{"id":347592,"date":"2026-04-24T09:21:12","date_gmt":"2026-04-24T07:21:12","guid":{"rendered":"https:\/\/www.monaco-tribune.com\/2026\/04\/ukraines-richest-man-buys-e471m-monaco-apartment-in-record-breaking-deal\/"},"modified":"2026-04-24T09:21:16","modified_gmt":"2026-04-24T07:21:16","slug":"ukraines-richest-man-buys-e471m-monaco-apartment-in-record-breaking-deal","status":"publish","type":"post","link":"https:\/\/www.monaco-tribune.com\/en\/2026\/04\/ukraines-richest-man-buys-e471m-monaco-apartment-in-record-breaking-deal\/","title":{"rendered":"Ukraine\u2019s richest man buys \u20ac471M Monaco apartment in record-breaking deal"},"content":{"rendered":"\n<p><strong>Ukrainian businessman Rinat Akhmetov has purchased a five-storey apartment in the Le Renzo building in Mareterra for \u20ac471 million, making it the most expensive residential transaction ever recorded worldwide.<\/strong><\/p>\n\n<p>Ukraine\u2019s richest man has set his sights on an extraordinary property in one of Monaco\u2019s most expensive neighbourhoods. According to documents reviewed by Bloomberg Businessweek, Rinat Akhmetov\u2019s holding company, System Capital Management (SCM), has acquired a 21-room apartment spread over five floors in the Le Renzo building in Mareterra. The property covers approximately 2,500 m\u00b2, excluding balconies and terraces overlooking the Mediterranean, and includes a private swimming pool, a jacuzzi and at least eight parking spaces. The transaction, finalised in 2024 according to the Principality\u2019s land registry, is reported to be worth \u20ac471 million ($554 million).<\/p>\n\n<blockquote class=\"wp-embedded-content\" data-secret=\"l6ptguojfc\"><a href=\"https:\/\/www.monaco-tribune.com\/en\/2026\/03\/monaco-counts-two-billionaires-in-the-forbes-global-ranking\/\">Monaco counts two billionaires in the Forbes Global ranking<\/a><\/blockquote><iframe class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"&#8220;Monaco counts two billionaires in the Forbes Global ranking&#8221; &#8212; Monaco Tribune\" src=\"https:\/\/www.monaco-tribune.com\/en\/2026\/03\/monaco-counts-two-billionaires-in-the-forbes-global-ranking\/embed\/#?secret=sQHPz2K9Z6#?secret=l6ptguojfc\" data-secret=\"l6ptguojfc\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n\n<h2 class=\"wp-block-heading\" id=\"h-un-record-mondial-dans-le-quartier-le-plus-cher-de-monaco\">A world record in Monaco\u2019s most expensive neighbourhood<\/h2>\n\n<p>This figure is said to far exceed previous known records, notably the sale of property developer Nick Candy\u2019s London mansion for over $350 million and that of a New York penthouse purchased by hedge fund manager Ken Griffin for around $240 million.<\/p>\n\n<p>The Larvotto district, where Mareterra is located, has become the most expensive area in the Principality. <a href=\"https:\/\/www.monaco-tribune.com\/en\/2026\/02\/monaco-property-prices-larvotto-tops-e70000-per-m%c2%b2-for-the-first-time\/\">According to the latest IMSEE report published in February 2026<\/a>, the estimated price per square metre there has, for the first time, crossed the \u20ac70,000 threshold, reaching \u20ac71,167 in 2025, representing a 2.2% increase year-on-year. New developments in the 2020\u20132029 period there average \u20ac71,241 per square metre, with prices exceeding \u20ac100,000 per square metre for certain properties in Mareterra.<\/p>\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"447\" height=\"413\" src=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2026\/04\/rinat_akhmetov2013.jpg\" alt=\"\" class=\"wp-image-347401\" style=\"width:205px;height:auto\" srcset=\"https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2026\/04\/rinat_akhmetov2013.jpg 447w, https:\/\/www.monaco-tribune.com\/wp-content\/uploads\/2026\/04\/rinat_akhmetov2013-325x300.jpg 325w\" sizes=\"auto, (max-width: 447px) 100vw, 447px\" \/><figcaption class=\"wp-element-caption\">\u00a9 Football.ua<\/figcaption><\/figure>\n<\/div>\n<p>Rinat Akhmetov, president of the Ukrainian football club  Chakhtar Donetsk, whose fortune is estimated at over $7 billion by the Bloomberg Index, already owns Villa Les C\u00e8dres in Saint-Jean-Cap-Ferrat, acquired in 2019 for \u20ac200 million. The purchase agreement in Monaco was finalised shortly before the Russian invasion of Ukraine in February 2022, a conflict that subsequently had a significant impact on the energy assets of his industrial conglomerate.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ukrainian businessman Rinat Akhmetov has purchased a five-storey apartment in the Le Renzo building in Mareterra for \u20ac471 million, making [&hellip;]<\/p>\n","protected":false},"author":82,"featured_media":339600,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[247,1825,243],"tags":[3184],"post_sectags":[4583],"post_format":[2465],"class_list":["post-347592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-editors-choice","category-news","tag-real-estate-en","sectag-mareterra-en","format-in-brief"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.8 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ukraine\u2019s richest man buys \u20ac471M Monaco apartment in record-breaking deal<\/title>\n<meta name=\"description\" content=\"Ukrainian businessman Rinat Akhmetov has purchased a five-storey apartment in the Le Renzo building in Mareterra for \u20ac471 million, making it the most\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.monaco-tribune.com\/en\/2026\/04\/ukraines-richest-man-buys-e471m-monaco-apartment-in-record-breaking-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ukraine\u2019s richest man buys \u20ac471M Monaco apartment in record-breaking deal - Monaco Tribune\" \/>\n<meta property=\"og:description\" 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