The real estate market might be slumping, but not for Donald Trump, who sold a Palm Beach mansion for $100 million to a Russian billionaire, his spokeswoman said Wednesday.
"In an age of so many people getting hurt in real estate, it shows that you can still do well in real estate," Trump told The Associated Press in a telephone interview.
His spokeswoman says $100 million is the most ever paid for an estate in the U.S., though there is no way to verify that claim.
Russian fertilizer billionaire Dmitry Rybolovlev purchased the roughly 60,000 square-foot (5,575-square-meter) oceanfront home, which Trump fixed up after buying it for about $41 million in 2004.
He assigned renovations to Kendra Todd, a winner on Trump's reality TV show competition "The Apprentice," who dressed it up with marble and 24-karat gold fixtures, even in the bathrooms. The home, called Maison de L'Amitie, is spread over several buildings and includes separate coat closets and bathrooms for men and women off the main entryway for easy entertaining. A mammoth fountain greets guests from the front along with 475 feet (145 meters) of ocean in the back.
"I think it's a great sign for the area, a great sign for Palm Beach and all that Palm Beach represents," Trump said.
Trump originally put the mansion on the market in 2006 for $125 million.