Yuri Milner, Russian billionaire investor and founder of Moscow-based firm DST, has reportedly paid $70 million for an estate in California, according to TechCrunch.
Located on Paloma Road in Los Altos, a 25,000-square-foot classical mansion with 5 bedrooms and 9 bathrooms sits on this 11-acre estate, which was built only a few years ago. The classical mansion which was modeled after 18th-century French chateaux features home theater, wine cellar, spa/gym, and ballroom. It has a fantastic view of San Francisco Bay. The home’s outdoor features include a tennis court, carwash, swimming pool and formal gardens.
Milner has purchased the property from Fed Chan, founder of ESS Technology.
Milner, however, does not have immediate plans to move to the U.S. from Moscow, where he currently resides with his wife and two daughters.
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