"Size doesn't always matter, but it absolutely does in the rarefied world of superyachts. Palaces at sea have long been a status symbol for the masters of the universe, a place to live a life of excess and network, far removed from the prying eyes of ordinary people. As the rich get richer - the world's 10 richest people are $500 billion wealthier this year - their boats are getting longer."
"Decked out with amenities like gyms, spas, pools, movie theaters, and helicopter hangars, these megayachts - broadly defined as over 70 meters long - are custom-built and cost hundreds of millions of dollars. Over the summers, the superyachts criss-cross the Mediterranean, visiting the islands of Greece and stopping in St. Tropez, before making their way across the Atlantic for New Year's in the Caribbean."
"As the rich get richer - the world's 10 richest people are $500 billion wealthier this year - their boats are getting longer. The trend illustrates an unofficial yachting rule of thumb: The bigger the boat, the richer the owner. To own a 50-meter vessel, you likely have to be a billionaire. Over 100 meters long? You probably have a few billion to your name."
Tech billionaires increasingly commission longer, more opulent superyachts. Palaces at sea serve as private luxury residences and networking spaces removed from public view. Owners like Jeff Bezos, Mark Zuckerberg, and Sergey Brin have acquired yachts exceeding 100 meters in recent years. A common rule of thumb links vessel length to owner wealth: 50-meter yachts typically require billionaire wealth; over 100 meters suggests multibillionaire status. Megayachts over 70 meters feature gyms, spas, pools, movie theaters, and helicopter hangars and often cost hundreds of millions. These vessels migrate seasonally across the Mediterranean and Caribbean and undergo frequent customizations and maintenance.
Read at Business Insider
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