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Lewis Hamilton’s 4 million dollar Yacht : Know all about ultra luxurious possession of the Mercedes driver

F1 driver Lewis Hamilton's Sunseeker 90 yacht

Lewis Hamilton has been racing for a long time. With his experience comes the success that he has achieved in the past few years. Having been at the top of the standings for multiple years, it’s no doubt that his F1 team will be willing to pay big money just to keep him in the team and compete for more championships. Driver salaries are based on success rate and experience in the sport.

In Sir Lewis Hamilton’s case, it is pretty obvious that there is a massive sum of money attached to the Mercedes driver’s contract . He reportedly earns about 40-50 million dollars every year. With this king of money at his disposal, the British driver clearly didn’t hold back on ultra luxurious purchases. An example of that is the Sunseeker 90 Yacht that is owned by the 7 time world champion.

Lewis Hamilton is a driver with a massive sense of fashion. The driver has even hired a person to style him for his day to day fits. The moment you see Lewis in the paddock during race weekends, you will see why he gets all the attention. His outfits are a clear indication of the life that he likes to live. In Lewis’s case, he yearns for ultra luxurious products.

Also Read :  “I don’t think he sees Leclerc as a threat in the same way that he sees Hamilton,” Jack Aitken dissects Max Verstappen’s rivalries in 2021 and 2022 season of F1  

Lewis Hamilton’s yacht costed a whopping 4 million dollars

The British driver owns a yacht called the Sunseeker 90 which is worth about 4 million dollars or 3.1 million euros. The latest model of this yacht goes for around 6 million dollars but can also reach 9 million of fully upgraded. Along with some cozy interior designing, the yacht itself is 27.10 meters long. It has a total of 4 cabins that can house 8 guests in total.

Apart from that, there is also room to sleep for the crew members present on the yacht. The sea vehicle can reach speeds of up to 30 knots while maintaining a cruising speed of 22 knots. The yacht is blessed with a luxury interior equipped with ‘American walnut carpentry’. It includes features such as air conditioning, a chef’s sized kitchen and a huge entertainment system.

The yacht also houses an area fit for barbecues and has features that make water sports accessible for the guests. With the plethora of features that the yacht has to offer, it’s an ideal choice for anyone seeking a luxurious experience. The Sunseeker 90 is kept in Monaco, a destination that is known for its racing prestige.

Lewis Hamilton has had an incredible season provided the machinery that he had to deal with. With the 2023 season incoming, it will be interesting to see how Mercedes and Lewis fight back to grab the 8th title. It won’t be an easy fight since Red Bull and Ferrari will probably be just as competitive. However, anything can happen in this sport.

Also Read :  Max Verstappen fans relieved as the Dutch GP has been renewed and will be on the F1 calendar till 2025

Also Read :  “That’s the excitement of the sport,” Former Mercedes F1 technical director reveals why he is happy to see Max Verstappen win the title

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Lewis Hamilton’s collection of luxury goods includes a yacht and $680k watches

• Seven-time world champion, Lewis Hamilton, has an eye-watering personal collection of luxury goods
• From six-figure watches to luxury yachts and an array of supercars, the F1 driver’s not afraid to splash the cash
• The 103-time Grand prix winner recently celebrated his 39th birthday

Published on Jan 8, 2024 at 5:00PM (UTC+4)

• by Adam Gray

Last updated on Jan 8, 2024 at 8:31PM (UTC+4)

Lewis Hamilton celebrated his 39th birthday at the weekend, no doubt in style.

But if you were a friend or family member of the F1 driver , what would you gift him?

It’s probably easier said than done, when he already owns an extensive collection of luxury goods.

READ MORE! F1 drivers use Max Verstappen’s private jet as a cab service to races

Without a doubt, one of the Brit’s biggest interests is fashion.

Lewis Hamilton likes to express his taste and wealth through fashion and with the watches he puts around his wrist.

Apparently, his current collection holds a staggering value of around $680,000, with the bulk of that figure coming from two timepieces.

Lewis Hamilton reportedly has two Patek Philippe Nautilus watches – one in black, one in blue – with the two timepieces worth in the region of $263,000 and $285,000 respectively.

But his watch collection doesn’t stop there, as he reportedly also owns three IWC watches worth over $25,000 a piece.

An IWC brand ambassador, Lewis Hamilton hitched a ride off Supercar Blondie’s very own Alex Hirschi ahead of the 2022 Abu Dhabi Grand Prix.

Lewis Hamilton doesn’t just look stylish at the track, though – he’s known to travel to and from it in style.

The seven-time world champion boasts an impressive collection of supercars.

He might’ve parted ways with his iconic Pagani Zonda, but he still owns a $2.7 million Mercedes-AMG Project ONE , as well as three Ferraris worth in the region of $6.7 million.

Oh, and he’s got a 1967 Ford Mustang Shelby GT500, which is a $1.4 million replica of the one from ‘Gone in 60 Seconds’.

The crown jewel in his collection, however, is his ultra-rare, 1966 Shelby Cobra reportedly worth an eye-watering $5 million.

He might not have his $20.9 million Bombardier Challenger 605 private jet any longer, but Lewis Hamilton still likes to relax aboard his personal yacht.

The Sunseeker boat, which apparently set him back $3.9 million, stands at over 90 feet in length, perfect for the 103-time Grand Prix winner to unwind in style.

And when he’s not spending time relaxing on board his yacht, he’s spending time at one of his stunning properties across the world.

With a property portfolio worth in excess of $78 million, the F1 legend has homes in London, Geneva, New York and Colorado, alongside his Monaco residence .

We certainly don’t envy those who had to think up a birthday gift for Hamilton’s 39th birthday, given his substantial wardrobe, awe-inspiring car collection and stunning property portfolio.

That being said, the greatest gift he could hope for would be for his Mercedes team to produce a car worthy of taking the title fight to Max Verstappen in 2024.

• Tags - Celebrities , Luxury , supercars , Watches

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F1: The ultra luxe life of Lewis Hamilton, 7-time world champion and maximalist at large

By Parth Charan

He may have sold his private jet, turned vegan and switched to driving electric cars off-track, but Lewis Hamilton isn’t exactly a minimalist. As the highest paid F1 driver, Hamilton was reportedly paid a cool $30 million (Rs 225 crore) in 2021 alone, which combined with his endorsement deals and investments nets him career earnings exceeding $500 million (Rs 3,705 crore).

As one of the world’s richest and most successful athletes, it stands to reason that there are several high-value possessions in Hamilton’s name. So, what does “the Hammer” spend his half a billion dollars on? Plenty, as it turns out.

What Lewis Hamilton spends his big bucks on: 

Hamilton owns some pretty valuable slices of real estate across the world. While the recently knighted British racer, much like several F1 drivers, resides in the tax-free confines of Monte Carlo (where he owns a sea-facing bachelor pad), he also owns a Manhattan Penthouse worth $44 million (Rs 326 crore) and a six-bedroom London villa. According to The Sun, Hamilton purchased the West London villa from Burberry chief designer Christopher Bailey. The property is said to have a 200ft garden area with its own independent summer house. As for his Manhattan penthouse – a condo project part-owned by NFL legend Tom Brady and Gisele Bundchen – it has everything from a state-of-the-art gym, pool, squash court, library and wine cellar.

He also owns an apartment in Geneva, Switzerland (his second home) where he goes to escape the limelight, and so the details of his Geneva home aren’t well known.

The Challenger 605 jet may be gone, but Hamilton can still be found spending his downtime on his private Sunseeker yacht. A 90-foot-long $4 million (Rs30 crore) luxury performance yacht comes with a built-in sundecks, BBQ, modular lounge seating and a dining area for eight (among other things). When not being used for parties, it can usually be found parked by the bayside in Monaco or Nice.

Hamilton has joined the league of successful F1 racers turned team owners. However, Hamilton sees the future of racing to be in more sustainable forms of motorsport (even F1 aims to go carbon neutral by 2030) and so, has put his millions in the Extreme E electric off-road racing series. Called the X44 racing team, it’s due to make its racing debut soon, with venues set in remote locations that have been strongly affected by the climate crisis.

Hamilton has one of the most extensive (super)car collections of any modern-day F1 racer. Apart from his daily driver, there’s nothing in here that isn’t superlatively quick.

The 6 monster vehicles in Lewis Hamilton's garage: 

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Given that McLaren gave Hamilton his first big break in the world of racing, it’s fitting that his garage houses one of the fastest models in the world. Hamilton purchased this hybrid hypercar back in 2015. The P1 costs approximately Rs 17 crore (excluding taxes) and is powered by the combination of a 3.8-litre, 727hp V8and a 177hp electric motor. Only 375 examples were ever made, all of which were sold out. Hamilton’s blue P1 was driven straight to his Monaco home by McLaren’s employees.

Although Hamilton’s daily driver is an all-electric Mercedes EQC, there lies in his garage, an F1-inspired road car, which was developed with the help of Sir Lewis himself. Much like Lewis’s “work” car, the One has a V6 turbo along with four electric motors. Collectively it puts out 1200 horsepower and hits 100kph in an eyeball eviscerating 2.2 seconds. Only 275 of these hyper-exotic models will ever be built. Given it’s similarities with his F1 car, this is something that is likely to stay in his garage, long after he has retired. It’s price? A measly $2.72 million (Rs 20 crore, excluding taxes).

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Completing the hybrid hypercar holy trinity is Hamilton’s candy-apple red LaFerrari. Ferrari could very well be on Hamilton’s horizon in the not too distant future, and his love for this landmark piece of Maranello engineering, (which costs Rs 11 crore, minus taxes). Another F1-inspired piece of tech, the LaFerrari features a kinetic energy recovery system (KERS) system which helps it put out nearly 1000 bhp. Fitting for an F1 racer’s garage.

The late Carroll Shelby’s pièce de résistance, the Cobra is an Anglo-American motoring gem, which, if in good nick, can set you back by $7 million (Rs 51 crore). Hamilton’s Cobra 427 was vetted by Shelby himself, making it something of a collector’s item, since a non-replica version is almost impossible to find these days. Which is why Hamilton bought two of them. One for posterity and one to cruise around on sunny mornings.

Another Carroll Shelby masterpiece, the Shelby GT500 has been immortalised in both film and on the racetrack. Although not driven often by Hamilton, whose F1 reflexes don’t mix well with lumpy muscle car handling, the ‘Stang does hold a special place in Hamilton’s garage, for its old-school 7.0-litre, V8, the likes of which will be extinct very soon. In an interview with British GQ, Hamilton said that he “bought the car because he’d seen Steve McQueen drive one in the movie Bullitt . In fairness, McQueen drove a ‘68 Mustang GT Fastback, but we can see many other reasons why the G.O.A.T would be compelled to buy the one with the magical Shelby touch. A good one today will cost approximately $1.2 million (Rs 8.9 crore)

Unbeknownst to most, Hamilton is an avid biker. Which is why MV Agusta, purveyors of Italian exotica, built him a bespoke version of their iconic F4 superbike. The inline-4, litre-bike, penned by the divine hand of Massimo Tamburini, is often considered the most beautiful modern-day motorcycle. Hamilton’s bike was given the LH44 label (combining his initials with his official racing number) MV produced a limited run of the LH44 bikes, priced at Rs 54 lakh (minus taxes). Hamilton, we reckon, got it for free.

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$243 Million Transport Takes Lewis Hamilton To Once In A Lifetime Experience In Style

SPIELBERG, AUSTRIA – JULY 03: Lewis Hamilton of Great Britain and Mercedes GP walks in the Paddock before final practice ahead of the F1 Grand Prix of Austria at Red Bull Ring on July 03, 2021 in Spielberg, Austria. (Photo by Mario Renzi – Formula 1/Formula 1 via Getty Images)

Formula 1 is never enough to satiate the hunger of Lewis Hamilton for thrill and adrenaline. During the mid-season breaks and the off-season, the Briton engages himself in adventure activities. Among those, skydiving and surfing are his favorites. However, he had something really special planned to celebrate his 38th birthday. That was a trip to Antarctica, among penguins and seals, on an ultra-luxurious yacht.

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Hamilton just went through one of the worst Formula 1 seasons he has ever had in his 16-year career. The Briton, for the first time, went through a full season without a race win. A place where he could find peace and gather his thoughts is exactly what he needed to come back stronger for the upcoming 2023 season.

The details behind the mega yacht Lewis Hamilton celebrated his 38th birthday on

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Hamilton recently posted videos from the South Pole, jogging for 7 miles along the trail that featured penguins and seals. He also posted some pictures on Instagram posing in the snow, wearing a thick orange jacket. As details emerge of his vacations, turns out he had quite a lavish ride out there.

  View this post on Instagram   A post shared by Lewis Hamilton (@lewishamilton)

Hamilton was on board the mega-yacht Octopus. Standing tall at 414 ft., it is one of the world’s biggest mega yachts, originally built for Microsoft co-founder Paul Allen. Swedish billionaire Roger Samuelsson currently owns it and it costs $2.19 million a week to charter. The reported cost of the yacht is £200 million ($243 million).

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“The vessel boasts a glass-bottomed aquarium, dive center, and underwater robot,” The Sun reported .

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The 7-mile run, even in the off-season, in treacherous conditions, shows Lewis’ commitment to his health. Modern F1 drivers are fitter and leaner than their earlier counterparts. The commitment to excel is praiseworthy as they all have pretty tough training regimes and diet plans.

Hamilton revealed why he loves adventure sports and activities

In 2020, Lewis appeared in an interview with Desus & Mero for Showtime. They talked about his various experiences, ranging from Met Gala to rivalry with Max Verstappen. But one part of the interview that caught our attention was when he talked about the need for adrenaline when he’s not racing and the activities he engages himself in.

“I love surfing. I sky dive, love skydiving,”  he said. The shocked hosts asked him if he was “ an adrenaline junkie.”  Hamilton answered, “ Yeah, you basically have to substitute it. Because the races. You’re on this massive high and when you come after the race, the next couple of days, you’re just crashing down. Then you hit a low. Then you have to pick yourself back up. You’re back into training. So I usually fill it in with things, fun activities in between training.”

Watch This Story: Lewis Hamilton Jumps Off a Plane Amidst His Mental Health Woes

For us mere mortals, driving an F1 car would probably give enough adrenaline rush to last for days. Clearly not for Sir Lewis Hamilton.

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Revealed: Lewis Hamilton’s luxury lifestyle - houses, cars, yachts…

Hamilton is best-known for living in Monte Carlo, Monaco, and once shared a photo of his stunning view with the caption: "A place I call home, Monte Carlo. I am so blessed to live in such an incredible place.”

The exclusive Fontvieille area, where it is believed he lives, is famous for lavish properties. In 2007 Hamilton was linked with a £10m home.

His neighbours in Monaco include Max Verstappen, David Coulthard, Daniel Ricciardo, Valtteri Bottas and more…

        View this post on Instagram                       A post shared by Lewis Hamilton (@lewishamilton)

Hamilton spent $40m on a four-bed penthouse in Tribeca, a fashionable part of Manhattan, New York, in 2019, complete with a perfect view of the Hudson River - but he never really lived in the property, and has since sold it on at a profit.

He spent £18m on a mansion in west London in 2017. But neighbours were angry because Hamilton, who had barely set foot in the property, planned to chop down trees and carry out extensive renovation work, the Daily Mail reported!

Hamilton also has a place in Los Angeles, and another in Colorado, a location he enjoys during the F1 offseason.

“I am not in a relationship, I don’t have kids, my car is my baby,” Hamilton told The Independent.

His car collection is worth £13m and has included:

• A purple Pagani Zonda worth £1.6m, custom-built for Hamilton
• An ultra-rare 1966 Shelby 427 Cobra, worth £4m, is his prized asset
• Always interesting to see Hamilton in a red Ferrari LaFerrari, worth £1m
• There are only 275 Mercedes-AMG Project One cars made, worth £2m each, and obviously Hamilton owns one!
• The £230k-worth Mercedes-AMG SLS Black is his day-to-day runaround…
• A McLaren P1, worth £2m, keeps him in touch with his former F1 team
• A 1967 Ford Mustang Shelby GT500, which can cost around £750k
• An electric Mercedes-Maybach 6
• A Mercedes Maybach S600, worth £800k
• A Honda CRF450RX Motocross bike
• An electric Maverick X3 dune buggy
• He bought his Sunseeker 90 yacht in 2009 for $4m

F1 drivers were banned from wearing jewellery in the paddock last year but that didn’t stop Hamilton rebelling by turning up to one race wearing three luxury watches worth a total of  £32,250 . He wore these three pieces from manufacturer IWC:

• Big Pilot’s Watch (£10,900) 
• Big Pilot’s Watch Top Gun Mojave Desert (£14,500) 
• Mercedes-AMG Petronas Formula One Team watch (£6,850)

Hamilton has spent years as the No1 earner on the list of F1 drivers salaries , although he has since fallen behind Max Verstappen.

Hamilton pocketed a $55m salary from Mercedes in 2023, according to Forbes, but not a single penny in bonuses.

Lewis Hamilton’s net worth was £300m in 2022, according to The Sunday Times Rich List.

It is regularly reported at between £200m-£300m.

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Lewis Hamilton celebrates birthday with £200m mega-yacht cruise to see penguins in Antarctica

• Julia Atherley
• Published : 21:00, 9 Jan 2023
• Updated : 15:44, 10 Jan 2023

RACE ace Lewis Hamilton had a really ice birthday with a trip to see penguins in Antarctica.

The seven-time F1 world champion was in (South) Pole position as he celebrated with the cruise on a £200million mega-yacht.

Hamilton, 38 last Saturday, joined US Olympic snowboard gold medallist Shaun White, 36, on board M/Y Octopus.

He was spotted in a video White posted on Instagram as the group snapped Adélie penguins in Antarctica’s Victoria Land.

Hamilton also posed in a bright orange snowsuit for his own pictures and videos online.

The 414ft Octopus, which costs £1.8million a week to charter, was built for late Microsoft co-founder Paul Allen and is owned by Swedish billionaire Roger Samuelsson.

Read More on Lewis Hamilton

Instagram story reveals Lewis Hamilton playing CoD on the road

Hamilton goes on 11km run in Antarctica and jogs past penguins on his birthday

The vessel boasts a glass-bottomed aquarium, dive centre and underwater robot.

The racing driver also posted a video of him running with the “Eye of the Tiger” song playing over the top.

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British GP: Inside Mercedes driver Lewis Hamilton's multimillion pound Sunseeker fit with a professional sized kitchen

He's even posted pictures of himself on the vessel to his legion of Instagram followers

• 14:42, 3 JUL 2022
• Updated 14:46, 3 JUL 2022

It is no secret that Dorset is home to the headquarters of a world-class yacht company that has many celebrity customers. Sunseekers International is a British luxury yacht brand based in Poole, but has since become a worldwide company, sought after by the rich and famous.

The likes of Oscar-winning actress Nicole Kidman , and F1 racing tycoon Eddie Jordan have their very own Sunseeker superyachts, but the list of known celebrities who own one of these luxury vessels appears to be growing. The latest famous face to own a fancy yacht is F1's seven time winner of the World Drivers' Championship title, Lewis Hamilton.

The F1 champion owns the impressive Sunseeker 90, which he reportedly bought for an eye-watering $4 million (£3.1m), according to Crash . The latest yacht model is now estimated to be worth a whopping £6.1 million, but could even reach up to £9 million once its been upgraded.

Read more: When and where you can see Queen's Baton Relay on Portland

Hamilton's Sunseeker is around 27.10m in length and offers a sleek interior design. The vessel can hold eight guests in four cabins, plus room to sleep some of the crew members.

Crash reports that the luxury interior is said to be of 'American walnut carpentry' equipped with air conditioning, a professional chef’s sized kitchen and a huge entertainment system. Other impressive specs include the yacht's speeds, which can reach up to 30 knots, and a cruising speed of 22 knots.

There is even an area fit for barbecues, so it seems an ideal yacht for socialising and relaxing. It also features the Bezenzoni ‘Ladder Gangway’, which allows guests to effortlessly access the watersports on offer.

The vessel is often kept in Monaco - apt for the world-class racer, as the destination is known for holding the prestigious F1 Grand Prix races. Hamilton is no stranger posting his lavish lifestyle to his 28.8m legion of followers on Instagram.

The 37-year-old has shared some photos of himself lounging on the Sunseeker 90 and enjoying the views of some of France's most scenic coastlines. He is due to next appear at the British Grand Prix, which will take place at Silverstone on Sunday, July 3.

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Lewis Hamilton Sets The Pace As Charter Yachts Arrive In Monaco

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By Oliver Pearson   26 May 2016

As the estimable British driver headed the timesheet for the practice laps around the iconic track, the surrounding waters of Monaco came alive with charter yachts migrating from the hotspots of Cannes .

Leaving behind the Old Port of Cannes for berths at the famous Port Hercule, charterers were today treated to a breathtaking performance from one of F1’s most interesting characters.

As we pointed out in an earlier story, the T-Dock is beginning to fill up as the superyachts migrate from the historic ports of Cannes .

With the sun breaking through the clouds around the French Riviera , visitors to the practice session this afternoon returned to sunbathing and sipping cocktails whilst watching the action unfold in front of them.

Unquestionably one of the best opportunities for an event charter, the Monaco Grand Prix has long been associated with yachting in the Mediterranean .

As the drivers prepare for the pivotal race this Sunday, we take a look at some of the charter yachts attending this year’s edition.

Perfectly suited for event charters, the 82m/268ft motor yacht ROMEA from Abeking & Rasmussen features an abundance of exterior space for enjoying the race.

Indeed, with a bridge deck large enough to host a home cinema, the area is just as impressive during the day, with an attachable bimini for shading when necessary.

A finalist for an interior award at the Showboats Design Awards this year, both the private and social spaces onboard are replete with contemporary flourishes and comfortable seating arrangements.

What’s more, M/Y ROMEA always includes a dedicated office space for anyone needing to attending to business whilst on charter.

Arguably the most classic of event charters, the Monaco Grand Prix combines the world’s most exciting sport with the unique charms of the Mediterranean

Another large yacht attending the Monaco Grand Prix 2016 is the 73m/238ft motor yacht VICKY .

Delivered from the Turkish shipyard Proteksan Turquoise, VICKY packs plenty of wow factor and provides charterers with numerous outdoor spaces in which to enjoy their environment.

Winning first place for ‘Recreational Area for Guest Use’ at the Showboats Design Awards 2013, and ‘Quality and Value’ at the World Superyacht Awards 2013, M/Y VICKY all but invites prospective charterers to take her to Monaco.

For parties keen to keep things going through the night, there’s also a professional DJ booth and dance floor- two features sure to be popular as she sits at anchor a short distance from Port Hercule.

Boasting a truly distinctive profile which ultimately earned her the award for ‘Best Exterior Design’ at the World Trophies 2014, the 66m/217ft motor yacht OKTO will no doubt be turning more than a few heads as she joins the proceedings this week.

Renowned for her silent cruising, M/Y OKTO is also regarded as an effortlessly cool charter yacht with a large swimming pool on the aft deck complemented by an engaging Alberto Pinto interior.

Whilst the abundance of outdoor deck space is sure to offer more than enough room for partying, the retractable balcony attached to the master suite provides a nice spot for guests to get away from it all at a moment’s notice.

In order to make further enquiries into the yachts attending this year’s Monaco Grand Prix, or to make arrangements for attending next year, please get in touch with your preferred charter broker .

Alternatively, take a look at all luxury yachts available for charter in Monaco .

Some Of The Charter Yachts Currently In Monaco

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55m Oceanfast 1991 / 2016

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73m Turquoise Yachts 2012 / 2022

66m ISA 2014 / 2023

47m Sunseeker 2014 / 2018

82m Abeking & Rasmussen 2015 / 2021

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Formula One auto racing star Lewis Hamilton got a new luxury jet, a $27 million candy-apple-red Bombardier Challenger 605 with Armani curtains. He also got a refund on the value-added tax.

And the lawyers at Appleby , an elite law firm founded in Bermuda, were there to help.

They teamed with the London-based accounting giant Ernst & Young to craft an arcane plan to sidestep the VAT, a consumption tax charged in Europe on everything from socks to cars. One of the conditions: Hamilton’s inaugural flight would have to touch down on the Isle of Man, the British crown dependency in the Irish Sea known for its lenient tax treatment of the world’s super-rich.

“This will involve a short stay, normally less than 2 hours,” Appleby said in a written explanation of the tax-avoidance strategy .

The four-time Formula One world champion was up to the challenge. He and his girlfriend, Pussycat Dolls pop star Nicole Scherzinger, planned to make a layover on the Isle of Man on their first time out to Europe on his new jet in January 2013, according to an itinerary sent to Appleby.

Whether Hamilton actually made the trip could not be learned. But in the end, he did pick up a $5.2 million VAT refund, according to secret documents reviewed by the International Consortium of Investigative Journalists, the BBC, The Guardian, and more than 90 other media partners.

The documents come from the internal files of offshore law firm Appleby and corporate services provider Estera, two businesses that operated together under the Appleby name until Estera became independent in 2016. The files, which are now called the Paradise Papers , were originally leaked to the German newspaper Süddeutsche Zeitung and shared with the International Consortium of Investigative Journalists.

In a statement to The Guardian, Hamilton’s lawyers said that the race car driver has a set of professionals in place who run most aspects of his business operations on his behalf and that no subterfuge or improper levels of secrecy have been put in place.

Shielding offshore trillions

The episode opens a window onto a low-profile network of lawyers, bankers, accountants, financial advisers and other professionals who operate offshore in the gray international area between tax jurisdictions. This global system exists largely to shield assets from taxes, creditors and competitors and has been instrumental in luring trillions of dollars offshore, leaving other taxpayers to make up the difference.

An offshore subspecialty that handles private jets and mega-yachts has prospered even as concerns about the wealth and privileges of the global 1 percent have grown.

The yacht-and-jet offshoring business extends far beyond secretive tax havens and discreet law firms. It has involved U.S. banking giants such as Wells Fargo & Co., respected regional banks such as the Bank of Utah, and U.S. legal powerhouses such as Akin Gump Strauss Hauer & Feld. The banks have helped create trusts that have enabled otherwise ineligible foreigners to register jets in the United States, which can increase their resale value. Akin Gump helped an Arab monarchy qualify for a VAT refund on private jets it wanted to turn into spy planes. Ernst & Young worked with Appleby on a range of tax-related matters.

A spokeswoman for Wells Fargo said the bank is in the process of exiting the business of acting as trustee for foreign owners of non-commercial jets. “As a regular course of business, Wells Fargo evaluates its products and services to make sure we deliver the best experience for our customers while maintaining appropriate risk levels,” she said.

Alex Cobham, chief executive of Tax Justice Network, a U.K.-headquartered nonprofit that fights financial secrecy, said offshore ownership of luxury planes and boats is “a symptom of global inequalities.” These arrangements allow the rich to exploit the weaknesses of the international tax system through “hidden ownership and circular financing schemes,” he said.

Leaked documents from Appleby and other sources reveal a long list of rich and super-rich individuals who rely on offshore operatives to handle the tax issues and other challenges involved in owning luxury planes and boats. Among them: celebrities like Hamilton; the crown prince of Saudi Arabia and other royalty; and politicians and figures connected to them, such as Russian President Vladimir Putin’s friends the billionaire brothers Arkady and Boris Rotenberg.

U.S. President Donald Trump, too, has taken advantage of offshore arrangements to organize ownership of private aircraft.

Leaked documents from the Bermuda corporate registry, not related to Appleby, list Trump as the owner of a Bermuda shell company that in turn owned a Boeing 727 jet used by Trump, who put it up for sale in 2009. Trump disclosed the company, D.J. Aerospace (Bermuda) Ltd., in his election disclosure filings. Trump’s offshore ownership of the jet has been previously reported. The jet is now owned by Weststar Aviation, a Malaysian company.

The Wall Street Journal reported in December that another Trump aircraft – a Boeing 757-200 he used during his presidential campaign – is controlled through a complex ownership and leasing setup involving limited liability companies; the arrangement could have enabled Trump to avoid paying $3.1 million in New York sales tax upfront and to instead pay it in installments spread over many years.

Trump and Rotenberg did not respond to requests for comment from ICIJ and partners.

Isle of riches

A craggy, rain-swept island otherwise known for its tailless Manx cats, the Isle of Man has long been a key outpost in the offshore industry, thanks in large part to its close but ambiguous relationship with the United Kingdom.

It has a “partnership” with the U.K., but it controls its own domestic policy — and has turned itself into a hub in the global financial system by offering low tax rates and tolerating high levels of corporate secrecy. It didn’t have an aircraft registry until 2007 but now maintains the largest offshore plane registry in the world, with roughly 1,000 private airplanes, each generating fees for the island’s financial services industry, the Isle of Man’s biggest employer.

The registry’s growth is in part due to the Isle of Man’s lenient VAT policy and tolerance for arrangements that exploit it. Appleby alone has been responsible for creating companies that owned at least 48 private jets with an average price of $33.9 million, according to an analysis of the law firm’s internal documents by the BBC and ICIJ.

Appleby also has a big business in registering yachts, particularly in the Cayman Islands, where it has set up offshore companies that claim ownership of dozens of yachts and ships. The owners of these vessels include the royal families of the United Arab Emirates and Saudi Arabia, Russian fertilizer billionaire Andrey Guryev and Microsoft co-founder Paul Allen. Guryev did not respond to request for comment. An Allen representative declined to comment.

On the Isle of Man, Appleby has drawn big-name customers by creating offshore arrangements that push the boundaries of EU tax rules, according to international tax experts contacted by ICIJ and its partners the BBC and The Guardian.

For instance, the Isle of Man grants, on a case-by-case basis, pre-approved exemptions that are not subject to public scrutiny. EU member states could choose to offer similar exemptions to the super-rich, but political pressures constrain them from doing so.

In 2011, under pressure from the European Union, the United Kingdom tightened a rule that had allowed owners to avoid the VAT if the aircraft weighed more than 8,000 kilograms.

That created an opening for firms on the the Isle of Man, which has access to the giant EU market through its relationship with the U.K., to attract even more offshore business.

Some of the complex Isle of Man arrangements don’t appear to meet the criteria set out in the EU’s VAT-exemption language, tax experts said. EU language, for instance, requires companies to be real operating businesses and not “letterbox” companies. “It doesn’t pass the smell test,” said Maria Martinez, a former international tax attorney now with the antipoverty nonprofit Oxfam America, referring to the Isle of Man’s handling of many tax arrangements.

After ICIJ partners sent questions about the arrangements to the Isle of Man’s government, its chief minister, Howard Quayle, called an October 23 press conference and declared: “We have found no evidence of wrongdoing or reason to believe that our customs and excise division has been involved in a mistaken refunding of VAT .” He added, “The Isle of Man is not a place that welcomes those seeking to evade or abusively avoid taxes.”

At the same time, however, Quayle announced that he had invited the U.K. treasury to conduct an assessment of the Isle’s jet-registration business.

And in response to The Guardian and ICIJ questions, the government disclosed that VAT refunds for 231 jets registered on the island had totaled more than $1 billion. Without the Isle of Man structures, much of that revenue would have gone to EU countries where the planes would have been registered.

How Lewis Hamilton’s jet deal flew

The exemption that Appleby helped secure for Formula One champ Hamilton’s jet, for instance, shows how expansively the Isle of Man interprets EU aircraft rules.

Appleby began with a pitch to Hamilton and his representatives: “By working with Ernst & Young LLC as a VAT specialist and through the use of their dedicated VAT Deferment Account together with appropriate structuring, the need to fund the VAT would not be required.”

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Officials from Ernst & Young and Appleby, and other advisers, exchanged emails and held conference calls to puzzle over how to deal with EU rules, which allow VAT refunds for private planes only when they’re used for business purposes by real companies that operate in the EU.

Appleby set up an Isle of Man company called Stealth (IOM) Ltd. to lease the jet from Hamilton’s British Virgin Islands holding company, Stealth Aviation Ltd., and import the plane to the Isle of Man and, thus, thanks to the island’s relationship with the U.K., into the EU. The letterbox company then subleased the plane to TAG Aviation Ltd., a third-party jet operator in England.

But EU rules require that the company that imports the plane be a real – not a shell – company that actually operates in the EU. Only “fixed establishments” are eligible, and a fixed establishment is defined as having a “sufficient degree of permanence and a suitable structure in terms of human and technical resources to enable it to provide the services which it supplies,” according to EU rules.

Stealth (IOM) Ltd. has no employees. Knock on the door at 33-37 Athol St. in Douglas, the capital, and you’ll find an Appleby office that also serves as headquarters for more than 1,100 companies and trusts. Stealth (IOM) has no staff and no building of its own. It has a “brass-plate” address and a single director, General Controllers Ltd. – another Appleby shell company used as a “nominee director,” a stand-in for the controlling parties.

Although the importing firm clearly exists only on paper, Isle of Man officials pre-approved Hamilton’s arrangement. After that, all that was required was a layover on the Isle of Man for customs to sign the jet’s paperwork allowing the VAT refund. Neither Hamilton nor his plane ever had to visit the island again, even though the firm that imported it is incorporated there.

Appleby sold its Isle of Man jet operation and the rest of its fiduciary business to the unit’s managers in early 2016; the new company took the name Estera.

In their statement, Hamilton’s lawyers said Stealth (IOM) Ltd. is not a shell company and was formed to run a leasing business and hire the aircraft on a long-term basis at a commercial rate. They said the company made all necessary disclosures to Isle of Man officials, who approved the approach.

The lawyers said that reducing taxes was not the motive for the arrangements, but even if it had been, it is lawful to lease, rather than buy, to reduce the VAT.

They added that it was not correct that Hamilton had paid no VAT on any of the arrangements.

In a separate statement, Ernst & Young said commercial leasing arrangements such as those used by Hamilton constitute entirely legitimate commercial practice. The accounting firm said that as a commercial business, the import company is entitled to reclaim the VAT incurred on its business asset against the VAT which it is due to pay on the import of the aircraft into the European Union if the aircraft is being used wholly or predominantly for business purposes by the end user.

It said the relevant consideration for such arrangements is where the aircraft flies (not where the aircraft is bought, leased to or leased from). Ernst & Young said it advises clients they should consider whether VAT needs to be charged for all flights within EU airspace and added that it is not able or required to monitor a client’s use of an aircraft on a day to day basis following registration.

“All our advice, whether in planning or compliance, is based on our knowledge of tax law and providing transparency to tax authorities,” Ernst & Young said in the statement.

It could not be learned whether any Hamilton entities paid VAT on trips within the EU.

EU rules forbid VAT refunds for personal jet purchases and imports. Hamilton, however, received a refund even though he had planned to use the plane for non-business purposes one-third of the time, according to draft leases in the Appleby files. And his social media feeds and website often flaunt his private use of the plane. One video, uploaded to Hamilton’s YouTube account, shows him, his dog Coco, and some friends aboard the plane, followed by scenes of him cavorting on four-wheeled dirt bikes in Colorado and dancing and drinking at a 2015 festival in Barbados.

The jet was used primarily for business purposes, Hamilton’s lawyers said, adding that on the few occasions that it was used for private purposes, a proper hire charge was invoiced and paid.

An unsigned statement to the Guardian on behalf of the Isle of Man government, said the government is committed to enforcing tax rules. “Whilst it is clear that no jurisdiction in the world could ever guarantee that instances of evasion, abusive tax avoidance and error do not occur on an individual basis, the Isle of Man is committed to ensuring that it is not used by those seeking to evade taxes or to abusively avoid taxes,” the statement said.

The statement added that in October 2016 the government began “to review the accuracy and efficacy of the declarations being made to it” by the roughly 270 aircraft ownership arrangements there.

Such arrangements aren’t so unusual among the very rich.

The United Arab Emirates – one of the world’s wealthiest countries – sought to avoid the VAT with help from Appleby. In 2012, the authoritarian Persian Gulf monarchy bought two Bombardier Global 6000s for $120 million and committed to paying $98 million more to convert them into high-tech spy planes.

Because it’s a state, the UAE wasn’t eligible to register an aircraft in the Isle of Man. Appleby and Washington-based Akin Gump lent a hand. Appleby created a shell company called Advanced Integrated Systems (IOM) Ltd. that could register the aircraft on behalf of the UAE.

Appleby also received assurance from the island’s customs officials that the planes wouldn’t be taxed. Akin Gump helped arrange Appleby’s registration of the plane, according to emails sent from its lawyers to Appleby. Neither Akin Gump nor the UAE returned requests for comment.

Not all such maneuvers, in the Isle of Man or elsewhere, are particularly complicated.

When Mohammed bin Salman, now crown prince of Saudi Arabia, bought the mega-yacht Serene from Russian vodka billionaire Yuri Shefler for $456 million, it was docked in the Port of La Ciotat, in the south of France. (The hefty price bought 30,000 square feet of living space, including an underwater viewing room, a climbing wall, a cinema and an indoor seawater pool, as well as space for 52 crew members. The yacht also has a helicopter hangar, at least five onboard boats and a submarine garage.)

Advisers proposed motoring the 439-foot yacht to international waters in the western Mediterranean and closing the sale there, according to documents sent from the American law firm Baker McKenzie to Appleby in 2015.

It couldn’t be learned if the plan was ever carried out. It’s unclear if any VAT was paid. A spokeswoman for the Saudi government declined to comment, as did Baker McKenzie.

Martinez, of Oxfam, said moving yachts is a common tax-avoidance strategy. “If you’re in international waters, no country can claim it,” she said. “It’s stateless income.” Whether the sale closed in international waters and whether the location was part of a tax-avoidance strategy could not be learned.

American flyers

The lucrative business of working around ownership problems for aircraft and yachts has also attracted U.S. financial institutions. Appleby worked at least nine times total with Wells Fargo and Bank of Utah to create trust structures enabling noncitizens to register jets in the United States.

The Bank of Utah served as a trustee on one such deal involving natural-gas oligarch Leonid Mikhelson, deemed by Forbes the richest man in Russia, with a fortune estimated at $17 billion. Appleby made arrangements that included creating an Isle of Man branch of Mikhelson’s Panama company, Golden Star Aviation Ltd., which leased a Gulfstream G650 from a Cayman Islands company to also avoid VAT in Europe on the $60 million plane. (Golden Star Aviation’s president is listed as James Ackroyd-Cooper, a personal trainer in Suffolk, England.) The arrangement saved Mikhelson up to $12 million, according to Isle of Man documents approving the exemption from the 20 percent tax. Using the Bank of Utah as trustee also gave Mikhelson access to the U.S. jet registry, which would likely increase the plane’s resale value.

“Mr. Mikhelson acts strictly within the boundaries of the law and in compliance with applicable legislation at all times,” a spokesperson said. “He does not deem it necessary to provide any comments on his personal property activities.”

Gabriel Zucman, an assistant professor of economics at the University of California, Berkeley, and the author of “The Hidden Wealth of Nations,” said tougher information-sharing requirements for the offshore industry are required to stop the wealthy from avoiding taxes. “This confirms that the offshore system benefits a tiny elite who uses it to avoid and sometimes evade billions of dollars in taxes,” he said. “Unless we are willing to accept ever rising inequality, this situation is unsustainable.”

Appleby cut its ties to Mikhelson after U.S. authorities retaliated against Russia’s 2014 invasion of Crimea by blacklisting his natural-gas company, Novatek, along with other businesses and people tied to Putin.

This confirms that the offshore system benefits a tiny elite who uses it to avoid and sometimes evade billions of dollars in taxes. Gabriel Zucman

An Appleby official wrote that, “with regret,” he had to advise Mikhelson’s representatives of the law firm’s decision to end relationships that were directly or indirectly connected to entities or people on the U.S. sanctions list. Appleby helped transfer Mikhelson’s arrangements to another Isle of Man firm.

The Bank of Utah applied to renew Mikhelson’s plane’s registration with the Federal Aviation Administration in 2016, two years after his company was sanctioned, according to FAA records.

In an interview with an ICIJ partner, The New York Times, Bank of Utah trust officer Joe Croasmun said the bank took seriously its obligations to know its customers and to be on guard against suspicious activities. When asked about the bank’s relationship with Mikhelson, Croasmun went to look in the bank’s files. When he returned, he said that the bank was indeed trustee for Golden Star Aviation but that he couldn’t find any mention of the Russian businessman.

“His name is not in there,” he said.

In a later statement, Croasmun said, “We view our risk management processes to be a living and breathing methodology, always growing to implement best practices and enhancing our country risk assessment as the world changes. We are currently doing a review of all countries we have designated as ‘higher risk’ – including transactions involving Russia.”

Contributors to this story also included:  Tim Robinson and Mike McIntire.

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• Lewis Hamilton on His F1 Break, the Season Ahead, and How a Near-Death Experience Couldn’t Stop Him From Taking Risks

As the seven-time Formula 1 champion prepares for the Dutch Grand Prix, he assures us that his love for racing has never been stronger.

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It’s the Thursday of race week, and Hamilton is in a relaxed mood. We’ve taken over team boss Toto Wolff’s office in the Mercedes motorhome at Amsterdam’s Zandvoort circuit. It’s a spartan space with an unimposing desk in one half of the room, and a cramped seating area with two chairs at either side of a small table in the other.

Hamilton, his braids largely hidden under a headband emblazoned with the word “Tommy,” is sporting a black team shirt and a huge pair of black boots. The ensemble is strikingly offset by a high-contrast white ceramic IWC Big Pilot’s Watch, specifically, a $40,900 perpetual calendar version known as the Top Gun Lake Tahoe (“Have you seen this?” he asks excitedly, passing me his watch).

Does he still feel motivated? He does. “That’s easy!” he says. “I still love racing. More than ever. I always feel I can be better. When I hit a limit, I love the challenge of figuring out how to strengthen my body to get past that. It’s that idea you can get better at everything. So I’m going to be here for a good chunk of time. You’re definitely going to get tired of me.”

Who he’ll be driving for next season is still a source of pit-lane conjecture. He’s been with Mercedes since 2013, but has yet to sign a contract extension. Some have suggested he might head to Ferrari, although he’s denied he’ll move.

If anything, Hamilton seems entirely relaxed about his future, prepared to wait it out. “I’ve always been a risk taker,” he says. “When someone says ‘you can’t climb that tree,’ I’ll climb it, even if I’ll almost certainly fall out of it.” As if to prove the point, he tells a story about a near-death experience a couple of years ago when he paddled out to Hawaii’s notorious Banzai Pipeline, an iconic surf break, with surfing legend Kelly Slater. “Kelly was like, ‘there’s no way you’re going out there,’” Hamilton says, his eyes sparkling at the memory of the 25-foot wave. “And I was like, ‘Kelly, I’m going out.’”

He says that, on the track, his risk-taking has matured. “When I was younger, I was reckless,” he admits. “I took a lot of risks and I was very fortunate not to get injured. Now, you can measure risk smarter. I’ve always been good at knowing my limit, and my limit is higher than most people’s. And I’ve always been comfortable when I’m close to the limit.”

Next month, he’ll introduce a third collaboration with IWC, a watch he considers a bigger creative risk than anything the two have worked on together before. “With this new watch, I wanted to take it to the top and do something exclusive,” he teases. “At the beginning, everyone’s cautious because they don’t know how well it’s going to do. But then things fly.”

Hamilton will be hoping his car gives him wings, this weekend. “I’ve been itching to freakin’ get in the car all day,” he says, that smile breaking into a boyish grin.

Editor’s note: For the 2023 season of Formula 1, Lewis Hamilton is currently fourth in the World Drivers’ Championship, while Mercedes-AMG Petronas is second in the World Constructors’ Championship. The Dutch Grand Prix will take place on Sunday, August 27, at 9 a.m. EDT.

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Shakira Hangs Out with F1 Star Lewis Hamilton on Boat Outing After 2023 Miami Grand Prix

Over the weekend, Shakira was photographed with Tom Cruise at the racing event

There's a "She Wolf" in your boat, Lewis Hamilton .

On Wednesday, Shakira was spotted hanging out with the British Formula One star and friends for a boat outing in Miami after attending the 2023 Grand Prix over the weekend.

The "Hips Don't Lie" performer, 46, donned a casual lavender look, while Hamilton, 38, wore swim trunks for the occasion — which came shortly after they reportedly met at Cipriani restaurant following the races.

At the Grand Prix, Shakira was also photographed enjoying the event with Tom Cruise as part of a group. Cruise, 60, also posed with Fast & Furious actors Vin Diesel and Ludacris at the race.

While chatting with Martin Brundle for Sky Sports on Sunday, Cruise did not hesitate to express his support for Hamilton. "Lewis always," he said. "He's a great friend of mine. I hope he has a great day."

The race was ultimately won by Dutch-Belgian driver Max Verstappen, with Hamilton placing sixth.

Shakira's attendance at the Grand Prix went down one day after she received Billboard's first Woman of the Year award at the inaugural Latin Women in Music gala . During her acceptance speech, she seemingly shared her thoughts on her headline-generating split from ex Gerard Piqué .

"This has been a year of seismic change in my life where I've felt more than ever — and very personally — what it is to be a woman," she told the audience while accepting her award .

"It's been a year where I've realized we women are stronger than we think, braver than we believed, more independent than we were taught to be," she continued.

"Because what woman hasn't at some time in her life forgotten herself because she's seeking the attention and love of someone else? It happened to me, more than once," she added.

Shakira, who announced her separation from the soccer star last June after first confirming their relationship in March 2011 , then talked about realizing her worth as a woman.

"But there comes a time in the life of every woman where she no longer depends on someone else to love and accept herself just as she is," she said. "A time when the search for someone else is replaced by the search for oneself."

Shakira added, "A time when the desire to be perfect is replaced by the desire to be authentic, and where finding someone who is faithful is less important than being faithful to ourselves."

She released her latest single, "Acróstico," on Friday — listen here .

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