Russian Billionaire Yuri Milner Buys $100M Silicon Valley Home

Thursday, March 31, 2011
JASON DEAREN, Associated Press

Russian billionaire Yuri Milner, a big investor in Facebook, daily deal website Groupon and "Farmville" game maker Zynga, bought the lavish, 25,500-square-foot mansion in Los Altos Hills, Calif.

[AP] Milner, the 49-year-old founder of Internet investment firm Digital Sky Technologies and chairman of Mail.ru Group, has no immediate plans to move into the mansion, spokesman Leonid Solovyev told The AP. Solovyev and another spokesman for the billionaire declined any further comment.

The mansion is a French-style chateau in the Loire style set on 18 acres in hills overlooking San Francisco Bay, the architect, William Hablinski, told The AP.

The sale is the most expensive in U.S. history for a single-family home and proves that luxury properties are insulated from downturns in the U.S. housing market.

Google Earth Image of 100 million dollar home