Monaco's Mareterra district made $3 billion profit in six months with Kazakh billionaire Bulat Utemuratov among investors
Billionaires Africa | 02.09.2026 20:20
Monaco's newest neighborhood has delivered one of the most profitable real estate outcomes in history. Mareterra, a 6-hectare luxury district built on reclaimed land along the Mediterranean Sea, generated $3 billion in net profit for its investors within six months of completion, according to Forbes Australia, which cited financial filings from one of the project's backers.
