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:
“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)
“You and I ... are convinced of the fact that if our Government in Washington and in a majority of the States should revert to the control of those who frankly put property ahead of human beings instead of working for human beings under a system of government which recognizes property, the nation as a whole would again be in a bad situation.”
—Franklin D. Roosevelt (1882–1945)
“Thieves respect property. They merely wish the property to become their property that they may more perfectly respect it.”
—Gilbert Keith Chesterton (1874–1936)