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There are $3 billion of rare superyachts on sale at the Monaco Yacht Show — take a look inside

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Legend yacht monaco

Yacht enthusiasts hailing from around the globe are gathering at the Monaco Yacht Show on Wednesday to see some of the most stunning superyachts on the market.

This year's show will showcase more than 125 superyachts valued at a total 2.5 billion (just under $3 billion). The luxury yachts feature hot tubs, helipads, and gorgeous living rooms with pianos.

IYC, a global firm specializing in the sale of luxury yachts, gave us a sneak preview of some of the biggest ones on display at the Monaco Yacht Show. Scroll down for a closer look.

SEE ALSO: Here's how the super rich buy mega-yachts

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1. The BLISS yacht is built by luxury yacht manufacturer Heesen. The 40-meter (131-foot) ship will cost €14.5 million ($17 million).



Here's the main salon, which has a massive seating area and accompanying entertainment system. There's also a Jacuzzi and sauna on board.



There's also a bar with a direct view of the ocean.



See the rest of the story at Business Insider

UNVEILED: Benetti's new concept Se77antasette yacht

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Benetti has introduced a new 77m concept, Se77antasette, in cooperation with designer, Fernando Romero on the eve of the Monaco Yacht Show. The concept sees Benetti stray from its typical lines to a new form.

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According to the shipyard, the concept draws inspiration from the complex structures of the maritime world. "The major difficulty was to make an already excellent product even major difficulty was to make an already excellent product even better" says Benetti CEO, Vicenzo Poerio of the concept.

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Se77antasette's innovative design features include a glass dome on top of the sundeck that is able to hide all of the yacht's navigational equipment inside the superstructure without diminishing its capabilities.

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Located on the yacht's bow, Se77antasette's master suite stretches over 100 square meters along with extensive, private outdoor space. Two VIP cabins and four more guest cabins can be found on the lower deck.

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Aft of the main deck is a swimming pool where guests can enjoy the sun or gaze upon views from large openings on the side of the yacht.

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"Settantasette is the result of analyzing the DNA of Benetti and thinking further on the possibilities that new technologies have enabled."

-Fernando Romero, Founder, FR-EE

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Powered by five, variable speed CAT generators, the yacht could have a maximum range of 5,000 nautical miles at knots and carry up to 12 guests along with 19 crew.

SEE ALSO: Goldman Sachs seizes a yacht from a US oil mogul

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The 7 biggest yachts coming to the US's biggest boat show

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FILE PHOTO - Visitors walk past luxury boats as they attend the 26th Monaco Yacht show, one of the most prestigious pleasure boat show in the world, highlighting hundreds of yachts for the luxury yachting industry, in Monte Carlo port, Monaco, September 30, 2016. REUTERS/Eric Gaillard

Arguably the main yacht show in the United States, the Fort Lauderdale International Boat Show (FLIBS) is set to start to start on the 1st of November and last for a total of 5 days.

Earlier this year Informa, the parent company of the Monaco Yacht Show, spent $133 million to acquire a portfolio of shows, which included FLIBS.

These boats are the seven largest yachts that are scheduled to be on display at the upcoming show:

7. Rock.It

Length: 60m (198 ft) 

Yard: Feadship (2014)

Asking price: €70,000,000

The newest Feadship of her class currently on the market, Rock.It was built for an experienced yacht owner who custom designed her for personal, charter and corporate use. Reaching a top speed of 15 knots, she can accommodate a total of 10 guests.



6. Mine Games

Length: 62m (203 ft) 

Yard: Benetti (2010)

Asking price: $29,950,000

Built by Benetti, the Italian superyacht gigafactory, Mine Games has a steel hull with an aluminum superstructure. Notable features include an elevator that accesses all decks, an air-conditioned gym, a baby grand piano, a beach garage, a helicopter landing pad and a master suite on the bow with an 180 degree view.



5. Apogee

Length: 62.5m (205 ft) 

Yard: Codecasa (2003)

Asking price: $24,950,000

One of the largest yachts ever built by Italian shipyard, Codecasa, Apogee was delivered in 2003 and currently charters from $275,000 per week. She was last refitted in 2013. With 6 cabins for a total of 12 guests, Apogee has a maximum speed of 14.5 knots, powered by twin Caterpillar engines of 2,260hp each.



See the rest of the story at Business Insider

You can now rent a luxury yacht with bitcoin

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Light_Holic

  • Royal Yacht Brokers will now accept cryptocurrencies.
  • Company said it will lower fees for its  yacht charters and sales.


A luxury yacht company has announced that it will start accepting bitcoin as a method of payment, as a way to help attract more wealthy clients.

Royal Yacht Brokers, an agency based in Monaco, said it now considers a range of cryptocurrencies to be valid methods of payment.

It also said it will accept payment in precious metals, including lumps of gold and platinum.

The company said it will now take bitcoin and Ethereum as well as smaller cryptocurrencies like CryptoRuble.

The company added that as cryptocurrencies are increasingly being accepted in the real estate market, it expects this to soon expand to luxury and lifestyle markets.

It said it has hired Goldmoney to process its cryptocurrency and precious metal payments.

Bitcoin hit a record high at the weekend. The digital currency posted new high of $6,306 on Sunday evening, before dipping to around $6,111 on Monday morning. The cryptocurrency has rallied around 5,000% so far this year.

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These $2 million floating homes are designed to withstand Category 4 hurricanes

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floating home

South Florida — especially Miami and the Keys — was one of several regions that Hurricane Irma pummeled in early September. The Category 4 storm brought winds of up to 70 mph, destroyed hundreds of houses, and knocked out power for 5.8 million homes and businesses in Florida.

A new type of solar-powered home could withstand future storms and rising sea levels. From the architect Koen Olthuis and a housing startup called Arkup, the design will be presented at this month's Fort Lauderdale International Boat Show.

Olthuis told Business Insider that the moveable home would be able to withstand winds of up to 156 mph, classified as a Category 4 hurricane. It's designed to be buoyed so that when water levels rise during a storm, it will bob with the water.

Check out these renderings of the home, which the team hopes to start selling next summer.

SEE ALSO: These 10 cities are the most prepared for the future

The luxury homes, which Olthuis and Arkup call "livable yachts," will feature hydraulic jack-up systems to anchor and stabilize them during storms. The systems are designed to lift it 40 feet above the ocean floor to prevent flooding.



Each home's layout will be customizable.



The homes will be completely powered by solar panels on the roof.



See the rest of the story at Business Insider

The 11 largest luxury yachts sold in 2017

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Champagne on yacht

A solid year in terms of global financial performance, 2017 has also been a strong year for superyacht sales with 369 yachts sold so far this year, already up nearly 5% from the previous year.

Through its timeline platform, Yacht Harbour looks back at the largest yachts sold so far this year:

11. Andiamo

Length: 59.3m (194 ft)
 
Builder: Benetti (2009)
Asking price: €35 million
Originally known as Lady Lara, the 59-meter Benetti was delivered in the first quarter of 2009 by the Italian shipyard. Listed for sale in 2015 as her owner took delivery of the 91-meter Lurssen, Lady Lara, the yacht was ultimately renamed to Lady Luck and sold in January of this year. Her new owner changed her name to Andiamo.
Following the transaction followed a complete redesign of the yacht that was previously all white, from its interior through to its exterior. Her hull now bears a dark blue colour together with her chase tender. Up on the sundeck is a large Jacuzzi and gym. Her master suite, one of the most spacious on a yacht of her size, is located forward of the main deck.


10. Dynasty

Length: 59.3m (194 ft)
 
Builder: Benetti (2008)
Asking price: $29,5 million
Delivered in 2008 as part of Benetti's highly popular 59-meter line of superyachts, Dynasty, as other yachts in the line, features lots of interior volume. First put up for sale in 2013 at a price of €36 million, the yacht was refitted in 2015 with a full repaint of the yacht and her hull.
Sold in July 2017 at an asking price of $29,5 million, I Dynasty features a bespoke interior with intricate fabrics and lines throughout the yacht. Combining a mixture of dark wood and white furniture, the yacht can accommodate 12 guests in 6 cabins.


9. Lucky Lady

Length: 62.6m (205 ft)
 
Builder: Oceanco (2002)
Asking price: $39,7 million
Originally delivered in 2002 by Oceanco, the Dutch superyacht shipyard, as Lady Lola, the yacht was refitted in 2005 with the addition of a convertible helipad. In 2011, the yacht then changed ownership at an asking price of €36,8 million, which saw its interior being redesigned and its master cabin remodelled.
In 2015, the yacht came back on the market asking just under €50 million. A series of price reductions then brought her down to $39,750,000 at which asking price she sold in January of this year. Following the acquisition, the yacht was renamed to Lucky Lady and put on the charter market under her new name.
Amenities onboard include a hot tub on the sundeck with a waterfall feature, large windows in her full-beam sky lounge, a master cabin with a 180 degree view, forward on the bow. 


See the rest of the story at Business Insider

Take a rare look inside 8 of the most luxurious superyachts for sale at Miami's premier yacht show

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24_GRACE E_AA 0593Fraser Yachts

  • The 30th annual Miami Yacht Show is Thursday through Monday.
  • The show features some of the most extravagant yachts on the market.
  • We rounded up some of the most luxurious yachts at the show, with features like custom bar and lounge areas, complete media centers, and private gyms.


The 30th annual Miami Yacht Show kicks off on Thursday, showcasing some of the most extravagant and unique superyachts from custom-boat builders around the world. Five separate entrances lead to an extraordinary in-water-only display, covering 1.2 million square feet of space. The show will run until Monday.

We rounded up seven of the most impressive yachts featured in the show — scroll down for a closer look:

SEE ALSO: Inside Fraser yachts $160 million private mega yacht

1. Fraser Yachts Perini Navi Grace E is being sold for about $91.9 million.

Source: Fraser Yachts



It has a spacious and modern main lounge and seven guest cabins to accommodate 16 people.



Each of the decks can be accessed by elevator. This one has spaces for casual dining and sunbathing, as well as a spa tub.



See the rest of the story at Business Insider

Take a rare look inside the luxurious $92 million superyacht that has a sushi bar, a salon, Jacuzzi, and can sleep 16 people

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This week in Florida is the Miami Yacht Show,  which showcases over 500 boats and yachts across 1.2 million square feet. 

One of the most luxurious of these yachts is the Fraser Perini Navi Grace E, which costs about $92 million to buy, according to Fraser's website. Spanning a length of more than 200 feet, the superyacht has seven staterooms and an entire wellness deck complete with a spa and gym.

Keep scrolling for a closer look inside the luxury yacht:

 

SEE ALSO: Take a rare look inside 8 of the most luxurious superyachts for sale at Miami's premier yacht show

Built by Perini Navi, the Grace E superyacht measures about 240 feet long, and is priced at a whopping $91,931,000.



It has three enormous outer decks, each accessible by a private elevator.



The uppermost deck has its own jacuzzi and an outdoor bar.



See the rest of the story at Business Insider

The world's most expensive superyachts come with helipads, movie theaters, and swimming pools — take a look

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  • Many superyachts cost upwards of $200 million dollars and are owned by the wealthiest billionaires in the world.
  • The most expensive yacht ever built is made from solid gold, and costs a whopping $4.8 billion.
  • The yachts have features like movie theaters, concert halls, and multiple swimming pools. 

Some of the world's wealthiest individuals own the most outlandish yachts. 

With features like helipads, swimming pools, saunas, hot tubs, and more, the most expensive yachts in the world are the definition of luxury. Russian tycoons, oil Sheikhs, and entertainment moguls are vacationing on yachts spanning over 200 feet that often cost over half a billion dollars, not to mention the maintenance costs of owning a superyacht.

Check out some of the most expensive yachts in the world below: 

SEE ALSO: Take a rare look inside 8 of the most luxurious superyachts for sale at Miami's premier yacht show

$200 million: Microsoft co-founder Paul Allen owns this 414-foot yacht called the Octopus. It has 41 suites, a pool, two helicopters, a basketball court, and a recording studio.

Source: Forbes



$200 million: The Seven Seas yacht has a movie theater, infinity pool, gym and helipad. Reportedly, it once belonged to Stephen Spielberg.

Source: Forbes



$210 million: Billionaire Nassar Al-Rashid owns this yacht embellished with 24-karat gold lettering.



See the rest of the story at Business Insider

I spent 3 years writing about yachts, and owning one takes way more money than you think

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eclipse superyacht

  • A yacht costs a lot more than the price its owner bought it for.
  • There are additional expenses, like yacht crew, dockage, fuel, and maintenance, that many people don't think about.
  • Even many yacht crew wouldn't own a superyacht if they could afford it because they're so much money and work.

If there's one thing I took away from spending three years writing for the yachting industry and attending the Monaco Yacht Show, it's that buying a superyacht is the absolute pinnacle of indulgence for the 1%.

You see, these behemoths of the sea cost a lot more than the price tag they come with thanks to the upkeep they require — it's a series of neverending expenses. There's what I like to call the Big Four that will easily wear down an owner's black AmEx: yacht crew, dockage, fuel, and maintenance, among a host of other eye-popping costs.

Just ask the crew who work on yachts.

I once spent a day running up and down the docks at the Fort Lauderdale International Boat Show asking crew one question: Would you buy a boat if you were rich? The answer, overwhelmingly, was no. Those that said yes were new to the industry — my guess is that they just didn't know better yet.

Because, really, yachts are just floating money.

Here's how much it really costs to own a superyacht, which is generally defined as a boat at least 80 feet in length.

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DON'T MISS: The world's most expensive superyachts come with helipads, movie theaters, and swimming pools — take a look

Generally, yachts over 100 feet cost $1 million per 3.3 feet — and that's not counting costs for upkeep.

Source: Forbes



Some older yacht models around 80 feet may sell for six figures, but a superyacht will most likely set you back by at least a few million. An 84-foot yacht can cost $1.74 million, while a 295-foot yacht can cost $45 million.

Source:Fraser Yachts, Burgess



But that's just the beginning — owners can expect to spend about 10% of the purchase price annually on operating and maintaining a yacht. That's $1 million a year for a $10 million superyacht, although it varies.

Source:Business Insider



See the rest of the story at Business Insider

The world's largest private yacht cost $600 million to build and has held the record for more than 5 years — but it might soon be dethroned

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azzam yacht

  • The largest motor yacht in the world is a staggering 590 feet long and cost $600 million to build.
  • At its launch in 2013, the Azzam beat out Eclipse, the superyacht that previously held the title of world's largest, by a full 57 feet.
  • Azzam still holds its record more than five years later — but that might be about to change.

 

At 590 feet long, the Azzam is known to be the largest superyacht in the world.

Although there is no strict definition, a superyacht is generally understood to be a yacht that is at least 78 feet long, according to Warsash Superyacht Academy.

When it was launched in 2013, the yacht broke the record previously held by the Eclipse, a 533-foot yacht owned by Russian billionaire Roman Abramovich.

"[The Azzam] truly represents another milestone in not only our history, but yachting history as well," Lürssen Yachts managing partner, Peter Lürssen, said in a press release when the Azzam was launched.

Here's a look at the massive yacht.

SEE ALSO: Lexus reveals a luxurious 65-foot yacht and it's stunning

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The 590-foot yacht was finished in April 2013 and belongs to Sheikh Khalifa bin Zayed Al-Nahyan, president of the United Arab Emirates.

Source: CNBC



It dethroned Eclipse, the 533-foot superyacht owned by Russian billionaire Roman Abramovich, which previously held the record for largest yacht in the world.

Source: Business Insider



The Azzam cost an estimated $600 million to build and was constructed over the course of four years.

Source: CNBC



See the rest of the story at Business Insider

Rich people are descending on Southern France for the Cannes Yachting Festival, where Bugattis are everywhere and the Champagne never stops

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cannes yachting festival

  • Cannes hosts the Cannes Yachting Festival every September.
  • The rich come from around the world to shop some of the sleekest yachts.
  • But there's more to the Cannes Yachting Festival than the boats — it's full of Champagne, luxury cars, designer wear, and more.

Luxury. Glamour. Prestige. Such is Cannes, seducer of the rich and famous.

Every September, the French Riviera city plays host to the Cannes Yachting Festival, where wealth and yachts collide for five days to kick off European boat show season. Cannes is always a great place for some superyacht spotting, but at the Cannes Yachting Festival, some of the world's sleekest yachts make their debut as buyers from around the world walk the docks to shop for them.

From the seven- to eight-figure superyachts and the luxury cars that circle the ports to champagne toasts and dapper duds, the Cannes Yachting Festival is an indulgence at best.

But what else would you expect with such a high-net worth clientele? After all, yachts over 100 feet cost $1 million per 3.3 feet, and owners can expect to spend about 10% of the purchase price annually on operating and maintaining a yacht.

But the extravagance doesn't stop at the docks — visitors keep it going throughout Cannes itself.

Here's how the wealthy enjoy the Cannes Yachting Festival.

SEE ALSO: I spent 3 years writing about yachts, and owning one takes way more money than you think

DON'T MISS: What a $1 million vacation looks like in Mykonos, Greece, where you'll fly in on a private jet, sleep in an ocean-view villa, and cruise the seas in a yacht

Located on the French Riviera, Cannes is a hot spot for the glitterati.

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It's best known for the Cannes Film Festival every May.

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But it's also home to the Cannes Yachting Festival, held from September 11 to September 16.

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A yacht designer dishes on the 'ultimate luxury' that businesspeople are now looking for on their custom-designed yachts

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yacht people

  • Yacht trends are changing. 
  • More and more, people who order custom-made yachts no longer want offices onboard. 
  • Increasingly, yacht travelers want to relax during their excursions.

 

Yachters are sick of working. 

At least, that's what a recent trend in superyacht design may signify. Andreas Iseli, head of Winch Design yacht exteriors, told CNN that those who order custom superyachts don't want offices on-board anymore.

"It used to be satellite domes and offices so they could keep working and now we get the request more and more 'I don't want to work on my boat, I'm off for two weeks,' so that's probably the ultimate luxury for these people," Iseli said to CNN

A superyacht is like your typical, humdrum, run-of-the-mill yacht, except it's at least 78 feet long and may employ up to 50 people at a time to keep it running. There are at least 5,000 superyachts in the world, a number that the Warsash Maritime Academy says has been growing. 

What kind of person buys a superyacht? Someone who can afford the price tag, which may total in the tens of millions before the yearly upkeep bill, and someone who wants to really get away from it all when they go on vacation.

"A superyacht isn't a toy, but it's the ultimate place to go and be away from it all," Iseli said. "We have clients who literally go two weeks a year on their yacht and switch off."

That demand for relaxation extends beyond just getting rid of the once-typical superyacht office. Arthur Brouwer, the CEO of Heesen Yachts, also told CNN that some clients request that they don't hear the boat, so they try to reduce the sounds and vibrations as much as possible.

In lieu of home offices, superyacht owners are adding a slew of interesting features to their pleasure crafts. 

Microsoft co-founder Paul Allen's superyacht, dubbed the Octopus, has a pool, a basketball court, 41 suites, and a recording studio. The Sultan of Oman owns a 509-foot-long yacht that can host more than 60 guests and a concert hall with room for a 50-piece orchestra. 

SEE ALSO: I spent 3 years writing about yachts, and owning one takes way more money than you think

DON'T MISS: The world's most expensive superyachts come with helipads, movie theaters, and swimming pools — take a look

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Inside the ultra-luxurious Monaco hotel where celebrities, millionaires, and the yachting elite stay in rooms that cost up to $41,000 per night

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Millionaires, celebrities, and wealthy members of the yacht industry from around the world will soon descend upon the millionaire's playground of Monaco for the annual yacht show.

And when they come, there's a good chance they'll be staying at the ultra-luxurious Hotel Metropole Monte Carlo.

"The ultra-luxurious Hotel Metropole is always one of the spots that celebrities and other high-net-worth guests flock to so they can 'see and be seen,'" Bill Springer wrote in Forbes. "But it will be even more so during the upcoming Monaco Yacht Show."

The hotel's rooms start at about $2,070 and can go up to more than $41,000 a night for the most lavish suite, which includes a spacious private terrace and a bottle of Dom Pérignon Champagne. 

"Its warm Mediterranean spirit makes [Hotel Metropole] different from other hotels — it is nearer to being an independent house," the website reads. "The innovative and personalized services are a source of surprise and they charm its guests. It is a fashionable, elegant hotel."

Take a peek inside to see it for yourself.

SEE ALSO: Take a stroll around the glamorous port of Monaco

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The Hotel Metropole Monte-Carlo is located in the Carré d'Or Square, just a few steps from the famous Casino de Monte-Carlo.

Source: Hotel Metropole Monte-Carlo



The hotel first opened in 1886, built in the lavish "Belle Epoque" style.

Source: Hotel Metropole Monte-Carlo



Accommodations range from deluxe double rooms to lavish suites. For October 2018, rates for a deluxe double room started at $2,070 a night, while the suites started at $2,300.

Source: Hotel Metropole Monte-Carlo



See the rest of the story at Business Insider

Millennial superyacht owners are on the rise — and their preference for experiences over things may be turning yachting into a ride-sharing service

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  • Superyacht owners are expected to get younger by 10 to 15 years in the next 20 years, reveals research by shipyard Rossinavi and the International University of Monaco.
  • Millennial superyacht owners prefer experiences over material possessions, adventure and socializing over luxurious comfort, and chartering over ownership, according to the Monaco Yacht Show press packet.
  • Their different preferences may change yachting in terms of design and selling tactics.

Are millennials set to change the superyacht industry?

Of the top 100 billionaires worldwide, 20% are below age 50, and superyacht owners are 10 to 15 years younger than they were 20 years ago, reveals new research by shipyard Rossinavi conducted in partnership with the International University of Monaco. And they're expected to get even younger — within the next 20 years, the median age of superyacht owners will decrease from the 45 to 55 range to the 35 to 45 range.

But it's not just the age that's changing — it's also the mindset.

This new group of superyacht owners views yachting as "an occasional pastime rather than an enduring passion," according to the Monaco Yacht Show media packet. As self-made millennials still developing their business interests, they view a yacht as only one component of their fast-moving lifestyle.

Instead of mahogany and cigars, luxurious comfort and large cabins, millennial superyacht owners prioritize adventure, water sports, and exterior space. For them, it's all about having something new and surprising — life experiences take precedence over material possessions.

"They will still want the use of superyachts, but will be less interested in owning the asset," reads the MYS packet. "In fact, they may even see ownership as a restriction."

Johan Pizzardini, communications and media manager for the Monaco Yacht Show, told CNN that chartering is more appealing to millennials who don't want to be confined by superyacht ownership.

"They're more adventurous," he said. "New millennials say 'I want to charter a boat this week and next week I'd like to be somewhere else in the world so I'll have another boat.'"

As the MYS packet puts it: "They might spend a weekend on board in Sardinia, go back to work, and then join the boat the following weekend in Ibiza. It's a different concept from the traditional two-week cruise in the summer." 

Millennial superyacht owners are slowly changing yachting

"The way people consume superyachts has changed with the new clients that are entering yachting," Pizzardini told CNN.

This is evident in yacht design. Based on its research, Rossinavi is the first to unveil a new yacht design category — superyachts designed for millennials.

According to the MYS packet, formal dining rooms and salons will be less evident as yacht designers turn to gyms, spas, water sports, and spaces that enable open-air socializing to accommodate millennials' desires.

And those who custom order superyachts are no longer requesting offices onboard, Business Insider previously reported, citing CNN. Instead, they want to be able to relax during their yachting excursions.

With this upcoming wave of superyacht owners preferring to charter, yachting companies will likely have to shift their tactics in order to sell yachts to them. Such re-packaging will involve how they communicate and interact with prospective owners, such as making contact through social media for a more immediate, personal form of communication. 

"We are going to see a time when the traditional idea of yacht ownership starts to follow the same path as car-sharing services: more convenient than a traditional taxi, and a real alternative to owning a car,"  reads the MYS packet.

But it will be more of an evolution rather than a drastic change.

"According to the study, millennials are going to do things differently and the product will have to be re-packaged, but the yachts will not change that much and the ownership concept will not go away anytime soon," the MYS packet stated. "They will want their own product like the rest of us. Things change, but human nature stays the same."

SEE ALSO: The 12 largest superyachts at the 2018 Monaco Yacht Show, ranked

DON'T MISS: 28 photos show how the 1% live it up at the Monaco Yacht Show, from cruising in on helicopters to partying aboard multi-million dollar yachts

Join the conversation about this story »

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This $145 million superyacht just won a major award for its ultra-luxurious interior at the Monaco Yacht Show – here's a look inside

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illusion yacht

  • The Monaco Yacht Show is one of the major events in the yachting industry, where the world's top yachts are displayed and given awards based on their design and other factors.
  • This year's top interior design award went to the Illusion Plus, a 290-foot superyacht complete with gymnasium, 2 Jacuzzis, a helipad, a spa, and a beauty salon.
  • The yacht is for sale for $145 million and features ultra-efficient and quiet Rolls Royce engines. 

 

A $145 million ultra-luxurious superyacht won one of the yachting industry's top awards for interior design at the prestigious Monaco Yacht Show.

The Illusion Plus yacht by Pride Mega Yachts was awarded the interior design award to recognize the "beauty, comfort and functionality of the exceptional interior," according to the Monaco Yacht Show's official website.

"All winning superyachts were chosen by an eclectic jury of expert journalists in superyachting (journalists from UAE, UK, Germany, The Netherlands), which combines the different tastes of a worldwide environment," Johan Pizzardini, a representative for the Monaco Yacht Show, told Business Insider.

To be considered for the award, the yacht must have been delivered in 2018, be at least 40 meters, or about 131 feet long, and be exhibited by the ship builder at the Monaco Yacht Show.

At nearly 300 feet long, the Illusion Plus met all those requirements. Here's a look inside the ultra-luxurious superyacht.

SEE ALSO: Inside the ultra-luxurious Monaco hotel where celebrities, millionaires, and the yachting elite stay in rooms that cost up to $41,000 per night

DON'T MISS: The world's largest private yacht cost $600 million to build and has held the record for more than 5 years — but it might soon be dethroned

Built in 2018 by China company Pride Mega Yachts, the 290-foot superyacht cruises at an average speed of about 17 miles per hour.

Source: The Yacht Company



Amongst the onboard amenities are a gymnasium, two Jacuzzi pools, a helipad, a wellness spa, and a beauty salon.

Source: The Yacht Company,Boat International



The six-deck yacht, comprised of a steel hull and aluminium superstructure, has eight passenger rooms and two VIP rooms.

Source: The Yacht Company,Pride Mega Yachts



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What it's like living in Monaco, the glamorous city-state on the French Riviera that's home to a glitzy annual yacht show and where an estimated 1 in 3 people is a millionaire

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monaco restaurant

 

A few things come to mind when most people think of Monaco: gambling, yachts, and the ultra-wealthy.

Indeed, one study estimated that nearly one in three people who reside in Monaco is a millionaire. And one in every 56 residents has assets totaling at least $30 million, according to the study by wealth tracking firm Wealth-X.

Monaco is arguably a playground for the wealthy, partially thanks to its reputation as a tax haven. It also draws millionaires and celebrities from all over the world to its prestigious Monaco Yacht Show each year. Its famed Monte Carlo district is known for being the gambling spot of choice for the world's high rollers.

Here's a peek inside life in Monaco. 

SEE ALSO: This $145 million superyacht just won a major award for its ultra-luxurious interior at the Monaco Yacht Show – here's a look inside

Monaco is known for its yachts, gambling, and lavish wealth.



About 38,300 people live in the compact city-state.

Source: IMSEE Monaco Statistics



Locals enjoy mild weather year-round in Monaco, which has an average temperature of 75 degrees in July and 50 degrees in January.

Source: Holiday Weather



See the rest of the story at Business Insider

Russian billionaire Roman Abramovich owns the second-largest yacht in the world and a customized airplane with a 30-person banquet hall — see how else he spends his fortune of at least $11 billion

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roman abramovich

 

Russian billionaire Roman Abramovich, owner of the UK's Chelsea soccer team, is known for his mind-boggling collection of superyachts, luxury cars, private planes, and lavish homes around the world. 

The Wall Street Journal once nicknamed his global collection of extravagant possessions "The Roman Empire."

Once the richest man in Russia, Abramovich has amassed a vast personal fortune. The 51-year-old billionaire is the largest shareholder of Evraz, Russia's second-biggest steelmaker, and also owns stakes in the world's largest producer of refined nickel, according to Bloomberg.

In 2008, Abramovich's wealth peaked at $23.5 billion, Forbes reported. Today, estimates for his net worth vary greatly, from $11.6 billion to $14.1 billion.

Here's how Abramovich spends his billions.

SEE ALSO: 10 things people buy when they have more money than they'd ever need

DON'T MISS: Richard Branson is sitting on a $5 billion fortune but spent years cringing over displays of wealth — see how the eccentric billionaire likes to spend his money

Roman Abramovich is a Russian billionaire with an estimated net worth between $11.6 billion and $14.1 billion.

Source: Forbes, Bloomberg



Once the richest man in Russia, Abramovich's net worth peaked in 2008 at $23.5 billion.

Source: Forbes



The 51-year-old billionaire became a high-profile figure in Britain after he acquired Chelsea Football Club in 2003.

Source: Bloomberg



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The rich are richer than they've ever been — and it's reflected in the private help they hire for their families, from stewards for their yachts to separate nannies for each kid

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rich kids family

  • The needs of wealthy families have evolved drastically since the 1960s because "there's never been wealth like there is now," according to Seth Norman Greenberg, vice president of domestic staffing firm Pavillion Agency.
  • In the 1960s, wealthy families had one or maybe two homes, and now they tend to have four or five, Greenberg told Business Insider.
  • Certain domestic positions including chambermaids, lady's maids, and butlers have become obsolete, while others such as personal assistants and estate managers have grown in popularity, he said.
  • More and more people are looking to hire stewards for their yachts and private planes.

 

Wealthy families have always hired staff to run their households, but the types of staff they require have shifted and evolved over the years. 

Business Insider spoke to Seth Norman Greenberg, vice president of domestic staffing firm Pavillion Agency, which matches wealthy families to household staff including nannies, housekeepers, private chefs, personal assistants, baby nurses, and more.

His uncle started the company in 1962, and since then, the needs of wealthy families when it comes to household staff have changed dramatically, Greenberg says. 

"There's never been wealth like there is now," he told Business Insider. "Leading up to the 60s, maybe even the 70s, most wealthy families had a primary property. They possibly had a second home. But now, I'm seeing families that have four, five homes, a yacht, a plane. I mean, the wealth is growing and people are living a life not tied to one property as in years past."

mansion

To keep all these properties running smoothly, these families need an estate manager at each one.

Estate managers do "whatever needs to get done, hiring staff, firing staff, scheduling staff, ensuring staff gets paid, any vendors, any service providers... [they] ensure that everyone is doing their jobs," Greenberg said. 

Another position that's emerged since the 60s is the personal assistant, who helps run the home and staff, Greenberg said. Some of the personal assistant's responsibilities could overlap with those of an estate manager.

And these days, families are looking for college-educated nannies — and not necessarily just one of them.

"Most of the nannies that we're meeting here have some form of education post-high school," Greenberg said. "Some of them have master's degrees. And what I'm seeing is, if families have children, they're hiring three separate nannies for each child." 

On top of that, more and more people are requesting stewards and stewardesses for their yachts and private planes, he said. 

Other positions, some of which might call to mind the British period TV drama "Downton Abbey," set in the early 20th century, have fallen out of fashion over the years.

"A chambermaid, parlor maid, lady's maid — those have gone away, in a sense, from their literal definitions," Greenberg said.

downton abbey mary anna

A lady's maid had many different duties in the past, Greenberg explained.

"A lady's maid was in charge of being the gatekeeper with the lady of the house, always ensuring that the lady of the house is looking her best, is feeling her best, and is representing her best," he said. "That involves her ensuring that the silver in the family is taken care of well, the china is taken care of well, that the Mrs.' clothes are taken care of well."

The lady's maid may have also paid some of the tradesmen and kept track of items they'd sent out to the laundry.

"A lot of those things evolved into a laundress now, or a personal assistant who would handle a lot of those things," Greenberg said.

Other positions that have fallen out of fashion include the valet, the gentlemen's equivalent of a lady's maid, Greenberg said. A kitchen helper, typically a position where someone plucked the chickens, peeled the potatoes, and generally assisted the chef, has turned into a sous-chef.

baby and mother

And wet nurses, who traditionally breastfed someone else's child, are "pretty much obsolete," Greenberg said. But more and more families are hiring baby nurses and paying them up to $800 a day to care for their newborns and teach them to sleep through the night. 

SEE ALSO: The 25 richest American families, ranked

DON'T MISS: Rich families are paying baby nurses up to $800 a day to work 22-hour shifts and teach their babies to sleep through the night

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Take a look at 11 of the most luxurious yachts coming to the biggest boat show in the US

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  • The Fort Lauderdale International Boat Show will be held this year from October 31 to November 4. 
  • Described as "one of the top events in the yachting industry" by Yacht Charter Weekly, The Fort Lauderdale International Boat Show, or FLIBS, has been an industry staple for 59 years that attracts an international audience from over 52 countries. 
  • According to Informa Exhibitions, the producer of the show, visitors have access to observe and purchase an estimated $4 billion worth of Boat Show products ranging from superyachts to jet skis. 
  • "The show’s annual economic impact has been compared to that of a Super Bowl while attracting guests and exhibitors from around the world," Lana Bernstein, vice president of marketing for Informa U.S. Boat Shows, told Business Insider in a statement. 

The Fort Lauderdale International Boat Show will be held this year from October 31 to November 4. 

Described as "one of the top events in the yachting industry" by Yacht Charter Weekly, the Fort Lauderdale International Boat Show, or FLIBS, has been an industry staple for 59 years that attracts an international audience from over 52 countries. 

According to the show's official website, there will be an expected 1,500 boats on display, 1,200 exhibitors, 110,000 thousand visitors, and six miles of floating docks of exhibition space spread across seven different waterfront locales. 

According to information provided to Business Insider by Informa Exhibitions, the producer of the show, the event provides the state of Florida $857 million in economic benefits. According to Informa, with over three million square feet of space to explore, visitors have access to observe and purchase an estimated $4 billion worth of Boat Show products ranging from superyachts, sport fishing boats, kayaks, jet skis, marine products, and other boating accessories. 

"The Fort Lauderdale International Boat Show is regarded by many as the most important event on the annual, global boat show calendar because it delivers a unique experience to both consumers and the marine industry," said Lana Bernstein, vice president of marketing for Informa U.S. Boat Shows, the producer of FLIBS, in a statement to Business Insider. "The show’s annual economic impact has been compared to that of a Super Bowl while attracting guests and exhibitors from around the world."

One day tickets for adults are $33, while teenager tickets are $15 and children under age-6 get to attend for free. 

Take a look below at the 11 largest yachts that will be featured at the 2018 Fort Lauderdale International Boat Show. 

SEE ALSO: Take a look at 15 stunning superyachts at the 2018 Monaco Yacht Show

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1. Areti — 278 feet in length. €175 million asking price.

Source: Fraser Yachts and Fort Lauderdale International Boat Show 



Areti, which dubs itself as "the finest super yacht on the market today," includes a helipad, sports room, beach club, and elevator, and accommodates 18 guests.

Source: Fraser Yachts and Fort Lauderdale International Boat Show 



2. Elandess — 242 feet in length. Estimated worth €75 million.

Source: Fort Lauderdale International Boat Show 



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