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Used Yachts For Sale Under $5,000,000

Finding a used yachts for sale under $5,000,000 that fits your needs when it comes to number of passengers, horsepower, inside accommodations, and other features on board can be a challenge with so many options available on the market today. There are many types of boats available under $5 million like  cruising yachts ,  motor yachts ,  Trawlers , and  fishing boats , with many good options across all length ranges. Still, there are plenty of opportunities with brands like  Princess ,  Azimut ,  Sunseeker ,  Viking ,  Hatteras ,  Ferretti ,  Ocean Alexander , and others. Let the team at United Yacht Sales help you find the right vessel that fits your needs under $5 million.

Yachts $ 3,000,000 to $ 5,000,000

78' Princess V78 2020

78' Azimut 78 FLY 2023

86' Sunseeker 86 Yacht 2018

85' Ferretti Yachts 850 2020

84' Azimut Magellano 25 Metri 2021

116' Lazzara Yachts Motor Yacht 2008

Princess Lona

115' Tecnomar 35 Nadara 2006

85' Ferretti Yachts 850 2021

124' Trinity Yachts Raised Pilothouse 2002

IN THE ZONE

110' Horizon P110 Tri Deck Series 2012

105' Feadship Custom 1969

85' Terranova Yachts T85 2018

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Used Yachts For Sale $1,000,000 – $5,000,000

Listed below are used yachts for sale worldwide from $1,000,000 – $5,000,000. Use the search tools to narrow your exploration. SYS Yacht Sales offers a wide range of luxury used yachts for sale, including long range cruisers, motor yachts, trawlers, express cruisers, center consoles, sailboats and everything in between. Search top brands like Horizon, Broward, Azimut, Ferretti, Sunseeker, Princess, Hatteras, Viking, Grand Banks and much more. Need assistance? Contact our experienced yacht brokers. We look forward to helping you find the yacht that's right for you.

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Best Yachts Under 5 Million: Yachts Available for sale

Finding a used yacht for sale under $5,000,000 that fits your needs can be challenging. There are many opportunities, sailing yacht, sailing or power catamarans, trimarans, motorboats across different lengths and featuring different options.

WI Yacht Luxury Team selected 5 great yachts in good conditions for sale under $5 million.

[Sold] NEEL 51 :  A loft with sails for less than 1 million

The trimaran NEEL 51 combines all the advantages of its predecessors: performance above all thanks to its three hulls, safety and great comfort on board. 

The Neel 51 won the “Multihull of the Year 2019” award at the La Grande Motte multihull boat show. 

This boat was built in La Rochelle by Neel Trimarans and launched in 2018. The Neel 51 trimaran is a great traveler, a family boat, and its maneuverability has been improved compared to other smaller trimarans models from Neel. 

Fully equipped and in very good condition this second hand yacht for sale is an opportunity to seize! 

This second hand trimaran features 4 guests cabins, with 4 bathrooms ; and 2 crew cabins and full options : 

Bow thruster, Generator, Watermaker, Heating, Main sail / Genoa / Staysail, Electric winches, Solar panels x8, Charts plotter, Radar, AIS, Charger, Inverter, Hifi Fusion, TV, Microwaves, Dishwasher, Large stainless steel fridge (2 drawers), Freezer, Washer dryer, Electric toilets, Lithium service batteries, Dinghy & outboard engine, ….

SEAWAY – SHIPMAN 80 IVANKA : a 2 million luxury sailing yacht

The Shipman brand produces luxury Cruising Yachts and performance Cruisers. Ivanka, Shipman 80 features excellent hydrodynamics of the hull and an elevating keel. Ivanka was delivered in 2010, and she offers exceptional performance in all conditions, with two rudder pens, offering easy handling of the yacht at high speed and on rolls.

She is an exceptional second hand sailing yacht second in very good condition and fully equipped. She features a carbon hoop that houses the main sheeting car, keeping the cockpit clear and she can be easily controlled by the owner himself, requiring a minimum crew to handle the yacht. She is fully equipped making her a perfect option for sailors featuring : Carbon hull, mast & boom, Standing rigging is Nitronic Rod, Hydraulic lifting keel, Fully laid teak decks, Reversible air conditioning, Generator 16kW, Bow thruster (hydraulic, retractable), Water maker, B&G 3000 displays, Simrad electronics (Charts plotters, Radar, AIS, Fleet 33 satcom, …), 1 Acer PC at charts table, 1 Dell PC in owner’s cabin, Full sails package, Hydraulic Harken winches, Well equipped galley (2 fridges, 2 freezers, Microwave, Dishwasher, …), Electric toilets, Entertainment (TV in saloon, TV in owner’s cabin, Central Böse Hifi & DVD player, Hifi in all cabins, …), 2x Inverters, Hydraulic gangway, Hydraulic swim platform, Williams dinghy 3.85m, …

CLAASEN JACHTBOUW – ATALANTE : a luxury sailing yacht for less than 4 million

Atalante is a luxury sailing yacht, built by Claasen Jachtbouw in the Netherlands, her interior design makes her a perfect cruising yacht. 

She has an aluminum hull and aluminum superstructure, giving her a gross tonnage of 126 tons.

In excellent condition, she has a double roof and double cockpit, allowing for a full width owner’s cabin aft, two guest cabins and a separate crew cabin forward, as well as a pilot berth aft.

Atalante was twice winner of the Hoek Design Cup (2012/2013), and finished second in 2013 Palma Superyacht Cup. Due to its excellent sailing performance and the comfort on board, she is the perfect yacht for charter and families willing to relax and enjoy the sea.

Her maintenance has been performed meticulously by a full-time professional crew, with significant refits being undertaken in 2014/15 followed by another good refit in spring 2019 which ensures the boat is in an excellent condition since her launch.

Lagoon Seventy 7 – L’AIR DU TEMPS : a luxury catamaran for less than 5 million

Unique second hand Lagoon SEVENTY 7 on the market. Why wait over two years to buy a brand new Seventy 7 catamaran, when you have a second-hand model that is already tried and tested on the water?

L’Air du temps is an owner version Lagoon 77 catamaran with 3 cabins including a master cabin, and 2 crew cabins with bunk beds. 

The famous owner’s suite features a hydraulic side door that transforms into a unique private teak platform with sea access. 

Launched in February 2019 in France, this catamaran is in pristine conditions and features full options : carbone canoe boom, complete spectra sails, electric, hydraulic opening hull door in master cabin, hydraulic aft platform, 2 Generators, Water-maker, Reversible air conditioning, Electric furlers for genoa and staysail, Carbone steering wheels, Complete electronic pack, Satellite communication and TV, 4G et Wifi connexion setc.

This catamaran is in pristine condition, no compromise to be expected.

If you are interested in one of these boats, upon request, the complete listing, and more than 200 additional pictures & videos are available. Our team will provide you guidance through all the steps of yacht purchase, and management program if you wish.

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20 Of The Best Boats Under $5 Million To Summer In Style

With major boat shows all but cancelled in 2020 due to Covid, the world’s best boat manufacturers have been itching to get their newest designs in front of eager buyers and open water enthusiasts – and where better do so than Cannes? Not only does the Cannes Yachting Festival showcase the best vessels that money can buy, but it also celebrates some of the best boats under $5 million, for those with pockets less deep than the billionaire attendees.

The Cannes Yachting Festival – which spans September 7-12 -features 450 motorboats and yachts up to 150 feet at the Vieux Port, with another 108 new launches in the sailing area, as well as 50 brokerage yachts, a ‘Luxury Gallery’ and a dedicated area for electric boats, multihulls, and sea-trials.

RELATED: Step Inside The 75m Kenshō: 2023’s Motor Yacht Of The Year

While the majority of attention will land on the likes of Benetti’s 37m Motopanfilo and 40m Oasis ‘Rebeca’ we featured last month, Cantiere delle Marche’s new Flexplorer ‘Aurelia’ , and Mangusta’s first 104REV , we thought we’d focus on boats for millionaires, not billionaires, and highlight some of the best boats under $5m. Versatile open spaces, minimal convertible decks, intuitive spaces, and expedition yachts, optimised for range, are all on-trend in 2021. Here’s our pick of the motor yacht and sailing yacht releases you need to know – just in case you can spare a few million one day. Not a few hundred million.

Bluegame BG72 – $5m

The Bluegame BG72 was designed by Architect Luca Santella as a cross-over of open and flybridge designs, championing performance, comfort, safety, and maneuverability. An enclosed forward pilothouse on the upper bridge offers the captain 360° visibility while maximising space towards the aft for multiple outdoor areas, arranged over three levels, with a flexible main deck providing space for additional entertaining and tender storage.

The saloon, with direct access to the beach club, can be optioned as a lounge or as a grand owner’s cabin, with a further five cabins dressed in Canaletto walnut wood and leather for a sleek and sophisticated aesthetic throughout. The Bluegame 72 is an exciting and progressive design for an owner who desires to lead, not follow. Check out the gallery at Simspon Marine .

ICE 70 – $4.13m

Extensive use of carbon fibre for the optimised hull, deck, and structures, ensures great rigidity and efficient performance, and comfortable cruising for longer journeys. A rear tender garage allows space for a 4.2m tender while an optional Cariboni telescopic lifting keel reduces draught from 4.3m to just 2.75m.

Sirena 68 – $3.9m

Turkish outfit Serina has used Cannes to debut their new Sirena 68 with a three + one cabin layout for an experienced owner-operator or small crew. The expedition-style flybridge cruiser features an open-living main deck with a kitchen, lounge, and dining space, encouraging free-flowing conversation and interaction for families who like to cook and relax together.

A generous bow features a large sun pad and casual dining set up with additional outdoor spaces outside the main saloon and on the flybridge, complete with a kitchenette and full-sized BBQ. At an economy cruising speed of 10knots, the Sirena 68 is capable of travelling over 1,200 nautical miles, which covers Sydney to Auckland on a single tank of diesel.

Grand Banks 54 – $3.7m

When it comes to building your dream boat, the question of how long is a piece of string is especially relevant – even more so when at Grand Banks. The manufacturer of sophisticated luxury cruisers hasn’t strayed far from the iconic Grand Banks aesthetic but has incorporated carbon and vacuum infusion throughout, reducing weight and adding to the strength, stability, and efficiency of the brand’s V-Warp Hull.

In the Grand Banks 54, speed and a soft ride unite in a meticulously appointed package, boasting elegant woodwork, ample storage, and clever uses of space. A two-stateroom configuration is ideal for cruising couples while a three-stateroom configuration can be optioned for owners who prefer a small crew.

Bering 70 – $3.68m

Turkish outfit Bering is packing serious value into their expedition-focused hulls, making it a serious contender in the list of best boats under $5 million. The debut model for Bering’s contemporary new coastal series, the 70 has been designed for extensive cruising boasting a rounded displacement hull with a shallow draft perfect for shallow waters.

Built of steel and aluminium – with a wheelhouse designed for utility and optimized for maximum viewability – there’s a real sense of being on a ship, seamlessly intertwined with clean modern interiors, functional food prep, and dining areas, and epic lounging spaces like the large sun pad on the bow. With accommodation for 6 guests and 2 crew and a huge range of 2500 nautical miles at 8 knots, the Bering 70 is a boat you could spend some serious time on.

Pershing 6X – $3.35m

With the Pershing 6X, the brand continues to push what they do best – speed. Her bold, imposing form will do 48 knots flat and cruise at 42 thanks to twin 1,550mhp MAN V12 1550 engines – perfect for jaunts from Sydney to Pittwater. A high-tech helm dominates the main deck saloon with doors that open onto a large rear lounge area and aft sun pad that continues the streamlined profile.

Downstairs are three guests cabins with three bathrooms and an additional shower room, with a single-person crew cabin and integrated bathroom near the cockpit. The bow features an expansive (and inviting) sun pad configuration, perfect for relaxed conversations and hot days in the sun.

Beneteau Grand Trawler 62 – $3.2m

Best known for their sailboats, Beneteau’s Trawler designs have been quietly gaining traction as more buyers prioritise comfort and range. Appropriately sized for eager owner-operators, the new ocean-rated Beneteau Grand Trawler 62 will cover 900NM and has been designed to maximize interior volume, across three or four guest cabins, for families that plan to spend lengthy stints onboard.

The impressive 31 sqm flybridge is one of the largest in its class and benefits from a guest-facing wet bar and retractable roof, as well as tender storage aft. An optional sliding door allows the main deck galley to be closed off, separating owners and crew, whose quarters are located in the concealed lazarette, alongside additional day heads and showers for post bathing.

Y Yachts Y7 – $3.1m

Relative newcomer YYachts was founded by Hanse Yachts founder Michael Schmidt in 2015 with a mission to develop yachts ahead of their time, focusing on builds between 60 and 100 feet in length – where owners communicate their vision directly with the shipyard. Cannes sees three YYachts in attendance, with the smallest Y7 presenting incredible value for what is essentially a scaled-down superyacht, you can sail with ease.

Her contemporary exterior continues into the open plan saloon and three or four cabins, screaming modern apartment rather than a sailboat. An aft deck hatch raises on struts to reveal a garage for a 3.45m RIB and toys that remains watertight when the swim platform is lowered. The level of innovation, tech, and style – for the price – will have prospective buyers swooning over YYachts for many years to come.

Nautor Swan 58 – $2.97m

A brand new number for Nautor Swan, the 58 presents the perfect fusion of safety, comfort, and autonomy in a bluewater cruising yacht, with no more than a couple on board. Designed with both performance and pleasure in mind, the German Frers designed 58 utilises a long coach roof, large windows, and hatches to enhance the feeling of space inside, while a new cockpit design with twin tables connects to form a 10-seat dining table for entertaining larger groups, complemented by an easy access swim platform.

The standard layout offers three guest cabins and three heads, with the possibility to add a guest/crew cabin amidships and an extra crew cabin with heads and a sink in the forepeak. The forward cabin provides owners with a proper suite where they can enjoy some privacy.

The brand also used the show to reveal its first motorboat, the Swan Shadow, which has been designed as a hybrid chase, tender, and day boat.

Pardo E60 Endurance – $2.96m

Perhaps the most interesting addition to this list, the E60 Endurance arrives from Italian sail-turned-dayboat specialists Pardo. With an unforgettable hull, opposing a trawler-style forward-angled window, this modern expedition interpretation boasts high bulwarks for ocean-going safety with incorporated terraces that can be lowered while moored or anchored, converting the aft deck into a giant beach club. The result is a versatile cruiser providing owners with the best of both lifestyle and exploration worlds boasting a range of 750 nautical miles.

Like a typical Italian home, the kitchen is at the heart of the E60 Endurance welcoming guests the moment they step onboard, at one with the outdoor entertaining space. Contemporary interiors not only complement the boat’s dramatic profile but create a serene sense of calm in the full-beam owner’s suite, with a VIP forward and a twin room for family or guests. For many, the E60 Endurance will present as the perfect mix of substance, style, and price.

Absolute 60 Fly – $2.9m

Flying under the radar is Absolute’s revolutionary new 60-foot flybridge, which makes minor tweaks to past and conventional designs to achieve major results in terms of space and layout. By bringing the deckhouse forward they’ve created a voluminous main saloon and kitchen, benefiting from huge windows that run from the windshield to the stern, finishing with a grand aft cockpit and monster swim platform.

The owner’s suite is located in the bow, elevated above the waterline, more secluded and quieter than comparable 60-footers with full-beam masters amidships. A further two cabins are offered for guests with crew accommodation for 2 accessible from a pantograph door camouflaged in the transom.

Privilege Signature 510 – $2.44m

Cats might not be for everyone, but at a price point such as this, you’ll have even the most season monohull loyalists turning their heads. The new Privilège Signature 510 has a striking design, with elegant flush hatches and enlarged deckhouse windows for 360-degree views. It features the largest owner’s cabin in its class, set between the hulls ahead of the deckhouse and with a private companionway from the saloon – a far more interesting layout than its larger 580 sibling.

The new Privilège Signature 510 bluewater sailing catamaran is designed for long-distance cruising and promises the perfect blend of luxury, space, and seaworthiness.

Azimut 53 Flybridge – $2.23

Designed in a simple yet striking black and white – playing positive against negative surfaces – the Azimut 53 Flybridge is optimal weekend boating in a package that’s both affordable and not too overwhelming. The cabin space across its three decks speaks for itself, but it’s the cutting-edge marine engineering that’s worthy of your attention. A double Volvo IPS propulsion system is installed on the hydrodynamic hull shape to offer superior maneuverability, minimum noise, and little vibration.

If you want a skipper, there’s a dedicated cabin for them at the rear. But regular punters are more than capable of piloting the Azimut 53 Flybridge on their own. Intelligent joystick driving with autopilot offers both precision and peace of mind, Garmin’s integrated control system keeps you across all the important information and active trim controls basically do the job for you. A smooth ride with trouble-free handling gives you more time to enjoy the layout of this spacious weekender.

Solaris 60 – $1.6m

The Solaris 60 was inspired by the idea of creating a Mini-Maxi – a new high-performance sailboat for Solaris that will influence the boat builder’s nautical design for the next ten years. The main innovation of the Solaris 60 is the cockpit thanks to its full-width steering wheels.

You can steer the boat without the intrusion of the sprayhood and the jib’s luff is always completely left insight while sailing. Not too big that it’s tough for two people to manage – and not too hefty on the wallet either – the Solaris 60 impresses as much on deck as it does in its ultra wide-beam cabin.

Cranchi A46 Luxury Tender – $1.12m

Any functionality or amenity you could ever ask for on a day boat can likely be found aboard the Cranchi A46. For starters, the entire perimeter of the yacht can be traversed safely on walkable gunwales, without anyone ever having to encounter obstacles. The galley corner is equipped with a stove, sink, refrigerator, and ice machine to enjoy happy hour or meals.

A table is located aft of the bar, offering spacious seating on both sides, and the hard-top roof features a blade system that can be opened in just a few seconds to allow for cuts of light and shade to permeate through the entertaining area. If this wasn’t enough, the bulwarks (sides of the hull towards the rear) can be opened with an electric mechanism to considerably extend the surface area of the cockpit by way of the two terraces jutting out over the water.

Invictus TT460 – $1.1m

Invictus’ TT460 is striking on a number of levels, but it’s the wave-like T-top connected to the windscreen that perfectly protects those in the helm chairs that earned our attention. Made for long sunny days at anchor, The TT460 invites those aboard to exploit the ample deck and dining space on the main deck, and the builder’s trademark gentle reverse sheer bow and beautifully soft lines never get tiresome to look at.

There’s an option to have an open-plan arrangement down below or configure the cabin space with two separate berths – a compelling offering on a boat of this style. A pair of 480 horsepower IPS650s are getting the job done under the waterline, propelling the vessel to a top speed of 35 knots.

Solaris Power 44 – $876k

Solaris’s Power 48 Open was awarded European Powerboat of the Year in 2020, so the inevitable arrival of its smaller sibling was welcome news to fans of the brand – never before has a 44-footer offered so much bang for buck. Some would say the Power 44’s unmistakable design features lines that are more akin to a supercar than common naval architecture often seen on the water.

It might look like the goods, but its expert engineering emphasizes supreme navigation and seaworthiness. In particular, low noise, power consumption, and emissions, for one, but the starry bow, in particular, ensures the boat and its occupants remain dry no matter the conditions.

De Antonio D50 Open – $707,000

The D50 Open from De Antonio has your attention, and rightly so. This advanced island hopper not only looks fantastic but will get you to your swimming spot of choice in record time thanks to its maximum power output of 1800 horsepower and a top speed of 50 knots.

It can be ordered with 2 or 3 cabins, and likewise, you can opt for either two or three bathrooms. The two standouts of the D50 Open are the hydraulic swim platform at the rear and optional 2.5-metre saltwater Jacuzzi at the bow – both of which will be the envy of any yachtsman with a soft spot for entertaining.

Pirelli 35 – $620,000

Designed by the Swedish studio Mannerfelt and built by Tecnorib , the Pirelli 35 is a walkaround speed demon with a double-step hull and gritty lines. It’s available both in outboard and sterndrive variations for those looking for a safe, yet exciting and adrenalin-filled scoot around the Med.

A well-sized bow sundeck and a generous stern sunbathing platform with an adjustable backrest maximise the real estate on offer, while other onboard amenities include a double cabin, a three-section entertaining table, space for a BBQ, drawer fridges, and a sink. Its modern, sporty character and great attention to detail make this a day boat that needs to be considered, as are the wide-ranging customisation options on offer.

X-Power 33 – $441,000

Last but not least, the year 2021 marked a turning point for the Danish manufacturer, X-Yachts, with the launch of its first motorboat, the X-Power 33 C. This 10.2m day boat is infinitely more spacious than might be first thought. There are 3 pilot seats and 8 cockpit sofa seats, with a pantry, burner stove, and two 30-litre drawer fridges behind the wheelhouse for easy-access entertaining up top.

Below deck, you’ll find a toilet with shower facilities, as well as a spacious sleeping cabin for two people. Scandinavian markets might opt to ditch the optional carbon hard-top for maximum sun, but in Australia, you’ll be pleased to know this can also be completed with an integral hood to close out the area entirely from the scorching summer sun if desired. And despite being the most affordable option on this list, it still has an admirable 370 HP Yanmar inboard engine and bow thruster to boot.

Best Boats Under $5 Million – Frequently Asked Questions

What is the most luxury boat under $5 million.

The most luxurious boat under $5 million is the Bluegame BG72 designed by Architect Luca Santella.

What is the safest boat?

All the boats we have listed in this round-up are incredibly safe from the Bluegame BG72 to the X Power 33.

Are bigger boats safer?

Yes, bigger boats are generally safer because they have enclosed spaces and a wider beam, meaning better stability on the seas.

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Used Yachts for Sale Between $1000000 and $1500000

If you're looking for a pre-owned yacht for sale between $1 million and $1.5 million, SI Yachts has the expertise to assist you in choosing the perfect boat for your requirements. Whether heading offshore to hunt for billfish or cruising the east coast, there are many options available on the yacht brokerage market. This is where the personalized customer service and knowledge our team proves valuable to you as the customer.

Boats for sale under $1.5 million dollars online include brands like Azimut Yachts , Bertram Yachts , Ferretti Yachts , Galeon Yachts , Hatteras Yachts , Prestige Yachts , Sea Ray , Sunseeker Yachts , Viking Yachts , and more! From New York, to Florida, and beyond, SI Yachts can assist you in the purchase or sale of a boat under $1.5 million. We look forward to earning your business! Contact us today at [email protected] or by calling one of our convenient locations . SI Yachts are also Licensed Florida Yacht Brokers.

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The CEO of Jefferies Just Sold $65 Million in Shares to Buy a Yacht

Rich handler is reportedly taking over a boat from billionaire tilman fertitta., tori latham, tori latham's most recent stories.

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Rich Handler is preparing to cruise the high seas.

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Handler offloaded 1.5 million shares at the price of $43.50 each, Bloomberg noted—about 7 percent of his aggregate holdings. Following that sale, he now owns some 19.25 million shares in Jefferies, which he has accumulated during his 34 years at the company. Along with the yacht, Handler will use the profits from the recent sale to pay tax obligations.

As for his new vessel, Handler is reportedly buying the boat from his friend and Jefferies client Tilman Fertitta , a person familiar with the transaction who asked to remain anonymous told Bloomberg. Fertitta, who’s worth $11.8 billion, is best known for operating the Golden Nugget casinos and owning the Houston Rockets. His relationship with Handler stretches back years, and he even spoke with Bloomberg about the Jefferies CEO back in 2021. (Notably, Fertitta mentioned that he had recently hosted Handler on his yacht—perhaps the same one Handler is now taking possession of.)

“When we’re sitting around at night and talking and I think Rich is getting too big for his britches just because he’s worth a billion dollars now, I pull out my financial statements and put him back in his place,” Fertitta said at the time.

The two businessmen have also collaborated on their own companies: Eight years ago, their Landcadia Holdings went public, Bloomberg noted. And their Landcadia Holdings III merged with a hardware supplier to become Hillman Solutions. Now, with the yacht transfer, they seem to be working together on a deal of a more personal nature.

Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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Jefferies CEO sold $65 million in stock to buy a yacht from a client

• Jefferies CEO Rich Handler sold $65 million in company stock to buy a luxury yacht.
• He's said to be buying a Westport 164 from his friend Tilman Fertitta, a Jefferies client.
• Handler said on Wednesday that he wasn't planning any more stock sales.

Jefferies CEO Rich Handler sold $65 million of his stock in the company to buy himself a gift — a luxury yacht.

Handler sold 1.5 million shares , or 7% of his holdings, to purchase a "personal boat and to pay tax obligations," the investment bank said in a Wednesday statement.

"My sale of shares today was a gift to myself and my family, and I do not intend to sell any further shares," Handler said in the statement. "I remain extremely bullish on Jefferies."

Related stories

A source told the Financial Times the boat was a Westport 164 yacht and was being purchased from Handler's longtime friend Tilman Fertitta, a Jefferies client.

Fertitta is the billionaire CEO of the hospitality company Landry's and owns the Houston Rockets, an NBA team. The two men jointly own Landcadia Holdings, a blank-check company.

Jefferies said in the statement that Handler, who's been with the bank since 1990, had received about 70% of his pay in the form of company shares. The bank said he'd previously sold shares only for tax purposes and charity.

Jefferies didn't immediately respond to a request for comment from Business Insider.

Investors often view executives' stock sales as signaling a lack of company confidence, so any sales are carefully messaged.

In October, JPMorgan Chase CEO Jamie Dimon said he would sell 1 million of his 8.6 million shares, his first sale since becoming CEO in 2006. The filing announcing the planned sale said that Dimon chose to sell the stocks "for financial diversification and tax-planning purposes" and that he "continues to believe the company's prospects are very strong."

Dimon sold the first of the sets of shares in February for $150 million and sold the remainder earlier this month, pocketing $183 million in total proceeds.

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How Jerry Seinfeld Spends His Incredible $950 Million Net Worth

• Jerry Seinfeld lavishly spends his $950 million net worth on his children's education and a vast car collection.
• The comedian made millions from Seinfeld syndication deals and continues to earn from stand-up comedy shows.
• Seinfeld expands his portfolio with real estate properties, a yacht, and a Netflix show based on his love for exotic cars.

Jerry Seinfeld has lived the major part of his life earning huge amounts of money from syndication deals for his blockbuster 90s Sitcom Seinfeld and other stand-up comedy gigs. Having maintained the status of the “highest paid comedian in the world” for over a decade, Seinfeld has proven to be a master of the game in the world of comedy.

Jerry Seinfeld has an estimated net worth of $950 million , but the way and manner in which he chooses to spend his wealth is quite fascinating. This article will expose all there is to know about how Jerry Seinfeld spends his incredible net worth, how he made it and peak into what he does now.

How Jerry Seinfeld Spends His $950 Million Net Worth

Jerry Seinfeld's kids have so far been the major beneficiaries of his $950 million net worth . He spent most of his Post-Seinfeld life with his wife and kids and the wealthy comedian made sure to lavish his children with his wealth.

Jerry Seinfeld's kids grew up in luxurious homes and had access to the best education. His daughter, Sasha, schooled at Chapin, a renowned expensive all-girls private school in NYC. The tuition fee of this school as of 2023 was pegged at $60,000. After high school, Sasha went on to attend another highly-prized private university in North Carolina , Duke University.

Jerry Seinfeld's One-Episode Girlfriend On Seinfeld Surprisingly Had A Higher Net Worth Than The Actor In Real-Life

Similarly, Jerry Seinfeld's son, Julian, also benefited from a high-quality education, attending an expensive private school before following his sister's footsteps to Duke University.

According to Hot Cars, Jerry Seinfeld possesses a diverse collection of cars valued at approximately $50 to $150 million, with a particular fondness for Porsche vehicles. He holds his car collection in high esteem, evident by the construction of a $1.4 million cutting-edge, two-story convertible garage in Manhattan to accommodate them. Despite facing criticism for what some deemed an extravagant decision, Jerry Seinfeld remained unfazed by others' opinions, firmly valuing his personal passion above external judgment.

His garage reportedly shelters around 150 rare car models, representing a substantial portion of his net worth. Among Jerry Seinfeld's notable collections are a 1964 Volkswagen Camper "Ez Camper" conversion, 1957 Fiat 500, 1958 Porsche 356A Speedster, 1964 Aston Martin DB5 Coupe, 1955 Porsche 550 RS, and various other coveted vehicles.

In 2016, Jerry Seinfeld was said to have downsized his fleet of cars due to insufficient parking lot and lack of adequate time to take care of some of his highly prized Porsche models, by putting up 16 of the cars for sale to the highest bidder. He earned $22 million from selling 15 out of the 16 cars. Just like his impressive car collections, Jerry Seinfeld is said to have spent some huge bucks on some expensive shoe collections.

In 2015, Jerry Seinfeld expanded his portfolio with the acquisition of a 138-foot yacht named "MOKA," requiring an annual operating cost of $1-2 million. With accommodation for 12 guests in 6 cabins and 9 crew members in 3 cabins, MOKA provided lavish seafaring experiences. However, after just four years, Seinfeld parted ways with the yacht in 2019, selling it for an estimated $25 million.

• Jerry Seinfeld was born in 1954

Jerry Seinfeld's extensive real estate portfolio spans the United States and constitutes a significant portion of his net worth. Among his notable properties are a sprawling 12-acre oceanfront estate valued at $32 million in East Hampton, a luxurious $4 million townhouse nestled in Manhattan, New York City, and a picturesque 27-acre estate in Telluride valued at $7.5 million. Jerry Seinfeld also donates to charity an estimated 4-5% of his earnings each year .

How Jerry Seinfeld Made His Huge Net Worth

Jerry Seinfeld earned the majority of his money from the Sitcom Seinfeld, which he co-created alongside Larry David and acted as the lead character, Seinfeld.

The Sitcom grew to be one of the most profitable Sitcoms ever created in terms of syndication royalties. Seinfeld and Larry own 15% of the show's backend equity points, which has raked in millions of dollars every year. While the show was actively on, Jerry Seinfeld earned an impressive salary in the years after the show ended.

In September 2019, Netflix paid a whopping $500 million to Jerry Seinfeld and Larry David to acquire digital rights for the show, Seinfeld, for a period of 5 years. Between 1998 and 2013, the sitcom generated $3 billion from syndication sales, and Jerry Seinfeld got a percentage from each sale.

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Another Netflix deal came knocking on the door of Jerry Seinfeld in 2020. He was paid $20 million by Netflix for the exclusive rights to his special 23 Hours To Kill stand-up comedy show.

Whether Jerry Seinfeld goes on a promotional tour or not, he's sure to earn about $20 - $50 million per year from his Seinfeld syndication. And when he goes on a tour, he's sure to make about $20 million.

What Is Jerry Seinfeld Doing Now?

Life post the show Seinfeld has been incredibly amazing for Jerry Seinfeld . He has hosted events like the special Don Rickles: One Night Only at the Apollo Theater, which had in attendance, David Letterman, Jon Stewart, Nathan Lane, and several others. Jerry Seinfeld has also made guest appearances on Saturday Night Live’s 40th Anniversary Special and David Letterman’s Final Late Show Episode.

Jerry Seinfeld has also written, produced, and acted in several movies, like The Marriage Ref, Curb Your Enthusiasm, and Unfrosted: The Pop-Tart Story. In 2020, he also authored the book, "Is This Anything?"

While spending a huge part of his wealth on cars, Jerry Seinfeld found a way of earning more money from his flair for exotic rides. This flair led him into basing an entire Netflix show around his car collection.

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The show called Comedians in Cars Getting Coffee features high-profile personalities going on a coffee-infused ride with him, in one of his exotic cars. Some notable personalities who have been featured on the show include Barack Obama, Chris Rock, Eddie Murphy, and Will Ferrell.

It's one thing to be wealthy, and another thing to know how to judiciously spend the wealth acquired. The way and manner Jerry Seinfeld spends his net worth has proven that he's not just a comedian, but a man of class and great taste.