Russian Billionaire to teardown Trump’s former Palm Beach Mansion
Palm Beach, Florida, United States
The russian billionaire who purchased Donald Trump’s 33,000 square foot Palm Beach mansion in 2008 is now planning on tearing it down due to mold issues according to Gossip Extra. Trump purchased the mansion in 2004 for $41.4 million and spend a couple years renovating it before listing it at $125 million. Dmitri Rybolovlev, a Russian businessman & investor, paid a record $95 million in 2008 for the 6.26 acre estate just before the real estate meltdown, Florida being one of the hardest hit. A real estate source exclusively told Jose Lambiet of Gossip Extra, “He’s pretty mysterious about his ultimate plans, but it’s clear that the house will be leveled by the end of the year.” The mansion reportedly has 7 bedrooms, a garage that can accomodate 80 vehicles, marble floors, bullet-proof windows, mahogany doors, and an extravagant ballroom. Trump exclusively told Gossip Extra that he never expected the buyers to keep the house. “I don’t care about the house,” said Trump, “I bought it for $41 million, put in $3 million worth of paint and gave it a good cleaning – and I sold it for the highest price ever for a single family home.” The 6.26 acre estate includes 475′ of prime beachfront and could accommodate as many as a dozen beachfront lots.