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Mykonos Villa on Sale For Record-Breaking €50 Million

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A Mykonos villa owned by British tycoon Charles Worthington is looking to sell for a record-breaking 50 million euro. Credit: Dronepicr/Flickr CC BY 2.0

British celebrity hairstylist and business tycoon Charles Worthington is putting his Mykonos villa on the market for a record-breaking 50 million euro, ten years after buyng the property.

According to Bloomberg, the award-winning hairdresser, known for his A-list clientele, is looking to sell his eight-bedroom villa most likely to another foreign buyer, since the Greek island attracts wealthy fashionistas from all over the world.

The 1,600 sq.m. villa, which falls into the super prime property category, is expected to go on sale with Beauchamp Estates next week.

With the 50 million euro from the sale, Worthington is reportedly planning to buy a plot on Mykonos and build something completely new.

Charles Worthington’s incredible success story

The man who aspires to break the record for the highest property deal in Mykonos enjoyed a glorious career in hairdressing for 35 years, before he “hung up his scissors” in January 2023.

Charles Worthington, one of the most iconic names in British hairdressing, has styled the hair of numerous A-list celebrities, from Diana Ross to Kim Cattrall and Emma Stone, and is credited with having redefined the modern face of British hairdressing and customer experience in the salon.

His empire started from a salon in Charlotte Street in Chelsea, London, in 1987, launched on a budget of under 10,000 British pounds. Within a decade’s time, Worthington opened another three salons in London and one in New York.

He was the resident TV hair expert on Good Morning Britain and also launched a hugely successful product line with his partner, Alan Peters – which they sold to PZ Cussons for 55 mllion euro in 2004.

Greece a diverse international prime property market

A recent report by research network Knight Frank places Greece among Europe’s five most diverse international prime property markets – above the likes of Germany and Portugal.

This suggests that a wide pool of buyers could be interested in buying Worthington’s Mykonos home.

After all, Greece has recently seen a sharp surge in interest from overseas buyers using the country’s “golden visa” scheme, which offers 5-year residency in return for foreign investment.

Applicants for the scheme rose almost 300 percent in the first two months of 2023, according to real estate data firm Recognyte, and a further 75 percent in March, according to investment immigration and relocation provider Astons.  

The surge in applications has been attributed mainly to Greece doubling its investment threshold to €500,000 in certain areas of the country – including Mykonos – from July 31.

The increased threshold will also apply to properties in the center of Athens, the northern and southern suburbs of Attica, Thessaloniki, Halkidiki, and Santorini.

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