How to Run a $14 Million Superyacht | WSJ Operating Costs

Superyachts are like floating mini cities, equipped with a power plant, a water treatment center and massive diesel engines. There are huge costs to maintain the yacht – fuel alone can cost $350,000 per year.

WSJ explores why superyacht owners need to spend upwards of 10% of the ship’s value each year in maintenance and other operating costs, breaking down the money behind docking fees, painting costs, and engine repairs.

0:00 How much does it cost to keep a luxury superyacht afloat?
0:41 Docking costs
1:20 Fuel costs
1:58 Maintenance costs
3:19 Crew costs
4:00 Miscellaneous costs

#Superyacht #Luxury #WSJ

[johndewey]

I had never felt so good about NOT having a 14 million dollar boat!

[GKSTR]

Best advice I ever got was: If you can only afford one boat, then you really can't afford one. 😂

[sierrapeaks]

For those commenting on the $1, 800 an inch number. He is not talking about the area (square inch) that needs to be painted, he is talking about the length of the boat divided by the cost to paint. A 100 foot yacht is 1, 200 inches long. At up to $1, 800 a foot its, up to $2, 160, 000 to paint that boat.

[cornishpasty]

My sibling works on a superyacht and a lot of her time is spent docked coordinating project managers, deliveries, and vendors working on upgrades and repairs. It's constant. In addition, making sure everything is stocked for crew.

[guybeingaguy]

I’m in Fort Lauderdale and this is a HUGE business here.
STUPID money!
Working on them is just an entirely different world from your normal day to day service calls.
Without reservation EVERY crew member, EVERY ONE, was the most pleasant, educated, well spoken and nicest person you could ever meet! Always great crew members for sure.
My invoice was paid via Zelle without complaint before I could put my street shoes back on and return to my car.

I believe Fort Lauderdale is like the LARGEST port city in the US to do yacht maintenance. If you want it done, you come here! Having the Bahamas 90 miles away helps too!

[couchpotatoes]

i saw a yacht in Croatia that cost $300m to purchase, $40m a year to run, had 32 crew, 3 helicopter pads, a heli hanger, a hospital, 3 pools, and a separate "support yacht" that cost an additional bunch of million a year. it amazes me how rich some people are. for those wondering it is called the Infinity

[TheGardenMG]

I'm an accountant, and one of my client told me his happiest days with the boat is the day he bought it, and the day he sold it, even if you could comfortably afford the up keep, the constant expenses and issues with the ship is just plain annoying.

[SpaceManSouth]

I still remember the thanksgiving when my cousin came up from Miami to tell us about his new job working with HVAC. He somehow ended up working for a dude who owns a super yacht, and was getting paid 6 figures for it. The reaction from my dad will always be one of the funniest things I've seen at our dinner table. Almost spitting out his sweet tea and yelling out "You make how much!?".

[simonsaysno]

Thanks for the video. Made me reconsider buying a brand new super yacht!

[markE]

Well that's really helpful when I've been researching the operational costs of owning a Sunseeker 115

[motoryachtloon]

Great video of Snowbird in LMC, Fort Lauderdale. We're a profitable charter yacht just need to run it like a business keeping an eye on expenses and having a good charter program.

[JAROJAN]

You have convinced me! I don't buy a 14 milions USD yacht, .... and was quite close to. :)

[PRIVATEYACHTTOURSNYC]

Nice video. I run a sailing charter business in New York Harbor. I keep things in top-tier shape and compliant, but my costs are nothing like those beasts. I also do most of my work myself in the off-season.

[evanhughes]

"Costs towards their health insurance" as the editor switches to a side shot of the captain with the belly ambling along. Nice touch.

[LMays-cuhp]

Thank you for sharing this beautiful yacht.

[ljacobs]

Best friend you can have is a friend with a boat.

[KambizMostofi]

The cost of maintenance comes out to 10 percent of its purchase price. Thank you for sharing.

[dylanclash]

I mean, if you know Amazons AMZT66 you can have your own Yacht top kek

[PLuMUK]

Caring for the environment is only for the little people! Private jet to get to the boat, forget the environment. A week around the Caribbean in a gas-guzzling yacht, forget the environment. The list goes on.

[revanthkrishna]

CAT charges for spare parts are huge. They make crazy profit from it.