A Miami estate previously occupied by Madonna — now included in a trust that has a German Shepherd beneficiary — has been sold.
The German Shepherd, named Gunther VI, inherited the nine-bedroom, eight-and-a-half-bath private estate that sits on a 51,000-square-foot lot with 100 feet of water frontage, originally priced at $31.75 million. According to PeopleIt was purchased for $29 Million.
The dog’s inheritance comes from Karlotta Leibenstein, the late German countess who died in 1992.
According to reportsLeibenstein didn’t have any close relatives so she bequeathed her $80million fortune to Gunther III.
Gunther VI is the current “owner,”Gunther III was his grandfather’s heir and he inherited his fortune and the Miami property.
Most pets leave an inheritance to their pet owners. The money is placed in a trust where a human trustee is named to decide how the money is spent. A caretaker is also appointed to care for the pet.
Gunther’s financial affairs are managed by The Gunther Corporation. It was established and designed to provide care for the pup.
According to the publication, the estate managers invested $500 million in villas and mansions all over the world. Ruthie Assouline from the Assouline Team at Compass was asked to manage the Miami property.
“We have sold countless multimillion-dollar homes but this one is definitely a first,” Ruthie told People.
“When the handlers initially told me a dog owned the property, I didn’t believe it.”
The managers also own other businesses on Gunther’s behalf, have put money into scientific research, and founded Gunther Rescue to help animals in need, according to People.