3 ms·
Eventually, yeah, I’d think so. I’m not nesting-doll-yacht rich but as I understand it: 1) You don’t buy something for $100+ million out-of-pocket. It’s easy t
by taneq 5y ago
Eventually, yeah, I’d think so. I’m not nesting-doll-yacht rich but as I understand it:
1) You don’t buy something for $100+ million out-of-pocket. It’s easy to borrow money when you have money. The purchase would be financed at very close to market interest rates, and the repayments factored into the running costs.
2) The vessel would then be run as a business and chartered out for conventions, luxury cruises etc. Any profits would go to the owner.
3) The owner would then use the vessel as needed, maybe even paying like any other customer (albeit out of the profits generated by the boat itself, I’d imagine.)
4) Any remaining profits could be used to pay off capital, but probably aren’t. Instead, they’d be used to fund new ventures.