Following his election as president of the United States, Donald Trump, valued at $3,1 billion by Forbes himself, has appointed what has historically become the wealthiest cabinet ever in existence in the United States. Whilst their effect on politics and policy is the subject of many international debates, their interests in yachting tend to be less talked about but remain no less fascinating.
In his former life as a billionaire businessman, Trump not only owned an 86m superyacht and owned a shipyard for a brief period of time, he also ordered the world's largest yacht, although it was never completed. Meanwhile, US Secretary of Education, Betsy DeVos, with a net worth estimated at $1,5 billion, and her family have been linked to no less than 13 yachts over the years.
In 1980, the late Saudi businessman and arms dealer, Adnan Khashoggi took delivery of the 86 meter (282 ft) Nabila. Built by Benetti in Italy, she became the 8th largest yacht in the world and appeared in the 1983 James Bond movie, Never Say Never Again.
When Khashoggi, however, ran into financial problems, the Sultan of Brunei took possession of the yacht to cover one of his loans. The Sultan quickly flipped the yacht to Donald Trump for a reported $29 million in 1987. In an interview in 1988, Trump said he received a $1 million discount for agreeing to change the name from Nabila, Khashoggi's daughter.
Khashoggi probably spent $200 million building this yacht, probably the best yacht ever built. I purchased it for a business. I use it for my hotels. I use it for a lot of different charities.
After acquiring Nabila, Trump renamed the yacht to Trump Princess and had it refitted by Holland-based, Amels for a near $10 million according to the LA Times. The H on the helipad was also changed to a T to stand for Trump.
Spread into over 100 separate areas over five decks, Nabila was without a doubt one of the most complex yachts of her time. With luxurious materials including onyx used for her interior, the yacht was also ahead of her time from a technological standpoint. Remote controls were installs next to the bed for shades, room service, and the entertainment center.
Amongst the yacht's main feature was a hair salon with 3 separate chairs, a sauna, a private elevator for the owner, one for guests and one for the crew, a 2.4-meter in diameter spa pool with a waterjet behind bulletproof glass. Whilst still owned by Khashoggi, many arms deals were signed onboard the yacht.
In June 1989, Donald Trump announced that he would build a larger yacht, "something in excess of 400 feet long, closer to 500 feet" as he told Newsday and that he was accepting bids from yacht builders for this project. Amels, then owned by a group of 4 British investors, secured the deal to develop the 128-meter Trump Princess II according to NRC.
In May 1990, it was announced that Trump bought Amels altogether. At a press conference in Makkum in 1990, Jeff Walker, VP of Trump's investment empire, denied that the shipyard was sold due to the previous owner's financial difficulties, which some have said, resulted from Trump canceling the construction of the Trump Princess II.
In September 1990, two months after the acquisition, Trump sold Amels to American businessman, Peter Kutell according to Deseret News due to financial problems. At the same time, the Trump Princess was put up for sale and all work on the Trump Princess II stopped. In 1991, Trump Princess was sold to Prince Al-Waleed for $19 million who renamed the yacht to Kingdom 5KR.
The superstructure for Trump Princess II allegedly remained at the Amels Makkum facility until summer 2001 when it was eventually removed. According to sources familiar with the matter, the superstructure is still parked at the Makkum facility, now owned by Feadship De Vries and reportedly sometimes used as a bike parking space.
Although Trump never came back to yacht ownership, other members of his cabinet remained involved in the space to this day. Betsy DeVos, US Secretary of Education, and her husband have a combined net worth valued at $5,1 billion. Amongst their long list of assets are no less than 10 yachts and reportedly an interest in the shipyard that built them.
Delivered in 2008 by US shipyard, Westport, Seaquest measures 50 meters (162 ft) and was designed by Donald Starkey. Reaching a top speed of 24 knots, she is part of the Westport 164 series. Interestingly, she's also not the only Westport 164 linked to the DeVos family as the 50-meter Legacy is also reportedly owned by the family.
Delivered in 2011, Legacy is a slightly updated version of the Seaquest. According to the media, the DeVos family has a solid preference for Westport yachts, having reportedly owned several of them in the past years. In fact, the family may even have acquired a stake in the US yacht manufacturer according to SYF.
Amongst the Westports linked to the DeVos is a Westport 112 from 2003 and a Westport 130 from 2005. Their fleet also includes an 85ft Pacific Mariner ( a brand owned by Westport) called Sun Quest. Additionally, an 80ft Hatteras called Kitsune can also be found in their fleet according to the media.
Although the DeVos fleet may already sound expansive as it is now, the family hasn't always been buying Westports and went through a number of other yacht shipyards as well. One of these superyachts was the 53-meter sailing yacht Independence, delivered by Italian shipyard, Perini Navi in 1998.
The yacht has since been sold, renamed to Jasali II and made available for charter from €138,600 per week. Accommodating up to 10 guests in 5 cabins, she stretches over a beam of 11.4m and can cruise at up to 12 knots.
Prior to their long run with Westport, the DeVos have reportedly owned no less than five Feadships according to SYF, all of which have been named Enterprise. The first to qualify as a superyacht would become Enterprise II, a 116ft Feadship delivered in 1970 now known as Utopia II.
Although from a different era and with different standards, in the 1970s, Utopia II was a true superyacht for its time. Amongst her classical feature are a round aft with an open top deck, partly used to store its tenders. 10 years following her delivery, a new Enterprise was built by Feadship, this time measuring 131ft.
Now known as Seagull of Cayman following changes of ownership, she features several enhancements over the previous Enterprise. The most noticeable of these is a dedicated sundeck, an upper deck skylounge and a larger main salon aft of the main deck. Several weeks ago she was put again on the market at an asking price of €5,900,000.
Yet another improvement on Enterprise III, the 149ft Enterprise IV was also built by Feadship in 1985. Through the Enterprise line can be seen the growth of a niche industry into the superyacht sector it is today. Now known as Explora, the yacht features larger windows, a sleeker line and a swimming platform aft of the yacht, all of which weren't found on classical yachts.
The last Enterprise to be built was delivered by Feadship in 1993 and is today known as Chantal Ma Vie. Measuring 55-meters (179 ft) in length, she already was a good representation of the modern superyacht, featuring a sleek line, large sundeck, expansive lounges, spacious cabins, a swimming platform and purpose-built tenders. In 2010, she was sold at an asking price of $15,9 million to her current owner.
Although their effect on US policy can be polarising and debated throughout the world, the effect that Trump and member of his administration have had on yachting throughout the past decades has undoubtedly played an important role in growing the market to the point where it is today.
The Olympic Yacht Show 2025 will take place at Olympic Marine in Lavrio from October 9-12, with preparations currently underway. This year's edition will feature 140 yachts, 400 luxury brands, and host 5 world premieres alongside 14 European debuts, marking the largest iteration of the event to date.Exhibitor registration shows strong participation from major industry players, including shipyards, dealers, and marine specialists. The event continues to attract both returning and new international participants, reflecting its growing influence in the European yachting calendar.The show will present new yacht models ranging from hybrid propulsion systems to mega yachts, maintaining its position as a platform for industry innovation. Organizers anticipate record attendance from industry professionals and yachting enthusiasts.As Greece's primary yachting exhibition, the 2025 edition will focus on business networking opportunities while showcasing current design and technology trends in the marine sector. The event reinforces Greece's role in Mediterranean marine tourism and luxury yachting markets.Credits: Zisis Dalakouras/The Olympic Yacht Show
July 22, 2025
Damen Yachting has launched the newest 60-meter Amels Limited Editions superyacht, with delivery scheduled for autumn 2025. The vessel represents the next generation of the Amels 60 series, maintaining the line's charter-ready features and eco-conscious design approach.The yacht features exterior design by Espen Øino and custom interiors by London-based Harrison Eidsgaard, marking the studio's second Amels 60 project. The interior concept emphasizes contemporary styling with enhanced visual connections to the marine environment.Paul Deurloo, Damen Yachting's Project Manager, stated: "It is one of the highlights of the build process when we get to see the superyacht coming out of the shipyard. We are delighted to show her to the world."The Amels 60 series continues to offer accelerated delivery timelines as part of its Limited Editions concept, with this unit available for handover within approximately 15 months. The yacht joins an existing fleet of Amels 60 vessels, all built on Damen Yachting's established naval architecture platform while allowing for individual customization.The newly launched unit is currently available for purchase, with Damen Yachting continuing production of the Amels Limited Editions range at its facilities in the Netherlands. The autumn 2025 delivery schedule positions the yacht for potential Mediterranean or Caribbean cruising seasons.Damen Yachting, the yacht-building division of Damen Shipyards Group, employs approximately 500 professionals across its Amels, SeaXplorer, and Yacht Support vessel programs. No purchase price was disclosed for the new build.Credits: Damen Yachting
July 22, 2025
Arcadia Yachts has secured the sale of its fourth A96new unit, continuing the model's commercial success following previous sales in Turkey and Middle Eastern markets. The latest 29-meter yacht will operate in the Mediterranean following delivery.The buyer selected the existing interior design by Igor Lobanov, maintaining the Art Deco-inspired dark lacquered surfaces featured on the first hull, with only minor customizations requested. The A96new series emphasizes holistic wellbeing concepts in its layout and amenities.Ugo Pellegrino, CEO of Arcadia Yachts, stated: "The new direction charted by the A96new has tapped into a need felt by owners all over the world, which is why we're so proud to present the A80new at the upcoming Cannes Yachting Festival, a boat designed for owners seeking the same lifestyle on board but in a slightly smaller format. We expect this new model to have the same success as the series flagship."The Sorrento-based shipyard will debut the 24-meter A80new model at September's Cannes Yachting Festival, targeting owners seeking similar features in a more compact package. Current production continues on the A96new series while the yard prepares its new smaller model for market introduction.The consecutive sales demonstrate sustained demand for Arcadia's wellbeing-focused yacht designs, with the A96new establishing itself as the brand's current flagship offering. The upcoming A80new presentation will test market reception for the scaled-down version of the concept.Arcadia Yachts is based in Naples, Italy. Since 2008, Arcadia Yachts has been building semi-custom luxury composite yachts and has succeeded in perfectly integrating artisanal craftsmanship, modern technologies, attention to detail and to the surrounding environment. The Arcadia Yachts fleet has included two ranges since September 2016. The shipyard’s first and most characterizing range is the A range, which includes four models (A85, A85s, A105 and A115). The Sherpa range has a new model, the 24m Sherpa XL, which was launched at the 2019 Cannes Yachting Festival. The new model, A96, debuted at 2023 Cannes Yachting Festival.Credits: Arcadia Yachts
July 22, 2025
Tankoa Yachts has launched M/Y Singolare, the second unit in its T450 series, at its Genoa shipyard. The 45-meter yacht, designed by Giorgio Maria Cassetta, follows the successful delivery of the first T450 model, M/Y GO.The launch ceremony was attended by the South American owner and family members. The yacht features a fully enclosed veranda with climate control, an elevator connecting main to sun deck, and a flush foredeck concealing a watertight tender garage. The upper deck includes a sauna, gym, and private cinema.Brazilian architect Debora Aguiar designed the interiors, featuring floor-to-ceiling wine cellars and sliding glass panels connecting indoor and outdoor spaces. The main deck contains a master suite with walk-in wardrobe and steam shower, while the lower deck accommodates four guest cabins and crew quarters.Guido Orsi, Tankoa Yachts Vice President, stated: "This launch marks another important milestone for Tankoa. It strengthens our position in the international markets, particularly in South America, where demand for high-end yachts is steadily increasing."The shipyard currently has another 45-meter hull and two 50-meter T500 models under construction, all presold. M/Y Singolare will be delivered this summer for Mediterranean cruising before relocating to the Caribbean for winter season.The launch reinforces Tankoa's position in the 45-50 meter custom yacht segment, with the T450 series demonstrating strong market demand.Tankoa was founded in 2007 and began production in 2008. A true “boutique shipyard”, focused on building semi-custom and custom constructions 45-meter and up.Credits: Tankoa
July 22, 2025
The first hull of Riva's new 112' Dolcevita Super model has launched from the brand's La Spezia facility. Measuring 34.37 meters with a 7.27-meter beam, this flybridge yacht expands upon the successful 110' Dolcevita design with enhanced outdoor spaces and improved water access.Developed by Officina Italiana Design in collaboration with Ferretti Group engineers, the yacht features a 35-square-meter beach club with fold-out terraces and storage for water toys. The stern garage accommodates a tender and jet ski while the cockpit offers multiple lounge configurations. Owners can choose between additional bow seating or a Jacuzzi in the forward area.The flybridge presents redesigned living spaces with a central bar area and entertainment systems. Interior options include two main deck layouts - one with aft dining and another with traditional forward lounge placement. The master suite incorporates larger windows and redesigned storage solutions.Standard power comes from twin MTU 16V 2000 M96L engines delivering 2,638 hp each, providing a preliminary top speed of 25.5 knots. An alternative MTU M97L engine package includes SCR emissions reduction technology. Stabilization systems include zero-speed fins with Humphree interceptors, with optional Seakeeper gyroscopic stabilizers available.Bridge configurations range from standard quad 19-inch monitors to a premium option with dual 49-inch displays selected for this first unit. Soundproofing measures include reinforced bulkheads between crew and guest areas on the lower deck, which houses four VIP cabins. Interior finishes combine high-gloss rosewood with black hammered leather detailing.The yacht is scheduled for its official debut at the 2025 Cannes Yachting Festival, representing Riva's latest development in the 30-40 meter flybridge segment. Production continues at Riva's La Spezia yard alongside other models in the 70-130 foot range.The Ferretti Group, led by Chief Executive Officer Alberto Galassi, is now one of the world’s leaders in the construction and sale of luxury yachts and pleasure vessels, with a unique portfolio of brands: Ferretti Yachts, Riva, Pershing, Itama, Mochi Craft, CRN, Custom Line and Wally.Credits: Ferretti Group
July 21, 2025