Friday, 16th May 2008

 

Billionaire Abramovich goes on a property binge

Russian billionaire Roman Abramovich has paid $36.3m (€23.3m) for an eleven bedroom mountainside mansion in Colorado, less than a week after commissioning the conversion of a central London house worth £150m – the UK’s most expensive property in history.

Abramovich’s newest estate, the formidable Wildcat Ridge Mansion, sprawls across 200 acres on a mountain above Snowmass Village in Denver.

The 14,300-square-feet mansion was custom-built for US Surgical Corporation founder, Leon Hirsch.

The purchase comes less than a week after it emerged that the Russian billionaire is in the process of developing what will be the UK’s most pricey property.

The eight-bedroom Knightsbridge mansion is expected to have a cinema room, indoor swimming pool, steam room and entertainment room, all set across eight stories – three of them underground. The development will take place in two adjoining townhouses, which were split into nine separate apartments in 1998.

The project is expected to be completed next year.

Brummel

Headline

The world's hardest timepiece

Choosing how to spend tens of thousands of pounds on a watch is a process that should be conducted slowly, carefully and most importantly, with pleasure. At £35,000, the Urwerk 103.08 TiAIN is not for the faint-hearted. Coated with an alloy of titanium aluminium nitride, the 103.08 is the hardest watch ever made, yet is lighter than gold and platinum. The coating makes the underlying metal incredibly resistant to scratches, shocks, oxidation and even acid.

Rich Monitor

Cayzer family make killing on float

One of the UK's wealthiest financial dynasties has reaped hefty rewards after a German shipping company in which they hold a majority stake, TGE, floated yesterday to achieve a market capitalisation six times its former value. nearly £160m (€103m).

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