600 million dollar super yacht

What the US$600M 'world's biggest yacht' will look like inside

600 million dollar super yacht

It's set to be one of the largest private residence yachts in the world when it launches in 2024, but what does a luxury apartment on board the 728 foot (221 metres) Somnio actually look like?

Interior renderings of the US$600 million vessel have just been unveiled, offering a glimpse inside what's being described as the world's first "yacht liner."

While all 39 of the floating apartments, which come with a private balcony or terrace, are said to be "fully customizable," some of the options showcased include huge shell-shaped beds, expansive living areas with ocean views, and wall-length mirrors.

FLOATING HOMES

Prices start from around $11 million, with sizes ranging from 1,600 to 6,500 square feet -- the largest condo takes up most of the top deck.

Somnio, which means "to dream '' in Latin, was designed by Winch Design and Tillberg Design of Sweden, and will be built by Norwegian ship designer and builder VARD.

The interior renderings were devised by Winch Design, Tillberg Design of Sweden along with Luttenberger Design.

Those who snap up a condo on "the most exclusive address in the world" will get to work with one of the design teams for up to three months in order to "decide the room configurations and select the materials, furniture, lighting and artwork."

EXCLUSIVE ADDRESS

A gym, a library, inside and outside dining spaces, "distinct" dressing areas and a "vast living room space with 270-degree forward views" are among the options available, although the layout is to be based on the buyer's preferences.

The identity of the owners will be kept secret, but all residents will have access to full concierge services "for both onboard and land-based needs."

"As the only residential superyacht in the world, we are delighted to work with designers that complement our exacting standards," Captain Erik Bredhe, co-founder of Somnio, said in a statement.

"Our owners will experience only the best, as is befitting of a yacht of this nature."

SUSTAINABILITY FOCUS

According to its designers, sustainability will be a key focus for Somnio, which is to be constructed with the "latest clean engine technology" along with materials and products to "create environmentally responsible interior design with a reduced impact" where possible.

Among the shared on board amenities onboard available include a 10,000-bottle capacity wine cellar and tasting room along with a lounge located in the ship's bow, a spa, a movie theater, restaurants and a beach club.

Residents will be charged an annual fee to cover expenses like maintenance and repairs, along with fuel and food.

A spokesperson for the project tells CNN Travel that Somnio has attracted exceptional interest since it was unveiled earlier this year, with some apartments already sold.

At present, The World, which measures 643 feet, is the largest private residential yacht on the globe, with a combination of studios as well as one to three-bedroom apartments on board.

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What the $600M ‘world’s biggest yacht’ will look like inside

600 million dollar super yacht

Tamara Hardingham-Gill, CNN • Updated 11th November 2021

(CNN) — It’s set to be one of the largest private residence yachts in the world when it launches in 2024, but what does a luxury apartment on board the 728 foot Somnio actually look like?Interior renderings of the $600 million vessel have just been unveiled, offering a glimpse inside what’s being described as the world’s first “yacht liner.”While all 39 of the floating apartments, which come with a private balcony or terrace, are said to be “fully customizable,” some of the options showcased include huge shell-shaped beds, expansive living areas with ocean views, and wall-length mirrors.

Floating homes

600 million dollar super yacht

Prices start from around $11 million, with sizes ranging from 1,600 to 6,500 square feet — the largest condo takes up most of the top deck.Somnio, which means “to dream ” in Latin, was designed by Winch Design and Tillberg Design of Sweden, and will be built by Norwegian ship designer and builder VARD.The interior renderings were devised by Winch Design, Tillberg Design of Sweden along with Luttenberger Design.Those who snap up a condo on “the most exclusive address in the world” will get to work with one of the design teams for up to three months in order to “decide the room configurations and select the materials, furniture, lighting and artwork.”

Exclusive address

600 million dollar super yacht

A gym, a library, inside and outside dining spaces, “distinct” dressing areas and a “vast living room space with 270-degree forward views” are among the options available, although the layout is to be based on the buyer’s preferences.The identity of the owners will be kept secret, but all residents will have access to full concierge services “for both onboard and land-based needs.””As the only residential superyacht in the world, we are delighted to work with designers that complement our exacting standards,” Captain Erik Bredhe, co-founder of Somnio, said in a statement.”Our owners will experience only the best, as is befitting of a yacht of this nature.”

Sustainability focus

600 million dollar super yacht

According to its designers, sustainability will be a key focus for Somnio, which is to be constructed with the “latest clean engine technology” along with materials and products to “create environmentally responsible interior design with a reduced impact” where possible.Among the shared on board amenities onboard available include a 10,000-bottle capacity wine cellar and tasting room along with a lounge located in the ship’s bow, a spa, a movie theater, restaurants and a beach club.

600 million dollar super yacht

Residents will be charged an annual fee to cover expenses like maintenance and repairs, along with fuel and food.A spokesperson for the project tells CNN Travel that Somnio has attracted exceptional interest since it was unveiled earlier this year, with some apartments already sold.At present,  The World , which measures 643 feet, is the largest private residential yacht on the globe, with a combination of studios as well as one to three-bedroom apartments on board.

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The $600 Million Dilbar Is The World’s Largest Yacht By Gross Tonnage

  • June 22, 2016

Built by Lürssen Yachts , the custom build super yacht Dilbar is the world’s largest yacht in terms of sheer gross tonnage. The 514.8 ft vessel features a steel hull, an aluminium superstructure and a teak deck, and has seven decks. One of the longest superyachts, Dilbar is currently fourth behind Azzam by Lurssen and Blohm + Voss built Eclipse and Dubai yachts.

Dilbar has been a big part of my life. She is truly special, culturally unique and incredibly detailed in so many ways. We are sure that her owners will enjoy every space on board. – Andrew Winch

Moreover, Dilbar’s diesel electric power plant of 30.000 kW is also the largest installed on any yacht and allows her to operate at a continuous speed of 22,5 knots. The yacht belongs to Alisher Usmanov. According to January 2015 Forbes website data, Usmanov is Russia’s richest man, with a fortune estimated at $14.7 billion, and the world’s 58th richest person.

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A Closer Look at the $600 Million Superyacht Azzam

It's the longest yacht in the world and one of the world's biggest superyachts. The Azzam is a sight to behold. It's sleek and slender. Traveling up to 32 knots, it's fast. The Azzam was commissioned by the President of the United Arab Emirates, one of the wealthiest monarchs in the world. It took three years to build and was launched in 2013. It's veiled in secrecy. No one knows quite for sure what the interior looks like except for what we've heard from French interior designer Christophe Leoni. We do know that the Azzam superyacht has a heliport, a submarine, and a missile defense system. It can travel at fast speeds in warm shallow water. It has a large capacity for guests and crew members. The Azzam is certainly one of the most luxurious yachts of all time. Here is a closer look at the $600 million Superyacht Azzam.

Who owns it?

It took one year to be engineered and three years to build the Azzan superyacht. Built in a Bremman, Germany Shipyard by Lüssen Yachts, the Azzam was launched in April 2013 and delivered to its owner in September of that year. The Azzam was commissioned by Khalifa bin Zayad Al Nahyan, the President of the United Arab Emirates. The expensive superyacht was commissioned as a charter to avoid higher European taxes but will not likely be used as a charter. Khalifa bin Zayad Al Nahyan is said to be worth $15 billion. His family is believed to be worth $150 billion. Khalifa was born in 1948 and was heir to the Abu Dhabi throne. He took on many political responsibilities during his father's reign. Khalifa succeeded his father as Emir of Abu Dhabi in 2004 and was named the President of United Arab Emirates the following day. He is married to Shamsa bint Suhail Al Mazrouei and they have several children. They reside in the presidential palace and have a private jet. It's really no surprise that the fourth wealthiest monarch in the world commissioned the Azzam superyacht.

While technically not the largest yacht in the world, the Azzam is certainly the longest. The Eclipse, owned by Russian Roman Abramovich, is larger but falls 57 feet shorter than the Azzam. The Azzam is 590 feet long. Its beam is 68 feet. The Azzam features an unusually short draft that is just 14.1 feet. This helps the yacht gain its speed. Its maximum speed is 32 knots. The Azzam is powered by two gas and two diesel engines and features four pump jets. The Azzam's interior features an open floor plan with no pillars. The main salon is 29 meters long with an 18-meter beam. There are 18 staterooms that can accommodate up to 36 guests. The Azzam accommodates up to 60 crew members in 30 cabins.

Special Features

The Azzam superyacht has many special features. Some of these features are truly unique. While there is a heliport, there are some other amazing features that come with the Azzam. This superyacht has its own submarine. It also features a missile defense system. It's believed that the master suite of the Azzam is completely bulletproof.

Engineered by

The Azzam superyacht was engineered by Mubarak Saad al Ahbabi. He was commissioned to design a yacht that was innovative and could travel at high speeds in warm shallow waters. Mubarak Saad al Ahbabi took a year to design the Azzam along with the Italian yacht builders, Nauta Yachts. The end result is a sleek, slender and long yacht with the ability to sail fast. The Azzam is a modern yet timeless boat. Mubarak Saad al Ahbabi certainly created the yacht of its owner's dreams.

Built by Nauta Yachts

World renown Italian yacht designers, Nauta Yachts helped make the Azzam superyacht a reality. Nauta Yachts worked with engineer Mubarak Saad al Ahbabi to design and build the amazing superyacht Azzam. The company works diligently to create some of the greatest yachts in the world. From the original design through its building, Nauta Yachts designs yachts to be majestic, sleek, powerful and structurally sound. The company also pays attention to detail, honoring the requests of the person who commissions the yachts to be built. In building the Azzam, Nauta Yachts paid adherence to the owner's instructions to create a long, slender yacht with major security measures as well as a yacht that could travel at high speeds through even warm, shallow waters, according to Boats International.

Interior Design by Christophe Leoni

The interior design of Azzam is complements of French Yacht interior designer Christophe Leoni. While little is know about the interior of the Azzam, its interior design can be concluded through interior designer Christophe Leoni. The actual interior has been kept secret with no known photographs made public. We do know that the main salon has an open floor plan with no pillars to break it up. We do know that Christophe Leoni, through his own style and through the owner's request, decorated the interior of the Azzam in early nineteenth century French Empire style yet in a relaxed fashion. There are 18 large guest staterooms as well as 30 cabins for crew members. The master suite, we can only imagine, is a luxurious retreat for the President Khalifa bin Zayad Al Nahyan and his wife. The master suite is also said to be completely bulletproof. We can only imagine how enchanting gatherings are on this magnificent yacht in this magnificent atmosphere. The world's longest superyacht, the Azzam, is an amazing feat of yacht engineering. It's one of the largest yachts in the world and certainly one of the most luxurious and accommodating. The Azzam is luxurious, sleek and fast. It is certainly a wonderful way for the United Arab Emirate's President and his family and friends to relax on the sea.

Dana Hanson

Written by  Dana Hanson

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CRESCENT Yacht – Stunning $600 Million Superyacht

CRESCENT yacht is a 135.50 meter (445 ft) superyacht built by Luerssen in Germany and launched in 2018. She can accommodate up to 18 guests and 40 crew members and cost a rumored US $600 Million.

Despite her considerable price, the owner is unknown and his identity has not been released to the public after her purchase.

CRESCENT is currently considered 19th on the list of largest yachts in the world and the 11th largest ever built by Luerrsen.

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CRESCENT yacht interior

The nature of the interior and the exact layout are unknown, and only speculations and estimates are available.

It is assumed that CRESCENT includes a sizable gym, several swimming pools, a movie theatre, spa facilities, a beauty salon with several rooms, and an outdoor barbecue.

Wifi and air conditioning as well as a large elevator are also available aboard the superyacht. 

The renowned French design house Zuretti was responsible for developing an extravagant interior design for the motor yacht CRESCENT.

They specialize in custom projects and have worked on a variety of luxury vessels in the past. 

Their trademark style combines classic elements with contemporary features which is what CRESCENT’s interior most likely looks like as well.

Luerssen has described the interior as “traditionally styled” which suggests high-quality wooden elements, luxurious upholstery, and natural tones combined with opulent light fixtures.

According to the renowned manufacturer this style was chosen in accordance with the owner’s wishes. 

Due to her size, she is estimated to have at least three major salons and most likely very spacious cabins.

CRESCENT has a distinct absence of open-air space since most of her decks are permanently covered.

Her pools and jacuzzis are all located in shaded areas and not visible from passing boats or from the air.

The only exception is a medium-sized pool located in a somewhat hidden spot on the aft deck. At least one of her pools is said to feature a custom-made glass bottom.

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The exact layout of her cabins isn’t known, however, CRESCENT features a sizable master suite with panoramic views.

She can host up to 18 guests in an estimated 9 cabins and has space for a crew of 40 members. 

One of the few publicly known features is her large glass atrium which spans three separate floors.

This impressive structure has a tinted glass front and can be seen from both her starboard and port side.

These large window fronts let in additional natural light giving the interior a more modern and innovative design. Across the entire yacht, a state-of-the-art entertainment system has been installed, including large tv screens in all bedrooms and salons as well as a modern audio system.

Specifications

CRESCENT displaces an incredible 9.194 tons making her one of the largest yachts in the world by weight. Even for her length of 135.50 m (445 ft) this is impressive.

Her top speed lies somewhere around 18 knots, although she tends to cruise at 12 knots which is reasonably fast considering her gross tonnage.

She is powered by twin MTU 16V4000 diesel engines and has a beam of 22.04 meters (72.4 ft) and a draft of 5.2 meters (17.1 ft).

CRESCENT sails under the Cayman Islands flag, which is one of the most popular in the world for superyachts.

Although the exact details of her sale from Luerssen are unknown, she is rumored to have cost US $600 Million with average running costs of US $25 to $50 Million every year.

She was constructed at the Lemwerder shipyard, which lies close to the city of Bremen in Germany. Since CRESCENT is currently in private ownership, she is not available for charter or for sale.

cres9

The Norwegian naval architect and designer Espen Oeino worked on CRESCENT and developed her eye-catching exterior.

Unlike the majority of large yachts, she is not white, which makes her stand out even more, especially when docked in popular harbors across Europe.

image 32

The secrecy surrounding her owner and interior has made her a popular target for yacht spotters, although there are still very few photos available of this magnificent vessel.

The exterior of CRESCENT is a dark navy blue, and the upper stories feature a silvery chrome color.

Her design has been described as masculine and muscular in the past, with a modern approach to traditional yacht layout that appears especially striking.

She has a large aluminum superstructure and a total of four decks. Guests have their choice of two helicopter landing pads, one located on the bow of the vessel and the other on the top deck.

The latter is equipped with a retractable helicopter hangar which can be extended to cover a small aircraft if needed.

This is a unique feature that cannot be found in very many other superyachts. It’s yet another example of the high levels of privacy that this yacht offers for its anonymous owners.

It goes without saying that a modern yacht such as CRESCENT is equipped with state-of-the-art zero-speed stabilizers.

On the lower aft deck, she has a generous beach club area with a large swimming platform and an adjacent pool.

However, unlike many other superyachts, this area cannot be closed off when the vessel is underway. 

At night CRESCENT is illuminated by an advanced underwater lighting system that was tailor-made for the yacht. She carries at least three tenders, although their make and type are not known. 

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Russian oligarch Alisher Usmanov’s $600M yacht seized in Germany: reports

Usmanov on tuesday confirmed that financial actions had been taken against him.

Here are your FOX Business Flash top headlines for March 2.

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Authorities in Germany this week seized a lavish $600 million yacht belonging to a Russian oligarch , according to reports.

The Dilbar, a 512-foot vessel belonging to billionaire Alisher Usmanov, was taken over by authorities while it was being refitted in a German shipyard, Forbes reported.

The business magazine learned about the move Wednesday, just two days after Usmanov was sanctioned by the European Union as part of its response to Russia’s invasion of Ukraine , the report said.

The EU has accused Usmanov of being a close ally of Russian President Vladimir Putin and a supporter of Russia’s 2014 invasion of Crimea, the Washington Examiner reported.

RUSSIA INVADES UKRAINE: LIVE UPDATES

Usmanov on Tuesday confirmed that financial actions had been taken against him.

600 million dollar super yacht

The luxury yacht Dilbar, which was delivered to a Russian billionaire in 2016, is moored at the Blohm+Voss shipyard on Oct. 30, 2021, in Hamburg, Germany.  (Getty Images / Getty Images)

"On 28 February 2022 I became the target of restrictive measures imposed by the European Union I believe that such decision is unfair, and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity, and business reputation," he wrote Tuesday.

The statement was posted on the website of the International Fencing Federation , where the former professional fencer served as president since 2008 until stepping down Monday, the Examiner reported .

The Dilbar had been undergoing work at a shipyard in Hamburg, Germany, since October, according to Forbes. Employees of Blohm+Voss, the shipbuilding firm overseeing the project, were not at work Wednesday, the report said.

German shipbuilder Lurssen, which built the Dilbar, claims it’s the world’s largest motor yacht by gross tonnage, weighing nearly 16,000 tons, according to Forbes.

When operating, the ship has a crew of 96 people. It features an 82-foot swimming pool, two helicopter pads, sauna, gym and beauty salon and has 12 suites for accommodating 24 guests.

Usmanov is a former stakeholder in the English soccer club Arsenal FC, having sold his 30% share of the club for nearly $700 million in 2018, the report said . 

Usmanov retained a connection to the English Premier League through sponsorship deals involving his companies but those deals were discontinued, the Examiner reported.

600 million dollar super yacht

Super yacht Dilbar, owned by Russian billionaire Alisher Usmanov, departed the Port of Southampton in the United Kingdom, in June 2021. (Getty Images / Getty Images)

Separately, Russian oligarch Roman Abramovich said Wednesday that he will sell English club Chelsea FC and donate proceeds to Ukraine war victims.

Usmanov's fortune comes largely from investments in the production of iron ore, steel and consumer electronics, as well as smaller stakes in telecom, mining and media companies, Forbes reported.

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He also has numerous real estate assets in Europe, according to the report.

President Biden and other Western leaders have made Russian oligarchs a target of their efforts to put economic pressure on Putin as he continues the Russian invasion of Ukraine.

This week in Washington, House Republicans promoted a bill that would let U.S. citizens seize yachts, planes and other property belonging to Russian citizens in the U.S.

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A $600 million superyacht linked to the Russian billionaire Roman Abramovich has left a Spanish shipyard after undergoing repairs since 2021

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A superyacht linked to Roman Abramovich has left a Spanish shipyard, according to MarineTraffic.

The $600 million yacht had been docked there for repairs since late 2021, one person told Reuters.

Abramovich hasn't yet come under sanctions imposed by the US or European Union.

A superyacht with ties to the Russian oligarch Roman Abramovich departed from Barcelona in Spain on Tuesday after undergoing repairs since last year.

The yacht's departure was first reported by Reuters .

The vessel, named Solaris, left the shipyard of the Spanish yacht-maintenance firm MB92 in Barcelona on Tuesday afternoon, according to the ship-tracking site MarineTraffic .

Solaris, which spans 140 meters, or 460 feet, has a price tag of $600 million and can hold up to 36 guests, according to SuperYachtFan , which said that Abramovich owns the yacht .

The yacht was finished in 2021 after being built by the German company Lloyd Werft, according to SuperYacht Times .

A person in the industry told Reuters that the yacht had been docked at the Barcelona shipyard since late 2021, but it wasn't clear where it was headed next.

"We never comment on the movements of the yacht or any other vehicles or vessels," a spokesperson for Abramovich told Reuters.

MB92 declined to comment to Reuters and Insider.

The news comes as the wealthiest Russians sought to move their yachts and private jets to different locations after the invasion of Ukraine in an attempt to protect their assets.

Abramovich, who has a net worth of $13.6 billion , according to a Bloomberg estimate, hasn't yet come under US or EU sanctions, which have been imposed on other Russian oligarchs and billionaires with ties to President Vladimir Putin since his troops invaded Ukraine.

Last week, Abramovich announced he was selling the English Premier League team Chelsea FC, with an asking price of $2.5 billion, The New York Times reported.

Read the original article on Business Insider

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The 5 Most Expensive Superyachts in the World

By Brett Berk

Eclipse the private luxury yacht of Russian billionaire Roman Abramovich anchors in Fethiye district of Mugla

Though superyachts are already among the most costly consumer items available for purchase, the prices of the most expensive superyachts in the world are still astounding. In recent decades, those with money to burn have settled on these floating palaces as an ideal locus for demonstrating their prosperity, and as such, the global superyacht industry is undergoing a golden age. The world’s über-wealthy think of their superyachts as toys, and they’re constantly trying to outdo each other in scale, design, amenities, materials, and sheer profligacy.

Knowing this, what features does it take to own one of the most expensive superyachts in existence? And how much do these opulent vessels actually cost? To that end, AD has compiled a list of the five priciest superyachts currently out on the water. As with many things connected to the very wealthy, details are shrouded in secrecy—often intentionally—to protect privacy or to shield the assets from taxation or seizure. Below, dive into the five reportedly most expensive superyachts in the world.

Super yacht Dubai is moored at the Doha Sailin

5. Dubai ($400 million)

This 531-foot yacht is reportedly owned by United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. Though it was originally planned for another Middle Eastern potentate, Prince Jefri Bolkiah of Brunei, he suddenly voided the contract in 2001. With exteriors designed by Andrew Winch and interiors by Platinum Yachts, this German-built Blohm + Voss vessel features several Jacuzzis, a pool inlaid with handmade mosaic tiles that is reportedly large enough to hold 115 people, a circular staircase, a discotheque, squash courts, a movie theater, a dining room for 90 guests (the other 25 presumably have to eat in the pool?), a helipad, and a submarine.

The 147 meter mega luxury yacht of Manchester City soccer club owner Sheikh Mansour bin Zayed al Nahyan from UAE

4. Topaz ($527 million)

Resembling a stealth bomber, this 483-foot ship is reportedly owned by Russian fertilizer and coal oligarch, Andrey Melnichenko. With exteriors by Tim Heywood Design Ltd. and interior designs by Terence Disdale Design, this German-built Lürssen Yacht features a 2,500-square-foot primary bedroom, six guest suites (with moveable walls so they can be transformed into four grand staterooms), glassware and tableware fashioned from French crystal, a helicopter hangar, a 30-foot speedboat tender, and three swimming pools, including one with a glass-bottom dangling menacingly above a disco.

The longest luxury yacht in the world the 180m long 'Azzam' is visible at the Luerssen shipyard

3. Azzam ($600 million)

This 590-foot ship is currently thought to be the largest private yacht in the world and one of the fastest, with a top speed of 35 miles per hour. To achieve this immense scale and speed, it required a pair of gas turbines and two stratospherically potent diesel engines, rendering it very difficult to build. It is reportedly owned by a member of the royal family of the UAE, Sheikh Khalifa bin Zayed Al Nahyan. With exteriors by Nauta Yacht and interiors by French decorator Cristophe Leoni, this yacht was also built by Lürssen in Germany. The vessel is set apart by its early 19th-century empire-style veneered furniture, as well as its state-of-the-art security systems including a fully bulletproof primary suite and a high-tech missile deterrence capabilities.

Eclipse the private luxury yacht of Russian billionaire Roman Abramovich anchors in Fethiye district of Mugla

2. Eclipse ($1.5 billion)

In addition to being the second-costliest, this 533-footer is thought to be the world’s second-largest private yacht. Owned by Russian billionaire Roman Abramovich, the ship was claimed to be located in Turkey and may be impounded as part of the United Kingdom’s sanctions against Russia. Designed by Terry Disdale and built by Blohm + Voss, it features two-dozen guest cabins, two swimming pools, two helipads, and multiple hot tubs. For privacy and security reasons, it hosts a missile detection system, bulletproof windows in the primary bedroom and on the bridge, an anti-paparazzi shield and, when all of that fails, a mini-submarine that can take a few VIPs 164 feet under the ocean’s surface.

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1. History Supreme ($4.8 billion)

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$600 million yacht will feature 39 luxury condos, $600 million yacht onboard opulence ... peek inside ship's luxury condos.

This 728-foot superyacht is going to be a floating paradise for those rich enough to snag one of the rooms luxury condos on board -- and this first look at life on the Somnio is incredible!!!

Ya gotta check out the gallery to see what folks are getting with these floating homes, which start at $11 million, BTW ... it's no wonder this $600 million yacht is being hailed as the most exclusive address on Earth.

It's going to be the biggest residential superyacht in the world, featuring 39 condos, decked out with sweeping ocean views, private gyms, libraries, balconies, terraces, indoor and outdoor dining areas and huge living rooms.

The shared amenities onboard are pretty extravagant too ... including a wine cellar and tasting room with 10,000 bottles, plus a movie theater, spa, restaurants, beach club and a lounge at the front of the yacht.

The Somnio won't set sail until 2024, but these renderings are sure to have the super-rich lining up for the maiden journey.

The rest of us will just be over here dreaming ... and drooling.

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A multimillion-dollar superyacht once owned by a Russian oligarch has gone to auction

Dustin Jones

600 million dollar super yacht

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase. JON NAZCA/REUTERS hide caption

The Axioma superyacht, seen in Gibraltar in March, once belonged to Russian oligarch Dmitrievich Pumpyansky. The vessel was seized last March in accordance with sanctions imposed by Britain and the European Union. It will be auctioned off Tuesday, with the proceeds going to JP Morgan Chase.

A superyacht once belonging to a Russian billionaire went to auction Tuesday in the British territory of Gibraltar. The vessel, estimated to have a value in the tens of millions of dollars, was seized in March as part of Western sanctions against Russia following the invasion of Ukraine.

Gibraltar's Admiralty Marshal was tasked with appraising and selling the yacht, which received 63 bids, according to court documents. Its official appraised value is "a confidential matter which cannot be disclosed," although outside estimates reportedly place it anywhere from $42 million to $75 million. Details about who ultimately purchases the vessel and for what price will be made public when the transaction is complete.

Measuring 236 feet long and weighing over 1,600 tons, the Axioma is a sight to behold. It can accommodate 12 guests in six cabins — along with a 20-person crew in 12 other rooms — and features a gymnasium, full-service spa, infinity pool and luxury cinema, as stated on the Howe Robinson Partners auction site.

The cost to charter the Axioma for a week runs an average of roughly $500,000 , not including other operating costs, according to Yacht Charter Fleet.

The former owner of the ship is Dmitrievich Pumpyansky, once Russia's largest steel pipe manufacturer and currently worth $2 billion, according to Forbes . Unfortunately for Pumpyansky, he was sanctioned by Britain and the European Union after the invasion.

Other superyachts owned by Russian oligarchs have been detained as a result of the sanctions, but the Axioma is the first to be sold off, the Guardian reported.

Despite calls for the proceeds of the sale to benefit Ukraine, the funds will instead be paid to JP Morgan Chase. According to the Guardian, the international bank had a loan agreement with Pumpyansky's holding company, Pyrene Investments.

However, the sanctions against Russia prevented JP Morgan Chase from accepting payments from the holding company, breaching the agreement, and the bank filed a legal claim to have the vessel seized and sold at auction.

Other superyachts belonging to Russian elites have been detained all over the world — including the Amadea, which was seized in Fiji at the request of the United States in May. That $300 million yacht belonged to Suleiman Kerimov, a Russian gold producer worth over $12 billion, according to Forbes .

The fate of the Amadea is uncertain, however; it, too, could be sold to the highest bidder, which would be in line with President Biden's aims to hold Russian oligarchs accountable for their role in the invasion and, potentially, use the proceeds to aid Ukraine.

Who is Ralph de la Torre? The CEO of Steward Health Care with a $40 million yacht

600 million dollar super yacht

Once a respected cardiac surgeon, Dr. Ralph de la Torre, chairman and CEO of Steward Health Care , has been publicly criticized for living a lavish lifestyle — owning not one but two yachts — while running his company into the ground.

De la Torre bought his $40-million yacht after Steward sold its hospital properties to Medical Trust Properties (MTP), a real-estate investment trust, in 2016 — a deal that resulted in a massive payday for executives while leaving the Steward-operated hospitals to face steep annual rents as they transitioned to being tenants under MTP’s ownership.

On Monday, those financial troubles came to a head when Steward filed for Chapter 11 bankruptcy .

When de la Torre first started Steward in collaboration with Cerberus Capital Management, a New York-based private equity firm, his self-described goal was to create an affordable approach to healthcare that served vulnerable populations.

Instead, doctors, nurses and elected officials have criticized the for-profit network for prioritizing their own profits over patient care.

Here’s everything you need to know about the man behind Steward's downfall.

6 jaw-dropping revelations Stunning takeaways from Steward Health Care's bankruptcy filing

Does Steward’s CEO have a $40 million-dollar yacht?

In February of this year, Boston Globe columnist Brian McGrory revealed that Steward’s CEO owns not one, but two yachts.

De la Torre bought the $40 million, 190-foot yacht named the "Amaral" a few years ago, according to McGrory’s reporting for the Globe . De la Torre's other yacht is a $15 million, 90-foot sport fishing boat named the ‘Jaruco.'

The Amaral is a massive, six-bedroom yacht that costs about $4 million a year to run, according to SuperYacht Fan .

What will happen to Good Sam? What to know about Steward Health Care amid bankruptcy, financial crisis

According to reporting by The American Prospect , Steward acquired at least two business jets and a private suite at Dallas’s AA Arena, where the NBA’s Mavericks play. 

Where did Ralph de la Torre work before Steward?

In 2008, de la Torre became the CEO of Caritas Christi Health Care, a struggling hospital network in Massachusetts. A few years later, he made a deal with Cerberus Capital Management to start Steward Health Care and invest money into struggling hospitals.

Is Ralph de la Torre a medical doctor?

De la Torre graduated from Duke University in 1988 and got his medical degree from a joint program between Harvard Medical School and the Massachusetts Institute of Technology in 1992, according to his biography.

Before his stint as CEO of Steward, he was the founder and CEO of the Cardiovascular Institute at Beth Israel Deaconess Medical Center (BIDMC) and Cardiovascular Management Associates, according to his biography on Steward’s website . He also worked as the Chief of Cardiac Surgery at BIDMC.

What is Ralph de la Torre’s salary?

According to reporting by The American Prospect , an individual familiar with Steward’s finances estimated he makes about $16 million per year.

In 2020, de la Torre bought Steward from Cerberus for $335 million, but with his own stake in the investment company, used Steward’s cash to pay himself a $100 million dividend, according to that same reporting.

Where does Ralph de la Torre live?

According to reporting by the Globe , de la Torre lives in a Dallas "mansion" and shares a neighborhood with former President George W. Bush and Mark Cuban, owner of the Dallas Mavericks and longtime panelist on ABC's "Shark Tank."

When de la Torre was living in Boston, he lived in a seven-bedroom home in West Newton that he sold for more than $6 million in 2013, according to reporting by Boston.com .

Who is Ralph de la Torre’s wife?

According to reporting by the Globe , de la Torre met his first wife, Wing Cheung de la Torre, a native of Hong Kong while he was in medical school. They married in 2004 and had twin boys in 2008. In 2018, she filed for divorce.

He later remarried Nicole Acosta, a self-described real estate representative, according to the Globe.

600 million dollar super yacht

Just 50 Families Have Spent $600 Million On The 2024 Elections So Far

J ust 50 American families have funneled more than $600 million into the 2024 elections in donations to political parties, PACs and super PACs, a new report has found — a staggering figure that underscores the disproportionate influence the wealthy will wield on the outcome of November’s elections.

The report, from the progressive nonprofit Americans for Tax Fairness (ATF), tracked the top 50 families or individuals, all worth billions, who have pumped the most money into the political system as of early May. 

“These 50 billionaire families alone have the political-spending capacity of over 6 million ordinary American families,” wrote the authors, senior ATF associate Zachary Tashman and senior writer William Rice. They based the comparison on the average net worth of the American family and the average net worth of the 50 families in the report, who have a combined net worth of more than $1 trillion.

More than two-thirds, or 69%, of their donations flowed to Republican candidates or causes, including the super PAC supporting former President Donald Trump’s reelection campaign, and Americans for Prosperity Action, a super PAC affiliated with the Koch family that supports conservative candidates. Only 23% went to groups supporting Democrats, and the remainder did not have a clear partisan affiliation.

“That pronounced GOP tilt is a sign that the political spending of billionaire families is largely an investment in preserving familial wealth and power,” the authors argued, noting that many Democrats campaigned on raising corporate income taxes and taxes on the wealthiest 1%, while Republican policies further insulate major fortunes from taxation.

Jeff Yass, a billionaire stock trader from Pennsylvania and newfound ally of Trump, is the largest individual donor so far this cycle, having given more than $70 million, most of it to the far-right Club for Growth and the PAC supporting the hard-right House Freedom Caucus.

In a close second is hedge fund manager Ken Griffith, who has focused much of his spending on David McCormick, a fellow hedge fund manager challenging Sen. Bob Casey (D-Pa.), and Maryland Gov. Larry Hogan, who is running for his state’s open Senate seat.

LinkedIn founder Reid Hoffman and his family are the largest Democratic donors on the list and have concentrated their spending on supporting President Joe Biden’s reelection.

Even among these ultra-wealthy families, political giving was most concentrated at the top. The top 10 families by political donations ― which also include well-known conservative mega-donors such as the Kochs, Ricketts and Uihleins ― accounted for more than half of the 50 families’ overall spending.

Mega-donors owe their ability to shower political causes with millions in donations to Citizens United v. Federal Election Commission , a landmark 2010 Supreme Court decision that obliterated most limits on indirect political giving. The decision also enabled donors to make unlimited “dark money” donations, which are not publicly traceable, meaning the total spending by the biggest political contributors is likely much higher than $600 million. 

  • Trump Had On-Brand Message For Donors Who Wanted Photos With Him At Fundraiser
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Former President Donald Trump, right, stands with his wife, Melania Trump, as they arrive for a GOP fundraiser, Saturday, April 6, 2024, in Palm Beach, Fla. (AP Photo/Lynne Sladky) (Photo: via Associated Press)

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Lawsuit Accuses Everton Bidder 777 Partners of $600 Million Fraud

In a suit filed in federal court in New York, a firm that provided hundreds of millions of dollars to 777 accused the company of double-pledging its collateral to other investors.

People walk near a large blue building with an Everton logo on the side.

By Tariq Panja

Reporting from London

The American investment firm 777 Partners, whose bid to buy the English Premier League soccer team Everton has been on hold for months amid doubts about the company’s finances, was accused by one of its lenders on Friday of running a yearslong fraud scheme worth hundreds of millions of dollars.

The accusation came in a lawsuit filed Friday in federal court in New York by Leadenhall Capital Partners, a London-based asset management company. It said that it had provided 777 Partners with more than $600 million in financing, only to discover that roughly $350 million in assets serving as collateral for the loans either were not in 777’s control or had already been pledged to other lenders.

The lawsuit is the latest, most serious claim against 777 Partners, which has for years made bold assertions about its financial health — it has previously claimed $10 billion in assets — even as it was trailed by a string of lawsuits , corporate failures and unpaid bills .

The suit could have immediate implications for 777’s stalled bid to buy Everton: The Premier League has not approved the sale, and the financially strapped club recently said it was seeking alternate investors .

But questions about the company’s balance sheet also carry the risk of contagion for the broader world soccer market, given that 777’s portfolio includes ownership stakes in teams in Australia, Brazil, Belgium, France and Germany, and because it owes debts at all of them.

Leadenhall’s lawsuit names a host of 777 companies as defendants, and also its two owners, Steven Pasko and Josh Wander, and their biggest financial backer, Kenneth King, and his firm, ACAP.

Leadenhall Capital Partners offered no further comment on Saturday about the court filing. ACAP, through a spokesman, called Leadenhall’s claims “baseless,” but did not deny it held the first claim on 777’s assets.

“ACAP, similar to Leadenhall Capital, serves as a lender to 777 — there are no ownership ties,” it said. “The key distinction lies in the fact that ACAP holds senior rights to collateral associated with 777.

777 Partners did not respond to a request for comment on the lawsuit or its accusations, and in recent months it has declined to respond to questions about its ability to close the Everton deal “out of respect for the process.”

But in an open letter to Everton fans posted on the team’s website last year, Mr. Wander acknowledged that questions had been raised about his company’s finances. “Rest assured," he wrote then, “in this case, that the truth is far more boring than the fiction.”

Beyond its central accusation that 777 Partners had persuaded Leadenhall to lend it $350 million through a false representation of its assets, the claim includes details of behind-the-scenes discussions and investigations to resolve the matter.

In the filing, Leadenhall said it had begun to question its relationship with 777 after receiving an anonymous tip in 2022 charging that Mr. Wander had pledged assets that he either did not own or had already pledged elsewhere to secure new loans.

After looking into the tip and concluding that the accusation was true, Leadenhall said, its executives confronted Mr. Wander. In several recorded calls in March and April 2023, Leadenhall said in the lawsuit, Mr. Wander acknowledged that assets had been double-pledged, which he described as an “embarrassing mistake,” and pledged to fix the problem.

Upon further investigation, Leadenhall said, it discovered that all of 777’s assets were already pledged to a separate investment company, ACAP, run by Mr. King. In unusually blunt language, Leadenhall accused the 777 owners, Mr. Wander and Mr. Pasko, and ACAP of “operating a giant shell game at best, and an outright Ponzi scheme at worst.”

In the months since the announcement last fall of 777’s bid for Everton brought heightened scrutiny to his businesses and himself, Mr. Wander has repeatedly sought to assure the team’s fans that 777 Partners remains committed to its proposed acquisition. But executives and fans at other soccer clubs controlled by 777 Partners may be unnerved by the latest accusations and the possible consequences for their teams.

Last fall, for example, executives at the Brazilian club Vasco da Gama complained that a $25 million loan that 777 Partners had given Everton was similar to an amount that was, at that moment, still owed to Vasco. The money eventually arrived, but only after 777 Partners attributed the delay to a public holiday in the United States.

Elsewhere, concerns will likely continue to fester. At a match in France on Saturday, fans of another 777-owned club, Red Star F.C. of Paris, handed out fake bank notes bearing a photo of Mr. Wander and the words “In Josh We Don’t Trust.”

The protest, the notes said on their reverse side, “is a reflection of current owner of Red Star: an appearance of wealth that in fact conceals a lack of real economic stability, and an imminent disaster waiting to happen.”

Tariq Panja is a global sports correspondent, focusing on stories where money, geopolitics and crime intersect with the sports world. More about Tariq Panja

Inside the World of Sports

Dive deeper into the people, issues and trends shaping professional, collegiate and amateur athletics..

Testing the W.N.B.A.’s TV Limits:  The docuseries “Full Court Press” closely tracked college stars like Caitlin Clark and Kamilla Cardoso. Fans who want to follow elite W.N.B.A. rookies could have a tougher time .

Competing for Olympic Spots:  Two friends had run side by side for more than 10,000 miles. Both vied for a place in the marathon at the Paris Games .

Captivating New York:  It has been 50 years since the Knicks last won the N.B.A. championship. Now, a freshly promising team has enthralled the city .

Americanizing English Soccer:  U.S. investors are gobbling up the storied teams of the English Premier League — and changing the stadium experience  in ways that soccer fans resent.

Wild World of Sports:  Surprisingly often, animals show up uninvited at sporting events. Sometimes, it gets a little weird .

Billionaires like Jeff Bezos and Mark Zuckerberg spend six figures a year maintaining their superyachts. Here's how.

  • Superyachts  are one of the most expensive assets money can buy.
  • The true cost of ownership is even more, adding up to millions a year.
  • Here's how much it costs to own a superyacht — and what that money is going toward.

Financial advisors are quick to warn prospective owners that a boat is nothing more than a hole in the water in which to throw money. When it comes to superyachts , you'd better have bags and bags of cash.

As one luxury agent told Business Insider at the Palm Beach International Boat Show: "Buying a boat, it's a huge purchase — and nobody needs a yacht."

A superyacht, generally over 30 meters long, is one of the most expensive assets money can buy, with the largest costing more than a lot of real estate or a private jet. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts.

That doesn't include operating costs. Owners should expect to pay about 10% of a yacht's new-build price each year, experts told Business Insider. That's tens of millions of dollars annually for the most luxurious boats.

"It's a small-to-medium-sized business in its own right," said Jeffrey Beneville, a senior vice president at insurance company NFP, where he specializes in consulting clients about yachts.

Unlike many smaller boats, superyachts need staff, not just a captain. Some superyachts have space for dozens of crewmembers , including a chef, engineer, and masseuse for the guests onboard. Each gets an annual salary — the highest-ranking members earn six figures — and benefits. Eric Schmidt's yacht fits a crew of 28 for a ratio of about two crewmembers per guest.

Then there's fuel, dockage fees, routine maintenance, and insurance. The latter hinges on everything from the reputation of a yacht's shipyard to where an owner wants to take it (if a vessel is taking frequent trips to the South China Sea, for example, expect to pay a higher premium). If a superyacht has a support yacht — or a support superyacht, in Bezos ' case — expect to pay another 10% of that boat's price annually.

"The cost to maintain a yacht is so high that they just think that money's getting lit on fire," Matthew Fleissig, the CEO of wealth management firm Pathstone, told BI of his clients who choose to charter rather than own.

One of his firm's clients who does own has a 23-meter yacht valued at $5.2 million. The annual cost to staff, maintain, dock, and insure the boat is $346,297, according to documentation provided to BI. The lion's share is spent on marina fees ($95,970) and maintenance work ($88,408.) While not exactly a Sunfish, that boat is too small to count as a superyacht.

At 106 meters, the Amadea, owned by a sanctioned Russian oligarch , definitely does. The $300 million yacht, which was seized in 2022 and is docked in San Diego, cost $922,000 a month to maintain, a court filing showed: $360,000 for crew salaries, $75,000 for fuel, $144,000 for insurance, $178,000 in dry-docking fees, and $165,000 for maintenance, waste removal, food for the crew, and miscellaneous expenses.

"And that's an inactive yacht that's in the water," NFP's Beneville said.

If it were operational and carrying guests, the costs would be about twice that, or between $20 million and $30 million a year, he added.

Of course, it makes more financial sense for the non-obsessives to charter, and many of Fleissig's clients do. And some owners choose to offer their yachts for charter — the most luxurious cost as much as $1 million a week — to offset the costs.

"If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.

Then again, the running costs don't matter as much at a certain point. "If you're worth $30 billion, it's nothing. And if you're worth $117 billion — and these are the guys we're talking about — they're in it as long as it's still enjoyable for them," Beneville said. "It's not a money thing."

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    Inside Andrey Melnichenko's $600 Million 'Yacht A'.Yacht A spans 468 ft. and features amenities like 4 launch boats and an underwater observation deck. With ...

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  5. CRESCENT Yacht • Igor Sechin $600M Superyacht

    With a rumored cost of more than $600 million, the Crescent Yacht represents a significant investment in luxury and comfort. While the owner of the yacht remains unknown, speculation connects it to a Rosneft executive, potentially Russian billionaire Igor Sechin. The estimated value of the yacht stands at a staggering $600 million, with annual ...

  6. What the US$600M 'world's biggest yacht' will look like inside

    Prices start from around $11 million, with sizes ranging from 1,600 to 6,500 square feet -- the largest condo takes up most of the top deck. Somnio, which means "to dream '' in Latin, was designed ...

  7. What the $600M 'world's biggest yacht' will look like inside

    An interior rendering of new residential yacht Somnio, which is set to launch in 2024. Prices start from around $11 million, with sizes ranging from 1,600 to 6,500 square feet — the largest condo takes up most of the top deck.Somnio, which means "to dream " in Latin, was designed by Winch Design and Tillberg Design of Sweden, and will be ...

  8. How much the 'World's Biggest Yacht' costs? Somnio new boat costs $600

    Apartments on the boat are available for purchase, starting at $11 million. By Janae Price. Published on Nov 11, 2021 at 5:19 PM. Courtesy of Winch Design. "The most exclusive address in the world ...

  9. The fate of billionaire Russian oligarch Alisher Usmanov's $600 million

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  10. SOLARIS Yacht

    Yacht SOLARIS was delivered to Abramovic for a reported price of US $600 million, placing her among the most expensive superyachts in the world. She generates a further US $50 - $60 million in annual running costs. ... RISING SUN yacht is currently the 16th largest motor yacht in the world at a length of 138.6… Read More. Superyachts ...

  11. The $600 Million Dilbar Is The World's Largest Yacht By Gross Tonnage

    June 22, 2016. Built by Lürssen Yachts, the custom build super yacht Dilbar is the world's largest yacht in terms of sheer gross tonnage. The 514.8 ft vessel features a steel hull, an aluminium superstructure and a teak deck, and has seven decks. One of the longest superyachts, Dilbar is currently fourth behind Azzam by Lurssen and Blohm ...

  12. SOLARIS Yacht • Roman Abramovich $600M Superyacht

    Her value is $600 million. Her annual running costs are around $60 million. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the cost price of materials and technology used in its construction.

  13. A Closer Look at the $600 Million Superyacht Azzam

    Its beam is 68 feet. The Azzam features an unusually short draft that is just 14.1 feet. This helps the yacht gain its speed. Its maximum speed is 32 knots. The Azzam is powered by two gas and two diesel engines and features four pump jets. The Azzam's interior features an open floor plan with no pillars.

  14. CRESCENT Yacht

    December 27, 2022. CRESCENT yacht is a 135.50 meter (445 ft) superyacht built by Luerssen in Germany and launched in 2018. She can accommodate up to 18 guests and 40 crew members and cost a rumored US $600 Million. Despite her considerable price, the owner is unknown and his identity has not been released to the public after her purchase.

  15. From Russians to CEOs, Here's Who Owns 10 of the Most Pricey Yachts

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    A multimillion-dollar superyacht once owned by a Russian oligarch has gone to auction. August 23, 2022 6:28 PM ET. By . ... That $300 million yacht belonged to Suleiman Kerimov, ...

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  27. Lawsuit Accuses Everton Bidder 777 Partners of $600 Million Fraud

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