Sun, Jul 05 2009

BRITISH MILLIONAIRE BUYS VILLAGE IN BULGARIA

Thu, Jun 08 2006 09:03 CET 270 Views

British millionaire Scott Alexander bought a village in the Bulgarian seaside which he plans to re-name after himself.

The rather 'extravagant' purchase cost Alexander three million pounds, The Independent reported. Alexander said that the 1 000 people living in the village were 'quite excited' despite the change in the name as they were 'keen on business and responsive to change'.

After the purchase Alexander plans to turn the village into a coastal resort especially for British tourists. He described the deal as 'a sound investment', taking into consideration the expected boom in real estate prices once Bulgaria joins the EU.

The resort project includes the construction of new apartments, a casino and a lifestyle centre. The rest of the land will be re-sold to other British investors.

Alexander was recently proclaimed Britain's vainest man. He has a 10 000 pound portrait of himself painted on one of the walls of his mansion. Alexander spent 55 000 pound on a new teeth set. Additional expenses include 15 000 pounds a month for clothes, 2 000 pounds for botox injections and 100 000 pounds for growth hormone a year.

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