Saudi Princess Buys $62 Million House in Geneva

Agence France-Presse:

A Saudi princess has bought a historical Geneva estate that once belonged to a former Swiss president for 57.5 million Swiss francs ($62 million), media reported today.

Princess Latifa Bin Fahd bin Abdulaziz Al Saud, who is 54 and a daughter of former king Fahd, bought the 18,800-square-metre estate from the wealthy Nordmann family that co-owns upscale department store chain Manor and the maker of Lacoste clothing.

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