The superyacht sector is, at its essence, a extremely small niche when one looks at absolute amounts, with barely 10,000 yachts over 24 meters in length. As a result, innovation in the sector requires drive and experience that only a few individuals in the world have been able to develop.
Building innovative yachts takes extensive, intimate knowledge of their use, only acquired at an owner's level, as well as large amounts of capital devoted to creating floating masterpieces. Yacht Harbour looks at some of the most inspiring billionaires from the superyacht space.
Bernard Arnault
Position: Chairman, LVMH
Net worth: $64 billion (2017)
Iconic in many ways, luxury conglomerate LVMH and its CEO, Bernard Arnault have long set a gold standard in the luxury world and yachting was no exception to this rule. In fact, Arnault's 101-meter yacht, Symphony is currently the largest Feadship ever built.
With a net worth currently valued at $64 billion by Forbes, Bernard Arnault's 33-year run shaping the luxury world through his Louis Vuitton Moet Henessy Group, took him to being the 2nd richest person in Europe and in the world's top 10 billionaires.
In yachting however, the 68 year-old Frenchmen is most well known for his involvement in the sector. His first major step into superyachts became the conversion of the 70-meter Amadeus into a luxury yacht from a research vessel in 2007.
Rebuilt at Jade Yachts in Taiwan, the transformation was overseen by Vripack to a design by Redmond Langton with Francois Zuretti creating the yacht's new interior. Accommodating up to 12 guests in a master suite spanning over the entire upper deck, a VIP suite on the main deck, and two guest and two twin cabins on the lower deck, she stretched over a total of five decks.
From a technical standpoint, the yacht is powered by twin Caterpillar engines letting the 70-meter yacht cruise for up to 16,400 nautical miles at a speed of 10.5 knots. In 2015, Arnault sold Amadeus, which was later renamed to Felix by its current owner.
Photo by Julien Hubert
Around the same time, Feadship delivered the 101-meter Symphony, the largest yacht it ever built. According to Marianne, Symphony was delivered to Maltese company, Sonata Yachting, a firm which LVMH disclosed was a fully owned subsidiary in its yearly report.
A common feature found across the two yachts are their golf tee located aft of the upper deck, which allows its guests to shoot specially designed, bio-degradable balls into the sea from the yacht. Designed by Tim Heywood, Symphony has a gross tonnage of near 3,000GT.
Photo by Julien Hubert
Arnault's interests in yachting however are not limited to his personal fleet. In 2008, LVMH led an acquisition of British yacht manufacturer, Princess Yachts from South African investor, Graham Beck in a transaction that amounted to just over €250 million. The deal then saw L Capital, a fund controlled by LVMH, gain a 70% controlling stake in Princess Yachts.
LVMH then continued its efforts to expand into yachting by acquiring Royal Van Lent, a shipyard part of Feadship, later that year in a deal that analysts put at around €400 million. The shipyard later went on to build the 101.5-meter Symphony and remains a part of LVMH's portfolio to this day.
Herb Chambers
Position: Chairman, Herb Chambers Companies
Net worth: $1,38 billion (2017)
Delivered in 2012 by Abeking & Rasmussen, the 60-meter Excellence V, one of the most voluminous yachts in her size, became her American's owner fifth superyacht. His fleet's next flagship, an 80-meter Abeking & Rasmussen is however still under construction.
Herb Chambers' first yacht became a 30ft Trojan fishing boat in 1970, he then upgraded to a 53ft Hatteras before starting his journey into the superyacht space with a 38.7-meter Feadship, Excellence. Launched in 1986, three years after Chambers sold his blooming copier sales business, A Copy, for $80 million, the yacht could reach 13.5 knots.
Later known as Golden Rule and last refitted in 2006, the yacht was sold by her new owners in 2011 at an asking price of $4.9 million. She was then renamed once again to Miss Iloilo in 2013.
Chambers next yachting project became an even larger Feadship, the 47.5-meter Excellence II launched in 1999. With an interior by Sam Sorgiovanni, the yacht had a beam of 8.9m and could reach a speed of 14.5 knots.
Later reportedly sold by Chambers to American businessman, Dennis M. Jones who renamed her to D'Natalin II, the yacht was then sold once again and renamed to Princess K. Now cruising under the name Princess Too, she was sold to her current owner in the summer of 2016 at an asking price of €15 million.
Launched this time by Abeking & Rasmussen in 2001, Excellence III became a 57-meter superyacht with an exterior by Donald Starkey designed with charter in mind. Praised for her comfortable seven cabin layout by guests, the yacht went on to have an inspiring charter record led by Chambers' long-time captain, Ray Shore.
Listed for sale in 2010 Excellence III was later sold in March 2012 asking $45,950,000. The popular charter yacht was then renamed to Dream following her sale and lengthened to 60-meters during her 2014 refit.
Chambers' subsequent project became a 78-meter Abeking & Rasmussen which was planned to take on the name Excellence IV. A few months into the build, Chambers received an offer to buy the yacht from a friend, which he decided to turn down.
Halfway through the build he however realised that such a project would prevent him from mooring in harbour such as Gustavia in St.Barts and Capri. When a Russian oligarch made another offer to buy the project at a profit for Chambers, the American businessman accepted. "I did well on that one." Chambers told Forbes. The yacht went on to become Eminence.
Following the sale, Chambers decided to take on another project at Abeking & Rasmussen building Excellence V, a 60-meter yacht with the interior volume and comfort of a 75-meter superyacht. Launched in 2011, she is now available for charter from €595,000 per week.
"There was a transition where it became a business for me" Chambers told Forbes on his superyacht projects, "I get more enjoyment out of building the boats than I do using them". Chambers's Excellence IV, a 28-meter Pershing launched in 2014, might be the only exception to this rule as he keeps it for his personal use. The yacht was however listed for sale and is now asking $8,400,000.
Chambers, now owner of the Herb Chambers Companies, the largest automotive dealership group in New England, USA with over $2.5 billion in revenue in 2014, might however be on his most ambitious yachting project yet. Indeed, the American billionaire has commissioned an 80-meter project currently under construction at Abeking & Rasmussen, which he says will be a cross between M/Y A and a more traditional yacht.
Dennis Washington
Position: Chairman, Washington Companies
Net worth: $5,9 billion (2017)
Washington became acquainted with boating relatively late, according to one of his recent interviews, he stepped on a boat for the very first time in 1979, when he was 45 years old. His connection with the sea was however immediate, "I just loved the sound of being out on the water and being so relaxed" he told Forbes. Soon after, he purchased his first boat, the 25.9-meter Wanigan III for $150,000. What sets apart Washington from most yacht owners is his interest in refitting yachts up to his high standards. A year and a half after the purchase of the Wanigan III, he began to rebuild it and sold it a couple of years later.
In 1992 he purchased Chieftain, a 105ft tug built in Glasgow in 1929 that had escorted British WW2 ships and had remained under the British flag for nearly 60 years. Washington had the yacht shipped back to Vancouver by his port captain, Fred Larsson, and started a lengthy process to create the most tastefully decorated tug afloat. Washington in fact even announced that the newly named St. Eval would remain in the Washington family for perpetuity. St. Eval can now often be found moored in Washington's private marina in Vancouver.
Also docked in Vancouver is the 36.4-meter Abeking & Rasmussen, Impromptu, which Washington purchased from Boeing. Before serving as Boeing's corporate yacht as Daedalus, Impromptu was owned by beer magnate, August Busch. After learning that Boeing was looking to sell, he purchased and refitted the yacht, which he still owns to this day.
The first yacht to be named Attessa became yet another one of Washington's rebuild projects. After purchasing the 130ft Yecats built by Kong & Halvorsen in 1984, Washington lengthened the yacht to 142ft and renamed it to Attessa. The yacht later appeared in the movie "Indecent Proposal". It was then sold to George Argyros and renamed to Huntress before catching fire and sinking off the coast of Greece in 1998.
Washington's second Attessa became a Feadship launched in 1988 as Impromptu with a length of 43.4-meters. Following Washington buying the yacht in the 1990s, the yacht was extended by over 5 meters and renamed to Attessa II. The yacht was later reportedly sold to American billionaire, Wayne Huizenga who renamed her to Floridian. She then went through several changes of ownership until her current owners renamed the yacht to Mysorah and extensively refitted her once again.
Another vessel that is still part Washington's fleet to this day is Attessa III. Built by Feadship in 1998 as Lady Aviva for Joe Lewis, the 62-meter yacht caught fire in May 2000 in the Red Sea. With the owner and insurance company looking to get rid of it, Washington bought the superyacht and, after a 36-month long refit process at the Feadship De Vries shipyard, she reemerged as the fully rebuilt and extended 68m Attessa III. Completely transformed, Attessa III featured the largest composite extension in yachting history. Washington still owns the yacht to this day and keeps her on America's west coast.
Washington's most ambitious project however began just under two years later after Attessa III's launch. Having become aware that Taiwanese shipping billionaire, Chang Yung Fa was looking to sell his 91-meter Evergreen, Washington flew out to Taiwan to inspect the hull in 2007. "Chairman Chang built the boat like a warship, but it was not attractive structurally. I thought it would be a great project." he told Forbes. The American billionaire bought the yacht and sailed it to his Vancouver facility for a refit.
The refit process involved a new superstructure shape, interior layout, helipad and tender garage, which resulted in a completely new vessel. Lengthened by almost 10 meters, Attessa IV became the 24th largest in the world at the time of her relaunch in 2010. Amongst her standout features are a spa on the lower deck, a private cinema, a helipad and a multi-purpose room on the yacht's sundeck with a Chihuly chandelier under a glass dome.
At its recent annual general meeting, the French Nautical Industries Federation (FIN) announced the introduction of a brand-new Paris-based boat show, set to take place in November 2025.The highly anticipated Paris Nautic Show will run from Wednesday, November 26th, to Sunday, November 30th, 2025, hosted at the prestigious Parc des Expositions du Bourget in northeastern Paris. This announcement follows the cancellation of the initial Nautic-en-Seine boat show, which had been planned for April 2025 along the banks of the River Seine. Market conditions led to the decision to cancel the open-air event, originally intended as a fresh iteration of the longstanding Nautic Paris boat show.The newly organized indoor event will be managed by M2O, FIN's dedicated event subsidiary. FIN emphasized the critical role of a Paris-based boat show in supporting the nautical industry amid challenging economic and political environments, serving as a vital platform to showcase resilience and innovation within the sector.Approximately 350 exhibitors and between 300 to 400 boats are expected to participate, occupying two expansive halls totaling 40,000 square meters. Compared to earlier iterations of Paris-based boat shows, the duration of the event has been streamlined to align better with the global exhibition calendar.The show's leadership team comprises experienced professionals, including Jean-Paul Chapeleau as President, Christophe Vieux as Managing Director, Caroline Popovici as Deputy Commissioner General and Operations Director, and Guillaume Verbrugghe as Deputy Commissioner General and Commercial Director. At the general meeting, they unveiled the event's new branding, including its distinctive logo and marketing materials, marking the official start of commercial activities for the show.Credits: jerileecornelio/unsplash.com
April 2, 2025
The 2014 Sunseeker 28m yacht Play the Game has recently been sold through an in-house deal by Northrop & Johnson. Yacht Broker Ed Dickinson represented the seller, while Matt Palmer brought the buyer. Previously listed at €3,500,000, this vessel is part of the esteemed Sunseeker 28m series.Built in 2014, Play the Game has been meticulously maintained by its sole owner since launch. Its extensive refit history includes a 2022 kitchen renovation, complete reupholstering and new carpeting in 2018, along with a thorough 10-year RINA class survey and MCA commercial compliance update during the winter of 2023. The vessel is fully compliant with modern safety standards.One of the highlights of Play the Game is her expansive flybridge and remarkable volume relative to her size, offering unparalleled space for both indoor and outdoor living. With zero-speed stabilizers ensuring steadiness even when anchored, guests can enjoy every moment aboard without discomfort.Inside, her bright, open-plan design features large windows that flood the interiors with natural light. Warm wooden accents blend harmoniously with subtle blue hues and neutral finishes, creating a welcoming atmosphere. An especially notable feature is the drop-down balcony on the starboard side of the main deck – an ideal setting for intimate dinners or quiet mornings overlooking the sea.Play the Game accommodates up to eight guests across four lavishly appointed staterooms. The full-beam master suite boasts a king-sized bed, ample closet space, a cozy seating area, and a beautifully designed ensuite bathroom. Outdoor spaces are equally breathtaking, including an alfresco dining area on the aft deck, a versatile foredeck lounge with sunpads and a dining table, and a generously sized flybridge featuring two U-shaped lounges, dual wet bars, and a retractable hardtop for customizable sun exposure. A hydraulic swim platform provides effortless access to the water and facilitates smooth tender operations.Powered to reach speeds of up to 23 knots, Play the Game, delivers a truly exceptional experience on the water.Since 1969 Sunseeker Yachts has built composite semi-custom yachts from 12m to 47m. The shipyard's main facility is located in Poole.Credits: Sunseeker Yachts
April 2, 2025
Ocean Alexander honors Scott Roberton as the recipient of its 2024 Annual Sales Award, celebrating his exceptional achievements, dedication, and contributions to the brand’s success.Roberton’s career is distinguished by his expertise, integrity, and unwavering commitment to client satisfaction. His extensive knowledge of the industry and deep understanding of client needs have led to outstanding sales results and elevated client happiness.Dan Mundy, Head of Global Operations, praised Roberton, stating, "Scott’s professionalism and passion for Ocean Alexander are evident in every transaction. His ability to match clients with their ideal yacht while providing unmatched service makes him a leader in our industry. We are honored to recognize him with this award."With over 25 Ocean Alexander transactions to his name, Roberton has played a crucial role in introducing new owners to the brand, ensuring they experience the exceptional quality, design, and service that define Ocean Alexander.Reflecting on the achievement, Roberton expressed, "It’s an honor to receive this recognition. Ocean Alexander continues to set the standard in yacht design, usability, and service, making it a privilege to represent the brand. I’m grateful for the support of my clients and the entire OA team, and I look forward to another exciting year ahead."Ocean Alexander congratulates Scott Roberton on this well-deserved accolade and extends gratitude to all its sales professionals for their dedication to excellence.Credits: Ocean Alexander
April 2, 2025
Spanish shipyard Maxim Yachts returns to familiar shores as they participate in the Palma International Boat Show from April 30 to May 3. Making their debut at the event, the company showcases the Max 43 Comfort – a dynamic day cruiser capable of achieving speeds up to 45 knots. Designed by Alex Cherigny and engineered by Isonaval, this 13-meter model exemplifies speed and luxury combined.The Max 43 Comfort is powered by twin 440-horsepower Volvo Penta engines, ensuring swift and stable navigation. Its exterior layout is highly adaptable, featuring two foldable tables and four sofas, one of which comes with built-in refrigerators. The ergonomic helm station houses two double seats and a stylish carbon fiber console, outfitted with state-of-the-art marine technology, including dual 16-inch Garmin screens and 11 analog gauges.The onboard galley is fitted with a ceramic cooktop, sink, and two large refrigerators, with optional upgrades available such as additional refrigerators and an ice maker. Adjacent to the galley is a flexible dining area equipped with a double table and cozy side seating. Inside, the interiors, adorned with high-quality finishes, house a spacious double cabin capable of sleeping up to four guests. The cabin also boasts one of the tallest ceilings in its class, emphasizing both comfort and practicality.Established just last year, Maxim Yachts has quickly made waves in the industry, marking their presence at prestigious global events. Their participation in the Palma Boat Show signifies their commitment to growth and innovation, as they join approximately 300 exhibitors representing the best in maritime craftsmanship.Credits: Maxim Yachts
April 1, 2025
Turkish shipyard Numarine has introduced its newest superyacht, the 47MXP, marketed as a "Mediterranean Explorer." Despite its name, the vessel is engineered for worldwide exploration, merging the relaxed beach-club lifestyle with robust, long-range capabilities.Expanding on the acclaimed 45XP series, the 47MXP integrates a durable steel hull with a lightweight aluminum superstructure. Retaining the efficient hydrodynamics of its predecessor, the new model gains added length, increasing internal volume and enhancing exterior deck spaces.Renowned Italian studio Hot Lab, part of the Viken Group, orchestrated the 47MXP’s bespoke interiors. Known for their subtle yet sophisticated touch, Hot Lab infuses the yacht with a warm, elegant atmosphere. The layout encompasses up to six guest cabins, highlighted by a full-beam owner’s suite with a private terrace on the main deck.The 47MXP emphasizes alfresco enjoyment with numerous terraces and lounges spanning its four decks. Noteworthy is the aft deck, which now features a sizable infinity pool, converting the area into a high-end beach club setting. Additionally, the sundeck showcases a second pool, a fully stocked bar, and abundant seating for hosting events.Fitted with twin MAN V12 diesel engines, each generating 1,450hp, the 47MXP achieves a top speed of 16 knots. More importantly, she demonstrates exceptional endurance, capable of traversing over 6,000 nautical miles at a cruising speed of 9 knots perfect for transoceanic voyages.Numarine, a European high-performance motor-yacht shipyard headquartered in Istanbul, offers a range of yachts from 19 to 45 meters.Credits: Numarine
April 1, 2025