Monday 18 July 2011

11-year-old son of Azerbaijan’s President owns $44 million property in Dubai


11-year-old son of Azerbaijan’s President owns $44 million property in Dubai


Billionaires have always drawn the ire and wrath of critics for spoiling their children with expensive gifts. The latest billionaire doting dad to be showered with criticisms is the President of Azerbaijan who has reportedly purchased nine luxury mansions in Dubai worth millions of dollars in the name of his 11-year-old son. The lavish properties have been registered under the name of Heydar Aliyev, the son of President Aliyev, with Dubai’s Land Department. The Washington Post reported that the properties were bought in a two-week shopping spree last year for about $44 million. Besides his son, the Presidents daughters Leyla and Arzu, also appeared as the owners of Dubai properties, bringing the total value of the children’s alleged property portfolio to $75 million.

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