My Megayacht is Bigger than Yours

My Yacht Is Bigger than Yours

In the world of megayachts, size really does matter. Kate Norton from Businessweek outlines the growing popularity of megayachts.

While a decade ago, an 80 foot yacht might have raised a few eyebrows, nowadays, more than 6,000 megayachts sail the seas. It's not just about the megayachts, it's also about the toys onboard. Some of this high price megayacht accessories include swimming pools, helipads, and even submarines.

Besides paying the initial costs of purchasing a megayacht, owners also have annual running costs, which average at least 10 percent of the purchase price and port costs. Depending on the size of the megayacht, owners may have to pay commercial prices to dock. Regardless of the cost, many megayacht owners would agree, it's worth it.