Drama unfolds over seized Russian billionaire yacht

Written by Henrik Rothen

Sep.28 - 2023 10:12 AM CET

Photo: Wikipedia Commons
Photo: Wikipedia Commons
Drama unfolds over seized Russian billionaire yacht.

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Since Russia's invasion of Ukraine, authorities worldwide have been seizing assets belonging to Russian oligarchs, including luxury yachts worth millions or even billions. One such yacht is the 'Alfa Nero,' one of the world's largest privately-owned yachts, which has been impounded by the authorities in the Caribbean state of Antigua and Barbuda.

The yacht has been anchored for over a year, and the local government has decided it's time to part ways with it, according to The Wall Street Journal. The cost of maintaining the yacht in a seaworthy condition is a staggering $30,000 per week. This financial burden ultimately falls on the taxpayers of the small island nation, which has a population of just 93,000.

The expenses include salaries for the yacht's captain and six crew members, who must keep the vessel ready to sail at a day's notice. Just the diesel fuel to keep the yacht's air conditioning running $2.800.

If the system is turned off, the yacht could develop mold and mildew within days.

The country has tried to sell the yacht multiple times. Among the bidders was former Google CEO Eric Schmidt, who reportedly offered $67 million for the vessel. However, selling a seized asset is a complex legal matter.

The 270-foot yacht reportedly belongs to Russian oligarch Andrey Grigoryevich Guryev, who fell out of favor due to his close ties with Russian President Vladimir Putin. If you happen to have a large sum of money to spare, the yacht comes fully equipped with a dance floor, beauty salon, spa, gym, a large swimming pool, and much more.

Another of Putin's favored oligarchs has had the world's largest superyacht confiscated.