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Russian Billionaire pays $95 million for Trump Mansion in Palm Beach Florida

By
Real Estate Agent with Young Real Estate Group

Although Donald Trump calls this a $100 million dollar deal, Russian Fertilizer Billionaire Dmitry Rybolovev purchased the Waterfront Estate for $95 million at closing on Tuesday.  According to sources, all of the closing costs, brokerage commissions, and doc stamps were paid for by Trump.

Trump Mansion

 

Trump bought the 6 acre waterfront mansion which has 475 feet of unobstructed views back in 2004 for $41.35 million from Abe Gosman during his bankruptcy filing.  Trump made extensive renovations to the waterfront estate and his initial asking price offering was $125 million.

The buyer of the home, Ryolovev is listed on Forbes Billionaire's list at #59 with an estimated net worth of $12.8 billion dollars.

(Read more about this $100-million dollar deal)

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Tiffany L. Young, Realtor®
EWM Realtors, Inc.
C: 954-257-5030
Email: tiffany@tiffanylyoung.com
Website: www.tiffanylyoung.com
Blog: www.southfloridaluxuryrealestateblog.com

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