10 Most Expensive Luxury Asset Acquisitions Of All-Time list compiled by Wealth-X shows that luxury yachts are the most popular luxury asset acquisition. Eight of the 10 billionaires in the list own these luxury vessels.
According to the ultra high net worth (UHNW) intelligence provider, billionaires from Oracle CEO Larry Ellison to Russian tycoon Alisher Usmanov have spared no expense in indulging their appetite for luxury assets such as private islands or top-of-the-line superyachts.
At number one on the list is UAE President Khalifa Bin Zayed Bin Sultan Bin Zayed Al Nahyan (also known as SheikhKhalifa) who purchased the world’s largest megayacht Azzam in 2013 for a reported sum of US$627 million. Wealth-Xcalculated that the value of the yacht is merely 3.5 percent of Sheikh Khalifa’s net worth of US$17.9 billion.
Russian vodka tycoon Yury Shefler comes in fourth on the list with his luxury yacht Serene, an asset that – with aprice tag of US$300 million – represents over 20 percent of his net worth of US$1.6 billion.
Ellison’s US$500 million acquisition of Lanai Island in Hawaii in 2012 ranks second on Wealth-X’s list. He was
named top billionaire island owner by Wealth-X in June 2013, beating other billionaires such as Google CEO Larry
Page and Microsoft co-founder Paul Allen.
10 MOST EXPENSIVE LUXURY ASSET ACQUISITIONS OF ALL-TIME:
1. Khalifa bin Zayed Al Nahyan – Luxury Asset: Yacht, Azzam – $627 Asset Price (in US$ million)
2. Larry Ellison – Luxury Asset: Lanai Island, Hawaii – $500 Asset Price (in US$ million)
3. Roman Abramovich – Luxury Asset: Yacht, Eclipse – $485 Asset Price (in US$ million)
4. Yury Shefler – Luxury Asset: Yacht, Serene – $330 Asset Price (in US$ million)
5. Andrey Melnichenko – Luxury Asset: Yacht, A – $323 Asset Price (in US$ million)
6. Mohammed bin Rashid Al Maktoum – Luxury Asset: Yacht, Dubai – $300 Asset Price (in US$ million)
6. David Geffen – Luxury Asset: Yacht, Pelorus -$300 Asset Price (in US$ million)
8. Abdulla Al Futtaim – Luxury Asset: Yacht, Radiant – $286 Asset Price (in US$ million)
8. Dmitry Rybolovlev – Luxury Asset: Home, Monaco – $286 Asset Price (in US$ million)
10. Alisher Usmanov – Luxury Asset: Yacht, Dilbar – $263 Asset Price (in US$ million).