Property
He travels frequently on his private Airbus A-340. He owns Glympton Park, Oxfordshire.
A few months after 9/11, Bandar went to Aspen, where he has a thirty-two-room mansion. He bought the land in 1989 and built the residence in 1991. On 12 July 2006, it was reported that Prince Bandar was seeking to sell his 56,000-square-foot (5,200 m2) mansion in Aspen, Colorado, for US $135 million. The palatial vacation home, called Hala Ranch, is larger than the White House, is perched on a mountaintop of 95 acres (380,000 m2), and includes 15 bedrooms and 16 bathrooms featuring 24-karat gold fixtures. In December 2006, the mansion was still listed for sale at $135 million. In December 2007, the 14,395-square-foot (1,337.3 m2) guesthouse was sold for a reported $36.5 mm. The purported reason for the sale is that Bandar was too busy to enjoy the mansion. Finally, he sold his Aspen ranch for $49 million to Starwood Mountain Ranch LLC in June 2012. It is reported that billionaire John Paulson bought Hala Ranch, and Paulson confirmed it.
Read more about this topic: Bandar Bin Sultan
Famous quotes containing the word property:
“In the Greek cities, it was reckoned profane, that any person should pretend a property in a work of art, which belonged to all who could behold it.”
—Ralph Waldo Emerson (1803–1882)
“General education is the best preventive of the evils now most dreaded. In the civilized countries of the world, the question is how to distribute most generally and equally the property of the world. As a rule, where education is most general the distribution of property is most general.... As knowledge spreads, wealth spreads. To diffuse knowledge is to diffuse wealth. To give all an equal chance to acquire knowledge is the best and surest way to give all an equal chance to acquire property.”
—Rutherford Birchard Hayes (1822–1893)
“When a strong man, fully armed, guards his castle, his property is safe. But when one stronger than he attacks him and overpowers him, he takes away his armor in which he trusted and divides his plunder.”
—Bible: New Testament, Luke 11:21.22.