The Real Deal Miami

Russian billionaire bought Trump mansion

June 23, 2008 02:44PM

The buyer of Donald Trump’s $100 million oceanfront estate at 515 North
County Road in Palm Beach has been identified as the Russian fertilizer
billionaire Dmitry Rybolovlev, the Wall Street Journal reported.

At the age of 41, Ryboloblev made No. 59 in Forbes list of the world’s
richest people, with $12.8 billion this year, up from $3.3 billion in
2007. His buy broke the record for the island’s priciest home purchase,
which was set earlier this year when philanthropist Sidney Kimmel’s
estate moved for $81.5 million. Trump bought the property for $41.35
million in 2004, and listed it at $125 million in 2006, slashing the
price after two years of marketing. The mansion is priced at $210,000
per square foot of ocean frontage. TRD