| Name: | Fractional Ownership |
| Net Worth: | $100 million |
| Source of Wealth: | Unknown |
| Born: | Unknown |
| Age: | |
| Country: | Unknown |
| Wife: | Unknown |
| Children: | Unknown |
| Residence: | Unknown |
| Private Jet: | Unknown |
| Yacht: | OCEAN PEARL |
The OCEAN PEARL, a stunning yacht built by Rodriquez Yachts and designed by Foster + Partners, boasts a unique feature in its ownership structure: fractional ownership. This increasingly popular approach to yacht ownership allows multiple parties to share the costs, responsibilities, and enjoyment of a luxury vessel. In this article, we’ll examine the advantages and disadvantages of fractional ownership structures, using the OCEAN PEARL as a case study.
There are several compelling benefits to opting for a fractional ownership structure when purchasing a yacht:
Reduced Costs: By sharing the purchase price and ongoing maintenance costs with other owners, individuals can experience the luxury of yacht ownership at a fraction of the cost.
Shared Responsibilities: The responsibilities of yacht management, including maintenance, crewing, and administrative tasks, are divided among multiple owners, reducing the burden on any single party.
Increased Flexibility: Fractional ownership allows individuals to enjoy the yachting lifestyle without being tied down to a single vessel, as they can trade their share for time on other yachts within a fractional ownership network.
Asset Appreciation: As a shared asset, the value of a yacht under a fractional ownership structure may appreciate over time, potentially providing a return on investment for all parties involved.
Despite the numerous benefits, there are also some drawbacks to fractional yacht ownership:
Limited Availability: With multiple owners vying for time on the yacht, individuals may have limited access to the vessel during peak seasons or popular vacation periods.
Loss of Control: Sharing ownership means relinquishing some control over the yacht’s management, maintenance, and scheduling, which may not appeal to those who prefer to have complete autonomy.
Decision-Making Conflicts: Multiple owners may have differing opinions on various aspects of yacht management, which could lead to disputes and disagreements.
Exit Challenges: Selling a fractional share in a yacht can be more challenging than selling a wholly-owned vessel, as the pool of potential buyers may be smaller and the process more complex.
Fractional ownership structures, like the one employed by the OCEAN PEARL, offer an innovative solution for those looking to experience the luxury and enjoyment of yacht ownership without shouldering the full financial and logistical burdens. However, this approach may not be suitable for everyone, as it requires a willingness to compromise on control and availability. Ultimately, the decision to pursue fractional yacht ownership will depend on an individual’s preferences, financial goals, and desired level of involvement in the management and operation of their vessel.
They are the owners of the yacht OCEAN PEARL.
OCEAN PEARL is a breathtaking yacht completed in 2010 with a striking design by renowned architecture firm Foster + Partners.
The OCEAN PEARL motor yacht is powered by advanced Caterpillar engines, achieving a max speed of 18 knots and a smooth cruising speed of 12 knots. With a range exceeding 3,000 nautical miles, she is perfect for extended voyages.
We have not yet been able to identify his private jet. But please do send us a message if you have information about his business jet. The photos hereunder are just samples of some of the most successful private jets on the market.
(Photos by JetPhotos.com, Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
Yacht Owners Database 2024
