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The Superrich Are Buying $100 Million Mansions Just to Tear Them Down

Summary by Ground News
In March 2023, cosmetics billionaire William P. Lauder paid $155 million for the longtime oceanfront estate of the late radio host Rush Limbaugh, setting a then-record for Florida’s Palm Beach. The roughly 24,000-square-foot main house, built in the early 1990s, had a grand salon modeled after Versailles and a library styled after one at the Biltmore Estate in Asheville, N.C., complete with carved cherubs on the ceiling.

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Wall Street Journal broke the news in New York, United States on Wednesday, October 21, 2026.
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