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Close World Africa Americas Asia Australia China Europe India Middle East United Kingdom More Africa Americas Asia Australia China Europe India Middle East United Kingdom Watch Listen Live TV Subscribe Sign in My Account * Settings * Newsletters * Topics you follow * Sign out Your CNN account Sign in to your CNN account Sign in My Account * Settings Your CNN account Sign in to your CNN account ------------------------------------------------------------------------------ Live TV Listen Watch ------------------------------------------------------------------------------ Edition US International Arabic Español Edition * US * International * Arabic * Español ------------------------------------------------------------------------------ Africa Americas Asia Australia China Europe India Middle East United Kingdom ------------------------------------------------------------------------------ Follow CNN Download the CNN App ------------------------------------------------------------------------------ * World * Africa * Americas * Asia * Australia * China * Europe * India * Middle East * United Kingdom * US Politics * CNN Polls * Redistricting Tracker * Epstein Files * Business * Tech * Media * Calculators * Videos * Markets * Pre-markets * After-Hours * Fear & Greed * Investing * CNN Heroes * Watch * Live TV * Featured * CNN Fast * Shows A-Z * CNN 10 * CNN TV Schedule * Listen * All There Is with Anderson Cooper * Chasing Life with Dr. Sanjay Gupta * The Assignment with Audie Cornish * Terms of Service with Clare Duffy * CNN 5 Things * All CNN Podcasts * Games * Daily Crossword * Jumble Crossword * Photo Shuffle * Sudoblock * Sudoku * 5 Things Quiz * About CNN * Photos * Investigations * CNN Profiles * CNN Leadership * CNN Newsletters * Work for CNN ------------------------------------------------------------------------------ Download the CNN App World 3 min read Who is the Ukrainian tycoon at the center of mysterious Monaco bombing? ======================================================================= By Ivana KottasováIvana KottasováUpdated Jul 1, 2026, 8:13 AM ET Published Jul 1, 2026, 6:10 AM ETUpdated Jul 1, 2026, 8:13 AM ETPUBLISHED Jul 1, 2026, 6:10 AM ET File of Ukrainian tycoon Vadym Yermolaiev walking in MonacoVideo Ad FeedbackFile of Ukrainian tycoon Vadym Yermolaiev walking in Monaco 0:13 • Source: CNN File of Ukrainian tycoon Vadym Yermolaiev walking in MonacoFile of Ukrainian tycoon Vadym Yermolaiev walking in Monaco 0:13 War in Ukraine See all topics Facebook Tweet Email Link Threads Link Copied! Follow The motive behind Monday’s bombing attack against a Ukrainian-born millionaire in Monaco remains shrouded in mystery as residents of the super wealthy but CNN’s French affiliate BFMTV reported that Vadym Yermolaiev was the target of the bombing on Monday evening and was injured by the blast. Yermolaiev made his fortune in the south-eastern Ukrainian city of Dnipro during the wild post-soviet years. He was mostly focused on real estate and was, at one point, ranked among the richest Ukrainians. Before the war, Dnipro has had the reputation of a flashy capital of wealth and luxury, where the difference between local authorities and criminal elements wasn’t always clear cut. The city is also known for its thriving Jewish community, of which Yermolaiev was a prominent and active member. Yermolaiev has left his home country and renounced his Ukrainian citizenship in 2019. According to publicly available documents, the 58-year old is now a citizen of Cyprus, although he was a resident of Monaco. Vadym Yermolaiev.Vadym Yermolaiev.Obtained by CNN Local authorities refused to name the victims publicly, only saying that the adult male victim was a resident of Monaco since at least 2021. However, the Ukrainian Foreign Ministry said in a statement that “according to local emergency services” the three people who were injured in the blast were members of “a family of Ukrainian origin.” Yermolaiev and two others – a woman and a child – were critically injured by a ... city-state in shock. Monaco’s Minister of State Christophe Mirmand said in a statement that an attack of this kind has never happened there before. The identity of the woman and the child remains unknown. Yermolaiev’s wife spoke to Ukrainian public broadcaster Suspilne on Tuesday, saying she was not ... Members of a bomb disposal team at the scene of an alleged attack involving an explosive device in the lobby of a residential building in Monaco on Tuesday, June 30.Members of a bomb disposal team at the scene of an alleged attack involving an explosive device in the lobby of a residential building in Monaco on Tuesday, June 30.Valery Hache/AFP/Getty Images ... Monaco, crime is virtually non-existent, the right to privacy is revered and the tax regime extremely generous. The Ukrainian version of the Forbes magazine quoted Yermolaiev as saying he renounced his Ukrainian citizenship because he wanted “international ... “The Ukrainian judicial system, to put it mildly, is not perfect, and the tax system is not objective,” he was quoted by Forbes as saying. An investigator examines the scene at the residential building where an explosive device seriously injured three people.An investigator examines the scene at the residential building where an explosive ... His son is a convicted fraudster -------------------------------- The motive of the attempted assassination remains unclear. Yermolaiev does not have any obvious links to the war in Ukraine. He has been sanctioned by Kyiv in ... he denied in an interview with Ukrainian media. However, Yermolaiev’s son Artur Yermolayev is a known figure in the Ukrainian criminal scene. convicted of fraud in April According to court documents, Artur Yermolayev pled guilty to creating and running a phone scam scheme which, under the guise of fake investment opportunities, stole some 100 million euros ($114 million) from victims from multiple European countries between 2019 and 2022. In Estonia alone, Yermolayev and his associates robbed people of 5.4 million euros ($6.16 million) He was sentenced to five years in prison, but reached a deal under which he was deported from Estonia after serving just four months of the sentence. He paid a fine of 8.5 million euros and costs associated with his extradition to Estonia. According to Estonian media, he was deported to Israel. CNN’s Lex Harvey, Stephanie Halasz, Victoria Butenko, Elina Baudier Kim and Kosta Gak contributed to this report. War in Ukraine See all topics Facebook Tweet Email Link Threads Link Copied! 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