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
Risa Heller and Jonathan Rosen launched NY Forever earlier this week. (Risa Heller, Berlin Rosen)
Civic boosterism gets big backing from real estate
Civic boosterism gets big backing from real estate
Lewis Road Residential Planned Development (Pine Barrens, iStock)
Big golf, resi project in East Quogue approved
Big golf, resi project in East Quogue approved
From left: BSA chairwoman Margery Perlmutter, DRAW Brooklyn founder Alexandros Washburn, New York City Council Member Carlos Menchaca with renderings of the project (Photos via the City of New York, LinkedIn and Arquitectonica)
How a Red Hook developer circumvented the City Council
How a Red Hook developer circumvented the City Council
The bus terminal was built in the 1950s and designed to serve one fourth of the riders it sees today. (Getty)
Port Authority to raze, replace “hell on earth” bus terminal
Port Authority to raze, replace “hell on earth” bus terminal
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Financial disclosures show extent of Trump Org losses
Will Catsimatidis switch parties? (Getty)
Republican or Democrat? Catsimatidis picks his poison
Republican or Democrat? Catsimatidis picks his poison
Vijay Dandapani, president & CEO, Hotel Association of New York City (Getty)
Hotel owners ask NY for break on tax penalties
Hotel owners ask NY for break on tax penalties
NAR's Vince Malta (Photos via NAR; Pixabay; iStock)
NAR suspends federal political donations after Capitol attack
NAR suspends federal political donations after Capitol attack
arrow_forward_ios

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

Loading...