Trump's election as president of the United States marked a number of firsts, including the institution of what has historically become the wealthiest cabinet ever in existence. The billionaire's effect on politics has become the subject of many debates, yet his influence on yachting is often overlooked. Having owned one of the largest yachts of her time, Trump once commissioned the world's largest superyacht and also briefly owned a leading Dutch shipyard.
In his former life as a billionaire businessman, Trump not only owned an 86m superyacht as well as a shipyard for a brief period of time, but he also ordered the world's largest yacht, although it was never completed. Meanwhile, US Secretary of Education, Betsy DeVos, with a net worth estimated at $1,5 billion, and her family have been linked to no less than 13 yachts over the years.
In 1980, the late Saudi businessman and arms dealer, Adnan Khashoggi took delivery of the 86 meter (282 ft) Nabila. Built by Benetti in Italy, she became the 8th largest yacht in the world and appeared in the 1983 James Bond movie, Never Say Never Again.
When Khashoggi, however, ran into financial problems, the Sultan of Brunei took possession of the yacht to cover one of his loans. The Sultan quickly flipped the yacht to Donald Trump for a reported $29 million in 1987. In an interview in 1988, Trump said he received a $1 million discount for agreeing to change the name from Nabila, Khashoggi's daughter.
Khashoggi probably spent $200 million building this yacht, probably the best yacht ever built. I purchased it for a business. I use it for my hotels. I use it for a lot of different charities.
After acquiring Nabila, Trump renamed the yacht to Trump Princess and had it refitted by Holland-based, Amels for a near $10 million according to the LA Times. The H on the helipad was also changed to a T to stand for Trump.
Spread into over 100 separate areas over five decks, Nabila was without a doubt one of the most complex yachts of her time. With luxurious materials including onyx used for her interior, the yacht was also ahead of her time from a technological standpoint. Remote controls were installs next to the bed for shades, room service, and the entertainment center.
Amongst the yacht's main feature was a hair salon with 3 separate chairs, a sauna, a private elevator for the owner, one for guests and one for the crew, a 2.4-meter in diameter spa pool with a waterjet behind bulletproof glass. Whilst still owned by Khashoggi, many arms deals were signed onboard the yacht.
In June 1989, Donald Trump announced that he would build a larger yacht, "something in excess of 400 feet long, closer to 500 feet" as he told Newsday and that he was accepting bids from yacht builders for this project. Amels, then owned by a group of 4 British investors, secured the deal to develop the 128-meter Trump Princess II according to NRC.
In May 1990, it was announced that Trump bought Amels altogether. At a press conference in Makkum in 1990, Jeff Walker, VP of Trump's investment empire, denied that the shipyard was sold due to the previous owner's financial difficulties, which some have said, resulted from Trump canceling the construction of the Trump Princess II.
In September 1990, two months after the acquisition, Trump sold Amels to American businessman, Peter Kutell according to Deseret News due to financial problems. At the same time, the Trump Princess was put up for sale and all work on the Trump Princess II stopped. In 1991, Trump Princess was sold to Prince Al-Waleed for $19 million who renamed the yacht to Kingdom 5KR.
The superstructure for Trump Princess II allegedly remained at the Amels Makkum facility until summer 2001 when it was eventually removed. According to sources familiar with the matter, the superstructure is still parked at the Makkum facility, now owned by Feadship De Vries and reportedly sometimes used as a bike parking space.
Currently valued by Forbes at $3.1 billion, Trump serves as the United States' 45th president since January 20th 2017. Having sparked controversies throughout the world due to his polarising views on a number of domestic and foreign issues, he has recently led a series of reforms to have US conglomerates bring back a large portion of their cash back to the United States.
After getting a start at his father's real estate development company, Trump started his Manhattan real estate crusade, acquiring part of the Commodore Hotel in 1978. Following this, Trump embarked on building Trump Tower, which was completed in 1983. Five years later, Trump bought the Plaza Hotel for $407 million and invested $50 million into its refurbishment. At the same time, Trump started branching out of Manhattan, building in Palm Beach, Atlantic City and ventured int golf.
Trump's net worth is still predominantly tied to his New York-assets though, with $1,6 billion in real estate. The billionaire has another $500 million in real estate in another cities, in addition to $570 million worth of golf clubs and resorts according to Forbes. His branding business, which includes hotel management and product licensing is currently valued at $200 million. "Money was never a big motivation for me, except as a way to keep score. The real excitement is playing the game." Trump said in his book, The Art of the Deal.
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ISA Yachts, a brand of Palumbo Superyachts, has launched the ISA GT 66-meter model as part of its Gran Turismo yacht series. The exterior design was developed by Team for Design - Enrico Gobbi.The yacht features a metallic blue-grey exterior with a long teak bow designed as a multifunctional lounge area. The design includes floor-to-ceiling windows and wide side decks with glass balustrades. A sky lounge integrated into the profile can be customized as a dining area, gym, or panoramic lounge with a hot tub. The aft main deck features an infinity pool with adjacent lounge areas.The interior incorporates organic furnishings with materials including wood, wenge inserts, marble, and satin-finish brass. The main deck contains a full-beam master stateroom with a walk-in closet, bathroom, and lounge area, along with two guest cabins. The lower deck accommodates four additional double cabins.The wellness area includes a spa and fold-out platforms providing direct access to the sea. The yacht maintains the sport-oriented design characteristics of the Gran Turismo line while emphasizing social areas and natural light throughout interior spaces.Palumbo Superyachts took root in 2008, when the Columbus Yachts brand was established, and in 2011 it launched its first 54m superyacht, emblematically christened Prima (the First). Currently, Palumbo Superyachts comprises a representative office in Monaco and a logistics network of five shipyards in the Mediterranean (Ancona, Malta, Marseille, Naples, and Savona); it also operates the following brands: ISA Yachts, Columbus Yachts, Mondomarine and Palumbo SY Refit.Credits: ISA Yachts
September 18, 2025
Gruppo Antonini S.p.A. has been awarded the IRENA 3 EPC project by EDINA, a joint venture between Edison Gas and Croatian operator INA. The contract value is approximately €23 million. Gruppo Antonini will serve as the agent in a consortium with two other companies.The project involves the engineering, construction, and installation of an offshore platform in the Northern Adriatic. The platform will consist of a jacket, foundation piles, and a topside with a total weight of approximately 800 tons. It will be installed at a depth of 35 meters and connected via pipeline to the existing Izabela North platform.A distinctive feature of the platform is its energy system, which will be powered entirely by photovoltaic panels. The facility will be fully automated and controlled remotely through a distributed control system (DCS) that allows remote monitoring of process parameters.This project represents the first of eight planned offshore developments in the Northern Adriatic aimed at increasing production from the IVANA gas field. The contract includes supply of materials, engineering, construction, pre-commissioning, commissioning, marine transport, and offshore hook-up operations.This award follows other major projects secured by Gruppo Antonini in Libya and the northern Adriatic region in 2024.Antonini Navi, the maxi-yacht builder established in 2019 by the storied Gruppo Antonini Spa and managed directly by the same family in close partnership with partner and commercial director Aldo Manna.Credits: Antonini Navi
September 18, 2025
Forte Yachts is in the final stages of construction for its first model, the Forte 47. The 14-meter yacht, which debuted at the 2025 Cannes Yachting Festival, is scheduled for launch in November 2025. The vessel is being built at the company's shipyard in Ameglia, Italy.The aluminum-built yacht features a vertical bow and a hardtop that spans over half its length. Its most distinctive feature consists of two fold-out terraces positioned amidships, which open outward to create sea-level lounge areas. The deck design incorporates a walkway only on the port side to maximize interior volume.The yacht is available in two configurations. The Gran Turismo version uses triple Mercury V12 600hp outboard engines with an estimated top speed of 45 knots. The Lounge Deck version features twin Volvo Penta IPS D8-800 inboard engines and an enclosed saloon with full-height glazing.The interior includes two cabins and two bathrooms with separate showers, with headroom exceeding two meters throughout. The hull design by Umberto Tagliavini of Marine Design emphasizes stability and efficient planing.Technical Manager Livio Franchini stated: "Opening the terraces transforms the yacht entirely. It creates a seamless connection with the sea that feels unprecedented in a 14-meter vessel."Brand co-founder Fernando Moricca stated: "Our clients are not just buying a boat; they are creating a tailored experience. The aluminium build allows us to adapt every element to individual tastes and requirements."Paolo Giordano, Head of Design, stated: "We wanted to ensure that the yacht feels like a true home on the water and challenge what owners expect in this size range. Every detail, from bathroom height to kitchen layout, has been crafted with liveability in mind."Current construction status includes completed hull, superstructure, and deck awaiting pre-paint treatment. Engine installation and interior assembly are underway, with the engine room reported to be 80% complete.Credits: Forte Yachts
September 18, 2025
Royal Huisman has unveiled a 50-meter concept yacht named AERA. The design incorporates a wing sail system and fuel cell technology aimed at reducing emissions. The concept follows the shipyard's 2024 launch of Project Tidal Shift, an environmental initiative focused on ecological preservation.The yacht's wing sail, developed by Artemis Technologies and Rondal, measures 245 square meters and is capable of rotating 360 degrees. The unstayed wing sail system does not require traditional sails, sheets, blocks, or winches. Two electric motors inside the yacht rotate the mast, while hydraulic cylinders control adjustable flaps along its trailing edge.AERA is designed to operate under 500 gross tonnage. The concept results from a collaboration between Royal Huisman, Rondal, designer Cor D. Rover, and Artemis Technologies. The design allows the vessel to function under both sail and power.Royal Huisman previously delivered the world's first hybrid superyacht, Ethereal, in 2009. The shipyard states that AERA represents a continuation of its focus on integrating new technologies to address sustainability in yacht building.Royal Huisman is a Dutch shipyard established in 1884 in Ronduite, building and refitting custom luxury sailing and motor yachts at its shipyard in Vollenhove, the Netherlands.Credit: Royal Huisman
September 17, 2025
Tankoa Yachts has completed the acquisition of the business division of Otam. The transaction, finalized in agreement with both companies' founding families, includes the Otam brand and its historic shipyard in Genoa. The dockyard facilities in Santa Margherita Ligure remain under the current ownership.The acquired Genoa facility comprises approximately 4,800 square meters of covered areas, 3,300 square meters of open-air spaces, and a water basin of nearly 10,000 square meters. Tankoa Yachts plans to implement a restructuring program that will include extending concessions, reorganizing the areas, and constructing new production sheds.The operation includes the integration of Otam's workforce into Tankoa Yachts. All employees are being transferred to ensure job continuity and to add new skills and experience to the shipyard.The Otam brand, with its existing heritage and international reputation, becomes part of Tankoa's portfolio. Tankoa Yachts stated it will preserve the brand's legacy while defining a strategy aligned with its long-term vision.This acquisition represents a continuation of the expansion project Tankoa Yachts presented at the beginning of 2025 and strengthens the company's presence in the Genoa region.Credits: Tankoa Yacht
September 17, 2025