The digital age, coupled with the invention of cryptocurrency has produced a lot of Billionaires, and its not showing any sign of slowing down.
With many Billionaires and multimillionaires seeking to spend their money in any way they wish, owning a super yatch might be a good way to spend their money.
A whooping number of over a thousand super yatch are in construction or has been ordered already in 2021.
Many shipping yards are being stretched to the limit as to the space, whereas many wealthy buyers are trooping in with their brand new machine seeking to dock.
You should know That the price of a custom super yatch ranges in nine figures and most of the orders coming from the US, where a lot of IPO from tech firms has taken place creating in its wake trillions of dollars in wealth.
Another major breakthrough is the surge of the cryptocurrency market which has created more billionaires more than any commodity in history.
The price of a superyatch ranges from $20million to $500 million depending on the size and complexity.
The Expedition Yatch which cost from $200 million has a lot of facilities like pools, helipad, a gyms, jet garages for private jets and can travel even in the most extreme of weather and even on ice.
As most super rich are eyeing and ordering the Expedition superyatch, the issue is that most of the buyers do not go on expeditions most often and are left to dock away on the shipping yards.