OCCRP made its final update to the Russian Asset Tracker on August 4, 2022
Mansion/House
Updated 21st Mar 2022
Sutton Place Estate
Value $40,500,000
Location Surrey, England
Owner information
  • In its sanctions notice for Usmanov, the U.K. goverment described the estate as owned by him.
  • However, doubts have been raised as to whether he owns it directly. A recent investigation by the Financial Times could not make the connection to him through corporate records.
  • The property is owned by two Cyprus companies, Bacerius Investments and Delesius Investments. Both of these, in turn, are owned by a trustee service called Ledra Trustee Services.
  • The paper trail ends there. But in an emailed reply to reporters’ questions, a representative of Usmanov said that his U.K. properties had “long ago been transferred into an irrevocable trust,” the beneficiary rights to which had been “donated” to his family.
Notes

A 16th-century Tudor manor house, listed as a Grade I historic building and owned in the 20th century by a succession of wealthy men who used it to display their art collections.

Credit: Michael Ford (CC BY-SA 2.0)