How to Run a $14 Million Superyacht | WSJ Operating Costs

[@johndewey6358]

I had never felt so good about NOT having a 14 million dollar boat!

[@sunvegeta]

Funny you say that, cause I was feeling the same way!!

[@JudgeDredd_]

@@sunvegetaif we all pool together, we can afford 2 hours aboard this thing!

[@sunvegeta]

@@JudgeDredd_ 🤣🤣👍👍

[@johndewey6358]

@@JudgeDredd_ And we will all paddle too!

[@SoCalFreelance]

The two best days in a boat owner's life are the day they buy the boat and the day they sell it.

[@sierrapeaks]

For those commenting on the $1,800 an inch number. He is not talking about the area (square inch) that needs to be painted, he is talking about the length of the boat divided by the cost to paint. A 100 foot yacht is 1,200 inches long. At up to $1,800 a foot its, up to $2,160,000 to paint that boat.

[@emanuelfigueroa5657]

Thanks, that was kind of confusing.

[@huemann7637]

🤯

[@mikea5745]

Even Wall Street Journal misunderstood that. They tagged it as "$1800/Sq. In."

[@dynamo1796]

That still doesn't make sense because hull shapes vary hugely. Then you've got the super structure which also varies widely. A long hull with a thin beam will be quicker that a deeper drafted vessel of the same length, or with a wider beam. I guess he $1800 per inch is a reference but it shouldn't be considered more than a very very rough guide.

[@leaf16nut]

The *one* time where it is about the length 😏

[@G33KST4R]

Best advice I ever got was: If you can only afford one boat, then you really can't afford one. 😂

[@Iamalemonwhy]

that is true... anyone below 50 million net worth should not consider buying a yacht above 1 million price tag

[@BondJFK]

@@Iamalemonwhy you need 50 million annual profit from business to buy that thing

[@delraydad7516]

dayum why is the truth always so harsh

[@TravelwithPavel]

@@Iamalemonwhy thats not true, above 2 - 3 million as those are still owner operated yachts (Princess V60, Sunseeker Predator line and etc) the crew is half of the expenses.

[@cornishpasty4344]

My sibling works on a superyacht and a lot of her time is spent docked coordinating project managers, deliveries, and vendors working on upgrades and repairs. It's constant. In addition, making sure everything is stocked for crew.

[@guybeingaguy]

I’m in Fort Lauderdale and this is a HUGE business here. STUPID money! Working on them is just an entirely different world from your normal day to day service calls. Without reservation EVERY crew member, EVERY ONE, was the most pleasant, educated, well spoken and nicest person you could ever meet! Always great crew members for sure. My invoice was paid via Zelle without complaint before I could put my street shoes back on and return to my car. I believe Fort Lauderdale is like the LARGEST port city in the US to do yacht maintenance. If you want it done, you come here! Having the Bahamas 90 miles away helps too!

[@eamonshields2754]

Yes they call Fort Lauderdale “Venice of America” massive beautiful boats. Great point on the crew also. I’ve noticed that too with boat crews. They are almost always amazing, interesting, adventurous people. I Love Florida 🌴🌅🌊☀️

[@rvallozzi]

I’m from Fort Lauderdale too. The yachties who work these yachts sure can party lol

[@wib6044]

Just watching below deck and having lived in FL my whole life didn’t realize it was a major hub for this particular industry. Boating in general and cruises yes, but not the super yacht rental side of things.

[@guybeingaguy]

@@wib6044 Are you sitting down? Ready for other useless facts? I thought so👍 We are also known as the Venice of America or Little Venice because of our intercostal water way system. See google maps. Same intercostal permits free movement of large yachts to the Atlantic ocean and then sheltered and docked right outside your $100+ million mansion. We also hold the worlds (yes, worlds I think) largest boat show. Brings in MILLION$ every year. Google Fort Lauderdale boat show. Our city is also the gasoline supplier to ALL of south Florida and the Keys. Naples, Fort Meyers, Miami, West Palm beach. We receive MANY oil tankers daily and have storage and distribution all located at Port of Everglades. Also, goldfish don’t like Jell-O. Don’t ask.

[@couchpotatoes5158]

i saw a yacht in Croatia that cost $300m to purchase, $40m a year to run, had 32 crew, 3 helicopter pads, a heli hanger, a hospital, 3 pools, and a separate "support yacht" that cost an additional bunch of million a year. it amazes me how rich some people are. for those wondering it is called the Infinity

[@MrSilverfish12]

It´s because these people focus on their residual income instead of amount in the bank. I hate to sound like those wealth guru´s but this is actually how it works. $40m a year is peanuts if you earn $1million every 10min

[@BondJFK]

Its for tax saving The owner probably a invstor/founder in a publically trded company he pledge his shares to get loan to buy his yacht with this loan he dont need to pay income tax

[@LaSombraa]

If you’re buying a 300M yacht, you’re probably worth 10B+ at least….. and your yearly income insane.

[@couchpotatoes5158]

@@BondJFK yea, he’s the owner of Harbor Freight

[@David-ud9ju]

Pretty sure you saw a navy frigate. Did the crew have guns?

[@TheGardenMG]

I'm an accountant, and one of my client told me his happiest days with the boat is the day he bought it, and the day he sold it, even if you could comfortably afford the up keep, the constant expenses and issues with the ship is just plain annoying.

[@smplfi9859]

especially if you choose to not live the lifestyle and are just choosing as a monthly outing. you will never see the full potential realized in service and should opt for private charters to get a similar experience. if you want to circumnavigate get a smaller boat that can utilize wind!

[@johnyossarian9059]

Your client sure chose one of the most cliche sayings about boat ownership

[@hometownmedic7355]

Yeah, that’s a pretty original and profound client you have there…

[@thabiso_kgabung]

Nah that brother broke

[@Iamalemonwhy]

Superyachts are not worth the money but anything sub 80ft which are normal yachts are good for you if you have the money.... If you are sitting on 200 million USD then it would barely cost you 300k a year to maintain it and you can go on some great private tours with your family in that yacht.... even if your net worth shrinks 5 million for that yacht you still have 195 millions and some great memories for your life

[@SpaceMan101South]

I still remember the thanksgiving when my cousin came up from Miami to tell us about his new job working with HVAC. He somehow ended up working for a dude who owns a super yacht, and was getting paid 6 figures for it. The reaction from my dad will always be one of the funniest things I've seen at our dinner table. Almost spitting out his sweet tea and yelling out "You make how much!?".

[@simonsaysno]

Thanks for the video. Made me reconsider buying a brand new super yacht!

[@markE946]

Well that's really helpful when I've been researching the operational costs of owning a Sunseeker 115

[@PRIVATEYACHTTOURSNYC]

Nice video. I run a sailing charter business in New York Harbor. I keep things in top-tier shape and compliant, but my costs are nothing like those beasts. I also do most of my work myself in the off-season.

[@motoryachtloon]

Great video of Snowbird in LMC, Fort Lauderdale. We're a profitable charter yacht just need to run it like a business keeping an eye on expenses and having a good charter program.

[@ljacobs357]

Best friend you can have is a friend with a boat.

[@JAROJAN63]

You have convinced me! I don't buy a 14 milions USD yacht, .... and was quite close to. :)

[@PLuMUK54]

Caring for the environment is only for the little people! Private jet to get to the boat, forget the environment. A week around the Caribbean in a gas-guzzling yacht, forget the environment. The list goes on.

[@thenussbaum44]

You care for the environment, and I will have fun on the yacht.

[@mazterz]

No one gives an f about the climate scam

[@duckies717]

You too wouldn’t care about the environment if you had money. You cling to it because you hate seeing other people with money and it validates your miserable life 😂😂

[@thenussbaum44]

@@duckies717 If that what you think. Some one that has to be insulting like you says a lot about you.

[@zerocal76]

@@duckies717 na. I agree w his comment and im not miserable. The rich only care about anything that keeps them rich

[@evanhughes3027]

"Costs towards their health insurance" as the editor switches to a side shot of the captain with the belly ambling along. Nice touch.

[@posthocprior]

This didn't include the depreciation cost. If you assume that it depreciates say, like a BMW, which is quickly and fast and approaches about 10% of its new value in about 10 years, it's fair to say that an additional $1 million should be added to the cost of this $15 million yacht. Or, the true cost of ownership is likely $3 million per year.

[@opcn18]

Depreciation is heavily influenced by deferred maintenance and upgrades. In this category most yachts are 1 of 1 so it's really difficult to say what it will sell for in 5 or 10 years. There are some yachts that sell at 3 years for more than they cost new.

[@Iamalemonwhy]

you dont buy new yachts.... you buy 5 to 8 year old yachts and then do the interior work yourself

[@dougdavis8986]

Cars, on average, lose half their value in 3 years.

[@grondhero]

Cars lose value driving out of the dealership; super yachts don't. Depending on the market and the awesomeness of your vessel, you could actually sell your yacht for _more_ than it cost you because another rich person is willing to pay extra to have a new(ish) yacht "right now" than waiting a few years for their custom build.

[@KambizMostofi]

The cost of maintenance comes out to 10 percent of its purchase price. Thank you for sharing.

[@okothjames1758]

Y'all also forget, the more money you have the more the cost is pocket change, he said in the end most people that but big yatch really want to take care of them, even 5M a year is money most of these guys make in a good day

[@ropro9817]

And what about depreciation? I imagine it's much worse than a car's 30% per year

[@smplfi9859]

surprisingly enough catamarans have a great retention, because they are more attainable for most and function as a better bluewater livaboard that can utilize wind. but for anything else, your assumption is correct and this video illustrates how unless you choose to commit to the lifestyle of livaboard you will probably never see the value in your boat realized.

[@untouchable360x]

@@smplfi9859 Rich people don't like to buy used products.

[@Random_dud31]

​@@untouchable360xno. Super super rich people don't like it buy used products. But semi super rich don't mind.

[@FatGuyInaTruck]

It depends. If there's a big delivery delay, people will usually just buy a built vessel and retrofit it. That's why you see billionaires buying boats from other billionaires, because they don't want to wait 3-4 years for a custom build vessel.

[@uioplkhj]

​@@Random_dud31Depends. The crown prince of Saudi Arabia is worth hundreds of billions and bought a superyacht off of a Russian billionaire.

[@zoomdirt2]

The crazy thing is…there’s people that can afford this 😭😭😭😭😭 I’ve never felt so broke in my life

[@DenisonYachting]

Great job and thorough.

[@aaronwilson4258]

4:25 There's no way the paint costs $1800/in². If it was, that would mean a 10ftx10ft section would cost nearly $26 million. Painting an entire superyacht would cost billions of dollars. Does the WSJ no longer have editors?

[@psych0hans]

Someone mentioned above that it’s likely linear inch and not square inch, still seems excessive.

[@leaf16nut]

Comprehension skills lacking?

[@Thisguy1984]

Thank you wsj. I was about to buy a yacht. Now that I seen this video I’m not going to.

[@seleneIrisRegisteredNurse]

1.9 million a year to maintain seems like a good deal. I'm all in!

[@revanthkrishna5791]

CAT charges for spare parts are huge. They make crazy profit from it.

[@LMays-cu2hp]

Thank you for sharing this beautiful yacht.

[@jackmidd123]

Gosh this sucks, I feel really bad for the yacht owners having all these expenses. I’m literally crying.

[@Duck_31]

Feel bad!? It's not like someone put a gun on their heads and said buy a yatch or die. People can do whatever with their money

[@jackmidd123]

@@Duck_31 r/woosh

[@hanhb6047]

lol

[@behemothinferno]

So glad these toys are not a necessity of life. The expenses are eye watering!

[@somaghosh2960]

Yacht : A luxurious holiday destination.

[@Mrblobbster]

You have two happy days with a boat. The day you buy it and the day you sell it

[@alex0589]

Wow they got Spike Jonze to play the role of the yacht mechanic/engineer 2:24 amazing casting

[@davidr4523]

Based on these tremendous cost of maintaining a yacht it shocks me that super rich 1. Have and are willing to spend this money to have a yacht 2. How many days per year do they use this yacht. Don't they have other vacation places they go? 3. How much time do they have to be involved with the ships maintenance? Yes, I understand they delegate the work out, but they still have to approve the work and maybe even communicate with some of the vendors. It seems it would be so much easier just to charter these boats for 1 week to 1 month per year at the very most.

[@louisazraels7072]

its a status symbol, much more impressive to invite business partners and other peers onto your yatch than a rented yatch

[@mikea5745]

I don't think you have any concept for exactly how rich some people are. The ones buying yachts like these could afford an entire fleet of them if they wanted. They entirely delegate all the work for overseeing maintenance It's the modern equivalent of having a lawn 200 years ago. It's all about showing off how much money you can throw away

[@davidr4523]

@@mikea5745 I am involved in mergers and acquisitions so I see business owners selling their companies or going IIPO on a regular basis. Just hard to believe these smart people are willing to invest in a transaction that is a guaranteed operating loss of millions per year .

[@satyakammisra]

Tax purposes also. My company owner bought a Jet for $55 million to offset his next 3 years tax bills. He is kind enough to have me and family on his 150’ Sunseeker for 2 weeks every other year. We cruise Bahamas and Caribbean. He also spends several hundreds of thousands sometimes just to get his yacht transported to the Mediterranean or to Phuket. Yes, these yachts do not even cross the Oceans. Huge specialized yacht transporters drop them off at desired locations. The entire crew travels along and owner arrives to yacht location via his charter or own transport. Also, in Monaco during Formula 1 season, he is always outbid for berths or docking spaces. His boat is kept in “cheaper” berths at St Tropez. BTW, we had a catering bill of $20,000 one evening for dinner and drinks for 8 people.

[@VinhNguyen92]

For a billionaire, buying a 14 million yacht is equivalent to a millionaire buying a 14k Toyota. The amount of wealth they have is just incomprehensible for normal people.

[@kevindavis1361]

This a vell educational video !

[@mocktubelol3355]

Great, now I know all I need to buy one.

[@frankalbergo8120]

Excellent, thank you.

[@MikeKoss]

Your on screen graphics states marine paint is $1,800 per square inch. That is over $200,000 per square foot. You're off by a factor of 50,000 to 100,000!

[@motoryachtloon]

haha we thought the same thing..

[@sierrapeaks]

He is not talking about the area (square inch) that needs to be painted, he is talking about the length of the boat divided by the cost to paint. A 100 foot yacht is 1,200 inches long. At up to $1,800 a foot its, up to $2,160,000 to paint that boat.

[@MikeKoss]

@@sierrapeaks He said "per inch" but the graphics department put "per square inch" on screen.

[@elliottdiedrich3068]

@@sierrapeaks It is not $1,800/foot, it is per inch; 1200 inches long x $1,800/ inch = $2,160,000

[@guenthermichaels5303]

​@@sierrapeaksnever. Not for a 100 ft boat.

[@___asd159gh43]

Why is everything "gummed up" on yachts?

[@mattstiles-ok8yz]

I've always felt a yacht with wings is a better investment. 👍

[@DarrellLancaster-l5q]

I'm rethinking my yacht purchase.

[@VerzatileDev]

costumery tip of 18% for the crew, sorry what after paying 200 k to go on the boat in the first place and get out of the port, on top of that you have to pay 18% from that as a tip Or did I get it wrong ? 5:10

[@Iamalemonwhy]

this video is showing wrong information.... 80% of yachts dont have any crew, most are ownerdriven

[@mattrussell9724]

??????@@Iamalemonwhy

[@BaldKiwi117]

​@@Iamalemonwhy that's because most yachts aren't super yachts...

[@williamdrijver4141]

You might as well throw your money into the water. If it flies, floats or...., rent it.

[@waisinglee1509]

That's why some people call boats a hole in the water.

[@Iamalemonwhy]

people who have money dont think that way

[@tjkirk5138]

Fantastic overview on why we should eat the rich.

[@munyaradzimadhangi5626]

Educative didn't know about these expenses

[@skippyguy3]

Always reassuring to see a deck officer doing machinery related tasks...😳

[@dylanclash3944]

I mean, if you know Amazons AMZT66 you can have your own Yacht top kek

[@cesarjlisboa7586]

Wow! Great thanks!

[@hsuantingchen490]

great video!

[@mud664]

Its incredible how many rich people there are in the world today.

[@miracles-f2o]

What do you use on the teak flooring?

[@Asiablue]

If you can afford a yacht, you can afford to buy one under 80 feet. Happy sailing ⛵️

[@berry1669]

A boat is like hole in the water where you pore lots of Money into and it never ends

[@Luca-zq5lo]

Paint 1,800 $/sq. in. can't be right. It's almost 3M per square meter... and yachts have hundreds of square meters, easy!

[@Iamalemonwhy]

its not that expensive...

[@Luca-zq5lo]

@@Iamalemonwhy pocket money

[@Quorented]

This makes 100k a yacht charter seem like pennies all of a sudden... pppfewww 😂

[@AttilatheThrilla]

Honestly if I was rich enough to buy a super yacht.. I would just live on it for fun!!

[@nik3851]

Dude 100% I would for sure want to be able to sale and take care of it myself. I know I would need some help but I enjoy taking care of the things I have!

[@Grigorii-j7z]

I understand private jet - it's fast and comfortable, but I never understood yachts. What do you do for a month on one of this? Diving and swimming must be boring after one week.

[@mikeincognito]

depending what are you diving into.

[@thesolojourney8955]

Those caterpillar diesel engines ♥️

[@petejames1326]

id rather own a jet that way i can fly from bermuda to the cayman islands, onto monaco and than leichtenstein and switzerland

[@1962jimg]

Depreciation huge too

[@christianjack1250]

Great I want to buy this yacht

[@gvanys]

I would like to know how much cost to rent 1 for a month? I bet it won't be nowhere near 1.9 and am guessing the owners don't use it for more then a month annually.

[@sheepdog1102]

I now know why I don’t have a yacht.😊

[@iwantdog]

In what way shape or form is this an enjoyable way to spend your time and money??????

[@sov19871987]

I love my kayak 😂😂😂

[@goldfox399]

“If it flys, floats or f**ks… rent it” Felix Dennis

[@Iamalemonwhy]

"i dont have money"felix denis

[@thesolojourney8955]

Basically anything with a engine or a female.

[@DannyHarrell-oc1gm]

Beautiful 😍

[@cruise35able]

Yacht snow bird 13.9mil price 358gross tonnage volume 3.800nm range 12.000gallons= 45.000+liters Normally budget for a yacht would be no more than 10% of ur net worth . Cauz it's gonna cost u 10~20% of purchasing price for maintaining cost every year. 15~20% of ur net worth for yacht budget coud make your own yacht chartering yacht many times to earn maintaing cost .

[@CommissionerLofi]

Nice gotta sounds like i need to start a yacht club.

[@alex3261]

Very green.😊

[@Taxia123]

For billionaires, they don't care because it's relatively small compared to their earnings.

[@roycedot]

Why would electronics go bad sitting?

[@pikminlord343]

Great video!

[@ethanngo1307]

Conclusion: Rent it when you need it the most

[@Predikant]

The gentleman carrying out the service on the main propulsion units is quoting a figure of $ 60 K / annum. That sounds rather steep? One must assume that they are amassing high hours?

[@wolfpack6026]

I love the Wall Street Journal KZbin channel so much!!! You always post videos that 100% interest me! And these are not too long and extremely and perfectly informative! From Luxury to war infos! I feel like you make these video for me! I love this KZbin channel so much, it’s one of my favorites if not the favorite channel!!!!! ❤❤❤❤❤❤❤❤👏🏻👏🏻👏🏻👏🏻👏🏻👍🏻👍🏻👍🏻🙌🏻🙌🏻🙌🏻🙌🏻

[@hossam.egypt.3]

Thanx

[@damnjustassignmeone]

I’d love to see an estimate of Jeff Bezos’s carbon footprint.

[@therealthreadkilla]

The two best days of yacht ownership? The day you buy it and the day you sell it.

[@dannyquinn9128]

These figures make no sense. They said the yacht could be rented for $125,000 - $145,000 per week, which adds up to $5,200,000 per year. I understand it wouldn't be chartered every week, but even if it was chartered for 26 weeks per year, this still comfortably offsets the cost, which they claim to be $1,900,000?. Can someone with a bit more knowledge explain this please? I feel I may have missed something really obvious.

[@elishawhite7487]

No boats are chartered that often

[@dannyquinn9128]

@@elishawhite7487 how often are they chartered?

[@elishawhite7487]

@@dannyquinn9128 max liks 20 weeks a year most about 10 weeks

[@brandonadams7837]

Most yachts summer in Med and winter in Caribbean. Take out time the owner uses it and scheduled maintenance at the marina or dock, and most are only chartering 10-20 weeks annually.

[@Iamalemonwhy]

26 weeks a year.... a yacht costs 150k pw to charter... we dont have enough rich people to charter so many boats

[@georgelincoln5041]

Good info. I guess this means there is no such thing as a great deal on a used yacht.

[@carrickrichards2457]

A big historic house can also cost high % of the purchase price every year. With periodic big ticket items. And be used as little for globe trotters with diverse interests.

[@BornAgainCynic0086]

But they usually appreciate in value, boats do not.

[@veltcardio]

Well this is a problem I will never have !

[@reighbh13]

you can see why the charter business is so busy, unless u can justify the time and effort, you are better off paying a few hundred grand a year and chartering a large yacht and not have the hassles of ownership. However, if you use the boat a lot and see the value in it and you can afford it, then u need to accept the cost of ownership. a lot of 1% ers value the privacy and the ability to escape that a large yacht can give them and their families.

[@marclaaq]

Well, I guess my yatch dreams are no longer feasible. Definitely not at those prices.

[@woofolliesmydog8628]

That’s why they say, if it floats, or flies…..it’s better to rent it.

[@ottodiesel9992]

What about depreciations???

[@philwilliams953]

The carbon emissions from superyachts are insane too.

[@francismarion6400]

Plants are happy about that

[@philwilliams953]

​@@francismarion6400 Have you been talking to them again?

[@davebrunson125]

You left out internet. Almost 1 million a year for net that most of us would complain to be too slow

[@LanceCampeau]

So, only get one... Got it.

[@amorosogombe9650]

I'm guessing if you can afford to buy one maintenance isn't a problem.

[@cxa340]

All the rich bashing aside, people forget that these yachts are not like a car, these yachts create a lot of jobs for a lot of people because of how much they cost to maintain. In many seaside communities like in Florida these boats make it possible for a lot of locals to live in places like the keys and have good paying jobs.

[@Salutimondo]

Jealousy is blinkered unfortunately. Those jealous rich bashing people don't want to know about the inconvenient facts that you outlined.

[@iAPX432]

Docking costs 43.50 to $7.50 per feet per day? That's only $622.50 at max for this 83-feet superyacht with at least 3 rooms and a the owner suite, and Spa. Thinks about it.

[@michaelfincham2749]

It sounds like a lot of money to us, but if you're a multi-millionaire pulling in 100 million + a year. that means the boat is 14% of your income and the upkeep is 2% of your income. 2 and 14 million dollars is pocket change to these guys when it's something they want.

[@okothjames1758]

Still haven't considered one big problem, how to dock my helicopter on my yatch?

[@DannyHarrell-oc1gm]

How

[@michaelmajid5142]

So how do they make revenue ? Tourism?

[@paulkersey2179]

I think its all worth it.

[@IntegralKing]

it's not $1800 per SQUARE inch. when the guy said $1800/inch, he meant $1800 per LINEAR inch, which, on a 100ft boat, is $2.16M. Probably won't be that much, maybe a quarter of that.

[@johnb5231]

If it floats, flys or f*c*s, rent it!

[@RussellD11]

Motor LOON is $600K per week :)