Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

How £1m can buy you a billionaire's lifestyle (for a week at least)

Roman Abramovich is renting out his £300m vessel on the internet. But are there better ways of becoming one of the 'have-yachts'?

Tom Peck
Friday 22 July 2011 19:00 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The difference between the lowly managing directors and the lofty partners at Goldman Sachs, so the rather nauseating line goes, is that one are the haves and the other have yachts. Yacht ownership is indeed a preserve of the super wealthy. Italian yacht manufacturers CRN Spa say only 1,500 individuals in the world are rich enough to buy their boats.

Not even Christine and Colin Weir, who last week claimed the record £161m Euromillions lottery win, could afford such luxuries. But before Scotland's newest addition to the rich list get too disheartened, there is hope yet. The surprise emergence of the world's biggest yacht, Chelsea owner Roman Abramovich's 533ft Eclipse on a yacht charter website this week, has drawn attention to a lesser world of wealth – those who prefer to rent, not buy. Perhaps Mr Abramovich has got bored with his £300m vessel, with its two helipads, paparazzi-proof laser forcefield and escape submarine. Or perhaps his business nose has sniffed out the fact that leaving it unused for most of the year is uneconomical, with estimated £50m annual running costs.

Either way, meagre millionaires can taste the billionaire lifestyle. The price is not on superyachtsmonaco.com (available in English, Russian and Arabic), but a week on Eclipse in high season costs around £1.25m.

Cheaper options are also available. Silver Star Yachting offers luxury boats at more affordable prices. The 50ft Maori can hardly be described as being rough and ready – with an inbuilt shower and television – yet in the world of the mega-rich such boats are a snip at less than £2,500 a day.

Superyachts for rent

Baton Rouge

£400,000

Despite being only 205ft long the Baton Rouge is rented for around £400,000 a week in peak season. The ship was blessed by a local priest when it was first launched.

Christina O

£400,000

The Christina O has been gracing the seas since the Second World War. Among the celebrities to have gone on deck are Eva Peron, Sir Winston Churchill and Marilyn Monroe. Has been rented out for £400,000 a week since the death of its owner, the Greek businessman John Paul Papanicolaou

Fair Lady

£50,000

At just 121 feet the Fair Lady is one of the smaller luxury yachts. Perfect for watersports fans, it comes with waterskis, jet-skis and sailing dingy and costs around £50,000 a week.

Indian Empress

£600,000

Owned by the Indian liquor baron Vijay Mallya, the 311ft Indian Empress has elevators, a Jacuzzi and even Elton John’s baby grand piano. It costs nearly £600,000 a week during the summer.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in