Can you guess who owns the ‘world’s most expensive home?’

Here's a hint: he's leading an anti-corruption and austerity crackdown at home

New York Weekend Edition /
Dec.December 16, 2017 01:26 PM

(Patrice Diaz; The White House)

The Chateau Louis XIV is widely touted as the world’s most expensive house after it was sold for more than $300 million in 2015 and now it’s elusive buyer has been revealed to be none other than Saudi Arabia’s Crown Prince Mohammed bin Salman.

An investigation by the New York Times named Salman as the buyer, tracing ownership through a series of shell companies that eventually trailed back to Eight Investment Company, a Saudi firm Salman’s personal foundation manages.

His identity as the buyer comes at an awkward time back home; Salman recently ordered a crackdown on corruption, arresting notable businessmen and royals from across Saudi society. At the same time, he’s also been identified as the buyer of a string of lavish purchases including the record-breaking da Vinci painting, which sold for $450 million, and a yacht for $500 million.

“He has tried to build an image of himself, with a fair amount of success, that he is different, that he’s a reformer, at least a social reformer, and that he’s not corrupt,” said Bruce O. Riedel, a former C.I.A. analyst to the Times. “And this is a severe blow to that image.”

The chateau, though resembling a vestige from the 17th-century, was redone in 2009 and is completely controlled via iPhone apps — from air conditioning systems to sound systems, lights to fountains. There is also an underwater room with a transparent ceiling gazing up into the chateau’s moat, a movie theater and wine cellar, among the other amenities to be expected in the world’s priciest home.

[NYT] — Erin Hudson


Related Articles

arrow_forward_ios
Donald Trump and Allen Weisselberg with Trump Tower
Ex-Trump CFO Allen Weisselberg pleads guilty, will testify against firm
Ex-Trump CFO Allen Weisselberg pleads guilty, will testify against firm
From left: John Perez, Christian Amato and Nathalia Fernandez in front of Jacobi Hospital in the Bronx (Getty Images, JacobiPeds.org, ChristianAmato.com, John Perez)
Candidates back affordable housing, but not in their back yard
Candidates back affordable housing, but not in their back yard
Mayor Eric Adams and 700 Eighth Avenue (Google Maps, LoopNet)
Midtown’s Row hotel to house up to 600 migrant families
Midtown’s Row hotel to house up to 600 migrant families
From left: Donald Trump and former Trump CFO Allen Weisselberg (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Former Trump CFO close to plea deal in tax fraud case: report
Former Trump CFO close to plea deal in tax fraud case: report
Arlington Village at 3100-3124 Atlantic Avenue in East New York, Brooklyn (Google Maps, Getty)
Developing in downtrodden areas gets dicey
Developing in downtrodden areas gets dicey
Gainesville mayor Lauren Poe (Facebook, Getty)
Gainesville close to ending single-family zoning
Gainesville close to ending single-family zoning
Mayor of New York City Eric Adams (Photo Illustration by The Real Deal with Getty Images)
NYC turns back to hotels to grow homeless shelters
NYC turns back to hotels to grow homeless shelters
Council member Keith Powers (Manhattan Community Board 5)
Defeated by industry, criminal background check bill returns
Defeated by industry, criminal background check bill returns
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...