Portofino-Harbour-Berth

The Real Cost of Celebrity Mega Yachts

Share this

Share on facebook
Share on twitter
Share on linkedin

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:

Kimberly Varney

The Boys Are Back in Town

Vince, E, Turtle, and Johnny Drama partied for the cameras in Miami earlier this year during an Entourage shoot aboard the megayacht Usher in Miami.

Kimberly Varney

Miami Yacht and Brokerage Show 2015

The Miami Beach Yacht and Brokerage show was a fantastic introduction to world of luxury yachting. For one who manages land and property, it