News | March 31, 2011

Haute Estates: Russian Billionaire Purchases $100 Million Dollar Home

News | March 31, 2011

Some may think that $100 million dollar homes exist only for royalty, but for Yuri Milner, it is his very own reality. Milner, who is famously known as a Russian entrepreneur and venture capitalist, has just purchased the 18-acre hilltop residence in Los Altos, California. With panoramic views of the gorgeous San Francisco Bay area, this French-style house is equipped with a private ballroom, formal dining room, movie theatre, wine cellar, spa, gym, tennis court, indoor and outdoor pools, and five bedrooms each lavishly decorated with chandeliers and skylight entryways.

It is reported that Milner’s new home is the most expensive single-family dwelling residence in the country, measuring at about approximately 25,500 square feet of furnished beauty.

Yuri Milner, who heads Digital Sky Technologies, is also one of the main investors that started Facebook, Groupon, and Zynga. Born in Moscow, Russia, he later attended the University of Pennsylvania’s prestigious Wharton School of Business. After founding the investments fund for Digital Sky Technologies in 2005, he later became a main investor for Facebook, owning 1.96% for $200 million dollars. He has proven to turn his dreams into a reality with hard work and dedication, becoming one of the richest people in the world.

[Source: WSJ Online]

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