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Yanina Sapir Spent $400,000 to Attend Burning Man, Pays a House Manager $15,000 a Month
Have you ever wondered how the rich spend their money?
In the case of developer Alex Sapir’s wife, Yanina, she dropped $400,000 to attend Burning Man and spends $6,000 a month on clothes, $5,000 on monthly boating expenses and more than $15,000 each month on the house manager, according to a financial affidavit. acquired by The Real Deal.
Yanina, who filed for divorce last year, estimates her monthly expenses at nearly $175,000, which is more than $2 million a year. That includes private school tuition for the Sapirs’ two children — $40,400 at Miami Country Day and $20,300 at a Miami Beach Montessori school — and $2,600 a month to pay the handyman and child driver. Her lawyers did not immediately respond to a request for comment.
Alex is the son of the late Tamir Sapir, founder of the New York-based Sapir Organization. He recently completed the sale of Arte, a 16-unit luxury apartment building in Surfside, selling the final unit of the development for $17 million. Alex Sapir is now head of the Sapir Org. and Sapir Corp. He plans to work on a major development near Edgewater and the Arts & Entertainment District in Miami.
Alex and Yanina married in Miami Beach in 2010. Yanina filed for divorce in April 2022, seeking child support and alimony from her husband based on the lifestyle they shared during their marriage, court records show.
In addition to the expensive Burning Man trip, house manager, and boat trips, this lifestyle also includes $5,000 in miscellaneous expenses (monthly), $300 (weekly) in yoga classes, an Anatomy gym membership (amount undisclosed ) and $2,800 “domestic help” (also monthly).
A company connected to the Sapirs paid $17.3 million for the modern, 7,300-square-foot Venetian Islands beach house they shared, where Yanina now lives, in 2018. That and the adjacent house immediately to the north are both owned by a trust of Yanina Sapir’s name. The Trust acquired the smaller, older home in December 2021 for just over $11 million.
Monthly mortgage payments come to almost $21,000, plus monthly property taxes of about the same amount.
This month, Yanina’s attorney, Barbara Diaz of Olshan, Spann & Fernandez-Mesa, also asked the court to enter an order giving Yanina sole use and possession of the marital home. This request was made after Alex brought in a real estate agent to show the house without notifying or asking Yanina’s permission, the court complained.
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