France seizes mega-collector Roman Abramovich’s $120 Million mansion on the French Riviera as sanctions against oligarchs mount:
France Seizes Mega-Collector Roman Abramovich’s $120 Million Mansion on the French Riviera as Sanctions Against Oligarchs MountRussian billionaire and businessman Roman Abramovich attends a meeting at the Kremlin in 2016. Photo by Mikhail Svetlov/Getty Images.
It’s one of a dozen French properties owned by Abramovich that France has seized in recent weeks as it cracks down on Russian assets to penalize Vladimir Putin and his enablers for the invasion of Ukraine. The news was first reported byArchitect Armand-Albert Rateau built the 12-bedroom mansion in 1927 for Pomeroy Burton, a British newspaper magnate, on the Cap d’Antibes peninsula in the south of France.
From 1938 to 1950, the seaside property was home to the Duke and Duchess of Windsor after the Duke’s abdication as King Edward VIII. The couple hosted a 40th wedding anniversary party for Winston and Clementine Churchill at the chateau in 1948.
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