Article 647ZW World’s richest celebrate end of summer at €4bn Monaco yacht show

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".

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/world/rss
Feed Title World news | The Guardian
Feed Link https://www.theguardian.com/world
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments