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Russian Billionaire Prokhorov Revealed as Mystery Buyer of Villa Leopolda

Published: 8/19/2008 6:09:00 PM

Keywords: Real Estate

Russian billionaire Mikhail Prokhorov has been revealed as the mystery buyer who splashed out £390 million on Villa Leopolda, making it the world’s most expensive real estate property, AFP reports on Sunday.

Built for King Leopold II of Belgium in 1902, the Belle Époque mansion was used as a summer retreat for the king. The property has since changed hands a couple of times, and its previous owners include the late Giovanni Agnelli, of the Italian marque Fiat, and Lebanese-born Swiss banker Edmond Safra.

It was Safra's widow Lily Safra who sold the property to Prokhorov. Prokhorov made headline news in January 2007 when he and 25 others, including several Russian businessmen, were briefly involved in an investigation into a suspected prostitution ring. But the charges had since been dropped due to a lack of evidence.

Ranked by Forbes magazine as the 24th richest man in the world, with reported fortunes of US$19.5 billion, the former head of Russian mining giant Norilsk Nickel now heads Onexim Group, a Russian private investment fund with a focus on mining industry and projects in energy, nanotechnology and real estate. 


via AFP / Luxist