Hard Rock Founder
Multi-Millions Lost in Flames
Hamptons Mansion Burns
3/18/2015 4:06 PM PDT BY TMZ STAFF
Billionaire tycoon Peter Morton‘s Hamptons mansion — which he dropped $10 million to buy — went up in flames … and there’s almost nothing left of the place.
The Hard Rock Cafe founder’s castle-like crib caught fire Wednesday afternoon in East Hampton, NY — and 7 fire departments sent trucks to fight the blaze which appeared to engulf all 10 bedrooms of the 10,000 sq. ft. beachfront spread.
Morton shared the home with his 3 adult children. No no one was home when the fire started — though a construction company was reportedly working on the property.
Unknown what started the fire at this point, but no one was hurt … besides Morton’s wallet.
Morton bought the mansion back in 1998 — so, it’s gotta be worth more than double that $10 mil by now.
Note: Remember to pay your insurance premium.