Little Miss Drama

Revealed: Most expensive luxury acquisitions of all time

on December 23, 2013

We look back at some of the most expensive billionaire luxury asset acquisitions of all time. The world’s billionaires have spared no expense in indulging their appetite for luxury assets such as private islands or top of-the-line superyachts.

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Oracle boss Larry Ellison’s $500m acquisition of Lanai Island in Hawaii in 2012 comes in top place, beating other billionaires such as Google CEO Larry Page and Microsoft co-founder Paul Allen.

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The yacht ‘Eclipse’ was delivered to Russian businessman Roman Abramovich on 9 December 2010. It was purchased for a reported $485m, a mere 4 percent of his $12.4bn net worth.

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Russian vodka tycoon Yury Shefler comes in third on the list with his luxury yacht ‘Serene’, an asset that – with a price tag of $330m – represents over 20 percent of his net worth of $1.6bn.

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Russian billionaire Andrey Melnichenko has an estimated personal wealth of $14.4bn. His acquisition of a superyacht called ‘A’ in 2012 for $323m puts him at number four on the list.

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David Geffen bought superyacht ‘Pelorus’ for the whopping sum of $300m. The American record executive, film producer, theatrical producer and philanthropist is one of the richest people in the entertainment industry with an estimated net worth of $6.6bn.

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Having built his fortune in the automobile business in this region, Abdullah Al Futtaim’s current estimated net worth is $4.9bn. His acquisition of superyacht ‘Radiant’ for $286m puts him at number six on the list.

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Dmitry Rybolovlev bought his home in Monaco for a reported $286m, which is merely 2.5 percent of his net worth of $11.3bn.

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According to March 2013 Forbes website data, the oligarch Alisher Usmanov is Russia’s richest man, with a fortune estimated at $17.6bn billion. The value of his yacht ‘Dilbar’ is at $263m.

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