ECONOMY DOWNTURN HITS THE UBER-WEALTHY

Russian oligarch Mikhail Prokhorov contracted to purchase the French Riviera mansion, Villa Leopolda, for $750 million back in 2008. Now, according to the London Daily Mail, he wants his $55 million deposit back. Seller Lily Safra seems to believe a deal is a deal. Last year there were 1,125 billionaires, today there are just 793. Yes, almost thirty percent of last year's uber-rich have dropped into the ranks of multi-millionaires. Not only did the number of billionaires decline, their collective net worth shrank by a whopping $2 trillion dollars

1925 FOREST RIDGE PARK HOME IN WEST PALM BEACH FOR SALE

See all the historic features in this Forest Ridge Park 2-story home in West Palm Beach, with beautiful renovated kitchen, keeping original architectural integrity throughout the house. Built in 1925, along with it’s own cottage,





















this 3 bedroom, 1 ½ bath home of 1587 sq ft has many custom renovations. The kitchen has granite bar, wood and stainless steel, the baths are renovated, new a/c, new windows. The Spanish-themed living room fireplace and high ceiling accented with cypress beams has a columned archway leading to cypress ceiling-covered family room. The original 1925 arched windows and cypress-beamed ceiling remain in the formal dining room. Authentic Spanish tiles in the kitchen lead to the spacious pantry. Gleaming Dade County Pine hardwood floors run throughout, along with solid wood and French doors. Master bedroom is on first floor. The Cottage has it’s own full bath and kitchen with 500 sq ft of living space, can be used for in-law or maid, or office/workshop. Walk the pretty flagstone path to a relaxing back yard. Landscaping includes fruit trees and custom Spanish themed storage rooms. Ride your bike to Flagler Drive, Palm Beach Island and the Atlantic Ocean. The home has been on the market 35 days, and is listed for $284,000. If you would like Marilyn to show this lovingly refurbished home to you, call 561-988-0070.

HISTORICAL POSITANO HOME FOR SALE WAS FORMER BISHOP’S RESIDENCE

Built in the 1700’s, this small monastery lies perched above the bay of Positano. Having been to Positano, and viewed it’s beautiful hillside and flowers growing atop the exquisite bay, I want the readership to see this area. The white and pastel colored villas appear to be ready to slide into the sea. With the tall steep mountains in the background, you could sit and just watch the breathtaking scenery, as I did for many hours. The residence includes coffered ceilings, painted murals and frescos, a gourmet kitchen, grand room and a dining room with an ancient Tuscan walnut table. It includes a monumental modern library with a vintage book collection. The property features beautiful tiered terraza and gardens. An exquisite gem!