70% of companies in the yachting sector describe themselves as leading according to a study performed by Yacht Harbour on a sample of over 100 companies. It can therefore be hard for customers to differentiate at first glance the real financial position of companies and their scale.

Following a very active past 20 years in the mergers and acquisitions space in the yachting industry, some behemoths have emerged, controlling a large portion of the market and shaping the industry moving forward. Some high-profile individuals and corporations have also become involved in the superyacht industry in recent years. We have therefore investigated some of the most powerful corporations and individuals in the yachting space.

Dalian Wanda Group


Princess AVK

Annual revenue: $39.47 billion (2014)

Chairman & Founder: Wang Jianlin

Brands: Sunseeker

Largest commercial real estate operator in China and world's largest cinema chain operator, Wanda Group was founded in 1988 by Wang Jianlin. The company has today 634 billion yuans in assets and manages over 26 million square meters of hotel property. In 2013, the company decided to purchase UK-based yacht manufacturer, Sunseeker. 

Having gone through losses of 9 million pounds in 2009, Sunseeker restructured its debt and was taken over by FL Partners, an Irish private equity company. Sunseeker was sold in 2013 to the Wanda Group for around 300 million pounds according to the Financial Times.

LVMH


Symphony - © Feadship Fanclub

Annual revenue: $35.6 billion (2015)

Chairman & CEO: Bernard Arnault


Moet Hennessy Louis Vuitton, better known as the French luxury goods conglomerate, LVMH, is perhaps not so surprisingly also a player in the superyacht industry. In 2008, L Capital, the company's investment arm, purchased Princess Yachts in a deal worth 200 million pounds according to Reuters, with support from the Calyon investment bank. 

Later that year, the conglomerate strengthened their position in the company with the purchase of Royal Van Lent, part of the Feadship organization, for a reported sum between 200-400 million euros. In 2007, Royal Van Lent had posted sales of 100 million euros.

Gavio Group


Fast - © Baglietto
Annual turnaround: €2.2 billion (2012)

Brands: BagliettoCerri Cantieri Navali, Bertram

Gruppo Gavio, a large Italian corporation whose main business lies in motorway concessions with the company operating over 1400 kilometers of motorways in Italy, also has interests in the yachting industry. In 2012, Bejamino Gavio led an acquisition of the iconic Italian Baglietto shipyard for a sum of €18.5 million. The shipyard had been through some rough waters during the financial crisis resulting in 73 million euros of negative equity in 2009.

The group further consolidated its position in the sector by purchasing Cerri Cantieri Navali, a few months before the Baglietto deal, and by later acquiring US-based Bertram in 2015.

Privinvest Group


Siren © Yacht Harbour

Current owners: Akram & Iskandar Safa


Privinvest Group is one of Europe's largest maritime corporations which is involved in naval manufacturing and is also involved in the superyacht industry. Founded by the Safa brothers, Privinvest purchased Constructions mécaniques de Normandie (CMN) based in Cherbourg, France in 1992. The company then managed to turn around the fledging shipyard with new orders from the Middle East according to the Independent.

In 2007, the group funded 30% of the Abu Dhabi MAR company which ventured into shipbuilding through ADMShipyards and worked on the 141-meter Yas. In 2009, Privinvest continued to consolidate its position in the sector by acquiring German shipyard Nobiskrug.

Azimut-Benetti Group


I Dynasty © Superyachts Monaco

Maximum recorded asset net worth: €300 million (2011)

Current owner: Paolo Vitelli

Brands: Benetti, Azimut

Azimut was established in the early 1970s by Paolo Vitelli as a dealership of Amerglass boats. The company then evolved into yacht manufacturing by building its first 43ft boat. It later delivered Failaka, the first 30-metre fibreglass yacht ever built, to a Kuwaiti prince. In 1985, Azimut took over the Fratelli Benetti boatyard in Viareggio, setting the roots for the group. The company later started collaborating with young designer, Stefano Righini, which would bring the Azimut lines the company is known for today.

The company acquired the Gobbi shipyard in 2001 which now produced the group's Atlantis range from 10m to 18m. In 2004, the group acquired Fraser Yachts, a large yacht brokerage company. It later developed Marina di Varazze and the Royal Yacht Club in Moscow. By 2011, the group's net assets grew to €300 million according to this presentation with a turnover of €600 million, a significant cut on its €1 billion turnover in 2008 according to the Financial Times.

Ferretti Group


Chopi Chopi © Yacht Harbour
Maximum recorded value: 1.5 billion (2007)

Current owners: Weichai Group, Royal Bank of Scotland

Brands: FerrettiCustom LinePershingCRN, Itama, Mochi Craft, Riva

Ferretti was established in 1968 as the first marine division of Alessandro and Norberto Ferretti's family business. In 1971, the company delivered its first wooden motor-sailer and by 1982 it began producing boats for sport fishing with a flybridge. By 1996, the group decided to expand into a larger range and set up Custom Line, a division meant to operate in the growing 26-40m range. In following years, the company multiplied acquisitions buying CNA in 1998, CRN in 1999, Riva in 2000, Mochi Craft in 2001 and Itama in 2004.

As the company was preparing for an initial public offering (IPO) after having been acquired in a leveraged buyout by Candover Investments which put the Group's value at €1.5 billion in 2007, the financial crisis led to a significant drop in sales. As a result, the Group had to restructure debt and its creditors, led by the Royal Bank of Scotland, converted a portion of their €1.2 billion debt into equity according to Bloomberg.

Ferretti Group was eventually sold to Weichai Group, a state-owned Chinese company, the largest maker of bulldozer's in China.


Vagit Alekperov

Galactica Super Nova - © Dick Holthius

Net worth: $11.1 billion (2016)

Brands: Heesen Yachts

Mr. Vagit Alekperov is currently considered to be Russia's 9th richest man according to Forbes. In May 2015  it became known that the head of Lukoil, Russia's largest independent oil company, is the current owner of Heesen.
In 2008, Mr. Alekperov purchased Heesen Yachts from founder, Frans Heesen, for a reported sum of 100 million euros. The shipyard posted profits of €5.2 million in 2013 according to Forbes Russia.

In March 2016, Heesen launched its newest flagship, the 70m Galactica Super Nova (Project Kometa) which was built for Mr. Alekperov according to Dutch publication, Quote.

Mohammed Al Barwani


Turquoise - © Ocean Independence

Net worth: $1.2 billion (2015)

Brands: Oceanco, Turquoise Yachts

Energy tycoon, Mohammed al-Barwani made his wealth investing in oil, gas, minerals and manufacturing. In 2010 he however decided to purchase Dutch shipyard, Oceanco from Greek shipping magnate, Theodore Angelopoulos. First company to build spa pools on superyachts, Oceanco has much benefited from the hands-on approach of Al Barnawi delivering the beautiful Nirvana for Russian billionaire Potanin as well as expanding its facility to be able to construct yachts up to 160 meters.

In December 2013, al-Barwani further consolidated his position in the industry, purchasing Turkish yacht manufacturer, Proteksan (now Turquoise Yachts), which was struggling following the highly publicized sinkage of M/Y Yogi.

Latest News

Heesen Yachts Launches 55m Steel Yacht YN 20655, Solemates
Heesen Yachts has announced the launch of its 55-meter steel yacht YN 20655, now named Solemates. Previously known as Project Venus, this vessel represents the Dutch shipyard's focus on combining innovative design with luxury.Rupert Connor of Luxury Yachts, representing the yacht’s owners, highlighted their decision to return to Heesen, noting the shipyard’s consistent quality and ability to accommodate client-specific requests.Following its launch, Solemates will enter the commissioning phase, which includes preparations for sea trials in the North Sea. The yacht was designed with a strong emphasis on creating a family-oriented atmosphere, featuring custom interiors tailored to the owner’s preferences.Heesen’s interior engineers collaborated with Silvia Margutti from Luca Dini Design and Architecture to develop the yacht’s distinct interior. A vibrant palette of lime green, teal, and baby aqua blue highlights the personalised family-friendly concept. Key interior features include a redesigned main staircase with acrylic panels embedded with gold flakes and crystals, as well as a bridge deck salon intended to encourage family gatherings. The sundeck is equipped with an enlarged jacuzzi and bar area, designed for both relaxation and socialising.The design and construction process incorporated several adjustments to meet the owner’s requirements for enhanced leisure, entertainment, and comfort. Heesen Yachts’ CEO, Niels Vaessen, stated, “The launch of Solemates underscores our commitment to delivering high-quality, innovative yachts that align with our clients’ aspirations.”Solemates is scheduled to debut at the Monaco Yacht Show in September 2025, followed by an appearance at the Palm Beach International Boat Show. The yacht will be delivered to its owner in the second quarter of 2025.Credit: Ruben Griffioen
Pearl Yachts Unveils Pearl 63 at Düsseldorf Boat Show 2025
Pearl Yachts presented the Pearl 63 project at the Düsseldorf Boat Show 2025. This new 63-foot yacht is an updated version of the Pearl 62, incorporating changes to enhance practicality and performance. Currently under construction, it is scheduled to launch in April 2025.The Pearl 63 features a redesigned aft cockpit with opening side balconies and adjustable high-low dining tables. This layout increases the usable space and provides additional flexibility for seating and dining arrangements. The L-shaped sofa includes a reversible backrest that allows it to function as a sea-view lounge.The yacht is equipped with a hi/low bathing platform and a multi-purpose space that can be used as a tender garage, accommodating a Williams 285 jet tender or Seadoo Spark Jet Ski, or as a crew cabin, depending on the owner's preference.Accommodation on board includes four cabins for up to eight guests, an uncommon feature in the 60-foot yacht category. The full-beam master suite, accessible via a private stairway, includes panoramic hull windows, separate his-and-hers closets, and an en-suite bathroom with a wet room and Corian sink unit.The Pearl 63 offers engine options from Volvo, including an upgraded version with IPS 1350 engines capable of reaching speeds up to 33 knots. Navigation and control are supported by Volvo’s IPS joystick system, dynamic positioning, and Garmin touchscreens.Interior design for the yacht is managed by Kelly Hoppen CBE and includes four selectable design themes. Large windows in the saloon allow for significant natural light, and the layout incorporates a galley, a dining area, and a lounge space. Outdoor features include a foredeck with adjustable sun pads and a flybridge with a hardtop, wet bar, and BBQ.Pearl Yachts also announced the addition of three new dealerships. Pearl Germany, operating from Werder (Havel), will serve Berlin’s waterways and the Baltic Sea. Pearl France, managed by Mallorca Marine Group, will focus on the French market. Pearl Gulf, based in Dubai, will cover the GCC region, including UAE, Saudi Arabia, Qatar, and Bahrain.The Pearl 63 will debut at the Monaco Yacht Show in September 2025.Credit: Pearl Yachts
Ferretti Yachts 940 Launched at Cattolica Shipyard
Ferretti Yachts launched the first unit of its new Ferretti Yachts 940 model on January 15 at the company’s Cattolica shipyard. This widebody yacht, designed to offer a combination of space and functionality, is set to remain in Italian waters, reflecting the importance of the domestic market for Ferretti Group.The yacht measures 28.97 meters (95 ft 1 in) in length with a beam of 6.78 meters (22 ft 3 in). It features a five-cabin layout, including a full-beam master cabin situated on the main deck. Large floor-to-ceiling windows are a prominent design element, providing increased natural light and outward visibility.The Ferretti Yachts 940 was developed in collaboration with Filippo Salvetti, who designed the exterior, and Ideaeitalia, responsible for the interiors. The main deck includes a salon spanning nearly 30 square meters, with a seating area, a dining table for eight, and sliding glass doors for access. The interior design of this unit incorporates the brand’s Classic mood, characterized by neutral tones and natural materials.Outdoor spaces include a cockpit with freestanding furniture and a glass parapet, a flybridge for dining, and a forward area equipped with a sunpad, sofa, and table. Walkways allow for easy access between areas, including the mooring zone.The lower deck accommodates three VIP cabins and one guest cabin with adjustable beds. The first unit is powered by two MAN V12 engines, each delivering 2000 mhp, with a reported top speed of 25 knots and a cruising speed of 21 knots (preliminary data).Ferretti Yachts 940 is intended as a functional vessel offering options for leisure and hosting, with design elements tailored to enhance usability and comfort.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
Grand Soleil Yachts Begins 2025 with Key Announcements at boot Düsseldorf
Grand Soleil Yachts has opened 2025 with significant news unveiled at boot Düsseldorf, highlighting new models, innovative projects, and upcoming events. The Italian shipyard, recognized for its expertise in sailing yachts, reported growth in 2024 compared to 2023 and anticipates further expansion in 2025, as emphasized by CEO Marcello Veronesi.Grand Soleil 52 PerformanceThe Grand Soleil Blue, making its world premiere, is the centerpiece of the event. This eco-conscious yacht focuses on sustainability and addresses the end-of-life cycle of yachts, reflecting the industry's evolving priorities. Grand Soleil owner and ambassador Max Sirena participated in the presentation, sharing his experiences with this new project.Grand Soleil 52 PerformanceThe Grand Soleil 52 Performance also features prominently, marking the return of a model originally launched in 1987. Updated with enhancements to performance, maneuverability, and comfort, the GS 52P made its debut at the Cannes Yachting Festival in 2024 and is now presented for the first time at boot Düsseldorf.Grand Soleil Yachts also announced the 2025 Grand Soleil Cup, which expands into three stages across the Tyrrhenian Sea, Adriatic Sea, and Lake Garda. Racing sessions in Cala Galera and Portopiccolo will culminate in a final match race in Malcesine aboard Grand Soleil Blue yachts. Full details will follow.Grand Soleil Plus 80Additionally, the company introduced the PLUS Line, a new category for yachts over 60 feet. This line emphasizes personalized service and co-creation with clients from the initial design phase. Heading the line is the Grand Soleil Plus 80, a flagship model under construction in its Long Cruise version, with a launch planned for 2026. The PLUS Line represents a commitment to customization and in-house production for superior quality control. GS BlueGrand Soleil Yachts’ announcements at boot Düsseldorf reaffirm its focus on evolving with market demands while maintaining its legacy in sailing yacht design and craftsmanship.Cantiere del Pardo was founded in 1973 in Italy. Pardo Yachts, the brand of Cantiere del Pardo dedicated to powerboats, was born in 2016. The first model, the Pardo 43, was launched in 2017. Grand Soleil was founded in 1973 and is famous for its yachts, which ensure performance for regattas, autonomous long-distance navigation, as well as a high level of sustainable consciousness.Credit: Alberto Cocchi; all provided by Cantiere del Pardo
Mylius Yachts Debuts M47P Powerboat at boot Düsseldorf 2025
Mylius Yachts has unveiled the M47P, its latest high-performance motor yacht, at boot Düsseldorf 2025. Marking the shipyard’s return to the motorboat segment, the 15.4-meter M47P introduces a combination of speed, design, and customization tailored to meet growing demand for powerboats, particularly in the U.S. market.Designed by Alberto Simeone and built using fiberglass infusion with epoxy resin and carbon reinforcements, the M47P achieves speeds of up to 56 knots with its four Mercury 500 R outboard engines. Its streamlined, muscular design reflects a focus on high performance and a distinctive visual identity, including a teak deck and a carbon hardtop that evokes the shape of a rising wave.The M47P features a double-step V-shaped hull designed for rapid planing, improved lift, and reduced wet surface area. This innovation ensures high-speed stability, reduced vibration, and a dry ride even in challenging conditions. The layout includes spacious outdoor areas with a versatile cockpit that transitions into a sunbathing space, fold-down side panels for water access, and an optional enclosed cockpit for all-weather use.Below deck, the M47P offers customizable accommodations for four guests. A standard layout includes a forward owner’s cabin with a king-size bed and en-suite bathroom, along with a guest cabin accessed from the cockpit. An alternate layout places the owner’s cabin aft. Buyers can select finishes ranging from teak and oak laminates to premium fabric options from brands like Loro Piana.The yacht’s command console integrates advanced features, including dual Garmin displays with Empirebus integration for full system control, ergonomic Besenzoni seats, and a joystick for docking. Optional equipment includes a Seakeeper 6 stabilizer, air conditioning, and a Starlink repeater.Mylius Yachts reports strong initial interest in the M47P, with two units delivered and four more under production, aiming for an annual output of 12 vessels. This expansion complements the company’s established reputation in sailing yachts and its introduction of the MY62 monohull, further diversifying its offerings.“The M47P and MY62 reflect our commitment to distinctive style, customization, and performance while maintaining the craftsmanship that defines Mylius Yachts,” said Valentina Gandini, CEO. The M47P is now on display at boot Düsseldorf at Stand 5D20 in Hall 5.The Mylius Yachts shipyard, headquartered in Podenzano, has been dedicated to the construction of fast sailing vessels and performance cruisers with a recognizable and winning style since its foundation. Mylius is among the leaders in the production of yachts ranging from 55 to 80 feet. Mylius has added the production of motorboats, including fast motorboats and habitable motor yachts.Credits: Mylius Yachts