Down in the Water

"CarsofFortLangley - Oppo Forever" (carsoffortlangley)
06/04/2018 at 15:40 • Filed to: None

This is the Kogo, a Cayman Island flagged yacht worth $80M which was previously owned by one of the owners of the McLaren F1 team and owner of TAG watches. It’s now owned by Billionaire Samuel Tak Lee a Hong Kong based property developer (of course, it’s Vancouver).

It has been fueling up for the last 6 hours (takes 202,000 litres) which can’t be cheap to fill.

It’s a nice boat to be sure, but I think I could find more creative ways to blow $80M

DISCUSSION (35)

PartyPooper2012 > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:45

my boss has a yacht. Nowhere near that size. Every day he comes in and bitches how all sorts of crap is broken and how boats are money pit and how he needs a new one ... then he starts looking at boats. looks at me and says you need a boat. I say - yeah. you make it sound soooo appealing.

I am with you in that I can find better ways to spend money. Boats, golf and few other things I can certainly live without.

CarsofFortLangley - Oppo Forever > PartyPooper2012
06/04/2018 at 15:47

Boats, show cars, golf all that kind of shit does not appeal to me.

I’m 26. I could never imagine having enough money to decide to blow some on any boat or a single round of golf.

MasterMario - Keeper of the V8s > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:51

I think I could find more creative ways of spending the $250k PLUS that he’s paying for fuel.

Good, it’s depressing how rich some people are

bob and john > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:51

202,000 liters....jesus christ

For Sweden > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:52

Maybe he should have invested in a decent engine instead of a yacht.

merged-5876237249235911857-hrw8uc > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:52

That’s a whole other world compared to how I live. Fun fact, they say a boat like that costs 10% of its value to operate it for the year. So $8 million a year to operate that beast. And that’s not likely including the fees to dock it at different ports, which I’m told can be in the 10’s of thousands, just to dock it for a short time. I can’t even imagine...

For Sweden > PartyPooper2012
06/04/2018 at 15:53

If you complain about the cost of a boat, you can’t afford a boat.

Spanfeller is a twat > merged-5876237249235911857-hrw8uc
06/04/2018 at 15:56

Having a yacht is about excess, I bet half of the reason they bought it was solely to spend money.

AntiSpeed > PartyPooper2012
06/04/2018 at 15:58

I’d imagine if you have an $80million yacht you probably have staff to make sure it’s available and ready to go whenever you show up.

wafflesnfalafel > CarsofFortLangley - Oppo Forever
06/04/2018 at 15:58

Interesting - wonder if he is involved with property development in Vancouver too.

sm70- why not Duesenberg? > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:01

I like it

merged-5876237249235911857-hrw8uc > Spanfeller is a twat
06/04/2018 at 16:02

Yeah it’s all relative really. Good for them that they can blow that kind of cash.

PartyPooper2012 > AntiSpeed
06/04/2018 at 16:02

yeah. probably... but still. it isn’t a thing that appeals to me.

It’s most fun to be on a yacht that doesn’t belong to me. Get on. Have fun. Get off. go elsewhere.

Spanfeller is a twat > merged-5876237249235911857-hrw8uc
06/04/2018 at 16:04

It’s actually sort of disgusting, but yeah... good for them I guess.

Also, they should register their boat in England or Canada, not the Cayman Islands.

Danimalk - Drives a Slow Car Fast > PartyPooper2012
06/04/2018 at 16:05

The 2 happiest days of boat ownership are the day you buy it and the day you sell it.

PartyPooper2012 > For Sweden
06/04/2018 at 16:06

I’m not complaining about the cost of the boat.

For Sweden > PartyPooper2012
06/04/2018 at 16:06

I know you are not

PartyPooper2012 > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:07

you’re young. You may change your mind once you have excess money sitting around

CarsofFortLangley - Oppo Forever > AntiSpeed
06/04/2018 at 16:10

21 full time staff

CarsofFortLangley - Oppo Forever > bob and john
06/04/2018 at 16:11

At higher than normal Vancouver prices. The floating Chevron he’s filling it at is usually 5-10 cents higher than a land based station

CarsofFortLangley - Oppo Forever > For Sweden
06/04/2018 at 16:12

Engines probably.

CarsofFortLangley - Oppo Forever > PartyPooper2012
06/04/2018 at 16:13

I honestly doubt that will ever happen. A house is minimum 900K here.

AestheticsInMotion > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:14

I wonder how long the full tank lasts him

CarsofFortLangley - Oppo Forever > AestheticsInMotion
06/04/2018 at 16:16

Couldn’t find that info, probably enough to cross either the Atlantic or Pacific with range to spare

fintail > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:17

And us plebes are supposed to feel like we are killing the planet if we get 15 mpg. lol

But at least this is HK money rather than mainland money, so it is slightly less sketchy.

Party-vi > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:17

Just gimme a vintage Chris Craft and I’m good.

Turbineguy: Nom de Zoom > CarsofFortLangley - Oppo Forever
06/04/2018 at 16:53

Over 53,000 gallons. Yikes.

Having owned powerboats, I never saw the attraction to something that big. If I can’t take it out by myself (with one person to handle lines) then it’s too big. But I guess if you need to entertain 50-100 people on the water it’s just the thing.

CarsofFortLangley - Oppo Forever > Turbineguy: Nom de Zoom
06/04/2018 at 17:01

If you’re worth 4 billion USD, I guess it doesn’t bother you much.

gmctavish needs more space > wafflesnfalafel
06/04/2018 at 18:15

Considering Vancouver is the village bicycle when it comes to development, I’d bet on it

gmporschenut also a fan of hondas > PartyPooper2012
06/04/2018 at 22:17

Bill

Out

Another

Thousand

Spasoje > wafflesnfalafel
06/05/2018 at 01:13

It’s just too perfect for him not to be involved...

PartyPooper2012 > CarsofFortLangley - Oppo Forever
06/05/2018 at 06:35

When my parents bought their first house, I looked in awe and thought to myself... how in the fuck... but the thing is... no matter at what point in time, you buy... and few year later you look back and say... that was cheap...

Say 20 years ago that 900k house was... how much? 200? 300?

merged-5876237249235911857-hrw8uc > Spanfeller is a twat
06/05/2018 at 11:21

Yeah, I can’t say I’d do the same if i has that kind of money, that money could go a long way to helping folks out.

Spanfeller is a twat > merged-5876237249235911857-hrw8uc
06/05/2018 at 11:28

I have a theory that there should be a cap in assets (there are about a million reasons it wouldn’t work but meh), like, you can live a life full of excess for 70 million dollars, any earnings after that should be taxed at 100% because it’s a market inefficiency. The fact that a country like mine (poor, unequal) celebrates a disgusting, corrupt billionaire like Carlos Slim is bewildering and worthy of study to correct.

merged-5876237249235911857-hrw8uc > Spanfeller is a twat
06/05/2018 at 21:21

A good 50-60% tax rate would be good, but don’t allow any tax breaks for any reason after a certian income threshold. That might help things along as well.