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The 5 Most Expensive Superyachts in the World

By Brett Berk

Though superyachts are already among the most costly consumer items available for purchase, the prices of the most expensive superyachts in the world are still astounding. In recent decades, those with money to burn have settled on these floating palaces as an ideal locus for demonstrating their prosperity, and as such, the global superyacht industry is undergoing a golden age. The world’s über-wealthy think of their superyachts as toys, and they’re constantly trying to outdo each other in scale, design, amenities, materials, and sheer profligacy.

Knowing this, what features does it take to own one of the most expensive superyachts in existence? And how much do these opulent vessels actually cost? To that end, AD has compiled a list of the five priciest superyachts currently out on the water. As with many things connected to the very wealthy, details are shrouded in secrecy—often intentionally—to protect privacy or to shield the assets from taxation or seizure. Below, dive into the five reportedly most expensive superyachts in the world.

5. Dubai ($400 million)

This 531-foot yacht is reportedly owned by United Arab Emirates Prime Minister Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai. Though it was originally planned for another Middle Eastern potentate, Prince Jefri Bolkiah of Brunei, he suddenly voided the contract in 2001. With exteriors designed by Andrew Winch and interiors by Platinum Yachts, this German-built Blohm + Voss vessel features several Jacuzzis, a pool inlaid with handmade mosaic tiles that is reportedly large enough to hold 115 people, a circular staircase, a discotheque, squash courts, a movie theater, a dining room for 90 guests (the other 25 presumably have to eat in the pool?), a helipad, and a submarine.

4. Topaz ($527 million)

Resembling a stealth bomber, this 483-foot ship is reportedly owned by Russian fertilizer and coal oligarch, Andrey Melnichenko. With exteriors by Tim Heywood Design Ltd. and interior designs by Terence Disdale Design, this German-built Lürssen Yacht features a 2,500-square-foot primary bedroom, six guest suites (with moveable walls so they can be transformed into four grand staterooms), glassware and tableware fashioned from French crystal, a helicopter hangar, a 30-foot speedboat tender, and three swimming pools, including one with a glass-bottom dangling menacingly above a disco.

3. Azzam ($600 million)

This 590-foot ship is currently thought to be the largest private yacht in the world and one of the fastest, with a top speed of 35 miles per hour. To achieve this immense scale and speed, it required a pair of gas turbines and two stratospherically potent diesel engines, rendering it very difficult to build. It is reportedly owned by a member of the royal family of the UAE, Sheikh Khalifa bin Zayed Al Nahyan. With exteriors by Nauta Yacht and interiors by French decorator Cristophe Leoni, this yacht was also built by Lürssen in Germany. The vessel is set apart by its early 19th-century empire-style veneered furniture, as well as its state-of-the-art security systems including a fully bulletproof primary suite and a high-tech missile deterrence capabilities.

2. Eclipse ($1.5 billion)

In addition to being the second-costliest, this 533-footer is thought to be the world’s second-largest private yacht. Owned by Russian billionaire Roman Abramovich, the ship was claimed to be located in Turkey and may be impounded as part of the United Kingdom’s sanctions against Russia. Designed by Terry Disdale and built by Blohm + Voss, it features two-dozen guest cabins, two swimming pools, two helipads, and multiple hot tubs. For privacy and security reasons, it hosts a missile detection system, bulletproof windows in the primary bedroom and on the bridge, an anti-paparazzi shield and, when all of that fails, a mini-submarine that can take a few VIPs 164 feet under the ocean’s surface.

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1. History Supreme ($4.8 billion)

History Supreme has never actually been seen in a major port, and rumors suggest that the yacht may not be real, and instead just a publicity stunt. Reportedly owned by Malaysia’s richest man, Robert Kuok, and designed by Stuart Hughes in the UK, the yacht is only a paltry 100 feet long. Its worth is said to be derived from its lavish finishes, including a statue constructed from genuine Tyrannosaurus rex bones, a liquor bottle embedded with an 18.5-carat diamond, and a primary bedroom with one wall made from meteorite and another from a 24-carat gold Aquavista Panoramic Wall Aquarium. If you see it somewhere, let us know.

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The Luxury Boats Owned By Some of the Wealthiest People in Tech, from a Yacht So Big It Has Its Own Support Boat to Superyachts with Swimming Pools and Basketball Courts Tech billionaires like Jeff Bezos, Oracle cofounder Larry Ellison, and Google cofounders Sergey Brin and Larry Page have all purchased mini vacation hubs at sea.

By Grace Kay and Sindhu Sundar Jul 3, 2023

Key Takeaways

• Many billionaires like Jeff Bezos and Richard Branson enjoy spending their time on luxurious yachts.
• The boats are decked out with amenities that many Americans can only dream of.
• Here are some of the billionaires in tech who own private yachts.

This article originally appeared on Business Insider .

A regular Jane celebrating a personal renaissance after a long-term relationship might commemorate the new era with an ankle tattoo of a spiritual saying. When you're a billionaire, you could do it instead with a $500 million megayacht .

Amazon founder Jeff Bezos made waves in May riding around the roughly 127-meter "Koru," a Māori term that may signify a fresh start, with his reported fiancée Lauren Sanchez. (In 2019, Bezos finalized his divorce from MacKenzie Scott, whom he was married to for 25 years).

Beyond the private planes occupying the hangars of billionaires, yachts have come to symbolize the highly private sites of leisure and networking reserved for the ultra-wealthy .

Tech billionaires like Bezos, Oracle cofounder Larry Ellison, and Google cofounders Sergey Brin and Larry Page have all purchased their own mini vacation hubs at sea, decking their boats with amenities like gyms, spas, pools, nightclubs, and movie theaters.

For those wishing to experience life aboard these multi-million-dollar yachts, some are available to rent out for a few nights or weeks at a time. Late Microsoft cofounder Paul Allen's yacht can be booked for $2.2 million per week or more, according Bloomberg .

Chartering yachts owned by billionaires like Alphabet cofounder Sergey Brin has previously cost customers anywhere from $773,000 a week to $1.2 million .

It remains to be seen how these vessels will fare against the apparent Orca uprising.

Take a look at some of the yachts that have been owned by tech billionaires.

A mystery buyer bought a 414-foot superyacht that was once owned by late Microsoft co-founder Paul Allen for $278 million. Allen had the boat, which was named "Octopus," built in 2003 for $200 million. Since the tech billionaire's death in 2018, the boat had been listed for as much as $325 million.

Octopus in Canary Wharf, London, in 2012. Ki Price/Reuters Source: SuperYacht Times

The wealthy can book the yacht for a weekly rate of $2.2 million or more, through the luxury company Camper & Nicholsons, Bloomberg reported last year.

414ft luxury yacht 'Octopus' owned by Microsoft co-founder, Paul Allen, is moored to fuel up at Ege Ports in Kusadasi district of Aydin, Turkey on April 27, 2015. Ibrahim Uzun/Anadolu Agency/Getty Images

Sources: Bloomberg; Insider .

Amazon founder Bezos' $500 million megayacht, the roughly 127-meter "Koru," sparked attention in May for its artistic decor. A sculpture of a woman on the boat appeared to observers to be the likeness of Bezos' reported fiancée Sanchez, who was also seen that month on the yacht sporting a large ring.

Jeff Bezos was spotted aboard his megayacht "Koru" in May. Lift Aircraft.

Even before its completion, "Koru" drew the ire of Dutch people vowing to hurl eggs at the boat if it would require a historic bridge in Rotterdam to be taken apart to let it through. An egg crisis was averted however, as the company making the ship found a less-irksome alternative.

View of the Koningshaven Bridge, known as De Hef in Rotterdam, Netherlands. Peter Dejong/AP

Bezos has long been interested in yachts. In 2019, he was spotted aboard entertainment mogul David Geffen's superyacht.

David Geffen's superyacht Flickr via BI

Oracle cofounder Larry Ellison owns a 288-foot yacht named Musashi that he acquired in 2013. The yacht has several amenities, including an elevator, swimming pool, movie theater, and both an indoor and outdoor gym.

rulenumberone2/Flickr, Justin Sullivan/Getty Images

Source: Yacht Bible

Ellison has owned several superyachts over the years, including the Katana, the Ronin, and the Rising Sun.

Courtesy of Lurssen Source: Forbes .

The Oracle cofounder also has a knack for competitive yacht racing, and helped to found and back a racing team, called Oracle Team USA, in 2000. The team has found success and won several prestigious titles over the years.

Xaume Olleros/Getty Images Sport Source: Telegraph

Ellison previously owned a bigger, 454-foot yacht called Rising Sun, which was designed specifically for the CEO in 2005. That yacht reportedly has 82 rooms, a movie theater, a wine cellar, and a basketball court. However, Ellison sold off the Rising Sun to Geffen for a reported $300 million.

Kimberly White/Getty Images Source: Forbes , Boat International

Ellison's boat, Musashi, is a sister ship to the yacht of another billionaire, former Sears CEO Eddie Lampert. However, the yacht, named Fountainhead, is often mistaken for belonging to billionaire investor Mark Cuban. "The guy who owns the boat tells everyone that it's mine," Cuban told Page Six in 2016. "It's so crazy ... I don't even own a boat."

Mark Cuban. Steve Marcus/Reuters

Source: Page Six

Ellison's yacht reportedly influenced the decision of late Apple CEO Steve Jobs to get a boat himself. However, Jobs never set foot on the boat — the yacht was commissioned in 2008, but wasn't completed until 2012, a year after his death.

Justin Sullivan/Getty Images Source: Business Insider

When Jobs died in 2011, his yacht — along with his $14.1 billion fortune — was inherited by his wife, Laurene Powell Jobs, founder and president of a social-impact nonprofit called the Emerson Collective. The 256-foot yacht is named Venus, and is worth $130 million.

AP Photo/Peter Dejong Source: Business Insider

Google's billionaire cofounders, Larry Page and Sergey Brin, are known to splurge. An Insider feature in December documented some of the trappings of their luxury, including planes and yachts.

Sergey Brin (left) and Larry Page. Getty / Michael Nagle

Source: Insider .

Page owned a yacht named Senses, a $45 million, 194-foot boat that he bought in 2011 from a New Zealand businessman. He's since sold the yacht, Insider reported in 2021, a vessel that had a private beach club with a Jacuzzi and sun beds, both indoor and outdoor dining areas, and a helicopter pad. It's unclear what other sea vessels he owns, though Insider has previously reported he might have another yacht.

Ari Helminen/Flickr, Justin Sullivan/Getty Images Sources: Boat International; Insider .

Brin meanwhile owns a number of yachts and vessels including the 73-meter Dragonfly, and the 40-meter Butterfly, Insider reported in January.

Abell Point Marina/YouTube Source: Insider .

Dragonfly, the $80 million boat that has a movie-theater, shares a name with Google's once-secret project to launch a censored search engine in China. Google said in 2019 it had officially terminated the project.

Eric Risberg/Associated Press Source: Insider , Forbes .

The former Google CEO picked up the Alfa Nero yacht for nearly $68 million in an auction in June, according to a Bloomberg report. The yacht had apparently been left amid Russia's war in Ukraine, according to the report.

Eric Schmidt REUTERS/Brian Snyder Source: Bloomberg .

For Skype cofounder Niklas Zennstrom, his interest in yachts skews toward racing and competitive sailing. Zennstrom has gone through a succession of boats all named Ran.

Co-Founder and CEO of Skype Technologies, United Kingdom Niklas Zennstroem listens during a plenary entitled 'Digital 2.0:Powering a Creative Economy' at the World Economic Forum in Davos, Switzerland, AP Photo/Michel Euler

Source: CNN

The Ran VII yacht is among the most advanced of Zennstrom's boats. The racing yacht uses electrical power, which Zennstrom has said makes it "lighter, less drag, quieter, and most importantly it is environmentally friendly."

Carkeek Design Partners/YouTube Source: CNN

The 40-foot yacht has been meant to compete in regattas through the racing team owned by Zennstrom and his wife, Catherine. The Ran racing team launched in 2008, and has won some prestigious regattas.

The Ran racing team. Carkeek Design Partners/YouTube Source: CNN

Barry Diller, chairman of digital media company IAC, co-owns a $70 million yacht with his wife, fashion designer Diane von Furstenberg.

Diane von Furstenberg, left, and Barry Diller. Scott Olson/Getty Images Source: Business Insider

The sailing yacht, named Eos, is 350 feet long with six bedrooms. The power couple has hosted many celebrities over the years — a few that have been spotted aboard Eos include model Karlie Kloss, actor Bradley Cooper, journalist Anderson Cooper, and singer Harry Styles.

snowwahine/YouTube Source: W Magazine

For Jim Clark, the cofounder of Netscape, one yacht hasn't been enough. Clark has owned boats for more than 30 years, and in 2012, he put up two of his sailing yachts for sale.

Jim Clark, right. Cameron Spencer/Getty Images Source: Business Insider

Clark listed the boats for a combined $113 million: the 136-foot Hanuman for $18 million, and the 295-foot Athena for $95 million. However, Clark has yet to offload Athena. Clark also previously owned a 155-foot yacht named Hyperion, and currently also owns a sloop called Hanuman.

The yacht Athena. Fosnez / Wikimedia Commons Source: Boat International , Forbes

Charles Simonyi worked at Microsoft until 2002, and oversaw the creation of Microsoft Office software. A few years before he left, Simonyi decided to purchase a yacht. He told the designer that wanted his yacht to be "home away from [his] home in Seattle."

Reuters/Sergei Remezov Source: Boat International

The product of that conversation in 1999 is Simonyi's yacht named Skat, meaning "treasure" in Danish. The yacht measures 233 feet long, and is unique with its nontraditional design and gray color. Skat features a matching gray helicopter, a gym, and motorcycles.

Christopher Hunt/Getty Images Source: Yacht Charter Fleet

Opulent British billionaire Richard Branson owned a yacht until he sold it in September 2018. The 105-foot catamaran sold for $3 million, significantly lower than the $9.6 million price Branson listed the boat for in 2014.

Anthony Harvey/Getty Images, Virgin Source: Business Insider

Branson, the founder of Virgin Group, bought the boat in 2009. He named it Necker Belle, a nod to his private Caribbean island, Necker Island.

Necker Island Source: Business Insider

Additional reporting by Paige Leskin.

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10 of the most impressive superyachts owned by billionaires

From a sailing yacht owned by a russian billionaire industrialist to the luxury launch of the patek philippe ceo, here are the best billionaire-owned boats on the water….

Words: Jonathan Wells

There’s something about billionaires and big boats . Whether they’re superyachts or megayachts, men with money love to splash out on these sizeable sea-going giants. And that all began in 1954 — with the big dreams of Greek shipping magnate Aristotle Onassis.

Onassis, keen to keep his luxury lifestyle afloat when at sea, bought Canadian anti-submarine frigate HMCS Stormont after World War II. He spent millions turning it into an opulent super yacht, named it after his daughter — and the Christina O kicked off a trend among tycoons. To this day, the world’s richest men remain locked in an arms race to build the biggest, fastest, most impressive superyacht of all. Here are 10 of our favourites…

Eclipse, owned by Roman Abramovich

Built by: Blohm+Voss of Hamburg, with interiors and exteriors designed by Terence Disdale. Launched in 2009, it cost $500 million (the equivalent of £623 million today).

Owned by: Russian businessman Roman Abramovich, the owner of private investment company Millhouse LLC and owner of Chelsea Football Club. His current net worth is $17.4 billion.

Key features: 162.5 metres in length / 9 decks / Top speed of 22 knots / Two swimming pools / Disco hall / Mini submarine / 2 helicopter pads / 24 guest cabins

Sailing Yacht A, owned by Andrey Melnichenko

Built by: Nobiskrug, a shipyard on the Eider River in Germany. The original idea came from Jacques Garcia, with interiors designed by Philippe Starck and a reported price tag of over $400 million.

Owned by: Russian billionaire industrialist Andrey Melnichenko, the main beneficiary of both the fertiliser producing EuroChem Group and the coal energy company SUEK. Though his current net worth is $18.7 billion, Sailing Yacht A was seized in Trieste on 12 March 2022 due to the EU’s sanctions on Russian businessmen.

Key features: 119 metres in length / 8 decks / Top speed of 21 knots / Freestanding carbon-fibre rotating masts / Underwater observation pod / 14 guests

Symphony, owned by Bernard Arnault

Built by: Feadship, the fabled shipyard headquartered in Haarlem in The Netherlands. With an exterior designed by Tim Heywood, it reportedly cost around $150 million to construct.

Owned by: French billionaire businessman and art collector Bernard Arnault. Chairman and chief executive of LVMH, the world’s largest luxury goods company, his current net worth is $145.8 billion.

Key features: 101.5 metres in length / 6 decks / Top speed of 22 knots / 6-metre glass-bottom swimming pool / Outdoor cinema / Sundeck Jacuzzi / 8 guest cabins

Faith, owned by Michael Latifi

Built by: Similarly to Symphony above, also Feadship. With exteriors designed by Beaulieu-based RWD, and interiors by Chahan Design, it cost a reported $200 million to construct in 2017.

Owned by: Until recently, Canadian billionaire and part-owner of the Aston Martin Formula 1 Team , Lawrence Stroll. Recently sold to Michael Latifi, father of F1 star Nicholas , a fellow Canadian businessman with a net worth of just under $2 billion.

Key features: 97 metres in length / 9 guest cabins / Glass-bottom swimming pool — with bar / Bell 429 helicopter

Amevi, owned by Lakshmi Mittal

Built by: The Oceanco shipyard, also in The Netherlands. With exterior design by Nuvolari & Lenard and interior design by Alberto Pinto, it launched in 2007 (and cost around $125 million to construct).

Owned by: Indian steel magnate Lakshmi Mittal, chairman and CEO of Arcelor Mittal, the world’s largest steelmaking company. He owns 20% of Queen Park Rangers, and has a net worth of $18 billion.

Key features: 80 metres in length / 6 decks / Top speed of 18.5 knots / On-deck Jacuzzi / Helipad / Swimming Pool / Tender Garage / 8 guest cabins

Odessa II, owned by Len Blavatnik

Built by: Nobiskrug, the same German shipyard that built Sailing Yacht A . Both interior and exterior were created by Focus Yacht Design, and the yacht was launched in 2013 with a cost of $80 million.

Owned by: British businessman Sir Leonard Blavatnik. Founder of Access Industries — a multinational industrial group with current holdings in Warner Music Group, Spotify and the Grand-Hôtel du Cap-Ferrat — he is worth $39.9 billion.

Key features: 74 metres in length / 6 guest cabins / Top speed of 18 knots / Intimate beach club / Baby grand piano / Private master cabhin terrace / Outdoor cinema

Nautilus, owned by Thierry Stern

Built by: Italian shipyard Perini Navi in 2014. With interiors by Rémi Tessier and exterior design by Philippe Briand, Nautilus was estimated to cost around $90 million to construct.

Owned by: Patek Philippe CEO Thierry Stern. Alongside his Gulstream G650 private jet, Nautilus — named for the famous sports watch — is his most costly mode of transport. His current net worth is $3 billion.

Key features: 73 metres in length / 7 guest cabins / Top speed of 16.5 knots / Dedicated wellness deck / 3.5 metre resistance pool / Underfloor heating / Jet Skis

Silver Angel, owned by Richard Caring

Built by: Luxury Italian boatbuilder Benetti. Launched in 2009, the yacht’s interior has been designed by Argent Design and her exterior styling is by Stefano Natucci.

Owned by: Richard Caring, British businessman and multi-millionaire (his wealth peaked at £1.05 billion, so he still makes the cut). Chairman of Caprice Holdings, he owns The Ivy restaurants.

Key features: 64.5 metres in length / Cruising speed of 15 knots / 7 guest cabins / Lalique decor / 5 decks / Oval Jacuzzi pool / Sun deck bar / Aft deck dining table

Lady Beatrice, owned by Frederick Barclay

Built by: Feadship and Royal Van Lent in 1993. Exteriors were created by De Voogt Naval Architects, with interiors by Bannenberg Designs. She cost the equivalent of £63 million to build.

Owned by: Sir David Barclay and his late brother Sir Frederick. The ‘Barclay Brothers’ had joint business pursuits including The Spectator , The Telegraph and delivery company Yodel. Current net worth: £7 billion.

Key features: 60 metres in length / 18 knots maximum speed / Monaco home port / Named for the brothers’ mother, Beatrice Cecelia Taylor / 8 guest cabins

Space, owned by Laurence Graff

Built by: Space was the first in Feadship’s F45 Vantage series , styled by Sinot Exclusive Yacht Design and launched in 2007. She cost a reported $25 million to construct.

Owned by: Laurence Graff, English jeweller and billionaire businessman. As the founder of Graff Diamonds, he has a global business presence and a current net worth of $6.26 billion.

Key features: 45 metres in length / Top speed of 16 knots / Al fresco dining area / Sun deck Jacuzzi / Breakfast bar / Swimming platform / Steam room

Want more yachts? Here’s the handcradfted, homegrown history of Princess…

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The World’s Largest Luxury Yacht is priced at $1 Billion

By Adrian Prisca

Updated on August 31, 2017

The world’s largest luxury yacht is Eclipse , owned by Russian billionaire and Chelsea owner Roman Abramovich, an amazing 536 ft-long yacht which is 5 ft longer than Dubai, the previous yacht which hold the record for the world’s largest boat. Eclipse features eleven luxurious guest cabins with 6 ft home cinema screens each and breathtaking amenities, two swimming pools, a disco hall and even two helicopter pads.

The larger swimming pool can be even turned into a dance floor when the water is drained out. Guests of the Eclipse can enjoy partying here without worrying about paparazzi because this luxury yacht has a special electronic shield which protects the yacht from unwanted attention. A maximum security system which includes a missile detector and a bullet proof glass for the master suite makes it one of the most protected yachts out there as well.

The Eclipse superyacht also features three launch boats and even a mini submarine if guests want to explore the waters around. It’s price? The largest luxury yacht in the world is probably the most expensive as well and it’s priced at $1.2 Billion.

About Adrian Prisca

Founder of Luxatic and countless other projects, Adrian has shaped this website into a go-to source for discerning readers looking for the latest in luxury products and experiences. He has over 15 years of experience in creating, managing and publishing lifestyle content across numerous platforms and he’s considered a leading voice in the luxury industry. Learn more about Luxatic's Editorial Process .

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Breaking news, inside the superyacht for history buffs with nearly $1 billion to burn.

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It’s for the ultimate seafaring sports fan — and history buff.

A lavish superyacht designed to resemble a centuries-old galleon — and featuring full-sized basketball, tennis and handball courts — is being pitched by a California ship designer.

Steve Kozloff’s The Galleon involves eight decks boasting hoards of extravagant goodies that can be custom-arranged for buyers — who are wealthy enough to foot its roughly $750 million price tag.

The striking nearly 525-foot luxury ship, complete with four massive sails, could hold up to 200 guests and 150 crewmembers, Kozloff said.

“I liked the style of the Old World galleons, especially the glass work at the stern,’’ the ship designer told The Post on Tuesday. “I wanted to imitate that feature.

“Plus, I want to encourage the cruise industry to be more green,’’ he said of the yacht, which would have a hybrid diesel-electric engine in addition to its sails.

The ship’s planned features include the sports facilities, plus a pair of swimming pools and two “lazy rivers.”

It also includes a helipad and 4,500-square-foot hanger for high-flying guests, not to mention room for six speedboats, four submarines and other smaller watercraft.

Additional onboard entertainment could be found at the ship’s cafe, bar and restaurant.

Kozloff said the price depends on how far buyers want to plunk down on the yacht’s interior furnishings, adding that it would take about $750 million for it to be “properly outfitted.” He said the masts alone cost around $140 million.

The Galleon is considered an “explorer’’ yacht, meaning it could cruise the world at more than 20 mph with a steel hull able to cut through ice floes.

Its length is 70 feet less than the world’s longest yacht, the Azzam, which is reportedly owned by royals from the United Arab Emirates.

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The 20 Most Expensive Yachts

Written By: Rob Bowman

With big money comes big boats. The most expensive yachts in the world are not only massive, they have amenities and embellishments that put many mansions to shame. For example, the most expensive yacht in the world, the History Supreme, has a genuine T-rex bone! This infographic by Staten Island Yacht Sales explores the most lavish, incredible yachts and the people who own them:

Click the image to expand

What is the most expensive yacht in the world?

The world's most expensive yacht is the History Supreme, which is worth $4.8 billion. The History Supreme is a 100-foot superyacht that took three years to build using 22,000 pounds (10,000 kilograms) of solid gold and platinum. The dining area, rails, and anchor of the most expensive yacht are adorned with priceless metals and the base of the vessel is enveloped in pure gold. The master suite boasts a meteorite rock wall, a statue crafted from authentic Tyrannosaurus Rex bones, a 150-pound, 24-karat gold panoramic wall aquarium.

Who designed the History Supreme? The History Supreme was designed by Stuart Hughes , who is a renowned creator of luxury goods such as phones, Apple Watch cases, and model cars. He transforms electronics into extravagant treasures by wrapping them in gold, leather, and diamonds. In 2011, he created a $9.4 million dollar iPhone 4S that featured 500 impeccable diamonds and a gold navigation button with an interchangeable 8.6-karat diamond or 7.4-karat pink diamond.

Who owns the History Supreme? The History Supreme is owned by Robert Kuok, the richest man in Malaysia. According to Forbes, he has a net worth of an estimated $11.1 billion , which makes him the 104th richest man in the world. He owns Kuok group, which is involved in hotels, real estate, and commodities. He founded the internationally esteemed Shangri-La Hotels and Resorts chain in Singapore in 1971.

Is the History Supreme a Hoax?

Some sources believe this yacht never existed and is nothing more than an elaborate hoax fabricated by the supposed designer: Stuart Hughes.

Here are the 20 most expensive yachts in the world and who currently owns them:

• History Supreme ($4.8 billion) - Robert Kuok, business magnate and wealthiest man in Malaysia
• Eclipse ($1.5 billion) - Roman Abramovich, Russian-Israeli businessman and politician
• Streets of Monaco ($1.1 billion) - No owner yet, concept yacht currently in development
• Azzam ($600 million) - Sheikh Khalifa bin Zayed al-Nayan, president of the United Arab Emirates
• A+ ($527 million) - Sheikh Mansour bin Zayed Al Nahyan, deputy prime minister of the United Arab Emirates
• Motor Yacht A ($440 million) - Andrey Melnichenko, Russian billionaire and philanthropist
• Dubai ($400 million) - Sheik Mohammed Rashid al-Maktoum, ruler of Dubai
• Serene ($330 million) - Mohammed bin Salman, crown prince of Saudi Arabia
• Radiant ($320 million) - Abdulla Al Futtaim, Emirati billionaire and owner of Al-Futtaim Group
• Al Said ($300 million) - Haitham bin Tariq Al Said, Sultan of Oman
• Pelorus ($300 million) - Samuel Tak Lee, Chinese billionaire and property magnate
• Dilbar ($256 million) - Alisher Usmanov, Russian oligarch who built wealth through metal and mining operations
• Al Mirqab ($250 million) - Hamad bin Jassim bin Jaber Al Thani, former prime minister of Qatar
• Lady Moura ($210 million) - Alberto Bailleres, Mexican billionaire businessman, chairman of Grupo BAL
• Octopus ($200 million) - Paul Allen, Microsoft co-founder
• The Rising Sun ($200 million) - David Geffen, American business magnate, founder of Dreamworks
• Ecstasea ($200 million) - Alshair Fiyaz, Belgian entrepreneur and investor
• Solandge ($180 million) - No current owner
• Aviva ($150 million) - Joe Lewis, British businessman and investor
• Lionhart ($150 million) - Sir Philip Green, British businessman (former owner of Topshop, Topman, and Miss Selfridge)

Update 10/28/2021: It has been a mysterious rumor since 2018, but the world may finally have seen its first collective glimpse of the $500 million dollar mega-yacht commissioned by Jeff Bezos. Fitting for one of the world's richest people, the massive vessel called Y721 breaks numerous records including being the largest sailing yacht in the world. Designed by Dutch builder Oceanco, this elusive mega-yacht was seen for the first time last week where it is being built in a shipyard in Zwijndrecht, Netherlands. The 417ft sailing yacht features a completely black hull, multiple decks, and three massive sails. It is expected to be finished and on its maiden voyage sometime in 2022.

This infographic is brought to you by SI Yachts viking yachts for sale and azimut yachts for sale.

Most Expensive

The 20 most expensive yachts in the world.

What are the most expensive yachts in the world?

If you have a passion for sailing or can appreciate the engineering masterpieces mentioned below, then this is an article for you. 

To be able to afford even afford the cheapest superyacht on our list, your net worth will need to be in the hundreds of millions, if not, billions range!

Here’s a list of the 20 most expensive yachts in the world…  

Table of Contents

The list of yachts and figures mentioned below have been compiled from various sources around the web, such as Luxhabitat , List25 and Unilad . 

These are the 20 most expensive yachts in the world:  

20. Lionheart – $150 Million

Sir Philip Green kicks off the list with his 207-foot behemoth, Lionheart.

The British retail billionaire commissioned Italian shipbuilding company, Benetti, to build his superyacht.

The boat has six VIP rooms, several private balconies and was finished in 2016.

Lionheart has had many famous faces walking its decks, including Kate Moss , Simon Cowell and Cristiano Ronaldo .

19. Aviva – $150 Million

British billionaire Joe Lewis’s superyacht comes in at number nineteen at a cool $150 million.

His boat has a full-size tennis court and is thought to house some of his most precious and expensive art pieces, including Picasso.

When he’s not spending time in his Bahamas residence, Joe spends several months a year aboard Aviva and his other three superyachts.

18. Solandge – $180 Million

Next up, we have the $180 million dollar superyacht built by Lurssen. 

In 2017, the Solandge was the highest brokerage and is available to rent for around $1.1 million a week.

The 280-foot yacht has eight VIP suites, a grand piano and a glass art installation by Murano.

17. Ecstasea – $200 Million

Built by Russian oligarch Roman Abramovich in 2004, Ecstasea was the largest Feadship ever built.

The yacht is made of steel and is approximately 85.95 metres long and has a beam of 11.50 metres. This means it has a deadweight of 585 metric tons!

Ecstasea comfortably sleeps 14 passengers and has won multiple design awards for its stunning interior.

16. The Rising Sun – $200 Million

The Rising Sun was designed by Jon Bannenberg and built by Lürssen in 2004 for Larry Ellison .

It has 82 rooms over five floors, a basketball court, wine cellar and a movie theatre.

From 2010 it has been owned by David Geffen and is the 12th largest superyacht in the world, measuring 138 metres.

The Rising Sun cost $200 million to build and has since had even more money spent on luxury fixtures and fittings.

15. Octopus – $200 Million 

Designed and built in 2003 for Microsoft Co-founder, Paul Allen, Octopus has one hell of a lavish interior.

It has a large study, basketball court, recording studio, an outside bar with a whirlpool and a glass bottom swimming pool.

Octopus sleeps up to 26 guests and 56 crew members at any one time and comes equipped with two submarines and two helipads. 

14. Lady Moura – $210 Million

The next most expensive superyacht in the world is Lady Moura.

Lady Moura is owned by Saudi Arabian businessman Nasser Al-Rashid, who’s also an advisor to the Saudi Royal family.

The yacht comes with some very impressive features, such as a pool with a retractable roof, a helicopter and 24 karat gold lettering and embellishments throughout.

If that wasn’t enough, Lady Moura also features a unique sand-covered hydraulic platform that comes out of one side, to give guests a beach-like experience in the middle of the ocean.

13. Al Mirqab – $250 Million 

Al Mirqab is owned by Sheikh Hamad bin Jassim bin Jaber Al-Thani, the former Prime Minister of Qatar.

The yacht has 10 bedrooms, a helipad, a swimming pool, a selection of VIP suites, an onboard cinema, jacuzzi and a variety of watersports equipment.

After it was completed in 2008, it was dubbed the second most beautiful yacht in the world.

It can accommodate up to 24 guests and comfortably house crew members in its 55 crew cabins.

12. Dilbar – $256 Million

Number twelve is Russian owned superyacht, Dilbar.

It belongs to Russian oligarch Alisher Usmanov, and he’s often seen using Dilbar to cruise around his private islands.

As well as being one of the most expensive yachts in the world, it’s also one of the largest – measuring a colossal 360ft in length and just over 50ft high.

It was built in 2008 by Lürssen Yachts and was named after Alisher’s mother.

Dilbar has one helipad, several swimming pools and accommodates 20 guests and 48 cabin crew.

11. Pelorus – $300 Million

Pelorus was built by Lürssen in 2003 and bought by Russian billionaire, Roman Abramovich in 2004.

Since then, Pelorus has changed hands a few times and is now owned by HongKong based billionaire, Samuel Tak Lee.

Pelorus is 115 meters long and weighs a staggering 5517 tonnes.

As well as all the normal luxuries you’d expect to find onboard a superyacht of this calibre, she also comes equipped with two helipads, landing boats and jet skis.

She accommodates a full-time crew of 46, year round.

10. Serene – $300 Million

The tenth most expensive yacht in the world is the 439-foot, Serene.

Built-in 2011 by Fincantieri, for Russian billionaire Yuri Scheffler, Serene is has been one of the favourite rental yachts for the mega-rich, reportedly costing celebrities like Bill Gates around million a week!

It was purchased in 2015 by Prince Mohammed bin Salman of Saudi Arabia and sleeps around 24 guests and 52 crew members.

It comes with multiple swimming pools, two helipads, a submarine, and an amazing underwater viewing room!

9. Al Said – $300 Million

The next mega yacht on the list is owned by and named after the Sultan of Oman, Qaboos Bin Said Al Said.

Built between 2007-2008, little else is known about the Al Said, other than it has a large concert hall that’s big enough to house a 50-piece orchestra.

Also, it can host up to 70 guests, sleep a crew of 154 and reach around 22 knots!

8. Radiant – $320 Million

Built by Lürssen in 2009, Radiant is owned by Emirate Billionaire Abdulla Al Futtaim.

The superyacht is roughly 110 meters long, weighs approximately 5027 gross tons and sleeps up to 20 guests and 44 crew members.

She comes with multiple swimming pools, a helipad, a massage room, a swimming platform, a movie theatre, a gym and a jacuzzi.

The Radiant is also equipped with a highly powerful water cannon to defend herself from pirate attacks!

7. Dubai – $400 Million

Dubai is owned by the Sheik of Dubai, Mohammed Rashid al-Maktoum.

Some of its features include jacuzzis, a swimming pool with handmade tiles, a helipad and a striking circular glass staircase which changes colour when lit from above.

Dubai also houses a split-level owner’s deck, several VIP and social areas, guest suites and a crew of up to 115 people.

6. Motor Yacht A – $440 Million 

This very impressive looking 390-foot superyacht was built by Blohm + Voss shipyard and launched in 2008.

It’s thought to be owned by Andrey Melnichenko, a Russian billionaire businessman and philanthropist.

Motor Yacht A can accommodate 14 guests and 42 crew members and is around 400 feet long.

It features a 2,500 sqft master bedroom, a disco, a helicopter hanger, a separate 30-foot speedboat and a glass-bottomed swimming pool.

Awesome! 

5. Topaz – $527 Million

Coming in at number five is this stunning Lürssen built superyacht, Topaz.

She was built for Abu Dhabi tycoon, Sheikh Mansour bin Zayed Al Nahyan in Germany and launched in 2012.

The exterior was designed by Tim Heywood and Terrance Disdale Design did the interior.

It has a large jacuzzi on the main deck, a swimming pool, double helicopter landing pads and a state-of-the-art gym, cinema and conference room.

4. Azzam – $600 Million

This 590-foot megayacht is the world’s largest yacht to date.

Its owned by Sheikh Khalifa bin Zayed al-Nayan, President of the United Arab Emirates and Emir of Abu Dhabi.

Lürssen Yachts are the ones behind this mega build. Azzam has its very own missile defence system, a bullet-proof master suite and can reach speeds of more than 30 knots, or 35mph, making it one of the fastest yachts on the planet!

3. Streets of Monaco – $1 Billion

The first billion-dollar yacht on our list is the “Streets of Monaco”.

By far one of the most impressive and expensive yachts in the world, once finished, the Streets of Monaco is going to be a 509-foot mega yacht, designed to feature miniature versions of some of Monaco’s and Monte Carlos most renowned landmarks.

The finished superyacht will include a go-kart circuit, three swimming pools, a mini-submarine a helipad, seven guest suites, a mini waterfall and a restaurant that with a fabulous underwater view.

2. Eclipse – $1.5 Billion 

The second most expensive yacht in the world, Eclipse, is owned by Roman Abramovich.

The Russian billionaire has spared no expense when it comes to his superyacht.

He’s installed a private defence system, including missile detection sensors, intruder alarms and armour plating and bulletproof windows in his master bedroom. 

On top of that, Eclipse has two helipads, two swimming pools, 24 guest bedrooms, a disco hall and a mini-submarine.

It’s unclear how much Eclipse actually cost, but it is believed to be in the region of $1.5 billion!

1. History Supreme – $4.8 Billion

Topping the list of the most expensive superyachts in the world at an eye-watering $4.8 billion is History Supreme.

This magnificent accomplishment is built from 10,000 kilograms of solid gold and platinum and is 100-foot long.

It was designed by Stuart Huges, a world-renowned luxury designer, for Malaysia’s richest man, Robert Knok. The History Supreme took roughly three years to build and features an array of luxury items.

The master bedroom includes a genuine Tyrannosaurus Rex bone statue and a wall made entirely of meteorite rocks!

If that wasn’t enough, the master suite also has a 24-carat gold Aquavista Panoramic Wall Aquarium.

We hope you enjoyed our list of the 20 most expensive yachts in the world.

How cool would it be to spend a few months a year cruising the world on one of these bad boys!

Here’s a quick recap of the 20 most expensive yachts in the world!

• History Supreme – $4.8 Billion
• Eclipse – $1.5 Billion
• Streets of Monaco – $1 Billion
• Azzam – $600 Million
• Topaz – $527 Million
• Motor Yacht A – $440 Million 
• Dubai – $400 Million
• Radiant – $320 Million
• Al Said – $300 Million
• Serene – $300 Million
• Pelorus – $300 Million
• Dilbar – $256 Million
• Al Mirqab – $250 Million
• Lady Moura – $210 Million
• Octopus – $200 Million 
• The Rising Sun – $200 Million
• Exstasea – $200 Million
• Solandge – $180 Million
• Aviva – $150 Million
• Lionheart – $150 Million

What’s your favourite most expensive yacht? Leave a comment below.

The 10 Most Expensive Precious Metals in the World

The 10 Most Expensive Guitars in the World

Matt McIntyre is a digital marketing consultant and certified marketing strategist. When he's not talking about business or marketing, you'll find him in the gym.

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The 20 Most Expensive Tequilas in the World

What are the most expensive tequilas in the world?

Tequila is one of the most popular liquors in the world and, in the United States alone, nearly 20 million 9-liter cases are consumed every year!

Whether you’re drinking it neat or mixing it into a margarita, you probably have a favorite brand that you know tastes great.

However, some brands can get incredibly expensive, and it is these tequilas that we are counting down today.

How did we select this list of tequilas?

We’ve put over 10 hours of research into re-writing and updating this list for 2024.

The tequilas on this list were selected by taking the current average sale price, at the time of writing.

Prices for rare tequila can vary depending on where they’re listed for sale; so for each tequila on this list, we checked the price across multiple websites and settled on the average.

Next comes the question, when does tequila stop being tequila, and start being artwork?

If you’re a fan of tequila you can probably think of at least one brand that treats their bottles as artwork.

These bottles can often be worth thousands, but is it all just similar tequila in a fancy and unique bottle?

We’ve decided we’re not going to be the judge of what’s tequila and what’s artwork, so what you see on this list reflects a true order, based on price per bottle.

The 2 Most Expensive Tequilas in the World

Tequila is a very versatile liquor and there is no shortage of varieties you can find at your local store.

That said, some of these tequilas are reserved for only the most wealthy buyers, and you certainly won’t want to drink them on a casual night out.

Without further ado, here’s our list of the 20 most expensive tequilas money can buy:

20. 1800 Coleccion Tequila

Price/Bottle: $2,000

This unique expensive tequila gets its name from the year that distillers started using oak barrels for aging, and it is owned by the insanely wealthy Beckmann family.

Distilled twice during its 10-year aging process, this tequila has a flavor reminiscent of Amaretto, but with a bolder kick that reminds you that it’s tequila.

For $2,000, this tequila comes in its own crystal decanter trimmed with pewter and securely placed in a lavish case lined with suede to protect its precious contents.

It doesn’t get much more high-end than that!

19. Barrique de Ponciano Porfidio

Price/Bottle: $2,200

Made from 100% agave, Barrique de Ponciano Porfidio is a luxury tequila that has been aged for 10 years in French oak barrels and it is limited to special batches of only 2,000 bottles per year.

While its purity does impact this tequila’s price, the bottle that it comes in also makes it more expensive.

Each bottle comes with lettering and images engraved with one of the most expensive precious metals in the world, 21-karat gold.

It definitely looks and tastes every bit worth its hefty price tag.

18. Clase Azul Extra Añejo Ultra

Price/Bottle: $2,500

The first Clase Azul product to appear on this list is the only one in regular production and not a limited edition.

Clase Azul’s extra anejo ultra is aged for 5 years in American whiskey and sherry casks.

The bottle is decorated in platinum, silver, and 24-karat gold.

You can expect to pay around $2,500 a bottle for this tequila.

17. AsomBroso Reserva del Porto Extra Anejo

Price/Bottle: $2800

This brandy-like tequila is the type of drink that you break out during life’s greatest milestones.

Aged for 10 years in port wine barrels from Portugal, it is mixed with a small portion of white oak-aged tequila before being bottled.

Stored in a bottle shaped like a historical decanter found in an eighteenth-century Portuguese castle, it even comes secured in its own cedar humidor.

Although this tequila usually costs $2,800, you can sometimes get lucky and find it on sale for $1,499, which is honestly a great price, all things considered.

16. AsomBroso The Collaboration 12 Year Extra Anejo

Price/Bottle: $3,000

AsomBroso’s The Collaboration is an extra anejo tequila, aged 12 years in Silver Oak Cellar’s American casks.

The tequila is bottled inside a crystal decanter hand-made by Luciano Gambaro, a famous Italian artist.

The decanter is then packaged in a custom-polished humidor with laser engraving.

A single bottle might set you back $3,000, but there are places where you might be able to get your hands on one for cheaper.

15. Tesla Tequila Limited Edition Anejo

Price/Bottle: $4,000

It does seem that Elon Musk can do no wrong. 

Tesla Tequila started as an April Fool’s joke but quickly became a physical product that sold out immediately.

For the limited edition variant, only 420 bottles were produced, a number that jokingly references a time when Musk said he was going to take Tesla private at $420 a share.

The numbered limited edition variant with matching shot glass is currently selling for around $4,000, whilst the regular variant can fetch up to $1,500.

14. Codigo 1530 14 Year Extra Anejo

Price/Bottle: $4,500

Codigo’s 1530 extra Añejo has been aged inside French White Oak Napa Valley Cabernet wine barrels for 14 years and then finished in French Cognac casks.

This is Codigo’s most expensive tequila they’ve ever produced.

A single bottle is now worth $4,500.

13. Clase Azul Pink Limited Edition Reposado

Price/Bottle: $6,000

This isn’t the first Clase Azul tequila featured on this list, and it definitely won’t be the last.

The ‘Pink’ limited edition reposado was originally released in 2016 for breast cancer awareness, with a percentage of the proceeds being donated to charity.

Just 3000 bottles of the original 2016 version were produced, featuring a white bottle hand-painted with pink artwork.

There have since been one or two other ‘Pink’ breast cancer awareness releases from Clase Azul.

12. Patron Limited Edition En Lalique Serie 3

Price/Bottle: $7,500

Patron’s En Lalique Serie line the creme de la creme of their tequila. 

Whatever we have here is the Serie 3, their latest release, but it’s the least expensive of the three.

The Serie 3 contains a blend of 14 different extra anejo tequilas, aged in 6 different barrel types.

Held in a crystal hand-carved decanter, with decoration inspired by the Weber Blue Agave.

The decanter is stored inside a luxurious wooden box.

Each decanter is numbered, and given the fact that this is Patron’s latest release, you can expect the Serie 3’s price to rise over the next few years.

11. Patron Limited Edition En Lalique Serie 1 Extra Anejo

Price/Bottle: $8000

Patron’s En Lalique Serie 1 uses some of their oldest tequila, presented in a hand-made decanter inspired by Mexico’s Weber Blue Agave plant, topped off with an amber stopper.

Although this bottle cost $8,000, it’s not their most expensive tequila. 

Patron went one step further for their next tequila, but more on that shortly.

10. Dos Armadillos Extra Anejo Sterling Silver

Price/Bottle: $10,000

The Dos Armadillos Extra Anejo uses only an 8-year mature Blue Weber Agave.

The tequila is bottled in their signature armadillo-armored bottle, however, the armor for this edition is made entirely out of sterling silver.

$10,000 is the current price to pick up one of these bottles, a number that’s far more expensive than any other product in their range.

9. Clase Azul Puebla Limited Edition

The Clase Azul Puebla limited edition tequila was released on the 5th of May 2021, to commemorate Cinco de Mayo, or the Battle of Puebla.

Cinco de Mayo is a yearly celebration held on the 5th of May to celebrate Mexico’s victory over the Second French Empire in 1862.

Just 300 bottles were produced and sold with a price tag of $400.

If you wished to purchase a bottle of Puebla Limited Edition today, the price would be more along the lines of $10,000.

8. Clase Azul Dia de Muertos Limited Edition

The Dia de Los Muertos collection from Clase Azul features several individual releases, but with most of them fetching similar prices, we’ve decided to include them in one single entry.

Dia de Muertos, or ‘The Day of the Dead’ as it’s otherwise known, is a traditional Mexican holiday celebrated during November. 

Clase Azul has released a new edition within the Dia de Muertos line annually for the past several years.

Some of the bottle designs for the Dia de Muertos range are spectacular and tend to rise in value once they are no longer produced.

7. Patron Limited Edition En Lalique Serie 2 Extra Anejo

Price/Bottle: $10,500

Patron’s En Lalique Serie 2 is aged and made slowly in small batches to ensure perfect quality.

The bottle is carved crystal, featuring a crystal bee stopper with hand-painted gold accents.

It’s then placed inside a wooden box that spins to open, creating a rather luxurious effect.

We’ve seen prices ranging from $8,000 to $12,000 for this bottle, so if you’re patient you might be able to get it at a good price.

6. Clase Azul Master Artisans

Price/Bottle: $20,000

Clase Azul’s most popular and iconic tequila is their resposado tequila, housed in a blue and white bottle.

In 2021, the brand collaborated with the award-winning artist, Ángel Santos to create a hand-crafted, limited edition resposado.

The ‘Master Artisans’ line aims to highlight the work of Mexico’s most talented artists.

The Ángel Santos edition, which at launch sold for $5,000 a bottle , can now reach up to $20,000.

5. Clase Azul Jalisco 200 Limited Edition

Price/Bottle: $25,000

The Clase Azul Jalisco is an extra anejo tequila, named after Jalisco, a state in Mexico.

As the name might also suggest, only 200 bottles of this limited-edition tequila were distilled.

The tequila comes packaged inside a custom-built wooden box, which opens to reveal a drinking glass on either side.

With just 200 bottles released, getting your hands on one of these bottles isn’t cheap.

4. Clase Azul 15th Anniversary Edition

Price/bottle: $30,000.

The Clase Azul celebrated its 15th anniversary by releasing 15 limited edition bottles priced at $30,000 each.

Each of the unique bottles was handcrafted to convey the story of Mexico and all proceeds from the sale of these bottles were donated to the Fundacion con Causa Azul A.C, which supports the work of craftsmen and artisans in Mexico.

Although this tequila is no longer available for sale, we imagine that Clase Azul will release another special edition for a future anniversary, so if you want to grab a bottle, be sure to keep your eyes peeled.

3. Jose Cuervo 250 Aniversario The Rolling Stones Special Edition

Price/Bottle: $75,000

Jose Cuervo was the very first legal tequila company to be established, with the company’s history dating back to 1795 .

To celebrate the 250th anniversary of Case Cuervo, Jose Cuervo released the 250 Anniversario tequila.

They also released a limited edition of the tequila, in collaboration with the Rolling Stones rock band.

The Jose Cuervo brand played a leading role in the Rolling Stones’ 1972 North American tour, ‘Tequila Sunrise’.

For the Rolling Stones special edition, the tequila bottle is embossed with the famous ‘Hot Lips’ logo in 14-carat gold, and spikes along the sides.

It also comes packaged in a leather guitar-shaped case, including seven shot glasses.

The tequila was initially released with a price tag of just $4,000, but prices have skyrocketed to almost $75,000 since then.

2. Tequila Ley .925 Ultra-Premium

Price/Bottle: $225,000

In 2006, the artists at Tequila Ley designed three unique bottles to contain the tequila designed by Mexican artist Alejandro Gomez.

Each bottle was only created 33 times, for a total of 99 bottles, each more expensive than the last.

While this tequila in a glass bottle retails for $3,500, the gold and silver bottle goes for $25,000, and the gold and platinum for $150,000.

The most expensive of all was the white gold and platinum, which carried the insane price tag of $225,000!

Although the tequila itself is delectable, the real stars are the bottles that collectors and tequila enthusiasts scrambled to try and grab while they lasted.

1. Tequila Ley .925 Diamante

Price/Bottle: $3.5 Million

Recorded as the most expensive tequila ever sold by a mile, the .925 Diamante is a true work of art.

The Ley .925 Diamante tequila is made from 100% Blue Weber agave, which is grown in the highlands of Jalisco, Mexico.

The tequila is then aged for 7 years inside French Oak barrels before being poured into a platinum and white gold version of Tequila Ley’s signature-shaped bottle.

However, none of these things truly account for the Diamante’s insane price tag.

As the name might suggest, the bottle is encrusted with 4000 diamonds, amounting to a total of 18.5 carats.

Now that we’ve come to the end of the list, you might have noticed a common theme.

Clase Azul had the most entries on this list, holding seven positions in the top 20.

This is largely due to the fact they treat their bottles as artwork, often showcasing hand-painted art in limited edition releases.

That’s not to take away from their tequila, but to say that their unique approach is very popular among collectors and tequila enthusiasts alike.

Here’s a quick recap of the 20 most expensive tequilas in the world:

• Tequila Ley .925 Diamante
• Tequila Ley .925 Ultra-Premium
• Jose Cuervo 250 Aniversario The Rolling Stones Special Edition
• Clase Azul 15th Anniversary Edition
• Clase Azul Jalisco 200 Limited Edition
• Clase Azul Tequila Master Artisans
• Patron Limited Edition En Lalique Serie 2 Extra Anejo
• Clase Azul Dia de Los Muertos Limited Edition
• Clase Azul Puebla Limited Edition Tequila
• Dos Armadillos Sterling Silver Extra Anejo
• Patron Limited Edition En Lalique Serie 1 Extra Anejo
• Patron Limited Edition En Lalique Serie 3
• Clase Azul Pink Limited Edition Reposado
• Codigo 1530 Fourteen Years Extra Anejo
• Tesla Tequila Anejo
• Asombroso The Collaboration 12 Year Extra Anejo
• AsomBroso Reserva del Porto Extra Anejo
• Clase Azul Extra Añejo Ultra
• Barrique de Ponciano Porfidio
• 1800 Coleccion Tequila

Are there any tequilas we missed out from the list? Leave a comment below.

The 25 most expensive cigars in the world.

What are the most expensive cigars in the world?

Cigars have risen in price rapidly over the past two decades.

They’re associated with luxury and wealth more than ever before, and cigar aficionados are constantly looking for rare and exclusive cigars to add to their collections.

This begs the question: how expensive can cigars be, and how difficult could it be to get your hands on the rarest of the rare?

Today we’re bringing you our updated list of the most expensive cigars in the world.

How did we select this list of cigars?

One of the issues with many expensive cigar lists on the internet, including the original version of our own, is how the cigar values are calculated.

For instance, there was once an auction for a very rare box of cigars that sold for more than half a million dollars, but the box consisted of almost 800 cigars. More details on that are below.

We’ve decided to thoroughly calculate the price/stick for each of the entries on this list, so you can have a clearer understanding of exactly which cigars are the most expensive in the world.

Whilst it may be difficult to obtain some of these cigars individually, assuming you’d want to obtain them of course, we think this is the best way of ranking the list.

Another thing we decided to take into account is limited edition releases which are packaged in custom humidors instead of regular boxes.

These humidors can often cost thousands of dollars alone, and end up distorting the price of the cigar.

Can people still buy these cigars?

Most of the cigars featured on this list can still be bought and smoked to this day. 

Many of them are limited edition lines and are likely harder to find than most cigars.

What exactly makes some cigars more expensive than others?

Typically, there are a few things that can factor into cigar price:

• Limited edition productions
• Aged tobacco
• Brand recognition

Limited edition productions can often limit the total number of cigars produced, and as time passes the number of those remaining drops.

A lot of rare cigar releases also use aged tobacco leaves, and you’ll see several brands on this list that age their tobacco for at least 10 years before the cigar is rolled.

Brand recognition also plays a part as particular brands such as Cohiba are always sought after.

Finally, if none of the above results in a cigar being expensive, there are a select few who will cover cigars in gold leaf, and diamonds, and infuse them with expensive cognac.

But more on that later.

The 25 Most Expensive Cigars

We’ve done countless hours of research to ensure that our updated version of this list is the best resource available.

Without further ado, let’s get into this list of the 25 most expensive cigars in the world:

25. El Septimo The Zaya Collection (Mirifico Sapphire)

Price/Stick: $100

The Zaya Collection, produced by El Septimo, contains 8 different varieties of cigars.

Each variety contains five different filler tobaccos, with the tobacco leaves aged up to 15 years.

Typically, each cigar features are larger ring gauge of around 60, due to the variety of filler leaves used.

Whilst the cigars within this collection have very different flavor profiles from one another, the prices/stick are relatively similar.

At the time of researching this article, we’ve included the variety selling for the most, which is Mirifico Sapphire, at $100/stick.

Other varieties within the collection include:

• Bomba Orange
• Short Dream Topaz
• Kolosso Amethyst
• Fabuloso Dark Ruby
• Excepcion Esmerelda
• Double Shot White
• Bullet Black

24. Arturo Fuente Opus X 20th Anniversary

Price/Stick: $115

Arturo Fuente has long been known for their high-quality cigars, and their Opus X range contains some of the most sought-after cigars in the brand’s history.

The Opus X line was created in 1995 and in 2016 Fuente released the ‘Opus X 20th Anniversary’ edition to commemorate 20 years of the Opus X.

The ’20th Anniversary’ line contained four cigars:

• Father & Son
• God’s Whisper
• Power of A Dream

The prices do vary between each variety, however, because the ‘God’s Whisper’ variety comes in a ‘Perfecto’ size it tends to be sold for higher prices than the rest of the line.

23. Cohiba Spectre 2023

Price/Stick: $130

The Spectre line from Cohiba was initially introduced in 2018 and cost $90 per stick.

Separate versions of the Cohiba Spectre have since been released annually, with the most expensive being the Spectre 2023.

The 2023 Spectre is limited to 600 boxes of 10 cigars, featuring a 52 ring gauge and 6 1/2 inches in length.

What’s most interesting about the release is the packaging, which differs somewhat from most cigars, including that of Cohiba.

The cigars are stored in a box that opens vertically, featuring a hydraulic system that elevates the tubed cigars when you press the ‘O’ button inside the Cohiba logo.

22. Davidoff Royal Release Salamones

Price/Stick: $150

To be qualified enough to roll the Royal Release Salamones, Davidoff makes sure you have more than 15 years of experience rolling cigars.

This cigar is only rolled by 8 different people who together have rolled over 7 million cigars.

The Royal Release Salmones takes 10 years to grow from tobacco seed to finished product and is sold in boxes of 10 for $1,500.

21. Hoyo de Monterrey Epicure No. 2 Reserva Cosecha 2012

Price/Stick: $181

The Epicure No. 2 is one of Hoyo de Monterrey’s signature cigars.

In 2016, Habanos SA announced the release of the No. 2 Reserva Cosecha 2012.

This blend only uses tobacco leaves from 2012, aged for a minimum of three years.

With just 5000 boxes of 20 cigars produced, this cigar is bound to increase in value with time.

20. Hoyo de Monterrey Double Coronas Gran Reserva Cosecha 2013

Price/Stick: $200

Here we have another Hoyo de Monterrey ‘Reserva’ release, the Double Coronas Gran Reserva Cosecha 2013.

Typically, Gran Reserva lines are more sought after than regular Reserva series, due to the difference in tobacco aging.

Reserva cigar blends use tobacco leaves that are aged for a minimum of three years.

Whereas Gran Reserva blends use tobacco leaves aged for a minimum of 5 years.

Gran Reservas are also produced with only 15 sticks per box, instead of the usual 20.

19. Cohiba Siglo De Oro (Year of the Rabbit)

Price/Stick: $250

In 2023, Cohiba announced the release of the Siglo De Oro, to commemorate both the Chinese ‘Year of the Rabbit’, and also the 30th anniversary of the Siglo series.

Naturally, people across China, Hong Kong, and various other countries in Asia were the first to see these cigars unveiled.

Only 18,888 boxes of the Siglo De Oro will be produced.

That number might sound oddly specific, and it is indeed no coincidence, as the number 8 is lucky in Chinese culture.

The Siglo De Oro is a 54 ring gauge, 4 1/2 inch long cigar, sold in boxes of 18.

  18. H. Upmann Sir Winston Gran Reserva Cosecha 2011

Price/Stick: $260

H. Upmann is one of the oldest cigar brands in the world, with history going all the way back to 1843.

The Sir Winston Gran Reserva Cosecha is of course named after the legendary Sir Winston Churchill , who was known not only for being one of the most important prime ministers in British history; but also for his love of cigars.

The Gran Reserve line was launched by H. Upmann in 2009, and in 2011 the Sir Winston edition was released.

Just 5000 boxes of 15 cigars were produced, for a total of 75,000 cigars.

17. Partagas Serie E No.1 Colección Habanos 2013

Price/stick: $280.

The Serie E No. 1 Colección Habanos 2013 from Partagas appears 18th on our list of the most expensive cigars.

With this particular cigar now being over 10 years old, its price has risen heavily.

You can still find this cigar for sale in the USA for roughly $280 per stick, however, prices do vary.

16. Hoyo De Monterrey Maravillas Collection 2015

Price/stick: $290.

The most expensive Hoyo de Monterrey cigar is the Maravillas Collection 2015.

There were just 2000 boxes of 20 cigars produced, amounting to a total of 40,000 cigars.

Given the smaller production number in comparison to the other Hoyo de Monterrey’s featured on this list, you can expect to pay $290/stick for this cigar.

15. Cohiba Behike Series

Price/Stick $300

Cohiba Behikes are one of the most popular and sought-after cigars in the world.

Behike cigars are known for their full-strength flavor and quality, provided you can get your hands on the authentic product.

They’re sold in three different ring gauges: 52, 54, and 56.

These sizes are represented in their names respectively: Behike 52, Behike 54, and Behike 56.

The Cohiba Behike cigars are sold in 10-count boxes and increase in price depending on their size.

14. Oliva Serie V Roaring Twenties Super Limited Edition

Oliva Cigar Co. are well known for producing cigars that provide a great smoking experience for a great value.

However, in 2023 they decided to do something a little different.

The most popular line of Oliva cigars is the ‘Series V’, and last year they announced a new Series V Roaring Twenties Super Limited Edition.

When we take a look at the average price of an Oliva cigar, we can see a price of around $10, so what’s different?

The packaging is the most notable difference, with the Roaring Twenties SLE cigars being placed in boxes produced by Daniel Marshall.

Half of the cigars (the top layer) are also covered in gold foil.

In addition, there will only ever be 300 boxes created, for a total of 3000 cigars.

13. Trinidad Casilda Coleccion Habanos 2019

Price/stick: $370.

As you may have already noticed, Habanos limited edition collections can become incredibly expensive.

The Trinidad Casilda 2019 is another edition within the Coleccion Habanos with only 3000 boxes being produced.

This cigar once again features the traditional book-shaped box packaging as with any ‘Coleccion Habanos’ release.

Getting your hands on a single stick could cost up to $370.

12. Daniel Marshall 24KT Golden Gigante

Price/Stick: $395

Continuing both the obsession with gold and also the story of Daniel Marshall brings us to the next cigar on our list.

For those who are unaware of Daniel Marshall ; he’s a well-known figure within the cigar industry for his work with manufacturing custom humidors.

In 2011, Marshall decided to create a 24KT gold cigar for his friend’s 64th birthday. 

Marshall then produced a limited run of the cigar which would be packaged in a custom-signed travel humidor.

The 24kt cigar comes in two sizes, Torpedo and Gigante, with the Gigante size being the more expensive of the two.

Its base is that of the DM2 cigar, also sold by Daniel Marshall, which is rolled and sold to him by the Plasencia factory.

Daniel then covers the cigar with a thin layer of gold leaf from Italy.

  11. Montecristo Gran Piramides Limited Edition 2017

Price/Stick: $400 

Montecristo is one of the most popular cigar brands in the world, and one of their most expensive cigars is the Gran Piramides Limited Edition from 2017.

The Gran Piramides are part of the ‘Coleccion Habanos’, which come packaged in a box that’s shaped to look like a book.

At its core, the Gran Piramides are a Montecristo No. 2 that has been increased in size for this limited collection.

This cigar has a length of 6.25 inches and a ring gauge of 57, while Montecristo No. 2’s are a 52 ring gauge, and slightly shorter in length.

Only 2000 boxes of the Gran Piramides 2017 were produced by Habanos SA.

10. Partagas Lusitanias Gran Reserva Cosecha 2007

Price/Stick: $430

Continuing with another Habanos SA-produced cigar, the 2007 Gran Reserva Lusitanias from Partagas is our 11th most expensive cigar.

Just 5000 boxes of 15 cigars were produced, resulting in a total count of 75,000 cigars.

The Gran Reserve Cosecha 2007 can still be found for sale, but given its age, you might have to shell out more than you wish to.

9. Cohiba Talisman Edicion Limitada 2017

Price/Stick: $450

When it was originally released, the Cohiba Talisman EL 2017 cost just $547 for a box of 10.

Since their release, the price has risen rapidly year over year.

The cigars were produced at the world-famous El Laguito factory in Havana, Cuba.

At the time of writing this article, you’d be lucky to find a single stick for under $450.

8. Cohiba 55 Aniversario Edicion Limitada 2021

Price/Stick: $500

While not the most expensive release from Cohiba in the year 2021, the next entry on this list was certainly an important one.

The 55 Anniversario Edicion Limitada 2021 marked the 55th anniversary of Cohiba.

As the name suggests, the cigar was indeed a limited edition, and difficult to get a hold of.

The cigar was released in 10-count boxes, costing roughly $5000/box.

7. Davidoff Oro Blanco

Price/Stick: $600

Davidoff claims that the Oro Blanco is the most exceptional cigar they’ve ever created.

The Oro Blanco is a 6-inch, 54 ring gauge, toro-shaped cigar, with an all-Dominican wrapper, binder, and filler

So why does it cost $600 per cigar?

One of the main reasons for its high cost is due to Davidoff’s aging process.

The Oro Blanco, which translates to “White Gold”, is made with tobacco leaves grown in areas with some of the richest soil across the entire Dominican Republic.

The leaves are then aged for 12 years before the cigar is rolled; a task completed only by Davidoff’s most experienced rollers (15+ years of experience).

After one additional year of aging, the single cigar is then reviewed, approved, and placed into a custom box.

6. Mayan Sicars

Price/stick: $633.

At the beginning of this article, we mentioned a specific auction involving a box of 800 cigars.

In 2012, a large crate of Mayan cigars, expected to be more than 600 years old, was discovered in Guatemala.

It’s important to mention that the most reliable source of this information mentions the sale of all 800 cigars for a total of $507,000, which would put the price/stick at $633.

The cigars were buried deep below the surface in sealed clay pots, and discovered by an archeologist team from Tampa University.

Who paid the $507,000? A man named Gary Liotta, owner of the Santiago Cigar Factory in New York.

5. Gurkha His Majesty’s Reserve

Price/Stick: $750

On the sixth spot, we have Gurkha His Majesty’s Reserve cigar.

It’s made each year, and if you’re a cigar enthusiast, you will need to preorder them a few years beforehand. 

The total size of each cigar is 7-5 x 52 inches. The Connecticut Maduro wrapper comes with a Dominican binder and filler that is aged for 12 years.

The filler is infused with Louis XIII cognac, which gives it an amazing aroma.

This cigar is very rare and special, and the cognac has been known for selling only to dignitaries worldwide. 

A total of 75 boxes are being made every year. The incredible aroma, as well as the taste of the cigar, will be something that you will be so impressed with that you will never forget. 

4. Cohiba Ideales Coleccion 2021

Price/Stick: $1100

As the name suggests, this Cohiba cigar was released in 2021, measuring almost 7 inches in length, with a 56 ring gauge.

The Ideales Coleccion 2021 is limited to just 3000 boxes of 20 cigars, totaling 60,000 sticks.

The box is manufactured to look like a book.

Cohiba’s Ideales Coleccion 2021 is the last cigar to feature on this list that isn’t either covered in gold leaf and crystals or nearly 20 years old.

Which makes it the most expensive plain cigar that can still be purchased today.

3. Gurkha Black Dragon (2006 Edition)

Price/stick: $1,150.

The Gurkha Black Dragon is a cigar that you can still buy and smoke newer versions of to this day, but the original 2006 edition is a rare find.

The OG boxes were handmade using camel bone and were limited to just 5 boxes of 100 cigars.

Those who have smoked the original Black Dragon from 2006, and the newer editions seem to conclude that the taste is more or less the same.

Although the 2006 first edition of the Gurkha Black Dragon cost around $1,150, given how limited it was at the time; the current version of this cigar can be added to your collection for just $40/stick.

2. King of Denmark Cigar

Price/stick: $4,500.

The King of Denmark cigar is produced by Royal Danish and only 30 sticks are rolled per day.

Buyers can customize the cigar with both 24KT gold leaf and Swarovski crystals. 

They’re also able to have their name inscribed on the cigar.

Whilst this cigar doesn’t have to cost you thousands, it can reach up to $4,500/stick depending on the customization.

1. Gurkha Royal Courtesan

Price/Stick: $1.36 Million

The most expensive cigar in the world is the Gurkha Royal Courtesan cigar.

The Royal Courtesan is worth a ridiculous $1.36 million per stick.

One of the most interesting things here is that Gurkha are not known for their quality. 

In fact, Gurkha’s quality control is often a common problem reported by fellow cigar aficionados.

This begs the question: why does this cigar cost so much more money than anything else on the list before it?

Let’s get into the details of the Royal Courtesan:

• The cigar’s filler is infused with Remy Martin’s Louis XIII cognac.
• It’s hand-rolled by a select few skilled rollers, who are blindfolded.
• The band of the cigar is covered in 5-carat diamonds.
• Rare Himalayan tobacco leaves are used for the wrapper.
• The wrapper is also covered in a layer of 24KT gold leaf.
• Personal delivery to the owner by a messenger

Notable Mentions

That concludes our main list of the 25 most expensive cigars in the world.

There are, however, a few entries we’d like to mention.

Although these weren’t included in the main list, they’re worth mentioning to any fellow cigar aficionado.

Regius Double Corona Cigar

Price: $52,000.

We decided to leave out the Regius Double Corona from our main list as the cigar itself is not the main reason for the high price.

In 2013, Regius Cigars developed their Double Corona cigar, which is produced in Nicaragua.

However, the main attraction was not actually the cigar itself, but what was included with the purchase.

The buyer of the cigar would be flown first class out to Regius headquarters in Nicaragua, where they would be given a private tour of the factory.

They would also be allowed to create their own cigar blend, and be given 1000 sticks of said blend to take home with them.

Gran Habano #5 El Gigante

Price: $185,000.

Technically this cigar does have a clear price/stick, selling for $185,000 in 2013.

However, it’s probably worth mentioning that the cigar is 19 feet long, 3 feet thick, and weighs over 600 pounds.

Here are some interesting facts about the Gran Habano #5 El Gigante:

• Despite its size, it can be smoked by multiple people at the same time.
• Made with 1,600 pounds of tobacco.
• Equivalent to smoking 25,000 cigars
• Contains 15,000 wrapper leaves
• Has a ring gauge of 1920
• Weighs 2,500 pounds with the wooden case

We decided to separate the El Gigante from our main list of expensive cigars, but the story itself is worth mentioning.

If you enjoyed this list, don’t forget to check out our other most expensive lists:

• The Most Expensive Vodkas
• The Most Expensive Alcoholic Drinks
• The Most Expensive Cigarettes
• The Most Expensive Bourbons
• The Most Expensive Tequila

Here’s a quick recap of the 25 most expensive cigars in the world, per stick:

• Gurkha Royal Courtesan
• King of Denmark
• Gurkha Black Dragon (2006 Edition)
• Cohiba Ideales Coleccion 2021
• Gurkha His Majesty’s Reserve
• Mayan Sicars
• Davidoff Oro Blanco
• Cohiba 55 Aniversario Edicion Limitada 2021
• Cohiba Talisman Edicion Limitada 2017
• Partagas Lusitanias Gran Reserva Cosecha 2007
• Montecristo Gran Piramides Limited Edition 2017
• Daniel Marshall 24KT Golden Gigante
• Trinidad Casilda Coleccion Habanos 2019
• Oliva Serie V Roaring Twenties Super Limited Edition
• Cohiba Behike Series
• Hoyo De Monterrey Maravillas Collection 2015
• Partagas Serie E No.1 Colección Habanos 2013
• H. Upmann Sir Winston Gran Reserva Cosecha 2011
• Cohiba Siglo De Oro (Year of the Rabbit)
• Hoyo de Monterrey Double Coronas Gran Reserva Cosecha 2013
• Hoyo de Monterrey Epicure No. 2 Reserva Cosecha 2012
• Davidoff Royal Release Salamones
• Cohiba Spectre 2023
• Arturo Fuente Opus X 20th Anniversary
• El Septimo The Zaya Collection (Mirifico Sapphire)

Are there any cigars we’ve missed from this list? Leave a comment below.

The 10 most expensive countries to live in worldwide.

Which are the most expensive countries to live in worldwide? Hold tight, as you’re about to find out.

If you’ve dreamed about moving abroad and starting life afresh in a new country, then read through this list before you do, as you might be shocked to find out just how expensive some of these lesser-known countries are. 

We’ve put together this list based on accommodation and living expenses for a single person living in the capital city of each country, and according to population. 

Here’s a list of the 10 most expensive countries to live in worldwide…

The list of countries and figures mentioned below have been compiled from various sources around the web, such as World Population Review & Nomad List .

These are the 10 most expensive countries to live in worldwide:

10. Barbados – $2,061

Kicking off our list of the 10 most expensive countries to live in worldwide, is Barbados. 

Barbados is a sovereign island nation in the Lesser Antilles of the West Indies, which is the Caribbean region of North America. 

It covers approximately 349km² and is 23 kilometres wide and 34 kilometres long, with a total population of 285,719 people. 

Barbados is the fourth-most densely populated country in the Americas and, it’s capital city, Bridgetown, has approximately 110,000 people living in it. 

To rent a one-bedroom studio apartment in Bridgetown, you’re looking at spending around $500 a month, or $100 a night in an Airbnb. 

A basic meal out will cost you no less than $13. A beer is around $6.50 and coffee is approximately $5.00 depending on where you go. 

9. Japan – $2,612

The ninth most expensive country to live in worldwide is Japan. 

Japan is an archipelago island nation in South-East Asia, made up of 6,852 islands, with a current total population of 126.8 million people. 

Of the 6,582 islands, the four largest islands account for the majority of inhabitants, as roughly 97% Japans population live on the four islands. 

Japan has many major cities, like Osaka, Yokohoma, Nagoya and Sapporo, which are all populated by more than 2 million people. 

However, Tokyo, Japans Capital City and the largest city in Japan, has an approximate population of 37 million people. 

To rent a one-bedroom studio apartment in Tokyo, you’re looking at spending in the region of $1,370 a month, or $111 a night in an Airbnb. 

Eating out varies in price, but as an average for one person, you should be looking at spending around $15.00 for a basic meal and around $6.00 for a beer.

Coffee is also pretty reasonable, considering how expensive Tokyo is, at $2.81 a cup. 

8. Norway – $2,659

Located in Northern Europe, Norway is a Scandinavian country with a total population of 5.3 million people. 

Norway shares its borders with Sweden, Russia and Finland, and has a total landmass of 385,203 km².

It’s only the 171st most densely populated country on earth, with roughly 14 people for every square kilometre. 

Rent is expensive in Norway’s capital, so renting a one-bedroom studio apartment in Oslo, will set you back around $1,193 a month, or $85 a night in an Airbnb. 

You won’t have much change left from $15 when buying a meal out, and a beer will set you back around $9.11.

7. The Bahamas – $2,704

The next most expensive country in the world to live in is The Bahamas. 

Made up of over 700 islands, the Bahamas has an approximate population of 389,482 million people living across its 13,943km² landmass. 

The largest city in the Bahamas is Nassau, with a total population of 255,000. 

If you’re thinking about visiting the Bahamas, then you should budget approximately $950 a month for a one-bedroom studio apartment in the city, or $149 a night for an Airbnb. 

You’ll need to take at least $50-$100 with you when you go out for a meal and some drinks, as a basic meal costs around $15-$20 and a beer will cost you around $2.50. 

Coffee is a little on the expensive side, at around $5 each. 

6. Luxembourg – $2,751

One of the smallest countries on our list, Luxembourg, is also one of the smallest sovereign nations on the planet, and it won’t leave you with a lot of wiggle room when it comes to your monthly expenses. 

Luxembourg is a landlocked country, located in western Europe, and has an estimated population of 620,319 people. 

Its population is small compared to other countries on the list, however, it has roughly 207 people per square kilometre, making it the 67th most densely populated country on earth. 

When you arrive in Luxembourg City, you can expect to pay around $1,322 per month for a one-bedroom studio apartment, or $80 a night in an Airbnb. 

Luxembourg seems like it’s slightly more expensive than the Bahamas when it comes to luxuries like beer and coffee, as one beer will cost you around $9 and coffee will set you back $6. 

Eating a basic meal out will cost between $17-$25 for one person depending on what you order. 

5. Iceland – $2,802

Coming in at number five on our list of the most expensive countries in the world is Iceland. 

Iceland is located between the North and Atlantic Oceans and has a total surface area of 103,001 square kilometres. 

However, Iceland’s population of 339,949 people, remains relatively low in comparison to others on our list as its harsh geographical landscape proves difficult to live in for many, at times. 

As a result, Iceland has the lowest population density of any European country, at just 3 people per kilometre. 

Staying in Iceland will cost you approximately $1,236 a month for a one-bedroom studio apartment in the capital city of Reykjavik, or $128 a night in an Airbnb.  

Whilst you’re there, eating out will cost you around $12 for a basic meal, $8 for a beer and $2.15 for a cup of coffee. 

4. Denmark – $3,312

The southernmost Nordic country in Northern Europe, Denmark, is the fourth most expensive country to live in worldwide. 

Denmark, bordered by Germany, Sweden and Norway has a total current population of 5.7 million people. 

The Scandinavian countries capital city is Copenhagen, which has an urban population of 1.2 million people, and a metropolitan population of 1.99 million.  

Known as one of the happiest places to live on earth, Copenhagen is also a very expensive city to live in.

For a one-bedroom studio apartment, you’re looking at $1,917 a month, or $96 a night in an Airbnb. 

Eating out will cost you approximately $18 per person and beers and coffee are anyway between $5.50-$6.50 a pop!

3. Switzerland – $3,162

Switzerland is the third most expensive country to live in worldwide. 

With more than 8.6 million people living across, 41,285 square kilometres, Switzerland is the 95th most populated country in the world, and the 135th largest country in terms of the total landmass. 

Switzerland has a number of beautiful cities to live in, like it’s capital, Bern, and it’s the largest city, Zurich. 

Bern has approximately 133,000 people living there and accommodation for a month in Bern, for one person, will cost in the region of $1,366, or $86 a night in an Airbnb. 

A meal out will cost you approximately $15-$20, with an additional beer costing around $6.00 and coffee costing around $5.00 a cup. 

2. Cayman Islands – $3,387

The Cayman Islands is the second most populated British overseas territory in the world, just behind Bermuda.

It is located in the western end of the Caribbean sea and has a total current population of approximately 63,000 people. 

It’s made up of a number of islands like Grand Cayman, Little Cayman and Cayman Brac. 

The Cayman Islands are well known for housing offshore companies, and it’s believed that there are over 100,000 companies registered in the Cayman Islands. 

If you’re considering doing business in George Town, the capital city of the Cayman Islands, then a one-bedroom studio apartment will cost you around $1,924 a month or $83 a night in an Airbnb. 

Food and drink on the island are where you might spend a lot of your money.

A basic meal out will cost you at least $20-$30, with beer costing around $8.00 and coffee costing around $7 a cup. 

1. Bermuda – $5,011  

At over $5,000 a month for accommodation and living expenses, Bermuda is the most expensive place to live in worldwide.

Similar to the Cayman Islands, Bermuda is another British territory located in the North Atlantic. 

Bermuda has a total population of approximately 65,000 people living across a total landmass of 20.5 square miles. 

Its capital city, Hamilton, is also Bermudas only incorporated city and has a current population of just over 1,000 people. 

When looking for accommodation in the city, you’re going to need some deep pockets, as a one-bedroom studio apartment will cost you around $2,675 a month, or $212 a night in an Airbnb. 

If you’re a drinker, then get prepared to spend some cash, as one glass of beer will cost you a minimum of $10, and dinner will be around $20-$30 per person. 

Bermuda is the most expensive country to live in worldwide. 

We hope you enjoyed our list of the 10 most expensive countries to live in worldwide.

Well, there you have it, those were some super expensive countries to live in.

Living in those countries might make you think twice about drinking alcohol , on a regular occasion, and make you sharpen the purse strings a bit more.

However, it’s all relative and depends on your disposable income and expenses.

So, if you’re still planning on moving to, or even visiting one of these countries long term, then at least you know what to expect. 

Here’s a quick recap of the 10 most expensive countries to live in worldwide:

• Bermuda – $5,011
• Cayman Islands – $3,387
• Switzerland – $3,162
• Denmark – $3,312
• Iceland – $2,802
• Luxembourg – $2,751
• The Bahamas – $2,704
• Japan – $2,612
• Norway – $2,291
• Barbados – $2,061

What’s your favourite most expensive country? Leave a comment below.

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Docked next to each other, Amazon founder Jeff Bezos’ $500 million megayacht and AliExpress founder Jack Ma’s $200 million superyacht literally dwarfed every vessel in the marina

The Midas Touch: $4.8 Billion History Supreme Most Expensive Yacht Ever Sold

We’ve seen some opulent yachts, but the 100-foot History Supreme takes the gold-encrusted cake. Stuart Hughes, a British purveyor of luxury gadgets, took a break from his role as an iPad alchemist to create the $4.8 billion superyacht, covered in platinum and gold from bow to stern.

Purchased by an anonymous Malaysian businessman, History Supreme is the most expensive yacht ever sold, according to Luxury Launches. The Daily Mail reports that the impressive vessel took three years to complete and used over a staggering 220,462 pounds of precious metals. Everything – from the base of the boat, to the deck, dining area, rails and anchor – were decked out in gold and platinum.

The exorbitant price tag is also the result of the lavish master bedroom, adorned in platinum with a wall feature that is made from meteoric stone and a genuine T-Rex dinosaur bone. It is rumored that Robert Kuok purchased the superyacht, worth 10 times the amount Roman Abramovitch (previous title holder for world’s most expensive yacht) paid for the Eclipse megayacht. Kuok is one of only three Malaysians with a net worth of $5 billion or more, according to Forbes billionaire’s list . If the purchase price is accurate, “the most likely buyer is Robert Kuok , the richest man in Malaysia, with a net worth of $12.5 billion,” reports Business Insider .

We may not have any gold-fringed yachts for sale , but Atlantic Yacht & Ship features a wide variety of yachts and boats for sale that will suit even the most distinguishing tastes. Check our listings and contact a sales rep today to tour any vessel at 1-888-230-0439.

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This Shark Tank Winner Has A $1 Billion Plan To Replace Toilet Paper

Dude wipes’ potty-mouthed founders have already grabbed 1% of the $11 billion u.s. toilet paper market. now the mark cuban-backed startup is aiming to swipe up to 10%., by jemima mcevoy , forbes staff.

S ean Riley sits in the corner of the “Dump Room,” the actual name of his company’s conference room on the sixth floor of a modest multi-tenant office building in Chicago’s West Loop. Dressed in a green tie dye shirt and relaxed jeans, Riley, the 39-year-old cofounder and CEO of Dude Products (or as he calls himself, “Chief Dude Officer”), points out the window to a red brick behemoth across the street. “You see that building right there, that whole city block. That’s all Kimberly Clark, and that’s just their Chicago office,” he says incredulously. Kimberly Clark owns Cottonelle, one of Dude’s key competitors and the $20 billion (2023 sales) consumer goods giant set up shop across the street in 2021, just a few months after Dude moved in. “Where are the binoculars?” quips cofounder Ryan Meegan, Dude’s chief marketing officer, from Riley’s side.

Daniel Brown for Forbes

He’s only half joking. Since starting Dude Products in 2011, Riley, Meegan and a third cofounder, Jeff Klimkowski, childhood friends from the Chicago suburbs, have closely studied the trail left behind by “Big Toilet Paper” leaders like Kimberly Clark and Procter & Gamble – everything from the design of their newest rolls to their latest ad campaigns – and have done, well, the exact opposite. Where Charmin has friendly looking bears and Angel Soft, a cherubic baby, Dude Wipes has lewd emojis and potty puns. Toilet paper packaging is white; Dude sells its extra-large wipes, in flavors like “Mint Chill” and “Shea Butter Smooth,” in jet black packaging. (It costs $4.99 for a pack of 48.) “Those guys wouldn’t even use the word butt until like two years ago,” says Riley of his competitors.

They’ve foregone traditional marketing for viral stunts, starting with their 2015 appearance on Season 7 of the hit business show “Shark Tank,” where they won over billionaire Mark Cuban by telling him his “ass hates him” for using dry toilet paper. Cuban cut a $300,000 check for 25% of the business, still the only money they’ve raised to date. For this year’s Super Bowl, Dude bought multiple giant billboards overlooking the Las Vegas strip which it populated with potty jokes personalized to singer Taylor Swift (“It’s me. Hi. I’m the solution. It’s me. Not TP.”) and her boyfriend, Travis Kelce, a star of the Super Bowl winning Kansas City Chiefs (“We love a clean tight end, too.”).

It’s not just the foul humor that’s paying off. Dude’s founders have been very conservative in how they’ve grown their business. Until 2016, Riley was the only full-time employee; the other cofounders kept their day jobs to fund the business while Riley himself drove Ubers and waited tables for extra cash. There are now just 21 employees as Dude outsources all its manufacturing to the same Arkansas-based facility used by its competitors. They’ve forgone funding opportunities and scrapped diversification plans — including the launch of Dude-themed body washes and deodorants, which they tried briefly pre-Covid – in favor of organic growth with a single-minded focus on just one thing: wet wipes.

Now, the results are showing. One of the most successful businesses in Shark Tank history, Dude Products rolled up $110 million in revenue last year, from $70 million in 2022. The company, which has been profitable since 2016, now makes up 1% of the $11 billion toilet paper industry. The founders predict Dude will do $500 million in annual sales within five years and ultimately grow into a $1 billion (sales) brand. “We think that’s all pretty achievable,” says Riley. For now, it has some catching up to do to reach category leaders but Dude’s products are now available in more than 20,000 stores across the U.S., including the toilet paper aisles of Walmart, Target and Kroger. Coming next: Sam’s Club and Costco, where the wipes are currently being tested online and in Alaska.

Dude's founders put together their Super Bowl ad in a matter of days after getting a tip about open billboard space on the front of Resorts World overlooking the Las Vegas strip. "It was just vintage stunt Dude Wipes, which everyone has come to expect from us," says Meegan.

“I think we were absolutely insane to go from $0 to $100 million. So now when you’re telling me do I think it’s difficult to go from $100 million to $500 million? No, just given all that we’ve come from. Based on the new distribution alone, we’ll get to $500 million,” says Klimkowski. “Really the question mark here is to get from $500 million to $1 billion and that all has to do with moving the needle on household penetration, which again, I feel very confident.”

Surprisingly it’s not just men enjoying the product. The company claims about 50% of its users are women, choosing the brand over traditional toilet paper because it “cleans better.”

“No-one else is doing anything like it,” says Cuban, whose son orders the wipes. The billionaire says he mooches off his kid and enjoys the “regular” (unscented) wipes. “They created a culture and community around the product that is fun,” adds the billionaire, who talks regularly with the founders about strategy. “Someone sh-ts their pants in public and they talk about it.”

I t’s a simple and cheap product built around a fairly radical concept. “Toilet paper doesn’t fully get the job done,” argues Meegan, who prior to Dude, worked in sales and marketing for his dad’s business, a manufacturer of the luxury portable restrooms you find at golf tournaments or other high-end events. Meegan calls it ironic that he ended up in the toilet industry too, though watching his dad build a business from the ground up taught him the ropes of starting something from scratch.

The cofounders say they stumbled onto the idea when they moved into their first apartment in Chicago. They graduated from different colleges but stayed in contact and were all working nine-to-five jobs in the city – Riley in sales for a construction tech firm, Klimkowski as an investment banker. (Their fourth cofounder, Brian Wilkin, left in 2018 to pursue other ventures, according to Riley; Wilkin did not respond to an interview request from Forbes .) That’s when Riley began stocking their communal bathroom with baby wipes. The habit caught on quickly among the roommates and their friends, which is when they realized they might be onto something.

After sketching up the prototype (Riley still keeps the original, a white cardboard box with “Dude Wipes” penciled on the side, in his office), they found their manufacturer by researching where other flushable wipes brands made their products. They pooled together $30,000 of their savings and spent $25,000 on buying the wipes, leaving them with $5,000. The result, explains Riley: “We didn’t have any money really for marketing but we had product.” They began handing out wipes for free to anyone who would take them, including at music festivals (they paid $1,500 for a booth at a local electronic music festival) and on college campuses (their first big order was selling $400 worth of wipes to a frat house at Illinois State University). This a tactic the company still uses to this day – Dude says its products will be sampled to “hundreds of thousands of students” at freshmen orientations this year via a partnership with Amazon. They also found a surprising partner in subscription boxes, like Mystery Tackle Box, which were always looking for new fillers.

Among Dude's surprising fans is musician John Mayer, who sent the company a message on Instagram last year asking them to release single packs with two wipes instead of one. The “two wiper” will be released later this year.

In 2013, Dude was doing just $20,000 in sales when the founders started approaching major retailers, hiring a broker in Cincinnati to help secure the meetings. Most laughed them out of the room until they met with Kevin Darcy, the head of toilet paper at Kroger, in 2014. By this point, Dude’s sales had jumped to $225,000, thanks in large part to their success on Amazon, where they were steadily racking up repeat customers. “He was like this is early but you know what, I like it. I’m in toilet paper. There's not anything cool. There’s not anything new. I’m going to give you a shot,” Riley recalls. (Darcy declined an interview due to Kroger’s press policy.) In 2015, Dude signed a $2 million deal to stock its wipes in the toilet paper aisle of 2,000 Kroger stores.

That same year, they finally got a “yes” from Shark Tank’s producers after two previous attempts to get on the show. The effect was almost immediate: sales doubled to $3 million in 2016, up ten-fold from 2015 (thanks in part to the Kroger deal also). They were able to leverage the momentum from the show for a trial in 1,500 Walmart stores in 2018, which went so well that Dude secured a permanent position in Walmart’s toilet paper aisle, or as Riley calls it, the “Super Bowl” of toilet paper. “They had identified opportunities to serve the customer in a different way that others weren’t,” says Will Loan, the Walmart buying manager who brought in the wipes, citing the male-focused marketing, larger wipe size and packaging. He adds: “They were willing to talk the customer about something everyone experiences (bowel movements) but no other brand was willing to do at that time.” Today, sales in Walmart stores and on Walmart.com make up about 15% of Dude’s total revenue, with retail comprising about half of Dude’s overall sales. Its biggest channel is Amazon, which makes up 38% of revenues.

T hings were already rolling for “the Dudes” when COVID struck. As toilet paper aisles across the country emptied, more and more desperate shoppers began searching up alternatives and stumbling upon Dude Wipes. From there an interesting trend began to emerge: 75% of customers who bought wet wipes for the first time during the pandemic went back to buy the products again, according to Dude’s own studies of consumer data. The overall category has grown in size by 35% since 2020, compared to 5% growth in dry toilet paper during the same time period, data from Nielsen analytics shows. Part of that is because of the sheer size of the dry toilet paper industry: $9.9 billion in sales in 2020 versus $530 million for wet toilet paper. Dude made up more than 40% of this category growth.

This gave the founders an idea. Instead of existing “adjacent” to toilet paper as was their strategy previously, could Dude Wipes directly compete with it? The company commissioned studies looking at how consumers reacted to replacing dry toilet paper with wet and found 95% of toilet paper users preferred their experience with wipes. They put in place a plan. With more money to spend on marketing (they’re doubling last year’s $15 million budget), at least 5,000 new retail locations on the horizon and a larger pack size soon to be released (like with toilet paper, they say their customers want to buy in bulk), Dude is aiming to lead a dramatic expansion of the category. The founders project they will surpass $160 million in revenue by the end of this year and $500 million by 2029.“We’re on the disruption toilet paper path, like hey can we move everyone over to this solution?” says Riley.

To that end, the Dudes in 2022 hired as a consultant Pete Carter, a 40 plus year marketing director from Procter & Gamble who led the transformative campaigns for products like Tide Pods and Swiffer. Carter, who calls himself “the Old Dude,” is guiding what he describes as the company’s “mass media” campaign. Up until recently, most of Dude’s marketing was through social media and word of mouth. Now, they’re investing heavily on a national advertising blitz, including a TV commercial that will play across the country through December (they first ran it in select markets during the Super Bowl), radio spots and billboards. They also sponsored a NASCAR race, “The Dude Wipes 250,” at the Martinsville Speedway track in Virginia in April. Along with more traditional ads, Dude is focused on “behavior change advertising” aimed at showing consumers there is an alternative to toilet paper. According to Carter, a test run the company did last year in several markets yielded “double digit” growth in retail. “And that’s on top of a business that was already growing double digits.”

Dude sponsored Nascar driver Anthony Alfredo, who placed #5 in the 2024 Dude Wipes 250 in April.

Noting these early results and the “runway” due to the current “low awareness” of the brand, Carter views the Dudes’ goal of swiping a significant portion of toilet paper users as very achievable. He likens it to the challenge faced by Swiffer: “We were up against 100 year old brooms and mops and old technology like that and what we found is people still have a broom in their house but they’re using swiffer more often,” says Carter. “As that grows and they get more comfortable with it, people will change their habit.”

Burt Flickinger, a retail consultant who works with Procter & Gamble, Kimberly and Clark and other flushable wipes makers, is less convinced. He calls Dude’s plan for domination “overly ambitious” (the toilet paper market has been around for about 1,500 years, after all). But he does see plenty of opportunity to expand the category by being “complementary” to toilet paper. “With truckers, people doing more long distance traveling, hiking, camping, etc., Dude could very well be the primary or sole consideration.”

Cuban’s take: “It’s not about changing habits but about filling a need that is already there,” the billionaire says.

One factor that could help: convincing consumers it’s not any worse for the environment and maybe it’s even better. To help educate consumers that their wipes are flushable and biodegrable, the founders are lobbying for the passage of the Wippes Act, which they helped promote and is currently moving through Congress. The act, if passed, would promote clear labeling distinguishing between which ones can and cannot be flushed.

There is of course the threat that Kimberly & Clark and other giants move to stamp out Dude’s success with their own multi-billion dollar marketing campaigns. As of now, flushable wipes “are a pimple on the butt of the toilet paper behemoths,” says Carter, explaining: “Nobody is putting a lot of effort into it because there’s not a lot of technology they can throw at it to capture a big market.” But that could change, especially as Dude gains ground on Cottonelle. That’s why it’s important for Dude to act now and get its name out there as much as possible, says Flickinger.

The brand is Dude’s best defense, Riley agrees. “That’s how you compete with a Goliath is being completely differentiated and doing things they can’t do,” he says. “We can never compete with their capital and their people. But they can’t compete with our spirit and our creativity, how fast we move and the things we say. The Dudeness is the magic.”

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Steward Health Care files for Chapter 11 bankruptcy

By Matt Schooley , Christina Hager , Michael Kaplan

Updated on: May 7, 2024 / 9:37 AM EDT / CBS Boston

BOSTON –  Steward Health Care , the struggling health care provider that relied on backing from private equity investors to quickly acquire dozens of community hospitals, including facilities in Massachusetts, Texas and Florida, announced Monday that it is filing for bankruptcy.

Steward, which is millions of dollars in debt , said it has "commenced an in-court restructuring process through the filing of voluntary petitions for relief" under Chapter 11 of the U.S. Bankruptcy Code. It submitted the filing in the Southern District of Texas. 

The Dallas-based company currently owns 30 hospitals across eight states, including nine in Massachusetts, where its smoldering financial crisis has raised concerns about patient safety . 

Steward has been one focus of a year-and-a-half-long CBS News investigation revealing how private equity investors have siphoned hundreds of millions of dollars from community hospitals with devastating public health consequences . Records reviewed by CBS News showed Steward hospitals around the country with a trail of unpaid bills, at times risking a shortage of potentially lifesaving supplies.

Last year, CBS News found Steward redirected money away from hospital operations by selling off the real estate of San Antonio's Texas Vista Medical Center before closing the facility altogether.

The company's bankruptcy filing lists 30 creditors who are owed a total of more than $500 million, including the U.S. government, which is owed more than $32 million to the federal government in reimbursements for insurance overpayments. 

Experts tell CBS News that Steward's debts are likely much higher, and when the dust settles, it could be one of the largest hospital bankruptcies in U.S. history. In a statement, the company said it is relying on its landlord, Medical Properties Trust, to provide sufficient funding to allow its hospitals to continue to operate through bankruptcy. 

"The Company is finalizing the terms of debtor-in-possession financing from Medical Properties Trust for initial funding of $75 million and up to an additional $225 million upon the satisfaction of certain conditions acceptable to Medical Properties Trust," Steward said in a statement.

No day-to-day impacts expected, Steward Health Care says

The company said declaring bankruptcy allows it to "continue to provide necessary care to its patients in their communities without disruption."

Both Steward and Massachusetts officials said they expected no interruptions in day-to-day operations.

"Steward hospitals remain open, and patients should not hesitate to seek care," said Massachusetts Health and Human Services Secretary Kate Walsh in a statement, adding that the state "is working with Steward and any potential partners to support an orderly transfer of ownership that protects access to care, preserves jobs and stabilizes our health care system."

"It is safe to get care in Steward facilities. The facilities are open. You should not drive past it if you are having chest pains, if you're a pregnant person about to deliver, please go to the hospital closest to you," Massachusetts Public Health Commissioner Dr. Robert Goldstein said.

Despite those assurances, anxiety over the future viability of the company's hospitals runs deep, particularly in Massachusetts. For months, health care workers have voiced concern over the impact of any potential closure. 

"The potential loss of any of these facilities will have devastating consequences for hundreds of thousands of residents from the South Shore to southern New Hampshire," the Massachusetts Nurses Association said in a statement. "However, Steward going through the process of reorganization provides an opportunity for other stakeholders to take long-awaited action and center the voices of caregivers and patients," the statement said in part.

And patients are concerned about the hospitals in their neighborhoods.

"We need this hospital. This is a nice hospital," said Riaz Udein, who's been going to the same doctor at St. Elizabeth's Medical Center in Boston for 22 years. "The neighborhood and everybody need it."

"It's needed," said Zadani Mehdi, walking into an appointment at St. Elizabeth's on Monday. "I hope they do keep this hospital open, honestly. There are a lot of patients that come here. I've been coming here since a little kid."

Massachusetts Governor Maura Healey promised that the state would help Steward patients and that they would ensure that a situation like this does not happen again.

"I do not want to lose sight of the fact that the situation stems from and is rooted in greed, mismanagement, and lack of transparency on the part of Steward leadership in Dallas, Texas. I have been clear about that, and I will continue to be clear about that. It is a situation that should never have happened, and we will be working together to ensure that there are steps taken to make sure that this does not happen again," Governor Healey said.  

The Healey administration has launched a hotline (617-468-2189) and website for patients who have questions.  

Private equity's impact on health care

A spokesperson for Steward previously told CBS News company executives always put patients first and said they "deny that any other considerations were placed ahead of that guiding principle." The spokesperson said Steward "has actively and meaningfully invested" in its hospital system since its formation, including in Massachusetts, where it took over hospitals that were "failing" and "about to close."

"Steward's investment has taken the form of facility upgrades, equipment, technology, and other meaningful improvements," the spokesperson wrote.

Yet Steward has become synonymous with the perils of private equity investment in health care. The company started buying up Massachusetts hospitals in 2010, with hundreds of millions of dollars in backing from private equity giant Cerberus , 

Cerberus shed its stake in Steward by January 2021, after making an $800 million profit in a decade, according to a report from Bloomberg . Financial records show Steward has also sold off more than $1 billion of its hospitals' land and buildings since 2016 to Medical Properties Trust, which has made a business of buying up hospital real estate from private equity investors. 

A filing with the Securities and Exchange Commission from 2021 shows Steward's owners also paid themselves millions in dividends. Around the same time, Steward CEO Ralph de la Torre acquired a 190-foot yacht estimated to be worth $40 million. In an email to CBS News, Steward confirmed de la Torre owned the yacht.

"Steward Health Care has done everything in its power to operate successfully in a highly challenging health care environment," de la Torre said in the company's statement, released at 3:30 a.m. Monday morning. "Filing for Chapter 11 restructuring is in the best interests of our patients, physicians, employees, and communities at this time."

Massachusetts Sen. Ed Markey tweeted , "De la Torre and his morally bankrupt business model have failed our hospitals, our providers, and our patients. He and his private equity allies must be held accountable. I'll keep fighting to keep hospitals open and protect patients and providers."

• Steward Health Care

Matt Schooley is a digital producer at CBS Boston. He has been a member of the WBZ news team for the last decade.

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Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows

A previously unknown focus of an I.R.S. audit is a dubious accounting maneuver that effectively meant taking the same write-offs twice on a Chicago skyscraper.

The I.R.S. believes that former President Donald J. Trump violated a law meant to prevent double-dipping on tax-reducing losses. Credit... Jamie Kelter Davis for The New York Times

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By Russ Buettner and Paul Kiel

This article was published in partnership with ProPublica. Russ Buettner of The New York Times has spent years reporting on the former president’s finances, including decades of his tax returns. Paul Kiel of ProPublica has reported on the I.R.S. and the ways the ultrawealthy avoid taxes since 2018.

• Published May 11, 2024 Updated May 13, 2024

Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million.

Listen to this article, read by Eric Jason Martin

The 92-story, glass-sheathed skyscraper along the Chicago River is the tallest and, at least for now, the last major construction project by Mr. Trump. Through a combination of cost overruns and the bad luck of opening in the teeth of the Great Recession, it was also a vast money loser.

But when Mr. Trump sought to reap tax benefits from his losses, the I.R.S. has argued, he went too far and in effect wrote off the same losses twice.

The first write-off came on Mr. Trump’s tax return for 2008. With sales lagging far behind projections, he claimed that his investment in the condo-hotel tower met the tax code definition of “worthless,” because his debt on the project meant he would never see a profit. That move resulted in Mr. Trump reporting losses as high as $651 million for the year, The Times and ProPublica found.

There is no indication the I.R.S. challenged that initial claim, though that lack of scrutiny surprised tax experts consulted for this article. But in 2010, Mr. Trump and his tax advisers sought to extract further benefits from the Chicago project, executing a maneuver that would draw years of inquiry from the I.R.S. First, he shifted the company that owned the tower into a new partnership. Because he controlled both companies, it was like moving coins from one pocket to another. Then he used the shift as justification to declare $168 million in additional losses over the next decade.

The issues around Mr. Trump’s case were novel enough that, during his presidency, the I.R.S. undertook a high-level legal review before pursuing it. The Times and ProPublica, in consultation with tax experts, calculated that the revision sought by the I.R.S. would create a new tax bill of more than $100 million, plus interest and potential penalties.

Mr. Trump’s tax records have been a matter of intense speculation since the 2016 presidential campaign, when he defied decades of precedent and refused to release his returns, citing a long-running audit. A first, partial revelation of the substance of the audit came in 2020, when The Times reported that the I.R.S. was disputing a $72.9 million tax refund that Mr. Trump had claimed starting in 2010. That refund, which appeared to be based on Mr. Trump’s reporting of vast losses from his long-failing casinos, equaled every dollar of federal income tax he had paid during his first flush of television riches, from 2005 through 2008, plus interest.

The reporting by The Times and ProPublica about the Chicago tower reveals a second component of Mr. Trump’s quarrel with the I.R.S. This account was pieced together from a collection of public documents, including filings from the New York attorney general’s suit against Mr. Trump in 2022, a passing reference to the audit in a congressional report that same year and an obscure 2019 I.R.S. memorandum that explored the legitimacy of the accounting maneuver. The memorandum did not identify Mr. Trump, but the documents, along with tax records previously obtained by The Times and additional reporting, indicated that the former president was the focus of the inquiry.

It is unclear how the audit battle has progressed since December 2022, when it was mentioned in the congressional report. Audits often drag on for years, and taxpayers have a right to appeal the I.R.S.’s conclusions. The case would typically become public only if Mr. Trump chose to challenge a ruling in court.

In response to questions for this article, Mr. Trump’s son Eric, executive vice president of the Trump Organization, said: “This matter was settled years ago, only to be brought back to life once my father ran for office. We are confident in our position, which is supported by opinion letters from various tax experts, including the former general counsel of the I.R.S.”

An I.R.S. spokesman said federal law prohibited the agency from discussing private taxpayer information.

The outcome of Mr. Trump’s dispute could set a precedent for wealthy people seeking tax benefits from the laws governing partnerships. Those laws are notoriously complex, riddled with uncertainty and under constant assault by lawyers pushing boundaries for their clients. The I.R.S. has inadvertently further invited aggressive positions by rarely auditing partnership tax returns.

The audit represents yet another potential financial threat — albeit a more distant one — for Mr. Trump, the Republicans’ presumptive 2024 presidential nominee. In recent months, he has been ordered to pay $83.3 million in a defamation case and another $454 million in a civil fraud case brought by the New York attorney general, Letitia James. Mr. Trump has appealed both judgments. (He is also in the midst of a criminal trial in Manhattan, where he is accused of covering up a hush-money payment to a porn star in the weeks before the 2016 election.)

Beyond the two episodes under audit, reporting by The Times in recent years has found that, across his business career, Mr. Trump has often used what experts described as highly aggressive — and at times, legally suspect — accounting maneuvers to avoid paying taxes. To the six tax experts consulted for this article, Mr. Trump’s Chicago accounting maneuvers appeared to be questionable and unlikely to withstand scrutiny.

“I think he ripped off the tax system,” said Walter Schwidetzky , a law professor at the University of Baltimore and an expert on partnership taxation.

From ‘$1.2 Billion’ to ‘Worthless’

Mr. Trump struck a deal in 2001 to acquire land and a building that was then home to the Chicago Sun-Times newspaper. Two years later, after publicly toying with the idea of constructing the world’s tallest building there, he unveiled plans for a more modest tower, with 486 residences and 339 “hotel condominiums” that buyers could use for short stays and allow Mr. Trump’s company to rent out. He initially estimated that construction would last until 2007 and cost $650 million.

Mr. Trump placed the project at the center of the first season of “The Apprentice” in 2004 , offering the winner a top job there under his tutelage. “It’ll be a mind-boggling job to manage,” Mr. Trump said during the season finale. “When it’s finished in 2007, the Trump International Hotel and Tower, Chicago, could have a value of $1.2 billion and will raise the standards of architectural excellence throughout the world.”

As his cost estimates increased, Mr. Trump arranged to borrow as much as $770 million for the project — $640 million from Deutsche Bank and $130 million from Fortress Investment Group, a hedge fund and private equity company. He personally guaranteed $40 million of the Deutsche loan. Both Deutsche and Fortress then sold off pieces of the loans to other institutions, spreading the risk and potential gain.

Mr. Trump planned to sell enough of the 825 units to pay off his loans when they came due in May 2008. But when that date came, he had sold only 133. At that point, he projected that construction would not be completed until mid-2009, at a revised cost of $859 million.

He asked his lenders for a six-month extension. A briefing document prepared for the lenders, obtained by The Times and ProPublica, said Mr. Trump would contribute $89 million of his own money, $25 million more than his initial plan. The lenders agreed.

But sales did not pick up that summer, with the nation plunged into the financial crisis that would become the Great Recession. When Mr. Trump asked for another extension in September, his lenders refused.

Two months later, Mr. Trump defaulted on his loans and sued his lenders, characterizing the financial crisis as the kind of catastrophe, like a flood or hurricane, covered by the “force majeure” clause of his loan agreement with Deutsche Bank. That, he said, entitled him to an indefinite delay in repaying his loans. Mr. Trump went so far as to blame the bank and its peers for “creating the current financial crisis.” He demanded $3 billion in damages.

At the time, Mr. Trump had paid down his loans with $99 million in sales but still needed more money to complete construction. At some point that year, he concluded that his investment in the tower was worthless, at least as the term is defined in partnership tax law.

Mr. Trump’s worthlessness claim meant only that his stake in 401 Mezz Venture, the L.L.C. that held the tower, was without value because he expected that sales would never produce enough cash to pay off the mortgages, let alone turn a profit.

When he filed his 2008 tax return, he declared business losses of $697 million. Tax records do not fully show which businesses generated that figure. But working with tax experts, The Times and ProPublica calculated that the Chicago worthlessness deduction could have been as high as $651 million, the value of Mr. Trump’s stake in the partnership — about $94 million he had invested and the $557 million loan balance reported on his tax returns that year.

When business owners report losses greater than their income in any given year, they can retain the leftover negative amount as a credit to reduce their taxable income in future years. As it turned out, that tax-reducing power would be of increasing value to Mr. Trump. While many of his businesses continued to lose money, income from “The Apprentice” and licensing and endorsement agreements poured in: $33.3 million in 2009, $44.6 million in 2010 and $51.3 million in 2011.

Mr. Trump’s advisers girded for a potential audit of the worthlessness deduction from the moment they claimed it, according to the filings from the New York attorney general’s lawsuit. Starting in 2009 Mr. Trump’s team excluded the Chicago tower from the frothy annual “statements of financial condition” that Mr. Trump used to boast of his wealth, out of concern that assigning value to the building would conflict with its declared worthlessness, according to the attorney general’s filing. (Those omissions came even as Mr. Trump fraudulently inflated his net worth to qualify for low-interest loans, according to the ruling in the attorney general’s lawsuit.)

Mr. Trump had good reason to fear an audit of the deduction, according to the tax experts consulted for this article. They believe that Mr. Trump’s tax advisers pushed beyond what was defensible.

The worthlessness deduction serves as a way for a taxpayer to benefit from an expected total loss on an investment long before the final results are known. It occupies a fuzzy and counterintuitive slice of tax law. Three decades ago, a federal appeals court ruled that the judgment of a company’s worthlessness could be based in part on the opinion of its owner. After taking the deduction, the owner can keep the “worthless” company and its assets. Subsequent court decisions have only partly clarified the rules. Absent prescribed parameters, tax lawyers have been left to handicap the chances that a worthlessness deduction will withstand an I.R.S. challenge.

There are several categories, with a declining likelihood of success, of money taxpayers can claim to have lost.

The tax experts consulted for this article universally assigned the highest level of certainty to cash spent to acquire an asset. The roughly $94 million that Mr. Trump’s tax returns show he invested in Chicago fell into this category.

Some gave a lower, though still probable, chance of a taxpayer prevailing in declaring a loss based on loans that a lender agreed to forgive. That’s because forgiven debt generally must be declared as income, which can offset that portion of the worthlessness deduction in the same year. A large portion of Mr. Trump’s worthlessness deduction fell in this category, though he did not begin reporting forgiven debt income until two years later, a delay that would have further reduced his chances of prevailing in an audit.

The tax experts gave the weakest chance of surviving a challenge for a worthlessness deduction based on borrowed money for which the outcome was not clear. It reflects a doubly irrational claim — that the taxpayer deserves a tax benefit for losing someone else’s money even before the money has been lost, and that those anticipated future losses can be used to offset real income from other sources. Most of the debt included in Mr. Trump’s worthlessness deduction was based on that risky position.

Including that debt in the deduction was “just not right,” said Monte Jackel , a veteran of the I.R.S. and major accounting firms who often publishes analyses of partnership tax issues.

A Second Bite at the Apple

Mr. Trump continued to sell units at the Chicago Tower, but still below his costs. Had he done nothing, his 2008 worthlessness deduction would have prevented him from claiming that shortfall as losses again. But in 2010, his lawyers attempted an end-run by merging the entity through which he owned the Chicago tower into another partnership, DJT Holdings L.L.C. In the following years, they piled other businesses, including several of his golf courses, into DJT Holdings.

Those changes had no apparent business purpose. But Mr. Trump’s tax advisers took the position that pooling the Chicago tower’s finances with other businesses entitled him to declare even more tax-reducing losses from his Chicago investment.

His financial problems there continued. More than 100 of the hotel condominiums never sold. Sales of all units totaled only $727 million, far below Mr. Trump’s budgeted costs of $859 million. And some 70,000 square feet of retail space remained vacant because it had been designed without access to foot or vehicle traffic. From 2011 through 2020, Mr. Trump reported $168 million in additional losses from the project.

Those additional write-offs helped Mr. Trump avoid tax liability for his continuing entertainment riches, as well as his unpaid debt from the tower. Starting in 2010, his lenders agreed to forgive about $270 million of those debts. But he was able to delay declaring most of that income until 2014 and spread it out over five years of tax returns, thanks to a provision in the Obama administration’s stimulus bill responding to the Great Recession. In 2018, Mr. Trump reported positive income for the first time in 11 years. But his income tax bill still amounted to only $1.9 million, even as he reported a $25 million gain from the sale of his late father's assets.

It’s unclear when the I.R.S. began to question the 2010 merger transaction, but the conflict escalated during Mr. Trump’s presidency.

The I.R.S. explained its position in a Technical Advice Memorandum , released in 2019, that identified Mr. Trump only as “A.” Such memos, reserved for cases where the law is unclear, are rare and involve extensive review by senior I.R.S. lawyers. The agency produced only two other such memos that year.

The memos are required to be publicly released with the taxpayer’s information removed, and this one was more heavily redacted than usual. Some partnership specialists wrote papers exploring its meaning and importance to other taxpayers, but none identified taxpayer “A” as the then-sitting president of the United States. The Times and ProPublica matched the facts of the memo to information from Mr. Trump’s tax returns and elsewhere.

The 20-page document is dense with footnotes, calculations and references to various statutes, but the core of the I.R.S.’s position is that Mr. Trump’s 2010 merger violated a law meant to prevent double dipping on tax-reducing losses. If done properly, the merger would have accounted for the fact that Mr. Trump had already written off the full cost of the tower’s construction with his worthlessness deduction.

In the I.R.S. memo, Mr. Trump’s lawyers vigorously disagreed with the agency’s conclusions, saying he had followed the law.

If the I.R.S. prevails, Mr. Trump’s tax returns would look very different, especially those from 2011 to 2017. During those years, he reported $184 million in income from “The Apprentice” and agreements to license his name, along with $219 million from canceled debts. But he paid only $643,431 in income taxes thanks to huge losses on his businesses, including the Chicago tower. The revisions sought by the I.R.S. would require amending his tax returns to remove $146 million in losses and add as much as $218 million in income from condominium sales. That shift of up to $364 million could swing those years out of the red and well into positive territory, creating a tax bill that could easily exceed $100 million.

The only public sign of the Chicago audit came in December 2022, when a congressional Joint Committee on Taxation report on I.R.S. efforts to audit Mr. Trump made an unexplained reference to the section of tax law at issue in the Chicago case. It confirmed that the audit was still underway and could affect Mr. Trump’s tax returns from several years.

That the I.R.S. did not initiate an audit of the 2008 worthlessness deduction puzzled the experts in partnership taxation. Many assumed the understaffed I.R.S. simply had not realized what Mr. Trump had done until the deadline to investigate it had passed.

“I think the government recognized that they screwed up,” and then audited the merger transaction to make up for it, Mr. Jackel said.

The agency’s difficulty in keeping up with Mr. Trump’s maneuvers, experts said, showed that this gray area of tax law was too easy to exploit.

“Congress needs to radically change the rules for the worthlessness deduction,” Professor Schwidetzky said.

Susanne Craig contributed reporting.

Read by Eric Jason Martin

Narration produced by Anna Diamond and Krish Seenivasan

Engineered by Steven Szczesniak

Russ Buettner is an investigative reporter. Since 2016, his reporting has focused on the finances of Donald. J. Trump, including articles that revealed tax avoidance schemes evidenced on several decades of his tax returns. In 2019, he shared a Pulitzer Prize for work that revealed the vast inheritance Mr. Trump had received from his father. More about Russ Buettner

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How Bill Gates spends his $153 billion fortune, from a luxury car collection to pledging most of his wealth to his charity foundation

• Bill Gates, the cofounder of Microsoft, has a fortune worth an estimated $153 billion.
• Gates has said he'll one day give most of his wealth to his charity foundation .
• For now, he indulges in a few luxuries, from his car collection to a vast real estate portfolio.

Bill Gates may be the world's fifth-richest person, but he doesn't plan to stay that way forever.

The Microsoft cofounder said in 2022 that he "will move down and eventually off of the list of the world's richest people" as he plans to give "virtually" all of it to his philanthropic organization.

Gates is worth $153 billion, according to Bloomberg's Billionaires Index, and is one of only a handful of moguls to reach centibillionaire status.

Gates has made some lavish purchases over the years: He owns a Washington estate worth $183.5 million, a private airplane, and a luxury car collection. But these indulgences make up only a fraction of his massive fortune, and Gates isn't known to throw his money around.

Gates has also given money to charitable causes through the Bill & Melinda Gates Foundation and vowed to give away most of his fortune through the Giving Pledge , which he and his ex-wife Melinda French Gates launched in 2010 along with Warren Buffett.

Here is a look at how Gates spends his billions.

Bill Gates, the cofounder of Microsoft, has an estimated net worth of $153 billion.

Gates long held the title as the world's second-richest person until Elon Musk unseated him in November 2020.

Now, Gates is the world's fifth-richest person and part of an exclusive club of centibillionaires — people worth more than $100 billion.

Gates has invested in various stocks and assets and launched a $1 billion investment fund, Breakthrough Energy, with 20 others.

Despite his massive fortune, Gates previously told Ellen DeGeneres that when he became a billionaire at age 31 (which was history's youngest billionaire at the time), he didn't go on a spending spree .

But he has indulged in things over time, he said, like a private plane.

It's been reported that Gates owns a Bombardier BD-700 Global Express, which can seat up to 19 people.

Gates also spent a lot on his estate, Xanadu 2.0, in Medina, Washington. It reportedly took him seven years and $63 million to build.

Gates owns at least 12 parcels of land spanning roughly 10.5 acres, purchased for approximately $34 million between 1988 and 2009. All told, the mansion and parcels have a combined assessed value of roughly $183.5 million.

In 2023, the property taxes on Gates' Medina properties added up to $1.3 million.

Gates' estate includes a 60-foot pool — in its own separate, 3,900-square-foot building — with an underwater sound system.

Gates reportedly has paid to import sand from St. Lucia in the Caribbean to the shore surrounding his house.

There's also a 2,100-square-foot library, home to a 16th-century Leonardo da Vinci manuscript that Gates bought at auction for $30 million in 1994.

It's been reported that Gate's house features some display screens on the walls that can show different paintings or photographs. However, there are real paintings on the wall as well — like the Winslow Homer painting Gates purchased for $36 million in 1988.

In addition to the six kitchens, 24 bathrooms, and a home theater for 20 guests, Gates' house has various garages for 23 cars.

Gates is an avid luxury-car collector.

His first big splurge after founding Microsoft was a Porsche 911 supercar , he told DeGeneres. He purchased the car in 1979 . He later sold it, and it was auctioned for $80,000.

But that wasn't Gates' last Porsche — he's also added a Porsche 959 to his car collection

Outside of his Washington pad, Gates also has a 20-acre estate in Wellington, Florida.

The estate includes at least two mansions, one 6,668 square feet, and the other 5,716 square feet, on the property. He bought the properties over three years for about $35 million.

His daughter, Jennifer Gates Nassar , is an accomplished equestrian, and he bought the property to support her passion. It serves as the home base of her horseback riding facilities, and the area is a hotspot for many other wealthy equestrians as well.

In California, Gates owns the 228-acre Rancho Paseana, which he purchased for $18 million.

At the time he bought it, the property came with a racetrack, olive orchard, and five barns.

He added to his California real estate portfolio in 2020, dropping $43 million on an oceanfront home in Del Mar, California.

It has a 10-person Jacuzzi and 120 feet of Pacific coastline.

Gates also owns a 6-bedroom home on the grounds of Indian Wells' famous Vintage Club.

There's also another home on the grounds of a country club, Santaluz Club, in San Diego, as well as a Del Mar Country Club home, which is likely now solely owned by either Bill or ex-wife Melinda French Gates following their divorce, though it isn't apparent which one.

Gates has also bought property at the Yellowstone Club in Montana.

The main house is 6,993 square feet, with 8 full baths, 8 bedrooms, a sauna, and a home theater, according to property records. It's likely either he or French Gates owns the home following their divorce.

He also reportedly spent $9 million on a 492-acre Wyoming ranch in 2009 that Buffalo Bill named after his oldest daughter, though he is no longer affiliated with this property .

Gates is one of the largest private landowners in the country , with more than 250,000 acres, much of it farmland, according to The Land Report.

He's made numerous investments through his personal investment firm, Cascade, including partial ownership of Charles Hotel in Cambridge, Massachusetts.

A deal announced in 2021 brought his ownership stake in the Four Seasons hotel chain to roughly 71.25%.

In 2013, Gates and several unnamed buyers paid $161 million for the Ritz-Carlton in San Francisco.

Gates also takes luxurious vacations.

While Gates said in 2019 that he "didn't believe in" taking weekends or vacations during much of his time at Microsoft, he's been on some splashy trips.

In 2014, he treated his family to a Mediterranean vacation on board the 439-foot superyacht Serene, which he chartered for $5 million a week. It included a helicopter.

He's also traveled to Australia, Croatia, Belize, and the Amazon in Brazil.

He previously said that he likes to play tennis and go skiing. He's also been spotted spectating at tennis matches.

But Gates' downtime isn't always so adventurous. He's an avid reader . He's also an "avid bridge player," as he told Reddit in a 2013 AMA.

But Gates' splurges are only a fraction of his massive fortune.

Gates is known for his philanthropy.

"I have no use for money," Bill Gates told The Telegraph in 2013. But he often speaks of his philanthropic giving and healthcare investments.

A grant from Bill and Melinda led to the creation in 2003 of Amyris , a synthetic biology company that originally produced precursors to malaria drugs and hydrocarbon-based biofuel but also uses the technology for things like fragrances, skincare, and sweeteners. The company filed for Chapter 11 bankruptcy in 2023.

In November 2017, Gates invested $50 million into Alzheimer's research.

He continued these efforts in 2018 by investing $30 million with a group of investors into the Diagnostics Accelerator, a "venture philanthropy" fund to diagnose Alzheimer's earlier .

Gates is frequently named among the most generous philanthropists in the US by The Chronicle of Philanthropy.

Gates has vowed to give away most of his fortune through the Giving Pledge, which he helped launch in 2010.

Gates and his former wife have pledged about $2 billion to defeat malaria, donated more than $50 million to fight Ebola, and pledged $38 million to a Japanese pharmaceutical company working to create a low-cost polio vaccine.

During the pandemic, their foundation announced a 5-year, $1.6 billion commitment to Gavi, the Vaccine Alliance, to deliver vaccines in the world's poorest countries.

The Gates Foundation also gives toward education through its $1.6 billion initiative the Gates Millennium Scholars Program.

The foundation has made $77.6 billion in grant payments from its inception through Q4 2023, and Bill and Melinda's total giving to the foundation during that time period totals $59.5 billion.

Its 2024 budget is $8.6 billion, and the foundation is targeting a $9 billion yearly budget by 2026.

When it comes to the future of his fortune, Gates has said he's leaving $10 million to each of his children, a fraction of his net worth.

He reiterated in July 2022 that he plans to give virtually all his wealth to his and French Gates' organization, stating that he'll eventually fall off the list of the world's richest figures.

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