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Cowboys Owner Jerry Jones Bought a $250 Million Superyacht That’s Bigger Than a Football Field

And it has two helipads, because of course., paige reddinger.

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It remains to be seen whether the Dallas Cowboys will win the Super Bowl this year, but owner Jerry Jones has already scored big. The billionaire businessman has laid down a whopping $250 million on Oceanco’s Project Bravo superyacht . The 357-foot (119 yards) vessel is longer than a football field. It has not one, but two helipads, a garage to store smaller boats, along with Jet Skis, a gym, and a full spa with a massage room and sauna.

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Jones purchased Project Bravo in December, according to CBS Dallas . And aside from the over-the-top amenities, his new toy is also environmentally friendly—as far as yachts can be such a thing. The boat came to market in November of last year and is the first yacht by Oceanco to have what’s referred to as a “LIFE” (Lengthened, Innovative, Fuel-Efficient, and Eco-Friendly) design.

“The LIFE design’s use of advanced hybrid propulsion, which incorporates significant battery capability, is combined with a single-tier engine room that allows novel use of space for outstanding luxury accommodation,” James Roy, managing director of Lateral Naval Architects, told Robb Report last year.

Pascale Reymond of the UK-based Reymond Langton Design, which was tasked with designing Project Bravo’s interior, said her team worked with artists and craftsmen on the yacht’s fabrics, furniture, and bespoke art. There’s no word on what the bespoke art might include, but Jones is a known art collector with tastes that run from modern masters like Picasso and Ellsworth Kelly to current art stars like Jenny Holzer, Eva Rothschild, and Anish Kapoor. Jones and his wife, Gene, even have a contemporary art collection housed in the Dallas Cowboys AT&T stadium . (Everything really is bigger in Texas.)

Before he was the NFL’s most recognizable owner, Jones built his fortune as an oil wildcatter and on investments in oil drilling, retail, and residential real-estate projects in Dallas. The Texas tycoon is worth $6.8 billion as of today, according to  Forbes .  The Cowboys, valued at $5 billion, is currently his most valuable asset. He bought the team for $150 million in 1989. It has won three Super Bowls since then.

As Robb Report's watch editor, Reddinger is immersed in all things horological. She has visited the top manufacturers in Switzerland and Germany, attended high-profile auctions and met with nearly…

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$250M superyacht Liva O draws 'big' attention on Seattle's Lake Union

The superyacht LIVA O, owned by billionaire Stephen Orenstein, has made a notable appearance on Seattle's Lake Union. (AJ Janavel)

SEATTLE - The superyacht LIVA O, owned by billionaire Stephen Orenstein , has made a notable appearance on Seattle's Lake Union . 

Measuring 387 feet, LIVA O is the largest superyacht ever built by the esteemed German shipbuilder Abeking & Rasmussen . For comparison, a Washington state Olympic Class ferry measures 362 feet.

Launched as the shipyard's latest masterpiece, LIVA O represents a significant achievement for Abeking & Rasmussen, which has been in operation for over 115 years. "We have once again succeeded in building an exceptional yacht," said Matthias Hellmann, CEO at Abeking & Rasmussen. "By upholding our values of innovation, quality, and client satisfaction, we have created a yacht that sets new industry standards."

Designed by Joseph Dirand Architecture in Paris, the yacht features a sleek black hull and offers luxurious amenities, including a Neptune Lounge with an underwater view, a swimming pool, a helicopter pad and a crow’s nest. The vessel also employs a diesel-electric propulsion system for quiet navigation and maneuvering. 

So how much does a yacht of this size cost? According to Superyacht Fan , Orenstein bought the yacht in 2023 for $250 million and estimates its annual running cost to be $15 to $25 million. 

The superyacht LIVA O, owned by billionaire Stephen Orenstein, has made a notable appearance on Seattle's Lake Union. ( AJ Janavel )

Who is Stephen Orenstein?

According to Forbes , Stephen Orenstein is a German-American business executive with extensive commercial real estate holdings in Germany, Italy, the U.K. and the U.S., and holds a stake in the German soccer team Eintracht Frankfurt. 

Formerly owning 75% of Supreme Group, a logistics firm that supplied food and water to the U.S. Army in Afghanistan, Orenstein took over the company in 1985 after his father's death. 

Forbes estimates his net worth at $2 billion. 

The yacht's presence in Lake Union is drawing attention from locals and yacht enthusiasts alike, marking a significant milestone in Seattle's maritime scene.

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Where Is Jerry Jones’ Yacht? Vessel Has Swarovski-Studded Furniture

Jerry Jones’ yacht has captured attention worldwide. Read more about the Dallas Cowboys owner’s $250-million yacht and where he houses it.

Feb. 17 2023, Updated 12:58 p.m. ET

How much does it cost to run the Bravo Eugenia annually?

What exciting features does jerry jones' yacht have, is jones' yacht equipped with a helicopter pad, where does jerry jones house 'bravo eugenia'.

Forget the athletes. The real star of the 2020 NFL Draft was Jerry Jones’ yacht , the $250-million Bravo Eugenia . The Dallas Cowboys owner left football fans in awe after they learned he had monitored the draft from a room aboard his 357-foot-long yacht .

At the time, ESPN reporter Don Van Natta Jr. called it a "super-flex," though it's still brought up when discussing billionaires' lifestyles and the lavish purchases they make.

Jones' yacht, constructed by Dutch superyacht builder Oceanco, has since made a splash in media after it dropped anchor outside Elliott Bay Marina in Seattle, Wash. The yacht — named after Jerry’s wife, Gene — has also been spotted docked in Miami and cruising up the Thames River in London, England.

Keep reading for details on the features Jones' boat is equipped with and where he houses it.

On its website , Oceanco says that the Bravo Eugenia is its first LIFE Design yacht. LIFE Design is an approach that “synergizes the elegance and performance of Oceanco’s vessels with a carefully considered approach to their environmental impact,” according to SuperyachtNews .

The Bravo Eugenia has “best-in-class hydrodynamic efficiency, advanced hybrid propulsion, and 100 [square meters] of extra guest space at the waterline level,” according to Oceanco.

The vessel’s other sustainability features includes integrated battery systems, waste heat recovery, and a 30 percent increase in fuel efficiency. For these advancements, the boat received the Yacht Club de Monaco’s first Belle Class Explorer Award for Technology and Innovation.

SuperYachtFan estimates that it costs between $15 million and $20 million to run annually.

With exterior styling by Nuvolari Lenard, the vessel’s proportions evoke a sport yacht more than a superyacht. “This new style will certainly create a new design stream,” said Carlo Nuvolari, a partner at Nuvolari Lenard, according to Forbes .

Reymond Langston handled the yacht's interior design. “We worked very closely with the owner to find the perfect artisans and craftsmen in creating bespoke artworks, fabrics, and signature furniture pieces that reflect the owner’s style and essence and combine to create a warm, inviting environment for all on board,” explained Pascale Reymond, a partner at Reymond Langton Design.

View this post on Instagram A post shared by Andrew Jacob Media (@andrewjacob_media)

The boat is 357 feet long, with a 53-foot beam. It offers a range of amenities, including two helicopter pads, a tender garage for watercraft, a gym, a beach club, and a spa that features a plunge pool, a rain shower, a sauna, a steam room, and a massage room.

It's also reportedly equipped with Swarovski crystal-studded furniture.

The 79-year-old also owns an ACH145 helicopter, according to Robb Report . Jones told the magazine that he originally got the 10-passenger helicopter for transportation, but it has been a boon to the Cowboys brand, too.

“It lends an aura to the Cowboys, whether we’re circling the stadium and landing in the parking lot on game day or carrying business associates and sponsors,” he explained. “It gets [fans’] attention and keeps them thinking about us. I’m being facetious, but I’m also half-serious here. I’d like to take it and land it on every road in Texas. Or maybe have five, landing in every community across the U.S. It’s a real attention magnet.”

Cowboys owner Jerry Jones’ 357 foot yacht (named Gene, after his wife) just sitting in Puget Sound (Seattle). Too big to park at the marina. $250 million yacht has a gym, pool, steam & massage rooms, sauna & 2 helipads. Hate I missed that invite! pic.twitter.com/h6hqZqwUEO — Robin Carlin (@robincarlin) August 10, 2020

When Jones isn't out enjoying life on the water aboard his superyacht Bravo Eugenia , it's likely docked at Elliott Bay Marina in Seattle. The Cowboys owner might also rely on other docks to house his yacht depending on where he is.

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Dallas Cowboys Owner Jerry Jones Buys a Football Field-Sized, $250,000,000 Superyacht

By Kyle Cheromcha

Updated on Jan 12, 2019 6:03 PM EST

While you might have spent Christmas forcing a smile at yet another reusable water bottle, billionaire Dallas Cowboys owner and NFL big shot Jerry Jones unwrapped a new $250 million, 357-foot superyacht called the Bravo Eugenia. The rich—they’re just like us!

Whether or not you agree with (or care about) the decisions Jones has made as owner of the Cowboys—which, it should be pointed out, he bought for a mere $150 million in 1989—we can all come together and collectively drop our jaws at this sheer display of floating wealth.

Named for Jones’ wife Gene, the Bravo Eugenia is packed with everything a modern billionaire needs, including teak decking, two helipads, a full spa and gym, a garage for smaller boats and jet-skis, and a full staff to keep everything running smoothly. Jones has managed to keep any other details under wraps, so just know that this thing is fancy.

According to Yacht Harbour,   the newly-christened Jerry Boat was designed by Nuvolari Lenard and Lateral Naval Architects and built by the Dutch yacht masters at Oceanco. It features a slimline design and a a hybrid diesel powertrain to slice through the water more efficiently. The 4,000 gross tonnage ship can hit 17.5 knots or 20 mph, just under the top speed of most NFL running backs.

View this post on Instagram A post shared by BENROTSAP (@benrotsap_photography)

Jones and his wife took delivery of the yacht just before Christmas and passed the Yuletide on its maiden cruise around Scandinavia. Running the world’s most valuable sports franchise does come with some key benefits. Still, it’s not the biggest superyacht owned by any sports tycoon. That honor goes to the 533-foot Eclipse, the second-longest private yacht in the world, which belongs to Russian billionaire and Chelsea F.C. owner Roman Abramovich.

The Bravo Eugenia is also missing the anti-ballistic missile defense systems found in Eclipse—Jones better hope his Dallas Cowboys beat the Los Angeles Rams in their postseason divisional matchup on Saturday.

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Joe Lewis’ $250 million superyacht, ranked among the world’s 25-most valuable, sets sail after he pays US fine

Joe Lewis’ superyacht is on the move again after spending most of the past year holed up in a Mediterranean port while the British billionaire faced insider-trading charges in the US.

His 322-foot (98-meter) Aviva — which he put up as collateral for bail —  has traveled more than 400 nautical miles from Malta to cities along Albania’s coast as well as the Greek island of Zakynthos since  he was sentenced  April 4 to three years probation, according to data compiled by Bloomberg.

After departing Zakynthos earlier this week, the Tavistock Group founder’s yacht was near Kalamata in southern Greece on Thursday morning local time, the data show. It’s the most the roughly $250 million vessel has traveled in about seven months, though it’s unclear if Lewis is on board.

Lewis, 87, pledged his yacht along with his private jet to secure his release following his arrest in July. A few months later, Aviva docked until April 5 in the Maltese capital of Valletta, where it can cost as much as €750 ($800) a night to moor vessels that exceed 75 meters.

Lewis, who was scheduled to have eye surgery in London recently, was prohibited from setting foot on the yacht that has long served as part-residence, part-office while awaiting trial. He was only allowed on board after paying a $5 million fine after sentencing, which he settled soon after the verdict in Manhattan.

A representative for Lewis, who has a net worth of about $7.3 billion according to the Bloomberg Billionaires Index, declined to comment.

Lewis, whose global empire includes five-star hotels, private lenders and enclaves for the wealthy, launched Aviva in 2017. It includes eight guest suites, a helipad, padel tennis court, spa and a cinema. It ranked among the world’s 25-most valuable superyachts shortly after its launch, alongside those owned by Middle Eastern royals.

The yacht has also displayed works from Lewis’ private art collection, which is valued at more than $1 billion and includes pieces by Picasso, Freud, Klimt and Degas.

Events that authorities say took place on the yacht were a key piece of evidence that prosecutors used against him. 

At dinner one night in September 2019, the billionaire received favorable news about Mirati Therapeutics Inc., an oncology company where he was a major investor, leading him to pass along the tip to a host of people, including the pilots of his private jet, according to US regulators.

Those pilots — Bryan “Marty” Waugh and Patrick O’Connor — were also charged with trading on inside information. O’Connor pleaded guilty to securities fraud and conspiracy and is due to be sentenced in May, while Waugh is fighting the charges.

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Jerry Jones' $250 Million Yacht is Longer Than a Football Field

When your name is Jerry Jones and you are the owner of the most valuable sports franchise in the world, chances are the gifts you purchase for yourself won't be made at your local mall. Well, unless you are buying the entire shopping center, but that's a completely different story. Yet, real estate doesn't even come close to Jones' latest toy.

Dallas Cowboys owner Jerry Jones bought a yacht , but it's not just some ordinary old boat. It's the AT&T Stadium of super yachts and was delivered by Dutch shipyard Oceanco to the U.S. billionaire just before the holiday season on December 20, 2018.

Everyone knew Jones had crazy money — with a net worth estimated at $10.7 billion by Forbes — but he spent $250 million on a yacht that's longer than an NFL football field. Try wrapping your mind around that.

Jerry Jones Yacht

RELATED: Jerry Jones' Net Worth: How the Cowboys Owner Became a Billionaire

Is it one of the largest mega-yachts ever? No, but who cares? This thing is incredible to look at, let alone use whenever you feel like it.

Here are some crazy facts you need to know this beauty:

It's Longer Than a Football Field

Jerry Jones bought the Dallas Cowboys for $140 million in 1989, they are now worth over $6.5 billion. Jerry Jones also bought a $250 million super-yacht in 2019, which has depreciated in value. He was laughed at for the former, but not the latter. pic.twitter.com/qXyO5MAf3p — Joe Pompliano (@JoePompliano) August 6, 2021

According to YachtHarbour.com , the yacht is 109-meters long (which is about 357 feet) and features more luxurious amenities than you probably can stomach. Just know it has a gym on the lower deck, a beach club, massage room, sauna and steam room, plunge pool, a garage for water toys, and a helipad, thanks to Remond Langton Designs, for starters.

Designed by Nuvolari Lenard and built in the Netherlands, the yacht technically launched in 2017, but was delivered to the billionaire owner of the Dallas Cowboys in December 2018. The naval architecture by Lateral Naval Architects helped made it the first yacht to have a LIFE (Lengthened, Innovative, Fuel Efficient, Eco Friendly) design.

It has a top speed of 17.5 knots, which is about as fast as Pro Bowl running back Ezekiel Elliott .

So imagine an entire 100-yard football field moving as fast as the Cowboys star running back, and that's what Jones has in his fancy 360-foot yacht.

It's Named After His Wife

View this post on Instagram A post shared by BENROTSAP (@benrotsap_photography)

The state-of-the-art yacht has to have a name, and the 76-year-old Jones made sure to please his significant other before the credit card bill came in the mail. The new yacht is called Bravo Eugenia and named after Jones' wife, Gene Jones, according to the Fort Worth Star-Telegram .

The couple took the Bravo Eugenia out on a Christmas cruise in Scandinavia. Not too shabby for a maiden voyage.

How Much Does It Cost?

Jerry Jones’ draft room is on his $250 million super-yacht. Now that’s a super-flex. pic.twitter.com/ZJwgrUcehX — Don Van Natta Jr. (@DVNJr) April 24, 2020

You read that correctly. Jones paid more for this amazing vessel than he did for the Dallas Cowboys and not just by a small amount. Jones bought America's Team for $140 million back in 1989 and just took care of a $250 million price tag for Bravo Eugenia.

It's safe to say Jerry Jones is living his best life right now and it has nothing to do with bringing a Super Bowl back to Texas.

Inside the Yacht

A look inside Jerry Jones' $250 million, 357-foot yacht where he is currently drafting from. #NFLDraft https://t.co/FqyVHTuqAY pic.twitter.com/LcTcFYDVLh — Jeff Eisenband (@JeffEisenband) April 24, 2020

Fans got a glimpse of inside Jones' incredible yacht during the 2020 NFL Draft, and the interior design done by Reymond Langton Design was on full display.

The Cowboys owner drafted from inside the mega boat's "war room" while the draft went virtual on ESPN due to the coronavirus pandemic and COVID-19 outbreak. NFL fans on social media had a field day with this, of course.

It doesn't matter if Jerry Jones is taking his incredible yacht to Miami, New York or Seattle, it's guaranteed to be the biggest boat on the waters.

This article was originally published January 9, 2019.

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Having a ball

Jerry jones buys $250 million superyacht that’s as long as a football field.

Jerry Jones, the high-flying billionaire owner of the Dallas Cowboys, lassoed one heck of a Christmas gift: a $250 million, helipad-equipped superyacht bearing the name of his wife.

Websites that cover the yachting industry report that Jones took delivery of a nearly 360-foot, Dutch-built yacht on December 20 somewhere in Scandinavia. It just so happens that the field at AT&T Stadium measures 360 feet in length. In other words, Jones’ new seagoing toy is, fittingly, as long as a football field.

Famed Italian yacht design firm Nuvolari Lenard drew up plans for Jones’ new vessel, with the United Kingdom’s Lateral Naval Architects assuming the naval architecture tasks and U.K. yacht specialist Reymond Langton Design handling interior design.

The superyacht is said to be the first yacht constructed in accordance with LIFE (Lengthened, Innovative, Fuel-efficient, Eco-friendly) standards. Dutch shipyard Oceanco built the hybrid-powered vessel.

Superyachts.com describes the design of the yacht as “dynamic, futuristic, and minimalist.” Nuvolari Lenard says the yacht’s exterior features “a stunningly sleek profile without sacrificing any interior space.”

Pascale Raymond, a partner at Reymond Langton Design, says in a November release from Oceanco that the firm “worked with artisans and craftsmen to create bespoke artworks, fabrics, and signature furniture pieces that all combine to create a warm, inviting environment on board for the [owner’s] family and guests.”

“The interior is a sophisticated, elegant, contemporary design that features light maple wood and white pearl lacquer with contrasting accents of walnut and ebony,” according to a December release from Oceanco.

Other highlights of the luxury ship include:

• A helicopter landing platform.
• A storage area for “water toys.”
• A spa with a sauna, steam room, massage room, “plunge” pool and “rain” shower.
• A lower-deck gym.
• A “beach club” described as “generous and luxurious.”

The yacht — named Bravo Eugenia after Jones’ wife, Eugenia (better known as "Gene") — reportedly can sail at a top speed of 17.5 knots, equivalent to about 20 mph. By the way, that’s also around the top speed of Cowboys running back Ezekiel Elliott.

Bravo Eugenia ’s cabins reportedly can accommodate an estimated 14 passengers and an estimated 20 crew members.

This vessel apparently replaces a Jones-owned yacht we told you about back in 2013 . At the time, the 290-foot yacht, named Nirvana , was up for sale with a price tag of about $300 million.

As of January 2019, Forbes pegged Jones’ net worth at $6.8 billion. The Cowboys, valued at $5 billion, account for the largest chunk of his fortune.

Meet "Bravo Eugenia."

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Reece Weaver , a fan favorite on the hit Netflix series America's Sweethearts: Dallas Cowboys Cheerleaders , married her college beau Will Allman in a fairytale wedding - complete with a Disney touch.

The University of Alabama sweethearts wed in the bride’s home state of Florida on April 20, 2024. Despite the couple's posts of gorgeous photos on Instagram the last few months, the first behind-the-scenes details were reported by People magazine on August 9 (aka week one of Cowboys pre-season).

On America’s Sweethearts , Weaver was a DCC rookie known as a sweet Southern belle as devoted to her religious faith and her fiancé as she was to making the team. Her romance and engagement to Allman, her first boyfriend, was part of her story arc.

According to People , the ceremony took place outdoors at the Barn At Cottonwood Ranch in Callahan, Florida. Weaver walked down the aisle to a song from her favorite Disney movie, Tangled.

She wore a strapless A-line gown from The White Magnolia Bridal , while the groom wore a light blue suit in keeping with the event’s spring color palette.

In photos captured by Laura Perez Photography and published in People , Weaver and Allman can be seen exchanging vows before a large wooden cross adorned with flowers. According to People , they took Holy Communion as part of the ceremony, and the officiant offered prayers for them.

View this post on Instagram A post shared by Florida + Destination Wedding & Portrait Photographer (@lauraperezphotographyllc)

At the reception, the magazine says, their 250 guests feasted on Mission BBQ and two cakes - a tiered confection by Crème de la Cocoa and one in the shape of the Alabama's football field, where the couple met.

The wedding reportedly was attended by several fellow DCC cheerleaders, so naturally a performance of their iconic “Thunderstruck” routine took place later in the evening.

View this post on Instagram A post shared by Reece Weaver (@reece_christinee)

For more photos and details of the wedding, visit People .

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Cowboys owner Jerry Jones' new $250 million yacht is way more impressive than your yacht

Don't worry, your yacht is still fine.

Dallas Cowboys owner Jerry Jones is having himself quite a 2019 already. Not only are the Cowboys fresh off their first playoff win since 2014, but Jones also bought himself a $250 million yacht. Not too shabby, I guess.

If you're wondering what the hell a $250 million yacht even looks like, well ... look no further. Here's a very fancy video that gives you a good look at the exterior of the massive vessel. 

The 358-foot long boat looks more like a battleship than it does a weekend getaway vessel, but I guess that's the kind of flex you can make when your net worth is $6.8 billion. 

So what kind of features do you get with a $250 million yacht? According to the Washington Post , the ship boasts two helipads, a spa, gym, a beach club and more. It can accommodate 14 passengers in addition to 20 crew members.

It's worth noting that Jones paid more for the yacht than he did for the Cowboys back in 1989, even with inflation adjustment. The $150 million he paid for the team would be around $209 million today. Considering the Cowboys are now the most valuable sports franchise in the world with an evaluation of just under $5 billion, this boat has a lot to live up to. 

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Our yacht operating cost calculator is now on it’s third major revision. We start with actual yacht expense data from our yacht management accountants and then generate formulas to extrapolate out the budget for a wide range of yachts. We have been providing accounting services to large yachts for the past 18 years.

Our operating cost calculator is tuned for yachts from 80 to 600 feet. We find operating variables create the largest variances for yachts smaller than 100 feet and larger than 250 feet. We have tested the numbers the most in the range from 100 to 250 feet.

Our budget calculator factors in the fuel burn for a range of engine sizes typically seen installed on yachts by length. By dragging the green “fuel dockage” slider to the right you will increase the projected fuel burn rate and therefore the budget cost for fuel. Our default position would be for a typical displacement fuel burn. Position the slider in the 60-80% range for fuel projections for planning hulls.

Our default values produce a budget number that we believe is generous to run a yacht to a high standard. Perfect is a very expensive word to use in the yachting industry where standards are already high. Moving the crew and maintenance sliders to 80% will provide an “industry best” quality of crew and give them the maintenance budget to operate to a very high standard. If you need to go over the 80% area then you may have unusually labor intensive equipment on the yacht.

Yes, our yacht operating cost calculator can output a budget suitable for this situation. Adjust the owner use to 2 (minimum value), owner slider to 0, crew slider to 10%, Administration to 10%, Fuel and Dockage to 0, Maintenance to 10% and then Capital Repairs to 0. This will remove all of the large charges associated with owner use and vessel movement but leave the essential base maintenance and insurance in place.

Lift on and float in yacht transport is a popular way to transport yachts across large ocean passage. The yachts that this service certainly applies to are ones that may not have the motoring range or structural integrity for blue ocean cruising. The cost of transporting a yacht twice per year is put into our budget once the “Fuel Dockage” slider hits 75%. If your yacht has the range we recommend self-sufficient ocean passages whenever possible. Whilst the transport companies sell their services based upon reportedly well oiled operated schedules the reality is that your yacht may stay waiting for pickup for a week or more with no compensation due. When factoring in all secondary factors of self-sufficient passages (increased fuel, maintenance, potential storm damage, crew time off, extra delivery crew) compared with transporting your yacht (insurance, potential loading / unloading damage, loss of schedule control, no work whilst underway, crew flights, crew accommodation) we believe that there is a 100% premium associated with float in transport and a 75% premium with lift on transport compared with self-powered.

Abandoned yachts crash in value. We recommend that even if you are trying to sell your yacht that you use the yacht for a minimum of two weeks per year so that systems are tested and working every six months. There is nothing worse for a yacht than not being used. If you truly are not going to use the yacht then you should sell it immediately for the first genuine offer as every dollar you put into maintenance will not be recovered at the time of the sale.

We did not build this version with sailing yachts in mind. Early in our development of this version we decided to exclude sailing yachts as a few of the major cost drivers scale very differently for sailing yachts compared with motor yachts. For example: To calculate paint costs we reviewed the surface area of over 100 large yachts and created a formula for painted surface area to length. Sailing yachts just don’t scale in a consistent way. Similarly crew numbers don’t scale in the same manner that they do for motor yachts. If there is sufficient demand we may build a sailing selector switch into a future version of this tool.

We hate to hear when yacht owners were told by their broker to factor in 10% of the purchase price to operate the yacht. This over used saying is sadly right occasionally (particularly for newer yachts in the $20-30M range)… but just because a broken watch tells the right time twice a day you shouldn’t rely upon it to tell the time. As yachts get older their capital value decreases but their maintenance costs increase. There is no way that a fixed 10% of purchase cost rule can be true… if your broker told you this rule then you need a new yacht broker… we know some good ones. 😊

Advanced functionality coming soon…

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Sunk Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

FILE PHOTO: Bayesian, a 56-meter-long sailboat, which later sank off the Sicilian capital Palermo, is seen in Santa Flavia, Italy August 18, 2024 in this picture obtained from social media. Baia Santa Nicolicchia/Fabio La Bianca/via REUTERS/File Photo

By Noor Zainab Hussain and Carolyn Cohn

LONDON (Reuters) - Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts.

The British-flagged 56-metre-long (184-foot-long) yacht, which the experts estimated cost around $40 million, capsized and went down on Aug. 19 within minutes of being hit by a pre-dawn storm while anchored off northern Sicily.

The superyacht's hull was insured against physical damage by yacht insurance provider OMAC and a consortium of insurers including Travelers Companies Inc, Navium Marine and Convex, Reuters reported last week.

Its protection and indemnity (P&I) insurance, which typically covers third-party liability claims including for environmental damage, injury and death, was provided by British Marine.

The hull was likely insured for around $40 million, while the P&I cover would be larger, insurance sources said.

"Our understanding is that the cost of the boat was between $40 and $50 million, so the limit of the hull & machinery policy was probably around those values," said Marcos Alvarez, managing director, global financial institution ratings at Morningstar DBRS.

The P&I policy would likely be "several multiples" of the hull policy, or $200-300 million, Alvarez added, noting it would also likely cover liability payments even if the captain or crew are found to be negligent.

Prosecutors in the town of Termini Imerese, near Palermo, are investigating the captain and two other crew members. An investigation does not imply guilt or mean formal charges will follow. Prosecutors have said the probe would take time and require salvaging the wreck.

Oscar Seikaly, CEO of broker NSI Insurance Group, that provides yacht insurance, estimated the hull value at $40-70 million, but said P&I cover might not total more than $100 million.

P&I insurance would also cover recovery of the Bayesian, said Francesco Dubbioso, country manager for Italy for insurer Alta Signa Europe, who estimated the superyacht's value at $30 million to $40 million.

Reuters is the first to report the potential insurance costs. OMAC, Travelers and Navium Marine did not immediately respond to Reuters' for comment. Convex declined to comment.

The Bayesian disaster, which has puzzled experts who said the boat would have been built to withstand a severe storm, adds to recent woes for yacht insurers, who have faced a raft of hurricane losses in the past few years.

Premium rates have risen by four to five times in the past couple of years in parts of the U.S. and the Caribbean, and yacht insurers have cut the amount of cover they provide because of the risks, Seikaly said.

As a result, insurers have increased rates and re-evaluated their guidelines and risk appetite, according to industry experts.

As well as hurricanes, insured losses have mostly stemmed from severe storms, floods, and other weather events in North America, the Caribbean, and Europe, according to a report by broker Marsh.

Seikaly said four clients had last week been ready to buy boats but changed their minds because of the high cost of insurance.

Climate change was also likely to add to yacht insurers' worries, Seikaly added, as it throws up more unexpected events.

"Whoever thought a storm in the Mediterranean in the month of August is going to sink a ship?"

(Additional reporting by Sinead Cruise; editing by Michelle Price and Sandra Maler)

Copyright 2024 Thomson Reuters .

Photos You Should See - July 2024

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Steward Health Care Chairman and CEO Ralph de la Torre speaking in Gozo in 2018 as Armin Ernst (first from left) looks on.

Opinion: Ralph is in a hurry, his yachts are waiting

The charming cardiac surgeon always seemed like a man in a hurry.  Ralph de la Torre,  Steward Healthcare System CEO, had no time to waste.  He wanted to conclude the lucrative deal with disgraced former prime minister Joseph Muscat as quickly as possible.

Armin Ernst, CEO of Steward Healthcare International, urged the company lawyer on 27 January 2018 to seal the deal because “Ralph does not want to wait,” emails revealed.

By April 2018, de la Torre was feted in Castille by Joseph Muscat, who deftly duped the country: “The relationship (between Steward and Malta) will bring excellent results to Malta’s healthcare”.

De la Torre added his two cents: “Steward will be providing a transparent service”.

Reporters weren’t allowed to ask questions as Muscat escorted de la Torre away.

Those reporters were only allowed in for five minutes – after that, Muscat and de la Torre met behind closed doors.

Meanwhile, Muscat’s Deputy, Chris Fearne, was busy reinforcing Muscat’s lies.  Steward, he told us, was “the real deal”.

Fearne now faces a criminal trial for his part in the biggest fraud in Malta’s history. Never since then has he apologised for duping the nation, and not once has he expressed any regret for lending his credibility to Muscat’s con.

Even after Muscat was ousted, Fearne continued to approve hundreds of millions of euro to be funnelled to Steward.

A joint investigation between the OCCRP, The Shift and The Times of Malta revealed the contents of filings before the US Securities and Exchange Commission.  These allege that Ralph de la Torre offered Joseph Muscat a seat on the Steward board after he left office.

De la Torre is busy hitting the headlines. He’s being blamed for Steward’s bankruptcy.

Steward hospitals are being shut down .  Workers were left unpaid .

A Steward hospital in Florida was infested with 3,000 bats.  Another in Phoenix, sizzling at 30 degrees Celsius, was forced to transfer patients out after its air-conditioning system was left to fall apart.  Its kitchen was closed for health violations, and the state ordered it to cease operations.

Massachusetts set aside US$80 million per year and paid US$30 million in advance to try and save some of the Steward hospitals in the State. Governor Maura Healey used her power as State Governor to take over St Elizabeth’s medical centre for public use, costing the State another US$4.5 million.

Two other hospitals, Carney Hospital and Nashoba Valley Medical Centre, which treated 23,000 patients and employed 1,250 people, are due to shut down.

Another two hospitals were closed in July. The New England Sinai Hospital closed its doors in April.

The American Prospect reported that Steward had been on an inevitable path to financial collapse since its previous owners, Cerberus Capital, looted the company of US$1.26 billion in 2016.

Steward was already in deep trouble when Muscat shook hands with de la Torre in Castille in 2018.

Disgraced former prime minister Joseph Muscat with his aides in a meeting Ralph de la Torre and Armin Ernst in 2018.

De la Torre made over US$100 million by selling all of Steward’s hospitals to a real estate investment trust called Medical Properties Trust (MPT) in a sale-leaseback deal which bound the hospitals to pay MPT extensive rent.

With that money, de la Torre bought a 190 foot yacht worth US$40 million dollars called Amaral and a US$15 million dollar sport fishing boat.

As Steward was losing hundreds of millions of dollars a year, de la Torre was paid at least US$250 million dollars.

No wonder he purchased a US$7.2 million, 500 acre ranch in Texas, and a massive mansion in Dallas.

A Steward affiliate, majority owned by de la Torre, purchased two private jets at a cost of us$95 million, the Boston Globe reported.

While Prime Minister Robert Abela was pumping hundreds of millions of our money to Steward, Ralph de la Torre married his 29-year-old second wife Nicole Costa in an elaborate ceremony on the Amalfi Coast.

At around the same time Steward paid US$3 million to Greenhill School in Texas where de la Torre’s two teenage sons from his first wedding were admitted to high school.

The health minister at the time the Vitals Global Healthcare deal was shifted to Steward, the health minister at the time, Chris Fearne, tried to convince us that Steward was “the real deal”.  Meanwhile, The Washington Post called Steward “the biggest hospitals failure in decades”.  Massachusetts’ Governor called Steward “a really bad operator”.

Massachusetts governor Maura Healey said, “I am disgusted by Ralph de la Torre”.

She said: “He basically stole millions out of Steward on the backs of patients and workers and bought himself fancy yachts, mansions and now lavish trips to Versailles”.

De la Torre was filmed attending an Olympics dressage event even as Steward hospitals were being closed down and he was subpoenaed to appear before Congress. “I hope he gets his just dues and that federal investigators will come after him”, she added.

Senator Bernie Sanders said, “Ralph de la Torre, Steward CEO is the poster child for the type of the outrageous corporate greed that is permeating our for-profit healthcare system.” He was right.

De la Torre kept spinning lies to the American public promising that his hospitals would continue to operate when he knew they were doomed to fail.

“Steward does not expect any interruptions to its day to day operations,” he said in May.  Steward kept trying to attract patients because they were its only source of income.  But Steward had stopped paying its suppliers and was short on everything – from medical supplies, toilet paper, to medical equipment. Just days later Steward hospitals were closing down or being possessed by the State.

Steward is now under federal investigation for fraud and corruption.  De la Torre will be dragged before Congress next month. He might yet be charged in Malta too.

A federal grand jury in Boston is investigating Steward to determine whether it violated anti-bribery laws in Malta.

Governor Healey laid the blame for Steward’s financial meltdown squarely at the feet of Ralph de la Torre. “Good riddance and goodbye,” was her parting shot.

Joseph Muscat told his friend de la Torre: “I am confident your involvement in this project and country will yield exceptional results”.

Robert Abela defended Steward’s record in parliament and attacked the magistrate who uncovered the shocking fraud in Labour’s Vitals-Steward deal.

When will Labour finally apologise to the country?

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It will be a long wait and meantime all those involved, whether in the US or Malta will continue to enjoy their ill gotten money at the expense of people who are being denied medical care.

And they couldn’t care less as long as the gravy train keeps stopping at their troughs!

I am currently involved in the care of a relative, and can truthfully say that, it is clearly evident that the health care system in Malta is being denied the finance it needs to run smoothly. Start by getting rid of those so called security people, they are there doing nothing , and the number of clerks, some of whom do not care about the patients, and others who cannot guide a patient to the right direction. Yesterday we needed to go from Oncology Phlebotomy to Materdie Phlebotomy, which we did not know exactly where it was, a person on the phone gave us directions to the out patient department, ooops that is where the help stopped, ask these G4S people for Phlebotomy, and you see the stare of wonder, finally after searching the signage we made it to the department, the so called security guard insisted that he sees the paper appointment, no not digital copy, the paper copy, or else leave and come back with the paper. FFS 2024 and this idiot is insisting on a paper copy.Get to reception, after literally telling the guard where to go and how to get there, ans she is insisting that the patient does not have an appointment, show her the patients appointment email, and she does not know what hit her. It was only through the intervention of a woman, in a blue uniform, who I took to be a nurse, that we got seen to. These things are happening every single minute of the day.

Grazie Profs – excellent report.

Good article Kevin, brings tears to my eyes thinking how the Maltese element in this horrendous scam are just giving everyone the finger and smirking every time they appear in court. Hopefully the Karma they get will nullify any hopes they have of a happy and lucrative retirement.

“Steward will be providing a transparent service”. So transparent, in fact, it can hardly be seen.

How much of this information was available to fearne in 2018?

How about finding out about the testimony and submissions in thee arbitration proceedings between Steward and the Maltese Government [about our money]?

De la Torre is in a hurry, as his yacht, fishing boat and private jets are all waiting to ferry him around the globe on very costly joy-rides at the expense of all those he swindled.

It will take a longish time, one presumes, before he can do that. One only hopes that these possessions will still be in working order and available to him when he eventually finishes his prison sentence and will be free to enjoy them – if at all.

In the meantime, here in Mala, patients seeking emergency treatment at Mater Dei have to ‘enjoy’ waiting, sometimes in agonizing pain or discomfort, for 10 to 12 hours before being seen by doctors and medical personnel working under pressure – probably to be then found a stretcher and be dumped in a basement corridor with so many others in the same condition and without any privacy.

There were boundless millions for the De la Torres of Stewards for milking the local health system – but only plentiful inconvenience and misery for those who have to seek medical services at the public health facilities!

Qed tara ta’ xiex hallast, Gahan. Kompli capcap, siehbi!

Can AI produce a flow chart of all these deals? I wonder.

Chris FEARNE MHUX VERGNI daqs kemm jahseb li hu. MINIEX NGHID li hu KORROT IMMA ZGUR GHANDU XI IWIEGEB Chris xi kultant idhol fil YouTube fittex il PROGRAMM ta Xtra ta saviour balzan u erga ghara il PROGRAMM li kellek ma ONOR CLAUDETE

An apology is too cheap for a such a treasonous and deliberate act towards the citizens of Malta, who trusted them with the running of the country.

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The billionaire's social calendar: The must-attend events for the world's wealthiest business icons

• Billionaires are predictable — and they like to stick together.
• Each year they attend a standard set of parties, festivals, and conferences.
• Here's where you can find a billionaire at any time of year — and how much it will cost you to join in on the fun.

There are around 2,780 billionaires in the world , according to Forbes. That's about 0.00003% of the global population.

And despite their scarcity, these billionaires are surprisingly easy to find . After all, birds of a feather — especially those of a small brood — flock their private jets together. At the start of the year, they descend en masse on Davos. In July, they fly to Sun Valley before, every four years, making their way to the summer Olympics . In December, their yachts anchor in St. Barts.

Here's where billionaires mingle, wheel and deal, and relax, and how you can join them — for a small price, of course.

January: Davos

After billionaires shake off their New Year's Eve hangovers, many make their way to Switzerland for the World Economic Forum's annual meeting in Davos to attend lavish dinners, hit the slopes, and discuss the global problem du jour.

The official event is invite-only and costs tens of thousands per ticket. But those who want to rub shoulders with attendees — think Bill Gates, Marc Benioff, and Mark Zuckerberg — aren't completely barred from the Alpine resort.

Many of Davos' luxury hotels , like the Steigenberger Grandhotel Belvédère and AlpenGold, are closed to the public, so you'd be better off renting an apartment. Those don't come cheap, though. Local outlets reported that rentals went for 10-times their typical prices last year. One apartment with two double beds and a pull-out sofa cost nearly $27,500 to rent for the five nights of the conference.

And good luck finding food. With most of the restaurants booked up for conference events, you may be left paying $43 for a hot dog.

February: Super Bowl

NFL teams are among the most popular toys of the ultrarich : Walmart's Rob Walton has the Broncos, hedge fund manager David Tepper owns the Panthers, real estate tycoon Stanley Kroenke boasts the Rams, Jerry Jones controls the Cowboys, and so on.

So it's no surprise that a number of billionaires flock to the sport's biggest game every year, though Super Bowl weekend as a billionaire involves more than just wings and great commercials.

Host committees and travel agencies have curated luxury experiences for the richest football fans that cost six figures and include chartered jets, five-star accommodations, and access to the field after the game. Suites for this season's game in Las Vegas are going for up to $3 million on rental platform Suite Luxury Group .

There are also the private parties, known for their superstar performers — in some cases, ones particularly familiar with billionaires. Last year, DJ D-Sol, also known as Goldman Sachs CEO David Solomon, reportedly spun a set at a party attended by billionaires like Jeff Bezos and Apollo cofounder Josh Harris.

March: Hong Kong's Art Basel

Last year marked the grand reopening of Hong Kong's Art Basel after a three-year coronavirus hiatus. Wealthy Chinese carpooled together in private jets to the fair, Bloomberg reported, and spent millions adding to their collections.

In a savvy scheduling maneuver, the 2023 art fair coincided with the Wealth for Good summit. The conference, a push to get more family offices to set up in the city, counted billionaires like Yahoo cofounder Jerry Yang, Sequoia Capital China's Neil Shen, and local real estate magnate Adam Kwok as its attendees.

Artsy clocked more than a dozen seven-figure sales at the art fair, including work like George Condo's "Purple Compression" and Kazuo Shiraga's "Kisan," which sold for $4.75 million and $5 million, respectively. One of the fair's most famous sale's came in 2018, when Microsoft cofounder Paul Allen sold Willem de Kooning's "Untitled XII, 1975" for $35 million to a private collector.

April: The Masters Tournament

Forget Easter. The first signs of spring mean one thing for billionaires: golf.

Each year, the Masters Tournament kicks off the run of major professional golf championships at Augusta National. The famously exclusive club in Georgia — it didn't allow women to join until 2012 — counts a number of billionaires as members.

Pals Warren Buffett and Bill Gates, as well as Warren Stephens, David Ziff, and Stanley Druckenmiller, belong to the club, Bloomberg reported in 2015.

Each year, hundreds of private aircraft land at the airports around Augusta , according to information from the aircraft-tracking website JetSpy .

Billionaires like former Nike CEO Phil Knight, hotelier Robert Rowling, and investor Herbert Allen Jr. all had planes touch down for last year's tournament, according to the Jetspy data. So did Tiger Woods — the only billionaire winner of The Masters.

His victory means he is the proud owner of one of Augusta National's iconic green jackets, which are only allotted to members and Masters winners.

The secretive club hasn't ever spelled out its membership process, but it's invite-only, and new members can only join when existing ones leave.

You can, though, spectate alongside some of the biggest names in business. Tickets for the Masters are available through a lottery system — or for as much as $10,000 on the secondary market.

May: The Cannes Film Festival

Summer starts early for billionaires, who dock their yachts for the Cannes Film Festival at the end of May. While the event is technically reserved for industry professionals, per its website, the super-rich can, of course, pay to play. For them, the fete is as much an opportunity to get a first look at Oscar winners as it is an opportunity to mingle with stars on the Croisette.

It was one of the first stops on Jeff Bezos' 2023 grand debut tour of his $500 million superyacht Koru , which he disembarked to hit up the Vanity Fair party at the Hotel du Cap-Eden-Roc, a favorite venue of the very wealthy and those who court them. Other guests included A-listers Robert de Niro, Naomi Campbell, and Pedro Almodovar. In years past, the likes of David Geffen and Len Blavatnik have turned up at the same event.

Billionaires like François-Henri Pinault and the late Paul Allen have hosted their own parties at the film festival: The former throws the Kering Women in Motion Dinner each year, while the latter was known for his themed yacht parties .

Notably missing from the French Riviera this year? The yachts of Russian Oligarchs .

June: The Royal Ascot

While a number of billionaires spend June in the Hamptons or crisscrossing the Mediterranean , some prefer to spend it on dryer land. The headline billionaires at the Royal Ascot — an annual horse race held about 25 miles outside London — are, unsurprisingly, the members of the British royal family.

But many other members of the three comma club, and their hats, are in attendance. The rich crowd is different from the one at a typical F1 Grand Prix , and some billionaire horse owners — like Chanel's Alain and Gerard Wertheimer; the shipping scions of the Niarchos family; Tetra Pak heiress Kirsten Rausing; and construction magnate Anthony Bamford — have even had skin in the game .

For over 200 years, the Royal Ascot has been open to the public — about 300,000 people attend the five-day event — but don't expect to get anywhere near the rich and famous. Joining the Royal Enclosure requires a special application process, including having two sponsors. Plus, there's a strict dress code — no spaghetti straps or bow ties allowed — and kids under 10 years old are not allowed.

July: Allen & Company Sun Valley Conference

Every July, private jets descend on the small town of Hailey, Idaho, for the summer counterpart to Davos: the Allen & Company Sun Valley Conference — also known as billionaire summer camp.

Since 1983, boutique investment bank Allen & Co — its president, Herbert Allen, is a billionaire himself — has hosted the event, which attracts the biggest and richest names in business, including Bill Gates, Mark Zuckerberg, Warren Buffett, and Rupert Murdoch.

Private planes touch down in the small town of Sun Valley for the conference, which has become known for the deals struck in between rounds of golf, guided hikes, whitewater rafting, and tennis matches. It's where Jeff Bezos snagged The Washington Post for $250 million in 2013 and where the seed for Disney's $19 billion acquisition of ABC was planted in 1995.

This year's hot topics included the planned sale of Paramount to Skydance — with Shari Redstone making a grand entrance — artificial intelligence, and the 2024 election.

The vacation-cum-business-meeting is invite-only and pretty much restricted to masters of the universe dressed in vests and quarter-zips — as well as their entourages. Security is strict, with even the press walled off from most of the wheeling and dealing.

But when the conference is not in session, you, too, can stay at the Sun Valley Lodge , the homebase of the retreat that offers a year-round ice skating rink, luxe spa, and pool with a view of the mountains. The most basic rooms cost upwards of $500 a night over the summer, and suites go for upwards of $1,500. But don't feel too bad for the billionaires, Allen & Co foots the bill.

August: Burning Man

On its face, Burning Man — the anticapitalist art and music festival in the Nevada desert — doesn't really seem like an event for billionaires. But the richest people in the world don't seem to care about whether or not they're wanted.

Since the 1990s, attending Burning Man has become a sort of status symbol of the tech elite. Google founders Sergey Brin and Larry Page are longtime Burners — the festival inspired the very first Google Doodle — as is Eric Schmidt, who they chose to be Google's CEO.

Facebook cofounders Dustin Moskowitz and Mark Zuckerberg, and Uber cofounder Garrett Camp have also attended. Even Ray Dalio, the billionaire hedge fund manager, wanted to see what all the hype was about, sporting some psychedelic bell bottoms and joining the party in 2019.

While ticket sales were down this year — the event did not sell out for the first time since 2011 — the uber-rich are still attending. Hundreds of private planes descended onto Black Rock City's temporary runway during the first days of the festival. The starting price to charter a plane through Burner Express Air is $9,000, one way.

The experiences of many celebrities and billionaires on the Playa lean less into the "decommodification" and "leave no trace" principles of the festival and more into the "immediacy" one — as in instant gratification. They travel around in tricked-out art cars (basically fancy golf carts) and forego rustic tents for more fancy camps, complete with furniture, air conditioning, and personal chefs who charge six figures for their services.

All of this may be why there was a hefty dose of schadenfreude when Burning Man went underwater , quite literally.

September: The Monaco Yacht Show

There are yachts, and then there are the superyachts — and those are aplenty at the Monaco Yacht Show in Monte Carlo, where billionaires gather at the end of the summer to scope out their new toys. (There are also, technically, megayachts, but for plebeian purposes, they are one and the same.)

The 100-plus boats on display have an average length of 165 feet, and feature elevators, bars, spas, pools, gyms, hot tubs, and helipads — sometimes more than one. Jet skis and submersibles are popular add-ons.

In the past, yachts owned by billionaires like Paul Allen, Steve Wynn, and Pier Luigi Loro Piana have been exhibited at the show — with some available for sale or to charter. The event also used to be a favorite of opulent Russian oligarchs, though sanctions have prevented them from attending for the past couple of years.

This year's show includes the 73-meter yacht Planet Nine, which was featured in Christopher Nolan's "Tenet" and is on sale for nearly $86 million. Making her debut is Kismet, the yacht owned by the billionaire Shahid Khan, the owner of the Jacksonville Jaguars. She is available to charter for a starting price of $3.36 million a week.

If you're looking to peruse boats that you can't afford — or maybe meet a billionaire who will invite you on theirs — you're in luck: The Monaco Yacht Show is open to the public for the small price of 600 Euros, or $640, a day.

October: The Frieze Art Fair

The Frieze Art Fair, held annually in London, draws the rich — and the staff of the rich — from around the world looking to add very expensive contemporary art to their collections. (For those who prefer pre 21st century art, there's the nearby Frieze Masters.)

In years past, collectors like Point72's Steve Cohen , Diamond titan Laurence Graff, and the wife of hedge fund legend Louis Bacon, Gabrielle, have all been spotted. While exactly which works these patrons have bought tend to be kept under wraps, pieces go for millions of dollars each year.

While anyone can buy tickets to the fair itself — this year for as low as £46, or $57 — the fetes surrounding Frieze Week are a more surefire place to spot a billionaire — or their younger, edgier heirs. A look at party snaps from the last few years show Gordon Getty's granddaughter Ivy Getty, Cohen's daughter Sophia, and Roger Penske's granddaughter Sophia mingling with art-world celebrities, and possibly looking for some six-figure works of art to add to their starter collections.

November: Le Bal des Débutantes

Le Bal des Débutantes continues the centuries-long tradition of rich, famous women reminding society that they are, well, rich and famous.

The ball is invite-only, and no one, not even billionaires, can buy their way in — at least that's what Ophélie Renouard, the founder of the ball's current iteration, told Insider. Renouard handpicks the cohort of about 20 women each year, who go to Paris for a weekend of photoshoots, makeup and hair appointments, and traditional waltzes.

Past debutantes have included royalty like Princess Hélène of Orléans and Princess Akshita Bhanj Deo; children of Hollywood elite like Forest Whitaker's daughters Autumn and True, and Reese Witherspoon and Ryan Phillipe's daughter Ava; and, of course, the heiresses of billion dollar fortunes like Araminta Mellon, Kayla Rockefeller, Laila Blavatnik, and Amanda Hearst, usually with their very wealthy and very powerful parents in tow.

As is often the case for the rich — and rich nepo babies, in particular — things come free: The weekend's dance lessons, couture gowns, glam squads, and jewels are paid for by sponsors.

December: New Year in St. Barts

Billionaires ring in the New Year seemingly anywhere but at home. And while Aspen and Maldives are popular choices for the wintering elite, there is perhaps nowhere with more billionaires-per-square foot during the holidays than St. Barts.

In years past, the Caribbean island, formally Saint-Barthélemy, has attracted yachts owned by the likes of David Geffen, Barry Diller and Diane von Furstenberg, and Bernard Arnault for year-end festivities.

Unfortunately for the poor rich, one of the most infamous St. Barts New Year's parties will be canceled this year. Roman Abramovich — the former Chelsea FC owner, sanctioned Russian billionaire, and unlikely hero of St. Barts — will not be hosting his multi-million dollar extravaganza, which has featured performances from Prince and Beyoncé; millions worth of food and alcohol; and guests like Orlando Bloom and Rupert Murdoch.

Guess they'll have to buy tickets to Nikki Beach's party like the rest of us.

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