Russian-Jewish billionaire to build U.K.'s priciest mansion

Russian-Jewish billionaire Roman Abramovich is planning on building a mansion worth an estimated 150 million pounds ($298 million), British media reported on Monday.

Abramovich reportedly presented a building permit request to the Kensington and Chelsea council Monday for approval for the house, which will be the most value private residence ever in the United Kingdom when finished.

The house will reportedly include eight bedrooms and will include the renovation of two buildings in the Lowndes Square area of Knightsbridge in London. The two buildings are currently split into nine separate apartment residences that Abramovich bought individually.

Abramowitz, the second richest person in Britain and the owner of the Chelsea football club, is worth an estimated 11.7 billion pounds.

The mansion will join Abramovich already impressive collection of houses, including his other homes in London and Moscow and his summer homes in southern France, Tuscany, and Montenegro.

Russian media outlets have speculated that Abramovich real estate plans show he is planning to make London his permanent base of operations.

The mansion will also reportedly conclude a private movie theater, an indoor pool, a sauna and an entertainment room. It is expected to be eight floors, three of them underground