A mysterious Russian billionaire has trumped his big-spending rivals and broken a world record by splashing out $750 million on one of the most sumptuous villas on the French Riviera.
The price of the Villa Leopolda, a Belle Apoque mansion on the heights of Villefrance, has amazed estate agents but fuelled local worries that the invasion of Russian money on the Cote d’Azur is getting out of hand.
Since the early 1990s, Russian oligarchs, drawn by memories of the Riviera-mad old Russian aristocracy, have been piling into seaside properties at Cap Ferrat, Cap d’Antibes, Saint-Tropez and the other great playgrounds.
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