$120 million luxury yacht podium arrives at Santa Cruz Port


  • 21-10-2024
  • Tenerife
  • Canarian Weekly
  • Photo Credit: Superyacht Fan
$120 million luxury yacht podium arrives at Santa Cruz Port

Santa Cruz de Tenerife port is currently home to one of the most impressive sights in luxury yachting, the 72-metre-long superyacht Podium, drawing the eyes of many for its sheer size and opulence. This exclusive yacht, owned by American billionaire Roger Penske, well-known in the automotive and motor racing industries, stands out not only for its luxurious design but also for its staggering price tag, valued at approximately $120 million.

Built by the renowned Dutch shipyard Feadship and designed by the prestigious British studio RWD, Podium is a prime example of advanced technology, elite craftsmanship, and sophisticated design. The yacht’s annual maintenance bill alone is estimated at $12 million, highlighting the immense financial power required to own and operate such a vessel.

An Exclusive Floating Palace

The Podium is designed for ultimate luxury, providing accommodation for up to 12 guests across six elegant cabins, with a dedicated crew of 14 ensuring every need is met at the highest standard. The yacht's interior, meticulously designed by RWD, blends style and comfort, offering guests an unparalleled experience on the open sea.

Equipped with powerful Caterpillar engines, the yacht can reach a top speed of 18 knots, with a cruising speed of 14 knots, ideal for long-distance journeys. With a range of over 4,500 nautical miles, Podium allows its owner to explore all corners of the world in comfort and style without needing frequent refuelling stops.

A Symbol of Elite Luxury

While the arrival of the Podium has fascinated onlookers and nautical enthusiasts alike, it remains a stark reminder of the unattainability of such luxury for most. Not only is owning a yacht like this out of reach for the vast majority, but even dreaming of spending a night aboard is unrealistic for many. The yacht is neither available for rental nor sale, further emphasising its elite status.

The presence of Podium in Santa Cruz has turned heads, offering a glimpse into the world of superyachts, a domain reserved for billionaires like Penske, whose immense success has granted him access to a lifestyle that only a few can imagine.

For the average person, the Podium represents a distant world of extreme wealth, where the price of owning and maintaining such a vessel far exceeds the financial capabilities of even small companies. Despite its inaccessibility, the Podium continues to captivate, standing as a symbol of the exclusivity that defines the world of superyachts.

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