, 2022-06-30 02:00:00,
Jeff Bezos is building the world’s largest sailing yacht, and it comes with a price as hefty as the watercraft – the Amazon founder has invested about $500 million in the project so far, and that’s before the cost of upkeep and other expenses. There is also a considerable dispute over the yacht, as it may require dismantling a historic bridge in the Netherlands. Here’s what we know about Bezos’ yacht and its surrounding controversy.
Jeff Bezos has invested about $500 million in a brand new yacht
Amazon founder Jeff Bezos, who has a net worth of $133.1 billion, has invested around $500 million in building the world’s largest sailing yacht.
Bezos’ watercraft is called the Y721. It features three deck levels, a swimming pool, a helicopter landing pad, and a kinetic-propulsion system (per Off The Hook Yachts). It measures 417 feet in length and over 131 feet tall, and it can reach speeds of up to 20 knots (or about 23 mph).
The Y721 can accommodate a crew of 40 people and 18 guests. Water toys and personal watercrafts, such as jet skis and smaller boats, will be housed on board. The superyacht will cost around $25 million each year to maintain.
It’s worth noting that three other famous tech billionaires are also commissioning boats, though none are as large as Bezos’ yacht. Many have said that this project is an opportunity for Bezos, Google co-founder Sergey Brin, Oracle co-founder Larry Ellison, and new People magazine owner Barry Diller to show off and compete with each other.
Jeff Bezos’ yacht has stirred up controversy in the Netherlands
The tech founder’s brand new megayacht is so big that it’s stirring up controversy in the Netherlands, where it is being built at the Oceanco shipyard.
The boat is so large that part of the historic Koningshaven Bridge, which locals call “De Hef,” will have to be temporarily removed so the Y721 can pass the structure’s 130-foot clearance.
Residents of Rotterdam united on Facebook to express outrage over dismantling the bridge. They promised to pelt Bezos’ megayacht with rotten eggs if the city followed through with plans to remove a…
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