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Who Owns Which Superyacht? (A Complete Guide)

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Have you ever wondered who owns the most luxurious, extravagant, and expensive superyachts? Or how much these lavish vessels are worth? In this complete guide, we’ll explore who owns these magnificent vessels, what amenities they hold, and the cost of these incredible yachts.

We’ll also take a look at some of the most expensive superyachts in the world and the notable people behind them.

Get ready to explore the world of superyachts and the people who own them!

Table of Contents

Short Answer

The ownership of superyachts is generally private, so the exact answer to who owns which superyacht is not always publicly available.

However, there are some notable superyacht owners that are known.

For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world.

Other notable owners include Russian billionaire Roman Abramovich and Microsoft co-founder Paul Allen.

Overview of Superyachts

The term superyacht refers to a large, expensive recreational boat that is typically owned by the worlds wealthy elite.

These vessels are designed for luxury cruising and typically range in size from 24 meters to over 150 meters, with some even larger.

Superyachts usually feature extensive amenities and creature comforts, such as swimming pools, outdoor bars, movie theaters, helipads, and spas.

Superyachts can range in price from $30 million to an astonishingly high $400 million.

Like most luxury items, the ownership of a superyacht is a status symbol for those who can afford it.

The list of superyacht owners reads like a whos who of billionaires, with names like Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

While some superyacht owners prefer to keep their vessels out of the public eye, others have made headlines with their extravagant amenities.

Some of the most famous superyachts feature swimming pools, private beaches, helicopter pads, on-board cinemas, and luxurious spas.

In conclusion, owning a superyacht is an exclusive status symbol for the world’s wealthy elite.

These vessels come with hefty price tags that can range from $30 million to over $400 million, and feature some of the most luxurious amenities imaginable.

Notable owners include the Emir of Qatar, Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Who are the Owners of Superyachts?

privacy superyacht owner

From Hollywood celebrities to tech billionaires, superyacht owners come from all walks of life.

Many of the most well-known owners are billionaires, including Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Other notable owners include Hollywood stars such as Leonardo DiCaprio and Johnny Depp.

However, not all superyacht owners are wealthy.

Many are everyday people who have worked hard and saved up to purchase their dream vessel.

Other notable billionaire owners include Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and former US President Donald Trump.

These luxurious vessels come with hefty price tags that can range from $30 million to over $400 million.

For many superyacht owners, their vessels serve as a status symbol of wealth and luxury.

Some owners prefer to keep their yachts out of the public eye, while others have made headlines with their extensive amenities – from swimming pools and helicopter pads to on-board cinemas and spas.

Many of these yachts are designed to the owner’s exact specifications, ensuring that each one is totally unique and reflects the owner’s individual tastes and personality.

Owning a superyacht is an exclusive club, reserved for those with the means and the desire to experience the ultimate in luxury.

Whether they are billionaires or everyday people, superyacht owners are all united in their love of the sea and their appreciation for the finer things in life.

The Most Expensive Superyacht in the World

When it comes to superyachts, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, certainly knows how to make a statement.

His luxury vessel, the 463-foot Al Mirqab, holds the title of the world’s most expensive superyacht.

Built in 2008 by German shipbuilder Peters Werft, this impressive yacht is complete with 10 luxurious cabins, a conference room, cinema, and all the amenities one would expect from a vessel of this magnitude.

In addition, the Al Mirqab features a helipad, swimming pool, and even an outdoor Jacuzzi.

With a price tag of over $400 million, the Al Mirqab is one of the most expensive yachts in the world.

In addition to the Emir of Qatar, there are several other notable owners of superyachts.

Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos all own luxurious vessels.

Bezos yacht, the aptly named The Flying Fox, is one of the longest superyachts in the world at a staggering 414 feet in length.

The Flying Fox also comes with a host of amenities, such as a helipad, swimming pool, spa, and multiple outdoor entertaining areas.

Bezos also reportedly spent over $400 million on the vessel.

Other notable owners of superyachts include Saudi Prince Alwaleed bin Talal, who owns the $200 million Kingdom 5KR, and Oracle founder Larry Ellison, who owns the $200 million Rising Sun.

There are also many lesser-known owners, such as hedge-fund manager Ken Griffin, who owns the $150 million Aviva, and investor Sir Philip Green, who owns the $100 million Lionheart.

No matter who owns them, superyachts are sure to turn heads.

With their impressive size, luxurious amenities, and hefty price tags, these vessels have become a symbol of wealth and prestige.

Whether its the Emir of Qatar or a lesser-known owner, the worlds superyacht owners are sure to make a statement.

Notable Superyacht Owners

privacy superyacht owner

When it comes to the wealthiest and most luxurious owners of superyachts, the list reads like a whos who of the worlds billionaires.

At the top of the list is the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who holds the distinction of owning the most expensive superyacht in the world.

Aside from the Emir, other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

All of these owners have made headlines with their extravagant vessels, which are typically priced between $30 million and $400 million.

The amenities that come with these vessels vary greatly from owner to owner, but they almost always include luxurious swimming pools, helicopter pads, on-board cinemas, and spas.

Some owners opt for more extravagant features, such as submarines, personal submarines, and even their own personal submarines! Other owners prefer to keep their vessels out of the public eye, but for those who prefer a more showy approach, they can certainly make a statement with a superyacht.

No matter who owns the vessel, it’s no surprise that these superyachts are a status symbol among the world’s wealthiest.

Whether you’re trying to impress your peers or just looking to enjoy a luxurious outing, owning a superyacht is the ultimate way to show off your wealth.

What Amenities are Included on Superyachts?

Owning a superyacht is a sign of wealth and prestige, and many of the worlds most prominent billionaires have their own vessels.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, while other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The cost of a superyacht can range from $30 million to over $400 million, but the price tag doesnt quite capture the sheer extravagance and amenities of these vessels.

Superyachts come with all the comforts of home, and then some.

Many owners will equip their vessels with swimming pools, helicopter pads, on-board cinemas, spas, and other luxury amenities.

The interior of a superyacht can be custom-designed to the owners specifications.

Some owners opt for modern, sleek designs, while others prefer a more traditional look.

Many of the most luxurious yachts feature marble floors, walk-in closets, and custom-made furniture.

Some vessels even come with a full-service gym, complete with exercise equipment and trained professionals.

Other amenities may include a library, casino, media room, and private bar.

When it comes to outdoor amenities, superyachts have some of the most impressive features in the world.

Many yachts come with outdoor entertainment areas, complete with full kitchens, dining rooms, and lounge areas.

Some owners even opt for hot tubs or jacuzzis for relaxing afternoons in the sun.

And, of course, there are the jet skis, water slides, and other exciting water activities that come with many of these vessels.

No matter what amenities a superyacht has, it is sure to be an experience like no other.

From the sleek interiors to the luxurious outdoor features, these vessels provide a unique, luxurious experience that is unrivaled on land.

Whether you’re looking for a relaxing escape or an exciting adventure, a superyacht is sure to provide.

How Much Do Superyachts Cost?

privacy superyacht owner

When it comes to superyachts, the sky is the limit when it comes to cost.

These luxury vessels come with hefty price tags that can range from anywhere between $30 million to over $400 million.

So, if youre in the market for a superyacht, youre looking at an investment that could easily break the bank.

The cost of a superyacht is driven by a variety of factors, including size, amenities, and customization.

Generally, the larger the yacht, the more expensive it will be.

Superyachts typically range in size from 100 feet to over 200 feet, and they can be as wide as 40 feet.

The bigger the yacht, the more luxurious features and amenities it will have.

Amenities also play a significant role in the cost of a superyacht.

While some owners prefer to keep their yachts out of the public eye, others have made headlines with their extensive amenities.

From swimming pools and helicopter pads to on-board cinemas and spas, the sky is the limit when it comes to customizing a superyacht.

The more amenities a superyacht has, the more expensive it will be.

Finally, customization is another major factor that will drive up the cost of a superyacht.

Many luxury vessels have custom-designed interiors that are tailored to the owners tastes.

From custom furniture and artwork to lighting and audio systems, the cost of a superyacht can quickly escalate depending on the level of customization.

In short, the cost of a superyacht can vary widely depending on its size, amenities, and customization.

While some may be able to get away with spending a few million dollars, others may end up spending hundreds of millions of dollars on their dream yacht.

No matter what your budget is, its important to do your research and find out exactly what youre getting for your money before signing on the dotted line.

Keeping Superyachts Out of the Public Eye

When it comes to owning a superyacht, some owners prefer to keep their vessels out of the public eye.

Understandably, these individuals are concerned with privacy and discretion, and therefore tend to take measures to ensure their yachts are not visible to outsiders.

For instance, some superyacht owners opt to keep their vessels in private marinas, away from the public areas of larger ports.

Additionally, some yacht owners may choose to hire security guards to patrol and protect their vessels while they are moored or sailing.

In addition to physical security, some superyacht owners also use technology to keep their vessels out of the public eye.

For example, a yacht owner may choose to install a satellite-based communications system that allows them to keep their vessel completely off-radar.

This system works by bouncing signals off satellites rather than transmitting them, making it virtually impossible for anyone to track the yachts movements.

Finally, some superyacht owners also choose to limit the number of people who have access to their vessels.

For instance, the owner may only allow family members and close friends to board the yacht.

Additionally, the owner may choose to employ a limited number of staff to help maintain the vessel and keep it running smoothly.

These individuals may be required to sign non-disclosure agreements to ensure they do not disclose any information about the yacht or its owner.

Overall, while some superyacht owners may choose to keep their vessels out of the public eye, there are still plenty of other ways to show off the opulence associated with owning a superyacht.

From swimming pools and helicopter pads to on-board cinemas and spas, there are many luxurious amenities that can make a superyacht the envy of any jet setter.

Final Thoughts

Superyachts are a symbol of luxury and status, and the list of yacht owners reads like a who’s who of billionaires.

From the Emir of Qatar’s world-record breaking $400 million yacht to Microsoft co-founder Paul Allen’s vessel with a helicopter pad and on-board spa, the amenities of these luxury vessels are truly stunning.

With prices ranging from $30 million to over $400 million, owning a superyacht is an expensive endeavor.

Whether you’re looking to purchase one or just curious to learn more about the owners and their amenities, this guide will provide you with all the information you need to stay up to date with the superyacht scene.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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MIGALOO M5 - 165 M Private Submersible Superyacht

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Length overall: 165.8 m Beam: 23.0 m Draft: 8.6 m Range: approx. 15.000 km Submerged duration: approx. 4 weeks Depth: approx. 250 m

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Migaloo M5 Private submersible fortress - the future of protection

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MIGALOO Private Submersible Superyachts cooperates with SAFE , offering ultimate and uncompromising protection for the Owners peace of mind.

Beyond Military grade protection for the Owner, the guests and any valuables onboard.

SAFE provides customized security systems using advanced technology for early threat detection, swift client isolation and thorough mitigation.

With 50 years of success, SAFE has safeguarded high-profile clients, governments, residences, and headquarters globally. Its expert team delivers tailored security solutions, staying ahead with the latest technologies to set industry standards and surpass client expectations.

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A submersible superyacht represents the pinnacle of personal expression. Offering unmatched privacy and security, it caters to those with a passion for exploration and seeking extraordinary experiences. MIGALOO stands as the future of yachting, redefining luxury and adventure for its owner and guests.

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Statement of Christian Gumpold, CEO and founder of MIGALOO:

" We believe that Submersible Superyachts are the future of yachting.

The needs of Superyacht Owners for their vessels are more complex than ever. These wishes do not just include performance, length or design. Owners are looking for privacy , security and protection for themselves, their guests and their valuables, or for the fulfillment of unique experiences up to scientific desires as well as for the greatest possible exclusivity and limitation ."

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Privacy Charter Yacht

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This Yacht is not for Charter*

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PRIVACY yacht NOT for charter*

47.24m  /  155' | christensen | 2004.

Owner & Guests

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Special Features:

  • Impressive 4,606nm range
  • ABS (American Bureau of Shipping) ✠A1, Yachting Service, AMS classification
  • Sleeps 10 overnight

The 47.24m/155' motor yacht 'Privacy' was built by Christensen in the United States at their Vancouver shipyard. Her interior is styled by design house Carol Williamson & Associates and she was completed in 2004. This luxury vessel's exterior design is the work of Christensen.

Guest Accommodation

She is also capable of carrying up to 9 crew onboard to ensure a relaxed luxury yacht experience.

Range & Performance

Privacy is built with a GRP hull and GRP superstructure. Privacy comfortably cruises at 16 knots, reaches a maximum speed of 18 knots with a range of up to 4,606 nautical miles from her 45,425 litre fuel tanks. Her water tanks store around 7,570 Litres of fresh water. She was built to ABS (American Bureau of Shipping) ✠A1, Yachting Service, AMS classification society rules.

Length 47.24m / 155'
Beam 9.02m / 29'7
Draft 2.29m / 7'6
Gross Tonnage 498 GT
Cruising Speed 16 Knots
Built
Builder Christensen
Model Custom
Exterior Designer Christensen
Interior Design Carol Williamson & Associates

*Charter Privacy Motor Yacht

Motor yacht Privacy is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Privacy Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Privacy Photos

Privacy Yacht

NOTE to U.S. Customs & Border Protection

Specification

M/Y Privacy

Length 47.24m / 155'
Builder
Exterior Designer Christensen
Interior Design Carol Williamson & Associates
Built | Refit 2004
Model Custom
Beam 9.02m / 29'7
Gross Tonnage 498 GT
Draft 2.29m / 7'6
Cruising Speed 16 Knots
Top Speed 18 Knots

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10 of the most impressive superyachts owned by billionaires

From a sailing yacht owned by a russian billionaire industrialist to the luxury launch of the patek philippe ceo, here are the best billionaire-owned boats on the water….

Words: Jonathan Wells

There’s something about billionaires and big boats . Whether they’re superyachts or megayachts, men with money love to splash out on these sizeable sea-going giants. And that all began in 1954 — with the big dreams of Greek shipping magnate Aristotle Onassis.

Onassis, keen to keep his luxury lifestyle afloat when at sea, bought Canadian anti-submarine frigate HMCS Stormont after World War II. He spent millions turning it into an opulent super yacht, named it after his daughter — and the Christina O kicked off a trend among tycoons. To this day, the world’s richest men remain locked in an arms race to build the biggest, fastest, most impressive superyacht of all. Here are 10 of our favourites…

Eclipse, owned by Roman Abramovich

privacy superyacht owner

Built by: Blohm+Voss of Hamburg, with interiors and exteriors designed by Terence Disdale. Launched in 2009, it cost $500 million (the equivalent of £623 million today).

Owned by: Russian businessman Roman Abramovich, the owner of private investment company Millhouse LLC and owner of Chelsea Football Club. His current net worth is $17.4 billion.

Key features: 162.5 metres in length / 9 decks / Top speed of 22 knots / Two swimming pools / Disco hall / Mini submarine / 2 helicopter pads / 24 guest cabins

Sailing Yacht A, owned by Andrey Melnichenko

privacy superyacht owner

Built by: Nobiskrug, a shipyard on the Eider River in Germany. The original idea came from Jacques Garcia, with interiors designed by Philippe Starck and a reported price tag of over $400 million.

Owned by: Russian billionaire industrialist Andrey Melnichenko, the main beneficiary of both the fertiliser producing EuroChem Group and the coal energy company SUEK. Though his current net worth is $18.7 billion, Sailing Yacht A was seized in Trieste on 12 March 2022 due to the EU’s sanctions on Russian businessmen.

Key features: 119 metres in length / 8 decks / Top speed of 21 knots / Freestanding carbon-fibre rotating masts / Underwater observation pod / 14 guests

Symphony, owned by Bernard Arnault

privacy superyacht owner

Built by: Feadship, the fabled shipyard headquartered in Haarlem in The Netherlands. With an exterior designed by Tim Heywood, it reportedly cost around $150 million to construct.

Owned by: French billionaire businessman and art collector Bernard Arnault. Chairman and chief executive of LVMH, the world’s largest luxury goods company, his current net worth is $145.8 billion.

Key features: 101.5 metres in length / 6 decks / Top speed of 22 knots / 6-metre glass-bottom swimming pool / Outdoor cinema / Sundeck Jacuzzi / 8 guest cabins

Faith, owned by Michael Latifi

privacy superyacht owner

Built by: Similarly to Symphony above, also Feadship. With exteriors designed by Beaulieu-based RWD, and interiors by Chahan Design, it cost a reported $200 million to construct in 2017.

Owned by: Until recently, Canadian billionaire and part-owner of the Aston Martin Formula 1 Team , Lawrence Stroll. Recently sold to Michael Latifi, father of F1 star Nicholas , a fellow Canadian businessman with a net worth of just under $2 billion.

Key features: 97 metres in length / 9 guest cabins / Glass-bottom swimming pool — with bar / Bell 429 helicopter

Amevi, owned by Lakshmi Mittal

privacy superyacht owner

Built by: The Oceanco shipyard, also in The Netherlands. With exterior design by Nuvolari & Lenard and interior design by Alberto Pinto, it launched in 2007 (and cost around $125 million to construct).

Owned by: Indian steel magnate Lakshmi Mittal, chairman and CEO of Arcelor Mittal, the world’s largest steelmaking company. He owns 20% of Queen Park Rangers, and has a net worth of $18 billion.

Key features: 80 metres in length / 6 decks / Top speed of 18.5 knots / On-deck Jacuzzi / Helipad / Swimming Pool / Tender Garage / 8 guest cabins

Odessa II, owned by Len Blavatnik

privacy superyacht owner

Built by: Nobiskrug, the same German shipyard that built Sailing Yacht A . Both interior and exterior were created by Focus Yacht Design, and the yacht was launched in 2013 with a cost of $80 million.

Owned by: British businessman Sir Leonard Blavatnik. Founder of Access Industries — a multinational industrial group with current holdings in Warner Music Group, Spotify and the Grand-Hôtel du Cap-Ferrat — he is worth $39.9 billion.

Key features: 74 metres in length / 6 guest cabins / Top speed of 18 knots / Intimate beach club / Baby grand piano / Private master cabhin terrace / Outdoor cinema

Nautilus, owned by Thierry Stern

privacy superyacht owner

Built by: Italian shipyard Perini Navi in 2014. With interiors by Rémi Tessier and exterior design by Philippe Briand, Nautilus was estimated to cost around $90 million to construct.

Owned by: Patek Philippe CEO Thierry Stern. Alongside his Gulstream G650 private jet, Nautilus — named for the famous sports watch — is his most costly mode of transport. His current net worth is $3 billion.

Key features: 73 metres in length / 7 guest cabins / Top speed of 16.5 knots / Dedicated wellness deck / 3.5 metre resistance pool / Underfloor heating / Jet Skis

Silver Angel, owned by Richard Caring

privacy superyacht owner

Built by: Luxury Italian boatbuilder Benetti. Launched in 2009, the yacht’s interior has been designed by Argent Design and her exterior styling is by Stefano Natucci.

Owned by: Richard Caring, British businessman and multi-millionaire (his wealth peaked at £1.05 billion, so he still makes the cut). Chairman of Caprice Holdings, he owns The Ivy restaurants.

Key features: 64.5 metres in length / Cruising speed of 15 knots / 7 guest cabins / Lalique decor / 5 decks / Oval Jacuzzi pool / Sun deck bar / Aft deck dining table

Lady Beatrice, owned by Frederick Barclay

privacy superyacht owner

Built by: Feadship and Royal Van Lent in 1993. Exteriors were created by De Voogt Naval Architects, with interiors by Bannenberg Designs. She cost the equivalent of £63 million to build.

Owned by: Sir David Barclay and his late brother Sir Frederick. The ‘Barclay Brothers’ had joint business pursuits including The Spectator , The Telegraph and delivery company Yodel. Current net worth: £7 billion.

Key features: 60 metres in length / 18 knots maximum speed / Monaco home port / Named for the brothers’ mother, Beatrice Cecelia Taylor / 8 guest cabins

Space, owned by Laurence Graff

privacy superyacht owner

Built by: Space was the first in Feadship’s F45 Vantage series , styled by Sinot Exclusive Yacht Design and launched in 2007. She cost a reported $25 million to construct.

Owned by: Laurence Graff, English jeweller and billionaire businessman. As the founder of Graff Diamonds, he has a global business presence and a current net worth of $6.26 billion.

Key features: 45 metres in length / Top speed of 16 knots / Al fresco dining area / Sun deck Jacuzzi / Breakfast bar / Swimming platform / Steam room

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SUPERYACHT LIFE

The human side of yacht ownership

How would you characterise the typical yacht owner? Whatever you may have been led to believe, the truth is simple: for most, it’s about using their yachts for precious family time, and for many it’s also about using their yachts for good.

There’s a theme that is repeated on countless yachts large and small the world over – superyachting, for most, is not about being seen but rather the opposite. It’s about yacht families and their friends enjoying precious, private moments away from the pressures of demanding business lives and the long hours running those businesses can entail.

“I have an extended family, and when our schedules allow we all like to gather on the yacht and spend some quality time as a family,” Douglas Barrowman , owner of the yacht Turquoise , told Superyacht Life back in 2017. “There is no place like a yacht for family togetherness.”

The human side of yacht ownership

Douglas Barrowman with family

A love of the sea, adventure and technology

Superyachts and yacht ownership are also a way to explore the world around us, and to interact with and grow to understand extraordinarily diverse communities from remote Pacific islands to the Scandinavian Arctic. It’s something that inspired tech entrepreneur Jasper Smith to combine his love of adventure and his love of the sea with an opportunity for owners to give back while indulging their passion.

“I have always had a deep passion for the ocean,” Smith says. “I grew up watching Jacques Cousteau movies and being enthralled at the idea of being challenged by an endeavour.” When he set out to find his own perfect explorer yacht, however, he realised it didn’t yet exist. His answer was to create Arksen. “My aim with Arksen was to create the perfect machines to enable adventure,” he enthuses. “I also wanted to build sustainable boats which considered full life cycles, from material sourcing to recycling.”

That’s not all – Arksen also asks owners of its yachts to sign up to a pledge it calls 10% for the Ocean, where they will donate 10% of their vessel’s time to philanthropic activities. “A lot of people who have the money feel a responsibility to try and make sure that the oceans are well looked after,” Smith explains. “The people that are attracted to Arksen are passionate about the ocean and want to go off on slightly more advanced expeditions and trips. With that audience, there is a tremendous buy-in to the boat being for more than just their own purposes.”

The human side of yacht ownership

Superyachts as a force for good

It speaks to the heart of the matter, which is that the superyacht industry and yacht owners in particular have a heart – they care about preserving the environment they enjoy, and they care about the communities they interact with who make them feel so welcome when they visit. It’s reflected in the smallest of gestures, such as donating materials and books to local schools, to the largest – helping with last-mile delivery of critical disaster relief. It’s about superyachts giving back.

It’s a positive-impact attitude toward humanity that is quietly typified by hundreds of superyacht owners, who often prefer to do their thing under the radar rather than take false glory for their philanthropic or humanitarian endeavours. For some it’s as straightforward as getting involved in projects with organisations like YachtAid Global . For others, their endeavours become a key reason for yachting.

American superyacht owner Carl Allen is a prime example of these philanthropic yacht owners. After selling his company, and having enjoyed chartering and owning yachts as a family for years, Allen set up Allen Explorations to deliver a full programme of projects, ranging from historical shipwreck searches and environmental research to disaster relief. Indeed, Allen’s support yacht Axis played a vital role in the aftermath of Hurricane Dorian – one of the most powerful storms ever to hit the Bahamas.

“We had to drop everything and help after the hurricane,” says Allen. “ Axis delivered over £700,000 of supplies and made multiple trips to Little Grand island in the Bahamas. We’ve turned it into the epitome of how to organise hurricane relief.” The team helped get the local school back up and running, and organised for a group from Florida Power and Light to help restore power. “The island also lost their water tower,” he adds, “so we delivered four tanks on  Axis .”

The human side of yacht ownership

Jasper Smith

Celebrating the good in the superyachting good life

From family time to time spent embracing the global family, superyacht owners have a far greater positive impact than many assume from preconceived ideas about what a superyacht is and the sort of person who owns or charters one. It’s one of the reasons The Superyacht Life Foundation, in association with the Monaco Yacht Show , has unveiled The Honours, which is a way to celebrate the people of our industry rather than the yachts which so often get sole focus. It’s about recognising the extraordinary contributions that people make, the change they inspire, the opportunities they create, and the lives they change.

On 26 September, the eve of the 2023 Monaco Yacht Show, three honourees – nominated by people from across the superyacht industry, and selected from a shortlist by an expert panel of industry judges – will be feted for their work and contribution to superyachting. These are industry professionals and yacht owners who epitomise what superyachting can do. These are people who highlight the good in the superyachting good life.

Yacht owners, impactful journeys

All around the globe, yacht owners are enjoying precious time on their yachts with family and friends, and many are also realising that their yachts can be a force for good and for change, tying in with their philanthropic works and humanitarian endeavours.

“Our yacht is a platform for much of our life,” offers Joe Anderson , co-owner of the Benovia Winery in California with his wife, Mary Dewane. “For instance, we used it at a fundraiser for cystic fibrosis in Baltimore at the 200th anniversary of the Star-Spangled Banner event. The Blue Angels were flying overhead and used Bella Una [the couple’s yacht] as a GPS coordinate and performed flybys, tipping their wings at us. It was quite a thrill. Having a yacht is a way to keep the family intact, enjoy time with friends and have fun.”

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Oceanco is accustomed to unique and challenging client requests, from unusual feats of design to remarkable security systems. Here, the custom superyacht builder shares some of the options available for onboard technology that could have come straight out of the pages of a spy novel.

Secret-service level security and top notch medical facilities onboard For custom-built superyachts, there are some owners who choose to opt for secret-service level security and privacy onboard, maybe because they enjoy cutting edge gadgetry or they wish to continue their regular lifestyle while at sea. From drone blocking force fields to motion-detecting smart floors, the kinds of futuristic technologies we are used to seeing in action films are not so far from the reality of today’s top-level security and privacy options for large custom superyachts. 

And with increasing autonomy and range on today’s vessels, many are heading off the beaten track and into remote waters where local medical back-up might be in shorter supply. In response, the grandest and most well-equipped superyachts can be kitted out with fully functioning hospitals, manned by dedicated medical staff, to provide reassurance. 

“When it comes to creating a fully bespoke superyacht, we are accustomed to the challenges of specialist requests such as these. James Bond had ‘Q’ to supply his outlandish gadgets; superyacht owners have ‘O’, aka Oceanco,” comments Paris Baloumis Oceanco’s Marketing Director

Although the company naturally maintains full confidentiality regarding any specific client’s requirements as well as their identities. “We bring in experts from inside and outside yachting to consult on high-security projects and adopt technologies from other sectors. What’s more, we take our own security at Oceanco very seriously to maintain privacy during the construction of our yachts; the shipyard is fitted out with high-security systems, too.” Marcel Onkenhout Oceanco’s CEO

Citadel rooms In the extremely rare case that an unwanted visitor boards their yacht, some owners like the reassurance of a secure location to go to. These places are known as ‘citadels’, and they were first put to use in commercial shipping before crossing over to yachting.

Citadels are kitted out with independent, overriding access to the yacht’s navigational and satellite communications systems, so even when you don’t have access to the bridge, you can maintain full control. The rooms themselves are fitted with reinforced doors and have ballistic protection on the surrounding walls. Inside, they are equipped with their own ventilation systems as well as water and food supplies to provide total self-sufficiency.

Emergency escape ‘life-pods’ for a rapid getaway And the next generation of citadels could be distinctly more mobile. Like crossing a lifeboat with a space ship, these emergency escape ‘Life-Pods’ provide a rapid getaway. The watertight pods are constructed from high-tech materials to resist impact and feature built-in GPS trackers, temperature and fire barrier controls, and air purification systems. 

Anti-drone systems In recent years, drones have been making headlines for their interference with commercial airports, and the military have been particularly keen to curb their capability to spy on top secret locations. As well as being a handy tool for the paparazzi to get up-close shots of a superyacht’s private enclaves and the guests within them, those involved in the murky waters of industrial espionage can thank drones for greatly increasing their capabilities, too.  But a new generation of devices to detect and defeat these drones is emerging to neutralize the occasional threats to privacy and security on yachts. One such defense system identifies any commercial drones in operation within a 20 kilometer radius, providing GPS positions of both the drone and the pilot as well as an indication of said drone’s heading and speed. 

A 500-meter electronic ‘exclusion zone’ around the yacht Once the drone threat has been confirmed, the system engages a 500-meter-plus electronic ‘exclusion zone’ around the yacht (not unlike the force fields we are used to seeing in sci-fi films) that blocks any unwanted airborne visitors. If the drone makes it to the perimeter of the exclusion zone, its controls and video feed are jammed, effectively rendering the pilot’s controls useless, and its ‘return to home’ function (which usually kicks in when the drone has a low battery) is triggered. 

Acoustic deterrents The Long-Range Acoustic Device, or LRAD for short, is an acoustic deterrent that was originally developed for military use. But as the threat of piracy to commercial shipping and yachting in certain areas such as the Gulf of Aden grew over recent decades, the device has been adopted to deter unwelcome visitors in non-military settings. 

A range of more than three kilometers The sonic device emits an uncomfortable, high-pitched noise that is above the tolerance of the average person, causing them to be driven away from whoever is controlling it. With a practical range of more than three kilometers, the device can be adjusted to broadcast voice commands in numerous languages on top of the deterrent tones, allowing you to provide warnings to potential interlopers (or even the odd suspicious fishing boat). 

Intruder diver detectors Think someone could sneak up on a superyacht by pulling on a wet suit and scuba gear? Think again, as some superyachts are choosing to install sonar systems that detect, track and identify divers or underwater vehicles approaching from any direction. 

Keeping sonar environmentally friendly Sonardyne’s Sentinel Intruder Detection Sonar is the world’s most widely deployed system of its kind, used by naval vessels, commercial harbors and luxury yachts alike. With a functional range of up to 900 meters for diver detection, it is man-portable, making it particularly quick to deploy, and it can even be placed on the yacht’s tenders to increase your scope of situational awareness. What’s more, the manufacturer has created the system to be environmentally friendly, so it won’t have an adverse effect on the local sea life.

Onboard hospitals Perhaps a yacht is expecting to travel to remote regions where on-the-ground medical support is less accessible. Or maybe the Owners are more mature and have specific conditions that mean they seek the reassurance of an onsite doctor or nurse. Either way, an onboard hospital is not an uncommon request for custom superyacht builders. 

Emergency facilities like a private hospital Kitted out like an emergency room of a private hospital, they are equipped with oxygen tanks, defibrillators, specialized medications and intravenous fluids, while a number of yachts offer rehabilitation machines for injuries, such as decompression chambers for those who are planning on some serious scuba diving expeditions. And should a patient require further medical attention, most of today’s large yachts have a helipad with the possibility of bringing in medic air services to the yacht, or heli-evacuating them away to a larger facility ashore. 

A doctor on-call Remember the scene in Casino Royale where James Bond hooks himself up to a remote medical diagnostic system and the doctors talk him through his medical emergency with all his vitals up on their screens? Well, that scene is less fictional than you might at first have thought.  With the right diagnostic kit placed onboard, crew or even medical professionals can link up to a remote medical support line such as MedAire from International SOS, allowing a team of doctors to see the patient’s condition in real time and provide advice on procedures or medication in order to stabilize the patient.  Before an emergency has even arisen, the telehealth consultants will often provide guidance on medical room design and ventilation, lighting and medical wash facilities, as well as what diagnostic equipment to place onboard. Who needs the flying doctors when you can beam them in to wherever you re in the world at a moment’s notice?

Superyacht security e privacy: nothing is mission impossible

Windows as tough as steel The ingenious engineers behind A60 windows have taken the notion of toughened safety glass to new heights. Made from hot extruded steel or stainless steel profiles, the compound glass windows provide protection against a fire for up to an hour and are available in a range of thicknesses while maintaining low optical distortion and good light transmittance. They can be thermally or chemically toughened, laminated, thermally isolated, and manufactured to be sound proof or bullet proof. The glass is mounted into a frame with a specialist U-profile system, ensuring it remains flexible and minimizes the risk of corrosion from the environment over time. When you have concerns about protecting what is behind a yacht’s windows, the A60 is the go-to solution. 

A cyber security net Just as any home or office will likely choose to protect itself from outsiders accessing private and personal data, any superyacht could be vulnerable to cyber threats. With the increasing preponderance of wirelessly controlled systems featured onboard, those yachts that do not provide themselves with an added layer of technological security can leave themselves open to hacking. Oceanco works with a select range of top-tier cyber security professionals to ensure that its yachts are built with the kind of network protections that will keep its owners and crew safe, through a combination of initial risk assessments during the development phase of a project and ongoing upgrades as the digital landscape evolves. 

Superyacht security e privacy: nothing is mission impossible

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He appears confused, frightened even, mouth slightly agape, droopy eyes, a well-groomed, innocent-looking student barely in his 20s.

Incongruously, the shot, now more than two decades old, is of a detainee, hauled in by Florida police in Miami after being arrested for possession of 31 grams of cocaine, just over an ounce in the old measurement, with a street value back then of about $US6,200.

Unbeknown to the hapless youth, a drugs task force had been tracking the package and pounced once Joshua Craig Wander opened it.

Incredibly, for a crime that ordinarily might have carried a 20-plus year jail sentence, Wander somehow managed to avoid prison and instead ended up with a 16-year probation sentence after pleading no contest in court.

Nor did it dent his career prospects. From that February 2004 bust, he went on to graduate from the University of Florida and forge a career in the world of finance.

Meet the mysterious man behind the collapsed cut-price airline Bonza, which was caught in the crossfire of what appears to be a dramatic falling out between Wander and his former mentor and backer, insurance and aircraft leasing mogul Kenneth King.

An aircraft in the sky with Bonza logo.

Barely in the skies for 15 months, administrators at accountancy firm Hall Chadwick are desperately casting around for potential new backers to keep the airline afloat.

But there appears to be little hope for the beleaguered start-up.

When three of Bonza's four aircraft were impounded after being repossessed last week — reportedly with passengers on board — the airline's Australian management supposedly were stunned.

But its financing travails had been widely reported and either Wander's 777 Partners or his former ally Kenneth King had already called in restructuring firm KordaMentha to advise on whether they should continue supporting the operation.

A repeat grounding

It's not the first time a 777 Partners-backed airline has had its planes repossessed.

An aircraft flies through the sky with Flair written on the side.

In March last year, just weeks after Bonza took to the skies, low-cost Canadian airline Flair – in which Wander's 777 Partners has a controlling interest – had four jets seized on the tarmac by bailiffs over unpaid leasing charges.

It was just one of a growing number of disputes in which 777 Partners has become embroiled, with court battles over late or non-payments stretching across its recently constructed empire.

Wander built the company – which claims to have a unique model of investing its own money rather than relying upon investors – with Steve Pasko, a colleague at a former financing group, at rapid speed.

According to its website, the strategy to bypass banks and investors was formulated "to overcome the inherent compromises they saw in the prevailing model".

Which begs the obvious question. Where did all the original money come from?

To which the pair have a simple explanation . They got lucky early, made a motza and that allowed them to rapidly expand.

Initially, the business was involved strictly in finance.

Formed in 2015, it was what's known as an "aggregator", scooping up annuities at a discount from individuals and organisations desperate for up-front cash. Its other main money spinner was in reinsurance, a high-risk business that insures the exposures of other insurers.

But it then expanded into a dizzying array of unusual, high-profile but ultimately loss-making ventures. And that's when the court disputes – at least at a corporate level – began.

Cracks in fuselage

The Bonza collapse may be big news here. But it is a mere blip in the unfolding drama across the globe as 777 Partners faces fire on almost all fronts.

During the past seven years, this mysterious, little-known operation has plunged hundreds of millions of dollars into businesses that lose money.

As confetti falls, Sevilla players smile and celebrate with the trophy. One player is wearing a Portuguese flag on his shoulders

That includes buying large stakes in some of the world's best-known European football teams, which alone appears enough to sink the 777 Partners operation. But more on that later.

Trouble began percolating through the organisation late last year when its once-lucrative reinsurance operation, 777Re, had its credit rating slashed to CCC from A, prompting the Bermuda Monetary Authority to assume administrative control of the operation as it investigated its finances.

That set off a chain reaction.

US financial authorities then questioned the viability of the operation, forcing Wander's once great mentor, King, to back away or risk being swept up in the mess.

And that appears to have been the catalyst that finally set the 777 Partners house on fire, with Bonza being swept up in the conflagration.

King's company, A-CAP, is a sprawling financial enterprise concentrated on leasing, insurance and aviation.

Not only was he using the 777 Partners reinsurance business to cover his own corporation's insurance policies – funnelling hundreds of millions of dollars in business its way – he was reportedly lending cash to the group and was involved in aircraft leasing joint ventures.

In a webinar to investors last month , shortly after 777Re had been downgraded, he explained why he was severing relations with the group.

"777Re has been disruptive to A-CAP in the sense that they went from an A-minus rating in November to a C-minus rating just the other day and that's unfortunate for a lot of reasons," he explained.

One reason, he said, was that 777 Partners "wasn't being managed in the way it needed to be, but secondly, it's created an emphasis for the ratings agencies to punish insurance companies that use unrated reinsurers.

"We're actively taking steps to correct that," he added.

One of those steps was to last month unwind a joint ownership arrangement with 777 Partners over 30 Boeing 737 Max aircraft, with an A-CAP offshoot, AIP, assuming full control.

Three of those planes were leased to Bonza until this week. King obviously formed the view that Bonza didn't earn enough cash to pay for his aircraft.

That's not surprising. Bonza's boss, former Virgin Blue executive Tim Jordan, claimed from the outset that he needed 10 aircraft to make the new operation viable. When he called in administrators this week, he had just four.

The large Boeing 737s are arguably the wrong fit for Bonza, flying second and third-tier routes, and appear to have been used as a means to soak up the US backer's fleet and provide it with income.

Jordan was facing other pressures too. Many of the routes Bonza was flying were lesser known, smaller airports, and local authorities, overjoyed at the prospect of attracting new arrivals, either waived or reduced airport fees.

A year in, and those honeymoon deals were ending, straining Bonza's finances.

Football fetish delivers a financial finale

There's only one thing that fascinates the public more than airlines, and that's sport.

In the past two years, 777 Partners has amassed sizeable stakes in a stable of high-profile soccer teams, bringing seven football clubs in seven countries into its orbit, for an estimated outlay of close to a billion dollars.

Starting with Spanish giant Sevilla, it then took control of the historic Genoa CFC, moved across the Atlantic to Brazil with the purchase of Vasco da Gama, then Belgium's Standard Liege, Red Star in Paris and Hertha BSC in Germany.

A man celebrates after scoring a goal

Its most recent expansion was Melbourne Victory with a $US6.1 million investment last year and promises of a further $US20 million by 2028. All up, analysts estimate it has spent around $US900 million on its foray into professional football.

But its latest bid for Everton Football Club in the English Premier League has thrust it into the spotlight. And it has attracted the prying eyes of a group of investigative journalists publishing a website and magazine called Josimar,  which has unearthed a swag of court cases across the 777 Partners empire , mostly for defaults on loans.

James Tarkowski holds his hand up towards a teammate during a match

The Everton purchase has been continuously delayed, with the New York Times reporting that the UK Financial Conduct Authority has not been provided with the documents it has demanded for the sale to proceed.

Everton has been in trouble with the football authorities under its current ownership, for posting losses that exceed the league's financial fair play rules.

Already docked points once this season , a penalty reduced from 10 points to six on appeal, it's at risk of relegation out of the top tier of English football, with the prospect of a further points deduction for more alleged financial fair play breaches in the most recent completed financial year.

In addition to football teams, 777 Partners has plunged into UK basketball, owning the UK Basketball League along with the UK Lions.

While many blanch at the amount of cash outlaid on the expansion, the biggest problem for 777 Partners is that none of the clubs are profitable. Each requires ongoing financial support just to stay afloat.

That has strained finances right across the group, accompanied by mounting legal disputes over unpaid debts, the most prominent of which is from Russian oligarch Oleg Boyko over missed instalments on an 8.5 million euro loan to help fund the initial purchase of the group's stake in Sevilla FC.

While Chadwick desperately casts the net for a saviour for Bonza, the growing alarm in the UK and North America over the long-delayed purchase of Everton FC – which is bleeding cash – has overshadowed the problems of a tiny, cut-price Australian airline start-up.

But its demise potentially creates further legal troubles for 777 Partners and the prospect of more unwanted financial disclosures.

Wander's run of luck may have hit the wall.

The ABC contacted 777 Partners to ask for comment about these issues as well as the collapse of Bonza, but had not received any response by publication.

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More From Forbes

Private schools are good for your health, study finds.

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Private school alumni have better health outcomes by middle age than peers who went to public, state ... [+] schools (Photo by Christopher Furlong/Getty Images)

Going to private school is good for your health, according to a U.K. study by researchers at University College London.

Private school alumni have better health across a number of measures in middle age, including blood pressure, memory and BMI, than their peers who went to public school.

The link was apparent even when researchers took household income into account, suggesting that private education makes a difference over and above the effect of family background.

And attending a highs-tatus university has a similar impact, according to the study, published in the Journal of Epidemiology and Community Health , published by the British Medical Journal.

Researchers suggest a number of possible reasons for the findings, including that private schools may promote healthier behavior, including more physical activity.

Students at top private schools have access to as much as 10 times more outdoor space as children who go to public, state schools, according to an investigation published this week by The Guardian newspaper.

Better health may also result if attending a private school or a high-status university means individuals are more likely to move into higher-paying jobs.

The results chime with previous U.S. studies that found that attending a school with a low student:teacher ratio or a high-status university is linked with better cognitive function in old age.

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Meet the billionaire owner behind the nba champion boston celtics, wwe raw results winners and grades as bray wyatt stable debuts.

And they will have particular resonance for the U.K. general election, with the opposition Labour Party pledging to remove tax exemptions for private schools.

“Our findings suggest that the type of education could potentially contribute to understanding links between education and health,” the researchers wrote in the journal article.

“If this association is causal, future policies aimed at reducing health inequalities could take education quality into account as well as attainment.”

Previous studies have established a link between education and health, with researchers even calculating that every year spent in education cuts the risk of premature death by two per cent.

But the latest study used data on more than 12,000 people born in 1970 to explore whether the type of education also had an impact.

Researchers grouped participants into those who had gone to a private, fee-paying school and those who went to a public, state school.

Those who had degrees were also put into two groups, depending on whether the university they attended was a member of the Russell Group — 24 research-intensive institutions including Oxford and Cambridge.

This was then plotted against health measures including BMI, pulse, blood pressure, memory, verbal fluency and executive function, taken between the ages of 46 and 48.

The results found that a private school education was associated with a better cardiometabolic health, and a higher-status university education with better cognitive function.

Those who went to private school had an average BMI of 26.9, for example, compared with 28.6 for state or public school alumni, and a pulse rate of 66.3 beats per minute compared with 68.4 for ex-public school students.

Researchers also looked at a range of potential influences, including health at age 10, parental education and household income, as well as factors such as how often the parent read to the child, how often the child went to museums and libraries, and whether the parent was interested in the child’s education, as assessed by the teacher.

Even when these factors had been taken into account, a private education and higher-status university were linked to better health.

“Higher- status institution attendance was associated with better subsequent health in mid- adulthood, using multiple objective health measures,” researchers wrote.

Possible reasons for the link are a greater emphasis on physical activity in private schools and better career opportunities for private school alumni, as well as for graduates of higher-status universities.

Researchers acknowledged, however, that some elements of socioeconomic background — such as how far parents pushed their children to do well at school — were hard to capture and may have an influence on health outcomes.

They said future research should focus on the relationship between the type of education and health, and on whether these findings also apply to other generations, particularly given the expansion in the number of young people going to university.

Nick Morrison

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One private-equity firm controls more than a dozen of the biggest restaurant chains

  • The restaurant chains Subway , Arby's, and Buffalo Wild Wings have a common owner.
  • Roark Capital Group has been buying up restaurant chains for nearly 25 years.
  • It's one example of how consumer brands have become consolidated under a handful of owners.

Insider Today

There's a good chance that just one private-equity firm owns one of your favorite restaurant chains.

Over the past quarter century, Roark Capital Group has bought up nearly 20 restaurant brands in the US. Its latest acquisition came last year when it acquired Subway, which operates more stores than any other restaurant chain in the US.

But Roark's holdings include other restaurants that you've probably visited before:

Other notable Roark restaurant holdings include the coffee chain Dunkin', Arby's, Jimmy John's, Buffalo Wild Wings, and the suburban-mall favorites Cinnabon and Auntie Anne's.

The private-equity firm also has investments in The Cheesecake Factory, which is publicly traded, and the Midwestern burger chain Culver's. And it owns the bakery chain Nothing Bundt Cakes and some franchises of Seattle's Best, that coffee chain you used to find at Borders bookstores.

Founded in 2001, the Atlanta-based Roark has $38 billion in assets under management, according to its website .

The firm "was named after Howard Roark, the protagonist in Ayn Rand's book The Fountainhead," the firm's website says. Rand's books have a following among libertarians and other advocates of deregulation and individual enterprise.

But the website adds: "As a firm of diverse viewpoints, it does not signify adherence to any particular political philosophy."

While Roark owns a lot of restaurant brands, it's hardly the only private-equity player in the industry.

Hooters was acquired by TriArtisan Capital Advisors and Nord Bay Capital in 2019, for instance. TriArtisan also owns TGI Fridays and P.F. Chang's, according to its website.

Restaurants aren't the only consumer brands that have become more consolidated under a handful of owners. A small group of multinational corporations, including Nestlé and Mars , own hundreds of food and personal-care brands.

Watch: How NYC's oldest chocolate house survived a century

privacy superyacht owner

  • Main content

Megabus owner, Coach USA, files for bankruptcy after COVID-19 blows

The company, which was purchased by private equity firm variant equity advisors for $270 million in 2019, said bus operations will continue as it undergoes a court-supervised sale of its assets..

Megabus passengers wait and board buses along Canal Street in Chicago.

Megabus passengers wait and board buses along Canal Street in Chicago.

Richard A. Chapman/Sun-Times files

Coach USA, the operator of Megabus and two dozen other companies, has filed for bankruptcy protection amid lagging ridership that hasn’t recovered since the COVID-19 pandemic.

la-voz-cover-photo-2.png

The company said bus operations will continue as it undergoes a court-supervised sale of its assets.

In court filings, Coach USA said its ridership plummeted 90% in 2020 during pandemic lockdowns. While ridership has bounced back somewhat, the company only saw 45% of pre-pandemic levels in 2023. Meanwhile, the company said it is facing increasing operating costs due to rising fuel, insurance, labor costs and inflation.

Megabus has operated bus lines in Chicago since its founding in 2006. The company paused operations in Chicago in 2020, during the pandemic, and resumed them in 2023.

Coach USA operates 25 different businesses and has about 2,700 full- and part-time employees, according to court documents. The company has entered into three separate sale agreements, but they are subject to better offers in the court-supervised sale process. Coach USA was purchased for $270 million in 2019 by private equity firm Variant Equity Advisors.

While airlines and other transit industries have nearly recovered their pre-pandemic levels of ridership, private bus companies are still lagging. Across the industry, bus ridership had only returned to 40% of pre-pandemic numbers by the end of 2022, according to the latest survey from the American Bus Association.

The private bus industry is also undergoing major consolidation, according to the survey. Greyhound, a fixture of low-budget travel in Chicago, was bought by FlixBus in 2021. Greyhound lost ownership of its West Loop station during a sale and will likely be evicted in October . It’s still unclear where buses will pick up and drop off riders after it loses its station.

  • CTA Green, Orange lines resume service 4 hours after track fire near Roosevelt Road

The Sky's Angel Reese listens to Marina Mabrey with Diamond DeShields during a game.

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