Most Expensive Home In The World

A Russian billionaire has bought a luxury villa on the French Riviera for a record £329million. Villa Leopolda between Nice and Monaco is thought to be the most expensive house bought since Lakshmi Mittal's £57million Kensington home in 2004.

The unnamed Russian oligarch's has bought Villa Leopolda one of the most sumptuous villas on the Cote D'Azur, which previously belonged to King Leopold II of Belgium and is often listed as one of the world's most desirable residences.

Roman Abramovich's staff have denied that he is the new owner of Villa Leopolda and its two guest houses, all of which sit in 20 acres of grounds filled with olive, cypress and lemon trees. Frank Sinatra and Ronald Reagan are among the guests who are said to have attended parties at the villa when it was owned by the "Fiat tycoon" Gianni Agnelli.

Edmund Safra, the founder of the Republic Bank of New York, bought La Leopolda in 1999, a few months before he died in a fire in Monte Carlo home.