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27 February 2014

Starting in London then wandering around

Would I swap places with 75-year-old multi-billionaire Samuel Tak Lee? Nah! So what if he owns/owned properties in Hong Kong, Tokyo, Geneva and London? In recent years, he has had to try to contain a scandal by a trusted ex-secretary who tried to blackmail him, for which he paid over £1m in legal costs. Then, just months ago, he helped to appeal against his son's wife's divorce settlement of a record HK$1.4bn. The wife, who is a solicitor, wanted half the marital assets, around HK£6.5bn. The son seems to be 'privileged' and denies himself nothing: a jet, a couple of yachts, 28 cars (28 cars!!) and half the world's expensive wine – and he demanded that his pregnant wife must have an abortion.

What does all this matter to me? Nothing really, I just came across these snippets when searching for something unrelated and found myself in the middle of a Hawaii-50 script!

Anyway, closer to home, Lee reportedly purchased 14 acres of prime investment in London's West End, between Soho and Mayfair, known as The Langham Estate, for $75 million/£51million 20 years ago – it must be worth considerably more now. It is listed as being owned by Mount Eden Land Ltd (a Guernsey-registered company) where businesses can rent commercial space with prestigious London addresses, including restaurants and offices (there's a comprehensive list of clients that have been blogged about). It’s amazing what interesting stories can be discovered just by searching for new premises and checking out the property management companies!

For instance, in Eastcastle Street, W1, outside the very interesting grade II listed Capel Bedyddwyr Cymreig, a Bugatti Veyron reminded me of the YouTube video of a ‘bobby on a bicycle’ who pulled over the Bugatti driver for not having a front number plate. This led to many discussions so I looked up the official rules and discovered that failure to properly display number plates is a fine up to £1,000 (no problem if you can afford a £1m Veyron) and… your car will fail its MOT test!! (Of course, if you ride a motorbike, you don’t need a front number plate.)

And here's a rare image of a Bugatti Veyron WITH a front number plate.
Brina

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