Aug 02 2008
James Packer’s new luxury yacht
James Packer, who is the son of the late billionaire Kerry Packer and the third-richest man in Australia, had to wait some time until his new $50 million yacht had been completed. But the waiting was worth it, as it seems.
The yacht is a 50-meter Mangusta 165, which is the largest open yacht in the world. Its name is Z Ellerston. It was built by the shipyard of Gerard Rodriguez. Only two Mangusta 165 yachts have been built so far.
As written earlier, the superyacht market is booming with many people in Russia and in Asian countries getting very rich, and new Asian yacht companies entering the market. I’m sure we’ll be seeing lots of other beautiful yachts in the near future!
