Naomi Campbell's new boyfriend has reportedly bought her an $18.5 million penthouse apartment in Brazil.

Russian billionaire Vladislav Doronin is so smitten with the British supermodel he splashed out on the exclusive residence in Jardins, Sao Paulo, as a "gift" for her, according to the New York Post newspaper.

A source said: "Naomi told Vladimir how much she loved Brazil and that she really wanted to settle down there. So he bought her the apartment, and said it was a gift for her. They will use it as their base when they are in Brazil together."

Naomi, 38, and Vladislav were first linked after they met at France's Cannes Film Festival earlier this year.

The couple have since been photographed hugging and sharing intimate gazes by Brazilian newspaper O Dia.

A source said: "Vlad, as he is called by his friends, is one of the richest property developers of his country."

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