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You are here: Home / Superyachts and bragging rights: why the super-rich love their ‘floating homes’

Superyachts and bragging rights: why the super-rich love their ‘floating homes’

As conspicuous displays of wealth go, the mooring of Motor Yacht A – owned by Russian tycoon Andrey Melnichenko – last month on one of the most striking spots on the Thames, next to D-day warship HMS Belfast by Tower Bridge, was hard to top. One of the world’s largest superyachts, the Philippe Starck-designed, 119-metre (390ft) white vessel – which features three swimming pools, a helipad and bombproof glass – embodies an exclusive lifestyle that is highly visible but inaccessible to all but the global financial elite and their entourage. But Melnichenko, who made his £9.2bn fortune in coal and fertilisers, has put the distinctive boat up for sale after upgrading to the £347m, 143-metre Sailing Yacht A, believed to be similarly named to ensure it is listed first in shipping registers. His new vessel, which features three carbon masts more than 90 metres tall with a sail area greater than a standard football pitch, is the tenth-largest superyacht in the world. It propels him into the premier league of private yacht owners alongside fellow oligarch Roman Abramovich, whose 162.5-metre Eclipse is currently the second-largest. The Chelsea football club owner’s spectacular £724m vessel, which made headlines last summer when it… Read full this story

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Superyachts and bragging rights: why the super-rich love their ‘floating homes’ have 303 words, post on www.theguardian.com at October 9, 2016. This is cached page on Drudgereport. If you want remove this page, please contact us.

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