- Today's news
- Reviews and deals
- Climate change
- 2024 election
- Newsletters
- Fall allergies
- Health news
- Mental health
- Sexual health
- Family health
- So mini ways
- Unapologetically
- Buying guides
Entertainment
- How to Watch
- My Portfolio
- Latest News
- Stock Market
- The Morning Brief
- Biden Economy
- Stocks: Most Actives
- Stocks: Gainers
- Stocks: Losers
- Trending Tickers
- World Indices
- US Treasury Bonds Rates
- Top Mutual Funds
- Options: Highest Open Interest
- Options: Highest Implied Volatility
- Basic Materials
- Communication Services
- Consumer Cyclical
- Consumer Defensive
- Financial Services
- Industrials
- Real Estate
- Screeners Beta
- Stock Comparison
- Advanced Chart
- Currency Converter
- Credit Cards
- Balance Transfer Cards
- Cash-back Cards
- Rewards Cards
- Travel Cards
- Credit Card Offers
- Best Free Checking
- Student Loans
- Personal Loans
- Car insurance
- Mortgage Refinancing
- Mortgage Calculator
- Editor's Picks
- Investing Insights
- Trending Stocks
- Morning Brief
- Opening Bid
- Fantasy football
- Pro Pick 'Em
- College Pick 'Em
- Fantasy baseball
- Fantasy hockey
- Fantasy basketball
- Download the app
- Daily fantasy
- Scores and schedules
- GameChannel
- World Baseball Classic
- Premier League
- CONCACAF League
- Champions League
- Motorsports
- Horse racing
New on Yahoo
- Privacy Dashboard
Yahoo Finance
An Inside Look at Jeff Bezos’ $500 Million Superyacht and What It Costs To Keep It Afloat
Cliché but true, the second-richest man on the planet, according to Forbes , owns the tallest sailing yacht in the world . In fact, the 417-foot Koru is so big, it has its own 250-foot support vessel .
Priced at $500 million, the Koru hit the sea for the first time in 2023 and has since ferried Jeff Bezos and company around the globe. Complete with three massive 229-foot masts, it can reach a top speed under sail of 20 knots, according to the New York Post — which is approximately 23 miles per hour.
Made for a group, up to 18 guests can set sail on the yacht, allowing Bezos to bring family and friends on vacation with him. Here’s a look at the Koru’s extravagant features and how much it costs to operate his floating mansion.
Also take a look at Bezos’ mansion collection.
See More: Robert Kiyosaki: 7 Ways To Become Wealthy Beyond the 9-to-5
Read Next: 4 Genius Things All Wealthy People Do With Their Money
Wealthy people know the best money secrets. Learn how to copy them .
Key Features
As expected Bezos’ yacht is dripping with luxury. With a net worth of $203.8 billion — as of May 4, 2024, according to Forbes — he can afford to outfit the Koru with nothing but the best and he did just that.
The superyacht has three outdoor decks, with two containing swimming pools, according to the New York Post. It also features a cinema, several lounges and multiple business areas, according to Luxuo .
Highly personalized, the yacht is complete with a figurehead modeled after Bezos’ fiancée Lauren Sanchez. Even its masts are luxurious, as the Amazon founder chose in-boom furlers, which keep the canvases at the bottom of the mast above the deck, creating a pristine and spacious rope-free deck.
For You: Make Yourself Money Smart: 20 ChatGPT Prompts To Increase Your Wealth
Support Vessel
One of the most shocking features of the Koru is the fact that it requires its own support vessel. The $75 million Abeona features a helipad that Sanchez has been spotted using to park her personal helicopter, according to the New York Post.
Designed to carry extra gear, four jet skis, two fast launches and a dinghy were spotted on the Abeona during a 2023 trip to Mallorca, Spain, according to the New York Post. It’s also capable of lifting a small submarine, but Bezos isn’t believed to own one — at least not yet.
Additionally, the support ship has two extra staterooms, which can accommodate four guests. This could come in handy if Bezos wants to entertain a larger group than can fit on the Koru.
On-Board Crew
It probably isn’t a surprise that operating both the Koru and the Abeona is no small task. From staff to drive the boats and maintain them to caring for guests onboard, Bezos needs a small army at sea.
The Koru has a crew of up to 36 people, according to The New York Post. If you think that’s a lot, the Abeona requires up to 45 crew and support staff.
Annual Operating Costs
Purchasing the Koru and Abeona cost Bezos more than half a billion dollars, but his expenses didn’t end there. As you might imagine, the annual cost to maintain a superyacht and its own enormous supporting yacht is more than most people earn in a lifetime.
The Koru costs approximately $25 million in operating expenses per year, according to the Daily Mail . Much less, but still sky-high, Bezos spends around $5 to $10 million on annual maintenance costs for the Abeona, according to Super Yacht Fan ).
When their owners are on dry land, yachts have to find a parking space. However, even this doesn’t always come cheap for Bezos and the Koru.
In November 2023, the billionaire’s yacht arrived in Fort Lauderdale, Florida, but was too big to fit in the port with all the outer superyachts, according to the Daily Mail. Therefore, it had to be docked with cruise ships at Port Everglades, at a rate of $16,500 per week.
While one week of storage might be more than the average person can afford, picking up the tab for any number of weeks would clearly be no issue for Bezos. While his superyacht and the many expenses surrounding it are clearly astronomical, he’s still living well within his budget.
More From GOBankingRates
I Have Driven Over 250 Car Models: These Are the 3 Best and Worst for Your Money
7 Bulk Items You Need To Buy From Sam's Club This Summer
3 Things to Do This Week If You Have Debt
3 Things You Must Do When Your Savings Reach $50,000
This article originally appeared on GOBankingRates.com : An Inside Look at Jeff Bezos’ $500 Million Superyacht and What It Costs To Keep It Afloat
Recommended Stories
Weʼre unable to load stories right now.