Report on rise in popularity of superyacht ownership!
Published by Editorial team on 9th March 2015
Portal boatshop24.com recently provided a detailed list of 15 largest and most expensive super yachts in existence today, with estimated costs and their owners’ wealth clearly showing a huge rise in number of super yacht sales and total US$'s amounts spent on purchase of these floating palaces …
The first three graphs below are showing the richest individuals and their most expensive assets. Roman Abramovich’s giga yacht ECLIPSE is clearly the most expensive one, with estimated cost of around 1.1 billion US$’s. Mr Abramovich, the owner of Chelsea Football Club, is clearly spending more than anyone else on his luxuries and safety on board, even though he himself does not have as much wealth as the owner of the next most expensive yacht, the AZZAM, both of which are built by prestigious German shipyard Luerssen. The AZZAM’s owner, Khalifa bin Zayed al Nahyan who is the Emir of Abu Dhabi and the commander of the largest army in the Middle East, spent 600 million US$’s on his boat. Super yacht TOPAZ, owned by Mansour bin Zayed al Nahyan, the deputy Prime Minister of United Arab Emirates, is the third in the list, with a reported cost of well over 500 million US$’s. David Geffen, who is not shown on these graphs owns two super yachts, PELORUS (300 mill) and THE RISING SUN (200 mill) both of which cost him the same amount, namely 500 million US$’s.
The next graph is showing the price of all most expensive super yachts in the world and the total wealth of their respective owners. It is clear to see that some owners spent a greater proportion of their wealth on floating palaces than others. In comparison to Roman Abramovich, Paul Allen, the co-founder of Microsoft, spent only 200 million US$’s on his giga yacht OCTOPUS, even though his wealth is almost double that of Chelsea FC owner.
The next graph below is showing the huge rise in super yacht sales since 2009. This is projected against the doubling of the number of dollar billionaires which occurred at the same time. While in 2009 there were around 700 billionaires in the world, by the end of 2014 there were more than 1,600 with number of super yachts more than doubling from 200 – well over 400 during the last five years.
Final two graphs are showing the total spent on purchasing super yachts hitting close to 4 billion US$’s in the last year alone and that richest 1% in the world now control close to 50% of the total wealth, clearly corresponding to the rise in super yacht sales.
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