Monster, Billionaire Mansions

Facebook billionaire Mark Zuckerberg, 26, may have recently shelled out $7 million for a Palo Alto home, but when it comes to billionaire real estate, that purchase is downright thrifty. Many of the world’s richest people spare no expense when it comes to home sweet home, throwing down tens and hundreds of millions of dollars on mega mansions designed to suit every possible fancy.

Take industrial billionaire Ira Rennert’s 43,031 square-foot Fair Field estate in Sagaponack, New York. Valued at $200 million according to tax assessments, the sprawling 29 bedroom, 39 bath manse is one of America’s largest single-family homes — and arguably the most expensive. Amenities include not one but three dining rooms, three swimming pools sitting side by side, two courtyards, an orangery, a 164-seat screening theater and a pavilion housing a basketball court, a gym, and a 2-lane bowling alley. There’s even an on-premise power plant to keep everything running.

On the opposite coast, Russian venture capital billionaire Yuri Milner recently forked over $100 million for a 25,000-square foot, French chateau-inspired mansion in Silicon Valley. The Palo Alto estate touts indoor and outdoor pools, tennis courts, a ballroom and a wine cellar. If Rennert’s Fair Field estate could be the most expensive home in the country, Milner’s is its direct competition for that title. The Facebook and Groupon investor, who calls Moscow, Russia home, bought the place as a secondary property.

Many billionaire homeowners don’t move into their new digs right away. Once they’ve closed, which usually occurs through a third party LLC to keep the sale as private as possible, it’s time to retrofit the property for their lavish lifestyles, remodeling or in some cases, tearing down and rebuilding a brand new mansion altogether. This is a common occurrence in the ritzy Long Island, New York zip codes that make up the Hamptons, where billionaire investor Ron Baron dropped $103 million on 40 acres of beachfront land sans a house. In the most recent and extreme example, hedge fund billionaire David Tepper just knocked down the $43.5 million Sagaponack home he bought last year; he reportedly plans to build a house that’s twice as large on the empty site.

“A lot of people will buy a $30 million ocean front mansion, tear it down, and start all over again,” explains Alan Fiocchi, founder of AlchemyRED, a company that project manages the ground-up construction or intensive remodeling of multi-million dollar estates around the world. Fiocchi, who works on properties averaging $25 million with a typical renovation budget of $10 million, acts as Owner’s Representation for many billionaire clients, including many of Wall Street’s high profile finance gurus, one non-American Head of State and members of royal families.

Billionaires like their privacy. Fiocchi, who must sign non-disclosure agreements to take on a job, says it is common for clients to shell out money for technology that ensures safety. “We’ve done full security in terms of bullet-proof glass on all the windows,” says Fiocchi. “We’ve even had clients who were extremely paranoid about air quality, so we engaged engineers from Germany to make sure they had the highest air quality known to man circulating through their residences.”

The world’s richest spend millions on the finish work, especially stonework and millwork. Take the Maison de L’Amitie estate in Palm Beach, Florida that real estate mogul-turned-reality show star Donald Trump sold to Russian fertilizer kingpin, Dmitry Rybolovlev in 2008 for a discounted $95 million (originally listed for $125 million). The Donald snatched up the 60,000 square foot, oceanfront estate for just over $40 million in 2004 and set to work sprucing it up, adding gold and diamond fixtures and a 50-car garage.

Some billionaires collect pricey plots of land the way others might collect wine or art. Tech titan Larry Ellison is perhaps most famously known for his Woodside, Calif. compound, fashioned after a Japanese imperial palace with man-made lake, teahouse and moon pavilion. But the Oracle founder has also dished out hundreds of millions of dollars on more than a dozen Malibu and San Francisco estates in recent years. Earlier this year, he scooped up former billionaire Edra Blixseth’s 240-acre Porcupine Creek estate in Rancho Mirage, Calif. for a deeply discounted $42.9 million.

“When I think of a trophy property selling or something unusual entering the market that gets a lot of attention it…actually pulls more inventory out onto the market…and other properties that may be considered competing in this price point come out of the woodwork because the selling of them is optional,” explains Jonathan Miller, chief executive of Miller Samuel Inc, a New York City-based real estate appraisal company. He notes that while high-end aspiring homeowners have the money to shell out on uber expensive estates, many still tend to abstain from buying property that is wildly overpriced – just as their home-buying peers in the lower ends of the market do.

Here are five monster billionaire mansions worth visiting:

Maison de L'Amitie, a $95 million property in Palm Beach, FL. Photo: ZUMA Press/Newscom

Maison de L'Amitie, Palm Beach, Fla.
Owner: Dmitry Rybolovlev, worth $9.5 billion
List Price: $125 million
Final Purchase Price: $95 million

The sprawling oceanfront 60,000-square foot compound, bought from Donald Trump in 2008, includes diamond and gold fixtures and a nearly 50 car garage.

Xanadu 2.0, worth an estimated $121 million, is in Medina, Wash. Photo: CelebrityHomePhotos/Newscom

Xanadu 2.0, Medina, Wash.
Owner: Bill Gates, worth $56 billion
Home Value: $121 million, according to tax assessments

The high-tech Lake Washington complex owned by the world's second-richest man boasts a pool with an underwater music system, a 2,500- square foot gym and a library with domed reading room.

Promised Land, purchased for $50 million, is in Montecito, CA Photo: Splash News/Newscom

Promised Land, Montecito, Calif.
Owner: Oprah Winfrey, worth $2.7 billion
Purchase Price: $50 million in 2001

The media queen's 23,000-square-foot Georgian-style manse sits on more than 40 acres, boasting a tea house, more than 600 rose bushes and an upscale outhouse.

Casa Sin Nombre in Palm Beach, Fla. is for sale for $59 million. Photo: Corcoran

Casa Sin Nombre, Palm Beach, Fla.
Owner: Columbia University, bequeathed by the late media mogul John Kluge
For Sale: $59 million

Reflecting pools, statues and six houses adorn the oceanfront grounds of the late Metromedia founder's property, which recently hit the market after being willed to his alma mater.

Fair Field Estate in Sagaponack, N.Y. is valued at $200 million. Photo: DALLAL/SIPA/DALLAL/SIPA/Newscom

Fair Field Estate, Sagaponack, N.Y.
Owner: Ira Rennert, worth $5.2 billion
Property value: $200 million, according to tax assessments

The industrial billionaire's hulking 29-bedroom, 39-bath Hamptons compound has not one, but three swimming pools, plus its own power plant on premises.

Cities with the Most Billionaires, 2011

When the U.S. economy was riding high for most of the 20th century, it would have been impossible to imagine a foreign city--especially one in a Communist country--with more of the planet's very richest than New York, home of old-money Wall Street. But that indeed is the case. Today Moscow is the city with the most billionaire residents in the world.

The Russian capital boasts 79 billionaires, a stunning increase of 21 in just one year. That more than edges out No. 2 New York, with 59 billionaires, and No. 3 London with 41. Other cities in the top 15 include such rising stars as Mumbai, Taipei, Sao Paolo and Istanbul. Los Angeles manages a tie for No. 8.

The combined fortunes of Moscow's billionaire population top $375 billion, more privately amassed wealth than in any other city in the world.

Despite New York's relegation to second place, the city remains a favored locale of billionaires, whose collective net worth is $221 billion. The Big Apple boasts some of the most expensive ZIP codes in the U.S., due in part to the real estate prices paid by billionaires in this city. Indeed, many Moscow residents own secondary homes in New York, including fertilizer and coal magnate Andrey Melnichenko, whose wife recently closed on a $12.2 million penthouse apartment. Even the world's richest man, Carlos Slim (home: Mexico City), snatched up a $44 million mansion on Central Park last year.

To compile our list, we tallied the primary residences of all 1,210 billionaires on the 2011 Forbes World's Billionaires list, our annual assessment of people sporting seven-figure or higher fortunes in U.S. dollars. We did not take secondary homes into account for this list.

In the U.S. we stuck strictly to city limits. For example, while a smattering of prominent media barons like Viacom founder Sumner Redstone and T.V. tycoon Haim Saban reside in Beverly Hills, they are not included in the pile of Los Angeles residents since Beverly Hills is its own city (although largely surrounded by Los Angeles).

Here are the the world's five top cities for billionaires:

Istanbul, Turkey scores No. 5. Photo: Thinkstock

No. 5: Istanbul
Number of Billionaires: 36
Total combined wealth: $60.5 billion

Billionaires include: Turkey's richest person, Mehmet Emin Karamehmet, chairman of mobile phone company Turkcell; Turkey's former richest, finance and retail scion, Husnu Ozyegin; and Macedonian-born Sarik Tara, founder of construction giant, ENKA.

Hong Kong scores No. 4. Photo: Thinkstock

No. 4: Hong Kong
Number of Billionaires: 40
Total combined wealth: $176.8 billion

Billionaires include: Greater China's richest person, Hutchison Whampoa chairman Li Ka-shing; the Kwok family, the brothers behind Hong Kong's largest real estate developer, SHKP; and Angela Leong, the controversial heiress of Stanley Ho's casino empire.

London scores No. 3. Photo: Thinkstock

No. 3: London
Number of Billionaires: 41
Total combined wealth: $164.3 billion

Billionaires include: Indian citizen Lakshmi Mittal, the world's sixth-richest man thanks to steel-maker ArcelorMittal; daredevil Virgin founder Richard Branson; and Philip & Christina Green, the married couple behind clothing company Topshop.

New York City scores No. 2. Photo: Thinkstock

No. 2: New York
Number of Billionaires: 59
Total combined wealth: $220.8 billion

Billionaires include: media mogul and current mayor Michael Bloomberg; fashion designer Ralph Lauren; and real estate developer-turned-reality T.V. celebrity Donald Trump.

Moscow scores No. 1. Photo: Thinkstock

No. 1: Moscow
Number of Billionaires: 79
Total combined wealth: $375.3 billion

Billionaires include: Russia's richest man, steel magnate Vladmimir Lisin; commodities investor and Chelsea soccer team owner Roman Abramovich; and venture capitalist and Facebook investor Yuri Milner.

Little-Known Man-Made Wonders of the World

Not all of the world's wonders get the attention they deserve. We searched the globe to find nine marvels that are so awe-inspiring, you'll find it hard to believe that they were crafted by human hands—and so far off the beaten path, chances are you've never heard of them

It took 90 years to carve the 233-foot-tall
Leshan Giant Buddha out of a remote
Chinese mountainside in the 8th century.

Photo: Ariel Steiner/Wikimedia Commons

More from BudgetTravel.com

Of course you've heard of Machu Picchu and Angkor Wat, but have you heard about an Incan city that seems truly lost to today's travelers, or the complex of 52 pre-Angkorian temples so deep in the Cambodian jungle that it takes a local to guide you there? These destinations are jaw-dropping, but they don’t pull in the massive western crowds for a reason: Some of them are remote. That's where we come in with suggested tour operators to make the experience easier and well worth it.

Sichuan, China

A Buddha so large it took 90 years to build

It took almost the entire 8th century to carve the 233-foot-tall Leshan Giant Buddha out of a mountainside in central China—about 1,400 miles west of Shanghai (and far out of sight and mind for most travelers)—but the result still stands as one of the world's largest Buddhas. Its ears alone are more than 23 feet in length (that’s the height of a two-story building), and even its smallest toe is large enough to sit on comfortably. But it’s not only the Buddha’s giant scale that’s impressive. On its head are 1,021 intricate, twisted hair buns hiding a complex drainage system that helps preserve the statue. The Mount Emei area itself has enormous religious significance; Buddhism was first introduced to China here. Thrill seekers can get up close to witness the Buddha’s sheer size by navigating down a steep, 250-step zigzag path along its side; those looking to take in the statue from a distance (and see additional figures carved into the cliff) can opt for a boat ride—the statue sits at the confluence of where three rivers meet.

The Church of the Transfiguration of Our Savior on Kizhi Island, Russia.

Photo: Olivier Martel/Corbis

Karelia, Russia

An open-air museum of elaborate wooden churches

It requires a flight or overnight train ride from Moscow or St. Petersburg and then a ferry ride to reach Kizhi Island, part of the 1,650-island chain on northern Russia’s remote Lake Onega. Your reward is becoming one of the choice few to explore the one-of-a-kind State Kizhi Museum, made up of nearly 90 wooden structures, including chapels, windmills, and granaries. Its most remarkable portion, set on a narrow strip of land on the island’s southern tip, is Kizhi Pogost, a walled enclosure that houses an octagonal bell tower and two 18th- century wooden churches. Twenty-two cascading bulbous cupolas fashioned from aspen shingles top the 121-foot Church of the Transfiguration of Our Savior. Amazingly enough, this masterpiece was built without a single nail. Legend has it that a sole axe was used to carve the shingles and the interlocking corner joinery that hold the majestic structure up, and after its completion, was tossed into the water so a similar marvel couldn’t be built.

The belowground church of St. George in Lalibela, Ethiopia.

Photo: Julien Demade/Wikimedia Commons

Lalibela, Ethiopia

Medieval churches made out of volcanic red rock

Unless you're from Ethiopia, chances are you don't know about these 11 medieval churches in the small mountain village of Lalibela. The destination is first and foremost a place of worship, which explains why the Ethiopians haven't done more to market it to tourists. You don't have to be devout, however, to marvel at the churches' unusual design. Legend has it that a visit to Jerusalem after its fall to a Muslim general in the 13th century inspired King Lalibela to rebuild the holy city in Ethiopia. He commissioned workers to dig these churches out of the area's red volcanic rock. One remarkable group of four—the House of Emmanuel, House of Mercurios, House of Gabriel, and House of Abba Libanos—was created from the same massive piece and connected by underground passageways. Light filters into the cruciform structures through cross-shaped windows. Another church, the Beta Medhane Alem (House of the Saviour of the World), rests some 35 feet below the surface of the desert.

Cambodia's little- known hidden temple complex of Sambor Prei Kuk, whose structures were built during the 7th century and predate those at Angkor Wat by some 600 years.

Photo: Baldiri/Wikimedia Commons

Kampong Thom Province, Cambodia

Cambodia's oldest temple complex

Built during the 7th century, the 52 standing temples of Sambor Prei Kuk are part of the remains of the former capital of Chenla, an ancient kingdom that once ruled much of present-day Cambodia. Spread across three square miles of jungle in Cambodia's Kampong Thom province, the complex predates even the oldest temples of Angkor by some 600 years. Amazingly, it's also far beneath the radar of most travelers—a meager 5,000 annual international visitors make it out to this destination, compared to the million-plus tourists who visit Angkor Wat (that may have something to do with the fact that getting to Sambor Prei Kuk entails a three-hour drive from either Siem Reap or Phnom Penh along the bumpy, stray-dog-ridden National Route No. 6). If you do want to visit, the new Isanborei community tourism project provides local English-speaking guides who will take you around the temples on a tuk tuk. If you’re looking for a truly authentic experience, opt for one of their homestays—you can live with a family, learn how to cook traditional dishes, and even help harvest rice.

The interior of a megalithic temple on Malta.

Photo: Courtesy Malta Tourism Authority

Malta and Gozo

World's oldest freestanding monuments

The stone temples on these small Mediterranean islands wedged between Sicily and Tunisia don't get much attention these days; you won't see them in a big-screen thriller or from a mega cruise ship. But as far back as 5000 B.C., millennia before work began on the Great Pyramid of Giza, they were drawing hordes of worshippers. Hagar Qim, the grandest temple complex, commands attention from its hilltop location on Malta’s southern coast. It was constructed from enormous limestone slabs raised to form doorways with lintels (similar to those at Stonehenge) and semicircle formations; one slab stands a commanding 20 feet high and, weighing nearly 20 tons, is believed to be among the largest of any temple. Hagar Qim’s best statues—three “fat lady” figurines and a slimmer Venus of Malta—were excavated in the mid-20th century and are now housed in the National Museum of Archaeology in the Maltese capital city of Valletta. But if you look closely while at Hagar Qim, you’ll find carvings of spirals, animals, and goddesses—all the more impressive given the builders' limited tools: flints and obsidian blades.

A 15th-century wall at Choquequirao, whose nearly 200 slope terraces were built about 6,000 feet above the glacier-fed Apurímac River.

Photo: Courtesy Gihan Tubbeh/PromPeru

Choquequirao, Peru

The truly lost Incan city

These 15th-century ruins, which consist of a central plaza and dozens of slope terraces built some 6,000 feet above the glacier-fed Apurímac River, received fewer than 7,000 visitors in 2006. That’s just a little more than 1 percent of those that made the trek to its far more famous sister site, Machu Picchu, whose nickname “The Lost City of the Incas” seems misleading given its typical tourist crowds. But at its height, Choquequirao was no less significant: It was roughly the same size as Machu Picchu and believed to be the last main religious center of the Incan Empire before its fall. From the tiny town of Cachora (about 100 miles away from Cuzco), getting to Choquequirao is an arduous 20-mile trek. You’ll pass arid country full of cacti and agave before the vegetation turns lush. Take a breather to spot the occasional condor, and exhale with the jagged, snow-capped Vilcabamba Range in the distance.

Naqsh-e Jahan Square in Isfahan, Iran, is bounded by four monumental structures: the mosaic-tiled Royal Mosque to the south, the Portico of Qaysariyyeh to the north, the Mosque of Sheykh Lotfollah to the east, and the magnificent entrance to Ali Qapu palace and the royal gardens to the west.

Photo: Nick Taylor/Wikimedia Commons

Isfahan, Iran

An unexpected royal city

When Shah Abbas chose to relocate the capital of the Persian Empire to Isfahan around 1600, he was determined to make a big impression. So surely he'd be disappointed to know that centuries later his masterpiece remains hidden in plain sight—at least for Americans, who are largely restricted from and cautioned against visiting Iran. The Shah's massive building centered on grand Naqsh-e Jahan Square, which he surrounded with four monumental structures: the gleaming, mosaic-tiled Royal Mosque to the south, the Portico of Qaysariyyeh to the north, the Mosque of Sheykh Lotfollah to the east, and the magnificent entrance to Ali Qapu palace and the royal gardens to the west. Ali Qapu's grand covered balcony was where the shah and his guests would watch polo matches, horse races—even public executions. Inside, spiral staircases connect each floor, and the walls are adorned with intricate bird-patterned murals. Even more impressive is its sixth floor Music Room, covered with ornately decorated stucco niches and cutouts in the shapes of pots and vessels that once reverberated the sounds of the ensembles who performed there.

The little-known Mirador Basin, hidden among 2,000 years of jungle growth in northern Guatemala, consists of five Preclassic Mayan cities, each larger and older than the nearby (and far more famous) Tikal by 1,000 years.

Photo: Wilbur E. Garrett/National Geographic/Getty Images

El Mirador, Guatemala

A Mayan complex that's still unearthing marvels

The little-known Mirador Basin, hidden among 2,000 years of jungle growth in northern Guatemala, is called the Cradle of Maya Civilization—and for good reason. Its five Preclassic Maya cities—El Mirador, Nakbe, Xulnal, Tintal, and Wakna—are each larger and older than the nearby (and far more famous) Tikal by at least 1,000 years. Among their astounding innovations are super-size temples and pyramids, including La Danta, the largest -known pyramid in the world measured by volume, and the remains of the world's first highway system. And there may be more to uncover: Just two years ago, archaeologists discovered a massive limestone frieze that dates back to 200 B.C. But illegal logging and tree clearing to make way for cash crops like corn are threatening the forests (an alarming 70 percent has been destroyed in just a decade). In an effort to preserve the region, an international effort led by the Global Heritage Fund with help from the Guatemalan and U.S. governments is underway to establish an 810,000-acre national park in the region.

Gateway to the entrance of Bara Imambara, a palace complex containing an elaborate maze in Lucknow, India.

Photo: Sayed Mohammad Faiz Haider Rizvi/Wikimedia Commons

Lucknow, India

A gravity-defying palace

Few people have heard of Lucknow, capital of the eastern region of Uttar Pradesh in India, and even fewer know of the maze-like palace complex—a blend of European and Arabic architecture—that is located there. It was the brainchild of 18th-century ruler Nawab Asaf-ud-Daula, who put nearly 22,000 city residents to work during a severe famine (struggling noblemen were rumored to have come in at night to avoid being identified among the crew). Bara Imambara's magnificent central arched hall—which stretches 50 meters long (roughly half the length of a soccer field) and about three stories high—is held up, amazingly, without any pillars, girders or beams. Instead, the hall was constructed solely with interlocking brickwork. Another one of its mysteries is the Bhulbhulaiya, a dense labyrinth of more than 1,000 narrow stairway passages meant to thwart any possible intruders—some stairways lead to abrupt drops, others have dead ends. It’s possible to roam around the secret maze, preferably with an approved guide, and to explore the adjacent mosque and manicured gardens.

Deadly blast rocks Moscow's busiest airport

AP – FILE -- In this Dec. 26, 2010 file photo a general view of the Domodedovo airport is seen in Moscow, …

By LYNN BERRY, Associated Press Lynn Berry, Associated Press – 16 mins ago

MOSCOW – An explosion ripped through the international arrivals hall at Moscow's busiest airport on Monday, killing 31 people and wounding about 130, Health Ministry officials said.

The state RIA Novosti news agency, citing sources in law enforcement, said the explosion at Domodedovo Airport may have been caused by a suicide bomber.

Moscow police were put on high alert and immediately beefed up patrols in the subway system, a previous target of terrorists.

Mark Green, a British Airways passenger who had just arrived at the airport, told BBC television he heard the huge explosion as he was leaving the terminal.

"Literally, it shook you," he said. "As we were putting the bags in the car a lot of alarms ... were going off and people started flowing out of the terminal, some of whom were covered in blood."

"One gentleman had a pair of jeans on that was ripped and his thigh from his groin to his knee was covered in blood," he added.

Green said thousands of people were in the terminal at the time of the blast.

Domodedovo is generally regarded as Moscow's most up-to-date airport, but its security procedures have been called into question.

In 2004, two suicide bombers were able to board planes at Domodedovo by buying tickets illegally from airport personnel. The bombers blew themselves up in mid-air, killing all 90 people aboard the two flights.

Built in 1964, Domodedovo is located 26 miles (42 kilometers) southeast of the center of Moscow and is the largest of the three major airports that serve the Russian capital, serving over 22 million people last year.

Terrorists have targeted other transportation centers in Moscow.

In more recent suicide bombings, twin blasts in the subway last March killed 39 people and wounded more than 60 people.

In December 2009, Chechen rebels claimed responsibility for blowing up a high-speed train between Moscow and St. Petersburg, an attack that killed 26 people and injured scores.

_____

AP writer Raphael G. Satter in London contributed to this report.