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Showing posts with label Superyachts new status symbols for Asia's mega-rich. Show all posts
Showing posts with label Superyachts new status symbols for Asia's mega-rich. Show all posts

Superyachts new status symbols for Asia's mega-rich

Forget about limousines, penthouse apartments, private jets and other trappings of newfound wealth.
For Asia's growing ranks of the ultra-rich, a superyacht has become the ultimate status symbol, and manufacturers of luxury craft are setting course for a region which by one count now boasts more than 330 billionaires.

"I love having a yacht as it's a home that moves and I have a different view everyday," Singaporean tycoon Arthur Tay, one of the city-state's pioneering yachtsmen, told AFP.

Tay owns Hye Seas II, a sleek 116-foot (35.4-metre)

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