The World's Most Expensive Home (Worth Over $300M) Belongs To Pro-Austerity Saudi Prince

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Ironically, the owner of the world's most expensive home Crown Prince Mohammad Bin Salman has been admonishing the elite to live less lavish lifestyles.

In 2015, the Chateau Louis XIV, a 54,000 square foot palace near Versailles, was sold for over $300 million. This sale earned it the distinction of “the world’s most expensive home”.

At the time, the buyer’s identity was kept under wraps, concealed by several shell companies in France and Luxembourg. But recently, the New York Times traced back the ownership of the Chateau to none other than Saudi Arabia’s Crown Prince Mohammad Bin Salman.

Ironically, the 32-year-old prince has been preaching that Saudi’s elite should live less lavish lifestyles. The pro-austerity prince has also been leading a wide-scale crackdown on corruption and ill-gotten wealth.

And this isn’t the only extravagant purchase that the prince has made lately. The New York Times also discovered that the prince had bought a $500 million yacht and a $450 million Leonardo da Vinci painting.

This revelation has dealt a blow to his carefully cultivated image of a modern, honest ruler. "The lack of judgement and the lack of self-awareness that this reflects I think is shocking," Robert Jordan, former US ambassador to Saudi Arabia, told CNBC.

King of Saudi Arabia Palace: The Most Expensive Home In The World

Though the Chateau Louis XIV might look like it was built in the 17th century, the extravagant palace is actually a new building, constructed only in 2009. Its developer Emad Khashoggi tore down an abandoned 19th century castle and built the Chateau in its place.

The palace is, in fact, a smart home. Its lights, sound system, air conditioning, and even its fountains can be controlled by an iPhone. The property’s moat boasts an underwater meditation chamber, complete with aquarium walls and ceilings—all the better to enjoy the view of sturgeon and koi swimming above you, of course!

The house also boasts an indoor and outdoor pool, two ballrooms, a nightclub, ten bedrooms, a grand reception room, a wine cellar for 300 bottles of wine, a library, a squash court, and a private cinema.

You could say that it’s fit for a prince.

What do you think of the Crown Prince's purchase of the world's most expensive home? Too much, or just normal (he is a prince, after all)? Let us know in the comments!

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