The Russian stock market is having a melt down and here in the good ol’ U.S. of A Wall Street is in an utter panic over the bail out brouhaha, but that’s not stopping at least one mega-moneyed Russian oligarch from dropping a chomper chattering $99,000,000 on a seven-plus story townhouse in Moscow.
No children, Your Mama did not key in the wrong numbers, that’s $99,000,000.
According to a recent report from the big living boys and gurls at Baller House, the approximately 14,000 square foot townhouse is part of something called the Chistie Prudy (Clean Ponds) which appears to Your Mama to be a residential complex of obscenely priced apartments and townhouses in the center of Moscow and within walking distance of the Kremlin. The townhouse is reported to contain 5 bedrooms, 5 full and 3 half bathrooms, a swimming pool in the basement, a winter garden on the roof and an entire floor for the children because, apparently, really rich Russians prefer to keep the kiddies out of the way.
The billionaire buyer has not been named but according to a Moscow real estate agent, he’s a low profile tycoon who is around 40 years old.
Let’s put this purchase in perspective. According to Reuters India, the average monthly income for Russians is just below $700. A few clicks of the beads on our beloved and bejeweled abacus reveals that it would take the average Russian 11,785 years to come up with the $99,000,000 to buy this house.
Now that’s just sad, ain’t it?