January 10, 2014

Top 10 Most Expensive Luxury Purchases Ever

Russian tycoons know how to spend their money

One tycoon purchased Serene, a 450-foot yacht, which isn't even the second biggest private yacht. (Photo: Wikimedia Commons) One tycoon purchased Serene, a 450-foot yacht, which isn't even the second biggest private yacht. (Photo: Wikimedia Commons)

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)

Alisher Usmanov

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

Dmitry Rybolovlev (Photo: Wikimedia Commons) 

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

Abdulla Al Futtaim

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

David Geffen (Photo: AP)

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

 Yacht—Dubai

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

Andrey Melnichenko (Photo: Wikimedia Commons)

5. Andrey Melnichenko founded MDM Bank in 1993. With fellow billionaire Sergei Popov, he began buying up assets in 2000, creating TMK, Russia's largest pipe exporter, as well as fertilizer maker Eurochem and coal producer SUEK. In 2006, the partners started splitting their business empire. Melnichenko kept Eurochem and a stake in SUEK. (Source: Forbes)

Luxury asset: Yacht—390 feet long, built in Hamburg in 2008 by Blohm + Voss.

Asset price: $323 million

Estimated net worth: $13.6 billion

Yacht—Serene (Photo: Wikimedia Commons)

4. Yury Shefler, Russian businessman who heads the SPI Group, a company he formed in 1997. SPI Group produces and distributes Stolichnaya vodka and other labels once owned by the former USSR. (Source: ZoomInfo)

Luxury asset: Yacht—Serene, constructed by Italian ship builder Fincantieri in 2010. The 450 ft. yacht has an onboard helicopter, a 50-foot pool and even a submarine built for two. (Source: motorussians.com)

Asset price: $330 million

Estimated net worth: $1.6 billion 

Yacht—Eclipse

3. Roman Abramovich, Russian business tycoon, owner of Chelsea Football Club, an English Premier League football team.

Luxury asset: Yacht—Eclipse. Eclipse is a luxury motor yacht constructed by Blohm + Voss of Hamburg. Her exterior and interior were designed by Terence Disdale Design and its naval architect was Francis Design. At 536 feet long, Eclipse is the world's second largest private yacht. (Source: Wikipedia)

Asset price: $485 million

Estimated net worth: $12.4 billion

 Larry Ellison (Photo: AP)

2. Larry Ellison, co-founder and chief executive of Oracle Corp

Luxury asset: Lanai Island, Hawaii

Asset price: $500 million

Estimated net worth: $46.4 billion 

Khalifa bin Sultan Zayed Al Nahyan

1. Khalifa bin Sultan Zayed Al Nahyan, president of the UAE and ruler of Abu Dhabi

Luxury asset: Yacht—Azzam, built by Lürssen Yachts and designed by Nauta BV. Azzam was launched on April 5, 2013, at 591 feet in length as the largest private yacht in the world. She has a beam of 68 feet and an unusually shallow draft of 14 feet. (Source: Wikipedia)

Asset price: $627 million

Estimated net worth: $17.9 billion

---

Related stories on ThinkAdvisor:

Page 2 of 11
Single page view Reprints Discuss this story
This is where the comments go.