Billionaires will continue to buy superyachts

May 28, 2020

The stressful time of super-yacht designers is the end of summer. Not because they fear that their superyacht investor might be disappointed with the first outing in the Mediterranean.

 

Investors want a boat that they will live and even work with

 

Superyacht investment and more

 

It is true to say that this nervous time at the end of the summer is a good example of deals involving the world’s most expensive consumer products. The cost of a ship ranges from 5 million to 500 million dollars. In addition, annual operating costs are about 10%. In fact, many rich people are willing to spend tens or hundreds of millions of dollars on a yacht. 

Alan Bond, an Australian billionaire, was jailed for fraud. He used to be a customer of Bannenberg. And Saudi arms dealer Adnan Khashoggi commissioned a 280-foot-long ship called Nabila. Donald Trump bought that and renamed it Trump Princess in 1987 for $30 million.

Tax cuts by USA president – Donal Trump – have boosted investment in superyachts. In particular, despite of the recent decline in super car and real estate sales, amid concerns about a wider economic downturn.

As a result of research by the Superyacht Group, after peaking in 2008 and then declining after the financial crisis, the production of luxury yachts has stabilized in recent years. On average, the industry is stable with an annual output of nearly 150 new ships.

While the US remains the most potential market, US private yacht production has shrunk. At the present, the Italians make the most vessels, and the Dutch and German builders dominate the market. The most striking change is a shift in what the boats are actually for. In fact, the new generation of owners wanted to do more than show while docked off Sardinia.

Overall, nowadays investors want a boat that they will live and even work with and use for more than two weeks a year.

RELATED ARTICLES
September 09, 2019
Investing advice for millennials

Investing advice for millennials

You must be logged in to view this content. Subscribe now!  

November 09, 2019
The importance of saving money for the future

The importance of saving money for the future

Besides making money, saving money is also the necessary thing everyone should do because of so many reasons. The unexpected risks will come at any time you’re not wary. Therefore, that you have saving money will never be redundant...

June 02, 2020
To be successful, do like what successful people do

To be successful, do like what successful people do

People often say that if you want to be rich, do as the rich do. You should think the way they think and do what they do. So what are daily success habits you can develop? ———————————————- One of...

September 08, 2019
Top marketing trends in the beauty industry

Top marketing trends in the beauty industry

You must be logged in to view this content. Subscribe now!  

February 10, 2020
Psychology Of High Achievers – Top 8 Things You Should Know

Psychology Of High Achievers – Top 8 Things You Should Know

Do you want to know how do high achievers really think? They are often unsurprisingly by strong motives to achieve. Less accomplished people are often motivated to reduce the risks of failure. Now, you should spend time reading this...