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5 mins read

Billionaires are getting ready for summer with wildly spectacular superyachts

Superyachts, which can cost massive amounts, are the ultimate billionaire status symbol. From water…

Madeline Berg   


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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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3 mins read

Dozens of sanctioned superyachts seized from Russian oligarchs still hang in limbo, racking up millions in maintenance

Superyacht maintenance can cost over $100 million annually — without proper care they could d…

Grace Kay,Sam Tabahriti   


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5 mins read

Claire Turrell   


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1 min read

Huileng Tan   


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2 mins read

I charter superyachts in Dubai. We're seeing more Russian clients, but they're not partying like they used to.

Carol Liew is a partner at Dutch Oriental, a super- and megayacht company. She says there are more …

Natalie Hore   


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2 mins read

Untrained crew on $700 million superyacht linked to Vladimir Putin watched instructions on videos: report

The Scheherazade has been linked to the Russian president and its crew were members of the Russian …

Sam Tabahriti   


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1 min read

Tracking signals from a Russian oligarch's $150 million yacht are still turned off after 5 days sailing towards the Bahamas, data shows

Leonid Mikhelson's yacht was last located on May 8 in the Caribbean Sea heading towards the Bahamas…

Kate Duffy   


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1 min read

A $700 million superyacht linked to Vladimir Putin has refueled after undergoing repairs in Italy and could set sail any day, a report says

The Scheherazade was refloated Tuesday after nine months in dry dock, The New York Times reported.

Kate Duffy   


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3 mins read

Yacht sales are dropping as negative press tied to sanctions against Russian oligarchs leaves potential buyers leery, experts say

"The entire industry is trying to figure out how to clean up the image," Marcela de Kern Royer, a r…

Grace Kay,Sam Tabahriti   


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2 mins read

The mother of a superyacht captain says her son would not knowingly work for Vladimir Putin, who is rumored to own the vessel

The mother of the British captain of the superyacht told The Telegraph he would not knowingly work …

Sam Tabahriti   


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2 mins read

US intelligence officials believe a $700 million superyacht that's docked in Italy could belong to Russian President Vladimir Putin, reports say

US officials have not yet concluded who owns the superyacht but said they found initial indications…

Zahra Tayeb   


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1 min read

Dramatic video captures the moment a massive 40-meter superyacht sank off the coast of Italy

The Italian Coast Guard had to rescue nine people from the sinking ship off the coast of Catanzaro …

Erin Snodgrass   


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1 min read

A $700 million luxury superyacht linked to Putin was seized by Italian authorities

The yacht, called the Scheherazade, appeared ready to set sail early this week after it was refloat…

Hannah Getahun   


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2 mins read

A superyacht linked to Vladimir Putin was a Christmas present from oligarchs, Russian opposition website claims

Funds for the Scheherazade, thought to be controlled by the Russian president, were gathered by bus…

Sam Tabahriti   


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1 min read

Kate Duffy   


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2 mins read

European authorities are trying to track down the owner of a superyacht nicknamed 'Putin's yacht' by locals

The owner of the Scheherazade has remained a mystery thanks to confidentiality and non-disclosure a…

Rebecca Cohen   


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2 mins read

The US justice official in charge of seizing Russian assets breaks down the capture of an oligarch's $90 million superyacht

The US was "in some ways lucky" the vessel was moored in Spain, the director of the inter-agency Kl…

Grace Dean   


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Video shows the US making its first seizure of a Russian oligarch's superyacht, the $90 million 'Tango' docked in Spain

The US seized its first yacht on Monday after imposing several sanctions against Russian billionair…

Grace Kay   


Hillary Hoffower