British billionaire slashes the price of his London mansion by $13 million, saying the rich are fleeing the UK. See inside the storied property.

“Interest rates are high — they’re coming down but not much,” Sullivan said.

“I also think what the government is doing to the non-doms isn’t very nice, and a lot of rich people are leaving the country as a result of what they anticipate in the budget. Three or four of my friends already have gone to Monaco or Dubai,” he added.

According to Knight Frank, the 21,000-square-foot house at 33 Portland Place was built in 1775. It features 10 bedrooms, 10 bathrooms, a swimming pool, a wine cellar, a cinema room, a sauna, and a “sky lounge.”

One of the property’s former owners, Edward Davenport, was convicted of a multimillion-pound fraud in 2011. He was released in 2014 after he was granted clemency on the grounds of ill health, the Guardian reported.

Davenport’s website shows photos of him posing with various celebrities, from Paris Hilton to Daniel Radcliffe. One photo also shows him with Sullivan.

Davenport purchased the house from the Sierra Leone High Commission in 1999.

Who is David Sullivan?

Sullivan is worth about £1.2 billion (roughly $1.6 billion), according to The Sunday Times Rich List.

The 75-year-old first made his money in the adult entertainment industry before moving into media, owning the Daily Sport and Sunday Sport newspapers.

Speaking to The Times of London about his career in 2006, Sullivan said: “I always had a burning desire to be fabulously rich because I came from a fabulously poor background.”

“I am not embarrassed by what I have done,” he added. “I am not one of those people who tells the neighbours I’m in the print business. I’m in the adult entertainment industry and I have met some lovely girls and made a lot of money. I have given an awful lot of people a lot of pleasure and I have never hurt anyone.”