Real Estate Articles

Realestalker

Monday Morsel: Dmitry Rybolovlev

June 3, 2013

In 2008 Russian fertilizer plutocrat Dmitry Rybolovlev paid blowhard billionaire Donald Trump an astonishing $95,000,000 for Maison de L'Amitie, a 33,000+ square foot mega-mansion on 6.26  acres with 475 feet of ocean frontage in famously snooty Palm Beach, FL.

Since his much publicized acquisition, according to South Florida gossip Jose Lambiet, Mister Rybolovlev has been inside the meretriciously opulent convention center-sized house "once or twice" and now plans to tear it down by the end of this year because it is?so the stories go?riddled with mold.

What exactly Mister Rybolovlev plans to do seems to be up in the air. Could be he'll replace the existing residence with an even bigger monument to his extreme wealth or?as was speculated by an unidentified source in Mister Lambiet's report?he could try to subdivide the property "into as many as a dozen large beachfront lots."

It was Mister Rybolovlev?or his now 24 year old daughter, Ekaterina, depending on who you as or what you read?who in 2011 shelled out a shocking $88,000,000 for financier Sandy Weill's posh penthouse apartment at 15 Central Park West in New York City and who reportedly agreed to pay Greek shipping heiress Athina Onassis Roussell $154,000,000 for the the legendary Greek island of Skorpios and the smaller neighboring island of Sparti.

photo: Bing

Read entire article on Realestalker
« Previous Article Next Article »

More From Real Estate Articles

  • Real Estate Wonk: The problem with under-appraisals
  • The Interview: Scott Rifkin talks about acquiring North Oaks Retirement Community
  • More High End Real Estate Madness, New York City Style
  • Write a Story/Review about this topic

    Post a Comment

     

    Best of Luxury

    Finding the best in luxury can be a daunting task, which is why we've taken it on for you.
    View All Best of Luxury
    THINGS WE LIKE