Cyber Monday Sale! 50% Off All Access

Bezos Commissions a $500 Million Mega Yacht That Comes With Its Own Support Yacht The vessel is reportedly one of the largest sailing yachts ever built in the Netherlands.

By Euni Han

Opinions expressed by Entrepreneur contributors are their own.

Anadolu Agency | Getty Images

Jeff Bezos has commissioned a $500 million mega yacht, Bloomberg reports. The yacht is reportedly longer than a football field, features several decks and will have a support yacht with a helipad.

Bezos placed the order two years ago for the luxury ship, which is being built by Dutch company Oceanco. The vessel will be one of the largest sailing yachts ever built in the Netherlands, the unofficial capital of boat-building for the super rich, according to Bloomberg. The project is known as Y721 and has been a closely guarded secret.

What's not a secret is Bezos's fondness for yacht travel. In 2019, the Amazon founder and girlfriend Lauren Sanchez were spotted on entertainment mogul David Geffen's yacht off the coast of Spain and later sailing with designer Diane Von Furstenberg and her partner. This year, the couple was spotted on a yacht in Cabo San Lucas, Mexico.

Sam Tucker, research head of London-based company VesselsValue, says the boating industry has particularly exploded amid the luxury industry boom.

"It's impossible to get a slot in a new-build yard," Tucker says, in an interview with Bloomberg. "They're totally booked."

Second-hand is probably not an option for Bezos, who reclaimed the title of world's richest man from Elon Musk this year, according to Bloomberg Wealth. Bezos is worth an estimated $191 billion.

Related: Jeff Bezos's Space Company Blue Origin Will Auction Off a Tourist Ticket to Space

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Elon Musk Still Isn't Getting His Historically High Pay as CEO of Tesla — Here's Why

A second shareholder vote wasn't enough to convince Delaware judge Kathaleen McCormick.

Leadership

Leadership vs. Management: How to Understand the Difference and 6 Ways to Bridge the Gap

Here are the key differences between leadership and management, highlighting their complementary roles and providing six strategies to develop managers into future leaders.

Legal

How Do You Stop Porch Pirates From Stealing Christmas? These Top Tips Will Help Secure Your Deliveries.

Over 100 million packages were stolen last year. Here are top tips to make sure your stuff doesn't get swiped.

Growing a Business

Her Restaurant Business Is Worth $100 Million — Here's Her Unconventional Advice for Aspiring Entrepreneurs

Pinky Cole, founder of Slutty Vegan, talks about going from TV producer to restaurant owner, leaning into failure and the value of good PR.

Business News

'Something Previously Impossible': New AI Makes 3D Worlds Out of a Single Image

The new technology allows viewers to explore two-dimensional images in 3D.

Business News

'I Stand By My Decisions': A CEO Is Going Viral For Firing Almost All of the Company's Employees — Here's Why

The Musicians Club CEO Baldvin Oddsson fired 99 workers at once over Slack for missing a morning meeting. But there's a catch.