Yacht sales still going strong

(How come the luxury yacht market is still doing so well?) The number of billionaires in the world is actually increasing and they’re not affected by the financial crisis, and they have cash to spend. They spend their money on not just the yachts but also outfitting them with plenty of expensive details. (Some of these billionaires are also outfitting their yachts with submarines?) Yes, let’s look at these yachts: we’re talking in the range of 200 feet, and on board they want an indoor swimming pool and two helicopter pads, spas, massage parlor, and of course a submarine with leather interiors and silver. (Where are these people from?) This is interesting because last year there were a lot of Americans who were doing ok and hanging onto their super-yacts. But there are also Russian and Eastern Europeans whose petrol money hasn’t been affected and they spend a lot as well. But there were less Americans this year. (Were people paying attention to the financial crisis?) Yes, but it’s still amazing the amount of luxury going into these yachts. It’s quite sobering to see at a place as elitist as this, I was a lot of people about the financial crisis and these people said they were so rich that they haven’t even been affected. People said to me the rich are getting richer, and this yacht show was evidence of that.