The Russians Are Coming!! – Russian Billionaire Sets Record Price For Home Purchase

Just last month, Russian billionaire Dmitry Rybolovlev paid 95 million dollars for a Palm Beach, Florida estate owned by Donald Trump. According to a Trump spokeman it was believed to be the highest purchase price for an estate in the US. In today’s news, an unamed Russian billionaire is paying a record sum of 752 million dollars for Cote d’Azur mansion Villa Leopolda, far exceeding the estimated purchase price of 500 million dollars.

Villa Leopolda

Located on Riviera between Nice and Monte Carlo, Villa Leopolda was built in 1902 by the King of Belgium, Leopold II. The seller Mrs. Lily Safra, wife of the deceased Lebanese businessman Edmond Safra, had waited months while the buyer steadily increased their offers.

 

This is just the latest in a series of high-end purchases by the Russian wealthy. Some other purchases include:

$42.5 million – East 64th St town house in New York
$36.0 million – 200 acre ranch in Aspen, Colorado

Russians are accounting for more and more high-end purchases, with some of their favorite destinations being London, the French Riviera, New York, Palm Beach, and Swiss and American ski resorts in Aspen.

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