All posts tagged: PLANES YACHTS & AUTOS

Why Are So Many Billionaires in Love with Yachts?

In the annals of the super-rich, many paragraphs will be devoted to super yachts. Representing perhaps the height of privacy and luxury – and certainly the height of purchase price and ongoing expense – super- and mega-yachts are gigantic, gilded and gorgeous. They’re the ultimate status symbol: Steve Jobs had Venus, Roman Abramovich has the Eclipse, Paul Allen has the Octopus, and the Emir of Abu Dhabi reportedly has the Azzam (complete with its own submarine and missile defense system).