Saudi crown prince sprinkles $300m on world’s most costly home, the French Chateau Louis XIV

It has been uncovered that Saudi Arabia’s Crown Prince Mohammed bin Salman is the purchaser of a French Chateau Louis XIV that turned into the world’s most costly property when it sold for $300million in 2015.

Prince Mohammed’s rise to power began in 2013 when he was named the head of the Crown Prince’s Court, with the rank of a minister. He capped his rapid rise to power in June this year by replacing his elder cousin Prince Mohammed bin Nayef, widely known as MbN, as crown prince.

Prince Mohammed’s crackdown on corruption is just the latest in a wave of frenetic changes in the kingdom over the past two-and-a-half years. He said he’s determined to remodel his conservative country into a modern state no longer dependent on oil.

Saudi crown prince splashes $300m on world

As indicated by reports, the castle which gloats of Chapel-style vaulted roof, aquarium channel, silver screen,  underground dance club, wine basement, home theater and a canal loaded with koi carp was kept covered up at the time behind a progression of shell organizations situated in France and Luxembourg.

Advisers to the Saudi royal family affirmed to the Times that the royal residence eventually has a place with Salman.

Prior to the estate was sold to Salman, Kim Kardashian was spotted looking at the property as a potential setting for her wedding to Kanye.

Saudi crown prince splashes $300m on world

The Times likewise trust that the crown prince is behind the current buy of Leonardo Da Vinci’s Salvator Mundi which turned into the most costly work of art after it was sold for $450million recently,.

Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud is currently spearheading an anti-corruption probe and wealth accumulation at home that saw more than 200 princes and dozens of former ministers being detained,

The story of Chateau Louis XIV, as pieced together through interviews and documents by The New York Times, unfolds like a financial whodunit, featuring a lawyer in the Grand Duchy of Luxembourg and a fixer for the very rich from the Mediterranean nation of Malta. Even Kim Kardashian made a cameo at the chateau, reportedly considering it for her wedding to Kanye West.

Saudi crown prince splashes $300m on world

 

In spite of the fact that,Bader bin Abdullah bin Mohammed bin Farhan al-Saud, another Saudi prince, another Saudi sovereign, was named as the purchaser of the depiction.

The ownership of the chateau, in Louveciennes, France, near Versailles, is carefully shrouded by shell companies in France and Luxembourg. Those companies are owned by Eight Investment Company, a Saudi firm managed by the head of Crown Prince Mohammed’s personal foundation. Advisers to members of the royal family say the chateau ultimately belongs to the crown prince.

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.” NY Time report”.

See more photos and video of the world’s most expensive home below..

Saudi crown prince splashes $300m on world

Saudi crown prince splashes $300m on world

Saudi crown prince splashes $300m on world

Saudi crown prince splashes $300m on world

Saudi crown prince splashes $300m on world

Saudi crown prince splashes $300m on world

 

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