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Ambani's Antilia most expensive billionaire home

Last updated on: July 25, 2014 16:25 IST

Ambani's Antilia most expensive billionaire home

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Reliance Industries Chairman Mukesh Ambani's skyscraper residence in Mumbai is the most expensive billionaire home in the world, according to a Forbes list which also includes Indian-origin steel tycoon Lakshmi Mittal's houses in London.

Ambani's 27-story, 400,000-square-foot skyscraper home Antilia named after a mythical island in the Atlantic, tops the Forbes list of the most expensive homes in the world.

"The title of the most outrageously expensive property in the world still belongs to Mukesh Ambani's Antilia in Mumbai," Forbes said adding it is the world's most expensive home "far and away" with construction costs reported between a range of $1 billion to $2 billion.

The house has six stories of underground parking, three helicopter pads, and reportedly requires a staff of 600 to keep it running.

Putting Antilia's scale and cost into perspective, Forbes compared it to '7 World Trade Center', a 52-story tower that stands near Ground Zero in Manhattan with 1.7 million square feet of office space that was reportedly built for $2 billion.

Mittal's houses in London's KensingtonPalaceGardens occupy the 5th and the 18th spot on the list of the 21 most expensive billionaire homes in the world.

The steel magnate is believed to own three homes on the high-security street known as 'Billionaires Row', including a neo-Georgian mansion near the Israeli embassy.

Let’s take a look at the most expensive billionaire’s homes.

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Image: Mukesh Ambani's skyscraper residence Antilia.
Photographs: Jhariani/Wikimedia Commons

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Antilia

Rank: 1

Location: Mumbai

Country: India

Owner: Mukesh Ambani

Owner’s net worth: $23.9 billion

Value: Upward of $1 billion

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Image: A view of Mukesh Ambani's house (C) Antilia.
Photographs: Danish Siddiqui/Reuters

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Villa Leopolda

Rank: 2

Location: Villefranche-sur-mer

Country: France

Owner: Lily Safra

Owner’s net worth: $1.3 billion

Purchase Price: 500 million euro ($750 million at the time) in 2008

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Image: Villa Leopolda.
Photographs: Miniwark/Wikimedia Commons

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Fair Field

Rank: 3

Location: Sagaponack, N.Y.

Country: US

Owner: Ira Rennert

Owner’s net worth: $6 billion

Property value: About $248.5 million, according to 2014 tentative tax assessment

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Image: Fair Field.
Photographs: Cfijames/Wikimedia Commons

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One Hyde Park

Rank: 4

Location: London

Country: UK

Owner: Unknown

Owner’s net worth: Unknown

Sale Price: $237 million in May 2014

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Image: One Hyde Park.
Photographs: Gareth Jones/Wikimedia Commons

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Kensington Palace Gardens

Rank: 5

Location: London

Country: U.K.

Owner: Lakshmi Mittal

Owner’s net worth: $16.6 billion

Purchase Price: 117 million pound ($222 million at the time) in 2008

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Image: Lakshmi Mittal.
Photographs: Olivia Harris/Reuters

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One Hyde Park

Rank: 6

Location: London

Country: U.K.

Owner: Rinat Ahkmetov

Owner’s net worth: $11.8 billion

Sale Price: $221 million in 2011

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Image: One Hyde Park.
Photographs: Courtesy, One Hyde Park

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Ellison Estate

Rank: 7

Location: Woodside, Calif.

Country: US

Owner: Larry Ellison

Owner’s net worth: $51.4 billion

Value: estimated $200 million to construct

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Image: Larry Ellison.


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Kensington Palace Gardens

Rank: 8

Location: London

Country: UK

Owner: Roman Abramovich

Owner’s net worth: $9.4 billion

Purchase Price: 90 million pounds (about $140 million) in 2011

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Image: Roman Abramovich.


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Blossom Estate

Rank: 9

Location: Palm Beach, Fla.

Country: US

Owner: Ken Griffin

Owner’s net worth: $5.2 billion

Total Purchase Price: Nearly $130 million in December 2012

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Image: Palm Beach County.
Photographs: Courtesy, Palm Beach County

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Xanadu 2.0

Rank: 10

Location: Seattle, Wash.

Country: US

Owner: Bill Gates

Owner’s net worth: $77.5 billion

Market Value: $120.5 million, 2014 tax assessment

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Image: Xanadu 2.0.
Photographs: Jeffwilcox/Wikimedia Commons

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Copper Beech Farm

Rank: 11

Location: Greenwich, Conn.

Country: UK

Owner: Unknown

Owner’s net worth: Unknown

Sale Price: $120 million in April 2014

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Image: Copper Beech Farm.
Photographs: Courtesy David Ogilvy & Associates Realtors

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Mountain Home Road

Rank: 12

Location: Woodside, Calif.

Country: US

Owner: Masayoshi Son

Owner’s net worth: $17.3 billion

Purchase Price: $117.5 million in 2012

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Image: Masayoshi Son.


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Further Lane de Menil

Rank: 13

Location: East Hampton, NY

Country: US

Owner: Ron Baron

Owner’s net worth: $1.9 billion

Purchase Price: $103 million in 2007

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Image: Ron Baron.


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Fleur de Lys

Rank: 14

Location: Holmby Hills, Calif.

Country: US

Owner: Unknown

Owner’s net worth: Unknown

Purchase Price: $102 million in March 2014

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Image: Fleur de Lys.
Photographs: Courtesy, Google Maps

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Silicon Valley Mansion

Rank: 15

Location: Los Altos Hills, Calif.

Country: US

Owner: Yuri Milner

Owner’s net worth: $1.7 billion

Purchase Price: $100 million in 2011

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Image: Silicon Valley Mansion.
Photographs: Courtesy, Google Maps

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Maison de L'Amitie

Rank: 16

Location: Palm Beach, Fla.

Country: US

Owner: Dmitry Rybolovlev

Owner’s net worth: $8.8 billion

Purchase Price: $95 million in 2008

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Image: Dmitry Rybolovlev.


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Broken O Ranch

Rank: 16 (tie)

Location: Augusta, Mont.

Country: US

Owner: Stanley Kroenke

Owner’s net worth: $5.6 billion

List Price: $132.5 million

Purchase Price: Uncomfirmed; Estimated between $90 million and $132.5 million

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Image: tanley Kroenke.


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Promised Land

Rank: 17

Location: Montecito, Calif.

Country: US

Owner: Oprah Winfrey

Owner’s net worth: $2.9 billion

Market Value: $90.3 million, according to 2014 tax assessment

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Image: Oprah Winfrey.


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Kensington Palace Gardens

Rank: 18

Location: London

Country: UK

Owner: Lakshmi Mittal (2nd property)

Owner’s net worth: $16.6 billion

Purchse Price: £57 million in 2004 (nearly $90 million)

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Image: A general view of Kensington Gardens in central London.
Photographs: Suzanne Plunkett/Reuters

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One57

Rank: 19

Location: New York, NY

Country: US

Owners: Bill Ackman (led investors to purchase one penthouse; the other buyer remains unknown)

Owner’s net worth: $1.5 billion

Purchas Price: more than $90 million apiece in 2012

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Image: One57.
Photographs: Courtesy, One57

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15 Central Park West Penthouse

Rank: 20

Location: New York, NY

Country: US

Owner: Ekaterina Rybolovleva, daughter of Russian billionaire Dmitriy Rybolovlev

Owner’s net worth: $8.8 billion

Sale Price: $88 million in February 2012


Image: 15 Central Park West Penthouse.
Photographs: Thomas Craven/Wikimedia Commons

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