Why Oligarch's Love Their Mega Yachts #shorts

We speak to an open-source information enthusiast, who is tracking the movements of Russian oligarchs’ superyachts.

These billionaires hold immense wealth and influence and help prop up Putin’s regime.

But by tracking these yachts, everyday people can help keep the pressure on governments to seize these giant displays of wealth, thus (theoretically) eroding the oligarchs’ support of Putin. All this, in an attempt to help end the war in Ukraine.

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[KwameR.Sankofa]

Theyre also portable islands where the rich can do whatever they please and no consequences

[heatguillen]

This is exactly why yachts get physically seized before any other assets.

[CapnCody]

This is kind of why they spend insane amounts on art, too.

[TheLegPumpkin]

All boats lose value immediately. Yes at that level they are still worth a fortune but it's not a gain or steady value.

[exPrimer]

This is insanity. Boats lose value faster than anything, this person is ridiculously misinformed.

[rokolczuk]

What a load of bullshit.. not only they depreciate in value but it cost 10-15% of yacht value to maintain it annually. And yes they can be seized too

[esomethingoranother]

I've always heard that maintenance, insurance and docking boats/yachts is more expensive than the boat itself.

[TinkersKustomPaintball]

As Daniel Tosh said that one time, "Maritime Law!"

[isuckatguitar]

He just said, the value isn't going to go down suddenly like stocks, then straight away says u
they can sell a $800K boat for $400K . That seems worse than stock volatility! 😂😂😂

[coldogno]

boat can be seizes too depending where u docked it

[ERROR.]

By that logic you could also just store any other asset in dubai that actually retains value and has much more attainable liquidity

[hadrienbouquet]

What about offshore accounts in specific jurisdictions.
Prob better to be under the radar than a big boat.
Plus if it depreciates 50%, I prefer being cash, even with current inflation. Not even taking into account yacht maintenance costs of 3-5% pa…

[MrJol]

How long does the boat retain value . 10-20 years ? Or how does that work. Do they constantly have to sell and re buy boats.

[therealmishkin]

Great tips, can’t wait to diversify my portfolio with these! 😂😂😂

[virginiabotha]

Can't even show his face, who wants to live like that?

[CedricSmith-unvm]

Will people pay 400 million in cash in suitcases or will it need to be a bank transaction to a account that can be frozen?

[janedoe]

This is rather clever, If you have enough for upkeep & fees or whatever.. if I ever when the lotto, I'll buy a yacht ig

[joerussell-imym]

how come russian rich guys are oligarchs and US ONES are just billionaires?

[thedoctormma]

The more introverted I become the more i want to live on a yatch

[albertoferro]

Yes I also have a one I didn't know where to store it thank you for sharing