🤔
The yacht crowd isn’t really concerned with national borders.
For rich people, it’s not about using it or making a practical purchase. Its a way to show others how much you care about them (none).
It’s the yacht that counts.
They mostly rent them. Yachts are so expensive to run that they’re not worth it for a mere millionaire.
Many yacht owners rent them out while they’re not using them as well.
Wait you can rent them?
Hmm I kinda wanna cosplay as a rich person for a day lol
Yes, I work in commercial insurance and we wrote the insurance for an entire portfolio of a family owned private equity. The father at the head of it owned multiple yachts and ran a side business renting them out when he didn’t use them. It essentially just made them cheaper to own.
You can rent anything if you have the money. Private plane, mansion, island, whole cruise ship, super cars, trip to space, trip in a submarine. I’m sure there must even be places that will let you use rent/use old military equipment like driving and possibly firing old tanks, etc.
There’s a place in Texas, outside San Antonio, where you can drive and shoot old tanks
Renting an island in 2025 💀
Yes. They can just take their private jet to where there is water.
~1500 sea-going yachts registered in Switzerland, so I’d say yes.
Which port?
The only port of registration for ocean-going yachts in Switzerland is Basel
Yes.
The occasional landlocked country has lakes too.
Kanye West lives in Wyoming.
Absolutely. They just take planes (and/or sometimes helicopters) to them.
The Swarovskis my friend worked for exclusively took helicopters to France and England. No idea why.
They’d sometimes do that for dinner and a sleepover.
*some You make it sound like every person with money owns planes and yachts.
even if their country has a port that doesn’t mean they keep their yacht there. better to fly to a Carribian island where the weather is nice than keep it near home and spend all that time sailing to where you want to be - boats are typically so slow that they would need to leave before they get there. If you want the yacht is some port you have the crew move it there and then you fly to it.
And even if they didn’t, their wealth still has to be taxed.
Of course.
