Amazon founder Jeff Bezos has reportedly invested at least $ 500 billion on a mega yacht that will rival the best in the world and solidify it as a certified member of the Saint-Tropez jet set class.
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Bloomberg reported that the yacht – which has its own support yacht with a helipad – was ordered about two years ago – before the massive windfall for Amazon stock during the COVID-19 pandemic.
The report says the yacht will extend well over a football field and feature multiple decks. The report says the project – called Y721 – has been a closely guarded secret. Oceanco, the Dutch company behind the ship, declined to comment on the article.
The richest man in the world made headlines in 2019 when he was pictured in a photo on Hollywood mogul David Geffen’s yacht off the coast of Spain. Vanity Fair reported at the time that Bezos was joined by model Karlie Kloss, Josh Kushner and former Goldman Sachs CEO Lloyd Blankfein.
Sam Tucker, head of superyacht research at VesselsValue, told Bloomberg that the superyacht market is booming.
“You can’t get a place in a new yard,” he told the website. “They are totally reserved. “