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
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