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ULYSSES Yacht – World-class $250 Million Superyacht

The owner commissioned the extraordinary superyacht with Norway-based shipyard Kleven.

She features exterior designs from H2 Yacht Design and naval architecture Oscar Mike Limited and Marin Teknikk AS.

The fantastic explorer yacht was delivered in 2018, replacing the owner’s previous 107m superyacht, ANDROMEDA.

ULYSSES yacht interior

The striking interior of the ULYSSES Yacht features design from British company H2 Yacht Design .

ULYSSES has accommodation for 30 guests in 15 cabins across the expansive size of the yacht. The yachting experience is luxurious, with a crew of 48 accommodated in 24 cabin spaces.

She has five spacious decks and features a massive shaded pool area with a luxurious lounging area.

The ULYSSES yacht is loaded up with tenders, including a custom 21-meter Princess 68 yacht. She also features a helipad and hangar for her Bell 429 helicopter.

The helicopter is the perfect way to ferry guests on and off the vessel and explore the surrounding areas.

There is generous storage for large tenders, toys, and land vehicles. The Jacuzzi and sun pads are along the stern where guests can take in sweeping views.

ULYSSES features a large swimming platform that is the perfect spot for guests to relax beside the water and take a dip in the ocean.

The social areas are complemented by a wine bar, cinema, sauna, and a large gym for the many guests to make use of.

The exterior of the ULYSSES features rugged designs and was delivered to her owner in 2018.

The builder was Kleven Maritime AS from Norway and features naval architecture and exterior design from Oscar Mike Limited and Marin Teknikk AS .

Her imposing exterior features a dark blue hull in steel and a white superstructure in aluminum.

The incredible yacht has an impressive exterior that reflects the luxurious interior of the vessel. She was most recently refitted in 2020.

Specifications

The 116.15m ULYSSES has a beam of 18m and a draft of 5m. The vessel has a displacement of 6862 gross tons and a range of 8000 nautical miles.

She has 2 Caterpillar engines. Her top speed is 12 knots, and she reaches a cruising speed of 10 knots.

She is classed as an expedition vessel and is the largest expedition yacht in the world, overtaking LUNA Yacht’s position as number one. The $250 million superyacht has an annual running cost of $20 – $30 million.

ULYSSES in Gibraltar

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Video: 116m superyacht ULYSSES delivered from Kleven

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By Oliver Pearson   25 June 2018

Following almost four years of construction, the breathtaking 116m/381ft motor yacht ULYSSES has been delivered to her discerning owner and is making a passage for Gibraltar.

Leaving Norway after a lengthy and secretive build phase, superyacht ULYSSES is now out on her maiden voyage to the Mediterranean .

Built for a repeat client, the Kleven shipyard built the former ULYSSES which is now known as the 107m/352ft expedition yacht ANDROMEDA back in 2015. Norwegian-based Marin Teknikk were responsible for exterior design and engineering. Whilst British stylists H2 Yacht Design were responsible for the interior spaces on board the original ULYSSES, the team at Redman Whiteley Dixon (RWD) have been brought in to finish the brand new ULYSSES.

Whilst the brand new superyacht ULYSSES is 9 metres longer than her predecessor, she is also larger in terms of gross tonnage (GT). Indeed, ULYSSES boasts an interior spaciousness of 6700 tonnes, whilst the former ULYSESS has an internal volume of 5937 tonnes. To get a better understanding of the difference between the two superyachts, consider that superyacht ULYSSES is 8% larger and 13% more spacious than the one that came before her.

As a state of the art expedition yacht, it will come as no surprise to learn that ULYSSES boasts a commanding fleet of tenders which will allow her owner and his guests to get out and explore even the most faraway reaches of the world’s waters.

Indeed, there is space on the bow dedicated for storing a Princess 68 as well as an impressive sports fisher which are both sure to provide plenty of options to those on board. Similarly, the amidship section is home to a helipad for a Bell 429 helicopter which will make accessing various destinations as convenient as possible. The hangar on the top deck also provides some excellent storage for this additional feature.

Perfectly equipped to take on the world, the brand new expedition yacht ULYSSES is unquestionably in a league of her own

Based on naval architecture designed by industrial ship builder Marin Teknikk, superyacht ULYSSES is capable of comfortably cruising with up to 66 guests on board. As images of her interior are yet to be published, there is still plenty of speculation surrounding ULYSSES and the features she’s certain to feature inside.

As more information becomes available regarding superyacht ULYSSES, YachtCharterFleet will be sure to keep readers fully up to date.

Though M/Y ULYSSES is not expected to be made available for charter, be sure to view and compare all expedition yachts for charter .

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107m mega yacht Ulysses sold to new owner

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Written by Maria Korotaeva

107m/351ft luxury yacht ULYSSES from Norwegian shipyard Kleven has been sold to a new owner after a year on the market. Built in 2015, Dörries Maritime and Marin Teknikk were both involved with the creation of this exceptional superyacht. Oscar Mike was responsible for the exterior styling while H2 Yacht Design outfitted her interiors.

The previous owner of ULYSSES, Graeme Hart, put the yacht on the market in 2016, asking US $195 million. The reachest man in New Zealand, Hart has owned a number of luxury superyachts, including Grand Rusalina (ex Ulysses) built by Trinity Yachts . Another mega yacht to soon join his feel is Ulysses 116m,  which is currently undergoing sea trials and is due for delivery in 2018.

M/Y ULYSSES was spotted in May off the coast of Gibraltar following a refit before the Mediterranean yachting season. Among the changes were a newly repainted and faired hull, new crew cabins, a new luxury tender and balconies added to the VIP suites.

Guest cabin

Ulysses – outdoor living space

Designed as an explorer yacht, ULYSSES is able to cruise for long periods without refueling. Up to 30 guests can live aboard, surrounded by amenities for relaxation and exploration that include a swimming pool and a helipad.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "107m mega yacht Ulysses sold to new owner".

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Mark Zuckerberg from Facebook bought 107 meter superyacht Ulysses

The founder of Facebook Mark Zuckerberg purchased an ultra-luxury yacht named “Ulysses” for $150 million in Monaco Yacht Show in September, which is normally listed at $195 million.

The yacht Ulysses has a private helicopter, a separate 24-meter tender boat, an extra 4x4 car and a motorcycle. Mark Zuckerberg, 10 th reachest person in the world with an estimated wealth of $75 billion, saw 107-meter yacht Ulysses at the yacht show in Monaco and bought the yacht later on without making any advertisement by a secret. Zuckerberg made a huge discount on the price of the yacht just because the yacht is for sale more than a year.  The estimated monthly cost of the yacht is $2 million.

Zuckerberg with his wife Priscilla Chan, who has been using the yacht Ulysses for the last five months, were seen in the Pacific lately.

Mark Zuckerberg purchased the yacht from Graeme Hart, a billionaire from New Zealand known for his strong passion for luxury yachts. Graeme Hart was born in 1955, worked as a bus driver and now has a fortune worth $8 billion. According to the Forbes 500 ranking, Hart, who owns the investment firm Rank Group, is the world’s 214th richest person.

Jeff Bezos, the 4th richest person in the world, has also a new boat under cosntruction. You can find news about it here: Jeff Bezos is constructing a 127-meter sailing yacht at Oceanco

The yacht Ulysses was built at the Kleven shipyard in Norway. The 107-meter Ulysses has a 24-meter tender vessel, a helicopter with its own hangar, ATVs and 4x4 vehicle. The ultra-luxury yacht can sail halfway around the world without refueling and is designed to endure the toughest weather conditions, including the arctic circles and the world’s hottest regions.

Ulysses can host up to 30 people in 15 private suits. The yacht has 43 crews and 20 rooms for crew members. It can reach a maximum speed of 15 knots.

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The new owner of explorer superyacht Ulysses is Facebook’s Mark Zuckerberg?

According to various news outlets

According to Turkish news outlet Hurriyet and Norwegian Dagens Naeringsliv , the new owner of explorer superyacht Ulysses in no other than Facebook mogul Mark Zuckerberg.

Despite these reports, the identity of the new owner remains unconfirmed.

Built in Norway by Kleven Verft shipyard, the 107m superyacht was previously owned by Graeme Hart, a top businessman from New Zealand.

With interiors styled by H2 Yacht Design, Ulysses can accommodate 30 guests in 15 suites. It also includes an entire deck dedicated to the owner. The crew quarters allows for a staff of 42 people.

The vessel has a helicopter landing platform and hangar plus a professional cinema with surround sound system. Two elevators are serving all decks. A heated swimming pool, a beach club, gym, spa and a large garage filled with water toys are also available on board.

The sale was announced in October last year, after one year on the market. She was listed for sale at an asking price of $195 million.

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The Truth About Ulysses Yacht and Who Owns It

Many millionaires and billionaires like to straddle the fence between being in the public eye but also being very secretive about their public lives and Mark Zuckerberg is no different. In 2017 there were numerous articles published about him purchasing a yacht called Ulysses that were soon followed by denials that he had purchased the yacht. So did he purchase the yacht? And if not, who does own the Ulysses? Let’s take a look!

History of the Yacht Ulysses

The yacht Ulysses was built by Kleven Shipyard out of Norway in 2015 and was the largest expedition yacht they’d ever built. It was launched in 2016. It was first owned by New Zealand billionaire Graeme Hart and then rumor has it that Zuckerberg purchased it in September 2017. However, a spokesman for Zuckerberg posted on Facebook shortly thereafter saying Zuckerberg didn’t buy Ulysses and didn’t own any yacht at all.

The story originally came from a Turkish newspaper and, since its publication in September 2017, has spread to numerous other websites that essentially rehash the original details about the explorer yacht in general with Mark Zuckerberg’s name attached. 

However, other sources indicate that the yacht was indeed sold in 2017 but not to Zuckerberg. Instead, the buyer was listed as Russian billionaire Yuri Milner. After purchasing the yacht he renamed it Andromeda.

Milner has also denied ownership but the difference between his claims and those of Zuckerberg is that Milner has reportedly been seen on the yacht and the address registered for the company that owns the yacht is the same address as one of Milner’s companies. So it seems likely that Milner is the owner, and certainly much more likely than Zuckerberg.

So Who Is the Ulysses Yacht Owner?

Based on that, it seems very likely that this is not Mark Zuckerberg’s yacht, but Yuri Milner’s. That said, there are so many results that come up when you Google this yacht or Mark Zuckerberg’s yacht, it’s good to have something to clarify the issue. The idea of billionaire yachts has been big news for some time with stories about the yachts belonging to people like Jeff Bezos , Bill Gates and even Michael Jordan making headlines.

And with that, we can still dive into what we know about the yacht aside from who owns it.

Features of the Andromeda

Like any superyacht, there are some remarkable features onboard Ulysses/Andromeda that make it a real standout. Part of the confusion over getting to the bottom of this comes from the name change from Ulysses to Andromeda. There are actually several yachts bearing these names and Graeme Hart has named at least 3 different yachts Ulysses over the years as well. That aside, let’s take a tour of what we know about the yacht Andromeda/Ulysses features, even if it’s hard to pinpoint who is enjoying all these amenities.

There’s a steel hull and an aluminum superstructure. The deck is teak. Because it’s a yacht designed for exploration it’s a lot more rugged and durable than the average pleasure boat. It’s able to handle extreme weather and is ice-classed to allow for arctic travel. 

Length and Dimensions of the Andromeda

To start with some technical specs, let’s look at the yacht by the numbers.

• 107.4 meters in length or 352’4”
• 18 meter beam or 59’1”
• 5.01 meter draft or 16’5”
• 5,937 gross tonnage
• Crew capacity of 43
• Passenger capacity of 30

Interior of the Andromeda

To start with, the most noticeable features across the 6 decks of the Andromeda is both a helipad and a helicopter hangar for when you need to get back to shore double quick. There’s a large swimming pool on board for those not into salt water and for those who are, a tender garage that is loaded with all kinds of water toys. This includes a nearly 70 foot tender and also a pair of custom cranes to help launch and store it on board. This tender is actually a two-deck vessel in its own right so, essentially, the Andromeda has its own small yacht. 

There are surf boards, seabobs, flyboards and more available and that’s just for the water. If you want to go to shore the garage also holds motorcycles and even SUVs for travel on land. 

You can find a jacuzzi tub on deck as well, and tons of sun pads for lounging.

The interior was designed by British design house H2 Yacht Design. The look is said to be clean and modern but also luxurious. Rumor has it that the space inside cost about €20,000 per square meter. There is a cinema located on board with a Sony 300ES projector. The system comes with full surround sound and 3D projection.

Elsewhere there’s a luxurious full dining room, a wine cellar, a spacious lounge area for socializing, pool and parties. Guests can relax with a plunge pool, sauna, steam room, massage room and gym located to the aft of the main deck.

One deck of the yacht is reserved as a private owner’s deck and features not just luxury quarters but also a full-width lounge and a private balcony. 

Quarters on the Andromeda

There is room for 30 passengers on board and this is said to be split among 15 guest rooms.The crew is also purported to have 15 rooms to split though obviously less spaciously if it can handle 43. 

Guest cabins have floor to ceiling windows allowing for incredible ocean views. The master cabin, with its full beam width, has a panoramic view to the aft of the boat.

How Fast is the Andromeda?

Powered by a total of 6 Caterpillar DE 3516 engines, the Andromeda packs a punch. She has a total listed power of 6660 kw which works out to close to 10,000 horsepower. Despite that, she’s certainly not a speed demon. The top speed has been recorded as 17 knots. Her cruising speed is 15 knots. Her range is 8,500 nautical miles.

How Much Did the Andromeda Cost?

This one is a bit of a tough nut to crack. Initial stories about Zuckerberg buying the motor yacht quoted the price as $150 million sometimes and $195 million other times. But how reliable can either of those be if they didn’t even get the buyer right? Others stated the yacht was worth $195 million but Zuckerberg purchased it for $150 million. 

In 2022, Forbes reported on the yacht in the Caymans and at that time they said the yacht was valued at $129 million. So, with some depreciation, the $150 million figure could have been correct? Or it could have just been speculation much the same as the idea that Zuckerberg bought it. But, in any event, the $129 million valuation seems to be as accurate a number as we can currently get. 

To further confuse you, more recent articles about the Andromeda, which still acknowledge it as being formerly owned by Graeme Hart and having all the same features, list it as being a $250 million vessel.

The annual cost of keeping the yacht running has been estimated at anywhere from $15 million to $25 million.

Can You Charter the Andromeda?

The Andromeda is currently anchored in the Seychelles but it’s not available for charter and Milner, or whoever may own the yacht, is not very open about letting others on board as you can imagine with all this confusion and secrecy. 

The Bottom Line

The yacht once known as Ulysses is now called Andromeda. It is one of the largest and most impressive luxury yachts in the water. Though there is a persistent rumor that it was purchased by Mark Zuckerberg in 2017 it does not seem to be true and, in fact, Zuckerberg doesn’t seem to own a yacht at all. Instead, the vessel seems to have been purchased by Russian-Israeli tech billionaire Yuri Milner though he too has denied ownership. That said, some evidence does suggest it really is his.

The yacht, which cost anywhere from $150 million to $250 million features a helipad, luxury accommodations, room for 30 guests and a number of toys for those on board to use. It is not available for charter. 

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The successor to the 2015 yacht of the same name (now renamed Andromeda), Ulysses was commissioned by New Zealand's richest man Graeme Hart. As before, the rugged exterior design was developed in collaboration with naval architecture firm Oscar Mike, however British-based studio RWD has been drafted in to create the interior decor.

About MULTIVERSE , brought to you by BOAT Pro

MULTIVERSE, a 116.15 m Motor Yacht built in Norway and delivered in 2018, is the flagship of Kleven .

Her power comes from two Caterpillar diesel engines. She can accommodate up to 66 guests. She has a gross tonnage of 6862.0 GT and a 18.0 m beam.

She was designed by Oscar Mike .

The naval architecture was developed by Marin Teknikk , who has architected 2 other superyachts in the BOAT Pro database, and the interior of the yacht was designed by RWD (64 other superyacht interiors designed) and Oscar Mike - she is built with , a Steel hull, and Aluminium superstructure.

MULTIVERSE is in the top 5% by LOA in the world. She is one of 72 motor yachts longer than 100m.

MULTIVERSE is currently sailing under the Cayman Islands flag, the 2nd most popular flag state for superyachts with a total of 1390 yachts registered. She is known to be an active superyacht and has most recently been spotted cruising near Bahamas. For more information regarding MULTIVERSE's movements, find out more about BOAT Pro AIS .

Specifications

• Name: MULTIVERSE
• Previous Names: ULYSSES
• Yacht Type: Motor Yacht
• Yacht Subtype: Displacement , Expedition Yacht
• Builder: Kleven
• Naval Architect: Marin Teknikk
• Exterior Designer: Oscar Mike
• Interior Designer: Oscar Mike , RWD
• Refits: 2021,2021

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Financial advisors are quick to warn prospective owners that a boat is nothing more than a hole in the water in which to throw money. When it comes to superyachts , you'd better have bags and bags of cash.

As one luxury agent told Business Insider at the Palm Beach International Boat Show: "Buying a boat, it's a huge purchase — and nobody needs a yacht."

A superyacht, generally over 30 meters long, is one of the most expensive assets money can buy, with the largest costing more than a lot of real estate or a private jet. Billionaires like Jeff Bezos, Mark Zuckerberg, and Steve Jobs each spent nine figures on their megayachts.

That doesn't include operating costs. Owners should expect to pay about 10% of a yacht's new-build price each year, experts told Business Insider. That's tens of millions of dollars annually for the most luxurious boats.

"It's a small-to-medium-sized business in its own right," said Jeffrey Beneville, a senior vice president at insurance company NFP, where he specializes in consulting clients about yachts.

Unlike many smaller boats, superyachts need staff, not just a captain. Some superyachts have space for dozens of crewmembers , including a chef, engineer, and masseuse for the guests onboard. Each gets an annual salary — the highest-ranking members earn six figures — and benefits. Eric Schmidt's yacht fits a crew of 28 for a ratio of about two crewmembers per guest.

Then there's fuel, dockage fees, routine maintenance, and insurance. The latter hinges on everything from the reputation of a yacht's shipyard to where an owner wants to take it (if a vessel is taking frequent trips to the South China Sea, for example, expect to pay a higher premium). If a superyacht has a support yacht — or a support superyacht, in Bezos ' case — expect to pay another 10% of that boat's price annually.

"The cost to maintain a yacht is so high that they just think that money's getting lit on fire," Matthew Fleissig, the CEO of wealth management firm Pathstone, told BI of his clients who choose to charter rather than own.

One of his firm's clients who does own has a 23-meter yacht valued at $5.2 million. The annual cost to staff, maintain, dock, and insure the boat is $346,297, according to documentation provided to BI. The lion's share is spent on marina fees ($95,970) and maintenance work ($88,408.) While not exactly a Sunfish, that boat is too small to count as a superyacht.

At 106 meters, the Amadea, owned by a sanctioned Russian oligarch , definitely does. The $300 million yacht, which was seized in 2022 and is docked in San Diego, cost $922,000 a month to maintain, a court filing showed: $360,000 for crew salaries, $75,000 for fuel, $144,000 for insurance, $178,000 in dry-docking fees, and $165,000 for maintenance, waste removal, food for the crew, and miscellaneous expenses.

"And that's an inactive yacht that's in the water," NFP's Beneville said.

If it were operational and carrying guests, the costs would be about twice that, or between $20 million and $30 million a year, he added.

Of course, it makes more financial sense for the non-obsessives to charter, and many of Fleissig's clients do. And some owners choose to offer their yachts for charter — the most luxurious cost as much as $1 million a week — to offset the costs.

"If you charter the boat for 50 days a year, it's going to help a lot," Anders Kurtén, the CEO of brokerage firm Fraser Yachts, told BI.

Then again, the running costs don't matter as much at a certain point. "If you're worth $30 billion, it's nothing. And if you're worth $117 billion — and these are the guys we're talking about — they're in it as long as it's still enjoyable for them," Beneville said. "It's not a money thing."

Watch: Why South Sea pearls are so expensive

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16 superyachts owned by Russian oligarchs

Western sanctions over moscow's invasion of ukraine led to many luxury vessels being detained in europe.

Two superyachts linked to Russian billionaire Roman Abramovich were spotted on the Turkish coast on Tuesday, 'Eclipse' and 'My Solaris'. Mr Abramovich is among several wealthy Russians added to an EU blacklist as governments act to seize their yachts and other luxury assets. AP

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Several luxury yachts owned by wealthy Russians have been detained across Europe this month.

It comes after the West imposed sanctions on oligarchs over Moscow's invasion of Ukraine .

Some have taken evasive action – two such superyachts linked to billionaire Roman Abramovich were spotted approaching the Turkish coast on Tuesday. A group of Ukrainians tried to stop one of the yachts from docking in Turkey.

Chelsea FC owner Mr Abramovich is one of several oligarchs who were added to an EU blacklist last week as governments acted to seize yachts and other luxury assets owned by the billionaires.

Western sanctions resulted in many large vessels relocating from Europe in the past few weeks. Several have headed to places such as the Maldives, which have no extradition treaty with the US.

Where is the Abramovich-owned yacht heading?

Mr Abramovich's yacht Eclipse was seen heading towards Marmaris on Tuesday, according to data compiled by monitoring site Marine Traffic, which was seen by Reuters.

The previous day, his superyacht Solaris was moored in Bodrum, about 80 kilometres from Marmaris, data showed, after skirting waters of EU countries.

There was no suggestion Mr Abramovich was on board either of the yachts.

Ukrainians attempt to stop Abramovich's yacht docking in Turkey

Which yachts have been detained?

On Monday, a superyacht linked to another Russian billionaire was detained by authorities after docking in Gibraltar.

The Axioma , believed to belong to Dmitrievich Pumpyansky, moored at Gibraltar on the southern tip of the Iberian Peninsula, Reuters TV footage showed.

Mr Pumpyansky, who is under UK and EU sanctions, owns Russia's largest steel pipe maker TMK. Data shows the 72-metre vessel is owned by a British Virgin Islands holding company called Pyrene investments, Reuters reported. An article published as part of the Panama Papers leaks names Mr Pumpyansky as a beneficiary of the holding.

On March 12, the world's biggest sailing yacht, called Sailing Yacht A and owned by Russian billionaire Andrey Igorevich Melnichenko , was seized by Italian police.

Several other luxury yachts have also been detained across Europe, including in Gibraltar, Mallorca in Spain's Balearic Islands and the French coast.

Here are 16 superyachts linked to wealthy Russians

1. Eclipse , a superyacht linked to sanctioned Russian oligarch Roman Abramovich , was this week spotted heading in the direction of Marmaris in Turkey.

2. Solaris , belonging to Mr Abramovich , moored in Bodrum at the start of the week.

3. The Axioma superyacht, belonging to Russian oligarch Dmitrievich Pumpyansky , who is on the EU's list of sanctioned Russians, was detained by authorities after docking in Gibraltar on Monday.

4. The Crescent , which was seized by the Spanish government in Tarragona, Spain, on March 17. The ship's owner is not publicly known, although it is believed to belong to Russian Igor Sechin, head of Rosneft Oil in Moscow.

5. Ragnar , owned by former KGB officer and Russian oligarch Vladimir Strzhalkovsky, who is not on the EU sanctions list.

6. Tango , owned by Russian billionaire Viktor Vekselberg, who was sanctioned by the US on March 11.

7. Lady Anastasia , owned by Russian arms manufacturer Alexander Mijeev, is retained at Port Adriano, Mallorca, as a result of sanctions against Russia and Belarus issued by the European Union.

8. Valerie was seized by the Spanish government in Barcelona, Spain, on March 15. Spanish newspaper El Pais reported that the ship is linked to Rostec State Corporation’s chief executive Sergey Chemezov.

9. The $578 million Sailing Yacht A owned by Russian billionaire Andrey Igorevich Melnichenko was seized by Italian police in the port of Trieste on March 12.

10. The 156-metre Dilbar superyacht is owned by Russian billionaire Alisher Usmanov.

11. La Datcha belongs to Russian billionaire businessman Oleg Tinkov.

12. Lady M , owned by Russian oligarch Alexei Mordashov, was seized by Italian police on March 5.

13. Amore Vero was seized in the Mediterranean resort of La Ciotat on March 3 by French authorities. The yacht is linked to Igor Sechin, a Putin ally who runs the Russian oil giant Rosneft.

14. Quantum Blue , owned by a company linked to Russian billionaire Sergei Galitsky, the head of Russian oil giant Rosneft, was seized in southern France on March 3.

15. Superyacht Luna is owned by Russian billionaire Farkhad Akhmedov.

16. Triple Seven is owned by Russian billionaire Alexander Abramov, according to media reports. The yacht was last up for sale in 2020 for €38 million ($41.85 million).

Hot on the trail of 56 superyachts owned by Russian oligarchs and subject to seizure

• Published: Mar. 06, 2022, 2:04 p.m.

French authorities have seized the yacht Amore Vero linked to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, as part of EU sanctions over Russia's invasion of Ukraine. The boat arrived in La Ciotat on Jan. 3 for repairs and was slated to stay until April 1 and was seized to prevent an attempted departure. (AP Photo/Bishr Eltoni) AP

• The Associated Press

The massive superyacht Dilbar stretches one-and-a-half football fields in length, about as long as a World War I dreadnought. It boasts two helipads, berths for more than 130 people and a 25-meter swimming pool long enough to accommodate another whole superyacht.

Dilbar was launched in 2016 at a reported cost of more than $648 million. Five years on, its purported owner, the Kremlin-aligned Russian oligarch Alisher Usmanov, was already dissatisfied and sent the vessel to a German shipyard last fall for a retrofit reportedly costing another couple hundred million dollars.

That’s where she lay in drydock on Thursday when the United States and European Union announced economic sanctions against Usmanov — a metals magnate and early investor in Facebook — over his ties to Russian President Vladimir Putin and in retaliation for the invasion of Ukraine.

“We are joining with our European allies to find and seize your yachts, your luxury apartments, your private jets,” President Joe Biden said during his State of the Union speech Tuesday night, addressing the oligarchs. “We are coming for your ill-begotten gains.”

But actually seizing the behemoth boats could prove challenging. Russian billionaires have had decades to shield their money and assets in the West from governments that might try to tax or seize them.

Several media outlets reported Wednesday that German authorities had impounded Dilbar. But a spokeswoman for Hamburg state’s economy ministry told The Associated Press no such action had yet been taken because it had been unable to establish ownership of the yacht, which is named for Usmanov’s mother.

Dilbar is flagged in the Cayman Islands and registered to a holding company in Malta, two secretive banking havens where the global ultra-rich often park their wealth.

Still, in the industry that caters to the exclusive club of billionaires and centimillionaires that can afford to buy, crew and maintain superyachts, it is often an open secret who owns what.

Working with the U.K.-based yacht valuation firm VesselsValue, the AP compiled a list of 56 superyachts — generally defined as luxury vessels exceeding 79 feet in length — believed to be owned by a few dozen Kremlin-aligned oligarchs, seaborne assets with a combined market value estimated at more than $5.4 billion.

The AP then used two online services — VesselFinder and MarineTraffic — to plot the last known locations of the yachts as relayed by their onboard tracking beacons.

While many are still anchored at or near sun-splashed playgrounds in the Mediterranean and Caribbean, more than a dozen were underway to or had already arrived in remote ports in small nations such as the Maldives and Montenegro, potentially beyond the reach of Western sanctions. Three are moored in Dubai, where many wealthy Russians have vacation homes.

Another three had gone dark, their transponders last pinging just outside the Bosporus in Turkey — gateway to the Black Sea and the southern Russian ports of Sochi and Novorossiysk.

Graceful, a German-built Russian-flagged superyacht believed to belong to Putin, left a repair yard in Hamburg on Feb. 7, two weeks before Russia invaded Ukraine. It is now moored in the Russian Baltic port of Kaliningrad, beyond the reach of Western sanctions imposed against him this past week.

Some Russian oligarchs appear to have not gotten the memo to move their superyachts, despite weeks of public warnings of Putin’s planned invasion.

French authorities seized the superyacht Amore Vero on Thursday in the Mediterranean resort town of La Ciotat. The boat is believed to belong to Igor Sechin, a Putin ally who runs Russian oil giant Rosneft, which has been on the U.S. sanctions list since Russia annexed Crimea in 2014.

The French Finance Ministry said in a statement that customs authorities boarded the 289-foot Amore Vero and discovered its crew was preparing for an urgent departure, even though planned repair work wasn’t finished. The $120 million boat is registered to a company that lists Sechin as its primary shareholder.

On Saturday, Italian financial police in the port of San Remo seized the 132-foot superyacht Lena, which is flagged in the British Virgin Islands. Authorities said the boat belongs to Gennady Timchenko, an oligarch close to Putin and among those sanctioned by the European Union. With an estimated net worth of $16.2 billion, Timchenko is the founder of the Volga Group, which specializes in investments in energy, transport and infrastructure assets.

The 213-foot Lady M was also seized by the Italians while moored in the Riviera port town of Imperia. In a tweet announcing the seizure on Friday, a spokesman for Italian Prime Minister Mario Draghi said the comparatively modest $27 million vessel was the property of sanctioned steel baron Alexei Mordashov, listed as Russia’s wealthiest man with a fortune of about $30 billion.

But Mordashov’s upsized yacht, the 464-foot Nord, was safely at anchor on Friday in the Seychelles, a tropical island chain in the Indian Ocean not under the jurisdiction of U.S. or EU sanctions. Among the world’s biggest superyachts, Nord has a market value of $500 million.

Since Friday, Italy has seized $156 million in luxury yachts and villas in some of its most picturesque destinations, including Sardinia, the Ligurian coast and Lake Como.

Most of the Russians on the annual Forbes list of billionaires have not yet been sanctioned by the United States and its allies, and their superyachts are still cruising the world’s oceans.

The evolution of oligarch yachts goes back to the tumultuous decade after the 1991 fall of the Soviet Union, as state oil and metals industries were sold off at rock-bottom prices, often to politically connected Russian businessmen and bankers who had provided loans to the new Russian state in exchange for the shares.

Russia’s nouveau riche began buying luxury yachts similar in size and expense to those owned by Silicon Valley billionaires, heads of state and royalty. It’s a key marker of status in Moscow and St. Petersburg, and size matters.

“No self-respecting Russian oligarch would be without a superyacht,” said William Browder, a U.S.-born and now London-based financier who worked in Moscow for years before becoming one of the Putin regime’s most vocal foreign critics. “It’s part of the rite of passage to being an oligarch. It’s just a prerequisite.”

As their fortunes ballooned, there was something of an arms race among the oligarchs, with the richest among them accumulating personal fleets of ever more lavish boats.

For example, Russian metals and petroleum magnate Roman Abramovich is believed to have bought or built at least seven of the world’s largest yachts, some of which he has since sold off to other oligarchs.

In 2010, Abramovich launched the Bermuda-flagged Eclipse, which at 533 feet was at the time the world’s longest superyacht. Features include a wood-burning firepit and swimming pool that transforms into a dance floor. Eclipse also boasts its own helicopter hangar and an undersea bay that reportedly holds a mini-sub.

Dennis Cauiser, a superyacht analyst with VesselsFinder, said oligarch boats often include secret security measures worthy of a Bond villain, including underwater escape hatches, bulletproof windows and armored panic rooms.

“Eclipse is equipped with all sorts of special features, including missile launchers and self-defense systems on board,” Cauiser said. “It has a secret submarine evacuation area and things like that.”

Eclipse was soon eclipsed by Azzam, purportedly owned by the emir of Abu Dhabi, which claimed the title of longest yacht when it was launched in 2013. Three years after that, Usmanov launched Dilbar, which replaced another slightly smaller yacht by the same name. The new Dilbar is the world’s largest yacht by volume.

Abramovich, whose fortune is estimated at $12.4 billion, fired back last year by launching Solaris. While not as long as Eclipse or as big as Dilbar, the $600 million Bermuda-flagged boat is possibly even more luxurious. Eight stories tall, Solaris features a sleek palisade of broad teak-covered decks suitable for hosting a horde of well-heeled partygoers.

But no boat is top dog for long. At least 20 superyachts are reported to be under construction in various Northern European shipyards, including a $500 million superyacht being built for the American billionaire Jeff Bezos.

“It’s about ego,” Cauiser said. “They all want to have the best, the longest, the most valuable, the newest, the most luxurious.”

But, he added, the escalating U.S. and EU sanctions on Putin-aligned oligarchs and Russian banks have sent a chill through the industry, with boatbuilders and staff worried they won’t be paid. It can cost upwards of $50 million a year to crew, fuel and maintain a superyacht.

The crash of the ruble and the tanking of Moscow stock market have depleted the fortunes of Russia’s elite, with several people dropping off the list of Forbes billionaires last week. Cauiser said he expects some oligarch superyachts will soon quietly be listed by brokers at fire-sale prices.

The 237-foot Stella Maris, which was seen by an AP journalist docked this past week in Nice, France, was believed to be owned by Rashid Sardarov, a Russian billionaire oil and gas magnate. After publication of an earlier version of this story, AP was contacted Sunday by yacht broker Joan Plana Palao, who said his company represents a U.S. citizen from California who purchased the Stella Maris last month. He declined to disclose the name of the buyer or the person from whom the boat had been purchased.

On Thursday, the U.S. Treasury Department issued a new round of sanctions that included a press release touting Usmanov’s close ties to Putin and photos of Dilbar and the oligarch’s private jet, a custom-built 209-foot Airbus A340-300 passenger liner. Treasury said Usmanov’s aircraft is believed to have cost up to $500 million and is named Bourkhan, after his father.

Usmanov, whose fortune has recently shrunk to about $17 billion, criticized the sanctions.

“I believe that such a decision is unfair and the reasons employed to justify the sanctions are a set of false and defamatory allegations damaging my honor, dignity and business reputation,” he said in a statement issued through the website of the International Fencing Federation, of which he has served as president since 2008.

Abramovich has not yet been sanctioned. Members of the British Parliament have criticized Prime Minister Boris Johnson for not going after Abramovich’s U.K.-based assets, which include the professional soccer club Chelsea. Under mounting pressure, the oligarch announced this past week he would sell the $2.5 billion team and give the net proceeds “for the benefit of all victims of the war in Ukraine.”

Meanwhile, location transponders showed Solaris moored in Barcelona, Spain, on Saturday. Eclipse set sail from St. Maarten late Thursday and is underway in the Caribbean Sea, destination undisclosed.

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