The $12.2 billion home is confirmed to be a fake. A number of sources around the web including reputed design blogs and business blogs(those of the likes of Wall Street Journal and Business Insider) are picking up syndicated feeds and reporting a false story to be true. Though we published the story as well there were a few points that were worrying us:
* First there was the location. No definite location was provided. (just a vague mention that it was along the border)
* The scenic view showed a waterbody nearby which was nowhere to be seen on the map provided
* exklusiv-Hause showed the project status as ‘In Planning’ whereas Stuart Hughes site said its already been completed and took 5 years.
* $12.2 Billion dollars was a really huge amount to shell out even for the World’s richest man whose total assets would amount to only $74B.
We have now information that confirms that this house does not exist. Not just that, Stuart Hughes has had a history of announcing projects that never existed. This includes a $4 Billion Yacht which he claimed to have built for a Malaysian businessman, but the images he released were actually taken from Italian Yacht company Baia. The list goes on.