"After years on the outskirts of asset allocation, property is starting to move into the prime investment arena traditionally occupied by stocks and bonds," says the Candy GPS (Global Prime Sector) Report, produced by Deutsche Asset & Wealth Management with research from Savills. At the end of March, the Los Angeles Times broke the news that Suzanne Saperstein had sold her expansive Holmby Hills estate, Fleur de Lys, for $102 million. As demand for real estate pushes property values up the world over, the price tags of homes already owned by the super rich also increase. There, the most expensive real estate tends to be game lodges or wine estates, bought by rich businessmen as retreats. Whilst many of us are paddling along with mortgage repayments and the like, these guys can purchase some of the most extravagant, lavish homes outright, without a second thought on the matter. Villa Leopolda, located on the Cote d'Azur,Second in the list "The most expensive houses in the world". So, the list of the richest houses includes the following houses in the US: Kensington Palace Gardens - London facilityreal estate of the Indian metallurgical tycoon Lakshmi Mitalla, One Hyde Park - apartments of the Ukrainian magnate Rinat Akhmetov and Lindsay house - Roman Abramovich's estate on the "billionaires street", represent the most expensive houses in the world, located in the British capital. Top Three. Mukesh Ambani, an … © 2020 Forbes Media LLC. 12. Celebrity Kids’ Bedrooms: Get A Look At The Most Trendy Settings! LeBron James Drops $23 Million On Los Angeles Mansion! Check here to indicate that you have read and agree to Terms & Conditions/Privacy Policy. [9], The 4,532-square-metre (1.120-acre) land on which Antilla was built housed an orphanage called Currimbhoy Ebrahim Khoja Yateemkhana with 60 orphans, and belonged to a charity run by the Wakf board. Value: $121 million Who would have guessed the home of the 2nd richest man in the world would make it to a list of the world’s most expensive properties? The estate is reportedly one of several waterside homes that King Leopold II of Belgium built for his many mistresses. At the request of Ambani, a businessman whose fortune is estimated at $ 21.5 billion, the architects expressed in metal structures the idea of ​​the necessity and importance of constant growth. (Larry Ellison's 23-acre Japanese-style estate in Woodside, Calif. enjoys the opposite situation: the home reportedly cost $200 million to build, but was assessed at just over $73.2 million in 2013. ", With a population of  just over 2,000, it has always attracted celebrities, royalty and some of the best-known “rich and famous,” from around the world and has been described as ”the escape from Monaco for those burdened with taste.”. [22], In 2007 the Maharashtra state government said the structure is illegal because the land's owner, the Waqf Board, had no right to sell it, as Waqf property can neither be sold nor transferred. 5 million in the last 12 months." The most expensive houses in the world are elite propertiesThe real estate for which their owners paid fabulous money. Additional reporting by Alexandra Elliot. List of the most influential people in the world, The most expensive coins in the world: top-5, The most expensive yachts in the world: top-5, The eccentricity of the billionaires: the most expensive cars in the world. These days, Microsoft founder Bill Gates may spend more time giving away money than making it, but that doesn’t stop him enjoying a little luxury. Current neighbors include British composer Andrew Lloyd Webber and tech tycoon and The villa was sold in 1924 to Alexandre Marnier Lapostolle, the owner of the Grand Marnier liquor brand. Before searching for the features behind the number, let's clarify that in this case, “the house” is rather a large, opulent mansion on the French Côte d'Azur, set in a “small” privileged refuge between Nice and Monaco frequently described as the ‘billionaires' playground. At the time, that was the most expensive apartment sale ever.). Microsoft Antilia, a 27-story skyscraper on the pricey Altamount Road in Mumbai, is the most expensive home in the world, valued at upwards of $1 billion. Taylor "Property prices have more than doubled in the last few years," says Jan Lindeque, a broker with South African real estate agency Engel & Voelkers. Construction costs for Antilia have been reported at a range of $1 billion to $2 billion. The heiress of The Cedars has said that she wants to downsize. Nice property tax break.). [31] [32] [33] Thomas Johnson, director of marketing at architecture firm Hirsch Bedner Associates (consulted by Reliance during the design of the building's floor plan) told Forbes … There are these expensive buildings on different continents. The construction was completed by B.E.Billimoria & Company Ltd.[6] The home has 27 floors with extra-high ceilings. The Supreme Court, while dismissing the petition, asked the Waqf board to approach the Bombay High Court. Case in point: Reuters […] Saint-Jean-Cap-Ferrat now has the most expensive price per square meter—more than €200,000 at the top end—in the world… Built by the Belgian monarch Leopold II, the villa belongs to the widow of the banker Edmond Safra. Before that I investigated a former Hell’s Angel for the City Pages of Minneapolis, trekked to the U.S.-Mexico border with the Minutemen for the Orange County Register, and exposed Michael Jackson’s property tax problems for the Santa Maria Times. Last Name* Please insert your email. By continuing to browse the site, you are agreeing to our use of cookies. [8] It is considered by some to be the tallest single-family house in the world, but others disqualify the Antilia because it includes space for a staff of 600. To put that into perspective, 7 World Trade Center, the 52-story tower that stands just north of Ground Zero in Manhattan with 1.7 million square feet of office space, cost a reported $2 billion to build. It has five swimming pools and every possible trimming, and it just hit the market this year. Although the market cooled off a bit in in 2013, with no properties trading hands above the $100 million mark (2011 and 2012 both saw $100 million transactions), 2014 has kicked off with a bang. It has 27 floors, but could accommodate all 60, but the customer - Mukesh Ambani, founder and CEO of a large industrial conglomerate, insisted on high ceilings. That property, too, went to an unknown buyer. As 2014 continues, the list of outrageously-priced homes owned by billionaires is stacking up. co-founder Paul Allen. Expensive homes tended to be concentrated in particular areas. Antilia is the world's most expensive private home, costing approximately US$2 billion. Here's what we found: co-founder Eduardo Saverin for his wedding in June, when he rented the entire Le Grand Hôtel du Cap-Ferrat for four days and 350 guests. Every time there's a hike in oil prices, every time there is a political uprising, all the wealthy refugees come to the U.K., and they buy super-luxury property." "[36] "It makes me wonder why someone would do that. The company had been in the family for six generations. [23] In June 2011, the Union government asked the Maharashtra government to consider referring the matter to the Central Bureau of Investigation.[24][25][26][27]. Opinions expressed by Forbes Contributors are their own. In 1904, he purchased the Villa Pollonnais, a 15-acre mansion built in 1830, changed its name to Le Cedres, made extensive renovations and used it as his main holiday home. Well, you’re about to find out. Of the 20 most expensive homes in the world owned by Forbes billionaires, only six were priced at less than $100m. I'm a dual Colombian-Luxembourgish freelance journalist, inveterate traveler and writer based in the world's only Grand Duchy. Not to mention "it enhances their status," Abrahmsohn adds. (Other buildings of equivalent height may have as many as 60 floors. We combed through thousands of property listings, compared hundreds of homes and contacted dozens of brokers and owners in our quest. According to Forbes, one of the most authoritative economic publications that make up various ratings, including elite real estate, the most expensive house on the planet is Antill's mansion worth 1 billion dollars.

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