Ukraine's richest man just paid $550,000,000 for a Monaco apartment where a single square meter costs more than a Bentley SUV
Published on Apr 24, 2026 at 8:33 PM (UTC+4)
by Henry Kelsall
Last updated on Apr 24, 2026 at 8:33 PM (UTC+4)
Edited by
Emma Matthews
Ukraine’s richest man has just splurged more money than is imaginable by paying well over $500 million for a Monaco apartment overlooking the fabled Monaco Grand Prix F1 circuit.
Rinat Akhmetov has bought the Monaco apartment, and it is often referred to as the crown jewel of the Mareterra district in the principality.
With a net worth of around $7 billion, it’s no surprise that Akhmetov is able to afford such a luxurious and prestigious property in such an incredible location.
As you might expect, too, this Grand Prix apartment has all the luxury you would hope for from a city like Monaco.
How much did Ukraine’s richest man pay?
Akhmetov reportedly paid at least $550 million for this incredible apartment.
But this is far more than just your regular apartment, luxurious or otherwise.
The property is spread across 21 rooms and 2,500 square meters.
If the size doesn’t grab you, then the features will definitely take your breath away.
A private swimming pool, jacuzzi, and eight parking spots are just some of the highlights.
If being in Monaco itself wasn’t enough, then the fact that it is located right on the waterfront makes it even better.
Astonishingly, a single square meter of the property costs $221,000, and is worth more than a Bentley Bentayga SUV.
Even by Monaco standards, this location is out-of-this-world luxury.
The property overlooks the Monaco F1 circuit
Some of the terraces within the apartment also happen to overlook the Formula 1 circuit.
Monaco has hosted motorsport events since the 1929 Grand Prix.
It was added to the Formula 1 calendar when the series officially commenced in 1950.
This race remains the crown jewel on the F1 calendar, and it likely always will be.
Three-time Formula 1 world champion Ayrton Senna won the most races here, with six victories.
Two-time world champion Graham Hill also achieved tremendous success, winning the event five times.
Mareterra in Monaco, where Akhmetov’s apartment is located, is a relatively new location.
Akhmetov will have an incredible view of the Portier corner on the circuit, plus the entrance to the tunnel.
If you wanted to buy an expensive apartment, then Ukraine’s richest man may as well get one with a great view.
Monaco Grand Prix timeline
1929: Antony Noghès organized the inaugural street race, won by William Grover-Williams in a Bugatti
1950: Juan Manuel Fangio won as the circuit joined the very first Formula One World Championship season
1955: The event returned to the F1 calendar permanently after a brief hiatus
1960s: Graham Hill earned a legendary nickname by mastering the tight corners well enough to win five times
1984: Rookie Ayrton Senna starred in a dramatic, controversially shortened wet race
1993: Senna set a record with his sixth and final victory at the track
1996: Olivier Panis took a shock victory in a chaotic, wet race where only three cars finished
2001: Michael Schumacher secured his fifth win, tying Graham Hill’s impressive tally
2020: The global pandemic forced the first cancellation of the event since 1954
2024: Charles Leclerc became the first native driver to win the modern World Championship iteration
Henry joined the Supercar Blondie team in February 2025, and since then has covered a wide array of topics ranging from EVs, American barn finds, and the odd Cold War jet. He’s combined his passion for cars with his keen interest in motorsport and his side hustle as a volunteer steam locomotive fireman at a heritage steam railway.
