Business Insider Edition

The 72-year-old billionaire inventor of the Dyson vacuum cleaner just set a real-estate record in Singapore — and his new penthouse sits on the top floors of the city's tallest building

Libertina Brandt , Business Insider US
 Jul 16, 2019, 01:03 PM
LONDON, ENGLAND - DECEMBER 04:  Sir James Dyson pr
Sir James Dyson presents the Special Recognition award for Innovation on stage during The Fashion Awards 2017 in partnership with Swarovski at Royal Albert Hall on December 4, 2017 in London, England. (Photo by Stuart Wilson/BFC/Getty Images)
  • Dyson Ltd. founder James Dyson just set Singapore's real-estate record by purchasing a $54.2 million (R752 million) penthouse, according to the Business Times.
  • The penthouse sits in the tallest building in Singapore and boasts an infinity pool, BBQ pit, Jacuzzi, and private elevator.
  • The purchase comes five months after Dyson moved his company's headquarters from the UK to Singapore.
  • Dyson's purchase follows a lengthy list of billionaires who have bought multimillion-dollar homes in 2019.
  • For more stories, go to Business Insider SA.

The billionaire behind bagless vacuum cleaners just set a real-estate record in the world's most expensive city.

James Dyson, founder of Dyson Ltd., and his wife Deirdre Hindmarsh just bought the most expensive penthouse in Singapore for $54.2 million (R752 million), according to the local news source the Business Times. The British billionaire has a net worth of $12.7 billion (R176 billion).

The deal surpassed the $44 million Singapore penthouse that Facebook cofounder Eduardo Saverin purchased in 2017, which previously held the record.

The Dysons' penthouse spans the top three floors of Singapore's tallest building, the Wallich Residence, and boasts amenities like an infinity pool, BBQ pit, jacuzzi, and a private elevator, according to Bloomberg.

The purchase comes nearly five months after news broke that the Dyson Ltd. headquarters was being moved from the UK to Singapore.

According to CNN, other penthouse perks include a concierge team that will manage everything from chartering private jets and yachts to organising dinner parties for the Dysons.

The Dysons' purchase joins a series of other major real-estate transactions so far in 2019. In June, Business Insider's Paige Leskin reported that Jeff Bezos purchased a New York City penthouse along with two units below it for an estimated $80 million. Bezos' purchase is believed to be the second-most expensive home to close in New York City. NYC's real-estate record currently belongs to hedge-fund billionaire Ken Griffin, who bought a $238 million NYC penthouse, the most expensive home ever sold in the US, in January of 2019.

Receive a single WhatsApp every morning with all our latest news: click here.

Also from Business Insider South Africa:

  • Indicators
  • JSE Indexes
14.79
0,05%
18.71
-0,23%
16.31
0,09%
$1,492.57
0,1%
55455.37
0,43%
DAILY BUSINESS INSIDER UPDATE

Get the best of our site delivered to your inbox every day.

Sign Up