The Spark

“The emancipation of the working class will only be achieved by the working class itself.” — Karl Marx

Oink, Oink:
The super-rich buy super-yachts in super numbers

Oct 6, 2008

Even as the financial collapse swept the world news, multi-billionaires lined up in record numbers at the Monaco Yacht Show.

Demand for the largest super-yachts has never been higher, and it has set records each of the past several years. These huge ships stretch almost the length of two football fields and have up to 10 stories on them. They are outfitted with “standard” items like helicopters; leather-lined submarines; fleets of jet-skis and other small boats; indoor swimming pools; marble bathrooms with platinum sinks; multiple huge plasma TV screens; and, of course, hot tubs and exercise rooms. The price can reach over 400 million dollars.

One yacht designer said it best: “It’s as if they want to take possession of the entire environment around them – the sky, the water, and depths of the sea.”

But of course, the super-rich get tired of their yachts, so every few years they spend millions more on redecorating – trading out their walnut and platinum for ebony and gold, and hand-woven silk carpets.

Not everyone is hurting today. Some people have made out – like bandits!