Trump's election as president of the United States marked a number of firsts, including the institution of what has historically become the wealthiest cabinet ever in existence in America. The billionaire's effect on politics and policy has become the subject of many international debates, yet his interests in yachting tend to be less talked about but remain no less fascinating when coupled with his administration.
In his former life as a billionaire businessman, Trump not only owned an 86m superyacht as well as a shipyard for a brief period of time, but 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.
Whereas the actual construction price of this particular Westport is unknown, as is typical with the vast majority of new build yachts, a similar 50-meter Westport sold at an asking price of $29,950,000 in November 2016. It is standard for the final, actual price to be 30-40% lower to the asking price in yachting.
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.
Gulf Craft has delivered the first unit of its 32.3-meter Majesty 100 Terrace series following its debut at the 2025 Dubai International Boat Show. The fiberglass-reinforced plastic (FRP) yacht features a semi-displacement hull designed by Dutch firm Phathom Studio.The model's distinctive features include multiple outdoor terraces, fold-down balconies, and a private owner's terrace on the foredeck with 270-degree views. The owner's cabin incorporates floor-to-ceiling glass and skylights, with direct access to the forward terrace. Accommodation includes five cabins for 10 guests and crew quarters for six.With a 199GT volume and 7.2-meter beam, the yacht reaches a top speed of 20 knots powered by twin MAN engines. At a cruising speed of 12 knots, the range extends to 1,050 nautical miles. The upper deck features a hot tub and sunpad area with glass panels that illuminate the owner's terrace below.The Majesty 100 Terrace follows the 34.1-meter Majesty 111 model, sharing similar interior layouts but with a redesigned semi-displacement hull. Gulf Craft currently has two units of the new model under construction at its Umm al-Qaywayn shipyard in the UAE.Since the company’s inception in 1982, Gulf Craft has grown to become one of the top seven shipyards in the world: once a builder of small fishing boats in its modest premises, which was a genuine passion for Gulf Craft, they then established their credentials as a leader of innovation and technology in the yachting industry. With five brands in their product portfolio ranging from 31 to 175 feet, Gulf Craft manufactures yachts and boats that appeal to a wide audience, such as touring passenger vessels, Silvercraft family day boats, Oryx Sport Cruisers, Nomad Explorer Yachts, and the flagship Majesty Yachts.Credits: Gulf Craft
August 1, 2025
Dutch yacht builder Oceanco has transitioned to new ownership under American entrepreneur Gabe Newell, while previous owners the Barwani family retain their stake in Turkish shipyard Turquoise Yachts. The ownership change follows Oceanco's legacy of constructing notable superyachts including the 110-meter Kaos, 109-meter Bravo Eugenia, 106-meter Black Pearl, and 127-meter Koru.Newell assumes ownership with stated intentions to maintain Oceanco's operational focus on craftsmanship and workforce development rather than implementing financial restructuring. The new owner has emphasized continuity in the shipyard's human-centered approach to yacht construction.Gabe Newel"Gabe Newell is not entering this world as a financier or a strategist, but as a hands-on visionary who respects the sea, the craft, and above all, the people who make it possible," stated the company's transition announcement.Dr. BarwaniThe Barwani family, Oceanco's previous owners since 2010, will continue their yachting industry involvement through Turquoise Yachts, which specializes in custom builds up to 77 meters. Oceanco's current project portfolio and management team are expected to remain unchanged under the new ownership structure.Oceanco was founded in 1987. Right now it is a world-class builder of custom superyachts up to the 140 meters range. Oceanco works with world-known designers such as Terence Disdale, Nuvolari-Lenard, Espen Oeino, Sam Sorgiovanni, Igor Lobanov, Tim Heywood and Andrew Winch to create some of the timeless and award-winning yachts afloat today.Credits: Oceanco
August 1, 2025
The 2025 Monaco Yacht Show will host "Tribute to Yachting," a photographic exhibition by French photographer Guillaume Plisson. The exhibition will display 100 large-format images throughout Port Hercule from September 24-27, integrated with the show's layout.A preview selection will debut during the Grand Opening Night on September 23. The exhibition aims to provide visual interludes for attendees while highlighting emotional aspects of yachting beyond technical specifications."This collaboration reflects our desire to celebrate the human side of yachting - the stories and quiet beauty beyond the surface," said Gaëlle Tallarida, Managing Director of Monaco Yacht Show.Plisson's work documents various yachting elements including design, operations, and lifestyle. "The exhibition serves as a condensed retrospective and tribute to those who make yachting possible," Plisson stated, acknowledging industry support for his photographic access over the years.The exhibition aligns with the show's focus on innovation, design, sustainability and lifestyle. It represents an effort to engage visitors emotionally with yachting culture while maintaining the event's commercial focus.Credits: MYS
August 1, 2025
Northrop & Johnson has announced the lease through donation of the 43.6-meter Feadship motor yacht True North, built in 1987 by Van Lent shipyard. The vessel's recent $4 million refit in 2021 addressed critical systems while preserving its classic Dutch craftsmanship.The comprehensive refit program included complete hull plating renewal and tank work to satisfy Bureau Veritas 35-year survey requirements. Mechanical upgrades focused on the twin CAT 3508 DI-TA engines, while new Quantum zero-speed stabilizers were installed to enhance onboard comfort. Guest areas received modernized accommodations, including renovated Crema Marfil marble bathrooms in the full-beam master suite.True North has compiled an extensive cruising history, having completed multiple transatlantic crossings and operated successfully in both tropical and temperate climates. The yacht's robust construction and 4,000-nautical-mile range at 11 knots have supported operations throughout the Mediterranean, Caribbean, and Northern Europe.Current configuration accommodates 16 guests across five staterooms, including four convertible guest cabins with multiple bedding options. Outdoor amenities feature a sundeck hot tub, swim-up bar, and expanded swim platform. The yacht's service areas utilize dedicated crew staircases to maintain operational efficiency."True North represents the enduring quality of Feadship construction," noted Northrop & Johnson brokers Kevin Merrigan and Kristen Klein. "The recent refit ensures this classic yacht meets contemporary expectations while retaining its original character."The donation lease arrangement provides for the yacht's continued operation while supporting the donor's philanthropic objectives. True North remains certified for global cruising following its recent survey compliance and mechanical upgrades.Based in the Netherlands and with roots dating back to 1849, Feadship was formed as a group in 1949 as a marketing partnership between six Dutch shipyards, de Vries Lentch, Van de Stadt, Witsen & Vis, Akerboom, De Vries Scheepsbouw and Van Lent Shipyard, and De Voogt Naval Architects. Feadship is well-known as one of the Netherlands’ most elite yacht builders and delivers superyachts from 50–100+ meters in length.Credits: Northrop & Johnson
July 31, 2025
Swiss energy company Repower has unveiled Lucietta, Venice's first fully electric water taxi, marking a significant advancement in sustainable marine transportation for the historic city. The 9.3-meter vessel, designed by Nauta Design and built by Murano's Cantiere Serenella shipyard, debuted at the Venice Boat Show and will serve during the 2025 Venice Film Festival before entering regular service.Constructed using a combination of traditional Venetian boatbuilding techniques and modern sustainable materials, Lucietta features a lightweight carbon fiber hull and incorporates recycled Murano glass elements developed by local startup Rehub. The construction process maintained Venice's strict dimensional constraints for canal navigation while implementing contemporary electric propulsion technology.The vessel is powered by a 200kW electric motor with a 180 kWh battery system specifically optimized for Venice's operating conditions. Performance specifications include a top speed of 30 knots (55.5 km/h) and sufficient battery capacity for a full 8-hour workday at typical lagoon speeds of 7-20 km/h. Compared to conventional diesel water taxis, Lucietta completely eliminates direct emissions during operation and reduces energy consumption by approximately 60%.Environmental impact projections indicate each Lucietta water taxi will prevent about 12 tons of CO2 emissions annually while completely eliminating particulate matter emissions. The electric propulsion system also reduces noise pollution from 85 dB to 45 dB - an 85% decrease that significantly improves the acoustic environment of Venice's canals. Over its operational lifetime, the electric taxi is expected to have 30% lower maintenance costs than combustion engine models."Electric boating represents a crucial part of the sustainable mobility revolution," stated Fabio Bocchiola, CEO of Repower Italia, noting the European electric boating market is projected to reach $13 billion by 2030. The project builds on Repower's previous electric boat initiative that received a Compasso d'Oro honorable mention in 2020.Nauta Design's Massimo Gino explained the design process: "We studied original taxi designs and interviewed operators to create a modern electric version that respects Venice's strict dimensional constraints for canals and bridges." The collaboration with local artisans at Cantiere Serenella ensured the preservation of traditional Venetian craftsmanship while implementing sustainable technologies.Lucietta can accommodate up to 14 passengers and will initially serve during high-profile Venice events before expanding to regular water taxi service. The introduction coincides with Venice's increasing restrictions on combustion engine vessels in its sensitive lagoon ecosystem, positioning electric water transportation as a viable solution for the city's unique mobility challenges.Credits: Nauta Design
July 31, 2025