Ukrainian billionaire breaks world property record with €471m Monaco penthouse purchase
Rinat Akhmetov has acquired a 2,500 sqm apartment in Monaco's Mareterra district for €471 million, setting a new global record for residential property sales.
Ukraine's wealthiest individual, Rinat Akhmetov, has shattered all previous property records by purchasing a spectacular 2,500 square metre apartment in Monaco for €471 million.
The extraordinary acquisition took place in Mareterra, the Principality's newest luxury district built on reclaimed land from the Mediterranean. This groundbreaking sale now holds the distinction of being the most expensive residential property transaction in global history.
The purchase underscores Monaco's enduring appeal as the ultimate destination for ultra-high-net-worth individuals seeking prime real estate. Mareterra represents the Principality's most ambitious development project, extending Monaco's coastline and creating exclusive waterfront living spaces that command unprecedented prices.
This record-breaking transaction highlights the continued strength of Monaco's luxury property market, where the combination of tax advantages, security, and prestige continues to attract the world's wealthiest buyers despite global economic uncertainties.