Inside The Superyachts Of America’s Richest People
Forbes Daily Briefing
Forbes
4.6 • 12 Ratings
🗓️ 11 October 2024
⏱️ 5 minutes
🧾️ Download transcript
Summary
For the first time ever, Forbes dug into how many superyachts are owned by America’s 400 richest people and how much they’re truly worth. Turns out it’s a bigger share of all superyachts around the world, even though they are not necessarily the most valuable.
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Transcript
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| 0:00.0 | Here's your Forbes Daily Briefing for Friday, October 11th. |
| 0:05.0 | Today on Forbes, Inside the Super Yats of America's Richest People. |
| 0:11.0 | Sometimes the trappings of a multi-billion dollar fortune get old. |
| 0:15.0 | Forbes 400 member Shaheed Khan of auto-part supplier firm Flexin Gate |
| 0:20.0 | decided in 2020 that his super yacht, called Kismet, needed an update. |
| 0:26.2 | So he splurged nearly $390 million on building a new 400 foot super yacht, also named |
| 0:31.9 | Kismet, which was delivered in April. |
| 0:35.0 | The new floating pad features fireplaces, floor to ceiling glass windows, |
| 0:40.0 | and a bow shaped like a Jaguar, presumably a nod to Kahn's Jacksonville NFL team. |
| 0:46.2 | Plus it has all the usual yacht trimmings from a helipad to a mosaic-line swimming pool. But first, Kahn had to make room. |
| 0:55.0 | Last September he sold his previous yacht, again also named Kismet, for $159 million to |
| 1:01.0 | Eric Schmidt, the former Google CEO. |
| 1:04.4 | Schmidt had been in the market for a new boat |
| 1:06.6 | after his planned $67 million purchase of the 269 foot |
| 1:11.1 | Alpha Nero fell through, |
| 1:13.0 | reportedly due to concerns that the yacht's alleged owner, |
| 1:16.0 | a sanctioned Russian oligarch, |
| 1:18.0 | would sue to regain control. |
| 1:20.0 | The yacht, which had been frozen by U.S. authorities in 2022 and was sitting idle in the |
| 1:26.1 | island nation of Antiga and Barbuda, eventually sold in July for $40 million to an unnamed |
| 1:31.8 | buyer. |
| 1:34.0 | Khan and Schmidt aren't the only American billionaires with a passion for yachts. |
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