A living room inside David Sullivan's London mansion.Knight FrankBritish billionaire David Sullivan has cut the price of his London mansion by about $13 million.The businessman, who owns the West Ham United soccer club, said he is taking a loss on the property.Sullivan is worth an estimated $1.6 billion.British billionaire David Sullivan has cut the price of his London mansion to £65 million (about $85 million), knocking about $13 million off of the previous asking price.Sullivan, an owner of the east London-based soccer club West Ham United, told Bloomberg that while he would now be selling the property for a loss, "you have to be realistic."A living room in the house.Knight Frank."Interest rates are high — they're coming down but not much," Sullivan said."I also think what the government is doing to the non-doms isn't very nice, and a lot of rich people are leaving the country as a result of what they anticipate in the budget.
Similar Stories to British Billionaire Slashes The Price Of His London Mansion By $13 Million, Saying The Rich Are Fleeing The Uk. See Inside The S on Bing News
nrennolds@insider.com (Nathan Rennolds), Business Insider
Sun, 10/06/2024 - 9:01am
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BING NEWS:
- British billionaire slashes the price of his London mansion by $13 million, saying the rich are fleeing the UK. See inside the storied property.
The house has previously hosted celebrities like Amy Winehouse and Kate Moss. It is on the market for £65 million (about $85 million).
10/6/2024 - 5:01 am | View Link - West Ham owner says super-rich are fleeing the country ahead of Reeves Budget
West Ham United chairman David Sullivan has blamed the Government’s crackdown on non-doms for driving the super rich out of Britain and forcing him to sell his London mansion at a loss. The ...
10/3/2024 - 1:48 am | View Link - More
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