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super yachts #2

Discussion
Oct 4, 2011

Super yachts have become a symbol of success in the top one percent of wealthy people in the U.S. You see this lavish and extravagant boats being owned by the CEO’s and business men associated with companies who are losing money everyday, and politicians from country’s around the world. Owners of such boats are people like Mohammed  bin Rashid Al Maktoum, the Prime Minister and Vice President of the United Arab Emirates, and absolute monarch of Dubai. Al Maktoum’s boat comes in at around 531 feet, making it the second longest privately owned yacht in the world. The only yacht that is bigger is the 538 foot yacht owned by Roman Abramovich, a Russian business man who made his money independently by selling black-market goods. Since 2005 when the stock market and Wall Street had their debacle, there have been 29 of the 80 super yachts built for people who were supposed to be affected by the stock market. Here is a table showing you these boats:

37 Mayan Queen IV 302' 92m 2008 Blohm + Voss Germany
6 Swift 141 141 metres (463 ft) 2011 ADM Shipyards
30 O'Mare 98 metres (322 ft) 2011 Golden Yachts
33 Project 55 96 metres (315 ft) 2011 Devonport Yachts England
10 Serene 134 metres (440 ft) 2010 Fincantieri Italy *
13 Katara 124.40 metres (408.1 ft) 2010 Lürssen Germany
20 Luna 116 metres (381 ft) 2010 Roman Abramovich LloydWerft&Stahlbau Nord Germany *
22 Radiant 110 metres (360 ft) 2010 Lurssen Germany
33 Palladium 96 metres (315 ft) 2010 Mikhail Prokhorov Blohm + Voss Germany *
53 Sunrays 85 metres (279 ft) 2010 Oceanco
1 Eclipse 164 metres (538 ft) 2009 Roman Abramovich Blohm + Voss Germany *
40 Dubawi 90.60 metres (297.2 ft) 2009 Royal Yacht Cantiere Navale Ferrari-Signani UAE
72 Ocean Victory 76 metres (249 ft) 2009 unknown Feadship de Vries *
11 Al Mirqab 133 metres (436 ft) 2008 Emir of Qatar Peters Schiffbau Germany
15 ""A"" (Project Sigma) 119 metres (390 ft) 2008 Andrey Melnichenko Blohm + Voss Germany *
23 Dilbar 110 metres (360 ft) 2008 Alisher Usmanov Lürssen Germany *
64 C2 78 metres (256 ft) 2008 Abeking & Rasmussen Germany
73 Anastasia 76 metres (249 ft) 2008 Vladimir Potanin oceAnco *
3 Al Said 155 metres (509 ft) 2007 Sultan Qaboos of Oman Lürssen Germany *
42 Nero 90.60 metres (297.2 ft) 2007 Corsair Yachts China
57 Alfa Nero 82 metres (269 ft) 2007 Peter Breton oceAnco *
80 Aviva 68 metres (223 ft) 2007 Joe Lewis Abeking & Rasmussen Germany *
2 Dubai 162 metres (531 ft) 2006 Mohammed bin Rashid Al Maktoum Blohm + Voss/Lürssen Germany *
36 EOS 92.92 metres (304.9 ft) 2006 Barry Diller Lurssen Germany
46 Maltese Falcon 88.12 metres (289.1 ft) 2006 Elena Ambrosiadou Perini Navi Turkey *
61 Amevi 81 metres (266 ft) 2006 Lakshmi Mittal oceAnco
69 Samar 77 metres (253 ft) 2006 Kutayba Youssef Ahmad Alghanim *
41 Ice 91 metres (299 ft) 2005 Suleiman Kerimov Lürssen Germany *
54 Alysia 85 metres (279 ft) 2005 Andreas Liveras

Comments

I am confused by your article

Submitted by zebc.g1 on Thu, 2012-02-09 11:56.

I am confused by your article super yachts #2.
One sentence you wrote that stood out to me was " Since 2005 when the stock market and Wall Street had their debacle, there have been 29 of the 80 super yachts built for people who were supposed to be affected by the stock market." The rich and famous are not always effected by a down market even if their investments are. Many of them have backup plans as to how to keep their income and lifestyle.
I do agree with you it is unethical how these business owners purchase unnecessary luxury's when their business in crumbling. I look forward to hearing more on the subject of misuse of funds by CEO's in the future.