Jeff Bezos, the founder of Amazon, has made headlines with his business ventures and extravagant lifestyle.
One of the most notable symbols of his wealth is his superyacht Koru, which costs approximately $500 million. This luxury sailing yacht of 130 meters, built by Oceanco, has three towering masts and is the tallest sailing yacht in the world.
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Inside the superyacht Koru
Koru’s design is a marvel of modern technology and luxury. The yacht has three decks, one of which has a swimming pool, gym, spa and sauna. The interior is crafted with the finest materials and offers unparalleled comfort and aesthetics.
Advanced technology allows Koru to be powered primarily by kinetic energy from its sails, reducing the need for a large crew and increasing environmental sustainability.
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Annual operating costs
Owning a superyacht like Koru comes with significant annual costs. The estimated cost of running and maintaining Koru is around $25 million per year. Here is a breakdown of these costs:
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Crew salaries: The yacht can accommodate up to 36 crew members. Given the high skill level required, annual crew salaries can be significant, but specific figures are not mentioned in the sources.
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Maintenance: General maintenance, including repairs and refits, can cost tens of millions. According to Luxury Launches, refits alone can cost up to $20 million.
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Fuel: Fueling the yacht can cost more than $500,000 due to its large fuel capacity.
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Insurance: The annual insurance cost for a yacht like Koru is approximately $5 million.
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Docking costs: Docking costs in prime locations can be around $5,000 per night, which equates to hundreds of thousands of dollars per year.
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Utilities and Amenities: Operating the onboard facilities and utilities, including electrical and entertainment systems, can potentially cost between $1 million and $3 million per year.
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Security: Additional security measures for such a valuable ship can cost several million dollars annually.
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Luxury Maintenance: Maintaining the yacht’s luxurious interior and furnishings can range from $2 million to $5 million per year.
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Koru is often seen cruising in various luxury destinations around the world. However, it is mainly kept in European waters, especially in the Mediterranean Sea. The yacht has also been spotted in the Caribbean and along the coasts of the United States, particularly near Bezos’ homes in Florida.
Bezos’ Spending Spree and Florida Homes
Jeff Bezos’ purchase of Koru is part of a broader pattern of high-value acquisitions. In addition to his superyacht, Bezos has spent a lot of money and acquired several properties in recent years. He has recently invested in several luxury homes in Florida’s exclusive ‘Billionaire Bunker’.
Bezos’ net worth is rising
As of early 2023, Jeff Bezos’ net worth was $107 billion. By early 2024, this had risen to $177 billion, a profit of $70 billion, according to Fortune. This translates to an increase of $191.8 million per day or approximately $8 million per hour. To put this in perspective, Bezos earns the equivalent of the average lifetime income of an average American worker ($1.7 million in 2023) in about 12.76 minutes.
Bezos’ spending reflects his vast wealth and his interest in maintaining a luxurious lifestyle as he expands his investments in various sectors.
Koru is an important symbol of his wealth and taste for luxury. The costs associated with owning and operating such a ship are significant, but only a fraction of his total fortune. While Bezos continues to expand his real estate holdings and enjoys his time on Koru, his lifestyle remains a subject of fascination and envy.
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This article It Costs $25 Million a Year to Keep Jeff Bezos’ $500 Million Luxury Superyacht Afloat – But He Makes That in Just 3 Hours originally appeared on Benzinga.com
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