Initially announced in 2016 with an asking price rumored to reach one billion euros, this historic estate in Saint-Jean-Cap-Ferrat—often referred to as the “billionaires’ peninsula”—was at the time described as the most expensive property in the world. It ultimately lost this title when it was put up for sale by the Italian group and sold for a significantly lower amount than initially reported by the French press.

This immense residence, nestled in the heart of a vast park planted with majestic pines, has long fueled speculation regarding its true sale price. While Nice-Matin estimated its value at €1 billion, Le Figaro suggested a range between €300 and €500 million, and Bloomberg reported €350 million, Campari chose not to comment on these figures and remained discreet about the official transaction amount.

The current owner of this 19th-century estate—widely regarded as the richest man in Ukraine—has a remarkably diverse profile. In addition to being a leading Ukrainian businessman, he is also a politician, economist, philanthropist, and president of the Shakhtar Donetsk football club. He is also the founder of System Capital Management JSC, Ukraine’s largest industrial conglomerate.

According to Akhmetov’s company, SCM Holdings Limited, the acquisition of one of France’s most legendary properties represents a long-term investment. It is not, however, his only prestigious holding: his real estate portfolio also includes an apartment in London’s exclusive One Hyde Park development.

To buy a villa in Saint-Jean-Cap-Ferrat, browse our selection.

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