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Ukraine Billionaire Emerges as Buyer of $220 Million French Home

  • Akhmetov founded Ukraine’s largest industrial conglomerate
  • 14-bedroom estate spreads across 35 acres on French Riviera
The Villa Les Cedres in Saint-Jean-Cap-Ferrat, France.
The Villa Les Cedres in Saint-Jean-Cap-Ferrat, France.Photographer: Marlene Awaad/Bloomberg

Rinat Akhmetov, Ukraine’s richest man, has emerged as the buyer of the historic Villa Les Cedres in the south of France.

The sprawling estate on the French Riviera is a “long-term investment”, according to a statement from Akhmetov’s SCM Holdings Limited. Davide Campari-Milano SpA agreed to sell the property last year for 200 million euros, or about $220 million at the time, the company said in August, without naming the buyer.