Saturday, March 05, 2016

The Toys of the Rich

Super-yacht sales were up 40 percent from 2014 to 2015, according to the Knight Frank Wealth Report. Defined as yachts longer than 78 feet by Knight Frank, super-yachts are extremely expensive not only to purchase but also to operate. Kitty McGowan from the United States Superyacht Associationestimated the annual cost for operating a 180-foot yacht was $4.75 million.


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