Wealthy Russians look to sell U.S. real estate everywhere from Fisher Island to Billionaires' Row

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President Joe Biden had a crystal clear message for Russian oligarchs: We're coming for your assets.

"The United States Department of Justice is assembling a dedicated task force to go after the crimes of the Russian oligarchs. We're joining with European allies to find and seize their yachts, their luxury apartments, their private jets. We're coming for your ill-begotten gains," Biden said Wednesday during the State of the Union. Just hours after that speech, French authorities announced they had seized a yacht linked to Russian oligarch Igor Sechin.

But it isn't just Russian oligarchs who are on edge. Wealthy non-oligarch Russians are also fretting asset seizure. In the decades since the Soviet Union collapsed, rich Russians have poured gobs of money into American real estate. Now, they're worried they could get caught in the crossfire as the U.S. goes after Vladimir Putin's allies.

Dolly Lenz, one of the most sought-after luxury real estate brokers in America, tells Fortune she's getting inundated with inquiries from Russian clients who are considering selling their U.S. real estate holdings. Those luxury units—with a lot worth over $10 million—are in some of Miami and New York City's most exclusive neighborhoods, including Billionaires' Row in Manhattan.

https://www.msn.com/en-us/money/realestate/they-re-scared-wealthy-russians-look-to-sell-u-s-real-estate-everywhere-from-fisher-island-to-billionaires-row/ar-AAUBc1h