Tommy Hilfiger is a fashion icon and one of the most successful designers in the industry. In addition to his successful fashion empire, he is also a passionate yacht owner. Hilfiger’s yacht, named “Flag”, is a beautiful vessel that has garnered much attention in the yachting community. Let’s take a closer look at the yacht and its finances.
The yacht Flag is a 47-meter yacht that was built by the renowned Dutch yacht builder, Feadship. It was launched in 2000 and has since been one of the most impressive yachts on the water. The interior of the yacht is luxurious, with a modern design that features plenty of light and open spaces. It can accommodate up to ten guests in five cabins and has a crew of 10 to cater to the guests’ every need.
The yacht Flag is powered by two Caterpillar diesel engines that can reach a top speed of 15 knots. It also has a range of 3,500 nautical miles, making it perfect for extended cruising. The yacht is equipped with a range of amenities that include a jacuzzi, a gym, a cinema room, and an outdoor bar.
As for the finances of owning a yacht, it is no secret that it can be an expensive venture. The cost of purchasing a yacht like Flag is just the beginning. There are also the maintenance costs, fuel costs, and crew salaries to consider. However, for those who can afford it, owning a yacht can be a worthwhile investment.
According to reports, Tommy Hilfiger purchased Flag for around $30 million. He has since spent millions of dollars on upgrades and renovations, ensuring that the yacht remains in top condition. In addition to the initial purchase price and upgrades, there are also ongoing expenses such as fuel costs, dockage fees, and maintenance costs. Estimates suggest that these costs can range anywhere from $1 million to $2 million per year.
Despite the significant costs associated with owning a yacht like Flag, many owners view it as a worthwhile investment. The yacht provides a luxurious and private way to travel, and it is often a status symbol for those who can afford it. For Tommy Hilfiger, owning a yacht like Flag is just one of the many ways he enjoys his wealth and success.
In conclusion, the yacht Flag is an impressive vessel owned by fashion icon Tommy Hilfiger. While the cost of owning a yacht can be significant, it is often viewed as a worthwhile investment for those who can afford it. The yacht provides a luxurious and private way to travel and is often seen as a status symbol in the yachting community.
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