People for whom money is no object—billionaires—spare no expense in indulging their appetite for luxury assets.
Wealth-X has compiled a list of the 10 all-time most expensive luxury asset acquisitions. The top choice of the majority of these ultra-rich folks will come as no surprise. A couple may do so. Following are the acquirers, their luxury assets and their estimated net worth, according to Wealth-X.
(Also check out: Top 10 Most Ridiculous Luxury Items: 2013)
10. Alisher Usmanov, Uzbek-born Russian business magnate
Luxury asset: Yacht—Dilbar. The 361-foot steel yacht with aluminum superstructure was built by Lürssen Yachts and launched in 2008. She accommodates 20 passengers and 47 crew. The design is by Tim Heywood with interior done by Alberto Pinto. (Source: Superyachtfan)
Asset price: $263 million
Estimated net worth: $20 billion
8. Dmitry Rybolovlev, Russian businessman, investor, philanthropist and the owner of French football club AS Monaco FC. (Source: Wikipedia)
Luxury asset: Home, Monaco
Asset price: $286 million
Estimated net worth: $11.3 billion
8. Abdulla Al Futtaim serves as the chairman of Emirates Investment Bank P.J.S.C. and Al Futtaim Hc Securities Company, as chairman of Al-Futtaim Sons Co and as vice chairman of Al-Futtaim Private Company LLC. He also serves as vice chairman at Arab Orient Insurance Company PSC and as a director at Commercial Bank of Dubai PSC.
Luxury asset: Yacht—Radiant. The 361-foot yacht was launched by Lürssen Yachts in early 2009.
Asset price: $286 million
Estimated net worth: $4.9 billion
6. David Geffen, American business magnate, producer, film studio executive and philanthropist
Luxury asset: Yacht—Pelorus. The original owner of Pelorus was a Saudi businessman who already owned a 236-foot motor yacht that he wanted to extend. Designer Tim Heywood was commissioned to investigate this possibility, but could not find a really satisfactory result and instead proposed a new yacht of 279 feet. (Source: Boat International)
Asset price: $300 million
Estimated net worth: $6.6 billion
6. Mohammed bin Rashid Al Maktoum is the prime minister and vice president of the United Arab Emirates, and constitutional monarch of Dubai. (Source: Wikipedia)
Luxury asset: Yacht—Dubai. This vessel, 531 feet long, is the third largest yacht in the world. (Source: Wikipedia)
Asset price: $300 million
Estimated net worth: $17.4 billion