how rich do you have to be to be able to afford a megayacht/superyacht?
I'm thinking ball park figure ~$100m net worth ... but I could be wrong. Looking to open a dialogue on this with the folk on WSO
Megayacht requires you to be mega rich. Superyacht requires you to be super rich.
This may shock you, but there is a huge variety of boats that any of us would consider a megayacht. I've heard the rule of thumb is that whatever the sticker price, the annual running costs are 10% without factoring in fuel. So... if you want one of the yachts you see in the background of the Monaco Grand Prix, you're probably talking several times your number, maybe even an order of magnitude. Because googling a $10mm yacht does not show me what I would consider to be a megayacht (which I think has a technical definition).
A “mega yacht” is minimum $100M imo. As mentioned above, huge variability when it comes to the toys of the super rich. There are billion dollar yachts nowadays that have laser defense systems.
You have to be worth several hundred million to justify owning a mega yacht imo. They’re usually rented out anyways, but you have to have the money to eat the cost when it’s not in use.
Go back to memorizing the M&I 400 guide, man
If you have to ask the price, you can't afford it - J. P. Morgan
3 constants in life:
Death, taxes, and interns/prospects/An1s asking about lifestyle with $100M+ like it’s just a number.
10% rule
If your net worth is $1000 million, you can afford a $100 million yacht.
Realistically though, at that level, the numbers really break down. A person with $1bn could spend almost half that on a yacht and still live almost the exact same lifestyle otherwise.
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