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My yacht is bigger

By Judy Martel · Bankrate.com
Wednesday, April 17, 2013
Posted: 6 am ET

In the never-ending, "mine-is-bigger" wars among the rich with toys, a new yacht has sailed to the top spot.

Azzam, a 590-foot-long motor yacht, has blown Russian tycoon Roman Abramovich's 536-foot yacht, Eclipse, out of the water, so to speak. The German shipbuilding company Lurssen and Italian designer Nauta Yachts won't say who owns the vessel, but reports are circulating that it's a member of the royal family of Abu Dhabi, United Arab Emirates.

The newest, largest yacht, Azzam.

Azzam can travel at a speed of 30 knots, about 30 percent faster than other yachts of its size, and is propelled by jets that give it 94,000 horsepower. It reportedly cost $609 million and took one year to design and three years to build.

The interior is being designed by Christophe Leoni, a French designer who has said he'll aim for a turn-of-the-century empire style. The boat is scheduled to launch this fall.

Lurssen has also built private yachts for Paul Allen, co-founder of Microsoft, and entertainment executive David Geffen. Their yachts come in at a measly 414 feet and 453 feet by comparison. Then again, Allen owns a second yacht as well, the 303-foot Tatoosh.

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