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Rabu, 20 November 2019

Money, murder, and mystery on London's derelict 'Billionaires' Row'

Business Insider

Money, murder, and mystery on London's derelict 'Billionaires' Row'

The Bishops Avenue — also known as "Billionaires Row" — is a street of 66 mansions worth a combined $620 million.

Its houses are vast, with colorful histories: homes for swindlers, exotic royals, industrial tycoons, and, briefly, Justin Bieber. Some are bright and gleaming, bustling palaces for celebrities and the 1%. Others are derelict hulks, falling apart while somehow maintaining enormous valuations in London's swollen luxury property market.

The street is also a monument to the avoidance of tax. Most houses on it have a tax-efficient ownership structure that epitomizes what many say is an unjust system shielding the wealthiest from contributing their fair share.

Click here to explore Billionaire's Row →
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