Edge's News: The Oligarchs: Russian Billionaires list of Yachts

Most of the yachts are registered through offshore vehicles and docked in far-flung locales.

Russian billionaires have been in the spotlight since Vladimir Putin invaded Ukraine on February 24. In his State of the Union address on Tuesday, President Joe Biden said his administration would work with European countries to target Russian oligarchs by seizing “their yachts, their luxury apartments, their private jets.”

The European Union imposed sanctions on six Russian oligarchs on Monday, bringing the total number of sanctioned Russian billionaires to 16. At least two yachts owned by those sanctioned billionaires—Alexey Mordashov and Alisher Usmanov—were last tracked in Italy and Germany. Their personal assets in the European Union, from private jets and superyachts to luxury real estate, may now be frozen.

It’s still unclear whether the EU, the U.S. or the U.K. will declare additional sanctions on other individuals. As recently as February 28, Forbes tracked the wealth of more than 100 Russian billionaires. Using data from yacht valuation experts VesselsValue, Forbes has compiled a list of every yacht owned by Russian billionaires and recent dropoffs—both those that have been sanctioned and those that have not. At least 12 Russian billionaires fell out of the three-comma-club on Tuesday.

According to VesselsValue’s head of superyachts, Sam Tucker, yacht “ownership is notoriously private.” The firm has 90% confidence in its data on these yachts, which are generally owned through offshore companies registered everywhere from the Isle of Man to the Cayman Islands. Collectively, the 32 yachts are worth at least $3.7 billion.

“Technically speaking, these yachts are owned by a special purpose vehicle, often being in a different jurisdiction to the beneficial owner,” Tucker said. “There are also lease systems, which further distance the [owner] from the asset.” Lease systems are legal structures commonly used to purchase yachts, allowing individuals to own a yacht through a separate company—often registered in places such as Malta and Cyprus—that then leases the yacht to the individual.

While the Russian economy crashes under the weight of sanctions, yachts owned by the country’s billionaires are anchored in much sunnier climes: everywhere from Monaco and Barcelona to Dubai and the Seychelles.

Here is a list of all of the yachts owned by Russian billionaires tracked by Forbes and VesselsValue:

Alexander Abramov

Yacht name: Titan

Length: 257 feet

Last recorded location: Malé, Maldives on March 2

Registered in: Bermuda

Value: $82 million

Roman Abramovich

Yacht name: Eclipse

Length: 533 feet

Last recorded location: Philipsburg, St. Martin on March 2

Registered in: Bermuda

Value: $438 million

Yacht name: Solaris

Length: 458 feet

Last recorded location: Barcelona, Spain on March 2

Registered in: Bermuda

Value: $474 million

Vagit Alekperov

Yacht name: Galactica Super Nova

Length: 230 feet

Last recorded location: Tivat, Montenegro on March 1

Registered in: Cayman Islands

Value: $67 million

Alexey Mordashov

Sanctioned by EU on February 28, 2022

Yacht name: Lady M

Length: 213 feet

Last recorded location: Imperia, Italy on February 28

Registered in: Cayman Islands

Value: $27 million

Yacht name: Nord

Length: 464 feet

Last recorded location: La Digue, Seychelles on March 2

Registered in: Cayman Islands

Value: Not available

Oleg Deripaska

Sanctioned by U.S. in 2018

Yacht name: Clio

Length: 238 feet

Last recorded location: Malé, Maldives on March 2

Registered in: Cayman Islands

Value: $58 million

Alexander Frolov

Yacht name: Dream

Length: 109 feet

Last recorded location: Croatia on February 4

Registered in: Cayman Islands

Value: $3 million

Sergey Galitsky

Yacht name: Quantum Blue

Length: 341 feet

Last recorded location: Monaco on March 2

Registered in: Cayman Islands

Value: $213 million

Andrei Guriev

Yacht name: Alfa Nero

Length: 267 feet

Last recorded location: Philipsburg, St. Martin on March 2

Registered in: Cayman Islands

Value: $81 million

Igor Kesaev

Yacht name: My Sky

Length: 168 feet

Last recorded location: Maldives on March 2

Registered in: Cayman Islands

Value: $30 million

Yacht name: Sky

Length: 166 feet

Last recorded location: St. Barths on March 2

Registered in: Cayman Islands

Value: $23 million

Anatoly Lomakin

Yacht name: Sea & Us

Length: 205 feet

Last recorded location: Dubai, United Arab Emirates on March 2

Registered in: Marshall Islands

Value: $58 million

Igor Makarov

Yacht name: Areti I

Length: 128 feet

Last recorded location: St. Augustine, Florida on March 2

Registered in: Cayman Islands

Value: $7 million

Andrey Melnichenko

Yacht name: A

Length: 390 feet

Last recorded location: Dubai, United Arab Emirates on March 2

Registered in: Isle of Man

Value: $204 million

Yacht name: SY A

Length: 469 feet

Last recorded location: Trieste, Italy on March 2

Registered in: United Kingdom

Value: Not available

Leonid Mikhelson

Yacht name: Pacific

Length: 280 feet

Last recorded location: Off the coast of Puntarenas, Costa Rica on March 2

Registered in: Cayman Islands

Value: $115 million

Andrei Molchanov

Yacht name: Aurora

Length: 243 feet

Last recorded location: Barcelona, Spain on March 2

Registered in: Cayman Islands

Value: $110 million

Alexander Nesis

Yacht name: Romea

Length: 268 feet

Last recorded location: Victoria, Seychelles on March 2

Registered in: Cayman Islands

Value: $110 million

Vladimir Potanin

Yacht name: Nirvana

Length: 290 feet

Last recorded location: Malé, Maldives on March 2

Registered in: Cayman Islands

Value: Not available

Mikhail Prokhorov

Yacht name: Palladium

Length: 312 feet

Last recorded location: Barcelona, Spain on March 2

Registered in: Cayman Islands

Value: $157 million

Dmitry Pumpyansky

Yacht name: Axioma

Length: 236 feet

Last recorded location: English Harbour, Antigua and Barbuda on March 2

Registered in: Malta

Value: $42 million

Viktor Rashnikov

Yacht name: Ocean Victory

Length: 459 feet

Last recorded location: Malé, Maldives on March 1

Registered in: Cayman Islands

Value: $294 million

Arkady Rotenberg

Sanctioned by EU in 2017; by U.S. in 2018; by U.K. on February 22, 2022

Yacht name: Rahil

Length: 213 feet

Last recorded location: Istanbul, Turkey on November 4, 2021

Registered in: Russia

Value: $38 million

Dmitry Rybolovlev

Yacht name: Anna

Length: 361 feet

Last recorded location: Five Islands Harbour, Antigua and Barbuda on March 2

Registered in: Cayman Islands

Value: Not available

Anatoly Sedykh

Yacht name: Hermitage

Length: 225 feet

Last recorded location: Victoria, Seychelles on March 2

Registered in: Cayman Islands

Value: $73 million

Eugene Shvidler

Yacht name: Le Grand Bleu

Length: 354 feet

Last recorded location: Philipsburg, St. Martin on March 2

Registered in: Bermuda

Value: $109 million

Andrei Skoch

Sanctioned by U.S. in 2018 and by the EU on February 23, 2022

Yacht name: Madame Gu

Length: 325 feet

Last recorded location: Dubai, United Arab Emirates on February 28

Registered in: Cayman Islands

Value: $156 million

Alexander Svetakov

Yacht name: Cloudbreak

Length: 246 feet

Last recorded location: Victoria, Seychelles on March 2

Registered in: Cayman Islands

Value: $98 million

Oleg Tinkov

Yacht name: La Datcha

Length: 252 feet

Last recorded location: Cabo San Lucas, Mexico on March 1

Registered in: Russia

Value: Not available

Yacht name: YCM 90

Length: 90 feet

Last recorded location: Not available

Registered in: Cayman Islands

Value: $2 million

Alisher Usmanov

Sanctioned by EU on February 28, 2022

Yacht name: Dilbar

Length: 512 feet

Last recorded location: Hamburg, Germany on March 2

Registered in: Cayman Islands

Value: $588 million

Source: Forbes