Information about the transaction came to light thanks to an analysis of real estate registers and a data leak from the Distributed Denial of Secrets organization, which was obtained by Bloomberg.
Read also: The National Bank of Poland is buying record amounts of gold. President Adam Glapiński about the purchases of precious metal
This is probably the most expensive single apartment transaction ever recorded. This amount breaks previous records, such as the sale of a residence in London for USD 350 million. or a New York penthouse for $240 million.
A palace suspended over the Mediterranean Sea
The property is located in the flagship building “Le Renzo”, located in the newly created district of Mareterra – an area wrested from the sea, which was inaugurated in 2024 by Prince Albert II.
Apartment with an area of approx 2.5 thousand square meters (not including terraces and balconies) offers:
- 21 rooms overlooking the waterfront,
- private swimming pool and jacuzzi,
- at least eight parking spaces.
Akhmetov's holding company, System Capital Management (SCM), confirmed the investment, although it declined to provide details about the price. In an official statement, the company noted: “SCM's international investment portfolio has included a stand-alone premium real estate portfolio for over ten years, which has been publicly announced many times. Among its assets is the 'Le Renzo' project, in which we invested on the primary market in 2021.”.
Read also: Taxes up from 2027. This is the result of the PIT project. It will affect many Poles
Empire in the shadow of war
The moment of concluding the preliminary agreements (just before the Russian invasion in 2022) contrasts with the later fate of Akhmetov's business empire. The war brought massive destruction to its energy and metallurgical assets in Ukraine. Despite this, the businessman's fortune is estimated by the Bloomberg Billionaires Index at over $7 billion.
Monaco has been the most expensive real estate market in the world for years, and prices in the new Larvotto district exceed the symbolic PLN 100,000. euro per square meter. As Savills experts note, this market is characterized by “structural shortage and unwavering international demand”.
Collector of luxury addresses
A purchase in “Le Renzo” is not the only spectacular address in the wallet of the richest Ukrainian. Akhmetov has been investing capital in the most prestigious locations in the world for years.
In 2019, he bought the historic Villa Les Cèdres on the French Riviera, which once belonged to King Leopold II of Belgium, for EUR 200 million. In turn, in 2011, he purchased a penthouse in the famous One Hyde Park complex in London.
The new investment in Monaco confirms that despite the geopolitical turmoil and losses in the industrial sector in Ukraine, the SCM holding continues its strategy of capital diversification in the segment of the most elite real estate in the world.
