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The story of Donald Trump’s superyacht: The Trump Princess

Donald Trump loves a good deal

In 1988, the successful businessman Donald Trump bought the 86m Benetti build superyacht Nabila . He renamed her Trump Princess and used it until 1991.

For a superyacht built in 1980, Nabila was an impressive vessel. She was built for Saudi billionaire Adnan Khashoggi that paid $100 million for it and named after his daughter. Khashoggi is known for his involvement in arms dealing. His net worth was around $4 billion in the early 1980's.

When Khashoggi ran into financial trouble in the mid-1980's he took a loan of $50 million and put Nabila as collateral. He defaulted on the loan in 1987 and a Swiss holding company took possession of the yacht. It was placed with yacht specialist Burgess for a quick sale at an asking price of $50 million.

Learning that Nabila is for sale, Trump made a bid. Burgess had already two other offers, but Trump's bid was more appealing. A Burgess agent flew to New York and made Trump a proposal for $32 million. The sale was settled at $30 million. A bargain, for a yacht he never set foot on.

Trump refitted the vessel and named it Trump Princess .

Why did Trump buy the yacht? He does not like water sports, he's not keen on swimming and always tried to avoid the sun. He never owned a big boat before. He doesn't even like boats.

He was charmed by a "certain level of quality" and admitted that it's an incredible toy and a work of art. "I was buying a great piece of art at a ridiculously low price."

Unlike Trump, Khashoggi loved boats. He acquired his first yacht when his was 18 and traded up as his wealth increased.

In the 70's he owned two yachts but wanted something out of this world. So, he commissioned British designer Jon Bannenberg to draw the most impressive and sumptuous yacht.

Khashoggi didn't stop here he employed Italian designer Luigi Sturchio to produce an interior that is believed to have cost more than the yacht itself.

Also, he wanted the ship to be completely self-contained and included everything in the specifications: from a patisserie and a hair salon to a cinema room with an 800-film library and a hospital with an operating room.

Nabila had crew quarters for a staff of 52 people. It had a helicopter landing pad and two nine meter tenders. The fuel tanks were big enough for 8,500 nautical miles when cruising at 17.5 knots. It had three water-makers capable to produce 45.000 liters of fresh water from the ocean. Also, it had six huge refrigerators that could store a three-month supply of food for 100 people.

For Khashoggi and later for Trump, this vessel was an invaluable business instrument. Movie stars, political leaders and diplomats were invited on board. It is believed the yacht had 150 telephones and satellite communications in order for business sales to be arranged.

The yacht has five decks and more than 100 separate areas. The owner's suite is a full-beam area with a three meter wide bed. It has a dressing room and an impressive bathroom with onyx tiles. Next to the bedroom, there is a television room, a large sitting area and a private elevator that takes the owner to his private sundeck. The yacht has another two elevators on board, one for guests, one for crew.

Trump spent another $8.5 million for refitting the yacht at Amels in the Netherlands. Renamed Trump Princess , she set sail from the Azores to arrive in New York on July 4, 1988, in time for a huge party Trump threw on the yacht.

Like the previous owner, Trump used the yacht mostly for business. But not for long. In 1991, Trump sold the ship to Saudi Prince Al-Waleed bin Talal for $20 million. The Prince renamed the yacht Kingdom 5KR , the name under she still sails today.

For more about Donald Trump's Joy Rides click here .

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The Legendary Nabila   Yacht

The Nabila yacht was built at Benetti's shipyards in Viareggio and delivered in 1980. Measuring 281 feet and featuring 11 suites, a cinema and helipad, she was one of the world's largest yachts at the time and without doubt the most opulent. In 1983 the Nabila played an important role in the James Bond movie Never Say Never Again ; a few years later she was seized by the Sultan of Brunei and sold to Donald Trump.

She was bought by her current owner, Prince Al-Waleed bin Talal, in 1991. The photo below shows her berthed at Antibes, France.

Adnan Khashoggi

The Nabila was commissioned in 1978 by billionaire arms dealer Adnan Khashoggi. Named after Khashoggi's daughter, she was built at Benetti's shipyards in Viareggio and delivered in July 1980. Interior design was managed by Luigi Sturchio; the exterior was designed by English-Australian yacht designer Jon Bannenberg . The yacht was powered by twin Nohap Polar engines, giving her a cruising speed of 17 knots and a top speed of 20 knots.

The Nabila soon became known the world over for her sumptuous interiors, opulent suites and ostentatious luxury. The yacht spanned 5 five decks and featured every conceivable amenity. The 11 suites were paneled with chamois leather and bird's-eye maple; bathrooms were decked out in gold and onyx. Khashoggi's suite not only had its own saloon, office and sauna, it also had an elevator that went up to a private sun lounge.

The main saloon featured a waterfall, bronze bar, and grand piano gifted to Khashoggi's wife by Liberace. Other amenities included a 12-seat cinema, a disco, and a medical clinic with its own operating theatre. No one really knows how much the yacht cost to build, though some estimates give $35 million for the exterior and $50 million for the interiors.

It's a spectacle, a statement of astronomic wealth, a massive piece of equipment designed to arouse envy in those who behold it.

New York Magazine, 1988

The Nabila had a major impact on the global yachting scene and changed the industry in two significant ways. First, her flamboyant Saudi Arabian owner inspired other Middle Eastern businessmen to commission luxury yachts of their own. The trend began in the early 1980s and continues to this day. Second, her innovative design and extravagant interiors opened eyes to what could truly be achieved if money were no object.

The Nabila yacht had 11 suites, all named after precious stones or metals. The bedroom shown here is the Ruby Suite. The other photo shows part of the main saloon, with the bronze bar visible on the left.

Khashoggi and Benetti: Financial Ruin

Adnan Khashoggi often claimed to be the world's richest man and at times spent up to $250,000 a day to support his lifestyle. He started experiencing cash flow problems in the early 1980s, however, and towards the end of the decade the debt bubble burst. First to go was his private DC-8. The jet was grounded in 1986 when he defaulted on a $15 million loan. Following that, he defaulted on a $50 million loan issued by a Swiss bank and guaranteed by the Sultan of Brunei. The loan had been used to finance the construction of the Nabila .

The Sultan settled the loan himself, seized control of the Nabila and promptly put the yacht on the market. A handful of potential buyers took interest – one of whom was a New York real estate developer named Donald Trump.

The Nabila also took its toll on Benetti. The shipyard had seriously undervalued the costs of constructing the yacht and was hit hard by a series of penalty clauses added to the contract by Khashoggi's negotiators. The contract was overtly biased in Khashoggi's favor, and even allowed him to request changes during the final construction stages. Ultimately the yacht was built at a loss, and by 1985 Benetti was teetering on the verge of bankruptcy.

A young Italian named Paolo Vitelli stepped in. Sixteen years earlier Paolo had founded Azimut Yachts and built the company into a global brand. In a bid to rescue Benetti and take control of their Viagreggio shipyards, he invested every cent he had to bail out the ailing giant. It was a huge risk, but one that paid off. The new company became known as the Azimut Benetti Group and the rest, as they say, is history.

On the subject of history, remember Sean Connery's role in the James Bond movie, Never Say Never again ? The Nabila yacht is shown at bottom right.

The Trump Princess

The Sultan of Brunei's broker put the Nabila up for sale in 1987 with an asking price of $50 million. Donald Trump offered $15 million, the broker dropped to 32, Trump countered with 28, they settled on 30. A further million was taken off when Trump agreed not to keep the name Nabila and rename the yacht as he saw fit. Until this deal took place, the highest price paid for a secondhand yacht was $16 million.

Trump had actually had his eyes on the Nabila for quite a while. He'd been expanding his casino empire in Atlantic City and realized the Nabila could function both as a business tool and tourist attraction.

While I was building Farley Marina I was trying to get the boat because I knew she would blow everybody's mind.

Donald Trump

Trump renamed the yacht Trump Princess and spent $8.5 million having her refitted. The hull was repainted, the engines rebuilt and more than 3500 yards of chamois leather stripped out and replaced. As a finishing touch, the letter H on the helipad was swapped for a T. When done, the yacht set sail for America and cruised into New York on July 4 1988.

In April 1990 Trump opened his third gambling resort in Atlantic City, the $1 billion Taj Mahal. It was New Jersey's tallest building and the world's largest casino. But to survive it needed to take more than $1 million per day just to service its loans, and the market simply wasn't there. Trump's lenders intervened. They insisted he restructure his organization and sell the Trump Princess . Once again, Adnan Khashoggi's superyacht was up for sale.

Prince Al-Waleed bin Talal

Prince Al-Waleed bin Talal bought the yacht in 1991 for $19 million. One of the world's richest men, Prince Al-Waleed bin Talal is founder, CEO and majority stock owner of the Kingdom Holding Company, a company with global interests that include financial services, media, agriculture and real estate. After taking possession of the Trump Princess , Prince Al-Waleed bin Talal renamed the yacht Kingdom 5KR , where 5 represents his lucky number and the letters K and R are the initials of his children. Since the acquisition, Kingdom 5KR is almost permanently berthed at Antibes in the south of France, though from time to time she ventures out to nearby Cannes and Monte Carlo.

The Kingdom 5KR is shown below. The exhaust funnels have been a distinctive feature of this yacht ever since she was launched. They are angled outwards to accommodate the helicopter.

Pinnacle Marine New Zealand

Pinnacle Marine has years of practical experience dealing with luxury yachts and is supported by a network of contacts throughout the industry. If you would like more information about the Azimut Benetti Group, or anything else connected with luxury yachts, please get in touch.

Buettner, Russ; Bagli, Charles V. (2016), How Donald Trump Bankrupted His Atlantic City Casinos, but Still Earned Millions , New York Times

Kessler, Ronald (1986), The Richest Man in the World: The Story of Adnan Khashoggi , Hachette Book Group , ISBN: 978-1-5387-6254-7

Rempel, William C. (1987), Latest Financial Setback for Billionaire Saudi Arms Dealer: Sultan of Brunei Seizes Khashoggi Yacht , LA Times

Taylor, John (1988), Trump's Newest Toy , New York Magazine , 20-26, ISSN: 0028-7369

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Kingdom 5KR

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KINGDOM 5KR yacht NOT for charter*

86m  /  282'2 | benetti | 1980 / 1993.

Owner & Guests

• Previous Yacht

Special Features:

• Impressive 9,789nm range
• Eleven cabins
• Lloyds Register classification
• Spa facilities
• Up to 31 crew

The 86m/282'2" motor yacht 'Kingdom 5KR' (ex. Nabila) was built by Benetti in Italy at their Viareggio shipyard. Her interior is styled by design house LUIGI STURCHIO and she was completed in 1980. This luxury vessel's exterior design is the work of Bannenberg & Rowell and she was last refitted in 1993.

Guest Accommodation

Kingdom 5KR has been designed to comfortably accommodate up to 22 guests in 11 suites. She is also capable of carrying up to 31 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include a spa, gym and air conditioning.

Range & Performance

Kingdom 5KR is built with a steel hull and aluminium superstructure, with teak decks. Kingdom 5KR comfortably cruises at 17 knots, reaches a maximum speed of 20 knots with a range of up to 9,789 nautical miles from her 615,000 litre fuel tanks at 17 knots. Her water tanks store around 181,000 Litres of fresh water. She was built to Lloyds Register classification society rules.

*Charter Kingdom 5KR Motor Yacht

Motor yacht Kingdom 5KR is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Kingdom 5KR Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Kingdom 5KR Photos

NOTE to U.S. Customs & Border Protection

Specification

M/Y Kingdom 5KR

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The Story of the Nabila

Written by Lars Zeppernick

Luxury yachts and boats have quite often been featured in James Bond movies, and one of the most famous examples of them was Adnan Kashoggi’s “Nabila”, named after his daughter, which doubled for the “Flying Saucer” in the Kevin McClory produced Bond movie Never Say Never Again .

The “Nabila” was built in 1980 by Fratelli Benetti shipyard in Viareggio (Italy), being the world’s largest private yacht at that time with a length of 281 ft. (85,65 metres). And even after a quarter century, it is still among the world’s largest yachts’ Top 25. The exterior design was done by Jon Bannenberg of London, while the interiors were done by Italian Luigi Sturchio.

The Bond crew was the first movie crew allowed on board of Kashoggi’s swimming palace, for which producer Jack Schwartzman made “a contribution to The Princess Grace Foundation for charity through the Kashoggi Foundation” and Kashoggi also got a Thanks “A.K.” in the movie’s end credits. This deal scored Schwartzman a few points with his leading actor Sean Connery, which otherwise he mostly failed during the lengthy shooting of Never Say Never Again .

In the movie, the vessel was called “Flying Saucer” (English for “Disco Volante”, as the its equivalent was named in Thunderball ) and served as Maximilian Largo’s mobile headquarters, at home on the seven seas. However, the ship’s command central that was shown in the movie was fictional, the work of production designer Stephen Grinds and art director Les Dilley.

The original yacht, at the height of a three storey building, featured five decks. It had three elevators, a 12-seat movie theatre, two saunas, a swimming pool, a discotheque, a jacuzzi, a billard room, eleven guest rooms with hand-carved onyx bathroom fixtures and gold-plated door-knobs and a master suite of 4 rooms, the bathroom of which had a solid gold sink. There also was a sun deck equipped with bullet-proof glass, sleeping quarters for 52 staff members, a three room “hospital”, secret passageways, push-button doors and windows and no less than 296 telephones. The steel hull ship made 18 – 20 knots and was powered by two 3000 hp Nohab Polar V 16 turbocharged diesel engines.

Several figures are known about the original price of the “Nabila”: while some sources speak of $70 million, others say that the boat itself was about $30 million plus $55 million for the luxury extras, which makes a total of $85 million. However, the building of the ship eventually led to bankrupcy of the manufacturer. The Benetti managers were very traditional and used to unwritten business rules among gentlemen—which Kashoggi wasn’t and didn’t care for. He was a tough bargainer and apart from keeping the price as low as possible, he had also insisted on several penalty clauses. After he had demanded a lot of changes during the build, Benetti had to ask for a necessary extension of the production timeframe, but he wouldn’t allow it and instead insist on the contract’s clauses—which were void after his many changing demands, but Benetti were unaware of this. The company never recovered from the losses and was sold to boat dealer Azimut in 1984, who then started to build their own boats on the shipyard, still using the traditional name Benetti.

When arms dealer Kashoggi was bankrupt himself in 1987 the “Nabila” was used to pay off a loan to the Sultan of Brunei, who sold the ship to billionaire Donald Trump at a bargain price of $29 million. Trump renamed her “Trump Princess” and had her refitted for $8 million at Amels in Holland. The boat—now with a white hull instead of the original grey painting—was brought to New York and was later partly used as a casino ship in Atlantic City.

“The Donald” himself never really had a thing for boats and he is said to never have spent a night on board. He more considered it a prize, a masterpiece “beyond a boat” and when he toured visitors, he boasted about the luxury features, such as the heliport on which he had painted a big “T” instead of the usual “H”.

In the early 1990s when Trump went bankrupt himself, he was forced to sell his beloved yacht—among other things—and thought that his name alone attached to the boat would justify to ask a price of $115 million for it. But he was dead wrong, as he didn’t even match the price for which he bought it himself. The new and current owner, Prince Alwaleed bin Talal bin Abdul Aziz al Saud, a wealthy Saudi businessman with ties to the Royal family, claims that he only paid $19 million for it.

The boat got another refitting at Amels, where the hull was painted beige in order to reflect the colour of sand, more gold decoration was used on the interiors and arms systems were installed. Renamed “Kingdom 5KR” (after the Prince’s company’s name, his lucky number and his childrens’ initials), the ship is permanently anchored at the IYCA in the port of Antibes (South France) with frequent visits to Cannes.

To discuss this article regarding the history of the Nabila, visit this thread on the CBn Forums, the largest James Bond 007 forum on the internet. Additional research by Heiko Baumann.

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‘Yachts at the top’: power, privacy and privilege in the world of Australian superyachts

Superyachts are floating markers of power and luxury, and sales are booming. As Australia hopes to lure more of the vessels and their elite clientele, what do we know about this world?

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Visible from the footpath at the water’s edge, the superyachts berthed at Melbourne City Marina bob gently up and down, their sleek and shiny exteriors reflecting the placid waters below.

For me, and most people on this planet, this is about as close as we are likely to get to a superyacht. In Australia, that’s a pleasurecraft longer than 24 metres. Internationally, the starting length is 30 metres. The City of Melbourne recently spent $1.97m upgrading Victoria Harbour, including its four superyacht berths, to fit vessels up to 67 metres long. But for the tiny portion of the world’s ultra wealthy for whom superyacht size is a matter of concern, 67 metres is fairly moderate. The longest privately owned superyacht in the world is the 180-metre Azzam, reportedly built for the former president of the United Arab Emirates , the late Sheikh Khalifa bin Zayed Al Nahyan.

Superyachts are markers of power and extravagance. They are floating, transportable six-star hotels, capable of including everything from nail parlours to gyms, helipads and boardrooms, marble bathrooms and priceless art, as well as what the industry calls “toys” – from jet skis worth the equivalent of the average Australian worker’s salary to private submarines worth millions.

In a recent memoir, the longtime Australian seafarer and superyacht captain Brendan O’Shannassy writes: “Until space travel becomes a commercial reality, [superyachts] are the greatest display of wealth on the planet.”

For all their capacity to allow long-distance travel in extreme luxury, though, superyachts aren’t frequent visitors to Australian waters. The local industry has been lobbying to change that, and state and federal governments have made superyacht-friendly moves, hitching millions of dollars in public infrastructure upgrades and tax concessions to claims that these will bring millions in economic benefits to every port in which a vessel makes anchor.

But despite public money going towards establishing and upgrading infrastructure that is only accessible to the very privileged few, there’s been little public scrutiny of this elite industry.

S uperyachts are not super common, although their numbers are growing. Sales company Edmiston recently estimated that the global fleet comprised a total of 5,892 vessels – representing an increase of 44% over the last decade. Most of those yachts are between 30 and 50 metres (4,957); 13% are between 50 and 80 metres (753) and 3% are over 80 metres (182).

There are only about 120 superyachts owned by Australians, concentrated mostly around Sydney Harbour and south-east Queensland. About half of them are charter vessels. It’s likely all of them have, at some point, been through Captain Richard Morris’s hands.

Fresh off the plane from the Dubai Boat Show, Morris tells Guardian Australia that he got his start in the merchant navy at 17, before landing a job as a deckhand two years later on the 86-metre superyacht Nabila, owned by the influential and extravagant Saudi arms dealer, fixer and liaison of presidents and tycoons Adnan Khashoggi. Nabila was Khashoggi’s third yacht and the height of ostentatious luxury when it launched in 1980. Its 100 rooms included Italian hand-carved onyx bathrooms, a patisserie, a movie theatre, a hair salon, a hospital with an operating theatre, and 320 metres of Italian leather upholstery. When Khashoggi’s empire began to decay in the late 80s, he sold Nabila to Donald Trump for $29m – considered a bargain – with the businessman who would later become US president renaming the yacht the Trump Princess .

Morris, meanwhile, left Nabila after a year and began building his own career as a seafarer, becoming a captain at just 27 and a master mariner. He moved ashore in 1999 and was hired by NSW Maritime to build a new superyacht marina in Rozelle Bay.

“That was the beginning of superyachting in Australia,” Morris says. “Prior to that, only a few people here had superyachts, because there was the tall poppy syndrome – high net wealth Australians were reluctant to show their extreme wealth.”

The Sydney Olympics in 2000 changed that, Morris says. The marina development was partly to accommodate the super wealthy who were planning to bring their yachts down for the Games. Morris managed the marina for the next decade, before moving into local superyacht sales and charters.

The Sydney experience is one that the industry is keen to replicate for the forthcoming Brisbane Olympics. The mining magnate Gina Rinehart may have been lampooned by the public in 2021 when she complained that she had nowhere to moor her yacht in Brisbane , but the Queensland Labor government appears to agree it should invest in more superyacht infrastructure. It’s had a multiyear superyacht strategy since 2018, and in May last year it was updated and extended to take the Olympics into account.

Its listed achievements so far include $28m to upgrade the Cairns Marine Precinct, $2.87m for a 160-metre superyacht berth on the Gold Coast, and planning for 80-metre superyacht facilities and additional marinas in new developments on the Spit. Its stated goal is for Queensland to be “world recognised as the major superyacht hub in the Asia-Pacific region”. Economic modelling for industry lobby group Superyacht Australia argues the 2032 Games presents “an unparalleled opportunity to springboard the sector on to the global stage and demonstrate the prosperity the sector can support in Australia”. It hopes Australia will reach 8% of the global market – that’s 533 vessels – in the next three years, which it says will yield hundreds of millions of dollars in direct economic benefits.

Until just prior to the pandemic, superyachts could not come to Australia without the owner paying a hefty tax on the vessel, with the visiting multimillion-dollar vessels treated as though they were being imported permanently into the country. That changed with the passage of the Special Recreational Vessels Act 2019. The act, which relieves the owner of having to pay import duties including GST, was hitched as a rider to various unrelated bills by the Coalition government until it was passed as a standalone just before Christmas in 2019.

The legislation allows foreign vessels to be chartered while in Australian waters, with GST payable only on the charter itself.

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The then member for the Queensland seat of Dawson, George Christensen, claimed it as a pet project. “I have been very, very pushy in getting this legislation to come forward,” Christensen said at the time.

Christensen claimed the bill was “just about ensuring that local communities can get some of the coin that these people drop”. Labor passed the bill with minor amendments.

Since then, six superyachts have applied for a temporary licence, with just four making the trip.

‘It’s your world’

The industry estimates that the local market for superyacht charter or purchase is 1% of the population. It sees it as a subset of the cruise market, which is estimated to capture about 5% of Australians.

It’s hard to ignore the symbolism of that figure, the 1%. Morris’s anecdotes help to illustrate just how that plays out in practice. In 2011, the manager of U2 called him, he recalls, hoping to find a suitable superyacht for the band who were dissatisfied with the crowds at the Park Hyatt. (He was unable to find one that met the band’s specific desires.) That same year, Morris put up the actor Kevin Spacey in the 37-metre Tango during Spacey’s run as Richard III in Sam Mendes’s production that toured Sydney’s Lyric theatre.

“Dinner was at 1am and [Spacey’s] guests would leave at 4am. Then the yacht would move to Rose Bay and he’d sleep till midday, and then come back and do it all again,” Morris says.

“It’s an option for these very high-profile people. They’re anchored in the middle of the harbour. The level of security and discretion that a superyacht provides is much better than any hotel. They can control their world. And that’s the essence of yachting – it’s your world.”

When Covid lockdowns hit, owners of superyachts raced to their vessels, escaping up to the Great Barrier Reef instead of staying at home, Morris says. The associated freedom saw a boom in superyacht sales in 2021 . Since the onset of the war in Ukraine, however, superyachts have also become associated with sanctioned Russian oligarchs. Not without reason: they represented 30% of the global market. Documents recently revealed, for example, that the former Chelsea FC boss Roman Abramovich owned 16 superyachts , a full eight of which were support vessels for the 162.5-metre A$649.5m Eclipse he’d had built in 2010.

Morris says there were Russians who had planned to come to Australia prior to the war – one of whom was going to contract him to manage his yacht. It would have put millions through his business. The sanctions, though, have “put the fear of God through the industry”, he says.

“If I was managing a Russian yacht I would have gotten rid of it. It’s so lucrative, though, that a lot of people didn’t. I’m glad that the Russian client didn’t come. Sure, I missed out on huge revenue, but that’s not the point.”

T he 2032 Olympics aren’t the local industry’s only goal. Another is to bring more vessels to Australia to make use of the shipyards – mainly in Queensland and Western Australia – for maintenance, retrofitting and building. Another still is to increase the number of Australians joining the superyacht workforce.

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On Facebook groups like Superyacht Crew , keen industry up-and-comers post pictures of themselves – snorkelling, in uniform, sipping a glass of wine in a party dress – alongside their formal qualifications and experience. The semi-casual CV comes with added notes about the seafarer’s personality, including whether or not they have tattoos (being tattoo-free appears to be a selling point).

Employment standards, however, can vary. Commercially registered yachts available for charter, which usually have permanent captain and crew despite the rotating guest list, are bound by the Maritime Labour Convention 2006, which lays out minimum standards of employment, including legally enforceable contracts, maximum working hours per week, shore leave and annual leave entitlements, and the right to return to your country of residence for free. Enforcement of those standards is the responsibility of the country under whose flag the ship sails, and yachts chartering out of Australia need to be registered here.

Private yachts are a different story. They are not automatically covered by the Maritime Labour Convention, and employment contracts are often managed by owners’ personal office staff. Non-disclosure agreements are common, and rumours abound that upsetting the wrong people on board can see you unceremoniously dumped at the nearest port.

Superyacht crew in Australia are not covered by any union-based collective bargaining agreements. The Maritime Union of Australia national secretary, Paddy Crumlin, tells Guardian Australia that the MUA doesn’t have a real presence among the superyacht labour force, but alleges exploitation and harassment are rife. Morris vehemently rejects this, saying the working conditions on superyachts are “exceptional”, better than cruising or commercial shipping, higher paid, and far exceeding the minimums set by the Maritime Labour Convention.

Guardian Australia was unable to speak to any junior superyacht crew directly, despite attempts, but a survey of 402 superyacht crew members conducted by the International Seafarers’ Welfare and Assistance Network in 2018 described them as mainly well paid. More than 90% of survey respondents – male and female – said they felt safe on board, though 53% of female crew said they had experienced discrimination, harassment or bullying from owners, other crew or guests, compared with 30% of men, who most commonly experienced it from captains or other senior crew. The level of work-related stress was high, particularly among women.

No matter who ultimately owns them, private yachts are likely to be flying what the industry calls a “flag of convenience”, which can make standards harder to enforce, as the boat can spend very little, if any, time in its country of registration. Flags of convenience are a common maritime business practice, though, including in cruising and freight. And the results can be ironic: a cursory registry search of some high-profile private superyachts reveals, for example, that the mining magnate Andrew Forrest’s 58.2-metre Pangaea Ocean Explorer – which will shortly carry out environmental surveys on the DNA of ocean life, assisted by $3m in federal funding to Forrest’s Minderoo Foundation – sails under the Jamaican flag. Clive Palmer’s 56-metre $40m yacht, despite being patriotically named Australia , is registered in Malta.

Control, chameleons and seasick fish

What is it that draws the ultra rich to yachting?

“Control,” says David Good, the chief executive of industry peak body Superyachts Australia. “You can control the itinerary, who is on board and what food is going to be served. During the pandemic, when you were on board was probably the only time you could fully take control of who was going to be with you and your family. Covid was probably one of the best things that ever happened to boating in general.”

Sam Sorgiovanni concurs. He’s used to catering to the whims of wealth: a sought-after designer based in Western Australia with about 35 years of experience, Sorgiovanni estimates he’s designed at least 20 superyachts. The biggest challenges usually relate to balancing functionality with the budget constraints of the commissioner. But some design requests are more complicated.

For the Nirvana, Sorgiovanni says his company designed two onboard terrariums for chameleons, water dragons, turtles and frogs, and a separate cricket facility to breed the reptiles’ food. The terrarium included curtains to shield the animals from the disco lights of an adjacent salon. On Anastasia and Barbara – owned by the same Russian billionaire as Nirvana – the designers were asked to include fish tanks. Unfortunately, they later discovered, fish kept in a tank on a boat die – from seasickness.

The origin of most of the super wealth that fuels superyacht ownership is natural resources, Sorgiovanni says. But criticism of the industry, he says, echoing Morris, is “tall poppy syndrome”.

“Yachting is the greatest redistribution of wealth around. Although it is for the privileged few, if you take a 100-metre yacht, there’s 50 crew on board, they’re all being paid, they’ve all got families, and wherever that yacht goes, especially if we’re allowing them to come into charter, as soon as it pulls into port … it would be millions generated every time the vessel comes in,” he says.

“It’s a pyramid. We’ve got the yachts at the top, and a pyramid of suppliers underneath it.”

S altwater and air is hard on boats, and superyachts require a lot of money for upkeep, and a lot of maintenance. So when an owner abandons ship, the vessels suddenly become very large and very unwieldy public burdens.

In February, the government of Antigua and Barbuda claimed and put up for auction the 82-metre Alfa Nero, which it said had been abandoned in Falmouth Harbour since early last year. The owner is rumoured to be the Russian oligarch Andrey Guryev; Guryev has denied owning the yacht, according to other reports.

That same month, the 29-metre superyacht Nakoa broke free of its moorings in Honolua Bay in north-west Maui, Hawaii, and drifted before running hard aground in shallow water, peppered by rocks and reef.

The US Coast Guard seized jurisdiction of the yacht after its owner, the charter mogul Jim Jones, informed authorities that he would not organise or pay for the boat’s salvage. Hawaii’s Department of Land and Natural Resources said in a series of statements that Jones would instead receive a bill of at least US$460,000 for the salvage effort, and may face further penalties and possible legal action.

Facing widespread criticism, Jones told Honolulu media that he was “taking responsibility” for the matter. “We’ve been talking to the DLNR to let them know we’re not leaving them with the bill,” Jones said. “We’re not running.”

Timely and safe salvage was important to the local community but also to the environment. The grounding occurred just outside a significant marine conservation zone, and the yacht struck and damaged at least 30 corals and live rocks, its hull leaking diesel into the reef. Footage of the wreck circulated on social media, where commenters raged about the fuel seeping into the pristine water and the damage to the reef.

It took contractors three salvage attempts over nearly two weeks to dislodge the 122-tonne Nakoa. On 5 March, three tugboats managed to drag it back into the water. As they set off to tow the yacht to Honolulu, a pod of humpback whales surfaced and escorted the boats out of the bay, away from the marine sanctuary.

The Nakoa never made it back to dock . Halfway to Honolulu, the yacht began listing heavily. Unable to be dragged any further, it was scuttled in the deep channel between the islands of Maui and Molokai, and left to sink to the ocean floor.

The whales swam on.

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Dillon1018 Member

Does anybody have pics of the exterior and interior of Kingdom 5KR preferably when she was Nabila. I think that she looked much better before both refits…..The first being as Trump Princess and the Second being Kingdom 5KR. Thanks !!!!!!

pierberio New Member

try to type "Nabila yacht interior"...................... I don't know if I can quote the website. in my computer is the third image, click and open the page. It's Nabila. (I have a pair of magazines of the period with the same photos. Good vision.

Ocean Member

Initially she had colour-scheme of grey hull and white superstructures. Was names after the owner's (Adnan Kashoggy) daughter. If you are interested can send her photo to you as well, but so far send you the Yacht photo in her initial view.

Attached Files:

ychtcptn Senior Member

This would be good to add to the Trump Princess thread but it is locked. Interesting article with pictures and floor plans. https://books.google.vg/books?id=tO...sc=y#v=onepage&q=trump princess yacht&f=false

Titch New Member

When she was Nabila, the (Filipino) crew would every morning emerge with a sheep, walk it to the front of the boat, tie it to a designated post, and slit its throat, leaving it to bleed away for Kosher needs. .......Later dutifully returning to hose down the blood. It's not a pleasant ritual to witness. Not in Monte Carlo. Kashoggi owned the boat at the time and stayed on board with his then young son.

Fishtigua Senior Member

When I was a young man, I used to be the marine superintedent of the Mill Reef Club, a very, very exclusive residential complex in Antigua. They owned the land, golf club, marina and of cause a private island, Green Island. The Trump Princess dropped anchor right in the middle of the tiny bay, pushing out the smaller sail boats anchored there. They ran tenders hither and thither, jetskis and waterskis everywhere. Generally being a PITA. Both Mrs. Mellon and Mrs. Macy phoned me and asked if I could move them away for spoiling it for everybody? I gladly accepted the challenge. The young Lady Astor, always game for a laugh, joined me as crew on the Boston Whaler to go and tell Trump to, in her words, "P*ss off". There, on the aftdeck, was Ivana swanning around in her ridiculous leopard print swimsuit and cape, wearing huge sunglasses and the brightest red lipstick. As I pulled-up to the portside gangway I was met by the 1st Mate, Ian Insull, an old mate of mine. I said in a loud voice "May I speak to the Captain, please"? I got a thumbs-up from Ian and he went off to get the skipper. Now the skipper was an old family friend, John Bardon, who used to borrow my Dad''s old wooden sloop to go sailing, to restore his sanity away from superyachts. John came to the bottom of the ladder and said "They've been a bloody nightmare this week, Dave. I told him we shouldn't anchor here but he insisted. I'll see what I can do to move". With that, he went and told Donald that they had to move. Half an hour later, they upped anchor and left the bay. The club members were pretty impressed with what I'd achieved, I didn't tell them I knew the crew, and had a jolly nice dinner or two from it. Yes, I'm very proud to say it. That was the day I told Donald Trump to P*SS OFF and he did.

Hahaha thank you for sharing such a fun story. ! Very well dealt with too. I guess that would be construed as a quality problem

captholli Senior Member

Titch said: ↑ When she was Nabila, the (Filipino) crew would every morning emerge with a sheep, walk it to the front of the boat, tie it to a designated post, and slit its throat, leaving it to bleed away for Kosher needs. .......Later dutifully returning to hose down the blood. It's not a pleasant ritual to witness. Not in Monte Carlo. Kashoggi owned the boat at the time and stayed on board with his then young son. Click to expand...

Chuckybas Member

Fish! This is a great story! Definitely a feather in your cap. Does it rank in your top 5 best moments in the industry? Best moment or maybe best story? I'd be really pleased if it was me.

Chuckybas said: ↑ Fish! This is a great story! Definitely a feather in your cap. Does it rank in your top 5 best moments in the industry? Best moment or maybe best story? I'd be really pleased if it was me. Click to expand...

Fishtigua said: ↑ Chuck, he was a vile man even before his GOP run. The vileness is now shining through for everyone to see. Nope, he barely makes my top 10. He doesn't even own his own country yet. Click to expand...

RER Senior Member

Chuckybas said: ↑ While I am not against picking on him AT ALL, I would imagine a lot of personalities in that income level are full of ego and demands when they are on (very high profile) vacations. The stories you could tell... Click to expand...

nmna Senior Member

Mr. Khashoggi has passed away, aged 81.

nmna said: ↑ Mr. Khashoggi has passed away, aged 81. Click to expand...

DBowman78 Senior Member

Gage Rowden Active Member

A lot of history behind this yacht. Unfortunately doesn't do a lot of traveling anymore. Hardly any.

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Serial yacht owners: Trump princess

Donald Trump has just stunned the world by becoming President-Elect of the United States. The American billionaire’s impact on the yachting industry traces back to the late 1980s with him commissioning the world’s largest yacht and buying a shipyard.

Here is the list of yachts that Donald Trump owned, according to Yachtharbour .

The 86-meter Nabila was delivered in 1980 by Benetti to Saudi businessman and arms dealer, Adnan Khashoggi as the 8th largest yacht in the world. In 1983, the megayacht appeared in the James Bond movie, Never Say Never Again .

When Khashoggi however ran into financial problems himself, the Sultan of Brunei took possession of the boat to cover one of Khashoggi’s loans. The Sultan quickly flipped it to Donald Trump for a reported $29 million in 1987. In 1988, Trump said he got a $1 million discount for renaming the boat and not calling it Nabila , the name of Khashoggi’s daughter.

After acquiring the Nabila , Trump renamed the yacht to Trump Princess and had it refitted by Holland-based, Amels for near $10 million according to the LA Times . The H on the helipad was also replaced by a T to stand for Trump.

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 all together. 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, the 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.

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Epic video footage captures Lamborghini yacht owner screaming ‘I will kill you’ at marina employee

• Updated: Mar. 20, 2024, 5:51 p.m. |
• Published: Mar. 20, 2024, 5:44 p.m.

A screenshot of the yacht and its owner, Ajay Thakore. Screenshot

• EmilyAnn Jackman | [email protected]

Talk about a bizarre scene that could’ve been pulled straight from a movie.

The owner of a $3.4 million Lamborghini yacht threatened a private dock employee after he was informed that he couldn’t be there, CBS8 reported back on March 11.

The story begins with Joseph Holt, a 21-year-old employee at Marriot Marina in San Diego, where he told CBS8 that he saw the yacht sailing into the private dock Sunday afternoon. Apparently, the owner, identified as Ajay Thakore, attempted to pick up another person at the dock.

“I told him respectfully that he couldn’t be there, and I honestly was hoping to have a conversation with him about his cool boat,” Holt said to the news outlet.

“But yeah, it completely went the other way,” Holt added.

Captured on a video that was posted to YouTube by @SM-wc9eq on March 10 was an embarrassing verbal confrontation between Holt and Thakore, in front of a host of onlookers.

A dark blue Tecnomar for Lamborghini 63 can be seen sailing out of a dock. Standing on the end of the yacht was a man sporting a gray shirt, jeans, and a cap.

The man seen in the video footage was seemingly the local business owner and philanthropist, screaming at the young man as the yacht sailed away.

Thakore was seen threatening his life, shouting at Holt, saying, “I will kill you, you know I will kill you!” He can be heard repeating himself multiple times in the video.

Thakore can be seen pounding his fists on his palm and pointing his thumb down, and telling Holt, “To your face!”

This caused Holt, who is standing on the dock, to respond with hoisting his middle finger in the air, directed at Thakore. Thakore’s screams can be heard echoing through the arena.

“It escalated immediately. It was 0 to 100 immediately,” he said to the outlet.

“I really was trying to restrain myself from getting fired from my job or stepping out of line. The only thing I did was give him the bird,” he added.

Holt said Thakore went as far as to take $100 bills from his wallet and throw the money at him, which landed in the water, and even dropped his pants and mooned him.

“[He] started to make gestures to everybody watching and me. You can’t act that way in public. It’s just not ok. Especially threatening my life, at the very least. There were women and children there. That’s the most important part,” Holt told the news outlet.

Unfortunately, the lewd act wasn’t caught on video.

“I’m a minimum wage worker, he was commenting on that, on my status just because of my job. He was saying I’m nobody, I’m nothing, I work a silly job. He said that he knows people, he has connections, he can change my life and ruin it,” Holt said.

The San Diego Harbor Police reported to the scene 10 minutes later.

Thakore, who goes by the name Ace Rogers on Instagram and TikTok and has a LinkedIn page stating that he’s the CEO of Doctor Multimedia, a healthcare marketing firm based in San Diego, had his public relations team provide a statement to CBS8, saying that he regrets the altercation.

“What started as a minor misunderstanding escalated into an argument, and I apologize for my actions and to those who witnessed the unfortunate exchange,” the statement said.

Stories by EmilyAnn Jackman

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The owner of a $3.4 million Lamborghini yacht screamed 'I will kill you' and threw $100 bills into the water when told he couldn't use a private dock

• The owner of a Lamborghini yacht threatened a private dock employee, per CBS8.
• The employee said Ajay Thakore mooned and threw cash at him after being told he couldn't use the dock.
• Thakore, the CEO of Doctor Multimedia, issued an apology through his public relations team.

The owner of a $3.4 million Lamborghini yacht threatened a private dock employee after being told he couldn't be there, the San Diego-based broadcaster CBS8 reported on March 11.

Joseph Holt, a 21-year-old employee at Marriot Marina in San Diego, told CBS8 that he spotted the yacht sailing into the private dock. The owner, whom CBS8 identified as Ajay Thakore, tried to pick another person up at the dock, Holt said.

"I told him respectfully that he couldn't be there, and I honestly was hoping to have a conversation with him about his cool boat," Holt told CBS8.

In a YouTube video posted by @SM-wc9eq on March 10, a dark blue Tecnomar for Lamborghini 63 is seen sailing out of a dock. A man in a gray T-shirt, a pair of jeans, and a cap was shown standing on the yacht. The man appeared to be Thakore, per CBS8.

Thakore was shown shouting at Holt. "I will kill you, you know I will kill you!" he can be heard saying multiple times in the video

Thakore was later shown pounding his fist on his palm and pointing his thumb down before telling Holt: "To your face!" Holt was shown responding by pointing his middle finger at Thakore.

"I really was trying to restrain myself from getting fired from my job or stepping out of line. The only thing I did was give him the bird," Holt told CBS8.

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Holt said Thakore then took $100 bills from his wallet and threw them at him. He added that Thakore mooned him. This exchange was not shown in the video.

"He was saying I'm nobody, I'm nothing, I work a silly job. He said that he knows people, he has connections, he can change my life and ruin it," Holt said. Holt did not immediately respond to Business Insider's request for comment.

The San Diego Harbor Police arrived at the marina 10 minutes after Thakore's yacht exited the dock, per CBS8.

The Harbor Police told Business Insider that Holt decided to press charges against Thakore and that they are investigating the incident.

According to Thakore's LinkedIn page , he's the CEO of Doctor Multimedia. The company's website shows that it's a healthcare marketing firm based in San Diego. Thakore appears to go by the name Ace Rogers on Instagram and TikTok, where he's noted as being a professional gambler.

Thakore, through his public relations team, told CBS8 in a statement that his altercation with Holt was "regrettable."

"What started as a minor misunderstanding escalated into an argument, and I apologize for my actions and to those who witnessed the unfortunate exchange," the statement said. Thakore did not immediately respond to a request for comment from BI.

Thakore isn't the only CEO who's been called out for threatening another person. In November 2021, an Activision spokesperson told BI that its ex-CEO Bobby Kotick had previously apologized for telling his assistant he would have her killed. The spokesperson added that Kotick's threat was "obviously hyperbolic and inappropriate" and that "he deeply regrets the exaggeration and tone."

In June 2020, Lisa Alexander, the CEO of LaFace Skincare, a cosmetics company, apologized in a statement to the media after she had threatened to call the police on her neighbor for writing "Black Lives Matter" on his property. Alexander said in the apology that she was "disrespectful" and "should have minded my own business."

March 21, 2024: This story has been updated with Harbor Police's comments.

Watch: The scariest things OceanGate's CEO said about deep-sea diving

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KINGDOM 5KR

KINGDOM 5KR is a 85.9 m Motor Yacht, built in Italy by Benetti and delivered in 1980.

Her top speed is 20.0 kn and she boasts a maximum range of 8500.0 nm when navigating at cruising speed, with power coming from two Nohab Polar diesel engines. She can accommodate up to 22 guests in 11 staterooms, with 31 crew members. She has a gross tonnage of 1768.0 GT and a 13.23 m beam.

She was designed by Jon Bannenberg Ltd. , who has designed 40 other superyachts in the BOAT Pro database.

The naval architecture was developed by Benetti , who has architected 374 other superyachts in the BOAT Pro database, and the interior of the yacht was designed by Luigi Sturchio , who has 11 other superyacht interiors designed in the BOAT Pro database - she is built with a Teak deck, a Steel hull, and Aluminium superstructure.

KINGDOM 5KR is in the top 5% by LOA in the world. She is one of 65 motor yachts in the 80-90m size range, and, compared to similarly sized motor yachts, her cruising speed is 2.06 kn above the average, and her top speed 1.64 kn above the average.

KINGDOM 5KR is currently sailing under the Saudi Arabia flag (along with a total of other 12 yachts). She is known to be an active superyacht and has most recently been spotted cruising near Italy. For more information regarding KINGDOM 5KR's movements, find out more about BOAT Pro AIS .

Specifications

• Name: KINGDOM 5KR
• Previous Names: NABILA,TRUMP PRINCESS,KINGDOM
• Yacht Type: Motor Yacht
• Yacht Subtype: Displacement
• Builder: Benetti
• Naval Architect: Benetti
• Exterior Designer: Jon Bannenberg Ltd.
• Interior Designer: Luigi Sturchio
• Refits: 1993-01-01

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