Roman Abromavich is a Russian billionaire and, as the principle owner of private investment company Millhouse LLC, is also one of the world's richest men. He has lost billions of dollars in the financial crisis; his net worth has declined from $23.5 billion to $3 billion, but this has not stopped him from continuing the construction of the world's largest yacht.
Over the past year the global economic situation has halved the number of billionaires in Russia bringing the number down to 49 and making Abromavich a member of an increasingly rare breed. Nevertheless, he patiently awaits delivery of the largest yacht in the world, which is currently under construction in Hamburg, Germany, and is due for completion in 2010.
The owner of the yacht currently deemed the largest in the world is Sheikh Mohammed bin Rashid Al-Maktoum, the Emir of Dubai. This super yacht measures 531 feet in length and is named "The Dubai" and cost a cool $350 million. The Dubai has eight decks and can accommodate a whopping 115 people, including a crew of 88! Some of the other features include a swimming pool, Jacuzzis and a helipad, as well as saloons and VIP suites.
Abramovich's new yacht will be called the Eclipse, and at around 555 feet, will be longer than the Dubai. Innovative features include a cinema, submarine dock (with a submarine able to dive to a depth of 160 feet), and two helicopter platforms. The cabins will be able to cater for 24 guests.
The most interesting features of the aspiring world's largest yacht are its security capabilities. The yacht comes equipped with bullet proof windows, a submarine in case a speedy escape is required and a radar system designed to signal when a missile is fired at the yacht.
As the largest privately owned yacht in the world, The Eclipse will require a crew of at least 50 in order to be fully functional. This is a tremendous cost, and may prove a bigger burden than previously imagined because of the huge loss in net worth the Russian billionaire suffered between 2008 and 2009
to date.
Abromavich's Eclipse will set a new standard in yacht building, which can only be good for the industry. And when the world economy gets back on track it's almost certain that there will be a few challengers to his thrown. For now, the owner of what will be the largest yacht in the world can claim to be the heir apparent "Master of the Seas".
Brandon wrote this article for the online marketers Hamble School of Yachting RYA Course Hamble School of Yachting is the leading independent Royal Yachting School RYA sea school in the UK, specialising in RYA Sailing courses, RYA Motor Cruising courses and RYA Powerboat courses.
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