Carefree Tycoon

Supreme Sacred Ring, Carefree Tycoon!

In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...

Chapter 1020: Giant

Take the Al Said, which is currently under maintenance, for example. When the yacht was delivered, the cost of building the ship alone was as high as 300 million US dollars. It has been thirteen years since the delivery of this super yacht. During these thirteen years, the Sultan of Oman has invested no less than 30 million US dollars in this super yacht every year. Over the past thirteen years, the daily expenses of this super yacht have exceeded the cost of building it, reaching nearly 500 million US dollars!

Such expensive daily expenses are really not something that ordinary wealthy people can afford.

In fact, superyachts are a very small market, and their target customer group is actually the more than 2,000 ultra-high net worth individuals in the world. According to a new study conducted by UBS and Wealth-X, there are currently 211,275 high net worth individuals in the world with total assets of more than 30 million US dollars, and the total wealth controlled by this group is estimated to be just under 30 trillion US dollars. Among them, there are about 2,325 ultra-high net worth individuals with assets of more than 1 billion US dollars. Superyachts are aimed at these more than 2,000 ultra-high net worth individuals.

This thing is definitely a particularly expensive thing, and the recycling value is low. When a commercial ship is scrapped, the scrap can be sold and recycled. When a super yacht is scrapped, it may be worthless because there is not much steel in its hull, so the scrap value is negligible. In addition, the increase in ship age will also increase the already heavy operating costs of super yachts.

Therefore, wealthy people with a net worth of less than one billion US dollars simply cannot afford such a specially customized super yacht.

In the past, when the subsidiaries of Dragon Fund were submerged under the water, it was estimated that neither UBS nor Wealth-X could count the ultra-high net worth individuals under Dragon Fund. Now, as the subsidiaries of Dragon Fund begin to surface, the number of ultra-high net worth individuals in the world with assets exceeding US$1 billion will surely increase by dozens!

As the head of the Dragon Fund, Yang Jing couldn't afford to be shabby when he wanted to customize a super yacht. Although super yachts are expensive, and the daily expenses are even more daunting, for Yang Jing, this amount of money is nothing. Apart from anything else, the annual dividends from the Dragon Fund alone are enough to buy hundreds of super yachts worth $500 million.

Of course Michael knew his boss's wealth, so he customized a super awesome super yacht for his boss.

Schultz pointed to the dry dock and said, "Mr. Yang, Mrs. Yang, the super yacht that Mr. Burko ordered for you is currently having its keel laid in that dry dock. The size of the super yacht that Mr. Burko ordered is so large that even our largest dry dock cannot handle the construction task. So, in order to build this super yacht for you, we at Leshun have spent more than a month to renovate our dry dock."

Gege asked curiously, "Mr. Schultz, how big a yacht did Michael order for us? Is it possible that this dry dock cannot build it?"

Schultz smiled bitterly and said, "The order given by Mr. Michael is for a 695-foot-long behemoth, which is more than 100 feet longer than the Azzam, the world's largest superyacht. The Azzam was built in this dry dock, but the length of this dry dock is only 623 feet, which is about 190 meters. It is simply not enough to build this superyacht for you two, so after we accepted this order, we can only expand the dock first."

Gege and Yang Jing were also a little confused when they heard this data. What does 695 feet mean? It is almost equivalent to 212 meters. This size is more than 30 meters longer than the world's largest super yacht Azzam! This is simply not a super yacht of the same order of magnitude.

After understanding the meaning of this number, Yang Jing smiled bitterly and said, "Michael really gave me a surprise. Schultz, this 212-meter length is probably almost as long as those battleships in World War II that weighed 30,000 to 40,000 tons!"

Schultz also smiled bitterly and nodded, saying: "That's right, although the length of 212 meters cannot be compared with the Yamato-class battleships, Iowa-class battleships, and Bismarck-class battleships, it is comparable to the British Nelson-class battleships. The standard displacement of Nelson and battleships is tons, the full load displacement is tons, the total length is 216.5 meters, the waterline length is 212 meters, and the width is 32 meters. Your super yacht is similar in length and width to the Nelson-class battleship. Although the displacement is far less than that of the battleship, the speed of your ship is far beyond the reach of the Nelson and battleship..."

Yang Jing laughed and said, "Schultz, how come I didn't realize that you are also a very humorous person. This is a super yacht. There can't be much steel in the whole ship, right? But what is a battleship? It's nothing but steel. How can the displacement of my ship be compared with that of a battleship?"

Schultz also laughed, stroking his half-bald head.

As they chatted and laughed, the group walked into the dry dock. Just as Schultz had just said, the huge dry dock was bustling with activity. Hundreds of workers were busy at work, there were flashes of welding everywhere, and the entire dock was filled with all kinds of noise.

Yang Jing was a little disappointed to see that only a small part of the keel had been laid. But there was really nothing he could do about it. The construction period of a superyacht was very long, three to four years was common, and even longer.

This chapter is not finished yet, please click on the next page to continue reading the exciting content!