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2 mins read

The long tale of the yacht linked to a Russian oligarch and abandoned in the Caribbean for more than 2 years finally draws to a close

A European buyer bought the 267-foot yacht, ending two-year saga involving ex-Google CEO Eric Schmi…

Lian Kit Wee   


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2 mins read

Superyacht sales surge thanks to wealthy Americans amid Russian oligarchs' retreat

A total of 203 superyachts were sold globally in 2023 — a 17% drop from last year, according to the…

Geoff Weiss   


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2 mins read

Russia's war economy is so hot that at least 12 of its oligarchs received $11 billion in dividends over 15 months

The biggest winners from the dividend payouts were commodities exporters, Bloomberg reported.

Huileng Tan   


Business Insider Latest Story Image
4 mins read

Insiders still have no idea what's going to happen to Russian oligarchs' seized superyachts

Russian oligarchs' superyachts seized as part of sanctions resulting from Russia's Ukraine invasion…

Madeline Berg   


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1 min read

A Russian oligarch's megayacht seized by the US is costing taxpayers a fortune, and the government is desperate to sell

US officials say the $300-million Amadea is owned by Suleiman Kerimov, a sanctioned Russian billion…

Pete Syme   


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1 min read

Judges just unsanctioned 2 Russian oligarchs worth almost $20 billion

A top European court found there was insufficient evidence that Mikhail Fridman and Petr Aven had b…

George Glover   


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2 mins read

A pro-Kremlin oligarch's impounded yacht is being auctioned off — with the money going to Ukraine

The Royal Romance, owned by Viktor Medvedchuk, would be the first seized asset sold to help fund Uk…

Thibault Spirlet   


Business Insider Latest Story Image
1 min read

The US wants to auction off an oligarch's seized $300 million yacht that's been racking up $600,000 a month in maintenance

Another Russian oligarch — who hasn't been sanctioned — claims to own the yacht and wants the ship …

Huileng Tan   


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2 mins read

Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.

Eric Schmidt backed out of buying the Alfa Nero megayacht last year and instead purchased the Shahi…

Madeline Berg   


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5 mins read

A teen posing as an oligarch's son mysteriously jumped to his death after befriending a gangster and a crypto millionaire

New evidence is emerging in the death of Zac Brettler, a 19-year-old who jumped from a fifth-floor …

Mikhaila Friel   


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2 mins read

The US wants a Russian oligarch's seized $300 million superyacht that features an infinity pool, a movie theater, and a helicopter landing pad

US attorneys filed legal papers to have the seized superyacht they say is owned by sanctioned Russi…

Paul Squire,Hannah Getahun   


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20 mins read

Ukraine needs $1 trillion to rebuild. The country's oligarchs plan to loot it.

Insiders fear that under Andriy Yermak, Zelensky's right-hand man, Ukraine's influx of foreign aid …

Paul Starobin   


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3 mins read

Billionaires like Jeff Bezos and Steve Jobs are spending six figures a year maintaining their superyachts. Here's why.

The cost of a superyacht isn't just the purchase price. Billionaires spend tens of millions a year …

Madeline Berg   


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2 mins read

A Yale professor is slamming Bill Ackman's campaign against Harvard, calling the billionaire investor an 'odious' oligarch

"Time to stand up to people like him. He's odious," said Yale public health professor Gregg Gonsalv…

Kwan Wei Kevin Tan   


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3 mins read

Underwater superyachts? A CEO is pitching fantastical ships that can go 800 feet down and stay submerged for weeks

The Migaloo M5 concept involves a 540-foot base-model submersible superyacht that could keep its we…

Mia Jankowicz   


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1 min read

Take a closer look at Russian oligarch's $700 million superyacht that is one of the largest in the world

Abramovich's 553-foot-long flagship is The Eclipse, estimated to have cost $700 million when built.…

Cork Gaines,Taiyler S. Mitchell   


Business Insider Latest Story Image
1 min read

Antigua and Barbuda is preparing to auction off an 'abandoned' $81 million superyacht linked to a Russian oligarch, reports say

The Alfa Nero has been linked by the US to Andrey Guryev, a Russian oligarch said to be a "close as…

Marielle Descalsota,Kate Duffy   


Business Insider Latest Story Image
1 min read

A Russian oligarch's $300 million seized superyacht must sail out of Fiji waters because it's a waste of money for government to maintain, court rules

Suleyman Kerimov's yacht is now in the hands of US authorities, Fiji said. The US estimates the ves…

Kate Duffy   


Business Insider Latest Story Image
2 mins read

Russian oligarch's $300 million superyacht hides in plain sight in UAE's neutral waters, avoiding sanctions

The United Arab Emirates has been publicly neutral over the war in Ukraine and offered Russian olig…

Sam Tabahriti   


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2 mins read

A $120 million superyacht linked to a sanctioned Russian oligarch has appeared in Antigua more than 2 months after turning its tracking off

Alfa Nero's tracking system has been turned off since March 3 – just before purported owner Andrey …

Grace Dean