TransportPublished:

Billionaires are so obsessed with superyachts that Italian shipbuilder Azimut-Benetti has a staggering $2.7 billion order book, with deliveries lined up through 2030.

by


Azimut-Benetti revealed at the Cannes Yachting Festival that their order book is a strong contributor to the Group’s improving fiscal status. With new orders flowing in as of January 1, 2024, their billion-dollar success is inching towards $3 billion, with deliveries scheduled through 2029. The Azimut-Benetti group, founded in 1985, is reporting revenue of $1.44 billion for 2023-24, a significant leap from $935 million in 2020-21. With the shipyard’s momentum, it wouldn’t be surprising to see Azimut-Benetti easily achieve the $1.66 billion revenue target for the 2024-2025 fiscal year.

The magnificent 353-foot-long Luminosity in Monaco. Image – Charterworld

The world’s leading manufacturer of megayachts is behind sea-faring marvels like IJE, Luminosity, Lionheart, and the ultra-luxurious Kingdom 5KR. In fact, the latter came at a great cost to the Benetti shipyard, which struggled to stay afloat after delivering the yacht. It was formerly known as the Nabila motoryacht (Kingdom 5KR), and a ruthless contract forced the Benetti yard into bankruptcy in 1984. However, Azimut-founder Paolo Vitelli purchased the over 100-year-old Viareggio-based shipyard, forming the Azimut-Benetti Group.

Also read -  From Jeff Bezos to Walmart heiress Nancy Walton to the Abu Dhabi royals, billionaires just cannot get enough of the Mediterranean as a record number of them sailed with their superyachts to the sunkissed paradise last month.


It has since grown to become the world’s top superyacht builder. Notably, Azimut-Benetti’s revenue during the 2020-2021 fiscal year saw a 62.5% increase despite the pandemic. According to their website, the shipbuilder has 167 yachts under construction in 2024, the most in the world, representing 14% of the global market. Some projects contributing to the $2.7 billion order book worth looking forward to include the 279-foot fully custom megayacht FB283, the 236-foot Benetti B.NOW, and the 220-foot Benetti FB278 – Project Fenestra.

Tags from the story
,
Neha Tandon Sharma
With over 15 years of experience in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.

You may also like

The superyacht Alfa Nero is mired in a fresh controversy, along with an oligarch’s daughter, now a billionaire from Maryland is claiming ownership of the 269-feet long abandoned vessel. Additionally, he is also suing the government of Antigua for millions of dollars.
An American billionaire family is looking for a live-in dog nanny and is willing to pay $127,000 a year
Russia’s richest man Alexei Mordashov cleverly saved his $500 million megayacht ‘Nord’ from being seized by spending $465,000 in fuel and racing it at full speed to Russia. The sanctioned billionaire also made the 464 feet vessel disappear by turning off its location responders.
10 Tech billionaires and the humble and the not so humble cars they drive
From a truck driver to New Zealand’s richest man. Graeme Hart has showcased his Covid lockdown project, a 338-foot-long superyacht that boasts four Jacuzzis, an extensive swimming pool, a concealed helicopter hangar, a winter garden, and even a hospital.
Will American billionaire Warren Halle back out from buying the Alfa Nero superyacht just like Eric Schmidt? Yulia Guryeva, the daughter of the sanctioned oligarch who allegedly owns the 269-foot-long vessel, has vowed to relentlessly pursue a legal battle until it is returned to her.
Longer than four soccer fields this insane superyacht concept is designed to emulate a bird floating on the water
Once impounded for lack of payments, Steve Jobs’ $140 million luxury yacht Venus is an avant-garde 256-ft long cruiser. It has 40-feet floor-to-ceiling windows and its glass is created by the designer of Apple stores.
Not only one of the largest but this 330 feet long sailing superyacht concept will also be one of the greenest in the world – Its electric propulsion system matched with two rotating wing masts will save 225,000 liters of fuel per year.