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Russian billionaire loses £36m deposit he put down on the world’s most expensive home… plus another £1m interest

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A Russian billionaire has lost a £36 million deposit he paid to buy the most expensive house in the world on the French riviera, plus another £1million interest.

Mikhail Prokhorov – the world’s 24th richest man – offered £360 million for the sprawling Villa Leopolda in 2008.

After making a ten per cent down-payment, he then backed out of the sale after the global credit crunch hit.

Full story: Russian billionaire loses £36m deposit he put down on the world’s most expensive home… plus another £1m interest

Tags : france
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