World’s richest celebrate end of summer at €4bn Monaco yacht show
by Rupert Neate Wealth correspondent in Monaco from World news | The Guardian on (#647ZW)
Number of billionaires interested in superyachts said to have grown despite Russia sanctions and global economic crisis
Change the TV channels now," the captain of a $95m (85m) Albatross superyacht calls out to a deckhand. That guy has probably lost two mil in the last two minutes and we're trying to convince him to drop 95."
That guy" is a prospective buyer of the 72-metre long vessel floating in Monaco's Port Hercules where the world's richest people (and their entourages) have gathered this week for the annual yacht show. With more than 4bn (3.5bn) worth of marine luxury on display, it is as brokerage firm Burgess puts it: The chicest way for billionaires to celebrate the end of summer".
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