The G Manifesto

Villa Leopolda: The most expensive home ever sold

A mysterious Russian billionaire has trumped his big-spending rivals and broken a world record by splashing out €500 million (£392 million, or $750 Million) on one of the dopest villas on the French Riviera.

The price of the Villa Leopolda, a Belle Époque mansion on the heights of Villefrance, has amazed estate agents but fuelled local worries that the invasion of Russian money on the Côte d’Azur is getting out of hand.

Since the early 1990s, Russian oligarchs, drawn by memories of the Riviera-mad old Russian aristocracy, have been piling into seaside properties at Cap Ferrat, Cap d’Antibes, Saint-Tropez and the other great playgrounds.

The previous record for a house was said to be the £57 million that Lakshmi Mittal, the steel tycoon, paid for a property in Kensington Palace Gardens in 2004.

The price for the Leopolda, which once belonged to the late Gianni Agnelli, the Fiat tycoon, has dwarfed the €20 million paid six years ago by Roman Abramovich, the Chelsea Football Club owner, for the semi-derelict Château de la Croë.

Source: Russian oligarch ‘invader’ pays record £392m for Riviera villa

The house was owned previously by Lily Safra, the widow of Edmond Safra, a Lebanese banker who was killed by an arsonist’s fire in Switzerland in 2003. I remember this whole fire thing, it was mad fishy.

When the crib was Gianni Agnelli it was the setting of many a “Jet-Set” gig. Back in the days of the true International Playboys.

The true cost of this crib is going to keep it stocked with champagne.

Time for a trip to Côte d’Azur…

The Rest is Up to You…

Michael Porfirio Mason
AKA The Peoples Champ
AKA Your favorite International Playboy’s favorite International Playboy
AKA Michael Dynamite
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