Italy News, Photos, Videos

TransportPublished: September 6, 2026

Despite being impounded in Italy since 2022, the $700 million Scheherazade megayacht, featuring anti-drone technology and a cryotherapy room, fired up its massive engines to briefly sail the Mediterranean while a mystery owner continues to pay its $14 million annual bill

by Neha Tandon Sharma

The humongous $700 million megayacht Scheherazade manages to make waves even without any actual movement. The yacht was docked at the Italian Sea Group…

Stories about Italy

The greatest real estate failure of the decade involves a sprawling Roman villa with a $350 million Caravaggio mural inside that shockingly received zero bids at its $530 million auction because buyers simply cannot handle the extreme preservation costs

The Emir of Qatar, who casually gifted one of his private 747 jets to the mighty United States, liked this 168-acre Italian estate so much that he paid a $115 million celebrity premium for Villa Certosa, which features 126 rooms, a remote-controlled volcano and seven pools

Forget 18%, an American billionaire arrived with his entourage from a $50 million superyacht to a Sicilian beachside restaurant, received a private table and VIP treatment, and after a lavish dinner, left its entire staff a princely 5 Euro tip to divide among themselves

Italy just gave its police a $300,000 Lamborghini Temerario with 920 hp, but this outrageous supercar isn’t chasing criminals, it’s racing across the country to deliver kidneys to patients before time runs out

Despite being impounded in Italy since 2022, the $700 million Scheherazade megayacht, featuring anti-drone technology and a cryotherapy room, fired up its massive engines to briefly sail the Mediterranean while a mystery owner continues to pay its $14 million annual bill

One of the most expensive beach tents in Italy costs $1,750 a day and comes dressed in Dolce & Gabbana, complete with a personal waiter, branded towels and a private safe, yet it is sold out daily

Bill Gates spent millions so his 390-foot superyacht could run on hydrogen and glide in utmost silence. Ironically, someone chartered the $650 million vessel and threw an onboard party so loud that residents of a quaint Italian village had to launch an online protest

If paying $30,000 every day since 2022 to maintain this Russian billionaire’s seized $600 million futuristic superyacht were not enough, Italian taxpayers may now have to pay $12 million for a mandatory technical inspection and extensive repairs of the 468 feet long vessel

This Qatari royal is so wealthy that he splurged $375 million on Europe’s most ostentatious villa. Even bigger than Vatican City, this Sardinian estate has a remote-controlled erupting volcano, five swimming pools, a football pitch, and a secret cave to hide from prying drones

Russian billionaire Andrey Melnichenko has dragged Italy to court over the seizure of his stunning $600 million superyacht, and if he wins, not only will he get the vessel back, but he won’t pay a dime to the Italians who spent $47 million maintaining it

With Ferrari’s share price tumbling and loyalists revolting against the Luce, the company’s CEO took the controversial EV to the Pope for his blessing, and gifted His Holiness the steering wheel of the $640,000 electric flagship.

As an April Fool’s prank, locals of this small Italian town were told that Jeff Bezos was buying the local mountain; a few days later, the Amazon founder actually arrived with his billionaire friends and heavy security, leaving the locals breathless.