Billionaire Benko Beats Red Bull King for Coveted Austria Forest
- Rene Benko buys Austrian estate for almost 30 Million Euros
- Benko buys first forest, extending his office, shopping empire
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Austria’s Rene Benko outbid fellow billionaire Dietrich Mateschitz to buy an ancient hunting ground in the Styria province, confirming once again the penchant for forested land among the country’s wealthy.
Real estate mogul Benko’s family trust is paying almost 30 million euros ($35.8 million) to buy the Stueblergut property, half way between Vienna and northern Italy. The estate with 1,300 hectares of land and forests has a small chapel and a historic inn built in the 1300s, which served as a resting place for travelers going from the south of Europe to the north. It’s being sold by Italy’s Morassutti family that has owned it for more than 100 years.