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The world’s richest people celebrate the end of summer at the €4 billion Monaco Yacht Show.Monaco

“C$95 million (£85 million) captain Albatross Super Yacht Call the deckhand. “That guy probably lost his $2 million in his last two minutes, so we’re trying to convince him to drop his $95.”

“That Man” is the future purchaser of the 72-meter-long ship that floats in Monaco’s Hercules Harbor, where the world’s richest people (and their entourage) gather this week. annual yacht showMore than €4 billion (£3.5 billion) of maritime luxury goods are on display and, as brokerage Burgess puts it, “the chicest way for billionaires to celebrate the end of summer.”

Albatross TVs (with a dozen or so) are broadcasting another day of economic turmoil live on business channel CNBC as the US market plunges 2%.

That brief glance before the screen rushes off is the only indication of economic troubles affecting the outside world in this millionaire’s playground. and its conspicuous consumption, which has kept European shipyards very busy in recent years, hasn’t spoiled the party. Or enjoy a complimentary Whispering Angel rosé (If you buy a ticket, it costs €500 per ticket).

“Of course the industry will be affected [by the global economic crisis]says Francesca Webster, editor-in-chief of trade trade publication Superyacht Times. “But the number of billionaires grown in the last two years Implying that the rebalancing took place despite the loss of Russian customers. Some shipyards have suggested that the number of important future customers, or billionaires, will grow from about 25 to 30, most of them American or Asian. ”

Albatross is huge. The main suite spans his 13-metre width (width) of the yacht, with a dressing room and his two large bathrooms (one with silver mosaics and floral designs, the other his contains a golden cloud). There are also 5 large bedroom suite cabins, several large salons, a fully equipped gym, 8 person Jacuzzi and a ‘touch and go’ helipad all connected by a glass elevator.

owner, majid al-huttaimThe Emirates billionaire, who owns dozens of shopping malls and hotels in the Middle East, is selling his just six-year-old Albatross as he takes delivery of a new superyacht (at least his third). A new vessel also joins the show and is moored 100 meters away.

However, it is far from the maximum. That title goes to Ahpo, which is 115.1 meters long and is moored on the other side of the harbor. Unfortunately the Guardian is not welcome as it “doesn’t look like a charter”.

A fair cop. With 8 bedroom suites plus gym, swimming pool, spa, sauna, hammam, beauty his room, piano he bar and dance floor, his Ahpo charter costs a minimum of €2.5 million per week .

That’s millionaire favorite spots like Portofino, the Amalfi Coast and Cagliari, and for a yacht as big as Apo, before the ‘expenses’, which include fuel, food, drinks, dock and mooring fees. in Sardinia.

Crew members also expect a tip of around €1,500 to €2,500 a week, according to several captains who spoke on condition of anonymity. On Ahpo she has a crew of 36 people.

Although expensive, Moran’s broker, who arranges charters, said the yacht will be rented for six weeks this summer and that “bookings for next year are going fast.”

Luna B captain Tristan Hooper says the 66-meter yacht, which can be chartered for a more reasonable €500,000 per week, was rented for 12 weeks by a wide range of people last year. “We have all kinds of guests, from A-listers to Middle Eastern royalty,” he says of the $60 million ship. “We’re blessed with tall people because we have high ceilings.” (Yes, the NBA basketball player has chartered a boat, but he refuses to name it.)

When asked about tips, Hooper says a €2,000 tip is “pretty standard.” “I hear more than that,” he says. “But with other charters, you can work hard all week and walk away with nothing.”

Billionaire Jamaican Canadian investor Michael Lee Chin Upgraded to Apo (phonetic pronunciation of Chinese pictogram meaning Grand Lady) after selling Quattroel for $130 million to Sheikh Hamdan bin Mohammed Al Maktoum, Crown Prince of Dubai .

Both were built by Lürssen Yachts in Germany. Lürssen Yachts also created Dilbar, the world’s largest superyacht by volume.it is one of multiple Sanctions on dozens of superyachts seized from oligarchs following Russian invasion of Ukraine.

Dilbar, reportedly costing $600 million and owned by a family of licensed metal tycoons Alisher Usmanovwas seized by authorities in Hamburg in April.

Germany said it had detained a yacht apparently named after Usmanov’s mother. Usmanov denied this.

German police investigating money laundering accusations this week searched the yacht. Prosecutors, who did not name 69-year-old Usmanov, said they were investigating allegations of money laundering and tax evasion involving the 69-year-old Russian businessman. A spokesman for Usmanov said the police and prosecutor’s investigation was “an example of blatant lawlessness disguised as sanctions laws.”

boat builders and brokers Monaco The impact of Russian sanctions on the superyacht industry is reluctant to talk about, especially in the most expensive industry, even though oligarchs make up a sizeable portion of the market.

Former Chelsea FC owner Roman Abramovich bought seven and still owns three, including the 162.5m Eclipse, which was the world’s largest when he bought it in 1998. Safeguarded boats in Dubai.

For Pauline, one of thousands of people hired to work as stewards and security guards on the show, that’s just too much.

“I work at many events, but this is the only one that drives me crazy. It’s totally wrong,” Pauline, 27, said while helping guests board one of the RIBs. say. “It’s wrong to spend this much money on these things. It’s terrible for the planet. I just want to do something to stop it all.”

https://www.theguardian.com/world/2022/sep/30/worlds-richest-celebrate-end-of-summer-at-4bn-monaco-yacht-show The world’s richest people celebrate the end of summer at the €4 billion Monaco Yacht Show.Monaco

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