What kind of people own yachts

It is possible to rent barefoot charter a yacht or lease one with a group of friends. Just because you own or lease a yacht doesn't mean you can drive it—you need a captain's license.

Other expenses accompany owning a yacht from insurance to hiring a crew or captain if you can't drive it. Article Sources. Investopedia requires writers to use primary sources to support their work.

These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Compare Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation.

This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Articles. Wealth Management Buying vs. Leasing a Private Jet. The 4 Top Alternatives. Renting Are You Ready to Rent? Partner Links. Related Terms How a Lease Option Works and Helps with a Downpayment on a Home A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.

Watercraft Insurance Watercraft insurance encompasses boat, yacht, and personal watercraft insurance. It protects against damage to vessels powered by a motor. What Is a Gross Lease? A gross lease is a commercial lease where the tenant pays a flat fee that encompasses rent and all costs associated with ownership.

While you may need to work your way up to some of them, with some jobs you can complete a few months of training or less , and be ready to apply. When you become a member of CruiseJobFinder. Don't miss out on the job you want! Join CruiseJobFinder. As you would expect, the number and types of crew onboard a yacht depend on the size of the yacht: the smaller the yacht, the fewer crew members there will be.

That usually means that the crew members onboard smaller yachts usually perform more than one role. For example, the excursion tour leader may also double as a deckhand. Generally, there will be the main navigational crew members like:. You will also be able to apply for jobs on luxury yachts if you work in the engine department as:.

These jobs mentioned above all require a certain maritime qualification and the person hiring you will normally ask you for your experience level. In these jobs, your primary goal is to meet your clients' needs:. Although the captain and most of the yacht crew are trained in first aid, certain high profile clients will also require the services of a doctor on board. This will normally be their personal doctor, unless he or she is not available. Once you become a member of CruiseJobFinder , you'll find the complete range of jobs available on luxury yachts.

You will be shown exactly how to apply, what qualifications and experience you need, and you'll get to choose where you want to work, whether it is in the Caribbean, Europe, or the Australian Coast. VanDan , Aug 11, Joined: Aug 11, Messages: 1 Location: Vancouver. Hi: New here,first post. Is not easy-requires serious effort. If you are bright,willing to learn,have what it takes,and can make sacrifices it can really be worth it.

Joined: May 10, Messages: 7 Location: Ft. Real Estate investments work rather well also. Marmot , Jun 7, Joined: May 20, Messages: 3, Location: S.

Central Ave. K1W1 , Jun 7, Well K1W1's answer was right on target. I'd add some skill, some hard work, a lot of luck. Anyone who acquires wealth and doesn't acknowledge the luck factor is quite arrogant in my mind. If it's personal business or investments, it's right time, right place. Look at Mark Cuban. Sold Broadcast. People who start companies that happen to be right place, right time and ultimately get bought for those amounts. People like Bill Gates have no idea things are going to go like they do.

Their expectations of success and wealth are far less grandiose when they start. Many just hope to pay their rent. Most are entrepreneur's. Some do it with rises in the corporate world where they end up with equity and typically buyouts along the way. Some in real estate or the stock market.

Then some win lottery's. Either formal ones or just lottery type stock market luck. I'm not sure how you set out to obtain such wealth. I would think that would be very difficult.

I think some do but for others they just set out with ideas or along a path and it accidentally comes along. You find yourself in a company that then decides to do an LBO, then it sells for many times that price later. Or an IPO. I don't think when you're young you foresee all those things. I do think many start young. But they're driven more by ideas than pursuit of extraordinary wealth. Look at Michael Dell. Assemble and sell computers in garage.

He wasn't thinking billionaire. He was just thinking more money than other college students. Kiwi mentioned less than honorable means and I want to second that comment.

That's not just those engaged in what we consider normal crime. It's those engaged in business practices that are not honorable. Look at Enron.