Nearly a decade ago, Donald Trump made a then-record breaking $95 million sale of residential property in Palm Beach, Florida, to a Russian billionaire. The sale raised eyebrows at the time, as the buyer acknowledged that he had no plans to live in the residence – not even for a day.
“In 2008, Dmitry Rybolovlev bought the Palm Beach mansion owned by Trump for $13 million more than the most expensive Palm Beach mansion sale up to that moment. It’s been almost a decade since the sale, but the transaction is newsworthy again as new questions surround contacts between members of Trump’s administration and Russian government officials.”
“At the time of the purchase, Dmitry Rybolovlev said that ‘he didn’t plan to live in the United States…. Nonetheless, he went ahead and paid an exceptionally high, $50 million premium to Trump, then a real estate tycoon and reality TV host, for a property he never sought to live in, not even on a part-time basis.’”
While the purchase may indeed have been nothing more than an investment by Rybolovlev, the record-breaking price, and exorbitant premium, are curious enough to have caught the attention of members of Congress. Democratic Senators are aware of the sale, and have begun questioning Trump appointees about the connection between Rybolovlev, Trump, and their various business dealings abroad.