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Times of India·4 min read·medium

Kazakh prince bought one of New Jersey’s priciest homes for just $10

T
TOI REAL ESTATE DESK
Kazakh prince bought one of New Jersey’s priciest homes for just $10
✦AI Summary

A luxury mansion in Alpine, New Jersey, was transferred to Daniyar Kessikbayev for a symbolic price of $10, despite being valued at over $35 million. The transaction has drawn scrutiny due to Kessikbayev's connections to international political figures involved in corruption scandals.

Why it matters

The deal highlights the use of shell companies and symbolic real estate transfers by politically connected individuals to obscure asset ownership.

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A luxury mansion in one of New Jersey's wealthiest neighbourhoods has become the center of international attention after reportedly changing hands for just $10. According to an exclusive report by the New York Post, the sprawling Alpine estate was transferred to Daniyar Kessikbayev, often referred to as a Kazakh "prince" because of his links to Kazakhstan's former ruling elite. Although the transaction took place in 2025, renewed scrutiny over the property's ownership and its political connections has brought the unusual deal back into the spotlight. A mansion worth millions sold for just $10The property at 2 Margo Way in Alpine, New Jersey, is far from an ordinary home. Spread across more than 3.1 acres, the estate features around 17,150 square feet of living space with nine bedrooms and an impressive list of luxury amenities.

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