Ukrainian billionaire Rinat Akhmetov reportedly purchases Mareterra residence for €471 million
Property records suggest Ukraine's wealthiest individual has acquired a major residence in Monaco's newest district for a figure that could rank among the world's costliest property deals.
Property documentation indicates that Rinat Akhmetov, Ukraine's most affluent businessman, has secured a significant residential property in Monaco's Mareterra development for approximately €471 million. The transaction, if confirmed, would position this purchase among the highest-value residential acquisitions recorded worldwide.
The Mareterra district represents Monaco's latest expansion into the Mediterranean, featuring luxury residences on reclaimed land. This cutting-edge development has attracted considerable attention from ultra-high-net-worth individuals seeking prime real estate in the Principality.
Akhmetov, who built his fortune primarily through steel and mining operations, joins the ranks of international billionaires who have invested substantially in Monaco's property market. The scale of this reported transaction underscores the continued appeal of Monaco's real estate sector among the world's wealthiest individuals, despite global economic uncertainties.