Canadian billionaires lead the way as superyachts arrive in Monaco for F1 grand prix

The absence of Russian superyachts means Michael Lee-Chin’s and Lawrence Stroll’s vessels are the largest this year

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Canadian billionaires Michael Lee-Chin, who is also Jamaican, and Lawrence Stroll are leading the way with their massive superyachts arriving in Monaco ahead of the Formula One Grand Prix.

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Topping the list of largest superyachts is the 377-foot Ahpo, reportedly owned by Lee-Chin. The investor’s net worth is around $1.8 billion, Forbes reported.

The yacht, designed by Nuvolari Lenard studio, is said to have six decks, a full gym, beauty salon, spa, swimming pool, jacuzzi, dance floor and movie theater, according to the publication autoevolution.

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Coming in second place at 317 feet long is the Faith, owned by Canadian fashion entrepreneur Lawrence Stroll, whose son Lance drives for the Aston Martin F1 team. Lawrence Stroll’s net worth is $2.9 billion, Forbes reported.

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The yacht came with a US$200 million price tag. It can host up to 18 guests and has nine staterooms, according to Yacht Bible. It has indoor and outdoor fireplaces in the private owner’s deck, a movie theater, gym, a wine cellar and a wellness area.

The nearly 100-year-old annual race is expected to see some showers over the next couple of days, though it’s not expected to deter the floating party scene. More than 80 super yachts, at a combined length of 4.5 kilometers (2.8 miles), are already clustered off the tiny city-state in the French Riviera, with more likely en route.

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The superyacht world was thrown into turmoil following Russia’s invasion of Ukraine and the sanctions placed on billionaire Russian oligarchs.

More than a dozen yachts worth over US$2.25 billion have already been seized. The seizures have sent the luxury vessels racing across oceans to locales that aren’t as likely to impose or enforce sanctions. Some have logged more than 5,000 nautical miles since the start of the invasion in February.

One of the biggest superyachts, Eclipse, owned by Russian billionaire Roman Abromavich, is 533 feet and would have towered over Lee-Chin’s vessel; However, it was notably absent in Monaco.

One of the first yachts seized, Dilbar, owned by another Russian billionaire Alisher Usmanov, would have also towered over the other vessels in Monaco, at 512 feet. It was impounded by German authorities while it was undergoing repairs, Page Six reported in March. Since then, other yachts and even private jets owned by Russians with connections to President Vladimir Putin have been seized.

The absence of Russian superyachts pushed the two Canadians into the lead for largest yacht — although the country with the most was Greece, closely followed by the United States and France. Russia did not make Bloomberg’s superyacht leaderboard.

With additional reporting by Bloomberg

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