Thu. Jun 13th, 2024

Ukrainian oligarch Rinat Akhmetov bought luxury property in London for $122 million

Rinat Akhmetov, property in London
Rinat Akhmetov Ukrainian oligarch

Ukrainian entrepreneur Rinat Akhmetov has procured a high-end property in the heart of London valued at $122 million. For the acquisition, he employed the services of an offshore company registered in the British Virgin Islands.

In the summer of 2021, Akhmetov formally agreed to acquire a luxurious two-story penthouse in central London. The property is located on the grounds of the historic Chelsea military barracks, which represents the most affluent area in London’s center. The transaction was orchestrated through Gelion Properties Ltd. A firm specialized in the sale of upscale real estate. Subsequent investigations revealed Rinat Akhmetov as the beneficial owner of Gelion Properties Ltd.

What is more, investigators assert that Akhmetov chose Gelion Properties Ltd as the intermediary to maintain absolute confidentiality in the penthouse purchase process. This strategy aimed to circumvent the need to disclose Akhmetov’s identity in the corresponding British public property registry.

Nevertheless, efforts to conceal such acquisitions may draw increased scrutiny to the mechanisms involved in facilitating this “scheme.”


Who is Rinat Akhmetov

Firstly, Rinat Akhmetov is a Ukrainian businessman, billionaire, banker, economist, and politician of Tatar descent. Additionally, he served as a member of the Ukrainian Parliament and is currently the wealthiest person in Ukraine.

Secondly, Rinat Akhmetov has solidified his position as a prominent figure in Ukrainian business and politics. With a Tatar background, Akhmetov boasts a remarkable success story, having built a lucrative empire as a billionaire, banker, and economist. In fact, his entrepreneurial prowess has earned him both immense wealth and the esteemed role of president at FC “Shakhtar” football club. Also, Akhmetov’s net worth is estimated at a staggering 6.6 billion dollars, representing a 43% decrease from 2022.

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