The annual running costs of owning a superyacht are enough to buy a mansion

From fuel costs to dockage fees, maintenance and repairs to crew salaries, the annual costs of running a superyacht are staggering.

by | Published on 23rd Jun 2023

If you dream of winning the lottery and buying yourself a superyacht, you might want to rethink it.

Think parking a car is expensive? Clearly, you’ve never parked a yacht.

There’s a very good reason why superyachts are owned by the one percenters.

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While sailing the seas in the private surrounds of a superyacht sounds like bliss, there’s more to owning a one than the initial cost of buying it.

The running costs stretch well into seven figures.

Just to break it down, the annual operating cost of a superyacht is approximately 10 percent of its initial value.

Let’s break it down.

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You have to pay V.A.T. (tax) on your superyacht, which is anywhere between 15 to 25 percent of the vessel’s value.

Maintenance costs range from anywhere between $2.7 million to $4.3 million per year for an average-sized yacht of 45 meters.

On the subject of crew members, you have to pay their salaries, too, which can cost well over $1 million a year.

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On top of that, you have dockage fees and boat insurance, both of which cost hundreds of thousands of dollars per year.

Then there’s fuel usage to take into account – and a 71 meter yacht for example uses up to 500 liters of diesel per hour.

So, based on these figures, a 100 meter superyacht with a top speed of 25 knots and a 50-strong crew would cost around $275 million on average.

Yes, that’s as much as it would cost to buy a mansion – or several mansions for that matter.

Interestingly, many superyacht owners keep their vessels for no more than three years before selling up.

Still dream of owning a superyacht?



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Adam Gray is an experienced motoring journalist and content creator based in the United Kingdom. Using his media accreditation with motor manufacturers’ press offices, Adam test drives the latest cars and attends new vehicle press launches, producing written reviews and news pieces for Before joining the Supercar Blondie team, Adam was Motoring Editor for Portfolio North magazine, North East Motoring Editor at Reach plc, and provided motoring content on a freelance basis to several lifestyle and business publications in the North of England. When he’s not behind the wheel of the latest car, Adam can be found at his local rink playing ice hockey or supporting his beloved Middlesbrough FC.

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