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The largest superyachts in the world and the wealthy people who own them.
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The Latest SuperYacht Owners News
May 20, 2017 - The CRN Cloud 9 has been delivered to Brett Blundy
The CRN Yacht Cloud 9 is delivered. She is built for Brett Blundy, a retail entrepreneur form Australia. Blundy is the founder of BB Retail Capital, which owns chains of jewellery and fashion stores. His net worth is estimated at US$ 645 million. More here.
May 14, 2017 - The new Aviva has been delivered to Joe Lewis
The new Aviva has been delivered by Abeking & Rasmussen. She is owned by billionaire Joe Lewis. Lewis owns the #Tavistock Group, which invests in more than 200 companies including the football club Tottenham Hotspur, the Mitchells & Butlers plc group (owner of 1,600 pubs, bars and restaurants) and Pampa Energia (Argentina’s largest electricity company). His net worth is US$ 5.7 billion. Lewis also owns a US$ 30 million Embraer Legacy 600 private jet, with registration G-THFC. More here
May 13, 2017 - The Aga Khan’s Yacht Alamshar is at Lurssen for a Refit
The yacht Alamshar is currently in Germany at Lürssen for a refit. She was built for His Highness the Aga Khan. She was designed to deliver a top speed of 65 knots, but was not able to reach that speed due to design issues. The Aga Khan is the Spiritual Leader of the Shia Ismaili Muslims. His net worth is estimated at US$ 800 million. He owns a Bombardier Global 6000 private jet, with registration LX-PAK More here.
May 12, 2017 - Howard Leigth and his yacht Leight Star
Howard Leight is the owner of the yacht Leight Star. Leight founded Howard Leight Industries, active in in-ear hearing protection. He sold his company in 1998 for US$ 120 million and became active in real estate investments. He owns the Malibu Rocky Oaks Estate Vineyards. More here
Luxury SuperYachts: 13 Crazy Facts
The World’s Largest SuperYacht (measured by length): Azzam, 180 meter (590 ft) owned by Sheikh Khalifa bin Zayed Al Nahyan, the Emir of Abu Dhabi (Azzam is the longest).
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What is a SuperYacht?
A superyacht (or super yacht, or mega yacht) is a large and usually, privately-owned yacht, which is professionally crewed and extremely expensive. (A few are owned by state organizations.)
What does a Yacht cost?
A Luxury yachts generally cost more than US$ 10 million, although the most expensive can stretch to several hundred million dollars. Eclipse, owned by Roman Abramovich, is thought to be the most expensive superyacht, and is rumored to have cost more than a billion US dollars. (The actual build price, will probably have been considerably less, around US$ 500 million.)
Superyachts are owned by the Richest People on Earth
Most luxury yachts are owned by extremely wealthy individuals. For example someone who purchases a US$ 10 million yacht, will probably have to have a net worth of more than US$ 20 million, as he will not want to spend all his money on a boat. The larger superyachts (longer than 80 meters or 260 feet) are invariably owned by billionaires. Most billionaires also own or charter a private jet.
The Running cost of a SuperYacht
The yearly running costs of a luxury yacht (including crew, maintenance, insurance and fuel) roughly account for 10% of the build price, or US$10 million a year on a US$100 million vessel. It seems smarter to charter a yacht….
The Biggest Yachts in the World
Nowadays the largest yachts are owned by Arabs or Russians. The biggest yacht in the world is Azzam (180 meters/590ft) built for the Emir of Abu Dhabi. The second largest is Eclipse (172 metres/564ft) owned by the Russian billionaire Roman Abramovich. Abramovich currently has two yachts: Eclipse and Sussurro (although Sussurro is rumored to be owned by his ex-wife, as part of a divorce settlement). Until 2014 Abramovich also owned the expedition yacht Luna, but he sold her to Azerbaijani billionaire Farkhad Akhmedov.
The largest Yacht by Volume (or gross Tonnage)
The largest yachts are not necessarily the world's longest. One of the largest boats measured by volume is Al Salamah. Built for Prince Sultan of Saudi Arabia, it was put up for sale in 2012 (after Prince Sultan died) with an asking price of EUR 250 million (US$350 million). The new Dilbar, built for Alisher Usmanov also seems to be one of the largest yachts in the world. The largest sailing yacht will be ‘Sailing Yacht A’, under construction for Russian billionaire Andrey Melnichenko. The longest yacht is Azzam.
One of the most modern is a yacht called, simply, A that was built for the Russian billionaire Andrei Melnichenko. Another very modern boat is YAS, a 140-meter yacht which Sheikh Hamdan of the United Arab Emirates converted out of a warship.
The most famous of them all is probably the yacht Kingdom 5 KR owned by Prince Al Waleed bin Talal (a cousin of the King of Saudi Arabia). It featured in the James Bond movie “Never Say Never Again”. The members of the Royal Family of Saudi Arabia own dozens of yachts.
Superyacht Owners - UHNWI
Superyachts are often purchased by UHNWI or Ultra High Net Worth Individuals. A UHNW is some one with net assets over US$ 30 million although some experts calculate with an amount of US$ 50 million. It is estimated that the world population of UHNWI is around 200,000 individuals. Around 5% of these UHNWI, or 10,000 individuals, own or frequently use a superyacht. The mean net worth of a superyacht owner is estimated at US$ 680 million, a figure no doubt influenced by the relative high number of billionaire Russian yacht owners. The average age of a super yacht buyer is estimated around 65 years.
Famous Yacht Owners
The most famous UHNWI yacht owners include Roman Abramovich and Larry Ellison. US Presidential candidate Donald Trump has been owner of the yacht Trump Princess, while the world’s richest man Bill Gates does not own a yacht. He owns a large house though, watch Bill Gates’ house here.
The Yacht Industry
It is expected that the amount spent on superyachts worldwide, is increasing 25% the coming 5 years. There is a trend towards expedition yachts, in stead of (fast) displacement yachts, but also new built yachts seem to grow bigger over the years.
Displacement - Displacement or displacement tonnage is the weight of water that a ship displaces when it is floating, which in turn is the weight of a ship (and its contents).
Gross Tonnage - Gross tonnage (often abbreviated as GT, G.T. or gt) is a unitless index related to a ship's overall internal volume
Beam - The beam of a ship is its width at the widest point as measured at the ship's nominal waterline. Beam may also be used to define the maximum width of a ship's hull, or maximum width plus superstructure overhangs.
Draft - The draft (American) or draught (British) of a ship's hull is the vertical distance between the waterline and the bottom of the hull (keel), with the thickness of the hull included. Draft determines the minimum depth of water a ship or boat can safely navigate.
Sloop - A sloop is a sailing boat with a single mast and a fore-and-aft rig. A sloop has only one head-sail.
Ketch - A ketch is a sailing craft with two masts. The distinguishing characteristic of a ketch is that the forward of the two masts (the "mainmast") is larger than the after mast
Range - The distance a motor yacht can sail without refueling
Nautical Mile - A nautical mile (symbol M, NM or nmi) is a unit of distance, set by international agreement as being exactly 1852 meters (about 6,076 feet), compared with the 5,280 feet in a statute mile.
Knot - The knot is a unit of speed equal to one nautical mile (1.852 km) per hour, approximately 1.151 mph
UHNWI -A UHNW is some one with net assets over US$ 30 million
Yatch -A frequently used type error of the word yacht.
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