Jeff Bezos buys $ 500million superyacht so large it comes with a ‘support yacht’ Business News

Jeff Bezos, founder of Amazon and the richest man in the world, would soon be the owner of a mega-yacht he bought for $ 500 million, almost double the price he paid for buy itWashington post newspaper in 2013.

While details of the ship have been largely kept under wraps, the 417-foot superyacht is so massive it has its own yacht, as well as a helipad, Bloomberg reported.

Developed by Dutch yachtmaker Oceano, it is named Project Y721 and has several decks as well as three huge masts, the outlet reported. Said to be the largest sailing ship built in the Netherlands, she is due to be completed next month, almost two years after being ordered.

While the cost of the yacht is inconceivable to many, the amount is only a fraction of Mr Bezos’ total value, which currently stands at $ 191 billion. In fact, according to the Bloomberg Billionaire Index, Mr Bezos made around $ 75 billion in 2020 as the world battled the pandemic.

Amazon shares rose 75% last year as consumers turned to its shopping services during the pandemic, CNN reported. Bezos is not the only billionaire to have made a fortune during the pandemic.

According to a report released by the Institute for Policy Studies and Americans for Tax Fairness, America’s billionaires collectively increased their wealth by $ 1.1 trillion during the pandemic, making them 40% richer than they are. were not before the start of the pandemic.

Although Covid-19 was not a factor when Mr Bezos invested his fortune in the superyacht, a Bloomberg analysis showed his market has grown especially during the pandemic. “The market is booming,” said Sam Tucker, head of superyacht research at London-based VesselsValue, as quoted by the outlet.

He added that the demand for extremely high-end yachts has exceeded the supply. “You can’t get a spot in a new construction yard,” Tucker said. “They are totally reserved.”

Aino Grapin, general manager of the Winch Design studio for superyacht interiors, told the outlet that the yacht allowed the explorer to sail 9,000 nautical miles without needing to refuel. “Customers can enjoy life at sea for long periods of time without having to mingle with others,” she says.