I know we’re late on this, but I figured we should do a post on it anyway. This grand estate, dubbed Park Place, recently sold to Russian billionaire Vladimir Lisin for a record £140 million or close to $230 million, which chump change for the steel tycoon. He is the richest man in Russia and 14th richest in the world with an estimated net worth of $24 billion. The massive country house was built in the 18th century near Henley-on-Thames, Oxfordshire in Britain (Great Britain or United Kingdom). While the home may be 300 years old, the interior was recently redone by former owner Michael Spink, who bought the property back in 2007 for £40 million. How much did he put into renovation and reconstruction you ask? A whopping £100 million. The property also includes about 200 acres of the parklands, listed monuments, house, cottages, stables and even a boat house.

From Luxatic –

The Franco-Italian mansion once belonged to Frederick Prince of Wales, the eldest son of George II and more recent owners included John Latsis, a Greek shipping billionaire, the local council which ran it as a school and a couple of developers that intended to turn it into a country club.

Rooms of the main house still have the original huge stone fireplaces and stained glass windows and the original sale also included several other properties, including three houses, 10 tenanted cottages and eight other in need of renovation. During the French revolution, the property’s owner back then developed large caves beneath the property into a chamber that can be reached through a tunnel and six vaulted openings.

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  • Barney

    And HERE it comes!

    I’m obviously getting smarter (at least I think so) and more realistic & earth-bound in middle age, hence my TRUE REPULSION at ANY ONE PERSON having THAT much money, period…….EVEN MYSELF. And while none of us can even roughly venture a guess as to how all these new, Russian OLIGARCHS became BILLIONAIRES MANY TIMES OVER in such incomprehensibly short amounts of time by comparison, I OH SO STRONGLY feel that the vast majority of them DIDN’T DO IT MORALLY OR ETHICALLY. The fall of the USSR, and the immeasurable corruption that went on, is still going on, and will continue to go on forever is mind-boggling. I honestly feel really grateful that I’m not brainwashed by nuclear-powered materialism and greed of this unbelievable level. Eternally beyond comprehension to me……….but at least, the house is in the hands of someone (at least for now) who has the money to care for it correctly (hopefully!) What he does with it during his ownership remains to be seen.




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  • Grrrowler

    The house itself is stunning. The price is ridiculous. As Daniel said, at this level of wealth, money is irrelevant. If someone offered to pay me $230 million for a piece of property, I’d probably take it, especially knowing that no one would ever offer that much again.




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  • NOVA Ben

    It looks stunning, I’d love to see interior pics, and some pics of the “parklands, listed monuments and cottages”.




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  • Chance

    I’d rather just pay $500 million and get Lakshmi Mittal’s house in KPG.




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  • Stewie

    Just insane.




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  • Stewie

    Also, I don’t believe his claim that he put £100m of renovations into it. No way. Maybe £20m.




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  • dunebasher

    I know for sure who bought this estate and it certainly wasn’t Vladimir Lisin.




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