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Who Owns Which Superyacht? (A Complete Guide)

Have you ever wondered who owns the most luxurious, extravagant, and expensive superyachts? Or how much these lavish vessels are worth? In this complete guide, we’ll explore who owns these magnificent vessels, what amenities they hold, and the cost of these incredible yachts.

We’ll also take a look at some of the most expensive superyachts in the world and the notable people behind them.

Get ready to explore the world of superyachts and the people who own them!

Table of Contents

Short Answer

The ownership of superyachts is generally private, so the exact answer to who owns which superyacht is not always publicly available.

However, there are some notable superyacht owners that are known.

For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world.

Other notable owners include Russian billionaire Roman Abramovich and Microsoft co-founder Paul Allen.

Overview of Superyachts

The term superyacht refers to a large, expensive recreational boat that is typically owned by the worlds wealthy elite.

These vessels are designed for luxury cruising and typically range in size from 24 meters to over 150 meters, with some even larger.

Superyachts usually feature extensive amenities and creature comforts, such as swimming pools, outdoor bars, movie theaters, helipads, and spas.

Superyachts can range in price from $30 million to an astonishingly high $400 million.

Like most luxury items, the ownership of a superyacht is a status symbol for those who can afford it.

The list of superyacht owners reads like a whos who of billionaires, with names like Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

While some superyacht owners prefer to keep their vessels out of the public eye, others have made headlines with their extravagant amenities.

Some of the most famous superyachts feature swimming pools, private beaches, helicopter pads, on-board cinemas, and luxurious spas.

In conclusion, owning a superyacht is an exclusive status symbol for the world’s wealthy elite.

These vessels come with hefty price tags that can range from $30 million to over $400 million, and feature some of the most luxurious amenities imaginable.

Notable owners include the Emir of Qatar, Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Who are the Owners of Superyachts?

From Hollywood celebrities to tech billionaires, superyacht owners come from all walks of life.

Many of the most well-known owners are billionaires, including Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Other notable owners include Hollywood stars such as Leonardo DiCaprio and Johnny Depp.

However, not all superyacht owners are wealthy.

Many are everyday people who have worked hard and saved up to purchase their dream vessel.

Other notable billionaire owners include Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and former US President Donald Trump.

These luxurious vessels come with hefty price tags that can range from $30 million to over $400 million.

For many superyacht owners, their vessels serve as a status symbol of wealth and luxury.

Some owners prefer to keep their yachts out of the public eye, while others have made headlines with their extensive amenities – from swimming pools and helicopter pads to on-board cinemas and spas.

Many of these yachts are designed to the owner’s exact specifications, ensuring that each one is totally unique and reflects the owner’s individual tastes and personality.

Owning a superyacht is an exclusive club, reserved for those with the means and the desire to experience the ultimate in luxury.

Whether they are billionaires or everyday people, superyacht owners are all united in their love of the sea and their appreciation for the finer things in life.

The Most Expensive Superyacht in the World

When it comes to superyachts, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, certainly knows how to make a statement.

His luxury vessel, the 463-foot Al Mirqab, holds the title of the world’s most expensive superyacht.

Built in 2008 by German shipbuilder Peters Werft, this impressive yacht is complete with 10 luxurious cabins, a conference room, cinema, and all the amenities one would expect from a vessel of this magnitude.

In addition, the Al Mirqab features a helipad, swimming pool, and even an outdoor Jacuzzi.

With a price tag of over $400 million, the Al Mirqab is one of the most expensive yachts in the world.

In addition to the Emir of Qatar, there are several other notable owners of superyachts.

Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos all own luxurious vessels.

Bezos yacht, the aptly named The Flying Fox, is one of the longest superyachts in the world at a staggering 414 feet in length.

The Flying Fox also comes with a host of amenities, such as a helipad, swimming pool, spa, and multiple outdoor entertaining areas.

Bezos also reportedly spent over $400 million on the vessel.

Other notable owners of superyachts include Saudi Prince Alwaleed bin Talal, who owns the $200 million Kingdom 5KR, and Oracle founder Larry Ellison, who owns the $200 million Rising Sun.

There are also many lesser-known owners, such as hedge-fund manager Ken Griffin, who owns the $150 million Aviva, and investor Sir Philip Green, who owns the $100 million Lionheart.

No matter who owns them, superyachts are sure to turn heads.

With their impressive size, luxurious amenities, and hefty price tags, these vessels have become a symbol of wealth and prestige.

Whether its the Emir of Qatar or a lesser-known owner, the worlds superyacht owners are sure to make a statement.

Notable Superyacht Owners

When it comes to the wealthiest and most luxurious owners of superyachts, the list reads like a whos who of the worlds billionaires.

At the top of the list is the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who holds the distinction of owning the most expensive superyacht in the world.

Aside from the Emir, other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

All of these owners have made headlines with their extravagant vessels, which are typically priced between $30 million and $400 million.

The amenities that come with these vessels vary greatly from owner to owner, but they almost always include luxurious swimming pools, helicopter pads, on-board cinemas, and spas.

Some owners opt for more extravagant features, such as submarines, personal submarines, and even their own personal submarines! Other owners prefer to keep their vessels out of the public eye, but for those who prefer a more showy approach, they can certainly make a statement with a superyacht.

No matter who owns the vessel, it’s no surprise that these superyachts are a status symbol among the world’s wealthiest.

Whether you’re trying to impress your peers or just looking to enjoy a luxurious outing, owning a superyacht is the ultimate way to show off your wealth.

What Amenities are Included on Superyachts?

Owning a superyacht is a sign of wealth and prestige, and many of the worlds most prominent billionaires have their own vessels.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, while other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The cost of a superyacht can range from $30 million to over $400 million, but the price tag doesnt quite capture the sheer extravagance and amenities of these vessels.

Superyachts come with all the comforts of home, and then some.

Many owners will equip their vessels with swimming pools, helicopter pads, on-board cinemas, spas, and other luxury amenities.

The interior of a superyacht can be custom-designed to the owners specifications.

Some owners opt for modern, sleek designs, while others prefer a more traditional look.

Many of the most luxurious yachts feature marble floors, walk-in closets, and custom-made furniture.

Some vessels even come with a full-service gym, complete with exercise equipment and trained professionals.

Other amenities may include a library, casino, media room, and private bar.

When it comes to outdoor amenities, superyachts have some of the most impressive features in the world.

Many yachts come with outdoor entertainment areas, complete with full kitchens, dining rooms, and lounge areas.

Some owners even opt for hot tubs or jacuzzis for relaxing afternoons in the sun.

And, of course, there are the jet skis, water slides, and other exciting water activities that come with many of these vessels.

No matter what amenities a superyacht has, it is sure to be an experience like no other.

From the sleek interiors to the luxurious outdoor features, these vessels provide a unique, luxurious experience that is unrivaled on land.

Whether you’re looking for a relaxing escape or an exciting adventure, a superyacht is sure to provide.

How Much Do Superyachts Cost?

When it comes to superyachts, the sky is the limit when it comes to cost.

These luxury vessels come with hefty price tags that can range from anywhere between $30 million to over $400 million.

So, if youre in the market for a superyacht, youre looking at an investment that could easily break the bank.

The cost of a superyacht is driven by a variety of factors, including size, amenities, and customization.

Generally, the larger the yacht, the more expensive it will be.

Superyachts typically range in size from 100 feet to over 200 feet, and they can be as wide as 40 feet.

The bigger the yacht, the more luxurious features and amenities it will have.

Amenities also play a significant role in the cost of a superyacht.

While some owners prefer to keep their yachts out of the public eye, others have made headlines with their extensive amenities.

From swimming pools and helicopter pads to on-board cinemas and spas, the sky is the limit when it comes to customizing a superyacht.

The more amenities a superyacht has, the more expensive it will be.

Finally, customization is another major factor that will drive up the cost of a superyacht.

Many luxury vessels have custom-designed interiors that are tailored to the owners tastes.

From custom furniture and artwork to lighting and audio systems, the cost of a superyacht can quickly escalate depending on the level of customization.

In short, the cost of a superyacht can vary widely depending on its size, amenities, and customization.

While some may be able to get away with spending a few million dollars, others may end up spending hundreds of millions of dollars on their dream yacht.

No matter what your budget is, its important to do your research and find out exactly what youre getting for your money before signing on the dotted line.

Keeping Superyachts Out of the Public Eye

When it comes to owning a superyacht, some owners prefer to keep their vessels out of the public eye.

Understandably, these individuals are concerned with privacy and discretion, and therefore tend to take measures to ensure their yachts are not visible to outsiders.

For instance, some superyacht owners opt to keep their vessels in private marinas, away from the public areas of larger ports.

Additionally, some yacht owners may choose to hire security guards to patrol and protect their vessels while they are moored or sailing.

In addition to physical security, some superyacht owners also use technology to keep their vessels out of the public eye.

For example, a yacht owner may choose to install a satellite-based communications system that allows them to keep their vessel completely off-radar.

This system works by bouncing signals off satellites rather than transmitting them, making it virtually impossible for anyone to track the yachts movements.

Finally, some superyacht owners also choose to limit the number of people who have access to their vessels.

For instance, the owner may only allow family members and close friends to board the yacht.

Additionally, the owner may choose to employ a limited number of staff to help maintain the vessel and keep it running smoothly.

These individuals may be required to sign non-disclosure agreements to ensure they do not disclose any information about the yacht or its owner.

Overall, while some superyacht owners may choose to keep their vessels out of the public eye, there are still plenty of other ways to show off the opulence associated with owning a superyacht.

From swimming pools and helicopter pads to on-board cinemas and spas, there are many luxurious amenities that can make a superyacht the envy of any jet setter.

Final Thoughts

Superyachts are a symbol of luxury and status, and the list of yacht owners reads like a who’s who of billionaires.

From the Emir of Qatar’s world-record breaking $400 million yacht to Microsoft co-founder Paul Allen’s vessel with a helicopter pad and on-board spa, the amenities of these luxury vessels are truly stunning.

With prices ranging from $30 million to over $400 million, owning a superyacht is an expensive endeavor.

Whether you’re looking to purchase one or just curious to learn more about the owners and their amenities, this guide will provide you with all the information you need to stay up to date with the superyacht scene.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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Who Owns the Yachts On Below Deck? (Valor, Ohana, My Seanna)

The exclusive world of yacht ownership often includes a glamorous and affluent lifestyle. Many of the yacht owners boast impressive net worths, and the costs of these magnificent vessels can range from $10 million to over $50 million. Operating costs also vary significantly, often running into the hundreds of thousands of dollars per year.

A few notable owners of the yachts featured on Below Deck include Captain Lee Rosbach, Bobby Genovese, Kim Vibe-Petersen, Frank Zaccaria, Glenn McMahon, David Beran, and Trevor Lee. Some yachts have private owners who would like to remain anonymous.

In this article, you'll learn about some of the backgrounds and financial standings of the yacht owners, as well as the specifications and features that make each vessel unique. So, sit back and immerse yourself in the world of luxury yachting while discovering the people behind these incredible superyachts.

Largest Sailing Yachts in the World (with Price & Owners)

• The yachts featured on the show include Valor, Ohana, MY Seanna, Ionian Princess, Eros, Talisman Maiton, Parsifal III, Home, Lady Michelle, Wellington, Sirocco, St. David, Honor, Mercury, and Thalassa.
• The world of luxury yachts is often shrouded in exclusivity and privacy. In this article, we get to gain glimpses into this opulent lifestyle and appreciate the craftsmanship and extravagance of these magnificent vessels.
• The builders of some yachts include Admiral in Italy, Perini Navi, Heesen Yachts, Benetti, and Proteksan Turquoise.

Owners of Yachts on Below Deck

Here's a table listing the yachts featured on Below Deck, together with information about each one's owner and their net worth, the yacht's purchase price, and annual operating costs. Note that some numbers are estimates. Additionally, the current value of each yacht may have changed since it was first purchased.

2023 Below Deck Charter Cost: Ultimate Guide

You may consult an expert or yacht broker to get a more accurate cost estimate for a specific yacht. The operating costs of each yacht can vary based on a number of factors, including the size, age, and condition of the yacht, as well as the location of the yacht and the level of use.

Valor yacht is also known as BG Charade

The proud owner of this luxurious vessel is Canadian entrepreneur Bobby Genovese. Though his exact net worth is not public knowledge, Bobby has made a fortune through his successful ventures and investments.

Valor, a 46.88-meter Feadship yacht, has had quite the journey. Built in 1990 and refitted in 2015, Bobby acquired this beauty for a rumored $15,000,000 in that same year. This nearly 154-foot-long yacht can comfortably accommodate up to 12 guests and comes with a crew of 10 members.

When it comes to operating costs, you should be aware that renting Valor for your dream vacation will set you back a considerable amount. It is available for charter starting at $260,000 per week, excluding expenses. However, keep in mind that chartering this celebrity-favorite vessel will undoubtedly be a lavish and unforgettable experience.

Ohana is built by Admiral in Italy

The Ohana yacht, featured on Below Deck, is owned by Captain Lee Rosbach and his wife, Lisa. They reside in Fort Lauderdale, Florida, and have owned the yacht for over ten years. The couple has two children: a son and a daughter. While we don't have an exact number for their net worth, it is safe to assume that they are quite successful in the yachting industry.

Ohana is a 154-foot (47-meter) long motor yacht built by Admiral in Italy. The cost of the yacht might vary depending on its age, condition, and customization. However, yachts of similar size on the market may lie within the range of $20 million to $40 million. Keep in mind that these numbers are just an estimate; the actual price of Ohana may be different.

Operating a yacht like Ohana can be costly. Some of the annual expenses of maintaining and running a yacht of this size can include fuel, crew salaries, insurance, maintenance, dockage fees, and more. It is typically estimated that the annual operating cost falls between 10% and 15% of the yacht's purchase price. For Ohana, this would mean an operating cost in the ballpark of $2 million to $6 million per year.

Your luxurious vacation on the MY Seanna

The owner of MY Seanna is an entity called Seanna Yacht Holdings LLC, and the net worth of the company is not publicly known. The estimated purchase cost of the yacht is $45 million, and the estimated annual operating cost is $2.5 million to $3 million.

MY Seanna is a 164-foot-long vessel, will come at a pretty penny. The yacht is available for charter at a starting price of $260,000 per week. Keep in mind that this cost doesn't include expenses, which means you'll need to budget for additional costs during your adventure.

Exact 2023 Cost To Charter My Seanna from Below Deck

Operating costs for a yacht like MY Seanna can be quite significant, but exact figures are tough to come by. While we don't have specific details for this particular yacht, you should be aware that operating costs typically include fuel, maintenance, insurance, crew salaries, and provisions. These expenses can add up quickly, so it's essential to be aware of them when planning your luxurious getaway.

Ionian Princess is a majestic yacht

The owner of the Ionian Princess, a 182-foot-long vessel, prefers to keep their identity private. While the exact net worth of the owner is not publicly available, you can assume they have a substantial fortune considering the yacht's impressive features and the costs associated with yacht ownership.

As you admire the Ionian Princess, it's natural to wonder about its price tag. Built in 2006 and last refitted in 2021, this luxurious yacht has a base price of $495,000 per week for charters. Featuring an exquisite interior designed by Pavlik Design Team and an exterior crafted by Setzer Design Group, this vessel is a true work of art.

Owning a yacht like the Ionian Princess comes with considerable operating costs. These expenses include crew salaries, insurance, maintenance, fuel, docking fees, and additional services such as food and beverage provisions. While exact operational costs might vary, owning a yacht of this caliber can cost millions annually.

Eros yacht had its moment in the limelight during Season 3 of Below Deck

The Eros yacht was renamed for the TV show, but its actual name is Mustang Sally. Although its owner is not directly mentioned, we do know it's a luxurious vessel available for charter . That said, it is not easy to estimate the net worth of the owner. If you're curious about other yacht owners from the show, consider Bobby Genovese, the owner of the Valor yacht. He is a successful entrepreneur with a net worth of around $200 million.

While the exact purchase price of the Eros is not publicly available, similar yachts of the same size and age have been known to cost tens of millions of dollars. For example, the Valor yacht costs around $15,000,000. Keep in mind that yacht prices can vary widely based on factors such as age, brand, customizations, and maintenance history.

Operating a yacht like Eros incurs significant expenses. The average annual costs can be roughly divided as follows:

Crew salaries : This is usually the largest expense, accounting for about 50% of the total operating cost. Expect to pay anywhere from $100,000 to $200,000 per year for a full-time crew.

Maintenance and repairs : Depending on the yacht's age and condition, this can be around 10–20% of the total operating cost.

Dockage and storage fees : These can vary depending on the location and marina services, accounting for about 10–15% of the operating costs.

Fuel : Fuel expenses can be quite significant, as yachts like Eros consume large amounts of fuel. This can be around 10–15% of the total operating cost.

Insurance : Yacht insurance costs depend on the vessel's value, with estimates ranging from 1–3% of the yacht's value annually. Given these factors, the annual operating cost of a yacht like Eros could be around 10% of its value.

Talisman Maiton was featured in Below Deck Mediterranean's third season

The owners of Talisman Maiton are the Pears Brothers, British businessmen and philanthropists with an estimated net worth of $3 billion. Talisman Maiton is a 177-foot luxury yacht that was built in 2006 by Proteksan Turquoise and underwent a major refit in 2017.

Talisman Maiton is an impressive superyacht that boasts a spacious sun deck, an eclectically styled interior with Art Deco features, and numerous amenities to ensure the comfort of its guests. As a result, you can expect the yacht's cost to be quite considerable. To charter this beauty for a week, it is estimated that you'll need to pay around €231,000 during the low season and €266,000 in the high season.

Operational costs for a superyacht such as Talisman Maiton can be quite substantial. It's essential to consider the cost of fuel, maintenance, insurance, and crew salaries. While exact figures for Talisman Maiton are not available, yachts of a similar caliber could incur operating costs in the ballpark of $1–3 million per year. This estimate is based on several factors, such as the size and age of the vessel and its intended use (whether for private or commercial charter purposes).

2023 Cost Of Mediterranean Yacht (As Seen On Below Deck

Parsifal III was built by Perini Navi

The Parsifal III is currently owned by Danish entrepreneur Kim Vibe-Petersen. Kim is the CEO of the firm Scanomat, which designs automatic coffee brewers and coffee machines. His estimated net worth is $200 million. Vibe-Petersen's successful business ventures suggest that he is quite wealthy.

Parsifal III is a 54-meter (177-foot) sailing yacht built in 2005 by Perini Navi. While the exact cost of this luxury yacht is not disclosed, similar yachts built by Perini Navi in the same size range can cost upwards of $20 million.

Operating costs for a yacht like Parsifal III vary based on several factors, such as maintenance, crew, and fuel expenses. In general, the annual operating cost of a yacht can be estimated at around 10% of the yacht's value. Based on this estimate and the potential $20 million cost of Parsifal III, you can expect an annual operating cost of approximately $2 million.

2023 Cost To Charter Parsifal III from Below Deck

To help you better understand the expenses involved, here's a breakdown of typical operating costs:

Crew wages : Yachts of this size typically require a professional crew of 7 to 10 members. The total annual cost for a crew can range from $300,000 to $500,000.

Maintenance : Regular maintenance, including annual haul-outs, paint jobs, and system upkeep, is necessary to keep the yacht in top condition. These costs can come in at around $200,000 to $400,000 per year.

Fuel : Depending on the yacht's engine, fuel consumption, and usage, annual fuel costs can range between $100,000 and $300,000.

Insurance : Yacht insurance premiums can be significant, with costs varying based on the value and specifics of your yacht. Expect to pay around $100,000 to $200,000 per year for insurance on a yacht of this caliber.

Dockage and other fees : Dockage fees, as well as other expenses such as customs fees, taxes, and permits, can also contribute to your annual operating costs. These can vary greatly depending on where and how frequently you use your yacht, but might add up to around $100,000 to $200,000 per year.

Home was custom-built by Heesen Yachts

The yacht Home, featured on Below Deck, is owned by an American entrepreneur named Frank Zaccaria. Frank has made a fortune in various industries, including real estate development, construction, and luxury yachting. As a result, it's estimated that his net worth is around $200 million.

Home is a stunning 164-foot yacht that was custom-built by Heesen Yachts in 2017. As a state-of-the-art vessel, it boasts impressive eco-friendly features like an energy-efficient power system and extensive noise and vibration reduction. When it comes to pricing, the yacht Home is valued at around $34 million.

When it comes to enjoying a luxurious lifestyle aboard a superyacht like Home, there are significant operating costs to consider. Some of the expenses you'll need to account for include fuel, crew salaries, maintenance, and insurance. Typically, for a yacht of Home's size and caliber, annual operating costs can range from $3 million to $5 million.

Here's a breakdown of the key operating costs:

Fuel : With a large tank capacity of 30,000 liters and an approximate consumption of 1,000 liters per hour, fuel expenses can add up quickly. At cruising speed, Home can travel up to 4,500 nautical miles.

Crew Salaries : For a yacht like Home, a professional crew of around 12 members would be required. Salaries for these crew members can range from $60,000 to $120,000 per year, depending on their position and experience.

Maintenance : Annual maintenance costs for Home can vary, but they generally hover around 2-5% of the yacht's value. This includes tasks such as cleaning, painting, and repairing any wear and tear.

Insurance : Yacht insurance premiums depend on various factors, but for a yacht like Home, it could cost between $100,000 and $300,000 per year.

Lady Michelle was built by Benetti

The owner of Lady Michelle is Mike Fernandez, who is a successful businessman and philanthropist with an estimated net worth of $500 million. Lady Michelle was built in 2007 and underwent a major refit in 2019. The yacht is available for charter and has been featured on the Below Deck franchise.

The Lady Michelle yacht is an exquisite vessel that combines elegance and grandeur, ensuring your sailing experience is lavish and unforgettable. Built by the reputable Benetti shipyard, this 164-foot superyacht boasts remarkable features and amenities. Though the exact cost of Lady Michelle is not publicly available, similar yachts built by Benetti can range between $20 and $40 million, depending on the level of customization and amenities.

Operating a superyacht like Lady Michelle can be quite expensive. Generally speaking, the annual operating costs of a yacht can amount to approximately 10% of its purchase price. For Lady Michelle, these costs might include crew salaries, maintenance and repairs, insurance and port fees, fuel, and provisions.

Considering the estimated value of Lady Michelle, you can expect the annual operating expenses to be in the range of $2 to $4 million. Keep in mind that this is a rough estimation, as operating costs will vary depending on usage and maintenance requirements.

The Wellington is also known as M/Y Wellesley

The owner of this magnificent vessel prefers to remain anonymous, which is quite common in the world of yachting. However, estimates suggest that the owner's net worth is in the multi-million-dollar range, considering the value and upkeep of the yacht.

The Wellington yacht is nothing short of breathtaking with its sleek design and luxurious amenities. To give you an idea of its value, the cost to rent the yacht for summer charters starts at €230,000, or $273,500 per week. For winter charters, the price slightly decreases to €220,000 or $259,500 per week. It's worth mentioning that these prices are exclusive of expenses, making it quite an investment for anyone looking to experience life on The Wellington firsthand.

Operating a yacht like The Wellington is an expensive undertaking. Although the exact operating costs are difficult to calculate without knowledge of the crew size, maintenance needs, and fuel consumption, estimates suggest that operating costs for a yacht of this caliber can range from 10% to 20% of the yacht's value per year. This includes expenses such as fuel, insurance, dock fees, crew wages, and maintenance and repairs.

Sirocco was built by Heesen Yachts

Sirocco, one of the stunning yachts featured on Below Deck Mediterranean , is owned by Glenn McMahon. Glenn has an estimated net worth of around $200 million. His wealth comes from various successful business ventures and investments. More information about Glenn can be found here.

Built in 2006 by the respected Heesen Yachts, Sirocco measures 154 feet in length. This luxurious vessel features six cabins that can comfortably accommodate up to 12 guests. If you're wondering about the cost of this masterpiece, Sirocco has an estimated value of around $18 million. Check out more details about the yacht here.

Operating a yacht like Sirocco comes with significant expenses. On average, you can expect to spend around 10% of the yacht's total value per year on operating costs. This includes crew salaries, maintenance, fuel, insurance, and other associated expenses. For Sirocco, this means you're looking at an annual operating cost of approximately $1.8 million. Keep in mind that these costs can vary depending on how frequently the yacht is used, and where it's cruising. Find more information on yacht operating costs here.

St David was built by Benetti

The magnificent St. David is owned by Czech millionaire David Beran, who was born on September 26, 1967. Beran is the founder of the Profireal Group, one of the largest financial companies in Czechia. He has a glamorous wife, Terezia Dobrovolna, a Czech model. Together, they enjoy the opulence and prestige that the yacht offers. Although his precise net worth isn't publicly disclosed, it's evident that he has amassed a significant fortune to own such a luxurious yacht.

St. David is a 60-meter (197ft) superyacht delivered in 2008 by the renowned Italian shipyard Benetti. It boasts a stunning, supercar-inspired profile that instantly draws attention wherever it goes. Since the yacht is fully customized, featuring interior and exterior designs by the British studio Winch Design, the exact cost of building St. David may vary. However, given the details and the typical market value of similar luxury yachts, it's safe to say that it has a value of around $35 million.

As an owner of St. David, you would likely need to cover costs such as fuel, maintenance, crew salaries, insurance, and various provisions for guests. Generally, it's estimated that maintaining a superyacht can cost between 10% and 20% of the yacht's value annually. So, given the approximate $35 million worth of St. David, you could expect to spend around $3.5 million to $7 million per year to keep this striking vessel in tip-top shape, and provide the lavish experience that it's known for.

Honor is also known as Lumiere

Honor was the yacht featured in the first season of Below Deck. The Italian-made luxury yacht's owner remains undisclosed, but it's known that the yacht has a history under the names Barents, Sotavento, Cuor di Leone, and Lionheart. While the exact net worth of the owner is not available, you can assume that they have significant wealth, as owning and maintaining a yacht of this caliber typically requires considerable financial resources.

While purchasing a yacht like Honor or Lumiere can vary in cost depending on factors such as age, condition, and manufacturer, the price can generally range from around $10 million to $20 million or more. To obtain a more accurate cost estimate for an individual yacht, it's essential to consult an expert or yacht broker.

You can expect to spend around 10% of the yacht's value annually on operating expenses. These expenses might include crew salaries, fuel, insurance, maintenance and repairs, dockage fees, and food and provisions for guests. If Honor is valued at $15 million, the annual operating costs could amount to approximately $1.5 million. However, these costs will vary depending on the specific yacht, its usage, and other circumstances.

Mercury cruises through the breathtaking Norwegian fjords

The charter superyacht Mercury is an impressive vessel exploring the majestic Norwegian fjords. Unfortunately, the specific owner's name and net worth are not publicly disclosed. However, you can assume that they likely have significant wealth, as owning and operating a superyacht is no small feat and is typically reserved for the wealthy.

The cost of buying a superyacht like Mercury can vary greatly depending on its size, features, and overall luxury. While the exact cost of Mercury is not publicly available, superyachts can range in price from tens of millions to hundreds of millions of dollars. It's safe to assume that Mercury's price tag lies within those ranges, given its appearance on the popular reality show.

Operating costs for a superyacht like Mercury can also vary widely. Some of the typical costs include:

Fuel : Superyachts can consume huge amounts of fuel, leading to daily expenses in the thousands.

Crew salaries : A superyacht typically employs a full-time crew to maintain and operate the vessel, with salaries depending on the crew member's role and experience.

Maintenance : Regular maintenance, refits, and repairs are essential for keeping a superyacht in top condition, and these costs can add up quickly.

Docking fees : Finding space to dock a large vessel like Mercury can be expensive, especially in sought-after locations.

To give you a general idea, annual operating costs for a superyacht usually amount to about 10% of the vessel's initial purchase price. Keep in mind that every yacht will have unique expenses depending on various factors, so this estimation might not reflect Mercury's exact operating cost.

Thalassa is also known as Keri Lee III

Thalassa is owned by Australian businessman Trevor Lee and his wife, fashion designer Keri Craig-Lee. Their combined estimated net worth is not publicly available, but they have successfully made careers in both the business and fashion sectors. Keri is a renowned fashion designer in Australia, having established her eponymous label, Keri Craig.

The cost of the Thalassa or Keri Lee III is not disclosed, but luxury superyachts of similar size typically cost tens of millions of dollars. For a comparison, the St. David, a yacht featured in season 10 of Below Deck, has a sales price of around $20.6 million.

Generally, it is estimated that the annual operating cost for a yacht is around 10% of its initial purchase price. For a yacht like Thalassa or Keri Lee III, these costs could include crew salaries, ongoing maintenance, fuel, food, and insurance expenses. Please note that specific operational costs for Thalassa or Keri Lee III are not publicly available, and this is a general estimation based on industry standards.

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10 of the most impressive superyachts owned by billionaires

From a sailing yacht owned by a russian billionaire industrialist to the luxury launch of the patek philippe ceo, here are the best billionaire-owned boats on the water….

Words: Jonathan Wells

There’s something about billionaires and big boats . Whether they’re superyachts or megayachts, men with money love to splash out on these sizeable sea-going giants. And that all began in 1954 — with the big dreams of Greek shipping magnate Aristotle Onassis.

Onassis, keen to keep his luxury lifestyle afloat when at sea, bought Canadian anti-submarine frigate HMCS Stormont after World War II. He spent millions turning it into an opulent super yacht, named it after his daughter — and the Christina O kicked off a trend among tycoons. To this day, the world’s richest men remain locked in an arms race to build the biggest, fastest, most impressive superyacht of all. Here are 10 of our favourites…

Eclipse, owned by Roman Abramovich

Built by: Blohm+Voss of Hamburg, with interiors and exteriors designed by Terence Disdale. Launched in 2009, it cost $500 million (the equivalent of £623 million today).

Owned by: Russian businessman Roman Abramovich, the owner of private investment company Millhouse LLC and owner of Chelsea Football Club. His current net worth is $17.4 billion.

Key features: 162.5 metres in length / 9 decks / Top speed of 22 knots / Two swimming pools / Disco hall / Mini submarine / 2 helicopter pads / 24 guest cabins

Sailing Yacht A, owned by Andrey Melnichenko

Built by: Nobiskrug, a shipyard on the Eider River in Germany. The original idea came from Jacques Garcia, with interiors designed by Philippe Starck and a reported price tag of over $400 million.

Owned by: Russian billionaire industrialist Andrey Melnichenko, the main beneficiary of both the fertiliser producing EuroChem Group and the coal energy company SUEK. Though his current net worth is $18.7 billion, Sailing Yacht A was seized in Trieste on 12 March 2022 due to the EU’s sanctions on Russian businessmen.

Key features: 119 metres in length / 8 decks / Top speed of 21 knots / Freestanding carbon-fibre rotating masts / Underwater observation pod / 14 guests

Symphony, owned by Bernard Arnault

Built by: Feadship, the fabled shipyard headquartered in Haarlem in The Netherlands. With an exterior designed by Tim Heywood, it reportedly cost around $150 million to construct.

Owned by: French billionaire businessman and art collector Bernard Arnault. Chairman and chief executive of LVMH, the world’s largest luxury goods company, his current net worth is $145.8 billion.

Key features: 101.5 metres in length / 6 decks / Top speed of 22 knots / 6-metre glass-bottom swimming pool / Outdoor cinema / Sundeck Jacuzzi / 8 guest cabins

Faith, owned by Michael Latifi

Built by: Similarly to Symphony above, also Feadship. With exteriors designed by Beaulieu-based RWD, and interiors by Chahan Design, it cost a reported $200 million to construct in 2017.

Owned by: Until recently, Canadian billionaire and part-owner of the Aston Martin Formula 1 Team , Lawrence Stroll. Recently sold to Michael Latifi, father of F1 star Nicholas , a fellow Canadian businessman with a net worth of just under $2 billion.

Key features: 97 metres in length / 9 guest cabins / Glass-bottom swimming pool — with bar / Bell 429 helicopter

Amevi, owned by Lakshmi Mittal

Built by: The Oceanco shipyard, also in The Netherlands. With exterior design by Nuvolari & Lenard and interior design by Alberto Pinto, it launched in 2007 (and cost around $125 million to construct).

Owned by: Indian steel magnate Lakshmi Mittal, chairman and CEO of Arcelor Mittal, the world’s largest steelmaking company. He owns 20% of Queen Park Rangers, and has a net worth of $18 billion.

Key features: 80 metres in length / 6 decks / Top speed of 18.5 knots / On-deck Jacuzzi / Helipad / Swimming Pool / Tender Garage / 8 guest cabins

Odessa II, owned by Len Blavatnik

Built by: Nobiskrug, the same German shipyard that built Sailing Yacht A . Both interior and exterior were created by Focus Yacht Design, and the yacht was launched in 2013 with a cost of $80 million.

Owned by: British businessman Sir Leonard Blavatnik. Founder of Access Industries — a multinational industrial group with current holdings in Warner Music Group, Spotify and the Grand-Hôtel du Cap-Ferrat — he is worth $39.9 billion.

Key features: 74 metres in length / 6 guest cabins / Top speed of 18 knots / Intimate beach club / Baby grand piano / Private master cabhin terrace / Outdoor cinema

Nautilus, owned by Thierry Stern

Built by: Italian shipyard Perini Navi in 2014. With interiors by Rémi Tessier and exterior design by Philippe Briand, Nautilus was estimated to cost around $90 million to construct.

Owned by: Patek Philippe CEO Thierry Stern. Alongside his Gulstream G650 private jet, Nautilus — named for the famous sports watch — is his most costly mode of transport. His current net worth is $3 billion.

Key features: 73 metres in length / 7 guest cabins / Top speed of 16.5 knots / Dedicated wellness deck / 3.5 metre resistance pool / Underfloor heating / Jet Skis

Silver Angel, owned by Richard Caring

Built by: Luxury Italian boatbuilder Benetti. Launched in 2009, the yacht’s interior has been designed by Argent Design and her exterior styling is by Stefano Natucci.

Owned by: Richard Caring, British businessman and multi-millionaire (his wealth peaked at £1.05 billion, so he still makes the cut). Chairman of Caprice Holdings, he owns The Ivy restaurants.

Key features: 64.5 metres in length / Cruising speed of 15 knots / 7 guest cabins / Lalique decor / 5 decks / Oval Jacuzzi pool / Sun deck bar / Aft deck dining table

Lady Beatrice, owned by Frederick Barclay

Built by: Feadship and Royal Van Lent in 1993. Exteriors were created by De Voogt Naval Architects, with interiors by Bannenberg Designs. She cost the equivalent of £63 million to build.

Owned by: Sir David Barclay and his late brother Sir Frederick. The ‘Barclay Brothers’ had joint business pursuits including The Spectator , The Telegraph and delivery company Yodel. Current net worth: £7 billion.

Key features: 60 metres in length / 18 knots maximum speed / Monaco home port / Named for the brothers’ mother, Beatrice Cecelia Taylor / 8 guest cabins

Space, owned by Laurence Graff

Built by: Space was the first in Feadship’s F45 Vantage series , styled by Sinot Exclusive Yacht Design and launched in 2007. She cost a reported $25 million to construct.

Owned by: Laurence Graff, English jeweller and billionaire businessman. As the founder of Graff Diamonds, he has a global business presence and a current net worth of $6.26 billion.

Key features: 45 metres in length / Top speed of 16 knots / Al fresco dining area / Sun deck Jacuzzi / Breakfast bar / Swimming platform / Steam room

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Boat of the Week: How This Classic, 90-Year-Old Superyacht Was Restored to Her Former Glory

"marala" served as both family yacht and wwii warship. a london designer has modernized her, without changing her fundamental character., julia zaltzman, julia zaltzman's most recent stories.

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Interior designer Nathan Hutchins is more used to renovating historical buildings than classic yachts. But when the owners of the 1930s yacht Marala commissioned him to undertake the boat’s extensive renovation, he couldn’t refuse.

Co-owner of British studio Muza Labs, Hutchins’s experience of heritage interiors ranges from Spanish UNESCO world heritage sites to historic buildings in London. Hutchins was first introduced to the classic yacht’s owners 20 years ago when he completed the interior on their Dutch river barge. Two decades on, Marala is his first-ever yacht.

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“I recently worked on two canal barges in France and I’ve just completed a sleeper train in South America,” Hutchins told Robb Report . “I think a lot of elements of pure design are very relatable, but technically it’s been a jump. For me, it’s about finding the spirit of the place and in this case, the yacht. How the owners want to enjoy it.”

Named after Hungarian royalty, the yacht was responsible for downing German warplanes and U-Boats, but also entertained Salvador Dali and Frank Sinatra.  Courtesy Pendennis

The current owners, who purchased the yacht in the summer of 2018, are only the fifth in Marala ’s 88-year history. But the modifications made over time have “interrupted the elegance” of Marala ’s original lines, says Hutchins. The owners wanted the designer to capture the spirit of the 1930s to regain its original essence.

The authenticity of the restoration, which is being carried out at Pendennis shipyard in Falmouth, UK, was aided by Hutchins’ discovery of hand drawings on the ship’s original blueprints located in the U.K.’s National Maritime Museum’s archives.

“We’ve been able to reference and reintroduce design elements using the original concepts, such as beautiful bookcases in the aft saloon,” says Hutchinson. “We discovered two original beds that had been cobbled back together that had featured softly curved corners and drawer fronts.”

Designer Hutchins had to be careful to keep the original charm and character, but also modernized the decor. During the restoration, much of the old woodwork was uncovered under old layers.  Courtesy Pendennis

Designer Hutchins had to be careful to keep the original charm and character, but also modernize the decor. During the restoration, much of the old woodwork uncovered under old layers.

Marala was built in 1931, but its would-be owner unfortunately died a month before the yacht’s delivery. This meant she was launched as number 388, the only Camper & Nicholson boat ever delivered without a name. Requisitioned by the Royal Navy in World War II, she served as HMS Evadne, successfully downing a German Heinkel III aircraft using the anti-aircraft guns mounted on her decks. Later, in the Strait of Gibraltar, she used depth charges to disable and sink a U-boat.

“When the vessel was requisitioned for war a lot of the original furniture was removed to make the boat more utilitarian,” says Hutchins. “Much of it wasn’t put back with the most love and care.” The designer said that stripping the yacht back to her bare bones has revealed original details, such as bedside tables, joinery, and a Douglas fir floor, complete with scuff marks and staple holes. “We realized straight away that we needed to keep the floor,” says Hutchins, who has complemented the existing woodwork with the introduction of American black walnut.

In 1962, Marala was bought by Hungarian businessman Robert de Balkany, who decorated the interior in a bold Savoir blue in honor of his wife Princess Maria Gabriella of the House of Savoy. He named the boat after his first two daughters, Marina and Alexandra. In her heyday Marala entertained the world’s elite, including Frank Sinatra and Salvador Dali.

Marala ‘s long, elegant profile was restored long after it served as a World War II warship, with two or three anti-aircraft guns on its bow.  Courtesy Pendennis

In a nod to the yacht’s history, Savoir-blue will run throughout the renovated exterior, paired with anthracite and white. Two custom tenders will have the new exterior palette.  Marala ’s 1940s systems have been upgraded and integrated into the authentic design.

“A lot of this boat hasn’t been seen for decades, so there were some items that needed immediate replacement,” Nick Kearton, project manager at Pendennis, told Robb Report . “A 90-year-old vessel means you’ll find things you might not want to. But the riveted steel that has survived is in very good condition, and we were able to clean it up and preserve it.”

Other sections were modernized for more practical use. Overhangs, doorways and the fashion plates outside of the owner’s suite have been reduced. The original timber decks have been fitted with steel separation plates to protect the interior. “It’s taken about 100,000 hours of steelwork fabrication alone,” says Kearton.

The yacht’s ‘Great Gatsby’ design is matched with original metalwork like the plates along the hull side.  Courtesy Pendennis

For Hutchins, one of the biggest challenges was discovering Marala ’s hull was a slightly different shape than he had originally conceived. That required a redesign while in the Pendennis dry dock. “Nothing is black and white on a boat like this, and sometimes surprises are wonderful,” says Hutchins. “You pull off a panel and you find a carpenter in 1931 left signed his name in chalk. So, some of the revelations have been really interesting and reveal the history of the boat.”

Marala is scheduled for completion and delivery this November.

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The human side of yacht ownership

How would you characterise the typical yacht owner? Whatever you may have been led to believe, the truth is simple: for most, it’s about using their yachts for precious family time, and for many it’s also about using their yachts for good.

There’s a theme that is repeated on countless yachts large and small the world over – superyachting, for most, is not about being seen but rather the opposite. It’s about yacht families and their friends enjoying precious, private moments away from the pressures of demanding business lives and the long hours running those businesses can entail.

“I have an extended family, and when our schedules allow we all like to gather on the yacht and spend some quality time as a family,” Douglas Barrowman , owner of the yacht Turquoise , told Superyacht Life back in 2017. “There is no place like a yacht for family togetherness.”

Douglas Barrowman with family

A love of the sea, adventure and technology

Superyachts and yacht ownership are also a way to explore the world around us, and to interact with and grow to understand extraordinarily diverse communities from remote Pacific islands to the Scandinavian Arctic. It’s something that inspired tech entrepreneur Jasper Smith to combine his love of adventure and his love of the sea with an opportunity for owners to give back while indulging their passion.

“I have always had a deep passion for the ocean,” Smith says. “I grew up watching Jacques Cousteau movies and being enthralled at the idea of being challenged by an endeavour.” When he set out to find his own perfect explorer yacht, however, he realised it didn’t yet exist. His answer was to create Arksen. “My aim with Arksen was to create the perfect machines to enable adventure,” he enthuses. “I also wanted to build sustainable boats which considered full life cycles, from material sourcing to recycling.”

That’s not all – Arksen also asks owners of its yachts to sign up to a pledge it calls 10% for the Ocean, where they will donate 10% of their vessel’s time to philanthropic activities. “A lot of people who have the money feel a responsibility to try and make sure that the oceans are well looked after,” Smith explains. “The people that are attracted to Arksen are passionate about the ocean and want to go off on slightly more advanced expeditions and trips. With that audience, there is a tremendous buy-in to the boat being for more than just their own purposes.”

Superyachts as a force for good

It speaks to the heart of the matter, which is that the superyacht industry and yacht owners in particular have a heart – they care about preserving the environment they enjoy, and they care about the communities they interact with who make them feel so welcome when they visit. It’s reflected in the smallest of gestures, such as donating materials and books to local schools, to the largest – helping with last-mile delivery of critical disaster relief. It’s about superyachts giving back.

It’s a positive-impact attitude toward humanity that is quietly typified by hundreds of superyacht owners, who often prefer to do their thing under the radar rather than take false glory for their philanthropic or humanitarian endeavours. For some it’s as straightforward as getting involved in projects with organisations like YachtAid Global . For others, their endeavours become a key reason for yachting.

American superyacht owner Carl Allen is a prime example of these philanthropic yacht owners. After selling his company, and having enjoyed chartering and owning yachts as a family for years, Allen set up Allen Explorations to deliver a full programme of projects, ranging from historical shipwreck searches and environmental research to disaster relief. Indeed, Allen’s support yacht Axis played a vital role in the aftermath of Hurricane Dorian – one of the most powerful storms ever to hit the Bahamas.

“We had to drop everything and help after the hurricane,” says Allen. “ Axis delivered over £700,000 of supplies and made multiple trips to Little Grand island in the Bahamas. We’ve turned it into the epitome of how to organise hurricane relief.” The team helped get the local school back up and running, and organised for a group from Florida Power and Light to help restore power. “The island also lost their water tower,” he adds, “so we delivered four tanks on  Axis .”

Jasper Smith

Celebrating the good in the superyachting good life

From family time to time spent embracing the global family, superyacht owners have a far greater positive impact than many assume from preconceived ideas about what a superyacht is and the sort of person who owns or charters one. It’s one of the reasons The Superyacht Life Foundation, in association with the Monaco Yacht Show , has unveiled The Honours, which is a way to celebrate the people of our industry rather than the yachts which so often get sole focus. It’s about recognising the extraordinary contributions that people make, the change they inspire, the opportunities they create, and the lives they change.

On 26 September, the eve of the 2023 Monaco Yacht Show, three honourees – nominated by people from across the superyacht industry, and selected from a shortlist by an expert panel of industry judges – will be feted for their work and contribution to superyachting. These are industry professionals and yacht owners who epitomise what superyachting can do. These are people who highlight the good in the superyachting good life.

Yacht owners, impactful journeys

All around the globe, yacht owners are enjoying precious time on their yachts with family and friends, and many are also realising that their yachts can be a force for good and for change, tying in with their philanthropic works and humanitarian endeavours.

“Our yacht is a platform for much of our life,” offers Joe Anderson , co-owner of the Benovia Winery in California with his wife, Mary Dewane. “For instance, we used it at a fundraiser for cystic fibrosis in Baltimore at the 200th anniversary of the Star-Spangled Banner event. The Blue Angels were flying overhead and used Bella Una [the couple’s yacht] as a GPS coordinate and performed flybys, tipping their wings at us. It was quite a thrill. Having a yacht is a way to keep the family intact, enjoy time with friends and have fun.”

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Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts

• It's been two years since Russia invaded Ukraine, leading to sanctions against Russian oligarchs.
• Many of their superyachts were seized or frozen , leading industry insiders to question their fate.
• The yachts, some of which are worth hundreds of millions of dollars, remain in a state of limbo.

More than two years after Russia invaded Ukraine, the boating world still doesn't have many answers about what's going on with the very large, expensive elephants in the sea: oligarchs' superyachts .

The war prompted many governments to enact sanctions against Russia's richest , including seizing their superyachts worth hundreds of millions of dollars. But it's unclear whether they can be sold or who'd buy them, leaving ports peppered with massive boats stuck in a floating limbo.

"The Russian problem, it's becoming a bigger and bigger and bigger problem," one luxury yacht broker told Business Insider at the Palm Beach International Boat Show last week. Like many others, he requested not to be named, given the sensitive nature of the matter at hand and the generally discreet nature of the industry.

Russia has been a massive player in the massive boat market for a long time. In August 2021 — about six months before Russia's Ukraine invasion — Russians owned the second-largest share of yachts over 40 meters in length, according to a report from the industry publication SuperYacht Times.

They were responsible for 16% of new build superyacht purchases in the decade preceding the report and are known for splashing out on extravagant interiors and unique features. (One builder BI spoke to recalled a mandate from an oligarch for a large safe in the owner's cabin in which he could keep his rifles. The builder later learned he'd use them to skeet shoot on deck.)

But those sales have now screeched to a halt as oligarchs get hit by international sanctions. At least a dozen superyachts — worth well over $1 billion combined — have been affected.

And no one is quite sure what will happen to them.

Russia's sanctioned superyachts are hard to buy and sell

The first problem is that many of the yachts are "frozen" — not seized. That means that although the Russian owners can't operate or collect them, they don't technically belong to an overseas government, so they can't be sold without special permission.

Earlier this month, federal prosecutors petitioned a judge asking for consent to sell the Amadea, the 106-meter superyacht that has been docked in San Diego and costs the US as much as $922,000 a month to maintain.

"I've had some inquiries, but all you can tell them is we don't know the outcome yet" of the case, another superyacht broker told BI at the yacht show.

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And despite the broker's claim of interest in yachts like Amadea , most ultrarich — or at least their brokers — don't want to go near the vessels with a ten-foot pole, even if the government does get legal permission to sell them.

"How does it look if you bought a Russian boat?" Julia Simpson, a broker at Thompson of Monaco, said. "Even if it's completely legal and normal, there are too many things on the line," she said, like how the original owner got their money and whether that could make the new buyer look bad.

There are also possible legal implications, as it's hard for the government to prove who actually owns the yachts.

"Oligarchs typically structure their ownership of these high-value assets through a web of offshore shell companies and trusts that is designed to conceal the true owner," Joshua Naftalis, a former federal prosecutor who now works for Pallas Partners, told BI.

And if the government does assume ownership, it's highly dependent on court orders. For example, a Russian whose yacht had been seized by the French government regained access to his boat after winning a legal battle in 2022.

"It's a very difficult process to buy them," Ralph Dazert, the head of intelligence at SuperYacht Times, told BI. "There is a high risk of the former (Russian) owner suing you to get the boat back."

He pointed to the Alfa Nero, the 82-meter yacht that Eric Schmidt planned to purchase for $67 million last year in an auction put on by Antigua and Barbuda. He backed out after various parties tried to block the sale, likely deeming it not worth the legal headache.

"When the reason for sanctioning goes away, which it may do," the Russian owners will try to get their boats back , Simpson said. After all, "the government's not going to pay them."'

That said, if sanctions are dropped, the yachts will be worth much less than when they were seized, as a boat not in use deteriorates much faster than one sailing the seas.

"Those yachts need to be used to be kept in shape, kept in condition," the second broker said. "​​Just having them sit at the dock with a temporary crew on board is not good for the boats."

And the sanctioned Russians who have managed to maintain control of their superyachts won't have an easy time offloading them in the future.

Americans who try to do business with sanctioned oligarchs would have a number of hoops to jump through — like finding a bank to process the purchase, which would be next to impossible. If somehow they did and the government caught wind, they'd face hefty penalties and the transaction would be void.

So Russia's richest have found themselves "stuck" sailing in a select few countries that will let them, like the Maldives, Montenegro, and Dubai.

Watch: Video of Russian naval ship explosion shows a much-needed win for Ukraine

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Pleasure Craft

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The current position of BALANDRAU is in Balearic Sea with coordinates 41.41200° / 2.22898° as reported on 2023-03-21 15:46 by AIS to our vessel tracker app. The vessel's current speed is 0 Knots and is currently inside the port of SAN ADRIAN DE BESOS .

The vessel BALANDRAU (MMSI: 225924580) is a Pleasure Craft It's sailing under the flag of [ES] Spain .

In this page you can find informations about the vessels current position, last detected port calls, and current voyage information. If the vessels is not in coverage by AIS you will find the latest position.

The current position of BALANDRAU is detected by our AIS receivers and we are not responsible for the reliability of the data. The last position was recorded while the vessel was in Coverage by the Ais receivers of our vessel tracking app.

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The mad, passionate and inspired journeys of superyacht owners

Superyacht owners featured in the latest issue of the superyacht owner tell their unique and inspiring stories...….

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90 Sunreef Power yacht honored with the Golden Crown in the category Discovery of the year on the Russian market

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Written by Zuzana Bednarova

This image is featured as part of the article Sunreef Yachts to attend Moscow Boat Show for first time .

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "90 Sunreef Power yacht honored with the Golden Crown in the category Discovery of the year on the Russian market".

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Superyacht news:.

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Sunreef Yachts’ international promotion and development

Upcoming Spring Boat Show Season for Sunreef Yachts

‘Discovery of the Year’ Award for 90 Sunreef Power Yacht at Luxury Lifestyle Awards

Sunreef Yachts strengthens its leading position as luxury catamaran builder in 2013

Ferretti Custom Line Navetta 30 series motor yacht GINDUNGO hits water in Italy

50m luxury motor yacht BEL1 launched in Pisa by Rossinavi

Luxury yacht UNIQUE S is brand new to the charter market in the Western Mediterranean

44m superyacht EXTRA TIME new to charter around the Western Mediterranean

Baglietto announces the launch of 41m luxury yacht ASTERA

Another great special offer on board 36m motor yacht CALYPSO I

Superyacht KISMET – the 122m Lurssen motor yacht the charter market has been waiting for

37m luxury yacht LEGEND offering unparalleled comfort on charters in the Western Mediterranean

Discover our Top 10 brand new yachts available for charter worldwide this year

Florida charter yacht REAL SUMMERTIME offering 10% discount

Looking ahead to the 2024 MYBA Charter Show in Genoa

Discover summer in New England aboard a luxury charter yacht: Escape to this beautiful northeast corner of the USA

Westport announce the first hull of their 36m W117 range is nearing completion

Last minute yacht charter deals in the Bahamas

49m sailing yacht ANIMA MARIS is offering discounted rates for the remaining summer weeks in Croatia

Take advantage of the exceptional 15% discount by 44m charter yacht BLISS in Greece