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Russian billionaire buys Trump beach villa for 95 million dollars

Posted : Fri, 18 Jul 2008 05:55:00 GMT
Author : DPA
Category : US (Business)
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New York - US real-estate mogul and casino operator Donald Trump has sold his villa in Palm Beach, Florida, for 95 million dollars to fellow billionaire Dmitry Rybolovlev of Russia, a newspaper reported. The price was believed to be the highest ever paid for a single-family home in the United States and bucked the trend of falling home prices in the wake of its US subprime mortgage crisis.

"I love breaking records, and this is a record," Trump, who is also known for starring in the reality-television show The Apprentice, told the Palm Beach Post.

Trump's asking price for the 2-and-a-half-hectare, beachfront property had been 125 million dollars, and he told the newspaper that Rybolovlev had made a great deal.

Trump, 62, had bought the house in 2004 for 41.35 million dollars and renovated it.

The new owner, a 41-year-old fertilizer magnate, was listed 59th on Forbes magazine's 2008 list of the richest people in the world with a fortune of 12.8 billion dollars.

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