A 27-year-old company heir named Shangjin Lin, also known as Jim, is the proud new owner of Brad and Angelina’s former mansion in the Sydney suburb of Vaucluse.
Lin, head of the Australian branch of the Shenglong Investment Group, coughed up AU$52 million (US$37.5 million) for the 1920s era abode.
Known as the “”Villa Igiea,” the 5-bedroom, 4-bathroom, 1126-squre-meter mansion rates as the second most expensive home residence in Sydney. Incidentally, the first most expensive house is currently owned by another Chinese business bigwig, who’s chilling just up the road from Lin.
Shenglong has been doing nicely for itself down under, with an estimated $432 million of acquisitions so far in Sydney and Perth.
Based in Shanghai’s Lujiazui financial district, the group has invested in almost $25 billion worth of projects in various cities back home. Last May its Australian subsidiary Aqualand attained a substantial area on Darling Island for an impressive AU$180 million sum.
Lin’s new residence was leased by Pitt and Jolie back in 2013 while the latter was filming Unbroken. The mansion has also been home to the likes of Katy Perry and Beyonce + Jay-Z.
This story is just the latest in a gaudy trend of affluent Chinese folk snatching up jaw-dropping Australian properties, to the indignation of slightly less rich locals.
By Pinky Latt