Porsche heir selling historic villa amid 'super-rich bashing'

Wolfgang Porsche, chairman of the supervisory board of Porsche AG, is selling his prominent and historic villa, the "Paschingerschlössl," located on Salzburg's Kapuzinerberg. The property, which once served as the residence of writer Stefan Zweig, is now on the market for $14.6 million (12.7 million euros).

The decision to sell comes after Porsche faced significant public backlash and protests from local residents and environmental groups regarding his plans to build a 500-meter private tunnel and underground garage for the villa. Despite the controversy, Porsche had received the necessary permits from local authorities for the construction in late 2025.

According to reports, Porsche attributes his decision to sell to what is described as "super-rich bashing." The villa, boasting 616 square meters of living space and over 7,800 square meters of garden, is already listed on the luxury real estate platform "Le Figaro Properties."