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Really true: Where is the most expensive house in the world? Another bullet for a Saudi prince.


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Das teuerste Haus der Welt? Eine weitere Kugel für einen Saudischen Prinzen

Ein 300-Millionen-Dollar-Chateau ist eine der extravaganten Einkäufe für einen Prinzen, der sich gegen unwahrscheinliche Erwartungen stellt und fiskalische Sparmaßnahmen voraussieht.

LOUVECIENNES, Frankreich – Als das Schloss Louis XIV vor zwei Jahren für über 300 Millionen Dollar verkauft wurde,   nannte es das Fortune Magazine “das teuerste Haus der Welt”, und  Town & Country  fiel über seinen goldblanken Springbrunnen, seine Marmorstatuen und sein Labyrinth 57-Morgen-Landschaftspark. Aber für all die verschwenderischen Details fehlte eine Tatsache: die Identität des Käufers.

Jetzt stellt sich heraus, dass der Papierpfad zu Kronprinz Mohammed bin Salman führt, Erbe des saudischen Throns und treibende Kraft hinter einer Reihe kühner Politiken, die Saudi-Arabien verändern und den Nahen Osten erschüttern.

Der Kauf 2015 scheint eine von mehreren extravaganten Anschaffungen zu sein – darunter eine 500-Millionen-Yacht und ein 450-Millionen-Gemälde von Leonardo da Vinci – von einem Prinzen, der  eine radikale Razzia gegen Korruption und Selbstbereicherung  durch die saudische Elite betreibt und fiskalische Sparmaßnahmen predigt Zuhause.


Das Schloss wurde für Kronprinz Mohammed bin Salman gekauft, der gegen die Korruption der saudischen Elite vorgeht und zu haushaltspolitischen Sparmaßnahmen predigt.  Kredit Fayez Nureldine / Agentur Frankreich-Presse – Getty Images

“Er hat versucht, ein Bild von sich selbst zu machen, mit einer guten Portion Erfolg, dass er anders ist, dass er ein Reformer ist, zumindest ein Sozialreformer, und dass er nicht korrupt ist”, sagte Bruce O. Riedel, ein ehemaliger CIA Analytiker und  Autor . “Und das ist ein schwerer Schlag für dieses Bild.”

Die Geschichte von Chateau Louis XIV, wie sie durch Interviews und Dokumente der New York Times zusammengestellt wurde, entfaltet sich wie ein finanzieller Krimi, mit einem Anwalt im Großherzogtum Luxemburg und einem Fixer für die sehr Reichen aus dem Mittelmeerland Malta. Sogar Kim Kardashian machte  eine Kamee  auf dem Schloss und erwog sie Berichten zufolge   für ihre Hochzeit mit Kanye West.


The chateau is built in the style of Louis XIV, and a marble statue of him overlooks the grounds.CreditLea Mandana for The New York Times

Eight Investment was the same company that backed Prince Mohammed’s impulse buy of the 440-foot yacht from a Russian vodka tycoon in 2015. The company also recently bought an 620-acre estate in Condé-sur-Vesgre, known as Le Rouvray, an hour’s drive from Paris. The chateau’s architect is refurbishing the manor house there and building structures for an apparent hunting compound, according to permit records at the local town hall.

Versailles Style, Modern Amenities

The chateau’s developer, Emad Khashoggi, nephew of the late billionaire arms dealer Adnan Khashoggi, bulldozed a 19th-century castle in Louveciennes to make way for the new chateau in 2009. To the naked eye it appears to have been built in the time of Versailles, the royal palace that set a world standard for gaudy luxury. But the 17th-century design camouflages 21st-century technology. The fountains, sound system, lights and whisper-silent air conditioning can all be controlled remotely by iPhone.

Along with more standard flourishes for top-of-the-line properties, like a wine cellar and movie theater, the rotunda features an exquisite fresco on the ceiling while the moat includes a transparent underwater chamber with sturgeon and koi swimming overhead. A statue of Louis XIV made of Carrara marble stands watch over the grounds.


The Chateau Louis XIV is set in a 57-acre landscaped park. The developer bulldozed a 19th-century castle in Louveciennes to make way for the new chateau in 2009. CreditCharles Platiau/Reuters

“The idea is tacky, and then once you visit it isn’t,” said Marianne Merlino, who was the town’s deputy mayor during construction. “Like in Versailles, that was way over the top too, and like Louis XIV, he achieved something really quite incredible.”

An Assertive Young Leader

In less than three years in the public eye, Crown Prince Mohammed, 32, has forged a reputation as an assertive — some critics say reckless — leader. He launched an air campaign in Yemen and spearheaded the blockade of Qatar. Yet he also appears to have won the popular support of many young Saudis for reining in the country’s religious police, promising to give women the right to drive and announcing that movie theaters will be allowed to openagain.

But his swift rise has ruffled some of his elders, especially when he shoved aside his older cousin to become crown prince. He has come under even more scrutiny since the arrests last month of nearly a dozen of his royal cousins and hundreds of other businessmen or officials, who have been detained at the Ritz-Carlton in Riyadh, now the world’s most luxurious jail. The government characterized the arrests as a crackdown on corruption but critics have called it a political purge and a shakedown.


Bader Al Asaker, who heads the crown prince’s personal foundation, at left with white head covering, is one of three shareholders listed for Eight Investment, which owns the chateau.CreditFayez Nureldine/Agence France-Presse — Getty Images

Crown Prince Mohammed, in an interview with The New York Times columnist Thomas L. Friedman, said he expected the state to recoup some $100 billion in settlements from the detained elite. But he dismissed as “ludicrous” accusations that the arrests were politically motivated, saying that was the only way to root out corruption and self-dealing.

“So you have to send a signal, and the signal going forward now is, ‘You will not escape,’ ” he said.

Neither he nor the Saudi government responded to requests for comment for this article.

Austerity at Home, Luxury Abroad

Even before the crackdown, unbridled spending by the king’s family, whose income sources remain opaque, had raised eyebrows. With the price of oil, the main source of the country’s wealth, having plummeted from record highs in the past decade, the government has tried to close yawning budget deficits with financial discipline.


The chateau’s developer, Emad Khashoggi, in a transparent chamber inside the castle’s moat, as sturgeon and koi swim overhead. CreditMagali Delporte

But last year, even as the government canceled a quarter of a trillion dollars’ worth of projects to rein in deficits, King Salman was building a luxurious new vacation palace on the Moroccan coast.

Im Jahr zuvor, kurz nachdem er zum  stellvertretenden Kronprinzen ernannt worden war , machte Prinz Mohammed Urlaub in Südfrankreich, als er sich eine prächtige Yacht mit zwei Schwimmbädern und einem Hubschrauber vorstellte.

Eine ganze Reihe von Aufzeichnungen, die von einer Anwaltskanzlei in Bermuda stammten und als Paradise Papers bekannt waren,  zeigen,  wie viele Anwälte, Banker und Buchhalter in Deutschland, auf den Bermudas und auf der Isle of Man wütend arbeiteten, um das Eigentum schnell an Eight Investment zu übertragen. Der Preis laut den Vertragsentwürfen betrug 420 Millionen Euro oder 494 Millionen Dollar in heutigen Dollars – sogar mehr als für das Schloss.

Emails between the lawyers said the yacht would be owned by a Cayman Islands company called Pegasus VIII, which was created in 2014 when Prince Mohammed was reported to have bought another yacht, renamed the Pegasus VIII. That yacht cost about $60 million, according to the seller, Ronald Tutor, a California investor.

Last month, Leonardo da Vinci’s painting “Salvator Mundi” sold for $450.3 million to an anonymous buyer, the highest price for any work of art sold at auction. The buyer, The Times found, turned out to be an obscure Saudi prince with close ties to Crown Prince Mohammed. People familiar with the sale and American intelligence officials said he was acting on behalf of the crown prince.

The Saudi government later disputed that report, saying variously that the Saudi buyer acted as an agent for Abu Dhabi, in the United Arab Emirates, where the painting will hang at the new branch of the Louvre, or that the crown prince had purchased the painting to give to Abu Dhabi. People familiar with the details insist the crown prince was the real buyer at the time of the sale.


A draft contract for the purchase of the super-yacht Serene for 420 million euros in 2015.

While the spending habits of Saudi princes have been chronicled for decades, the Paradise Papers as well as the Panama Papers, both released by the International Consortium of Investigative Journalists, provide new details. Crown Prince Mohammed’s wealth, vast as it is, represents only a portion of the riches accumulated by King Salman’s branch of the House of Saud.

In addition to two stately homes in London connected to King Salman, his son, Prince Turki bin Salman, is listed as the guarantor of an Isle of Man company that sold a penthouse apartment a short walk from Westminster Abbey for over $35 million in 2014. Prince Sultan bin Salman, a half brother of the crown prince and the first Arab in outer space, purchased a luxury Boeing jet that typically costs more than $100 million through an offshore shell company.

King Salman’s vast compound on Spain’s southern coast is owned by two Panamanian companies, which are in turn controlled by a Luxembourg company belonging to the king and his children. Another holding company, based in the tiny principality of Liechtenstein, owns the king’s villa on the French Riviera, where the actress Rita Hayworth celebrated her marriage in 1949.

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A Chateau Fit for a Crown Prince

A Chateau Fit for a Crown Prince

CreditPatrice Diaz Photographer

Peeling the Layers of Ownership

The two new French properties, Chateau Louis XIV and Le Rouvray, are owned by two French companies. Those companies are owned by a Luxembourg company, Prestigestate SARL, which is in turn owned by Eight Investment. Thamer Nassief, who lists his occupation on LinkedIn as “President of Crown Prince Private Affairs,” is a manager of both Prestigestate and Eight Investment.

Eight Investment, according to documents from the Bermudan law firm Appleby, is “owned by members of the Saudi Royal Family,” and its “wealth is derived from the King and the state.”

The three listed shareholders are Bader Al Asaker, who heads the crown prince’s personal foundation; Hazim Mustafa Zagzoog, the head of private affairs for King Salman; and Bader Ali al-Kohail, the Saudi ambassador to the Maldives, the Indian Ocean archipelago where the crown prince hosted a series of lavish parties featuring the rapper Pitbull and the South Korean singer Psy.


Locals say that the house is empty, and on a recent day the shutters were down and there were no signs of life.CreditLea Mandana for The New York Times

Chateau Louis XIV is one of several castles in Louveciennes, including one that belonged to Madame du Barry, the chief mistress of Louis XV. The town was later popular with Impressionist painters and is now an affluent suburb of Paris.

‘The Dream of His Life’

Town officials who worked with Mr. Khashoggi on the project described it as a near obsession. “Khashoggi said it was the dream of his life to make a thing like that,” said Ms. Merlino, the former deputy mayor. “He wanted to do the best in every field and he did.” Mr. Khashoggi declined through a spokeswoman to comment.

Some of the most lavish work, including the gilding, was performed by Atelier Mériguet-Carrère, which restored the Élysée Palace and the Palais Garnier opera house in Paris. The head of the company, Antoine Courtois, said he could not comment on the work because he had signed a nondisclosure agreement.

Hans Cauchi, a Maltese hospitality executive who caters to the superwealthy, applied for building permits to reconstruct the stables, a ruin on the edge of the estate, into a villa with a man-made pond, and to construct a new guardhouse modeled on a rustic property built for Marie Antoinette at Versailles.

Véronique Skrotzky, who used to forage for mushrooms when the run-down old chateau stood in its place, lamented that the owner never seemed to stay there, and that the property and grounds were closed to the public.

“Before it was a ruin only for ghosts,” she said. “Now it is brand new for ghosts.”

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Author: Nilzeitung

Dies ist eine Baustelle ...Diese Seite befindet sich im Aufbau .!!!!! (,,Patience ,, )) Die Selbstzufriedenheit ist in Wahrheit das Höchste, was man erhoffen kann. !? Baruch de Spinoza (1632-1677)

2 thoughts on “Really true: Where is the most expensive house in the world? Another bullet for a Saudi prince.

  1. Oh my! Lifestyles of the rich and famous!