How They Spend It: Real Estate, Real Estate and More Real Estate

While a hefty part of many executives’ pay packages comes in stock options they have to patiently wait to vest, in most cases enough hard cash gets to their bank accounts to ensure they live in a comfortable — and sometimes opulent — fashion. Take Hal Lawton. When he joined Macy’s in 2017 as its new president, he moved his family from San Francisco, where he worked for eBay, to a town house in Manhattan’s West Village neighborhood that was once owned by Hollywood A-lister Hilary Swank. His $5.5 million joining bonus from the department store chain no doubt helped with the down payment for the $10.5 million abode. It was a similar case for Walmart’s Marc Lore. While building Jet.com into a force to be reckoned with, he lived in a modest four-bedroom house in a quiet New Jersey suburb. However, not long after selling Jet to Walmart and joining the retail giant as president and chief executive officer of U.S. e-commerce, he sold that home for just under $900,000 and upgraded to a TriBeCa penthouse that cost an eye-watering $44 million. There, he shares elevator rides with Hollywood heavyweights like Blake Lively and Ryan Reynolds, Jessica Biel and Justin Timberlake, Jake Gyllenhaal and

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