# @benzinga on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/C82Tgcst925
- **Gondola URL:** https://gondola.cc/posts/20139303-benzinga-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/5a6a6da917.jpg
- **Posted:** 2024-06-30T17:38:34.000+00:00
- **Account Owner:** Benzinga | News That Moves (@benzinga) — https://gondola.cc/benzinga

## Caption

Jeff Bezos, the founder of Amazon, has made headlines for his business ventures and extravagant lifestyle. 

One of the most notable symbols of his wealth is his superyacht, Koru, which costs around $500 million. This 417-foot luxury sailing yacht, built by Oceanco, features three towering masts and is the tallest sailing yacht in the world.

Owning a superyacht like Koru involves significant annual expenses. The estimated cost to run and maintain Koru is about $25 million annually. Here’s a breakdown of these costs:

- Crew Salaries: The yacht accommodates up to 36 crew members. Given the high skill level required, annual crew salaries can be significant but specific figures are not disclosed in the sources.

- Maintenance: General maintenance, including repairs and refits, can reach tens of millions. According to Luxury Launches, refits alone can cost up to $20 million.

- Fuel: Refueling the yacht can cost upward of $500,000 due to its large fuel capacity.
Insurance: The annual insurance cost for a yacht like Koru is around $5 million.

- Docking Fees: Docking fees in prime locations can be around $5,000 per night, totaling hundreds of thousands of dollars annually.

- Utilities and Amenities: Operating the onboard facilities and utilities, including electricity and entertainment systems, can potentially cost between $1 million and $3 million per year.

- Security: Additional security measures for such a high-value vessel can cost several million dollars annually.

- Luxury Maintenance: Maintaining the yacht’s luxury interiors and furnishings can range from $2 million to $5 million annually. 

In early 2023, Jeff Bezos’s net worth was $107 billion. By early 2024, it had surged to $177 billion, a $70 billion gain. This translates to an increase of $191.8 million daily or about $8 million per hour. To put this into perspective, Bezos earns the equivalent of the median lifetime earnings of a typical U.S. worker ($1.7 million in 2023) in about 12.76 minutes.

#jeffbezos

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## Credits

These are the roles credited on Gondola. Credits may be incomplete.
A brand, account owner, or featured person is not necessarily the creator.

| Name | Username | Profile | Role |
| --- | --- | --- | --- |
| Benzinga | News That Moves | @benzinga | https://gondola.cc/benzinga | Brand |
| Jacob Shipley | @okcmayor | https://gondola.cc/okcmayor | Director of Social Media |

## Tags

jeffbezos

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