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Superyacht market soars to $4bn a year as billionaires seek refuge during the pandemic

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pandemic. Purchases of luxury vessels longer than 24m were up more than 122 per cent on the average for the last 12 years, according to brokers Fraser Yachts.

Jeff Bezos’s $206bn superyacht was spotted in Greece on Monday, Jennifer Lopez confirmed her rekindled romance with Ben Affleck with a photo of the pair kissing on a $130m vessel, and entertainment mogul David Geffen reassured his Instagram followers he was “staying safe” last March while isolating on his $590m luxury boat in the Grenadines.

The growing number of superyacht owners is thought to be driven in part by an increase in the ranks of the ultra-wealthy during the pandemic.

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