The flamboyant Donald Trump may have been among the first to raise the bar on home prices to $100 million a few years ago when he put his Palm Beach mansion up for sale. Although it actually sold to Russian billionaire Dmitry Rybolovlev for $95 million, in 2008 it was believed to be the most ever paid for a home, according to an article in the Palm Beach Post.
Now another Russian billionaire, internet investor Yuri Milner, has broken the nine-figure mark by reportedly purchasing a $100-million spread in Los Altos Hills, Calif., the heart of Silicon Valley. Apparently, Milner has now won the distinction of paying the highest price for a single-family home, according to records from the Santa Clara County Assessor's Office.
The 25,000-square-foot mansion, designed by architect Bill Hablinski, has all the requisite upgrades you'd expect for the price, including indoor and outdoor pools, a gym, wine cellar, screening room and ballroom.
Milner founded venture capital company Digital Sky Technologies, and is a major investor in Facebook, Groupon and Zynga.
Of course, being rich is no guarantee that you're immune to financial trouble. Check out this gallery of the wealthy and fabulous who are in foreclosure. How'd they manage to lose their homes, even with all their fame and fortune? The same way anyone else does: by overextending on credit and buying more house than they can afford.
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