Haha. Sure, your Bel Air condo that couldn't even fit a tennis court in it's floorplan is worth twice as much as the Blenheim Palace.
'I'm a wonderful human being and I deserve it'. Wow - does he come from the same school of humility as as Kanye West?
I don't see what is funny about it being worth twice as much as Blenheim palace. First of all location and size dictate price not size alone. If you look at some of the other homes on the channel that are up for sale at $70-$100 million. Then sure I can believe it can be valued at $500 million quite easily. Los Angeles quite frankly blows London out of the water in terms of wealth and homes. Problem is I doubt anyone who wants to live in LA is willing to spend anywhere near that amount on a home that they didn't build themselves and unfortunately there is a ceiling on home valuations and isn't Blenheim Palance valued at that because of the land rather than the home? Anyone looking to spend that kind of money would be wanting it custom built to their specification and I doubt they would want a nightclub and half of the other crap he has built.
"eight square kilometers of iconic parklands designed by Lancelot ‘Capability’ Brown. All this of course comes at a price – property expert Henry Pryor estimates the Blenheim estate is worth in the region of $236 million (£180m)"
Again it's valued at £180 million I doubt anyone again would pay that much for Blenheim Palace. You can pretty much stick any valuation on anything selling price on the open market dictates the real price.
The guy is a tool. But you gotta admire the house as it's simply the perfect home for a Jay Z type when he was a batchelor. That's the problem when you build a home of that value with a nightclub. Realistically speaking Hugh hefner type or a billionaires son are the only buyers. There aren't many of them around so it's very niche. The idiot should have just built 5 different $100m homes on the land.
The home is therefore unsellable at that price as it's far too big and got far too much going on. It's therefore now only really worth that much as a venue for TV shows. I could see a big brother / love island type show being filmed in the house.
I don't think it's every going to be getting PPV events unless it's youtubers boxing which IMO is a complete farce. He's trying to cash in on it now as it's a loss maker at that price even though it's likely easily worth $500 million.