“The rise of high-profile entrepreneurs in the tech sector has helped drive growth,” Adam Moorey, head of business intelligence at superyacht broker Edmiston, told Observer. Still, discretion, flexibility and the ability to explore new destinations without long-term commitments are all pushing some billionaires toward chartering. Bill Gates sold his $645 million yacht “Breakthrough” in 2025 before ever using it, despite having it custom-built. He has instead favored chartering vessels like the 351-foot “Lana” and the 436-foot “Serene,” valued at roughly $200 million and $400 million, respectively. Billionaires and their superyachtsBillionaires spend heavily to purchase, maintain and operate superyachts, with annual upkeep typically running about 10 percent of a vessel’s value.