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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.

See More: Robert Kiyosaki: 7 Ways To Become Wealthy Beyond the 9-to-5

Read Next: 4 Genius Things All Wealthy People Do With Their Money

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.

For You: Make Yourself Money Smart: 20 ChatGPT Prompts To Increase Your Wealth

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

Jeff Bezos' $500 Million Yacht: A Look at the World's Largest Private Vessel

Jeff Bezos, the founder of Amazon, is known for his extravagant lifestyle and love for luxury yachts. In April 2023, Bezos took delivery of his newest and largest yacht, Koru, which cost a staggering $500 million or more. At 417 feet, Koru is the world's largest sailing yacht, surpassing the previous record holder, the 106-meter Black Pearl.

Built by Oceanco in the Netherlands, Koru is a three-masted sailing yacht that features a sleek and modern design. Unlike other yachts owned by billionaires, Koru is powered by wind and sails, rather than diesel engines. It is reported that the yacht has a range of 7,000 nautical miles and can accommodate up to 36 guests and 60 crew members. The yacht is also equipped with a helipad, a swimming pool, a spa, and a gym.

world's largest superyacht worth $500 million

The delivery of Koru has sparked controversy and criticism, with some arguing that the money spent on the yacht could have been put to better use. However, Bezos has defended his purchase, stating that he plans to use the yacht for scientific research and exploration. Regardless of the controversy, there is no denying that Koru is a stunning and impressive vessel that will undoubtedly turn heads wherever it sails.

Jeff Bezos, the founder of Amazon, has recently taken delivery of his new sailing yacht, Koru, after it completed its initial sea trials. The vessel is reportedly worth $500 million, making it one of the most expensive yachts in the world. This section will provide an overview of the yacht, the builder, and the cost.

Koru is a three-masted sailing yacht that is 417 feet long, making it the largest sailing yacht in the world. It was built by Oceanco, a Dutch shipyard that has built many superyachts for wealthy clients. The yacht has a steel hull and a superstructure made of aluminum. It is equipped with all the luxury amenities that one would expect from a yacht of this caliber, including a pool, a support vessel, and a range of water toys.

The Builder

Oceanco is a leading superyacht builder based in the Netherlands. The shipyard has built many of the world's most impressive yachts, including the Black Pearl, which is one of the largest sailing yachts in the world. Oceanco has a reputation for building high-quality yachts that are both luxurious and innovative.

Koru reportedly cost $500 million to build, which makes it one of the most expensive yachts in the world. The yacht was built in Rotterdam, the Netherlands, and was delivered to Bezos in May 2023. The cost of the yacht has been a source of controversy, with some critics arguing that it is an excessive display of wealth.

In conclusion, Koru is a stunning sailing yacht that is equipped with all the luxury amenities that one would expect from a yacht of this caliber. It was built by Oceanco, a leading superyacht builder based in the Netherlands. The yacht reportedly cost $500 million to build, making it one of the most expensive yachts in the world.

world's largest superyacht worth $500 million

Design and Features

Jeff Bezos' yacht, Y721, boasts an impressive design and features that make it stand out from other superyachts. The yacht has been under construction at the Oceanco shipyard in Rotterdam since 2019 and is set to be delivered in 2022.

Layout and Amenities

The Y721 is a 127-meter sailing yacht that will become the largest sailing yacht in the world upon delivery. The yacht features a sleek black hull with classic lines and a uniquely designed bowsprit - a custom spar extending forward from the ship's bow to which her forestays are fastened. The yacht's layout includes six decks, with ample space for guests and crew.

The yacht's interior is designed by Nuvolari Lenard and features a contemporary style with a focus on natural light and open spaces. The yacht has several lounges, including a main salon, a sky lounge, and a beach club. The beach club is located at the stern and includes a swimming pool, a cinema, and a gym.

Support Vessel

The Y721 also comes with a support vessel, the YS7512, which is a 75-meter Damen Yacht. The support vessel is designed to carry additional equipment, such as helicopters, tenders, and water toys. The support vessel also includes accommodation for additional guests and crew.

Toys and Entertainment

The Y721 is equipped with a range of toys and entertainment options to keep guests entertained during their stay. The yacht has a variety of water toys, including jet skis, paddleboards, and kayaks. The yacht also has a submarine, which can take guests on underwater excursions.

In addition to the water toys, the yacht has a cinema and a selection of board games and books. The yacht also has a wooden sculpture on display, adding to the yacht's artistic appeal.

Overall, the Y721 is an impressive yacht with a range of features that make it stand out from other superyachts. From the spacious layout to the range of amenities and toys on offer, the yacht is sure to provide guests with a memorable experience.

Media Coverage

News coverage.

Jeff Bezos' new yacht has been the subject of much media attention since its completion. Major news outlets such as The New York Times, BBC News, and CNN have all reported on the yacht, with some referring to it as a "superyacht" and others as a "megayacht". The yacht, named Koru, is reportedly worth $500 million and is 417 feet long.

News coverage of the yacht has focused on its size, luxury, and the fact that it is owned by one of the world's wealthiest individuals. Some reports have also speculated about the yacht's environmental impact, given its size and the fact that it is a sailing yacht rather than a motor yacht.

Social Media

The yacht has also generated significant buzz on social media platforms such as Twitter and Instagram. Many users have shared photos and videos of the yacht, expressing awe at its size and opulence. Some have also criticized Bezos for spending so much money on a yacht, arguing that the funds could be put to better use elsewhere.

The yacht has also been the subject of memes and jokes on social media, with some users poking fun at its size and the fact that it reportedly requires a smaller yacht to transport its support equipment.

Overall, media coverage of Jeff Bezos' new yacht has been extensive, with both traditional news outlets and social media users weighing in on the yacht's significance. While some have praised the yacht as a symbol of personal growth and renewal for Bezos, others have criticized it as a display of excessive wealth and indulgence.

world's largest superyacht worth $500 million

Frequently Asked Questions

What is the name of jeff bezos' yacht.

Jeff Bezos' yacht is called "Koru".

How big is Jeff Bezos' yacht?

Koru is a three-masted sailing yacht that is 127 meters (417 feet) long.

Who designed Jeff Bezos' yacht?

Koru was designed by the Dutch yacht builder, Oceanco.

What is the cost of Jeff Bezos' yacht?

The estimated cost of Koru is $500 million.

Where was Jeff Bezos' yacht built?

Koru was built in the Netherlands by Oceanco.

How many crew members are on Jeff Bezos' yacht?

It is not clear how many crew members are on Koru, but it is expected to have a large crew to maintain and operate the yacht.

world's largest superyacht worth $500 million

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Has the World Finally Had a Glimpse of Jeff Bezos’s $500 Million Mega-Yacht?

By Shivani Vora

Image may contain Jeff Bezos Human Person Clothing Shirt and Apparel

Amazon founder Jeff Bezos is appears to be getting closer to welcoming the superyacht he reportedly commissioned in 2018: a fancy toy fitting for the world’s second-richest person, given that it costs a reported $500 million and breaks one world record after another.

Called Y721, this vessel of all vessels is being custom designed by Dutch builder Oceanco and was spotted at a shipyard last week in Zwijndrecht, a town in the western Netherlands. It’s reportedly heading to another Netherlands town, Alblasserdam, for a final fitting. With a length of 417 feet, Y721 is the biggest sailing yacht in the world and the longest vessel to be built in the Netherlands. Features include a black hull, classic shape, three large decks, and three masts.

Image may contain Transportation Vehicle Boat Yacht Vessel and Watercraft

Superyacht Bravo Eugenia , belonging to the U.S. billionaire Jerry Jones, owner of the Dallas Cowboys, was built by Oceanco, which is also rumored to be behind Bezos’s new massive vessel.

Y721 is going to totally change the world of yachting with its design and innovation, says Fernando Nicholson, a luxury yacht sales broker with the yachting company Camper & Nicholsons. “It’s a boat with the latest technology and bells and whistles that have never been seen,” he says. “This will be the standard for all superyachts to follow, but in years to come, when its features become more affordable. Right now, only someone with Bezos’s wealth can swing the cost.”

The superyacht is said to be modeled after Oceanco’s famous yacht, the Black Pearl , which the company site says , “is one of the largest and most ecological sailing yachts in the world. She can cross the Atlantic without burning even a liter of fossil fuel.” Y721 will go through sea trails following its fitting-out in Alblasserdam and is expected to be ready sometime next year.

Image may contain Transportation Vehicle Boat and Yacht

The Flying Fox , allegedly owned by Bezos.

However, it’s only one of two new boats for Bezos: He has also commissioned a shadow vessel called YS 7512 from builder Damen Yachts. This support ship measures 246 feet in length and accommodates 45 additional crew and guests. It will also feature a helipad and meeting space and have a vast amount of storage for Bezos’s endless number of water toys, with diving and snorkeling gear, jet and water skis, waterslides, and surfboards among the bunch. Shadow vessels are a growing phenomenon in the superyacht industry and one more extra toy that their owners want to have at the ready, says Nicholson. “You see them more and more now as an add-on to a superyacht purchase,” he says. “They’ve almost become a must.”

There’s no doubt that Bezos will be sailing the high seas in full panache and style come 2022. But really, is there any other way when you have more money than almost anyone else in the world and attract an endless amount of attention too?

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Marine Insight

Largest Superyacht In The World, Priced At $500 Million Delivered To The Amazon Founder

A superyacht priced at a whopping $500 million and ordered by Jeff Bezos was successfully handed to the new owner on Thursday.

Superyacht

The vessel, otherwise popular as Koru, measures 127 meters in length, the largest sailing yacht in the world and the largest one constructed in the Netherlands, per reports of Boat International.

The vessel’s sea trials have been ongoing since February, earmarking the ultimate phases of its construction. The construction of the yacht, which earlier went by the code name of Y721, took nearly five years.

In 2022, at one point, Oceano, the Dutch custom yacht builder who was responsible for Koru, caught itself mired in several controversies when it placed a request for dismantling a historic bridge in Rotterdam to permit three tall masts to pass underneath the bridge.

Locals vehemently protested against this dismantling, compelling Oceano to reportedly tow the boat under cover of night to yet another shipyard without the masts. The masts had to be installed later on.

The yacht is the tallest worldwide. It boasts a height of about 230 feet and needs a crew of about 40 sailors to operate it. Besides its whopping $500 million price tag, it needs a yearly operating cost of about $25 million.

Why it is important: Bezos stepped down as Amazon’s CEO but continues to be the e-commerce retailer’s executive chair. He is also the third-richest man in the world. His net worth is approximately $125.1 billion, per Forbes.

The Amazon founder is known to be the partying kind — in 2022, he and Lauren Sanchez, his girlfriend, welcomed the New Year on a $42,000/week superyacht in the Caribbean.

Reference: MSN, Benzinga

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Jeff Bezos’ New Yacht Is Finally Ready to Set Sail

Amazon’s founder has been spotted on Koru, a massive schooner with a design that evokes the golden age of sailing in the early 20th century.

Koru, a very large sailboat with three masts and a dark navy hull, sails on a calm blue sea.

By Kevin Koenig

Just in time for the high season of yachting in the Mediterranean, when multimillion-dollar megayachts descend on ports like Monte Carlo and St. Tropez, Jeff Bezos, the founder of Amazon, has been photographed with his partner Lauren Sánchez on his new boat, Koru, off the coast of Spain.

Mr. Bezos’ vessel is a sailing yacht, a departure from the diesel-powered, floating palaces popular with other billionaires. But it is still massive. At 417 feet, Koru is the world’s largest sailing yacht, according to Boat International , and it cost an estimated $500 million to build, Bloomberg reported . (Parsifal III, the boat featured on Bravo’s reality series “Below Deck Sailing Yacht,” is 177 feet long — less than half the length of Koru — and cost $18 million , according to the website SuperYachtFan.)

A spokesperson for Mr. Bezos did not comment for this article; neither did Oceanco, Koru’s builder. Here is what to know about the boat.

For traditionalists, Koru is refreshing. At a time when yacht design skews outrageous — see the lizardlike, 262-foot Artefact or the otherworldly 463-foot Yas — Koru stands out as a schooner, a sailing vessel with two or more masts. Photos reveal a large sailboat with three masts, an on-deck pool and a voluptuous mermaid on the bow, that bears a resemblance to Ms. Sánchez. But otherwise, the sleek, classic lines suggest the patrician age of yachting in the early 20th century, said Robert B. MacKay, author of “The Golden Age of Newport Yachting: Between the Wars.”

“With the clipper bow and the dark hull and the masts,” Mr. MacKay said, referring to Koru’s concave, pointy forward section, “it reminds me of a boat built in 1930 for J.P. Morgan Jr., Corsair IV. It is almost like a reincarnation. It’s certainly at odds with the stuff the oligarchs are building — those look like bloated Clorox bottles.”

Compared with the world’s very largest motor yachts — built for sheer size and the accompanying bragging rights — Koru could almost be considered quaint. Azzam, one of the world’s largest motor yachts, is nearly 200 feet longer.

The Experience

Koru will be propelled primarily by the wind. “Sailboats are usually greener than most powerboats,” said Don Anderson, a former captain of M5 , the world’s largest single-masted sailboat, at 256 feet. “I’d like to think that Koru will be one of the most ecological yachts out there, with its sails and also with the technology that will be aboard.”

“When you’re on a sailboat, you’re more in touch with the wind and the waves than on a powerboat,” he continued. “You’re more susceptible to the elements, too. But you can leave California, and once you get past the Catalinas you can basically surf downwind all the way to Hawaii. All you need to do is run with the waves.”

Mr. Bezos has been a guest on similar boats, according to Bloomberg: In 2019, he was spotted on Eos , a 305-foot sailing yacht owned by Barry Diller and Diane von Furstenberg.

Bill Tripp, a Connecticut-based naval architect, said the appeal of this type of boat is clear: “When you are on a powerboat, you ask, ‘Are we there yet?’ and on a sailboat, you’re enjoying the ride and the ocean so much that you don’t ask that question.”

Koru will be trailed by Abeona, a 246-foot support vessel. Superyachts often have support vessels following along behind them. These “shadows,” as they are colloquially known, are for the “toys” — the ATVs, supercars, seaplanes, motorcycles, smaller boats, scuba gear, personal submarines and even helicopters that pleasure boaters might bring on a trip. According to its builder, this model of boat can carry these gadgets along with dozens of crew members. (Ms. Sanchez flies helicopters, and the couple was recently photographed taking a helicopter to board Abeona and then Koru.)

Abeona, a motor yacht, will have enough range to follow Koru from the Mediterranean to the Caribbean — a common course for yachts — on a single tank of gas.

The Kerfuffle

Koru set off a controversy last year — before it was even completed — in a face-off with the Dutch city of Rotterdam. The boat was built at Oceanco’s facility in Alblasserdam, the Netherlands, and needed to pass the historic Koningshaven Bridge, known as “De Hef,” in Rotterdam, to undergo testing in the North Sea.

When the city announced it would dismantle the bridge to allow the boat and its mainmast — an estimated 230 feet tall — to pass through unscathed, locals were angry. They planned a protest to throw eggs at the yacht as it cruised by. In the end, the bridge was not taken apart, and the yacht was towed to a different location to have its masts attached.

Koru is Maori for “coil” or “loop” and refers to the unfurling of a fern frond. The koru design is common in traditional Maori art, where it symbolizes new life, growth and peace. Mr. Bezos included a photo of a koru frond in an Instagram post on Jan. 1, 2022.

Brad Stone, who was the first to report on Koru, in his 2021 book “Amazon Unbound: Jeff Bezos and the Invention of a Global Empire,” said the name was “consistent with where we see him today.”

“He is no longer this single-minded tech guy,” Mr. Stone said. “He’s in media and Hollywood and has a new relationship.”

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The Most Incredible Features Of Jeff Bezos' $500 Million Mega Yacht

jeff bezos

Jeff Bezos, the second-richest man in the world, will soon be the owner of a $500 million newly-constructed mega yacht in the Netherlands. While there is not a lot of information about the super yacht, there are a few facts that can be gleaned from the ship manufacturer's website and also several media publications. However, what is confirmed is that this yacht is supposed to be 417 feet long (127 meters), have several decks, and feature three gigantic black masts (via Bloomberg ).

The ship is called the Y721 and it is reportedly made by Oceanco, a custom ship builder that produces some of the world's largest and most luxurious boats. The company is owned by Omani billionaire businessman , Mohammed Al Barwani, and is based in the Netherlands. According to the luxury magazine  Robb Report , this uber-luxurious boat is expected to be the world's largest sailing yacht when completed.

It is super-sized

As superyachts go, the Y721 is extremely large. At 417 feet, it is one of the largest sailing yachts ever built in the Netherlands, according to Time Magazine . It is so colossal that for it to sail out of the harbor to go to the ocean, it has to pass by an iconic Dutch steel bridge that has a center part that can be removed so the vessel can pass through safely. This bridge, known as De Hef (literally translated as The Lift), is a lift bridge that can raise 130 feet in the air. That still isn't high enough to accommodate the yacht's tall masts, and the process of raising the bridge so the ship can exit can't be described as simple, either. Additionally, the breadth of its sails and supports makes it unsafe for a helicopter to land on the yacht without clipping its masts, so Bezos has reportedly commissioned a support yacht with a helipad to travel alongside the titanic cruiser (via Time).

The 246-foot shadow yacht known as the YS7512 will be the base for the Amazon billionaire's helipad, but it will also feature meeting spaces, and storage for his jet skis, water toys, and snorkeling and diving gear. It can accommodate up to 45 crew and guests (via Architectural Digest ).

It is a clean, green machine

In Brad Stone's book, "Amazon Unbound: Jeff Bezos and the Invention of a Global Empire," the vessel is described as being "one of the finest sailing yachts in existence." Although this luxury cruiser will almost certainly have fineries fit for a business mogul like Bezos, it is also said to be environmentally friendly. Oceanco based the blueprint on its award-winning , sustainable Black Pearl Yacht. The company says on its website that this ship is one of the largest and most eco-friendly sailing yachts in the world, and can cross the Atlantic without burning any fossil fuel.

It features technology such as DynaRig carbon masts, solar power, and a hybrid-propulsion system. It also has a waste-heat recovery system onboard that uses thermal energy and residual heat from exhaust gas to transform into electrical energy. While the construction of the superyacht has been reported by multiple media sources, the Daily Mail reports that Oceanco has declined to comment on whether this yacht was commissioned by Jeff Bezos.

Bezos can fly to the yacht, but only with the help of a support vessel

If Bezos is on land and the superyacht isn't docked, the Amazon owner isn't going to have to row back to his vessel when he wants to get on board — he can simply take a short flight to the boat via helicopter (via Bloomberg ), though that requires him to land on a support yacht. Using a helicopter to fly to his yacht is something that would have, at one point in time, sounded very unlikely given Bezos' mixed history with whirlybirds. He actually survived a helicopter crash back in 2003 when scouting for sites to use for his spacefaring venture Blue Origin. 

Bezos was on board with the pilot and two staff members when the overloaded aircraft started to struggle after taking off. The pilot was left dodging trees and desperately trying to get the helicopter out of danger. He didn't succeed, and eventually, the tail boom collided with a tree, causing the chopper to spin. The helicopter eventually ended up in a creek, but Bezos walked away from the incident. Recalling the crash in Fortune Magazine, Bezos quipped, "I thought, what a dumb way to die."

Given the circumstances, it is unsurprising that Bezos allegedly hated helicopters for many years. However, his hatred of the transportation method had reportedly evaporated by 2018 and been replaced by enthusiasm. It was this switch in attitude that, according to the New York Post , alerted Amazon executives to Bezos' affair with helicopter pilot and owner of Black Ops Aviation Lauren Sanchez. Bezos would eventually divorce his wife and the mother of his four children, MacKenzie Scott, and make his relationship with Sanchez public.

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Bezos' Wait Is Over — World's Largest Superyacht Worth $500 Million Finally Delivered To Amazon Founder

Zinger key points.

  • Koru cost $500 million, while its annual operating cost is estimated to be around $25 million.
  • The vessel was commissioned by Jeff Bezos, whose net worth is the third-highest in the world.

Amazon founder  Jeff Bezos  has finally gotten his pricey, luxurious superyacht that has been catching eyes. 

What Happened: The superyacht, which was reportedly priced at $500 million and ordered by Bezos, was handed to its new owner on Thursday, Business Insider reported, citing yachting publication Boat International.

The vessel, otherwise known as Koru, is 127 meters long, the world’s largest sailing yacht and the largest one built in the Netherlands, according to Boat International. 

Sea trials of the vessel had been taking place since February, marking the final phases of construction. Construction of the yacht, which previously went by the code name Y721, took about five years. 

See Also: How To Invest In Startups

At one point last year, Oceano, the Dutch custom yacht builder responsible for Koru, found itself mired in controversy when it requested the dismantling of a historic bridge in Rotterdam to allow for Koru’s three tall masts to pass under the bridge. Locals protested against the dismantling, forcing Oceano to tow the boat under the cover of night to another shipyard without its masts. The masts were installed later.

In early March, reports had suggested the yacht was ready to set sail en route to its new owner.

The yacht is reportedly the tallest in the world, with a height of 230 feet, and requires a crew of 40 sailors to operate. Apart from its $500 million price tag, it also involves an annual operating cost of $25 million.

Why It's Important: Bezos, who stepped down as Amazon's CEO but continues to be the e-commerce retailer's executive chairman, is the world’s third-richest man with a net worth of around $125.1 billion, according to Forbes.

The Amazon founder is well known as the partying type — in 2022, he and his girlfriend Lauren Sanchez welcomed the new year on a $42,000 per week superyacht in the Caribbean.

Read Next:  Construction Of Jeff Bezos' Beverly Hills Megamansion Stalled Following Attempt To Expand Property

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Billionaires: Jeff Bezos takes his $500 million superyacht for a test run

In our fortnightly round-up of the world’s super wealthy, mukesh ambani builds on record cricket views with new offerings and winklevoss twins lend $100 million to their gemini crypto platform.

Previously known as Y721, the ship is now registered as Koru and is flying under a Cayman Islands flag. EPA

Previously known as Y721, the ship is now registered as Koru and is flying under a Cayman Islands flag. EPA

An embedded image that relates to this article

Billionaire Jeff Bezos should have his new superyacht in time for the summer.

On Wednesday, the 417-foot (127-metre) Koru left a shipyard in the Netherlands and anchored off the coast of Spain near Mallorca, where it’s undergoing tests.

The Koru’s excursion is part of the sea trials where an owner puts the boat through its paces to make sure everything is working properly, according to a person familiar with its travels, who requested anonymity discussing private matters. It could return to the shipyard for final tweaks before being delivered.

The three-mast superyacht is estimated to have cost the Amazon founder more than $500 million.

Mr Bezos, 59, is the world’s third-richest person with a fortune of $126.2 billion, according to the Bloomberg Billionaires Index.

Jeff Bezos's $500m superyacht — in pictures

A superyacht, reportedly built for Amazon founder Jeff Bezos, sits on a slipway in Zwijndrecht, the Netherlands. All photos: AP

A superyacht, reportedly built for Amazon founder Jeff Bezos, sits on a slipway in Zwijndrecht, the Netherlands. All photos: AP

Previously known as Y721, the ship is now registered as Koru and is flying under a Cayman Islands flag. It’s the largest sailing yacht afloat, according to Boat International , and one of the biggest to be built by Netherlands-based Oceanco.

An Amazon representative did not respond to a request for comment.

The superyacht’s size has caused a number of headaches for Mr Bezos and its builders. The height of its masts was originally going to force the city of Rotterdam to dismantle historic steel bridge De Hef for the boat to be able to make it to the ocean.

City officials initially agreed to temporarily take apart the bridge’s central section, but Oceanco ended up retracting the request amid public outcry. The shipbuilder eventually towed the vessel out to sea without its masts.

The size of the sails also meant that the yacht couldn’t have a helipad on board. Instead, Mr Bezos and his helicopter pilot partner Lauren Sanchez will rely on a support boat, which is currently crossing the Atlantic with a destination of Gibraltar, according to vessel-tracking data.

Billionaire Mukesh Ambani plans to add more than 100 films and TV series to his streaming platform. EPA

Mukesh Ambani

Billionaire Mukesh Ambani ’s streaming service will add more than 100 films and TV series to its platform, building on the popularity of its cricket broadcasts in its push to take on global giants such as Walt Disney and Netflix in the fast-growing Indian market.

The expansion will coincide with JioCinema starting to charge for content, though the exact pricing strategy is still being finalised, media and content business president Jyoti Deshpande said in an interview.

New titles will be introduced before the end of the Indian Premier League cricket next month, and viewers will still be able to watch matches for free until then, she said.

Mr Ambani’s sprawling conglomerate has aspirations to become a global media and online streaming behemoth.

Last year, Viacom18 Media, a joint venture between Paramount Global and the billionaire’s Reliance Industries, outbid Disney and Sony Group to clinch the digital rights to IPL — one of the world’s fastest-growing sports events that’s seen as a critical way for any media company to lure eyeballs in India.

The potential viewership in India, home to 1.4 billion people and with a growing middle class and expanding internet access, is immense.

JioCinema drew more than 1.47 billion video views during the opening weekend of the IPL in April, and had 22 million viewers for a match on Wednesday.

It remains a market that’s been hard to crack for global streaming platform giants: Netflix has cut its fees to lure price-conscious users, while a robust local cinema-going culture means Indian viewers can be picky in what they’ll watch online.

Both price and content are at the front of mind in JioCinema’s expansion, said Ms Deshpande.

The plan is to “keep tariffs simple for viewers”, she said.

Currently, the streaming space “is dominated by westernised content. Jio Studios wants to become a catalyst for cross pollination of talent. We want to get as Indian as it can,” she added.

That includes rolling out films and series from thrillers and romance to biopics in languages including Hindi, Marathi, Bengali and Gujarati.

Tyler, left, and Cameron Winklevoss have loaned $100 million to their crypto exchange Gemini. Bloomberg

Tyler and Cameron Winklevoss

Billionaires Tyler and Cameron Winklevoss have dipped into their own pockets to support their crypto exchange Gemini Trust , which has faced numerous setbacks during the year-long market downturn for digital assets.

The twins made a $100 million loan to Gemini recently, according to two people familiar with the matter, who did not wish to be identified discussing private information.

The move came after Gemini had informally sought funding from outside investors in recent months without coming to any agreements, according to three people.

Gemini and the Winklevoss twins didn’t respond to requests for comment.

Venture funding for crypto start-ups has cratered following the collapse of crypto exchange FTX and slowdowns in the tech and crypto industries, plummeting 80 per cent to $2.4 billion in the first quarter compared with the same period last year, according to data from research firm PitchBook.

Gemini has experienced its own troubles during the crypto bear market, a sharp contrast to when it raised $400 million at a valuation of $7.1 billion in November 2021.

Fallout from the implosion of FTX led to the bankruptcy of crypto lender Genesis Global Holdco, severely bruising Gemini in the process.

Genesis Global had been Gemini’s sole partner on its Gemini Earn lending product and when Genesis froze withdrawals in November, that forced Gemini to pause redemptions on Earn accounts.

The move left $900 million of customer money in limbo and sparked a heated spat between the Winklevoss twins and Barry Silbert, chief executive of Digital Currency Group, the parent company of Genesis.

In February, the two parties reached an agreement in principle to resolve the dispute, under which Gemini would kick in as much as $100 million.

The Winklevoss loan won’t go towards that, but rather to fund operations, one person familiar with the matter said.

LONDON, ENGLAND - APRIL 28:  Simon Reuben (L) and David Reuben attend the opening of the Lyric Hammersmith's Reuben Foundation Wing and "Bugsy Malone" at the Lyric Hammersmith on April 28, 2015 in London, England.  (Photo by David M. Benett/Getty Images for Lyric Hammersmith)

David and Simon Reuben

David and Simon Reuben are exploring ways to finalise one of Los Angeles’s biggest real estate projects after taking control over major parts of the $2.5 billion plan through debt financing deals.

The British billionaire brothers are in talks over a revised repayment plan with the US property developer behind the Century Plaza site after it defaulted on loans during the pandemic, according to a statement from the Reubens’ namesake company.

The project, which includes a five-star hotel as well as retail stores and residential units, is almost complete.

Reuben Brothers is now “engaged in discussions on a forbearance agreement with the borrower, Next Century Partners, controlled by Michael Rosenfeld, to ensure the project will move forward”, their company said, without disclosing financial terms.

“With the funding and development secured, Century Plaza can cement itself as a premier luxury residential complex in the centre of Los Angeles.”

Representatives for Next Century Partners didn’t respond to requests for comment.

The situation underscores the risks many real estate companies worldwide face as higher interest rates to curb surging inflation lead to more defaults.

Money managers have recently stepped up their bearish bets against office landlords: Warren Buffett has warned there will be problems for banks in the commercial property sector, while investor Kyle Bass went as far as saying skyscrapers will need to be demolished.

The Reubens control one of the world’s biggest portfolios of retail, office and residential properties. Sons of Iraqi Jews, they were born in India and moved to London as teenagers.

They built a fortune trading metals and later invested in real estate, leisure and technology companies. David, 84, and Simon, 81, have a combined net worth of $13.6 billion, according to the Bloomberg Billionaires Index.

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Jeff bezos’ massive new $500m superyacht — complete with helipad and pool — spotted in north sea.

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an aerial view of Jeff Bezos' new sailing vessel Koru.

Hoist up the Jeff B sails.

Amazon honcho Jeff Bezos’ $500 million superyacht Koru, codenamed Y721, is finally seaworthy — spotted in the North Sea after leaving Rotterdam on Feb. 13,  footage posted by the organization Dutch Yachting  shows.

The massive, 417-foot vessel’s test run came months after it was originally set to be delivered to the 59-year-old billionaire. 

It requires a 250-foot support vessel that houses a helicopter landing pad for the Blue Origin founder.

Bezos’ mega boat created controversy last year after a report that Dutch officials would  have to dismantle  the historic Koningshaven Bridge because the 130-foot steel structure wouldn’t allow the vessel and its 229-foot masts to pass through.

Following an uproar from residents, local leaders decided the plan was a bridge too far — and the boat was towed from its construction location to another shipyard in a nearby town without its masts,  according to Jalopnik .

The uproar likely played a big part in how and when it would float away.

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An overhead shot of the ship at sea

Citizens of Rotterdam reportedly swore in February that, should Bezos’ superyacht traverse the De Hef bridge, they would pelt it with eggs in protest . 

And when it finally came time to move the vessel out of its Dutch shipbuilding yard, the decision was made to tow it away under cover of darkness, the Cut reported.

world's largest superyacht worth $500 million

Koru costs about $25 million a year to run. The pleasure boat can accommodate 18 guests — and requires a crew of 40 sailors.

It is far from the world’s most expensive yacht. That dubious honor is reserved for the $4.8 billion History Supreme — a gold- and platinum-plated vessel featuring a Tyrannosaurus rex bone wall made of meteoric stone. It was bought in 2011 by an anonymous Malaysian businessman,  according to the Richest .

an aerial view of Jeff Bezos' new sailing vessel Koru.

Yet the half-billion-dollar price tag is a relative drop in the ocean for the Amazon founder, whose net worth was valued at  $181 billion  by Forbes.

Koru will join a fleet of superyachts , helicopters and planes already owned by the entrepreneur and his millionaire girlfriend, Lauren Sanchez.

The aluminum and steel schooner reportedly boasts three decks, including one with a swimming pool. 

The smaller, 250-foot support vessel that will sit alongside the mammoth one will include a helicopter landing pad for Bezos or his celebrity guests. This smaller yacht is also expected to be loaded with an array of toys including luxury cars, jet skis, speedboats, and perhaps even a personal submarine, the Daily Mail has reported .

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Jeff Bezos' rumored $500 million yacht has finally made its maiden voyage

  • A $500 million yacht believed to belong to Jeff Bezos has been delivered to the Amazon founder.
  • The 417-foot vessel, the largest sailing yacht in the world, recently made its maiden voyage to Gibraltar, according to Boat International.
  • It previously stirred controversy for nearly dismantling a historic bridge for it to pass.

Insider Today

A $500 million megayacht believed to be commissioned by Amazon founder Jeff Bezos has finally completed construction and made its maiden voyage.

The vessel, called Koru, left facilities owned by Dutch shipmaker Oceanco on Thursday and traveled to Gibraltar, according to yachting publication Boat International . At 417 feet long, the boat is believed to be the largest sailing yacht in the world.

Related stories

It began sea trials  — a series of tests that mark one of the last phases of construction — in February.

The ship's construction hit a few snags over the over the past year. Last year, Oceanco, requested that a historic bridge in Rotterdam be dismantled because the yacht's three masts were too tall to pass under the bridge, despite its 131-foot clearance.

The 100-year-old Koningshaven Bridge, known to locals as "De Hef," was renovated in 2017, at which point the city vowed not to take it apart again, according to Dutch broadcaster Rijnmond .

The request sparked public outcry, prompting more than 1,000 residents to threaten to throw eggs at the yacht if the bridge ended up being dismantled. Oceanco later nixed its request , and the yacht was towed under cover of night to another shipyard, without its masts, which were installed later.

world's largest superyacht worth $500 million

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Luxurylaunches -

Centibillionaire Jeff Bezos’ $500 million Koru superyacht emits an astounding 1,500 times more greenhouse gases than an average person. Inspite of being the largest sailing yacht in the world the 417-feet long vessel will be responsible for more than 7,150 tonnes of CO2 every year.

world's largest superyacht worth $500 million

Even at the time of writing, the humongous sailing yacht is en route on a 4,000 mile journey from Gibraltar to the Americas and has currently gone dark somewhere in West Africa.

world's largest superyacht worth $500 million

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world's largest superyacht worth $500 million

Jeff Bezos’ $500M superyacht, and more big boats, are stars of Cannes

Whatever floats your boat!

Jeff Bezos’ luxury superyacht has pulled into Cannes for its famed film festival.

But while the new $500 million vessel, Koru, has been making headlines as the world’s largest sailing yacht — and for featuring a mermaid on its prow that looks like his girlfriend, Lauren Sanchez — its not the only boat in town.

Bezos’ support yacht, Abeona, is also in the Riviera town’s port.

The 246-foot vessel carries crew as well as what the New York Times described as “toys,” including “ATVs, supercars, seaplanes, motorcycles, smaller boats, scuba gear, personal submarines and even helicopters that pleasure boaters might bring on a trip.”

Also in the area is the $70 million yacht, Artisan, owned by venture capitalist Todd Chafree, who invested in Netflix, Kayak and Twitter.

Billionaire British entrepreneur Brett Alexander Palos’ $45 million boat, Illusion, has also been spotted in the port.

Palos is the stepson of Topshop bigwig Sir Phillip Green.

The $70 million yacht, Siren, has also been seen off Cannes.

The 241-footer is own by David Reuben, a member of the reportedly second wealthiest family in the UK. Forbes estimates his worth at $6.7 billion.

Noticeably absent this year are the yachts of Russian oligarchs .

Away from Bezos’ big boat, the Amazon billionaire and Sanchez were spotted in Cannes at a magazine party at the fancy Hotel Du Cap Eden Roc over the weekend, and at a private mansion party for Martin Scorsese’s “Killers of the Flower Moon.”

Jeff Bezos’ $500M superyacht, and more big boats, are stars of Cannes

COMMENTS

  1. Jeff Bezos' yacht reportedly cost $500 million and is the largest

    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 ...

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    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 ...

  3. Jeff Bezos $500 Million Yacht Koru Makes Maiden Voyage

    Above: Video footage of Koru - Jeff Bezos' yacht - on YachtWorld's YouTube channel that shows the superyacht on her maiden voyage before setting sail into serene waters amidst the morning air.. A $500 Million Masterpiece. Koru, formerly referred to as Y721, is a sailing yacht that stands out in multiple ways.Constructed with a steel hull and an aluminum superstructure she has three ...

  4. Jeff Bezos' $500M yacht has a 246-foot support ship, Lauren ...

    Much like Amazon, Jeff Bezos' $500 million superyacht offers every bell and whistle imaginable, from A to Z. The colossal, triple-masted Koru began its career serving the world's third richest ...

  5. An Inside Look at Jeff Bezos' $500 Million Superyacht and What ...

    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 ...

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    In April 2023, Bezos took delivery of his newest and largest yacht, Koru, which cost a staggering $500 million or more. At 417 feet, Koru is the world's largest sailing yacht, surpassing the previous record holder, the 106-meter Black Pearl. Built by Oceanco in the Netherlands, Koru is a three-masted sailing yacht that features a sleek and ...

  7. Has the World Finally Had a Glimpse of Jeff Bezos's $500 Million Mega

    With a length of 417 feet, Y721 is the biggest sailing yacht in the world and the longest vessel to be built in the Netherlands. Features include a black hull, classic shape, three large decks ...

  8. Largest Superyacht In The World, Priced At $500 Million Delivered To

    A superyacht priced at a whopping $500 million and ordered by Jeff Bezos was successfully handed to the new owner on Thursday. Image for representation purpose only. The vessel, otherwise popular as Koru, measures 127 meters in length, the largest sailing yacht in the world and the largest one constructed in the Netherlands, per reports of Boat ...

  9. Jeff Bezos' New Yacht Is Finally Ready to Set Sail

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  11. Bezos' Wait Is Over

    Bezos' Wait Is Over — World's Largest Superyacht Worth $500 Million Finally Delivered To Amazon Founder. ... is the world's third-richest man with a net worth of around $125.1 billion, ...

  12. See worthy: First look at Jeff Bezos' reported $500M superyacht at

    The 417-foot-long, triple-masted craft, with a price tag of upwards of $500 million, is being constructed by Dutch builder Oceanco. The YouTube channel Dutch Yachting offered up an aerial video .

  13. Billionaires: Jeff Bezos takes his $500 million superyacht for a test run

    It could return to the shipyard for final tweaks before being delivered. The three-mast superyacht is estimated to have cost the Amazon founder more than $500 million. Mr Bezos, 59, is the world's third-richest person with a fortune of $126.2 billion, according to the Bloomberg Billionaires Index.

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  15. Jeff Bezos' new $500M superyacht Koru spotted in North Sea

    Amazon honcho Jeff Bezos' $500 million superyacht Koru, codenamed Y721, is finally sea ready -- spotted in the North Sea after leaving Rotterdam Feb. 13, footage posted by the organization Dutch ...

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  17. Jeff Bezos' Rumored $500 Million Yacht Makes Maiden Voyage

    A $500 million yacht believed to belong to Jeff Bezos has been delivered to the Amazon founder. The 417-foot vessel, the largest sailing yacht in the world, recently made its maiden voyage to ...

  18. Bezos's New $500 Million Superyacht Is Undergoing Sea Trials

    The three-masted superyacht is estimated to have cost the Amazon.com Inc. founder more than $500 million. Bezos, 59, is the world's third-richest person with a fortune of $126.2 billion ...

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  20. Centibillionaire Jeff Bezos' $500 million Koru superyacht emits an

    The largest privately owned sailing yacht in the world, centibillionaire Jeff Bezos's Koru, is a $500 million masterpiece with equally jaw-dropping carbon emissions. According to an analysis by Wilk and Barroz, the vessel will still emit 7,154 tons of CO2 a year.

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  22. Jeff Bezos' $500M superyacht, and more big boats, are stars of Cannes

    The $70 million yacht, Siren, has also been seen off Cannes. The new $500 Million superyacht, Koru, is one of the biggest stars at the Cannes Film Festival, away from the films. SplashNews.com ...