Ukrainian Billionaire Buyer of €200M French Riviera Villa Les Cèdres (PHOTOS)

Ukrainian Billionaire Buyer of €200M French Riviera Villa Les Cèdres

French Riviera

A Ukrainian billionaire has snapped up one of the world’s most expensive residential offerings for a record setting €200 million. The buyer, billionaire Rinat Akhmetov, purchased the historic Villa Les Cèdres through his holding company SCM Holdings Limited as a long-term investment. Mansion Global reported that the 200-year-old mansion was sold to SCM Holdings Limited by beverage company, Campari Group. “Campari acquired Villa Les Cèdres in 2016 when it bought Société des Produits Marnier Lapostolle, the maker of the orange liqueur Grand Marnier,” Mansion Global previously reported. The 18,000 square foot mansion had been in the Marnier-Lapostalle family since the early-1920s. The property comes complete with 14 bedrooms, ornate chandeliers, a ballroom and botanical gardens. It was previously described as ‘The most expensive home on Earth’ when it hit the market two years ago for €350 million. This isn’t the first extravagant real estate purchase in Akhmetov’s portfolio. He paid a record €161 million in 2011 for a combining two floors of an apartment in the One Hyde Park development in Knightsbridge. The Guardian reported that an additional €71 million would be spent finishing the unit. Rinat Akhmetov has a net worth of $6.5 billion USD and is ranked among the wealthiest men in Ukraine.

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