Wealth-X, which compiles data on ultra-high-net-worth citizens worldwide, confirms what we’ve known for years. Megayachts make the most popular luxury assets. In a new Wealth-X report, eight of the top 10 luxury-asset acquisitions of all time are megayachts.
Wealth-X’s top 10 list, with the most expensive megayachts worldwide, is:
1. Azzam (above), just delivered by Lürssen this year, valued by Wealth-X at $627 million
2. Lanai, a private island in Hawaii, valued at $500 million
3. Eclipse, buit by Blohm+Voss and deemed by Wealth-X to be worth $485 million
4. Serene (below), commissioned at Fincantieri, valued at $330 million
5. A, another Blohm+Voss build, valued by Wealth-X at $323 million
6. (tie) Dubai and Pelorus, both assessed at $300 million
8. (tie) Radiant and a private residence in Monaco, both worth $286 million according to Wealth-X
10. Dilbar, which Wealth-X believes is worth $263 million
You may be wondering how Wealth-X compiled these figures, especially for the most expensive megayachts. After all, neither new-build nor brokerage sales contracts are public records. Therefore, you could argue that Wealth-X is not necessarily right. But, Wealth-X is not necessarily wrong about the most expensive megayachts, either. It says it uses a proprietary methodology to evaluate both public and private assets. Consider that banks, family offices, and others with vested interests in ultra-high-net-worth consumers work with Wealth-X. The research firm therefore strives for data as accurate as possible.
In addition, Wealth-X’s 3rd Global Wealth Report, created with UBS, contains figures in line with those of other research firms. For example, the report states that 200,000 people worldwide have an ultra-high-net worth of $30 million or more. Of them, about 65,500 are in the United States, about 58,000 are in Europe, and 44,500 are in Asia. Furthermore, the report finds, over the past year, the top three expenditures for the world’s ultra-wealthy were art, aviation, and yachts. They spent $13 billion on yachts alone.
Getting back to the most expensive megayachts, consider the LOAs. Azzam comes in at 590’6” (180 meters). Eclipse measures 533 feet (162.5 meters), while Serene is 440 feet (134 meters). Even the so-called smallest megayacht on Wealth-X’s list, Dilbar, is 360’9” (110 meters). Any reasonable person can conclude that they each cost a pretty penny.
Most expensive megayachts or not, Azzam, A, Dubai, Dilbar, and the others make for great conversation among yachting aficionados and newcomers alike.