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Monaco s octopus billionaire Patrice Pastor agrees to allow public access to iconic California cliff after buying $100M worth of properties in seaside hamlet where locals fear he wants to crush everyone

Property magnate Patrice Pastor has spent $100 million buying more than a dozen iconic homes and locations in the picturesque village of Carmel-by-the-Sea.

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Billionaire Patrice Pastor says he can t understand why locals in Carmel are so worried that he s snapped up $100M worth of seaside properties - as he makes clear: I LOVE the town!

Pastor has bought over a dozen properties in the small town of Carmel-by-the-Sea since 2015. Following reports that locals are terrified of his involvement he says he cannot understand why.

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Monaco Billionaire Buys A Dozen Properties In Tiny Carmel Village, Sets Off Alarm Bells

Monaco Billionaire Buys A Dozen Properties In Tiny Carmel Village, Sets Off Alarm Bells
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Billionaire buying up properties in Calif town speaks out

Monaco billionaire Patrice Pastor rushed to assure the residents of Carmel-by-the-Sea, Calif., that he loves the town and wants to protect its history. He was responding to reports that the locals were "terrified" by his real estate shopping spree.

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People are terrified : Monaco real estate billionaire Patrice Pastor buys another historic building in California hamlet where locals fear they are handing over town to one person who wants to crush everyone

Pastor owns over a dozen properties with one anonymous third-generation Carmel resident telling SFGate people are terrified that they are handing over our town to one person

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