| Name: | FLORENTIA |
| Length: | 52m (171ft) |
| Guests: | 12 |
| Crew: | 11 |
| Builder: | Rossinavi |
| Designer: | Studio Vafiadis |
| Interior Designer: | A++ – Carlo Colombo Architect |
| Year: | 2020 |
| Engines: | Caterpillar |
| Speed: | 17 |
| Volume: | 810 tons |
| IMO: | 9842841 |
| Price: | $40,000,000 |
| Owner: | Vadim Ermolaev |
The FLORENTIA yacht is a 52-meter motor yacht built by the Italian shipyard Rossinavi. She was delivered in 2020 and is considered one of Rossinavi’s elegant full-displacement superyachts, combining classic Italian styling with modern yacht design.
FLORENTIA was designed with exterior lines by Studio Vafiadis, interiors by A++ Carlo Colombo, and naval architecture by Arrabito Naval Architects. She has a steel hull and aluminium superstructure, giving her the volume and stability expected from a long-range displacement yacht. Public yacht listings state that she has a gross tonnage of 810 GT, a beam of approximately 10.35 meters, and accommodation for 12 guests in 6 cabins, supported by a crew of around 11.
FLORENTIA is powered by twin Caterpillar engines and has a reported cruising speed of around 13 to 13.5 knots, with a maximum speed of approximately 17 knots. Her reported range is around 3,500 nautical miles, making her suitable for extended Mediterranean cruising as well as longer passages.
The yacht’s design brief was reportedly focused on creating a timeless and elegant yacht, blending classic features with contemporary details. Her interiors are known for warm tones, refined materials, and a residential atmosphere. FLORENTIA has also been recognized in international yacht-design awards, including recognition for her main salon and master suite.
The yacht FLORENTIA has been linked in recent Italian media reporting to businessman Vadim Ermolaev, also known as Vadym Yermolaiev. Following the June 2026 incident in Monaco, Italian authorities reportedly inspected a 52-meter yacht moored at Cala del Forte in Ventimiglia, near the French-Italian border. The vessel was described as flying the Cayman Islands flag and as being registered to a company connected to Ermolaev.
Based on these reports, including a photo of the yacht and further identification, the yacht is believed to be FLORENTIA.
Vadim Ermolaev is a Ukrainian-born businessman and investor associated with Alef Group and real estate development in Dnipro, Ukraine. He is reported to have obtained Cypriot nationality and to have been resident in Monaco in recent years.
In December 2023, Ukraine imposed sanctions on Ermolaev. Media reports have linked the sanctions to alleged business activity connected to Russian-occupied Crimea. Ermolaev has denied collaborating with Russia and has stated that the assets involved were ultimately seized by Russian forces.
FLORENTIA has been offered for sale on the brokerage market. Recent listings show an asking price of €34.9 million. Fraser describes the yacht as a fully custom 52-meter Rossinavi built in 2020, with accommodation for 12 guests and 11 crew.
With her Italian build, large interior volume, award-winning design features and reported connection to Vadim Ermolaev, FLORENTIA is a notable yacht in the 50-meter superyacht segment.
Rossinavi is a luxury yacht builder based in Viareggio, Italy. The company was founded in 2008 and specializes in building custom-made sailing and motor yachts, with sizes ranging from 30 to over 50 meters in length. Rossinavi yachts are known for their high-quality craftsmanship, attention to detail, and use of advanced technologyNotable projects include the yacht POLESTAR, Flying Dagger, and ENDEAVOUR 2.
Studio Vafiadis is a yacht design studio founded by Giorgio Vafiadis, a renowned yacht designer. The studio is based in Rome and specializes in the design of luxury yachts and superyachts for both private and commercial use. The studio’s portfolio includes a wide range of yacht designs, from high-performance racing yachts to large, luxury cruising yachts. The company often works together with Paris Dragnis’ Golden Yachts. Notable projects include DREAM, EMIR, and BELITA.
Vadim Ermolaev, also spelled Vadym Yermolaiev or Vadym Iermolaiev, is a Ukrainian-born businessman and investor best known as the founder of the Alef Group, a diversified business group based in Dnipro, Ukraine. He was born on May 13, 1968, in Dnipro, then known as Dnipropetrovsk.
Public profiles describe him as one of the most influential business figures from Dnipro and one of the city’s leading real estate developers.
In 1995, Ermolaev founded a company called Primus inter pares, Latin for “first among equals.” Two years later, the business developed into Alef, a diversified trade and industrial corporation.
Alef has been described as a group combining businesses active in several sectors, including construction materials, window profiles, fittings, dental implants, medical instruments and real estate development.
Through Alef Estate, Ermolaev became closely associated with the transformation of Dnipro’s urban landscape. The company has been involved in the development of shopping centers, business centers, residential complexes and pedestrian areas. Projects associated with Alef Estate include Cascade Plaza, Bosporus Shopping and Business Center, Katerynoslavskyi Boulevard and MOST City Shopping and Entertainment Complex.
His real estate projects made him known locally as a major developer of Dnipro, particularly through shopping centers, mixed-use complexes and high-end residential developments.
Ermolaev has appeared for years in rankings of wealthy Ukrainians. Ukrainian business media have described him as one of the leading entrepreneurs from Dnipro and one of the city’s main developers.
Various media reports have estimated his fortune in the hundreds of millions of dollars, although exact figures vary by source and year. He has been included in rankings of wealthy Ukrainian business figures, including lists published by Forbes Ukraine, Focus and other Ukrainian media.
Ermolaev is Ukrainian-born and has been widely reported to have given up Ukrainian citizenship and obtained Cypriot nationality. Public sources identify him under several spellings, including Vadim Ermolaev, Vadym Ermolaev, Vadym Yermolaiev and Vadym Iermolaiev.
He is also reported to have been resident in Monaco in recent years. Monaco has long been home to many international entrepreneurs, investors and yacht owners, and Ermolaev’s presence there has been mentioned in several media reports following the 2026 incident in the principality.
In December 2023, Ukraine imposed sanctions on Ermolaev. Media reports have linked the sanctions to alleged business activity connected to Russian-occupied Crimea.
Ermolaev has denied collaborating with Russia. He has stated that his businesses tried to recover investments in Crimea after the annexation, and that the assets were ultimately seized by Russian forces.
For accuracy, it is important to distinguish between the fact that sanctions were imposed by Ukraine and the allegations reported in the media. The sanctions and related claims remain a sensitive part of his public profile, and Ermolaev disputes any suggestion of collaboration with Russia.
Ukrainian profiles state that Ermolaev is married and has children (Artur and David). Vadim and Anna Ermolaev have also been associated with charitable activities, including the Kiddo charitable foundation, which has been reported to focus on helping seriously ill children and their families.
Reports have also connected Ermolaev and his family to the Jewish community of Dnipro and to philanthropic initiatives.
On June 29, 2026, Ermolaev was injured in a bomb attack in Monaco. According to international media reports, the explosion occurred near a residential building in the principality and injured several people.
The incident was widely reported as an attempted murder investigation. Monaco authorities treated the case as a serious criminal matter, and early media reports described Ermolaev as the apparent target of the attack.
At the time of reporting, no definitive motive had been publicly established. Media reports discussed several possible lines of investigation, but no official conclusion had been announced.
Following the Monaco incident, Italian authorities reportedly reviewed assets connected to Ermolaev in nearby Ventimiglia, Italy. Reports stated that a 52-meter yacht moored at Cala del Forte was treated as a sensitive location by the Prefecture of Imperia after the attack in Monaco.
The yacht has been identified as FLORENTIA, a 52-meter superyacht built by Rossinavi in 2020. FLORENTIA flies the Cayman Islands flag and was reportedly inspected by Italian police after the Monaco incident.
According to Italian media reports, the yacht appeared to be registered to a company connected to Ermolaev. Luxury vehicles believed to be at his disposal were also reported to be present in the port area.
FLORENTIA is a full-displacement superyacht designed for long-range cruising. The yacht was built by the Italian shipyard Rossinavi and is known for her classic exterior profile and high-volume interior. Her reported connection to Ermolaev places her among the notable yachts associated with Ukrainian-born entrepreneurs and Monaco-based yacht owners.
Vadim Ermolaev is a Ukrainian-born, Cypriot citizen and Monaco resident whose fortune was built primarily through real estate development, construction and diversified industrial businesses in Dnipro.
He is closely associated with Alef Group and Alef Estate, and his projects have had a visible impact on the commercial and residential development of Dnipro.
His public profile has received renewed international attention following the 2026 Monaco attack and subsequent reports about assets connected to him, including the yacht FLORENTIA. While Ukrainian sanctions and Crimea-related reporting are part of the public record, Ermolaev denies collaboration with Russia, and the matter should be described carefully and accurately.
https://en.wikipedia.org/wiki/Vadym_Iermolaiev
https://metro.co.uk/2026/07/01/ukrainian-oligarchs-lover-loses-legs-monaco-explosion-28997303/
https://www.fraseryachts.com/en/yacht-for-sale/florentia/
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