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Russian in Kiwiland

Rich Russian buyers have been popping up frequently in places like NYC and St. Barth's, but one has gone a bit further afield than his countrymen. Billionaire steel magnate Alexander Abramov dropped almost $16M on a secluded plot of land on New Zealand's Helena Bay and now he's in the process of building a $40M, 38,000-square-foot mega-mansion on the site. [Homes of the Rich]