Nearly 10 years ago, a Russian oligarch paid a record sum to purchase a Palm Beach mansion owned by Donald Trump. Dmitry Rybolovlev paid $95 million for a home that Trump had purchased just four years earlier for only $41.35 million – a $50 million premium.
Why Rybolvlev would pay so much for a home in which he had no plans to live, or otherwise wanted, was never explained. Was it as a corporate investment? Was it for his children? Over the years, Rybolvlev’s spokespeople have given varying explanations.