If you're a billionaire who enjoys superluxury cruising, you know Aalsmeer, Netherlands, because it's home to Feadship, a storied yacht builder that's been around for more than 100 years.
How much does it cost to keep a mega-yacht afloat
But that sticker shock is just the beginning. The cost to keep these boats afloat is pretty mega, too, according to some yacht experts and owners.
- Docking fees can run $300 to $400 a day.
- Insurance fees can add up to $1 million a year.
- Food, beverage and flowers can set you back between $1 million and $3 million annually.
- And brace yourself at the fuel pump, as the words "fill'er up" can cost you around $500,000 for a single tank of gas!
Total it and you're just keeping your head above water at about $5 million a year.
Throw in some unscheduled maintenance and fit-for-a-billionaire security and you're adding millions more. That may explain the old adage, "The best two days of a boat owner's life are the day you buy a boat and the day you sell it."
—By Ray Parisi, CNBC Director of Specials