Rich Spend $88m -v- US Children eating rats

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PostSat Feb 18, 2012 6:27 am » by Eliakim

The property market may be in poor shape in many parts of the world, but the super rich continue to spend eye-watering sums on new homes.

The latest deal to grab headlines is a penthouse apartment with panoramic views of New York's central park, sold to a Russian fertiliser magnate for $88m (£56m).

Dmitry Rybolovlev is thought to have bought the palatial pad for his 22-year-old university student daughter, Ekaterina Rybolovleva.

The 6,744 sq ft (627 sq m) apartment in Central Park West is the highest value individual property sale in New York history. ... r_embedded

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