Arthur Zankel, the financier who gave $10 million for the Carnegie Hall recital space that bears his name, plunged to his death from his ninth-floor apartment in New York City in an apparent suicide, police said Friday. He was 73.
Zankel, Carnegie Hall's vice chairman, died Thursday at New York-Presbyterian Hospital after apparently jumping from his Fifth Avenue apartment, New York Police Det. Noel Waters said. Zankel jumped about 11 a.m. Thursday and landed in a rear courtyard, Waters said.
A member of the Citigroup Inc. Board of Directors from 1986 until last year, Zankel specialized in real estate investment through his firm, High Rise Capital Management. He served as a co-managing partner of First Manhattan Co. for almost 20 years, until 1997.
Sanford Weill, chairman of Citigroup and of Carnegie Hall's board of trustees, called Zankel "my closest friend and advisor."
He was being treated for severe depression, Weill said in a telephone interview.
Zankel's donation helped fund the $100-million venue at Carnegie Hall that opened in 2003. Zankel Hall fulfilled Andrew Carnegie's original vision of three performance spaces at the complex, offering an intimate venue -- with seats for about 600, compared with 2,804 in the Isaac Stern Auditorium.