Fancy Owning a Mega Yacht and Joining the Yacht-set?

Dated: February 16, 2021
Category: Blog

Everyone has heard of jet-setters, but for mega yacht owners should the term used to refer to them be yacht-setters? Probably, yes!

There are a lot of similarities between jet-setters and yacht-setters in that they both circle the globe travelling in luxury, one by jet and the other by mega yacht.

While both can easily spend the equivalent of a yearly-budget for a small nation on their chosen form of transportation, yacht-setters are very different in that they get to live aboard their mega yachts if they so choose, which is quite impossible for a private jet owner.

But while the idea of becoming part of the yacht-set does sound appealing, do you have what it takes to join the ranks of the super-rich?

Who owns mega yachts?

Many of today’s mega-yacht owners include royalty, film stars, professional sports stars, CEOs of Fortune 500 companies, captains of industry, business owners and billionaires.

Megayachts are generally defined as yachts that are longer than 100 feet or more and include current superstars of the mega-yacht world such as AZZAM, which is 180.6 meters long (594 feet).

Mega-yacht owners can also have a hand in designing their mega-yacht for a specific purpose, so some vessels may be heavy on luxury and on-board entertainment but are not necessarily designed to travel very far, but others are very much designed to go further, such as the growing popularity for explorer yachts with ice-breaking hulls that can travel for thousands of miles without the need to refuel.

New owners these days pretty much expect their yacht to be able to circumnavigate the world, stopping off at some of the most glamorous hot-spots on the planet along their journey. Most mega yachts can regularly be seen cruising from the Mediterranean to the Caribbean or heading off to Fiji across the Pacific.

For a lot of owners, they make sure they can work from their yachts, often installing meeting rooms with WIFI and the latest in communications technology so they can continue to direct their operations while often schmoosing important business clients or connections onboard at the same time.

What’s the difference between a yacht and a ship?

For a lot of people, it can be difficult for them to understand the difference between a mega-yacht and a ship. After all, they are both large vessels built for sailing across seas. However, the main difference is in how they are used.

A mega yacht is specifically built to meet the needs of the owner. It will be decked out in the very highest quality luxury fixtures and fittings and hold extravagant elements that a workaday ship would never hold, such as a fully equipped gym, sauna and spa facilities.

mega yacht

However, all mega-yachts are built to meet commercial ship standards in terms of build quality, safety, technology and engine power – with most yachts actually surpassing even the highest standards in most cases.

What can you expect to pay for a mega-yacht?

Generally speaking, you can expect to pay millions of pounds or dollars for a top of the range mega-yacht. For example, AZZAM was reported to have cost over $700M to build.

Plus if you want to furnish your yacht with the most sumptuous interiors, décors and furnishings, fine art, fully-stocked bars and include plenty of toys and tenders for your guests, then the price for your finished boat will be exponentially higher than just the build cost.

mega yacht

If you have got a few million sitting around or lost down the back of the sofa, then joining the world of the yacht setters could be in your future.

For more information about your favourite superyachts, keep up to date with the latest news and features on our blog page.

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