This Is the Largest Yacht in the World

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
This Is the Largest Yacht in the World

© makasana / iStock Editorial via Getty Images

Experts in yachts divide the largest ones into two categories. Ships in the larger category are called “superyachts” and they are at least 70 feet long. The very richest people in the world seem to compete with one another for the privilege of having the largest yacht on the oceans. Indeed, only billionaires can afford these ships. Several have price tags over $500 million. Jeff Bezos, founder of Amazon and the world’s richest man, is building a superyacht that will cost roughly that much.

The world’s largest yacht is called Azzam. Launched in October 2013, it is slightly longer than 180 meters, or over 590 feet. The largest warships in the U.S. navy, the Ford-class aircraft carriers, are almost 1,100 feet long.

According to Boat International, Azzam can accommodate 36 guests and nearly 80 crew members. It was built for Sheikh Khalifa bin Zayed al-Nahyan, a member of Abu Dhabi’s royal family. Abu Dhabi is the capital of the United Arab Emirates, which is in one of the most oil-rich regions of the world. Abu Dhabi’s ruler, Khalifa bin Zayed bin Sultan Al Nahyan, is among the richest people in the world. Forbes claims his extended family is worth $150 billion.

Azzam’s dual water jet engines can power it to a maximum speed of an extremely fast 31 knots per hour. The ship weighs over 13,000 tons. It was built by German shipyard Lürssen, which builds both yachts and Navy ships. It is one of the oldest such facilities in the world, founded in 1875.
[nativounit]
With the number of billionaires in the world growing, the race to own the largest yacht is not over. It is safe to assume that Azzam will be overtaken in the next decade.

Click here to who is the richest American of all time.
[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618