Super Yacht Lifestyle

As conspicuous displays of wealth go, a super yacht is up there with the best of them. Unlike private jets they are not a useful mode of transport; unlike art and property, they always depreciate in value. 

So who really buys these Super yachts in todays world?

Well Russian tycoon Andrey Melnichenko does. He owned one of the world’s largest super yachts, the Philippe Starck-designed, 119-metre (390ft) white vessel – which features three swimming pools, a helipad and bombproof glass- Motor Yacht A. He absolutely used to moor it on the Thames, next to D-day warship HMS Belfast by Tower Bridge. A very cool spot.

He put it up for sale in late 2016 and purchased Sailing yacht A – £347m, 143-metres – and that made him the owner of the tenth largest super yacht in the world. Yes; just the tenth.  In case you are wondering about the not very exciting names, they assure him top listing in the ship registry, which he must consider rather important.

What do you have to do to afford such a vessel? Melnichenko made his fortune in coal and fertilisers, if that helps. Or maybe its football you need to be more invested in – Roman Abramovich owns the second largest Super yacht the 162.5-metre Eclipse. Featuring two swimming pools one of which converts into a dance floor, an outside feature fireplace, and a leisure submarine. Perhaps a little insight into the not so fun side of their world though is the fact it is also amour plated, has a top missile defence system and bullet proof windows…

What exactly IS a super yacht? What makes a swanky yacht a super version? They are defined as boats with hulls that measure longer than 24 metres at the waterline and that need a professional crew to operate. With basic annual maintenance and operation costs expected to be 10% of the original purchase price, ownership is the preserve of multi-millionaires and billionaires. 

Considering the the longest yacht in the world is reportedly owned by the royal family of Abu Dhabi, then we can be sure they can no doubt afford to run it. The 590-foot Azzam was built in 2013, and made yachting history for not only its size but its ability to reach top speeds of more than 30 knots.

There is a famous ‘well known outside of the boating world’ super yacht called the Rising Sun, belonging to David Geffen {american billionaire, philanthropist, and Dream Works creator} It has appeared in many papers and magazines as he has hosted many a favourite celebrity on there, including the Obamas. It’s also the very striking backdrop in most of his instagram. Beautiful indeed. 

Built for the Sultan of Oman in 2008 was the Al Said. Its definitely not what you’d consider small, in fact it  boasts one of the most amazing amenities we’ve heard of: a concert hall with room for a 50-piece orchestra.(And a whole host of other amazing features, but we are still getting over the concert hall…)

So who do you contact if you fancy a super yacht?

Yachting times tell us the late Paul Allen’s sleek and versatile explorer yacht, Octopus is by far the largest yacht for sale in 2020. Whilst they will tell us about the double helicopter garage,  the cinema and recording studio, they won’t tell us the price. Pretty sure it’s one of those cases where if you have to ask, then you cant afford it.

Should you wish to release funds from your yacht – super or otherwise- then obviously you’re already in the right place. Almagrove Private Asset Finance.