For billionaires, vacation homes float on the sea. It costs hundreds of millions to own a superyacht — not counting annual costs to run it.
Some superyacht owners consider their yacht their fifth or sixth vacation home, Heesen Yachts' CEO told The New York Times. Heesen's yachts sell anywhere from $39 million to over $112 million. But the purchase price is just the first cost of superyacht ownership — owners also pay millions for maintenance, fuel, dockage, and yacht crew. Visit Business Insider's homepage for more stories.
Some superyacht owners consider their yacht their fifth or sixth vacation home, Heesen Yachts' CEO told The New York Times. Heesen's yachts sell anywhere from $39 million to over $112 million. But the purchase price is just the first cost of superyacht ownership — owners also pay millions for maintenance, fuel, dockage, and yacht crew. Visit Business Insider's homepage for more stories.
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