By Corina Pons and Joan Faus
November 9, 2021 https://www.smh.com.au/world/europe...-as-rich-seek-zen-at-sea-20211109-p597hh.html
Madrid: When Chinese billionaire Jack Ma took a trip to Spain’s Mallorca island last month, much was made of it being his first foreign foray since a 2020 fallout with regulators had clipped his wings.
However, Ma’s sunny sojourn on his newly built 88-metre cruise boat Zen - estimated to be worth $US200 million ($270 million) also put a spotlight on a global trend: the return of the superyacht.
As the number of billionaires grows and COVID-19 added incentives for avoiding crowds, the multibillion-dollar global luxury boat industry is rebounding fast after near-paralysis at the onset of the pandemic.
The superyacht “Kismet”, currently owned by Pakistani-American billionaire Shahid Khan, moored near Tower Bridge, London, in October.Credit:Getty Images
“2021 is significantly outperforming any of the last 12 years,”.......
https://www.smh.com.au/world/europe...-as-rich-seek-zen-at-sea-20211109-p597hh.html
November 9, 2021 https://www.smh.com.au/world/europe...-as-rich-seek-zen-at-sea-20211109-p597hh.html
Madrid: When Chinese billionaire Jack Ma took a trip to Spain’s Mallorca island last month, much was made of it being his first foreign foray since a 2020 fallout with regulators had clipped his wings.
However, Ma’s sunny sojourn on his newly built 88-metre cruise boat Zen - estimated to be worth $US200 million ($270 million) also put a spotlight on a global trend: the return of the superyacht.
As the number of billionaires grows and COVID-19 added incentives for avoiding crowds, the multibillion-dollar global luxury boat industry is rebounding fast after near-paralysis at the onset of the pandemic.
The superyacht “Kismet”, currently owned by Pakistani-American billionaire Shahid Khan, moored near Tower Bridge, London, in October.Credit:Getty Images
“2021 is significantly outperforming any of the last 12 years,”.......
https://www.smh.com.au/world/europe...-as-rich-seek-zen-at-sea-20211109-p597hh.html
