‘King Khadem’ And His Sovereign Wealth! — IN DEPTH INVESTIGATION
<p>The most <a href="http://www.theagencyre.com/2013/10/1201-laurel-way-wall-street-journal/" rel="noopener ugc nofollow" target="_blank">expensive mansion</a> in Beverley Hills (reputedly) glitters with glass atop a cascading hillside of manicured terraced lawns — its projected price tag is around US$45 million plus.</p>
<p>According to court depositions, however, a recent Arab guest at the property was unimpressed by a temporary lack of hot water in the Palumbo designed <a href="http://www.theagencyre.com/for-sale/1201-laurel-way-beverly-hills/#7" rel="noopener ugc nofollow" target="_blank">futurist fantasy</a>, which has sparked a revealing row about its ownership.</p>
<p>When the house changed hands last year (following a total rebuild by top designer Michael Palumbo) the cash buyer was announced to have been a British born ‘nightclub mogul’ named Neil Moffitt. However, this was questioned.</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:350/0*f1y8Ln0ilThLPKqB.jpg" style="height:182px; width:350px" /></p>
<p>Commentators at the time <a href="http://variety.com/2014/dirt/real-estalker/did-neil-moffitt-do-it-again-in-beverly-hills-1201237721/" rel="noopener ugc nofollow" target="_blank">referred to raised eyebrows</a> that even a man with the reported income of Mr Moffitt (it had just been announced he had sold his company<a href="http://vegasmagazine.com/neil-moffitt-talks-success-of-hakkasan" rel="noopener ugc nofollow" target="_blank"> Angel Management </a>to the Hakkasan nightclub chain for some US$100 million) could have afforded such an expensive property.</p>
<p>After all, this was pretty much at the same time as he was also being identified as the buyer of yet another record breaking purchase, a<a href="http://ny.curbed.com/archives/2015/05/18/the_priciest_downtown_apartment_ever_sold_returns_for_70m.php" rel="noopener ugc nofollow" target="_blank"> US$50 million penthouse flat </a>(now up for re-sale for US$70 million) in the Walker Building in New York.</p>
<p><a href="https://medium.com/@sarawakreport/king-khadem-and-his-sovereign-wealth-in-depth-investigation-484506f3a0b2"><strong>Website</strong></a></p>