In case you didn’t already know, Madonna has too much fucking money. This fact would probably help explain why she just purchased her sixth home in London. Madge reportedly plunked down $12 million for her latest piece of property: a ten-bedroom Georgian townhouse next door to her current 8-bedroom residence in the Marylebone neighborhood.

Sources claimed Madge actually intends to eventually purchase every piece of property on the street.

Madonna and British film director Guy Ritchie bought their latest home from designer-developer Paul Davies, who made headlines recently by asking a record £40,000 a week in rent for one of his Mayfair properties.

The couple paid almost twice the £3.1million Mr Davies spent when he bought the property in August last year, even though he has not refurbished it.

The house has six floors and includes a vaulted artist’s studio which adjoins the garden wall of the family’s main home.

A source said: “Madonna has been a very shrewd investor in property - this is her fourth in the area. She knows the prices are significantly lower than in Mayfair but that the area is coming up. She has said she’d like to buy the whole street.

“She was really keen to get her hands on this house because she knows once Paul Davies starts developing properties an area can skyrocket in price. She was calling him for eight months and her initial offers were rejected, but after a series of meetings he agreed to sell.”

Madonna’s staff occupy two of her other London homes, while another two homes in central London are investment properties.

This entry was posted on Monday, June 25th, 2007 at 3:01 pm and is filed under Madonna. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.