Russian billionaire Mikhail Prokhorov coveted the Villa La Leopolda in the French Riviera, and once tried to buy it – the deal didn’t go through, but he was still stuck with a US$50 million bill. Photos: @investing_and_business/Instagram, Luxurylaunches, AFP
Russian billionaire Mikhail Prokhorov coveted the Villa La Leopolda in the French Riviera, and once tried to buy it – the deal didn’t go through, but he was still stuck with a US$50 million bill. Photos: @investing_and_business/Instagram, Luxurylaunches, AFP

The US$45 million penalty! Russian billionaire Mikhail Prokhorov once almost bought the French Riviera’s Villa La Leopolda on King Leopold II of Belgium’s former land, but paid hefty fines instead

  • Villa La Leopolda sits on land in the French Riviera once owned by King Leopold II of Belgium and was used in Hitchcock’s 1955 film, To Catch a Thief, with Cary Grant and Grace Kelly
  • Prokhorov has quite the fortune: he sold the Brooklyn Nets to Alibaba executive Joseph Tsai and built the Onexim group together with fellow billionaire, Vladimir Potanin

Russian billionaire Mikhail Prokhorov coveted the Villa La Leopolda in the French Riviera, and once tried to buy it – the deal didn’t go through, but he was still stuck with a US$50 million bill. Photos: @investing_and_business/Instagram, Luxurylaunches, AFP
Russian billionaire Mikhail Prokhorov coveted the Villa La Leopolda in the French Riviera, and once tried to buy it – the deal didn’t go through, but he was still stuck with a US$50 million bill. Photos: @investing_and_business/Instagram, Luxurylaunches, AFP
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