The incredible cost of owning a superyacht is beyond even most major lottery jackpot winners
/The $323 million Superyacht "A" moored in my harbor, Wellington. I took this picture from a circling speedboat as no visitors are allowed on board.
There's a famous quote by the late billionaire Felix Dennis: "If it floats or flies - rent it!"
He was wise to the enormous costs of owning jets - or superyachts - which can cost as much as 10% of the purchase price annually.
This means these pricey yachts are generally owned by Ultra High Net Worth Individuals, defined by most banks as having investable assets of at least $30 million.
Even so, very few lottery winners could afford to buy and keep these money-suckers, and you’ll see how this infographic outlines exactly why:
![](https://static1.squarespace.com/static/5a592834692ebee780d0eea9/t/5a594d3874b76c08ed09f3d6/1422851562497/1000w/superyacht-costs.jpg)
INFOGRAPHIC: Towergate Insurance