Belfast Telegraph

UK Website Of The Year

Home News World

Conrad Black sells £15m mansion

Former media mogul Conrad Black has sold his oceanfront mansion in Florida's Palm Beach for more than 23 million dollars (£15 million).

The Palm Beach Daily News quoted an estate agent as saying a California family bought the property. Black paid 9.9 million dollars (£6.3 million) for it in 1997.

The house has more than 21,000 square feet and boasts a tunnel to the beach.

Black is the Canadian-born former chairman of the Hollinger International media company who was convicted in 2007 of defrauding investors and served two years of a six-and-a-half year sentence. He was freed on two million dollars (£1.28 million) bail pending the outcome of his appeals.

An appeals court overturned some of his convictions and Black faces resentencing on June 24 for convictions that were upheld.

Press Association


From Belfast Telegraph