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Former Ukrainian parliament member and billionaire Rinat Akhmetov has become the owner of a luxury apartment in Monaco, paying a record $554 million for it.

Oxu.Az reports that Bloomberg reported this, citing documents confirming the transaction, including extracts from the local real estate registry.

The agency notes that Akhmetov’s purchase is among the largest real estate transactions in history. According to the documents, the luxury property will be transferred to the Ukrainian businessman in 2024.

The apartment is located in the prestigious Le Renzo residential complex, occupies five floors with a total area of ​​2,500 square meters and includes 21 rooms. It features a private pool, a jacuzzi, several balconies, and terraces overlooking the Mediterranean Sea.

The purchase price also includes eight parking spaces. Rinat Akhmetov is considered the richest citizen of Ukraine. In March, he joined the Forbes list of dollar billionaires with a net worth of $7.8 billion.

In addition to Akhmetov, the list includes businessman Viktor Pinchuk ($2.8 billion), co-founder of the fintech company Revolut Vlad Yatsenko ($2.2 billion), former Ukrainian President Petro Poroshenko with a net worth of $1.5 billion, founder of the agricultural holding Kernel Andriy Verevskyi ($1.2 billion), and Vadym Novinsky and Konstantin Zhevago, who left Ukraine. According to Forbes, the net worth of most of them has decreased over the past year.

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