Jeff Bezos - now that is a name that no one will forget for a long time to come, not only because of the sheer amount of wealth he has accumulated over the past two years but because of the fact that this man continues to use his growing wealth in interesting ways. You clicked on this article so you know exactly what we're talking about.

AP | We'd only just wrapped our heads around the "commercialization of space" - and there's more already

Well, this time Mr. Bezos' big purchase is a yacht - and not just any yacht but a $500 million megayacht.

What Has Bezos Been Up To?

Before jumping into the details about the megayacht, it would be unfair to not discuss Jeff Bezos’s previous endeavors. Bezos is your next-door-neighbor-turned-billionaire who created Amazon from his parent’s basement. And that's not all. He has many other businesses like Blue Origin which is working to expand the human horizon beyond the world you know and see.

Then there's also Bezos Expeditions, an investment company, as well as Altos Labs, which is a biotechnology company working for longevity therapeutics. Don’t you think that the megayacht sounds underwhelming now?

For Bezos, With Love, Netherlands

While Bezos has big plans for space, let’s discuss what he’s been up to on earth. The business mogul commissioned this superyacht in 2018 and it was reported to be priced at $500 million, breaking world records left, right, and center. This yacht is named Y721 and it is being customized by Dutch Builder Oceanco. There have been reports that the vessel of all vessels was seen in Zwijndrecht, Netherlands last week.

Market Herald | The megayacht will soon head to Alblasserdam for a final fitting

The Y721 is said to be the biggest sailing yacht in the world as it sits at 417 feet in length and is said to be the longest yacht to be built in the Netherlands. This yacht is going to redefine and rewrite the definition of luxury, as you know it. Equipped with the latest technology, advanced machinery, and finest design, the megayacht will set the standard for others to follow. As for now, only Jeff Bezos will enjoy this one.

The Black Pearl

The yacht takes inspiration from Oceanco’s famous model, the Black Pearl. The company calls it the most ecological sailing yacht in the world and the one thing that sets it apart is the fact that it can travel around half the world without burning a liter of fossil fuel - now that is truly impressive.

Market Herald | Once it is shipped to Alblasserdam for the final fitting, the yacht will be ready for Bezos in a year

Though there is not much information on the yacht, it sure sounds impressive. What do you think of Bezos’ superyacht?