Billionaire loses $53 million deposit on villa


The Atlanta Journal-Constitution

Russian billionaire Mikhail Prokhorov has to pay $53 million for a French villa he does not own.

.A court has ruled that Prokhorov must forfeit the 10 percent deposit he put down on a $527 million villa in southern France because he never completed the deal he made in July 2008 with the widow of banker Edmond Safra, according to BusinessWeek.com. Under French law, the deposit was forfeited when Russia’s second richest man -- worth an estimated $19.9 billion -- did not sign the final contract by a Dec. 15, 2008, deadline

http://www.ajc.com/news/b...id=thbz_hm

talk about profit!!

I think that $53 million dollars is like a pinch of salt to him. Otherwise, he would have been serious enough to close the deal.

angel345 said:

he probably snorts that amount worth of coke off a callgirls buttcrack on an average saturday nite

IstenSzek said:

Hey, you never know

Any time you back out on a closing, you lose your deposit.

what kind of idiot pays 527 million for a home **cough** villa? Shit you could probably buy an entire country for that kind of cash. Rich people can be so stupid.

Is this really worth $527 Millions dollars?

Secondly, I wanna slap this pug nose bastard....Just to make me feel better

andykeen said:

Location. Location. Location.

DesireeNevermind said:

the kind of idiot worth 18 billion?

andykeen said:

no, one of those trees doesn't look right

ZombieKitten said:

I know!!! It's much lighter than the others.

connorhawke said:

NOOOOO the one that looks like it has had it's guts cut out of the middle of it!
Right above the pool to the rightish

ZombieKitten said:

There are TWO of those ones!!!

-10mil

ZombieKitten said:

and I don't see any supermodels lying by the pool.

connorhawke said:

That's the size of the town I grew up in.

Graycap23 said:

lol

andykeen said:

Right? In California I'd say between 8 and 12 million.

Oh my, that's 53m just wasted on nothing but the real estate agent's commission.

BTW, this is the same guy who just purchased the NBA New Jersey Nets.

rich folk are idiots.

Good for the builder. Something like that almost happened to someone I know on an $800K home. He had contracted for the house and then his wife filed for a DIVORCE. So had to bribe his wife to get the Divorce finalized in short order so he could finalize the deal and not lost the $80K deposit. I told him that he should get out of the deal becasue the builder was late (due to a hurricane) and there was no clause in the contract to allow for such delay. But as luck had it the Divorce was finalized with a few weeks to spare so he bought the house and then sold it for $1.1 Million making a sweet $300K profit.

Graycap23 said:

That's scary. Should fans and staff be worried?