luxury yacht ownership

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

Want more yachts? Here’s the handcradfted, homegrown history of Princess…

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Benefits of Owning a Luxury Yacht

There is an elite realm who enjoy the pinnacle of luxury – yacht ownership. They enjoy the allure of owning a vessel that cruises effortlessly over the sapphire waters and offers a sanctuary for those who wish to explore the vast ocean. Beyond the glamor and prestige, one may wonder what benefits does luxury yacht ownership have to offer. The specialists at Yacht Management South Florida will dive into luxury travel, investment opportunities, and other exciting advantages of yacht ownership.

What Are the Benefits of Owning a Yacht?

• Ultimate Freedom: Owning a luxury yacht grants you the freedom to travel and explore the world’s most exotic destinations at your own leisure. Whether you wish to cruise along the French Riviera, island hop in the Caribbean, or travel through the crystal-clear waters of the Mediterranean, yacht luxury unlocks endless possibilities for adventure.
• Unparalleled Luxury: Superyachts redefine opulence, boasting luxury amenities that rival those of a five-star resort. From gourmet kitchens to state-of-the-art entertainment systems and magnificent sleeping accommodations, these vessels are floating palaces. Yacht ownership offers a level of comfort and indulgence that is unmatched.
• Intimate Gatherings: Imagine hosting your family and friends on your luxury vessel while surrounded by the tranquil beauty of the ocean. Yacht ownership is the perfect setting to make memories that last a lifetime.
• Personalized Experience: Unlike commercial cruises, owning a yacht will allow you to tailor your journey and experience to suit your preferences.
• Symbol of Prestige: Let’s not overlook the undeniable status symbol that comes with yacht ownership. A luxury yacht is not just another mode of transportation. It’s a symbol that resembles success, sophistication, and the ultimate taste.

Are Yachts a Good Investment?  Whether or not yachts are a good investment is a question that frequently arises, especially among potential buyers when learning what to know before buying a yacht . While the initial purchase price and ongoing maintenance costs can be quite expensive, many argue that the benefits outweigh the financial factors. 

• Appreciating Asset: While the common conception of yachts is that they are depreciating assets, specific models - ones with historical significance or exceptional craftsmanship - have been known to appreciate in value over time.
• Revenue Generation: For yacht owners who don’t spend extended periods of time aboard their vessel, chartering can be an option to provide a lucrative source of income. By chartering your vessel to avid travelers, you can offset some of the operating costs while still maintaining ownership of a luxury asset.
• Lifestyle Enhancement: The decision to invest in a yacht can come to those who place a premium on leisure, adventure, and the finer things in life. Yacht ownership represents an epitome of luxury living. 

Professional Luxury Yacht Management Services Owning a superyacht opens the door to a world of unparalleled luxury and experiences. It’s not just about owning a vessel. It’s about embarking on a journey that will lead to great adventures at sea. As you embark on the journey of yacht ownership, consider partnering with our prestigious South Florida yacht management company, Yacht Management.

With our comprehensive yacht management program , we offer services that are tailored to directly enhance your yachting experience. From handling crewing and charters to managing finances and maintenance, our team is dedicated to ensuring that every aspect of your yacht ownership experience is seamless and stress-free. Contact us today to discover how we can elevate your yachting lifestyle!

For all inquiries, fill out the form below and a member of our team will respond as soon as possible

Luxury Yacht Ownership: What Potential Buyers Need to Know

• December 1, 2023
• Lifestyle and Luxury

Luxury yacht ownership is a dream that many aspire to, but it’s not just about cruising the open seas in style; it’s a significant investment that requires careful consideration. Whether you’re a seasoned sailor or a novice to the world of yachting, there are essential factors to keep in mind when considering purchasing a luxury yacht. In this guide, we will explore everything potential buyers need to know about luxury yacht ownership, from choosing the right yacht to the ongoing costs and maintenance.

 Defining Your Yachting Goals

Before diving into the world of luxury yacht ownership, it’s crucial to define your yachting goals. Understanding your objectives will help you narrow down your options and make informed decisions. Here are some key questions to consider:

a. What Type of Yachting Experience Do You Desire?

• Are you interested in leisurely cruises, adventurous expeditions, or competitive racing?
• Do you prefer exploring secluded coves and islands or cruising along coastal cities and harbors?

b. How Many Guests Will You Typically Have on Board?

• Are you planning to host intimate gatherings or large parties on your yacht?
• Do you need extra cabins and amenities for guests or crew members?

c. Where Do You Plan to Sail?

• Are you interested in exploring local waters or embarking on international voyages?
• Does your chosen destination have specific requirements or regulations for yachts?

d. What Is Your Budget?

• Establish a realistic budget that includes not only the purchase price but also ongoing expenses, such as maintenance, crew salaries, and mooring fees.

 Choosing the Right Yacht

Once you have a clear understanding of your yachting goals, it’s time to choose the right yacht. Luxury yachts come in various shapes, sizes, and styles, catering to different preferences and needs. Here are some key considerations when selecting a yacht:

a. Size and Type

• Motor Yachts: These are ideal for those who prioritize speed, comfort, and onboard amenities. Motor yachts offer spacious interiors, stable cruising, and the ability to cover longer distances quickly.
• Sailing Yachts: If you value the serenity of sailing and a closer connection to the sea, a sailing yacht might be your choice. These yachts range from classic designs to high-performance racing vessels.
• Explorer Yachts: Designed for long-distance cruising and exploration, explorer yachts have robust construction and extended range capabilities. They often feature advanced navigation and safety equipment.

b. New vs. Pre-Owned

• New yachts offer the latest technology, design, and customization options, but they come at a higher price.
• Pre-owned yachts can provide excellent value, but it’s essential to inspect them thoroughly and consider potential refurbishment costs.

c. Customization

• Many yacht builders offer customization options, allowing you to tailor the yacht’s interior, layout, and amenities to your preferences.

d. Amenities and Features

• Consider the amenities you desire on board, such as swimming pools, helipads, jacuzzis, and water toys. These can significantly enhance your yachting experience.

e. Maintenance and Repairs

• Evaluate the maintenance and repair history of pre-owned yachts and consider the availability of service and support for new yachts.

f. Yacht Broker

• Working with an experienced yacht broker can be invaluable in finding the right yacht, negotiating the purchase, and navigating the complex world of yacht ownership.

 The Purchase Process

After identifying the perfect yacht, you’ll need to navigate the purchase process. This involves several essential steps:

a. Sea Trials and Inspections

• Before finalizing the purchase, schedule sea trials to assess the yacht’s performance on the water.
• Conduct thorough inspections, including hull and machinery inspections, to ensure the yacht is in good condition.

b. Negotiating the Price

• Yacht prices are often negotiable, so work with your yacht broker to secure the best deal.
• Be prepared for additional costs such as taxes, import duties, and registration fees.

c. Legal and Documentation

• Ensure all necessary legal documentation, including ownership transfer and registration, is in order.
• Consult with legal professionals who specialize in maritime law to navigate the complexities.

d. Financing Options

• Explore financing options, as luxury yachts can be a significant financial commitment.
• Consider whether to pay for the yacht outright or explore financing through a marine lender.

e. Closing the Deal

• Once all terms are agreed upon, close the deal by signing the necessary contracts and transferring funds.

 Operating Costs and Maintenance

Owning a luxury yacht involves ongoing operating costs and maintenance. It’s essential to budget for these expenses to ensure a seamless yachting experience. Here are some of the key costs to consider:

a. Crew and Staff

• Depending on the size of your yacht, you may require a captain, crew members, and support staff.
• Budget for crew salaries, training, and insurance.

b. Fuel and Docking Fees

• Fuel costs can vary significantly, especially for larger motor yachts.
• Mooring and docking fees can be substantial, depending on your chosen marina and location.

c. Maintenance and Repairs

• Regular maintenance is essential to keep your yacht in top condition. Budget for routine inspections, cleaning, and repairs.
• Consider setting aside a maintenance reserve fund to cover unexpected expenses.

d. Insurance

• Yacht insurance is crucial to protect your investment. Policies can cover a range of risks, including damage, theft, and liability.
• Premiums will vary depending on the yacht’s value and intended use.

e. Crew Training and Certification

• Ensure that your crew members have the necessary training and certifications to operate and maintain the yacht safely.

f. Upgrades and Renovations

• Over time, you may want to upgrade or renovate your yacht to keep it current and meet changing preferences.

 Compliance and Regulations

Owning a luxury yacht involves complying with various regulations and laws, both locally and internationally. Understanding these requirements is essential to avoid legal issues and ensure safe navigation. Some important considerations include:

a. Flag and Registration

• Choose a suitable flag state for your yacht, as it determines the vessel’s nationality and legal framework.
• Register the yacht under the chosen flag, adhering to its specific regulations.

b. Safety Standards

• Yachts must meet safety standards set by international organizations such as the International Maritime Organization (IMO) and the International Convention for the Safety of Life at Sea (SOLAS).

c. Environmental Regulations

• Yachts must comply with environmental regulations, including waste disposal and emissions control, to minimize their impact on the oceans.

d. Immigration and Customs

• Understand immigration and customs requirements for each destination you plan to visit, as they can vary from one country to another.

e. Crew Qualifications

• Ensure that your crew members have the necessary certifications and visas to work on your yacht in various locations.

f. Taxation

• Be aware of tax implications related to yacht ownership, including sales tax, use tax, and value-added tax (VAT).

 Enjoying Your Yacht

After completing the purchase and addressing all legal and operational requirements, it’s time to enjoy your luxury yacht to the fullest. Here are some tips for making the most of your yachting experience:

a. Plan Your Cruises

• Create an itinerary that aligns with your yachting goals and desired destinations.
• Explore a mix of well-known hotspots and hidden gems.

b. Maintain Your Yacht

• Stay proactive about maintenance and inspections to ensure your yacht remains in excellent condition.
• Regularly clean and service all onboard systems.

c. Host Memorable Events

• Use your yacht as a venue for hosting special events, whether it’s a birthday celebration, corporate retreat, or intimate dinner party.

d. Stay Informed

• Stay up-to-date with the latest developments in the yachting industry, including new technology, regulations, and safety measures.

e. Be Environmentally Conscious

• Practice responsible yachting by adhering to eco-friendly practices and supporting conservation efforts.

 Considering Yacht Chartering

If you’re not ready for full-time ownership or want to offset some of the costs, consider yacht chartering. Chartering your yacht to other enthusiasts when you’re not using it can generate income and provide an opportunity to share the yachting experience. However, chartering comes with its own set of considerations, such as insurance, maintenance during charter periods, and choosing the right charter management company.

 Final Thoughts

Luxury yacht ownership is a dream come true for many, offering unparalleled freedom and adventure on the high seas. However, it’s essential to approach it with careful planning and consideration. By defining your yachting goals, choosing the right yacht, understanding the purchase process, budgeting for ongoing costs, and staying compliant with regulations, you can embark on a fulfilling and unforgettable yachting journey. Whether you’re cruising the Mediterranean, exploring the Caribbean, or embarking on a world tour, owning a luxury yacht opens up a world of possibilities for exploration and relaxation, all while enjoying the ultimate in luxury and comfort on the water.

Raphael Luxe

With a discerning eye for elegance and a passion for the opulent, Raphael Luxe is the visionary founder and editor-in-chief of Luxegeeky.com.

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Superyacht Ownership – 5 Detailed Insights for Understanding the Cost and Logistics Of Yacht Ownership

Many share the dream of owning a superyacht, symbolizing the pinnacle of luxury and freedom on the high seas. However, behind the glamour and excitement lie intricate details and considerations that prospective owners must navigate. This comprehensive guide delves into the costs of owning and logistics of superyacht ownership, shedding light on what it truly takes to enter the exclusive world of luxury yachting.

Table of Contents

The allure of superyacht ownership.

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The allure of owning a superyacht is undeniable. It represents more than just a vessel; it embodies a lifestyle of opulence, adventure, and unparalleled experiences. Imagine cruising through azure waters, exploring exotic destinations, and hosting lavish parties under the stars—all from the comfort of your private floating sanctuary. However, alongside these extravagant benefits come significant responsibilities and expenses that require careful consideration and planning. Understanding Simpson Superyachts’ ownership complexities can provide valuable insights into the financial, logistical, and operational aspects of owning and maintaining a superyacht.

Navigating Financial Waters – Understanding Superyacht Costs

One of the first considerations for aspiring superyacht owners is the cost involved. The initial purchase price of a superyacht can range from tens of millions to hundreds of millions of dollars, depending on size, brand, amenities, and customization. However, the acquisition cost is just the beginning.

The cost of yacht ownership includes ongoing expenses such as maintenance and repairs, crew salaries, insurance premiums, fuel, dockage fees, and operational costs, which can amount to a substantial sum annually. Budgeting meticulously and factoring in these recurring expenditures is essential to ensure smooth operations and avoid financial surprises. Additionally, staying informed about regulatory requirements and compliance standards is crucial to avoid penalties and legal complications in superyacht ownership.

Explore Splitting Yacht Ownership

Fractional yacht ownership is a unique concept allowing individuals to own a portion of a luxury yacht without the burden of total ownership and its costs. This arrangement enables multiple owners to share the expenses of purchasing, maintaining, and operating a yacht, making it a more affordable option for those who desire the luxury and freedom of owning a yacht. Each owner is allotted a specific amount of time on the yacht, typically based on a predetermined schedule, allowing them to enjoy their share of the yacht throughout the year.

Logistical Challenges and Considerations

Beyond financial aspects, owning a superyacht entails a myriad of logistical challenges. Legal requirements, including registration, flagging, and compliance with maritime regulations, must be followed meticulously. Crew management, safety protocols, and environmental sustainability initiatives are also paramount.

Navigating the complex logistics of owning a superyacht requires expertise and diligence. Many owners opt to work with experienced yacht management companies that specialize in handling yacht ownership’s administrative, technical, and operational aspects. These professionals provide invaluable support in ensuring compliance, safety, and efficiency. From managing crew contracts and schedules to overseeing maintenance and repairs, yacht management services streamline operations and reduce the burden on owners. Their extensive knowledge of maritime regulations, industry best practices, and network of service providers further enhance the overall experience of owning a superyacht.

Benefits and Rewards

Owning a superyacht presents unparalleled rewards despite its complexities. The freedom to customize travel itineraries, relish privacy and exclusivity, and forge indelible memories with loved ones are priceless advantages. Furthermore, some owners leverage their yachts by chartering them when not in personal use, thereby generating revenue and offsetting operational expenses. This dual-purpose approach enhances the financial feasibility of ownership and opens avenues for experiencing different destinations and cultures. Overall, the multifaceted benefits of owning a superyacht extend far beyond mere luxury, offering a lifestyle of adventure, convenience, and potential financial returns.

Anchoring in Paradise: Top Destinations for Superyacht Owners

Here are some stunning yacht destinations you can visit when you own a superyacht:

• The French Riviera: Explore the glamorous ports of Saint-Tropez, Cannes, and Monaco, known for their luxury boutiques, Michelin-starred restaurants, and vibrant nightlife.
• The Amalfi Coast, Italy: Cruise along the picturesque coastline of Italy, stopping at charming towns like Positano, Amalfi, and Ravello, known for their colorful buildings, scenic cliffs, and delicious Mediterranean cuisine.

• The Greek Islands: Discover the beauty of Greece’s diverse islands, from the cosmopolitan vibes of Mykonos and Santorini to the secluded beaches and ancient ruins of Crete, Corfu, and Rhodes.
• The Caribbean: Sail through turquoise waters and visit iconic destinations like the British Virgin Islands, St. Barths, Antigua, and the Grenadines, known for their pristine beaches, coral reefs, and laid-back island vibes.
• The Seychelles: Experience paradise in the Indian Ocean with a visit to the Seychelles archipelago, home to stunning granite islands, secluded beaches, and vibrant marine life ideal for snorkeling and diving.

• The South Pacific: Embark on an adventure to destinations like Bora Bora, Tahiti, Fiji, and the Cook Islands, where you can immerse yourself in Polynesian culture, enjoy water sports, and relax in luxury resorts.
• Phuket, Thailand: Explore the vibrant culture, beautiful beaches, and crystal-clear waters of Phuket, Thailand’s largest island. Visit iconic spots like Patong Beach, Phi Phi Islands, and James Bond Island for a mix of relaxation and adventure.

Expert Insights and Guidance

Prospective superyacht owners should seek guidance from industry experts and yacht management professionals. These professionals provide invaluable insights into market trends, regulatory changes, maintenance best practices, and financial planning strategies specific to superyacht ownership. Their expertise and support streamline the entire boat ownership experience, from acquisition to ongoing maintenance and operations, allowing owners to focus on enjoying their yachts to the fullest. 

Video: How to Run a $14 Million Superyacht

Key Questions We See About Superyacht Ownership

Owning a Superyacht s often surrounded by curiosity and intrigue, leading to numerous key questions from those interested in this luxurious lifestyle. One of the most common queries revolves around the cost of owning a superyacht, often perceived as an extravagant investment. People want to know about the initial purchase price and ongoing expenses such as maintenance, crew salaries, fuel costs, and insurance. Another frequently asked question pertains to the size and layout of superyachts.

What are the initial and ongoing costs of Superyacht Ownership?

The initial purchase price varies widely, with ongoing expenses including crew salaries, maintenance, and dockage fees. Budgeting for these is crucial.

Can you charter your superyacht to offset costs?

Yes, many owners charter their superyachts, generating revenue and offering a way to experience different cultures and destinations.

What logistical challenges does Superyacht Ownership present?

Owners face legal, operational, and environmental considerations, often turning to yacht management companies for expertise and support.

Final Thoughts About Superyacht Ownership

In conclusion, owning a superyacht is a multifaceted endeavor that requires meticulous planning, financial preparedness, and ongoing management. Even if a yacht is owned by billionaires, understanding the cost implications, logistical challenges, and potential rewards is essential for making informed decisions and maximizing the enjoyment of yacht ownership. With proper guidance and a clear understanding of the responsibilities involved, owning a superyacht can indeed be a rewarding and fulfilling experience.

Malcom Mott

Malcom is a student at Saginaw Valley University near Flint, Michigan. He is an avid writer and contributes to online media, and dabbles in using AI technologies to find new vegan recipes.

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How Much Does it (Really) Cost to Own a Yacht?

The true cost to own a yacht is an area of concern for many prospects of yacht ownership. And it should be.

Maintenance costs, exploitation costs, total cost compared to yacht charter, we detail in this article the expenses (especially the hidden ones) you have to consider before buying your first yacht !

We also provide you several solutions to lighten your investment and reduce the cost to own your yacht. 

If you are looking for the price of a yacht charter (rental), please read this article instead .

How much is a yacht?

Before diving into the expenses that comes monthly, yearly or every decades once you own a yacht, let’s answer the elephant in the room: How much is a yacht (alone) in the first place? The short answer is… it depends, of course. But in most cases, the longer the yacht, the higher is her selling price.

Generally speaking, you can expect to find yachts for sale in the following price ranges:

• Below 50ft (15m): between 500K – 2,500,000 € / USD
• Between 50-70ft (15-21m): between 2 millions and 6 millions € / USD ( See our 9 catamarans for sale under 6 millions here )
• Between 70-100ft (20-30m): between 6 millions and 20 millions € / USD
• Superyachts over 100ft (30m): minimum 10 millions € / USD

You can always find exceptions to the rule and find cheaper or more expensive yachts for sale outside of these price brackets.

A lot of factors come into the selling price of a yacht: supply and demand, brand / model reputation, age and condition of the vessel, urgency or lack of for the sale and so on.

What are the main hidden costs that come with yacht ownership?

You probably already guessed it, the cost of owning a yacht doesn’t stop at its purchase price . In some cases, the price you bought your yacht at can seem like a bargain, but it really isn’t once you start adding all the hidden costs, and many of them come yearly.

Here are the main ones you should be wary of.

Yacht exploitation and running costs : always calculate them carefully before buying your yacht

It always cost you money to exploit your yacht.

When you are chartering a yacht, a part of these operation costs is included in your APA (Advanced Provisionning Allowance) .

When you own a yacht, these costs still apply , but you will have to pay directly for them.

Among the main operation costs, the most important are usually the following:

• The fuel: its cost will depend on the type of boat, her fuel consumption, the region, and the distances traveled;
• The mooring fees which depends on the area but also on the boat size;
• The crew, if you need it. The cost will depend on the frequency and the crew’s size;
• The communication fees;
• The food and beverages supplies;
• All the expenses related to your leisure activities.

Yachts maintenance: a cost that you should definitely not overlook

Even outside of its operating period, it still costs you money to own your yacht!

Maintenance of your boat isn’t an option and must be done on an ongoing basis. The price vary depending on the type of yacht you are owning (motor, sail, etc…), the size of the vessel, but also how old she is.

The maintenance costs include :

• The regular maintenance of certain equipment, like engines, thrusters, sails, rigging, safety equipment, hull(s) (fairing)…;
• The occasional maintenance operations in case of breakdown or damage;
• The painting;
• The cleaning and the specialized maintenance products (for teak, leather, …). 

The costs of maintenance and upkeep will obviously not be the same if you do it yourself or if you call in specialists. But regardless, you should have a budget buffer dedicated to maintenance costs when you plan on buying a yacht, especially if she already had a long sailing life.

The taxes and insurance premiums of a yacht: a cost that most forget

Consider the different taxes (at the purchase and annual) and the yearly yacht insurance that you have to pay. A specialized insurance policy is generally estimated at between 0.8% and 1.2% of the boat’s purchase price per year.

Must Read : Yacht Insurance : The Definitive Owner’s Guide

Yearly harbor fees : a very important hidden cost of yacht ownership

The port and/or winterization fees are also a big part of yacht ownership costs that you should carefuly estimate.

Depending on your region, you may need to consider “dry-docking” your boat, which involves handling, transport, and storage which can be really expensive. 

If you can leave your yacht in the water all year round, you will need to go for a harbor ring concession.

Depending on the marina and its infrastructure, the region, and your boat’s size, the costs may considerably vary from a few hundred dollars to thousands of dollars a month . However, it is easy to obtain this information from marinas once you have chosen which yacht to purchase.

The depreciation’s price of a yacht

A yacht, like a car, will depreciate . It is difficult to estimate the depreciation, as it depends on economic conditions, exchange rates, price inflation when new, the type of boat, and the shipyard. 

However, it is reasonable to estimate a minimum depreciation of 10% in the first year, then 7% in the following years. From the fifth year on, the depreciation tends to slow down. On the other hand, the operating costs increase.

Summary of the main operating and maintenance costs of owning a yacht

So, to sum up, how much does it cost to own a yacht? It largely depends on your type of yacht and your location.

But in general, owning a yacht will cost you between 10-25% of its value annualy . The longer the yacht, the likelier you are to be at the end of the spectrum.

Here are the reasonable costs you could consider:

• 10% of its value annually for a 60ft (18m) / 1 million USD yacht and below (=max 100K / year)
• 20% of its value annually for a 100ft (30m) / 10 millions USD yacht and above (=min 2 millions / year)

These brackets of total costs include everything: usual yacht maintenance, upkeep and operating costs that will be distribued as follow:

• Communication
• Maintenance
• Insurance premiums
• Harbour fees
• Cost of depreciation

Are you worried? Do not. Luckily, there are numerous ways to decrease the overall cost of yacht ownership and still enjoy yachting as it should be. Read the next paragraphs to know these valuable tricks.

If you liked this article you will also like : HOW MUCH DOES IT COST TO CHARTER A YACHT?

How to reduce the cost of yacht ownership?

A yacht keeps on costing money even when not in use, so the best way to make it a more profitable investment is to increase its exploitation.

Renting your own yacht : a good way to reduce the costs of owning a boat

When you are not using the boat, you can earn income by renting it out. The rental price depends on the type and size of the boat, but also its location. While making money from renting is possible, don’t expect to pay back all your expenses. Nevertheless, it will help you in avoiding your yacht becoming a financial burden. 

The easiest way to do this is to hire a professional charter company to help you. If you go for a reputable and experienced company, you will benefit from their expertise and contacts. It will also save you from legal, insurance, and withdrawal issues and avoid red tape.

On the topic : Yacht to Charter : Can It Be Profitable?

Fractional yacht ownership: share the cost of owning a yacht with co-owners

Another solution to own a yacht at lower cost is fractional ownership of a boat , which means that you own a fraction of it. It can be half, a quarter, or even less. For a long time, boaters have been opting for this option of partial ownership with friends or family. These days some companies create formalized fractional ownership arrangements for more guarantees. 

For example, in partnership with the Windward Islands, SAILING RESORT proposes fractional boat ownership on the fabulous trimaran, the LEEN 72’. So you can become a co-owner of the new hybrid-powered multihull which can accommodate up to 10 passengers and 4 crew members. You will enjoy private use of the trimaran (depending on the period) from 6 to 12 weeks during the first 5 years.

This program proposes a profitable commercial operation with 24/7 premium service. It is a tailor-made solution for all those who want to feel like owners of a prestigious yacht for a few days a year while limiting their investment and responsibilities. WI manages the operation of the yacht for you out of your personal use, like the charter’s organization, maintenance, insurance, annual mooring, and all other administrative tasks.

Once you have weighed the pros and cons and have the means to finance both the purchase and the annual costs (maintenance, operation, …) of your yacht, you should go for it! Indeed, if you can evaluate the hidden costs and expenses of owning a boat, the freedom and unforgettable memories are priceless. 

Yacht Charter remains a cheaper alternative than yacht ownership in many cases

If you can’t enjoy your yacht frequently or are still unsure about whether it’s worth the cost or not to own a yacht, you might consider chartering instead. This will allow you to try out different models , from various shipyards, and see which ones you prefer.

Therefore, the cost of renting a yacht will save you from having to worry about all those hidden costs of owning one. All you have to do is pay for your charter, your cancellation insurance and set your APA during your stay. This way, you only pay money, time, and effort when you use the boat.

What is the (true) cost of chartering the yacht you've seen? 💰⛵

The advertised prices of all charter companies do not include APA, VAT & other variable costs. 

Use our calculator to get a 100% FREE estimate of the REAL total cost of your next yacht charter! ⬇

Read also : SUSTAINABLE YACHTING: HOW IS THE BOAT INDUSTRY BECOMING MORE ECO-FRIENDLY?

Frequently asked question

For a 60-foot or million-dollar yacht, the cost per year will be about 10% of its value or $100,000 per year.

You should expect to pay about 20% or more of the original price of your boat to run it annually. So, for a $10 million yacht, the cost to operate will be about $2 million per year, including fuel, insurance, dock fees, maintenance and repairs, crew, etc.

A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew. Add another 15-25% of the vessel’s value for V.A.T.

Once you have weighed the pro and cons, if you can afford the purchase and all the hidden annual expenses, have found your dreamed yacht, and have time to enjoy it, you should go for yacht ownership!

It is not the best way to make money, but you can minimize your annual expenses by renting it or opting for fractional boat ownership.

It’s hard to tell. As long as you have the money and enough time to enjoy it, it is worth owning a yacht! Everything cannot be estimated. For example, it will bring you invaluable freedom and happiness.

One of the easiest way to reduce the maintenance cost of a yacht is to fractional yacht ownership. That way, the maintenance expenses are spread among co-owners according to their shares.

It varies greatly depending on the size of the yacht. For a yacht of 60ft (18m), you will likely spend around 10% of its purchase value each year in maintenance and exploitation costs.

Luxury yachts have maintenance and operation costs that are around 10% of their value yearly. So if a yacht value is 2 millions USD, its maintenance and operations costs should be around 200K / year.

Operating a sailboat is usually 20-40% cheaper than the same size motoryacht. Motoryachts tend to be more expensive to operate than sailboats as the fuel consumption can become an important expenditure fast.

A small yacht below 50ft is usually for sale between 500K and 2,5 millions USD / €. A mid-size yacht between 50ft and 100ft is usually for sale between 2-15 millions USD / €. Above 100ft, the selling price is rarely below 10 millions USD / €.

What is a Yacht Club? Benefits & Features Explained

Buying a yacht : the frequently asked questions, you might also like.

What differentiates a yacht from a superyacht or a mega yacht?

Chartering Requirements and Regulations: A Guide for Boat Owners

What are the Fastest Cruising Catamaran on the Market?

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Navigating Luxury Asset Ownership: Buying a Yacht

Key Takeaways:

• Yacht ownership can be an enjoyable way to vacation, see the world and entertain guests.
• Purchasing and owning a yacht can be a complex financial decision. It involves determining the type of yacht you’re going to buy, where to berth or dock it, documentation, financing and more.
• Ultimately, make sure you see the full financial picture before diving in; consider working with an expert to help navigate the buying process.

Whether vacationing, exploring the world or entertaining family and guests, owning and enjoying a yacht is a lifestyle asset that’s growing in popularity. This article focuses on seven primary factors to consider when deciding whether buying a yacht is right for you, your family and your business. 1. The size of the yacht . When it comes to yachts, there’s no one-size-fits-all. The right size for you will be a subjective decision. That said, consider key factors in how you plan to use the yacht. These factors include: the intended location of use (ocean versus lake), size of available storage and docking, and the number of guests the vessel will need to hold.

2. Berthing or docking. Decide where your yacht will be docked or stored. You should also decide if it will be docked in multiple locations or just one. If your intended use is to stay in one general area, one location may be sufficient. However, if you want to use the yacht as transportation between multiple residences, docking might be necessary at each destination. 3. Where the yacht is registered. Registration is commonly referred to as “flagging” in the yachting world and is done to establish both legal ownership and nationality of the yacht. A yacht owner will hang their flag on the back to signal the country where the boat is registered. The registration decision can be complex and will depend on your circumstances. Where you flag your yacht impacts privacy, taxes, liability exposure, and lender and insurance options. If you have a foreign crew or captain, for example, the boat cannot be flagged in the United States. Foreign countries may have more favorable rules regarding chartering, boat class, tax treatment, etc. The top countries we see flagged are Marshall Islands, British Virgin Islands, Cayman Islands and the United States.

Where you flag your yacht impacts privacy, taxes, liability exposure, and lender and insurance options.

4. How the yacht is owned. A yacht is typically owned through an LLC for liability protection purposes. The LLC may be foreign or domestic depending on the requirements of the country where the yacht is flagged. This is an area where a maritime lawyer should be consulted. A maritime lawyer is a specialist in laws of yacht ownership and can help you determine the best way to legally protect your assets. 5. New or used purchase . New yachts can be subject to heavy deprecation in the first several years, but they allow the buyer to tailor the vessel to their specific tastes. A new yacht comes with warranties on the hull, engine and electrical systems, which can be a strong benefit for new owners.

Used boat depreciation in the first five years is less accelerated since the prior owner took the brunt. However, you could be buying someone else’s headache. All buyers should insist on a haul-out survey and sea trial. “Haul out” involves taking the boat out of the water and having the hull and prop inspected. The yacht also goes for a test-drive with a certified surveyor. An engine and generator survey/diagnostic are completed, as well. The survey should always be ordered by the buyer and not the seller. Surveyors should be certified and known in the industry. Insurance companies will require this step.

6. Carrying costs. In addition to the purchase price, the carrying costs associated with yacht ownership can be significant. The average annual costs of yacht ownership are 10% to 20% of a yacht’s value. Costs include insurance, maintenance, crew and mooring fees. Further, fuel costs can add up significantly and are based on usage and current fuel prices. Fortunately, many yacht owners are able to leverage the value of their asset. Chartering a yacht can offset as much as 60% of the costs, and most owners can successfully charter between 5 and 8 weeks per year. If you plan to charter, consider adding these figures into your financial calculation.

Chartering your yacht could offset as much as 60% of your annual carrying costs, and most owners can successfully charter between 5 and 8 weeks per year.

7. Financing.  Institutions like Comerica provide customized yacht financing to fit individual needs. There’s no one-size-fits-all approach, but you should generally expect to commit 20-30% of equity as a down payment depending on the age of the yacht. You should also be prepared to personally guarantee your loan.

Comerica Wealth Management offers tailored financing solutions for a wide range of luxury yachts, providing comprehensive support for your yacht financing needs. Click here to learn more. (PDF, 64 KB)

Be prepared to commit 20-30% of equity as a down payment for your yacht purchase.

Be prepared to commit 20% to 30% of equity as a down payment for your yacht purchase.

Yacht ownership can be an enjoyable way to vacation, see the world and entertain guests. While the benefits are substantial, so too are the costs and complexities of the purchase. The process of acquiring and keeping a yacht is complicated. Thinking through the seven steps outlined here will help ensure you have an enjoyable yacht experience.

Ready to Hit the Open Waters?

If you’re considering your first yacht purchase (or an upgrade), work with a team of industry-leading experts. At Comerica, our wealth advisors have decades of experience helping clients navigate high-net-worth purchases. We’ll help you consider every angle and get the right yacht for your needs. Contact your Comerica Relationship Manager or a request to speak with a Comerica Wealth Advisor today.

Learn more about our customized yacht financing. (PDF, 500KB)

NOTE: IMPORTANT INFORMATION

Comerica Wealth Management consists of various divisions and affiliates of Comerica Bank, including Comerica Bank & Trust, N.A. and Comerica Insurance Services, Inc. and its affiliated insurance agencies. Comerica Bank and its affiliates do not provide tax or legal advice. Please consult with your tax and legal advisors regarding your specific situation.

This is not a complete analysis of every material fact regarding any company, industry or security. The information and materials herein have been obtained from sources we consider to be reliable, but Comerica Wealth Management does not warrant, or guarantee, its completeness or accuracy. Materials prepared by Comerica Wealth Management personnel are based on public information. Facts and views presented in this material have not been reviewed by, and may not reflect information known to, professionals in other business areas of Comerica Wealth Management, including investment banking personnel.

The views expressed are those of the author at the time of writing and are subject to change without notice. We do not assume any liability for losses that may result from the reliance by any person upon any such information or opinions. This material has been distributed for general educational/informational purposes only and should not be considered as investment advice or a recommendation for any particular security, strategy or investment product, or as personalized investment advice.

Want to know more? 

We welcome the opportunity to help. Contact us today.

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Costs of food provisions will vary dependent upon how eloborate food Preferenaces are

Location will play huge factor in food provisons and thing may have to be folws into remorte locations.

Crew is one of the largest expenses on a superyacht and critical to the owner’s enjoyment of their vessel. As the largest crew agency in the world, we know crew. Our cost calculator contains customized crew lists for yachts ranging from 80ft to 600ft with salary information based on our reference verified salary data.

Our users also have the ability to completely tailor the crew list to the specific needs, schedule and requirements of their vessel. Each yacht is unique and may have specific owner requests in addition to the yacht’s safe manning requirements.

Management of the supplemental crew costs and strategic budgeting can help avoid significant overspend on categories such as food and uniform. This tool contains default values based on our industry expertise and recommended budget for an efficiently and safely run superyacht.

To learn more about each crew position in detail, including salary ranges, please visit our yacht department directory .

Drag the sliders to modify your results. These are not linear scales and we expect most yachts to operate within the 20-80% window. Above 80% and below 20% costs increase or decrease at exaggerated levels and we only see numbers in these levels in very rare circumstances.

This sunburst diagram is interactive. You can click into each block to see the expense break down and mouse over each block for more details.

Our chart of accounts displays seven major categories, 20 sub-categories plus a further 80 detail categories for a total of 107.

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. 😊

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YOUR BOATS. YOUR LIFE.

Imagine owning a fleet of yachts that offer any activity you desire on the water all under a veil of five-star luxury. experience world-class yachting through the caribbean, bahamas or hamptons, big game fishing with a leading tournament winning captain and crew or enjoying lobster kabobs and tropical drinks on a lazy day cruise in the sun. your boats…your life., hassle-free ownership.

Looking to buy your first yacht? Why not buy 4 for a fraction of the cost of one? Even better with the YachtMember™ program we handle every aspect of taking care of your yachts, so you can just show up and relax.

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Each member enjoys five-star service, huge tax benefits and an annual return on their purchase in our exclusive 5-year program. Luxury, service and flexibility in a financially smart partnership.

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Its time to invest in your company. Use the YachtMember™ program to entertain clients, have management get aways, reward key employees or just spoil yourself for a job well done.

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Our program is only available to 15 distinguished members per offering., affordable purchase price with reasonable low cost yearly management fee., hassle free ownership, yachts are captained and crewed by seasoned professionals held to the highest standards in the industry., all yachts are maintained by an industry leading management company with over 30 years’ experience in super yacht operations., 7 weeks of usage per year per member (minimum), huge tax benefits, flexibility to use for guests, business purposes or family, all yachts are pet-friendly, average of 2-4 % return on your investment per year., yachts are selected for depreciation benefits, yachtmember selects yachts with historic high resale values and low maintenance records, amazing appointments, deck space, luxury and beauty with every yacht., ever changing exotic locations to experience while yachting for you and your family., perfect for first time yacht owners due to minimal investment, yacht style flexibility and complete management package., you buy into the current yachtmember™ program and receive ownership in the four yachts. each program has a five-year term. during this time, you will only pay a small yearly management fee., everything is included. at the end of the five years, the yachts are sold, and your investment is returned., the program is only available to 15 members giving each member 7 weeks of usage per year. ( additional time is available upon request), the yachts are moved to different exotic locations depending on the season. this keeps every experience fresh and creates unending opportunities to enjoy on your yachts. a captain, stewards, chefs, and hostesses will always be on hand to attend to your every need, 24/7, to schedule a trip you simply call your personal 24-hour concierge and schedule which yacht you would like to use and when. each booking is for up to a one-week period. that's it, we take care of everything else, and we mean everything, when the yachts are not being used we work with the top charter companies and lease the time to their customers. this creates incredible revenue to the program. at the end of the year, you then share in those revenues with a profit check., the yachts are always maintained to the highest standards for service, safety, and cleanliness., all yachts will be fully stocked with 5-star amenities including all food and drinks. the larger yachts have water toys, kayaks, jet skis and 35-foot excursion boats for diving, fishing and exploring., at the end of your trip, you just step off the boat and plan your next vacation. no tipping is required. we suggest you use all your yachts as they each have something different to offer you and your guests., 130' westport, 112' westport, yachtmember™ was founded by a group of lifetime yachtsmen, professional captains and luxury lifestyle experts. their backgrounds include success in the launch of jetshare us, one of the first fractional ownership private jet companies. they have also dominated the market with similar programs in sports stadium skyboxes, limousines, and extraordinary vacation home programs. the yachtmember™ team spent 2 years researching the needs of the yachting enthusiast. the task was to eliminate all the things that make yacht ownership unenjoyable and replace them with more of the things that make it great. next, they set out to select industry leaders in every aspect of the industry from reliable world-class yachts like westport and viking to premier captains, management and concierge services to be anchors of the program. in the end, yachtmember™ delivered a final package that offers diversification with what each yacht offers to its owners and a menu of exotic locations where the yachts will call a temporary home. the yachtmember™ team welcomes all its members to experience the ultimate yacht ownership opportunity and stands committed to meet even the most discriminating partners every need. welcome to yachtmember™., to speak with a yachtmember™ sales executive or request a brochure:.

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Timmerman Yachts is a Russian builder of quality luxury motor yachts. Based in Moscow, it is owned by a group of Dutch and Russian investors and operates out of Moscow Shipyard. Several noted naval architecture and yacht design firms are involved with Timmerman, including Vripack, Guido de Groot Design, Ginton Naval Architects, Jon Bannenberg Ltd., and Francis Design Ltd.

Founded in 2003, the company was named for 17th century Dutch boat builder Franz Timmerman who brought Dutch boat manufacturing techniques to Russia and co-founded the Russian navy. Timmerman Yachts has more than 1,000 employees working at the Moscow Shipyard.

Timmerman has delivered a number of semi-custom luxury yachts between 26-47 metres in length, including TM26 and Timmerman FD-51, designed by Francis Design Ltd. Other notable Timmerman yachts include Victoria M, Alexandra (now Latitude) and Olsten 125′.

One of the 10 largest yacht builders in the world, Timmerman is focused on building high-quality luxury yachts at more competitive prices. Its Russian-Dutch partnership provides great yacht-building capabilities. Timmerman builds yacht to the highest standards and holds DNV, MCA and Russian River Register certification. The company reportedly has more than a dozen yachts in some phase of construction.

Founded in 2003

Yachts built by Timmerman