Now in ultra-billionaire news, Amazon founder Jeff Bezos has bought a small 100-foot schooner because he looks ahead to a quieter life and hours of reflection to the seas… LOL, only kidding.

The world’s richest person is allegedly purchasing a boat, although that phrase seems inappropriately practical for the monstrosity visiting Captain Bezos: a 417-foot superyacht that is so enormous it has its “service yacht” using a helipad, according to Bloomberg. The estimated price, not including the ship’s support ship, is $500 million.

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The luxury yacht’s Dutch maker, Oceanco, has not released many details concerning the boat, known as Project 721. The company did not immediately respond to requests for comment.
Half a thousand dollars is an inconceivable quantity of money for most individuals, but it is a tiny portion of their $75 billion which Bezos earned in 2020 alone. His overall net value stands just shy of $200 billion, according to Bloomberg.
Amazon (AMZN) inventory, the principal origin of Bezos’ fortune, climbed a staggering 75 percent annually since the pandemic upended consumer behaviour in the organization’s favor — and Wall Street, flush with simple cash because of the Federal Reserve, piled in to technology stocks.
Bezos was not alone: US billionaires jointly gained $1.1 trillion in 2020, which makes them almost 40% wealthier than prior to the pandemic struck.
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Bezos probably put his ship order before the pandemic, but news of his extravagant brand new toy is placing a spotlight on still another industry profiting from the stock exchange boom and the pandemic’s disturbance of social interaction.
US ship sales reach a 13-year high last year, according to the National Marine Manufacturers Association — secure, socially remote pleasure for people who are able to afford it. Those sales signify more-familiar versions of powerboats and other watercraft preferred by mere mortals with no 10-figure fortunes for their titles, but the tendency tracks one of the yachting course too. Without a galas or lavish parties to attend, the wealthy are putting sail (or their teams are, anyhow ).
Present quarters for superyachts happen to be record-breaking, 1 analyst told Bloomberg. Producers of extravagant yachts can hardly keep up. “It is not possible to have a slot at a new-build lawn,” the analyst stated. “They are totally booked”

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