Mystery Buyer of World's Most Expensive House Revealed

by Jared Paul Stern (RSS feed)
Aug 17th 2008 at 3:02PM

The mysterious billionaire who just bought the world's most expensive house - the $750 million Villa Leopolda (above) on the French Riviera - is none other than controversial Russian precious metals mogul Mikhail Prokhorov, the AFP reports. Luxist readers may remember Prokhorov as the over-the-top tycoon who announced plans in April to spend $150 million launching a magazine for snobs in Russia, called simply Snob. Prokhorov is ranked as the 24th richest man in the world with a $22 billion fortune. Some earlier reports had erroneously identified the villa's buyer as Roman Abramovich. Last year Prokhorov was briefly detained during an investigation into a suspected prostitution ring at the ritzy ski resort he frequents in the French Alps.

Tags: French Riviera, FrenchRiviera, La Leopolda, LaLeopolda, Magazines, Mikhail Prokhorov, MikhailProkhorov, prostitution ring, ProstitutionRing, roman abramovich, RomanAbramovich, Russian billionaires, RussianBillionaires, Snobs, Villa Leopolda, VillaLeopolda

Filed under: Estates

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Reader Comments (Page 1 of 1)

Graffitimonkie Aug 18th 2008 1:54AM

That house sure is expensive. But if you are a mogul than you gotta live the life and you definitely didn't need a mortgage or a subprime or an ARM to buy the house than do it. Unlike the many people who did need to take out bad loans to get their homes.

http://www.tranharry.com/