> A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew.
It's not hard to figure out how to hemorrhage cash. There was a movie about this - Brewster's Millions.
That's a great quote. The $4.75 million given is an order of magnitude lower than the $37 million per year that Kotick would need to spend. Surely he doesn't have eight 180-foot mega yachts.
> Instead of whining for hand holding, perhaps take 45 seconds and research why buying a boat is a huge money sink?
I have researched way more than 45 seconds. In fact I've invested in a company that buys large ships for the purpose of making money off of them. So you see, your obvious statement that buying a boat leads to loss of money goes counter to my experience.
> Regardless my post was half humor and half truth and you asking for a break down is baffling to me.
I figured it might just be bar talk, without a strong basis. Given that I don't have direct experience with plenty of boat types myself, I thought I'd open a door for some explanation.
> In fact I've invested in a company that buys large ships for the purpose of making money off of them.
Is that why you are so sore? Why didn't you just say so?
It doesn't take a lot of brain power to understand that most wealthy people don't buy yachts to make money, but to show it off. So your entire "don't you dare say that boats are money sinks because I invested in a boat company" is pretty tone deaf.
