US EditionUkraine's Richest Man Buys Luxury Apartment in Monaco for $550 Million
System Capital Management confirmed the acquisition of a 2,500-square-meter residence with 21 rooms and a private pool, according to Bloomberg Businessweek.
- Ukrainian billionaire Rinat Akhmetov purchased a five-floor luxury residence in Monaco's Mareterra district for 471 million euros , marking the largest single home sale in history according to Bloomberg.
- Property records and leaked emails indicate Akhmetov signed the purchase agreement shortly before Russia's 2022 invasion of Ukraine, though the deal was finalized in 2024.
- The residence spans about 2,500 square meters, featuring 21 rooms, a private swimming pool, and at least eight parking spaces; System Capital Management confirmed an investment in the Le Renzo building.
- Akhmetov, whose net worth exceeds $7 billion according to the Bloomberg Billionaires Index, previously acquired the Villa Les Cèdres in France for 200 million euros in 2019 and owns FC Shakhtar Donetsk.
- Monaco remains an exclusive real estate market, with Mareterra properties selling for over 100,000 euros per square meter, a resilience Savills analysts attribute to structural scarcity and sustained international demand.
54 Articles
54 Articles
A deal that makes a stir even in the exclusive Monaco: Ukrainian billionaire Rinat Achmetow has secured a luxury apartment there for colported 471 million euros – and could have made the most expensive real estate purchase in history. According to researches "Bloomberg" the purchase is one of the most expensive residential property transactions ever registered worldwide. The property is located in the new noble district of Mareterra, which was b…
Ukraine’s Richest Man Bought Monaco Flat for Record $550 Million
Billionaire Rinat Akhmetov, Ukraine’s richest man, bought a vast, five-floor luxury apartment in Monaco’s most prestigious new development for an eye-popping €471 million ($554 million), making it one of the biggest single home transactions in history.
The most expensive apartment in the world is located in Monaco, in a new area built on the sea to extend the area of the country. It is located in the residence Le Renzo. Its exact location is unknown. The size of the property is out of standard: 2,500 square meters on five floors with 21 bedrooms, eight parking spaces and a private swimming pool. The buyer is Rinat Akhmetov, 59 years old and the richest man in Ukraine. He paid precisely 471 mil…
417 million euros: Never before has a person spent so much money on buying an apartment: now there are insights into the most expensive apartment in the world.
Rinat Akhmetov is said to have made the most expensive residential purchase ever recorded in the world in Monaco for 471 million euros.
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