British billionaire David Sullivan has cut the price of his London mansion by about $13 million. The businessman who owns football club West Ham United said he was making losses on the property. Mr. Sullivan is worth an estimated $1.6 billion.
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British billionaire David Sullivan has reduced the price of his London mansion to 65 million pounds (about $85 million), about $13 million less than the previous asking price.
Sullivan, the owner of east London-based soccer club West Ham United, told Bloomberg that he would now sell properties at a loss, but “we have to be realistic.” Ta.
living room in the house. Knight Frank.
“Interest rates are high. They're coming down, but not by much,” Sullivan said.
“Also, I don’t think what the government is doing to the non-armed groups is very good and a lot of rich people are leaving the country because of the budget projections. Three or four of my friends I have already left the country “to Monaco or Dubai,'' he added.
Meeting and dining room in the house. knight frank
Mr Sullivan, 75, was referring to planned changes to government policy that would remove certain tax benefits for wealthy UK residents whose permanent residence is outside the UK for tax reasons.
The proposed changes have created uncertainty in the market, with transactions in London's “super prime market” falling 22% year-on-year in the 12 months to July, property firm Knight Frank said.
And that's not ideal for Sullivan. Sullivan told Bloomberg he spent about 75 million pounds (about $98 million) on his Marylebone home. He reportedly spent 27 million pounds (about $35 million) and almost 50 million pounds (about $65 million) to buy the house in 2015. It's about renovating it.
Wine cellar on site. knight frank
The 21,000-square-foot home at 33 Portland Place was built in 1775 and has 10 bedrooms, 10 bathrooms, a swimming pool, a wine cellar, a cinema room and a sauna, according to Knight Frank. , and is said to have a “sky lounge.'' ”
One of the property's former owners, Edward Davenport, was convicted of multi-million pound fraud in 2011. He was granted amnesty on grounds of poor health and was released in 2014, the Guardian reported.
Appearance of the property. knight frank
Under Davenport's ownership, the house hosted some famous guests and was famous for hosting raucous parties.
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Supermodel Kate Moss once shot a campaign for Agent Provocateur on the property, and British music icon Amy Winehouse used it as a set for her 'Rehab' music video. It was also used to film scenes for the Oscar-winning film The King's Speech.
living area in the house. knight frank
Davenport's website features photos of her posing with celebrities ranging from Paris Hilton to Daniel Radcliffe. In one photo, he is pictured with Sullivan.
Davenport bought the house from the Sierra Leone High Commission in 1999.
Who is David Sullivan?
David Sullivan. Chris Brunskill/Fantasista/Getty Images
Mr Sullivan is worth about 1.2 billion pounds (about $1.6 billion), according to the Sunday Times' list of billionaires.
The 75-year-old first made his money in the adult entertainment industry before moving into media, owning the Daily Sport and Sunday Sport newspapers.
Speaking about his career to The Times of London in 2006, Sullivan said: “I came from an incredibly poor family, so I always had a strong desire to become extraordinarily wealthy.”
“I'm not ashamed of what I did,” he added. “I'm not the kind of person who would tell my neighbors that I'm in the printing industry. I'm in the adult entertainment industry, I meet some nice girls and I make a lot of money. I'm very I've donated to a lot of people.'' I'm very happy and I've never hurt anyone. ”
