10 Most Expensive Luxury Asset Acquisitions Of All-Time
Superyachts Most Popular Luxury Asset Among Top Billionaires
As the year-end festive season approaches, Wealth-X, the world’s leading ultra high net worth (UHNW) intelligence provider, looks back at the all-time top 10 most expensive billionaire luxury asset acquisitions.
As money for them is no object, billionaires from Oracle CEO Larry Ellison to Russian tycoon Alisher Usmanov have spared no expense in indulging their appetite for luxury assets such as private islands or top-of-the-line superyachts.
The Wealth-X list shows that luxury yachts are the most popular luxury asset acquisition. Eight of the 10 billionaires in the list own these luxury vessels.
At number one on the list is UAE President Khalifa Bin Zayed Bin Sultan Bin Zayed Al Nahyan (also known as Sheikh Khalifa) who purchased the world’s largest megayacht Azzam in 2013 for a reported sum of US$627 million. Wealth-X calculates that the value of the yacht is merely 3.5 percent of Sheikh Khalifa’s net worth of US$17.9 billion.
Measuring a whopping 590-feet, Sheikh Khalifa’s Azzam is the biggest yacht in the world, overtaking Russian tycoon Roman Abramovich’s 533-feet yacht Eclipse, which was the world’s biggest for the past three years.