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. The billionaire's effect on politics has become the subject of many debates, yet his influence on yachting is often overlooked. Having owned one of the largest yachts of her time, Trump once commissioned the world's largest superyacht and also briefly owned a leading Dutch shipyard.
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.
Currently valued by Forbes at $3.1 billion, Trump serves as the United States' 45th president since January 20th 2017. Having sparked controversies throughout the world due to his polarising views on a number of domestic and foreign issues, he has recently led a series of reforms to have US conglomerates bring back a large portion of their cash back to the United States.
After getting a start at his father's real estate development company, Trump started his Manhattan real estate crusade, acquiring part of the Commodore Hotel in 1978. Following this, Trump embarked on building Trump Tower, which was completed in 1983. Five years later, Trump bought the Plaza Hotel for $407 million and invested $50 million into its refurbishment. At the same time, Trump started branching out of Manhattan, building in Palm Beach, Atlantic City and ventured int golf.
Trump's net worth is still predominantly tied to his New York-assets though, with $1,6 billion in real estate. The billionaire has another $500 million in real estate in another cities, in addition to $570 million worth of golf clubs and resorts according to Forbes. His branding business, which includes hotel management and product licensing is currently valued at $200 million. "Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." Trump said in his book, The Art of the Deal.
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The renowned Italian design firm Hydro Tec has introduced an impressive new yacht concept measuring 80 metres, aptly named Valiant. This name pays tribute to the iconic British battleship that played a significant role during both World War I and World War II.Valiant features an exterior that combines robust militaristic elements with sleek, automotive-inspired lines. One of the standout features of this design is the all-seasons beach club, seamlessly connected to the guest areas and outfitted with an infinity pool and a spa complete with a sauna.Accommodations aboard the Valiant include an owner’s suite positioned at the front of the yacht. This lavish cabin offers a cozy fireplace, comfortable lounge seating, and access to a private outdoor space. This outdoor area, featuring sliding glass doors on both sides, is designed for relaxation, with sun loungers, cozy sofas, and a waterfall hot tub at the bow.The interior design merges elements from Japanese and Scandinavian aesthetics, showcasing a harmonious combination of light woods, elegant marble accents, and intricately designed staircases adorned with crystal and gold features.Another notable aspect of Valiant is the thoughtfully designed dining area, which is strategically located across from the main saloon. This space includes an open kitchen, sweeping curved windows, and a balcony area that invites guests to enjoy meals in the open air.Credits: Hydro Tec
October 3, 2024
The Italian Sea Group (TISG) has once again affirmed its prominent position in the global luxury yachting industry during the 33rd edition of the Monaco Yacht Show, the foremost event dedicated to superyachts and megayachts. This year’s show attracted an impressive turnout of over 30,000 visitors, comprising yacht owners, prospective buyers, and brokers from around the globe.From September 25 to 28, at the stunning Port Hercule, TISG showcased an exclusive selection of yachts that embody Italian excellence in design, technology, and craftsmanship. In an elegantly designed lounge on the Quai Rainier Ier, TISG engaged with an international audience of clients, brokers, media, and financial professionals, fostering a high-level networking atmosphere alongside its motoryachts:Admiral Platinum 78m: A stunning feat of contemporary design resulting from a collaboration between SINOT and Lobanov Design Studio, this yacht epitomizes refined living and social spaces.Admiral Jas 66m: Crafted by TISG's Centro Stile and Mark Berryman Design, this superyacht features striking lines complemented by a sophisticated palette of bright white and black details, enhancing its elegance.JasAdmiral Silver Star-I: This 55-meter motor yacht, featuring interiors designed by Giorgio Armani, balances essential luxury with modern aesthetics, showcasing refined spaces and intricate details.Silver Star-ITecnomar for Lamborghini 63’: Two stunning models of the iconic sports yacht, inspired by the Lamborghini Siàn FKP 37, are showcased in striking Rosso Bia and Blu Nentus colors.Tecnomar for Lamborghini 63’“The Monaco Yacht Show has once again proven to be a tremendous success for TISG,” said Giovanni Costantino, Founder & CEO of The Italian Sea Group. “We are thrilled with the high level of interest from visitors and the positive feedback from owners and key industry stakeholders who praised the quality, attention to detail, and stylistic innovation of our vessels.”The Italian Sea Group is a global operator in the luxury yachting industry, listed on Euronext Milan (“EXM”) and active in the construction and refit of motor yachts and sailing yachts up to 140 meters. The Company, led by Italian entrepreneur Giovanni Costantino, operates on the market with the brands Admiral, renown for elegant and prestigious yachts, Tecnomar, Perini Navi, and Picchiotti; the Company has a business unit, NCA Refit, that manages the maintenance and refit services for yachts and mega yachts with a length over 60 meters. Credit: The Italian Sea Group
October 3, 2024
Sirena Yachts has unveiled the latest addition to its esteemed lineup: the Sirena 48 Hybrid Coupe. This innovative vessel builds upon the successful Sirena 48 model while introducing a hybrid powertrain tailored for eco-conscious cruising enthusiasts. The Sirena 48 Hybrid Coupe promises not only a striking aesthetic but also a pioneering silent operation that eliminates emissions, aligning with contemporary environmental values.This new hybrid variant retains the classic elements that fans of the Sirena brand have come to love, including its sleek plumb bow and panoramic glass windows. However, the Coupe design features a redesigned superstructure that boasts a sporty stance and low profile, enhancing both elegance and aerodynamics.Main saloonAt the heart of the Sirena 48 Hybrid Coupe is its commitment to silent cruising. Equipped with dual 213kW E-Motion motors, this yacht expertly handles a variety of conditions, ensuring smooth and precise maneuverability in close quarters. The sophisticated power management system integrates a substantial battery bank, starting with two 39.1kWh lithium-ion packs that can be expanded to 156.4kWh. This advanced hybrid system offers an impressive up to 24 nautical miles of quiet range, and when combined with its generators, the yacht achieves a formidable cruising range of 360 nautical miles.Master cabin Top speeds reach 14 knots, although a more relaxed cruising speed of 6.5 knots utilizes a mere 35kW, making it feasible to navigate to favorite anchorages solely on battery power. Sirena CEO Cagin Genc emphasizes the yacht's ability to create an intimate relationship with nature: “The Sirena 48 Hybrid Coupe operates in silence, with only the sound of water against the hull.”Solar energy is seamlessly incorporated into this vessel, as the Coupe’s curved roof features integrated solar panels capable of generating 4.2kW. These panels can recharge the batteries throughout the day, significantly extending the yacht's silent operating period.VIP cabin Comfort is not sacrificed in this efficient hybrid. The spacious interior mirrors that of the Sirena 48, featuring an expansive owner’s cabin, a VIP cabin, and flexible guest accommodation. The main deck’s sunlit saloon offers a stylish galley and dining area, ideal for gathering with family or friends.The broad bathing platform allows for versatile usage, whether for swimming, launching water toys, or simply soaking up the sun. Additional layout options provide customizable configurations, perfect for the owner’s particular needs, whether that means creating extra relaxation spaces or accommodating crew.With a draft of just 1.16 meters and a well-considered design, the Sirena 48 Hybrid Coupe promises to redefine yachting experiences in shallow waters and inland waterways. Genc concludes, “This innovative 48-foot family cruiser combines sharp styling, a flexible layout, and hybrid efficiencies, making it an unparalleled offering in today’s market.” Sirena Yachts is a Turkish yacht brand. The company produces semi-displacement motor yachts ranging from 17m to over 30m.Credit: Emre Boyoglu; Jeff Brown/Sirena Yachts
October 3, 2024
U-Boat Worx, a prominent name in the design and manufacturing of state-of-the-art submersibles for underwater exploration, is excited to announce pivotal changes aimed at solidifying its position as an industry leader. The introduction of new shareholders and the appointment of Bart van Nunen as the new CEO marks the dawn of an exhilarating chapter for the company, promising innovative advancements in the realm of underwater exploration.Bart van Nunen steps into the role of CEO, bringing a rich tapestry of experience and strategic vision that echoes the foundational values of U-Boat Worx. Meanwhile, company founder Bert Houtman will remain actively engaged as both a shareholder and ambassador, ensuring that his legacy and vision continue to influence the company’s trajectory. Bart van NunenAs U-Boat Worx looks ahead, it is committed to pushing the boundaries of innovation and leadership in submersible technology. The new management team aims to elevate the company’s technological prowess, broaden its global outreach, and introduce pioneering innovations that will redefine underwater exploration. Bart van Nunen expressed his enthusiasm, stating, “We are embarking on a journey of remarkable innovation. With the support of our new shareholders, we can continue to provide safe and unprecedented underwater experiences. Our focus on nurturing strong relationships with customers and partners will further cement our status as a trailblazer in this field.”While van Nunen may lack a background in the yachting industry, his extensive sailing experience, which includes global expeditions and work on traditional tall ships, equips him with a unique perspective on leadership. His previous successes in the technology and manufacturing sectors underline his capability to shape long-term strategies and expand businesses effectively.Central to U-Boat Worx's ongoing success is an unwavering commitment to customer satisfaction. To bolster this, the company is augmenting its field operations team, ensuring that clients receive exceptional support, training, and service, irrespective of their exploration locations. With a robust order book, U-Boat Worx continues to gain the trust of its clientele, demonstrating strong market demand for its premium submersibles. Since its establishment in 2005, U-Boat Worx has been at the forefront of submersible innovation, consistently prioritizing safety, performance, and comfort, enabling explorers to uncover the mysteries of the ocean depths.Credits: U-Boat Worx
October 2, 2024
Columbus Yachts unveils the images of M/Y Frette, the second unit in its prestigious Atlantique line, set for launch in 2024. This new series showcases an impressive range of models from 37 to 65 meters, epitomizing elegance and personalization. Named after the illustrious Frette brand, synonymous with high-quality Italian craftsmanship, the yacht is elegantly enhanced with Frette Bespoke linens, elevating its luxurious aura even further. Frette is not just a yacht; it is a masterpiece designed to meet the specific desires of its owner, featuring a bespoke interior layout that exemplifies the utmost in sophistication and detail.At 43 meters long, Frette is constructed with a robust steel hull and a sleek aluminum superstructure, boasting a maximum beam of 9.05 meters and a gross tonnage of 462 GT. The exterior and interior designs are creatively orchestrated by Hot Lab, while the naval engineering is expertly crafted in partnership with Hydro Tec. The vessel’s design philosophy is focused on creating an optimal maritime environment with a concept dubbed "Architecture for the Voyager," ensuring that every moment spent on board is thoroughly enjoyable.The exterior profile of Frette resembling a meticulously sculpted shell without sharp edges or abrupt changes in contours. This seamless design fuses the allure of classic sailing yachts with the modernity of a motor vessel, resulting in a fluid and natural elegance that is both inviting and assertive.Emphasizing the connection between indoor and outdoor spaces, Frette features expansive outdoor areas that invite the natural beauty of the sea. The standout feature is its "sailing" stern, which houses a striking central pool located just 50 centimeters above the waterline. This unique design element, complemented by foldable side wings, creates an immersive experience, giving guests a sensation of being directly linked to the ocean. In alignment with this fluidity, the yacht utilizes freestanding furniture – including polished ivory Flexform sofas and loungers – rather than rigid structural fittings, allowing for a versatile and harmonious environment.Upon entering the salon, one is immediately enveloped in contemporary elegance characterized by soft, rounded shapes and a sophisticated color palette. The ivory linen sofas and chairs designed by Paolo Castelli contrast beautifully with warm wood finishes, such as the herringbone-patterned brushed and bleached American walnut parquet. The visual drama is heightened by oak wood panels with various textures, o framing a state-of-the-art entertainment system.As you progress further into the yacht, the layout reveals the owner’s office, complete with a generous walk-in closet and an entertainment-friendly karaoke room. The interior design showcases a blend of oak parquet and walnut canaletto finishes, enhanced by custom furniture from Fendi, creating a lush retreat for relaxation and leisure.The galley, located on the port side, offers functionality and access to the crew quarters, while the upper deck promises unparalleled social interaction. Its airy layout features a semicircular outdoor seating arrangement that harmonizes outdoor living with intimate gatherings.The bow features an expansive sun lounge area, dominated by a panoramic pool, inviting sun worshippers to relax amidst luxurious surroundings. The sun deck is extensively equipped for casual meals and includes a well-planned barbecue area suitable for entertaining.Beneath the surface, Frette hosts five well-appointed double cabins, including two VIP suites and three twins, each featuring private bathrooms adorned with exquisite Calacatta white marble. Enhanced by light-infused design elements, each cabin promotes tranquility and restful experiences.Equipped with twin Caterpillar C32 Acert engines, Frette reaches a maximum speed of 15.5 knots and a cruising speed of 14.5 knots. Columbus Yachts was established in 2008. In early 2019, the shipyard launched the new flagship Columbus Classic 80m M/Y Dragon, which joins in the Columbus star-studded fleet with the award-winning Sport Hybrid 40 Divine, the 57m M/Y Taiba and the 40m M/Y Eleonora III. The Columbus range offers four different lines: Sport, Classic, Crossover and Custom for unique projects. Currently, Palumbo Superyachts comprises a representative office in Monaco and a logistics network of five shipyards in the Mediterranean (Ancona, Malta, Marseille, Naples and Savona), operating under just as many world-renowned brand names: ISA Yachts, Columbus Yachts, Mondomarine, Extra Yachts and Palumbo SY Refit.Credits: Columbus Yachts
October 2, 2024