One of the top 10 richest people in the United States and the former Mayor of New York City has invested in a mansion in the British capital. Michael Bloomberg has purchased a historic mansion in the upmarket neighborhood of Chelsea for $25 million.Shelling out $1.6 million over the asking price to buy the home, the billionaire made sure the hot property which overlooks the River Thames gets his name.Located close to his other London home in Cadogan Square area of Knightsbridge, the opulent seven-bedroom property was built in 1715. Bloomberg’s new baroque-style London pad boasts nearly 6,300 square feet, a large central staircase, and a painted ceiling by James Thornhill featuring Venus rising out of the sea. It is also home to seven bedrooms, a private entry road, a lift and five vaults for storage. This exquisite property is steeped in history and well documented as one of the oldest houses in Chelsea. The house offers flexible and generous accommodation extending with a stunning 92 feet garden and garage for two or three cars, with access through a gate to the rear of the garden.Nestled in one of London’s wealthiest streets, it was once home to English writer George Eliot and has icons like James Whistler, J. M. W. Turner and Mick Jagger living in the neighborhood.Bloomberg has close ties to the U.K., and received an honorary knighthood in 2014 from Queen Elizabeth II in recognition of his business and philanthropic work.