Multi-Billionaire Not Immune To Bad Economy; Seeks To Wiggle Out Of $634M Home Purchase Contract; Asks For His $49M Deposit Back

The New York Post reports:

• No one is safe from the housing mess - not even a billionaire Russian oligarch. Moneybags Muscovite playboy Mikhail Prokhorov has been hit so hard by the worldwide economic downturn that he's trying to back out of a deal to buy the world's most expensive mansion on the French Riviera.

• Last year, he thought nothing of making a deal to pay $634 million for the Villa Leopolda. But after losing $8 billion of his $20 billion net worth, Prokhorov is trying to get back his $49 million deposit from current owner Lily Safra.

Source: RUSSIAN RENEGING ON RECORD $634M HOUSE BUY.