Russian Billionaire Launches His $350 Million Mega Yacht

Mega yacht “Eclipse” 

Roman Abramovich’s most-awaited mega yacht “Eclipse,” touted as the world’s biggest yacht, has finally made a preliminary launch at the Blohm & Voss shipyard in Hamburg, Germany where it was built secretly for more than two years. The 170-meter yacht (557.6 feet) will feature 2 heli-pads, 20 water jets, a pool with large Havana bars surrounding it, a cinema, library, restaurant, private garden, 5,000-square-feet master suite, a private submarine boarding from the bottom of the yacht for a secret escape, and a missile-detection system to deflect pirate attacks safely. The 9-deck megayacht has at least five possible exits, which literally makes it the safest yacht ever built.

This 557-foot Eclipse has literally eclipsed all other vessels, including the 525-foot vessel “Platinum 525” owned by the Crown Prince of Dubai, earlier known as world’s biggest yacht. The $350 million mega yacht will undergo further construction and will be delivered to her owner in 2010.

This Russian oligarch has lost more than half his fortune in the past year, which made him slip down to #51 spot on the prestigious Forbes World’s Billionaires 2009 list. Forbes reports that the loss in his wealth was mainly due to disastrous performance of Russia’s second biggest steel company, Evraz, in which he has a large stake. In fact, the Russian government had to loan Evraz money so it could pay a tax bill in the fourth quarter of 2008; but none of it had any effect on this billionaire’s ostentatious lifestyle. Recently, the tycoon was spotted at the VIP preview of Art Basel. Though we believe if you earn your money legally, you are entitled to spend it however you want, considering it’s the taxpayer’s money that bailed him out, this much-awaited launch comes at the wrong time, when most of the American people have lost their retirement funds due to the recession.