Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, is known for his extravagant lifestyle and ambitious projects. One of his latest ventures is a luxury yacht, which he reportedly purchased in 2021. While the exact cost of the yacht has not been disclosed, there are several factors that can help us estimate its price.
The yacht in question is the Project Azzam, which was built by the German shipyard Lürssen Yachts. This shipyard is known for producing some of the world’s largest and most luxurious yachts, including the 180-meter Azzam, which is currently the world’s largest private yacht. The Project Azzam is said to be a smaller version of this yacht, measuring around 75 meters in length.
According to reports, the Project Azzam was originally built for a Middle Eastern billionaire, who later put it up for sale. Elon Musk reportedly purchased the yacht for around $30 million, although this figure has not been confirmed by Musk or his representatives.
However, the cost of the yacht is likely to be much higher than this initial purchase price. This is because owning a yacht comes with a range of ongoing expenses, including maintenance, crew, and fuel costs. According to industry experts, the annual cost of owning a yacht of this size can range from $5 million to $10 million or more, depending on the level of luxury and customization.
In addition to the ongoing costs, there are also the initial construction and customization expenses to consider. Lürssen Yachts is known for producing highly customized yachts, with a wide range of features and amenities. These can include everything from swimming pools and helipads to cinemas and spas. The cost of these features can add up quickly, with some estimates suggesting that the total cost of the Project Azzam could be in the range of $200 million or more.
While the exact cost of Elon Musk’s yacht remains unknown, it is clear that owning a luxury yacht is a significant investment. However, for those with the means to do so, a yacht can provide a level of luxury and freedom that is difficult to replicate on land. Whether it’s cruising the open seas or exploring secluded coves and beaches, a yacht offers a unique and unforgettable experience that is sure to leave a lasting impression.
