Monaco is nothing if not a playground for displaying wealth. And nothing exemplifies this better than the annual Monaco Yacht Show, the largest such show in the world.
Every year the world’s wealthiest spenders flock to Port Hercules in Monte Carlo, where the most extravagant fleets are shown. How do they get here? In private jets, of course. NetJets — a leading private jet company backed by Warren Buffet — had 97 flights chartered into the area for this year’s show, which proves that the nature of the event and the lifestyle of its passengers go hand-in-hand. Riza Tansu, the owner of Tansu Yachts, a Turkish superyacht design firm, finds private jets essential to his business and lifestyle. “In summer time, I have boats all over the Mediterranean and I use NetJets to fly between my yachts and visit clients,” he said.
When the first edition of the Monaco Yacht Show was held in 1991, there were only 1,147 yachts larger than 30 meters in the world. Over the past 25 years, the super yacht market has grown dramatically. The U.S., U.K, and Germany are still leading the market but, not surprisingly, there’s an increasing number of Russian buyers. This year’s Monaco Yacht Show saw a record-breaking 46 new super yachts and 125 luxury yachts on display.
One of the highlights of this year’s event was the massive 70-meter Galactica Super Nova, built in the Dutch Heesen shipyard. It comes with a 6-meter swimming pool, waterfall and a ‘beach club.’ It also boasts a foredeck which can also be used as a helipad.