For a boat to be a yacht, it has to carry certain features, and it's more expensive than other boats. Ongoing maintenance and other costs make boat ownership more expensive than many anticipate.

Calder said. “We also wanted a boat with stabilizers that make it easier to handle rough seas, because old trawlers tend to roll in big seas. Adding those could cost $80,000 to $100,000.” ...

So they used the Navy's relocation allowance to cover the cost of having the boat shipped from Rhode Island to California. A year later, they still think that it was the right choice. In an ...

Michael Jordan has built a baller legacy with baller money, and with it he’s not afraid to flex his baller lifestyle.

Jeff Bezos and Lauren Sánchez’s Venice wedding promises luxury, A-list guests, and a stunning venue. Get the latest details here!

The state will bill the yacht’s owner for reimbursement of the $460,000 salvage cost and for additional staff and administrative costs. It said it will take legal action if necessary.