Abramovich to buy “Israel’s most expensive villa”

Abramovich to buy “Israel’s most expensive villa”
Roman Abramovich

The land property is located at Israel’s resort Herzliya and estimated at $63 million.

Russian tycoon Roman Abramovich is negotiating purchase of a villa and a land property with an area of 9 thousand square meters he rents at Israel’s resort Herzliya. In case the deal goes through, Abramovich is going to be an owner of Israel’s most expensive villa worth of $63 million, reports a local newspaper Calcalist with reference to a source.

The land lease agreement had been tied up between owner of the real estate and Abramovich for 3 months. According to Calcalist, British-Israeli philanthropist Alan Howard is the owner of the villa.

Interestingly, Abramovich does have real estate in Israel: in 2015, he purchased a land property with an area of 1.5 thousand square meters in a historical district of Tel-Aviv. There’s a hotel and a few 1-storey buildings on the land.

According to an Israeli newspaper Yedioth Ahronoth, Abramovich had planned to build a villa over there, as well as renovate secured architectural facilities located on the land.

Forbes estimates Abramovich’s fortune at $12.4 billion. He is ranked 12th on the list of Russia’s richest businessmen. In May, 2018, it became known that the businessman had finished repatriation to Israel and got the local passport.

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