Posted on 06/23/2008 2:13:28 AM PDT by Roy Tucker
YEKATERINBURG — Urals fertilizer billionaire Dmitry Rybolovlev is the new owner of Florida's most expensive house after paying U.S. property tycoon Donald Trump $100 million for the waterfront property.
Rybolovlev, whose fortune has soared by $10 billion in the last year on an unprecedented boom in demand for fertilizers, said through a spokesman that the purchase was an investment and that he had no plans to swap Moscow life for the Florida coast.
Trump more than doubled his money on the sale of Maison de l'Amitie, a 3,000-square-meter mansion on Palm Beach bought for $41.4 million at a bankruptcy auction in 2004, The Wall Street Journal said.
The price, however, was still $25 million below that at which Trump first offered the house for sale, the newspaper said.
Rybolovlev, 41, made his fortune from the potash mines of the Ural Mountains. London-traded stock in his Uralkali mining company has doubled in value this year. "For many years, my main business interests have been in the potash industry, but I also have many interests in a range of companies all around the world," Rybolovlev said.
"These companies operate in different fields of business. In particular, one of them makes investments in real estate," he said in comments e-mailed through a spokesman.
"This acquisition is simply an investment in real estate by one of the companies in which I have an interest and does not represent a decision by me to live in the U.S. — indeed, neither my family nor I have any intention to do so," he said.
This is what $100 million buys.
Good for Him!
Yup, nice profit for the Donald, $58.6 million. And he’s doing his bit to close our current account deficit.
I thought it was interesting that Rybolovlev had to state that he was categorically not moving to the US. I guess when you are a Russian tycoon, you have to say that these days.
From the number of trucks in the Google shot, it looks as if the bird flew over while they were sprucing it up for sale.
Where’s the pool?
Any Russian billionaire right now got his money by outright crime. The guy should be arrested by ICE the first day he shows here.
Pff! And to think he could live anywhere!
Rush Limbaugh has a new commie neighbor
It looks like the landscaping is being worked on. Thus the large areas without grass.
Which proves irrefutably that,despite his billions,he's not the brightest bulb on the tree.
Sea turtles too?
On the right.
Heard on the news he’s tearing the house down for a subdivision of the land.
Its not for grass but a vegetable garden to help with the food bills. Believe that and I have some dry land in Florida for ya.
Its not for grass but a vegetable garden to help with the food bills. Believe that and I have some dry land in Florida for ya.
Inflation
$100 mill should be able to get you a entire island nation.
He’ll probably lose money on iy, like the Japs did on Pebble Beach.
googling your morse code gets the following hit:
www.youtube.com/watch?v=SlR2TBK0Pb0
Is that you.... wow
Couple of idiots
I understand the KGB wing is the one on the north side.
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