Russian Billionaire Abramovich Buys $36.3 Million Colorado Ranch

08/14/2008 06:16 pm ET | Updated May 25, 2011
  • Sara Lin Wall Street Journal

Russian oil magnate Roman Abramovich has bought the Colorado ranch of surgical-equipment tycoon Leon Hirsch for $36.3 million. Together with another house purchased for $11.8 million in February, this brings Mr. Abramovich's known real-estate investments in the area to almost $50 million.

The latest purchase is of a 14,300-square-foot, split-level house in Snowmass, near Aspen, set on 200 acres. It has 11 bedrooms, 12 baths, a media room, a climate-controlled wine room with a tasting area, a hot tub and a spa.

Mr. Hirsch, founder of United States Surgical Corp., paid $5.4 million for the property in 1999 and built the custom home five years later. The house was designed by New York architect Bart Voorsanger, whose résumé includes the redesign of New York's Asia Society museum, and comes with floor-to-ceiling windows and custom furniture, including a chair made of leather and mink. The house had been on and off the market since 2005 and most recently was listed for $37.5 million.

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