jeff bezos yacht worth

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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.

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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.

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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.

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This article originally appeared on GOBankingRates.com : An Inside Look at Jeff Bezos’ $500 Million Superyacht and What It Costs To Keep It Afloat

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Jeff Bezos Has Reportedly Received the 417-Foot ‘Koru,’ the Tallest Sailing Yacht in the World

The $485 million vessel left for its maiden voyage last thursday., rachel cormack.

Digital Editor

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Amazon founder Jeff Bezos just received a toy way too big for a brown cardboard box.

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The yacht has also been at the center of massive, worldwide controversy. Back in February 2022, Oceanco requested that a centuries-old bridge in the port city of Rotterdam be partially dismantled in order to get the behemoth out and onto the high seas. The masts, which are the same height as the Great Pyramid of Giza, simply exceeded the bridge’s 131-foot clearance and thus prevented Koru from passing under. Rotterdammers were none too pleased and threatened to pelt the yacht with rotten eggs . The request was subsequently denied, and the yacht was instead discreetly towed through Rotterdam without its mast.

The designers behind the yacht’s interior and exterior are yet to be named, but it’s clear that she’s a timeless and elegant cruiser. Koru , which is a Māori for “new beginnings,” features a sleek black hull and white superstructure. She also sports a large pool on the aft deck and a number of plush alfresco lounges.

The epic design isn’t able to accommodate a helicopter, however, as the soaring masts make it too unsafe to land. As a result, Bezos commissioned a second yacht to hold his toys and tenders. Christened Wingman, the custom 246-footer is Damen’s largest support vessel to date. It’s a good match for monumental Koru , then.

Rachel Cormack is a digital editor at Robb Report. She cut her teeth writing for HuffPost, Concrete Playground, and several other online publications in Australia, before moving to New York at the…

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Jeff Bezos' yacht reportedly cost $500 million and is the largest sailing yacht in the world. Here's what we know.

• Jeff Bezos ' new $500 million megayacht Koru set sail this summer.
• At 417 feet long, it's the world's largest sailing yacht and even boasts a sculpture resembling his fiancée, Lauren Sanchez.
• Here's everything we know about Bezos' yacht.

Jeff Bezos' new megayacht set sail this summer, with the founder and former Amazon CEO and his fiancée Lauren Sanchez crisscrossing Europe to show it off.

At 417 feet long, the vessel is the world's largest sailing yacht and cost an estimated $500 million. The yacht is named Koru , which means "loop" or "coil" in the Māori language and often signifies new beginnings.

Koru joins a large class of flashy billionaires' yachts , including the 305-foot-long Eos, which belongs to billionaire Barry Diller and fashion designer Diane von Furstenberg.

Oracle cofounder Larry Ellison owns a yacht called Musashi, which is 288 feet long.

Bezos commissioned the enormous boat from the Dutch custom yacht builder Oceanco, and it took years to construct.

In February, the yacht underwent its first sea trials, a series of tests usually conducted in the last phases of construction. Koru made its maiden voyage in April, traveling from the Netherlands to Gibraltar.

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The vessel has a pool on deck, and the prow features a mermaid sculpture that bears a striking resemblance to Bezos' then-girlfriend Sanchez. A second "support yacht," which has an on-deck helipad, accompanies Koru on its travels.

Sanchez has said the sculpture affixed to Bezos' yacht isn't her. "I'm very flattered, but it's not," she told Vogue. The sculpture is apparently of the Norse goddess Freyja, one of Bezos' favorite figures from mythology.

Bezos and Sanchez were first seen aboard the yacht along the coast of Spain in May, shortly before news broke that the couple had gotten engaged. The couple spent the rest of the summer on board traveling to various destinations, stopping at the Cannes Film Festival, sailing down the Italian Riviera, and making their way to Croatia.

In August, the yacht played host to an engagement party for Bezos and Sanchez , which reportedly drew guests including Bill Gates, Whitney Wolfe Herd, Ari Emanuel, and Leonardo DiCaprio.

While yacht season was apparently enjoyable for the couple, it was only after the vessel stirred up quite a bit of controversy: Koru's masts were so tall that the yacht nearly required the dismantling of a historic bridge in the Netherlands in order for it to pass through.

Locals planned to egg Bezos' superyacht if the bridge came down. Following the public outcry, Oceanco withdrew its request for the city to take apart the bridge.

And despite this massive purchase, Bezos' net worth is still well over $100 billion.

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Jeff Bezos and the secretive world of superyachts

News that Jeff Bezos has bought a "superyacht" has revived interest in the secretive world of the uber-rich globetrotters who enjoy these ultimate status symbols. Experts say the superyacht industry has been booming for years, even during the global economic slowdown caused by the pandemic.

Jeff Bezos, the founder of Amazon and the world's richest man, has seen his personal wealth roughly double since 2017, helped by his wallet ballooning last year as more people than ever turned to online shopping.

It's not just Bezos. Many of the world's wealthiest have seen their fortunes accumulate in recent years.

And through it all, shipyards have continued turning out mega yachts that experts say are growing larger as they gain in popularity. According to experts and brokers, 2020 saw more yachts sold than ever before, with 2021 set to again break sales records.

What do we know about Bezos' yacht?

The 417ft (127m) vessel is being built in the Netherlands by Oceanco, according to a new biography of Bezos by Bloomberg News.

It is estimated to cost about $500m (£350m), a drop in the ocean for the world's richest man, whose wealth at one point jumped $13bn in a single day in 2020. His estimated net worth now stands at nearly $200bn.

That price tag does not include a smaller motorised "support yacht" that Bezos also plans to buy. The smaller yacht features a helicopter landing pad - Bezos' girlfriend, TV host Lauren Sanchez, is a trained helicopter pilot.

The main yacht is unable to support its own helipad due to the three sailing masts on its deck.

The smaller yacht is also expected to be loaded with other goodies, such as cars, luxury speedboats , and probably even a submarine, experts say.

The highly secretive superyacht project, known as Y721, is due to be completed sometime next month, according to Bloomberg. It's likely that Bezos' order was placed several years ago, since custom-made ships like this can take around five years to build.

Oceanco, the Dutch yacht maker, has not commented on the project. They previously built the 350ft Black Pearl, the second largest sailing yacht in the world.

What is a superyacht?

There's no official definition of a superyacht (versus a regular yacht), but in the industry the term generally refers to a yacht that is over 74ft long.

Some dispute that definition, saying the term superyachts applies to ships over 200ft long. Some brokers have even taken to the term "gigayacht" to refer to ships longer than 300ft.

"It's all a little bit of marketing," says Bill Springer, who writes about the yachting industry for Forbes magazine.

Bezos' yacht, coming in at over 400ft, is almost as big as the Great Pyramid of Giza (if the vessel was laid out vertically). It's just under half as long as the Eiffel Tower.

Only a few jumbo superyachts like the Bezos vessel are completed each year, but high-profile projects are often done with such secrecy that builders are required to sign non-disclosure agreements.

Therefore it's unlikely that we'll ever know if Bezos copied the decorative flairs of Russian oligarch and fellow yachtsman Andrey Melnichenko, who lined a spiral staircase on one of his yachts with scalloped, silver-leaf walls .

How is the yacht industry doing?

The industry has been growing rapidly over the past 20 years.

According to the US National Marine Manufacturers Association, boat sales reached a 13-year high in 2020, reflecting how people were turning to the water for safe, socially distanced activities during lockdowns.

"The market's been absolutely roaring," says Sam Tucker, head of superyacht research at market intelligence firm VesselsValue. "There's been a record number of transactions done, and that trend is being sustained even until now."

The market for used yachts has also "just been nuts", he says. "The market is just red hot."

According to Tucker, there are 9,357 yachts over 65ft long that are currently on the seas - meaning those that have not sunk or that are being maintained on land.

About 85% of those are motorised and 15% are sailing yachts like the one Bezos has ordered.

Fewer yachts were chartered in 2020, Tucker says, which he attributes to pandemic travel restrictions preventing normal tourism activities.

Sales dropped for a few weeks as lockdown orders hit the US last year, but then immediately skyrocketed.

In June "it was like someone flipped a switch" as orders started rapidly coming in, says Bob Denison, who's been a yacht broker in Fort Lauderdale, Florida, since 2001.

"There's been nothing like it before," he says. "The amount of demand is two or threefold more than I've ever seen."

Denison's company sold 1,008 vessels in 2020 - a 35% uptake from the previous year. He is currently on track to see another 30% increase in 2021.

About 65 of those he sold in 2020 were superyachts. So far this year about 40 superyachts have been sold, meaning about 2.2 superyachts have been sold by his company per week since January.

Demand has totally outstripped supply, says his colleague Ben Farnborough, who adds that it's getting much harder now to find used boats for them to sell.

Farnborough hopes that the easing of coronavirus travel restrictions will soon make it possible to travel to Europe to source more second-hand yachts to sell in the US.

Who buys a superyacht?

The vessels are often bought by corporations and are then rented out by the company's owner, making it difficult to say for certain which yachts are owned by whom.

At famous ship-building ports, such as the one in the Netherlands where Oceanco is located, hobbyists will try to spot private airplane tail numbers in an effort to determine which billionaires have come to visit their future yacht.

Privacy is the whole point of owning a yacht, says Tucker, who calls it an "opaque industry". Mark Zuckerberg and Bill Gates, fellow tech billionaires, are rumoured to have yachts.

"These are very private assets and one of the reasons they're bought is for privacy," says Tucker. The privacy also offers security protections, not an insignificant consideration for the richest people in the world.

But despite the booming popularity, the ultra-rich may want to keep their newest toys extra private these days.

After Hollywood billionaire David Geffen posted online about being "isolated" on his yacht in a tropical paradise and hoping everyone else was "staying safe" during the pandemic, he was swiftly trolled by land-dwellers.

"Did David Geffen just give everyone the middle finger?" one Instagram user posted in reaction to Geffen's not-so-humble brag.

Why are they so expensive?

Yachts offer "true exclusivity," says Springer, who likens them to owning a private island or building a personalised city from scratch.

"Back in the Renaissance, rich patrons would pay - in current money - millions of dollars to build cathedrals," he says.

"And they were the most beautiful and they had the finest artisans, and they were the most spectacular projects of their day. And it was a lot of 'Hey I'm really rich and I'm gonna do this really amazing stuff with my money'."

"So superyachts are very similar in that regard."

They're getting more comfortable too, and are going to places beyond the "classic glamour ports" like Monaco, Springer says. People are now taking them to more exotic and far-flung locations, such as Antarctica and Papua New Guinea, as owners find that they are more than just status symbols.

The finest superyachts are custom-made, with the global craftsmen addressing every single detail for the tastes of the world's most rich and elite.

They can take years to build. A yacht as big as Bezos' probably involved about 400 workers and designers, estimates Farnborough. When completed, it will probably need about 60 people to crew it.

Annual operating costs amount to about 10% of the purchase price, says Tucker from VesselsValue. High oil prices and the potential for further lockdowns could lead to more used yachts hitting the market over the coming years, he estimates.

What else costs as much as a superyacht?

Bezos bought the Washington Post newspaper in 2013 for just $250m - so about half the cost of his new superyacht.

A painting by artist Jean-Michel Basquiat is currently on auction in New York for a low estimate of $145m. There's also a Claude Monet painting going for about $350m.

Virgin Galactic has been pre-selling tickets into space for between $200,000 to $250,000 in recent years as they prepare for their first commercial launch.

But if you're Jeff Bezos, there's no need to book a ticket. Bezos, who is behind the space venture Blue Origin, could fly on his own rocket ship.

Training to work on a superyacht

Yours for hire: a life of luxury, the yacht with its own bar and lift, luxury yacht sales boom in china, 'fatigued' yacht crew in helicopter rescue.

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$500m price tag and bronze statue similar to his girlfriend: What we know about Jeff Bezos’s wild superyacht

‘koru’ superyacht comes complete with figurehead that looks similar to amazon founder’s girlfriend. meredith clark writes.

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Jeff Bezos and his girlfriend Lauren Sanchez have been spotted relaxing on the Amazon founder’s new superyacht, which is reportedly worth almost $500m.

The 59-year-old billionaire was photographed aboard the 417-foot-long vessel as it set sail along the coast of Spain on Monday, 15 May.

The couple’s maiden voyage comes nearly five years after the vessel was first commissioned in 2018 for half a billion dollars. The yacht – named the Koru after the Maori word for “new beginnings” – comes complete with three decks and a pool.

In photos obtained by the Daily Mail , Bezos was seen shirtless on the megayacht’s sundeck, while Sanchez was dressed in a pink bikini and white cover-up as the pair enjoyed the sunshine.

Bezos reportedly arrived to his yacht via helicopter, making use of the vessel’s helipad, after being flown to Mallorca on a private jet.

The 250-foot tall boat even came equipped with a figurehead that bore a striking resemblance to Bezo’s 53-year-old girlfriend. The polished wooden sculpture, which sits at the prow of the yacht, depicts a woman carved in the style of a Roman goddess, complete with long hair and a flowing gown.

Koru, previously known as Y721, is the tallest sailing yacht in the world with three masts measuring more than 230 feet, according to Boat International . It reportedly cost Bezos $485m.

The boat’s exterior has a classic design of a black hull with a white superstructure. Although the brand-new vessel doesn’t come with a helipad, the Amazon founder reportedly purchased a support yacht, worth $75m specifically to land his helicopter.

The Koru was constructed by Dutch yacht maker Oceano near Rotterdam in the Netherlands. It caused quite a scandal in February 2022 when the vessel nearly required the historic Koningshaven Bridge to be dismantled because its masts were too tall to pass under the bridge.

Indeed, the vessel is officially the tallest yacht in the world, standing at more than 230ft (70m), and is the length of four blue whales at 416ft (127m) - one of just four yachst in the world to boast a length of greater than 100m.

When Oceanco requested the city of Rotterdam dismantle the 100-year-old bridge – known to locals as “De Hef” – outraged citizens planned to throw rotten eggs at the superyacht. The yacht maker rescinded its request and ultimately hauled the 417-foot vessel to a separate shipyard to install the masts.

The clever design of the three masts, which see the yacht powered by kinetic energy, mean Bezos does not need an entire crew to staff the vessel - instead the Koru can be manned by one person (although no doubt the billionaire will have staff on hand for more of his voyages).

Guests visiting Bezos aboard his new superyacht are able to arrive via helicopter thanks to the vessel’s helipad, while other transport on board includes a fleet of cars, jetskis and smaller speedboats.

The yacht reportedly costs $25m a year to maintain, according to Page Six , but Bezos has more than enough money to cover the maintenance – his net worth is an estimated $141bn.

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