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The Real Cost of Celebrity Mega Yachts

Posted by CEMN Concierge on September 2, 2016
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Turn the key of a 71-meter-plus yacht and 10 minutes later you will have spent $540 on fuel, according to research by yachting Web site Superyachts.com . Cruise to Porto Cervo in Sardinia in your 50-meter boat, and a berth in the marina will cost you over €2,500 a day, according to Swiss yacht management company Floating Life.

Owning a super yacht is obviously an expensive hobby. Super-yacht prices range from around $3.5 million for a 30-meter boat to more than $135 million for a 71-meter-plus mega yacht. But few people realize how the running costs can mount up.

Operating a yacht costs approximately 10% of the initial value of the boat every year, according to Tork Buckley, the Côte d’Azur-based editor of The Yacht Report. But this does not take into account unanticipated expenses, breakdown, berthing and accessories, which can easily raise costs by another 10%.

We found this handy infographic at Towergate that breaks it down:

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