Billionaire Buys $52 Million Mansion Without Seeing It

Australian-Chinese billionaire Chau Chak Wing has bought a mansion in Australia for 70 million Australian dollars ($52 million) — the biggest home purchase in Aussie history. And he forked out that huge chunk of change without actually seeing the place.

The estate, named La Mer, used to belong to another billionaire, Australian mogul James Packer.

Chau told the Australian real estate site Domain: “I never saw the [Packer] house. I don’t know who the former owners were.”

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