Many people may wonder what it is that defines a superyacht. Since the 1990’s more and more of these beasts have been built, including the Lionheart owned by British businessman Sir Philip Green which is based in Monaco and cost over £100 million. Sir Philip also owns three other yachts – Lioness, Lionchase, and Lion Cub. (Quite why anyone needs four yachts is a matter of mystery to some). However, even Lionheart is overshadowed by some of the yachts owned by Russian oligarchs, and the world’s most expensive yacht is the History Supreme which was commissioned by an anonymous Malaysian businessman, is covered in gold and platinum, and cost $4.5 billion!
A superyacht is defined as any yacht that is 24 metres or more in length, is commercially operated, and has a professional crew. It can be sail or motor powered, but most are motor powered.
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