Jeff Bezos famously owns one of the largest sailing yachts in the world, Koru, and also a shadow superyacht called Abeona.
Combined, they’re worth more than half a billion dollars.
And, more importantly, combined, they cost millions of dollars every month just to stay afloat.
But, given Jeff Bezos’ net worth, he can probably afford it.
This is how much it costs Jeff Bezos to keep Koru afloat
At 417 feet, Koru is the second largest sailing yacht in the world after Sailing Yacht A.
The beam is 56 feet wide, and the superyacht is so big she can’t actually fit in most ports.
When Bezos got married in Venice, authorities told him right away Koru would have to be anchored miles away from the lagoon.
And the same thing happened in Monaco.
Once on board, the superyacht also features three jacuzzis and a swimming pool, alongside the ability to host a reported 18 guests and up to 40 crew members.
Between maintenance, docking fees, and crew salaries, Koru’s upkeep easily surpasses $25 million a year.
And that’s just for Koru.
Abeona, the shadow vessel, is a $75 million ship that also costs seven figures a year to maintain.
However, according to Yahoo Finance and Benzinga, Bezos ‘makes’ the equivalent of between $8 million and $10 million an hour, which means three hours is enough to cover the costs of Koru and Abeona for a year.
But there’s something we should probably address.
A common misconception
This perception probably varies depending on different factors, but some people seem to think that people like Jeff Bezos have a massive piggy bank where millions of dollars are deposited every second.
Most, if not all, billionaires on Forbes’ list have a net worth tied to companies that they either started, have significant equity in, or both.
They know that selling shares wouldn’t go down well with investors and shareholders, which is why they often take giant, low-interest loans using stock as collateral.
At any given point, people like Bezos or Musk probably have around eight or maybe nine figures in liquid cash in the bank.
The rest is in stock or other assets.
And because their net worth is tied to the value of their companies, their fortune can go up and down dramatically.
A few years ago, Zuckerberg set a negative record for the biggest net worth loss in a day after the botched attempt to rebrand as ‘Meta’ and focus on the Metaverse.
Zuckerberg has since learned his lesson: while the company is still called Meta, Zuck shifted his primary focus – and the company’s massive budget – away from the metaverse and heavily into AI.
