Apparently, the size of one’s yacht determines the enormity of their status among the superrich, Fox News reports.
The “mine is bigger than yours” game is a competition of sorts that will carry on until another benchmark criterion is established to access prominence. Privacy and entertaining are the two reasons cited most often by owners, along with status, as to why larger mega yachts are being launched all the time.
Merjin de Waard, editor of SuperYachtTimes.com, says [that] access to those types of luxuries is just one of the reasons why the super-rich need a ship that large. He also lists “privacy, more guest accommodation” and of course, “status.”