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Show Notes
We're technically off this week. BUT, Business Insider dropped a banger of a read on Floyd Mayweather's tangled financial web, and somewhere at the center of that web is a character of great interest to The Promote Cinematic Universe: Jona Rechnitz was a New York real estate developer who was caught up in a massive NYPD corruption scandal before heading to LA and reinventing himself as a diamond dealer and Mayweather whisperer. Rechnitz is the archetype of a netherworld character who somehow keeps popping up in real estate: the hustler with the incredible Rolodex and fuzzy origin story, someone who manages to whip up controversy wherever he goes but keeps escaping any real consequences. In May, we dove deep into his fascinating story, and we're re-upping that episode here. In the episode, we also take a look at "structural corruption" in the development of supertalls, focused on a dispute at 432 Park Avenue.
NOTE: This is a re-run of an episode that originally aired on 5/14/2025
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Further reading:
Inside Floyd 'Money' Mayweather's lavish, debt-filled post-boxing life
Jona Rechnitz Atavist profile and The Promote's CRE-focused summary