In order for one to become a Russian billionaire, they make you take a test to determine whether you're committed to buying egregiously egregious real estate. Shipping magnate Alexander Ponomarenko passed—he bought a Russian palace (from Prime Minister Putin's right-hand man) for $350M. As did Roman Abramovich—he owns more than 10 properties. Now Yuri Milner, the billionaire founder of Moscow-based venture firm DST, has reportedly scooped up a 25,000-square-foot number in Silicon Valley for $70M. Apparently Milner has no real plans to relocate stateside, but as far as his portfolio goes, consider it seriously beefed up.
UPDATE: The home actually sold for $100M, not $70M as was first reported. Wowzers!
· "Putin's Palace" Sold to Someone Who is Definitely Not Putin [Curbed National]
· Roman Abramovich's Real Estate [Curbed National]
· DST’s Yuri Milner Buys $70 Million Home In Silicon Valley [TechCrunch via Gawker]
· Billionaire Investor Yuri Milner Pays $70 Million for California Mega Mansion [Homes of the Rich]
· California Home Brings $100 Million [WSJ]