World’s Most Expensive Home? Another Bauble for a Saudi Prince

[TomSea]

World’s Most Expensive Home? Another Bauble for a Saudi Prince
Nicholas Kulish and Michael Forsythe

The ownership of the chateau, in Louveciennes, France, near Versailles, is carefully shrouded by shell companies in France and Luxembourg. Those companies are owned by Eight Investment Company, a Saudi firm managed by the head of Crown Prince Mohammed’s personal foundation. Advisers to members of the royal family say the chateau ultimately belongs to the crown prince.

The chateau is built in the style of Louis XIV, and a marble statue of him overlooks the grounds. Lea Mandana for The New York Times

Eight Investment was the same company that backed Prince Mohammed’s impulse buy of the 440-foot yacht from a Russian vodka tycoon in 2015. The company also recently bought an 620-acre estate in Condé-sur-Vesgre, known as Le Rouvray, an hour’s drive from Paris. The chateau’s architect is refurbishing the manor house there and building structures for an apparent hunting compound, according to permit records at the local town hall.



Read more at: https://www.nytimes.com/2017/12/16/world/middleeast/saudi-prince-chateau.html?mtrref=www.bing.com&gwh=FAD4895CE869E623AD663B0E10E208C7&gwt=pay

It's a shame if he, the Crown Prince of SA, owns this lovely home. Really.

[ABX]

The same prince who just spent almost a half billion dollars on the lost DaVinci painting.

[Fishrrman]

How old is this Saudi guy?

He may live to become the prince of Francislam someday (the nation formerly known as "France").

He's just gettin' his palace ready there a little ahead of time.

[Suppressed]

The same prince who just spent almost a half billion dollars on the lost DaVinci painting.

And is claiming the moral high ground with a policy of austerity.