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This is Where the Richest Family in the World Vacations

Jun 10 2017
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It was William Waldorf Astor who bought a villa on the cliffs of Sorrento in 1905, not a bad real estate purchases for one of the wealthiest people on the planet. Astor reportedly spent 10 million pounds, which accumulates to about $110 million today, in renovations.

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Once the palace was renovated, Astor set about acquiring surrounding parcels of land and nearby botanical gardens and recreating a Pompeiian villa on the edge of the land.

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Upon Astor’s passing in 1919, the Italian government deemed the antiques in the gardens as such high importance that they had to remain untouched.

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Since then, interior designer Jacques Garcia transformed the massive palace into a modern destination for the jet set.

 

Source: Bloomberg

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