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Why Do Rich People Buy Yachts?

4. Status symbols.

Why Do Rich People Buy Yachts?

The yachts are big status symbols, which is the primary reason. The Emir of Abu Dhabi allegedly had the Azzam, while Steve Jobs had Venus, Paul Allen had Octopus, Roman Abramovich had Eclipse, and Steve Jobs had Venus (complete with its own submarine and missile defense system).

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