New York (CNN Business)Today in ultra-billionaire news, Amazon founder Jeff Bezos has purchased a modest 100-foot schooner as he looks forward to a quieter life and hours of reflection on the open seas ... LOL, just kidding.
The world's richest man is reportedly buying a boat, though that word feels inappropriately sensible for the monstrosity going to Captain Bezos: a 417-foot superyacht that's so massive it has its own "support yacht" with a helipad, according to Bloomberg. The estimated cost, not including the boat's support boat, is $500 million.
The luxury yacht's Dutch manufacturer, Oceanco, hasn't released many details about the vessel, called Project 721. The company didn't immediately respond to requests for comment.
Half a billion bucks is an inconceivable amount of money for most people, but it's a small fraction of the $75 billion that Bezos gained in 2020 alone. His total net worth stands just shy of $200 billion, according to Bloomberg.
Amazon (AMZN) stock, the primary source of Bezos' fortune, rose a staggering 75% last year as the pandemic upended consumer behavior in the company's favor — and Wall Street, flush with easy cash thanks to the Federal Reserve, piled into tech stocks.
Read More: Edition.cnn.com
Comments
Post a Comment