> A 180-foot superyacht and/or mega yacht costs a minimum of $4.75 million per year to operate and maintain. Kitty McGowan of the US Superyacht Association estimates an annual budget of $1 million for maintenance and repairs, $350,000 for dockage, $240,000 for insurance, $400,000 for fuel, and $1.4 million for the crew.
It's not hard to figure out how to hemorrhage cash. There was a movie about this - Brewster's Millions.
That's a great quote. The $4.75 million given is an order of magnitude lower than the $37 million per year that Kotick would need to spend. Surely he doesn't have eight 180-foot mega yachts.
It's not hard to figure out how to hemorrhage cash. There was a movie about this - Brewster's Millions.