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Real Estate

The Secretive Billionaire Who Bought London's $262 Million Home

  • Cheung Cheung Kiu’s fortune estimated at more than $1 billion
  • C C Land Holdings’ investments include London’s “Cheesegrater”
The facade of 2-8a Rutland Gate in London.
The facade of 2-8a Rutland Gate in London.Photographer: Dan Kitwood/Getty Images Europe

Even for London’s ultra-luxury real estate market, the price is sensational: more than $262 million for a 45-room mansion in Knightsbridge.

For the buyer, Cheung Chung Kiu, it’s not even his most expensive purchase. The Chinese chairman of C C Land Holdings Ltd. bought a plot on the Peak in Hong Kong for HK$5.1 billion ($656 million) in 2015, a record at the time.