A Billionaire's Unique Real Estate Selling Strategy

by Deidre Woollard (RSS feed)
Sep 29th 2009 at 8:02PM

It's hard not to be a little envious of Alki David not only is he an actor and producer with roles in films like "The Bank Job" but he is also a billionaire heir to a shipping and bottling plant fortune. David, who has homes in Greece and Switzerland as well as several homes in England is looking to sell his Hampstead home. He and his wife are separating and in the Daily Mail he describes the seven-bedroom home, which he bought last year for £12.5 million, as "a mistake." As soon as the divorce is final the house will be sold. But his method of selling is a bit different, he plans to offer three agents two months to sell the house. The winner takes home a fixed commission, if it doesn't sell, he'll rent it out. A move from a man who clearly doesn't need the immediate influx of cash.

He will move into his £4 million property which has received an £800,000 renovation. Meanwhile, he is living in a two-bedroom flat in Knightsbridge bought two years ago for £1.8million which will give his soon-to-be ex-wife. He plans to expand his latest venture, online media company FilmOn, into the U.S. and is ready to capitalize on the lower prices in Los Angeles and pick up a new mansion there. But for tax purposes his main residence is Cyprus. He also owns a record label, modeling agency and founded the not-for-profit organization, BIOS which works on marine conservation in Greece.

Tags: alki david, AlkiDavid, billionaire, hampstead, london