British billionaire lists his 246-foot yacht for $150.66M

Real Estate

A hedge fund billionaire striving for even greater decadence has listed his old megayacht for sale. 

Apparently not satisfied with his sprawling mansion at sea, British banker Michael Platt has put his 246-foot ship Arrow up for sale to the tune of $150.66 million. 

(In contrast, the average Manhattan street is roughly 264 feet long.)

The listing comes as the 54-year-old financier collaborates on an even bigger boat with the Dutch shipyard Feadship, Bloomberg reported

According to a source familiar with the man’s yacht holdings, the next vessel will be 360 feet long, or 51 feet taller than the Statue of Liberty. 

Meanwhile, the comparatively plebeian Arrow will soon be on display at the Palm Beach International Boat Show. 

Although diminutive in comparison to the beast of a boat the UK’s second-richest person has in the works, Arrow will be the largest yacht on display at the show, according to Bloomberg.

The vessel has six staterooms, a movie theater, a massage room and a bar-equipped sky lounge. 

Built in 2020, the steel and aluminum boat has a “sleek exterior with amazing glass bulwarks” and a “masculine interior,” according to its Fraser Yachts listing.


arrow superyacht michael platt
An aerial view of the ship.
Feadship

arrow superyacht michael platt
The billionaire is moving on to even bigger things, such as a yacht that’s even larger.
Feadship

arrow superyacht michael platt
The Arrow is now available for the first time on the sales market.
Feadship

There’s a gym, an elevator, a sun deck with a hot tub and “sunbathing areas” aplenty — and an owner’s suite with an office and dressing room.

Oh, also, there’s a beach club with two foldable balconies, another bar, a sauna, a dive store and a “toy area.” 

In addition to upgrading from the excessive luxury of his current seafaring situation, Platt is also planning on making his living quarters even more unfathomably deluxe.  

His Central Park South penthouse, it would appear, no longer pleased the man — who the Bloomberg Billionaires Index values at $11.2 billion — so he recently listed it for $21 million. 

Now, Bloomberg reported, he plans to move to a full-floor unit nearby in Central Park Tower. 

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