African Billionaire Oil Tycoon Spends Almost £4Million On London Property Every Week "Photos"

Folorunsho Alakija, a billionaire oil tycoon and her family are taking their vast resources and investing them in the safe haven of London property with more than £600million spent in the capital in the past three years.

The wealthy buyers are typically spending between £15million and £25million on each home and are purchasing luxury properties.

Beauchamp Estates, which sells some of London's most expensive homes, said properties such as the one above are those favoured While African buyers only account for 1.5 per of transactions in the 'ultra prime' London market, they make up five per cent of sales by value - up from two per cent. This is by typically spending between £15million and £25million on each home.

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