The villa that banker David Rockefeller built in the late 1950s in Saint Barthelemy, in the French Antilles, has been bought by an American businessman who, according to the Wall Street Journal, paid $136 million.
The property, the largest on the Caribbean island, covers almost 52 hectares and was previously owned by the former banker who died in 2017, the grandson of the founder of the industrial dynasty John D. Rockefeller.
It was then purchased in the early 1990s by Steve and Linda Horn, producers of television commercials in the United States, who wanted to sell it after Hurricane Irma arrived in 2017, causing extensive damage to the villa and the island, a holiday destination and symbol for luxury tourism.
The sale was made official on April 7 and is now owned by Adam Sinn, a 45-year-old American businessman, one of his real estate advisers, Douglas Foregger, who is also president of Wimco Real in St. Barts.
The new owner said he was “delighted to have acquired such an iconic piece of history” and stated that his only plan at this stage is to “restore the property to its Rockefeller-era glory”.
According to the Wall Street Journal, the sale was made for “approximately $136 million.” The sale is a good deal for the French territorial authority of Saint-Barthelemy, which will collect 5% of the amount, according to the territorial legislation of transaction registration fees.
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