Link to Youtube.com Video of the home
Russian fertilizer billionaire, Dmitry Rybolovlev, has agreed to pay $100 million to Donald Trump for his Palm Beach, Fla., mansion.
It is the most expensive sale of a U.S. single-family home. "This is the highest price ever paid for a house. And I think it's a bargain," said Mr. Trump.
Donald Trump paid $41.4 million for the estate at a bankruptcy-court auction in 2004 and had his apprentice winner Kendra Todd oversee a $25 million cosmetic renovation.
The 33,000-square-foot mansion, built in 1990, is on 6.5 acres with 475 feet on the ocean. Mr. Trump cut the price to $100 million from $125 million recently. But the home will probably be torn down and subdivided. Mr Rybolovlev said the purchase was an investment only.
Mr. Rybolovlev, born in 1966, is one of Russia's richest businessmen. The Forbes list of the world's billionaires places him at No. 59, with an estimated net worth of $12.8 billion.
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