Monday, September 15, 2025
Tenerife Weekly
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact
No Result
View All Result
Tenerife Weekly
No Result
View All Result
Home Diario de Avisos

The 120 Million Dollar Plaything of a U.S. Billionaire

October 20, 2024
in Diario de Avisos
Reading Time: 2 mins read
0
The 120 Million Dollar Plaything of a U.S. Billionaire
3
SHARES
Share on FacebookShare on Twitter

The port of Santa Cruz de Tenerife has recently welcomed the impressive yacht Podium, a vessel that, measuring 72 metres in length, stands out not only for its scale but also for the exclusivity and opulence it embodies. Crafted by the esteemed Dutch company Feadship and fashioned by the distinguished British design firm RWD, the yacht epitomises the pinnacle of elegance, cutting-edge technology, and superior craftsmanship.

The Podium is under the ownership of American billionaire Roger Penske, a prominent figure in the automotive and racing sectors. Valued at around €120 million, maintaining this floating marvel necessitates an annual budget estimated at about €12 million, sums that render it unattainable for the majority of the populace.

This magnificent yacht is designed to provide both comfort and luxury on board, with the capacity to accommodate up to 12 guests in six cabins, alongside a crew of 14 dedicated solely to offering the utmost level of service. The interior, elegantly styled by the RWD team, combines sophistication with comfort, crafting a unique experience at sea.

Impressive Technology and Design

Fitted with robust Caterpillar engines, the Podium can achieve a maximum speed of 18 knots while maintaining a cruising speed of 14 knots, ideal for lengthy journeys. With a range exceeding 4,500 nautical miles, this vessel can traverse vast distances without the necessity of refuelling, providing its owners with the liberty to explore any part of the globe in utmost comfort.

The luxury and exclusivity of this yacht starkly contrast with the economic realities encountered by many, rendering it a symbol of the inaccessibility of opulence. For the majority, not only is acquiring a vessel with such features unfeasible, but even the idea of spending a night on board is well beyond reach. A voyage on a luxury yacht like the Podium is unavailable for charters or sale, further accentuating its elite status.

An Unattainable Luxury for Most

The presence of Podium in the port of Santa Cruz has drawn the attention of onlookers and enthusiasts of the maritime world, who cannot resist admiring its sleek design and imposing stature. However, for many, these types of yachts represent a distant reality, a symbol of the exclusivity that typifies the superyacht industry.

With an estimated price tag of over €120 million and an annual operational cost that could overshadow the budgets of small enterprises, the Podium serves as a tangible reminder that nautical luxury remains the exclusive domain of billionaires like Penske, whose accomplishments in business have afforded him a lifestyle that few can even conceive.

Related Posts

The Excitement for Cristo Fills the Streets of La Laguna
Diario de Avisos

The Excitement for Cristo Fills the Streets of La Laguna

September 14, 2025
The Government to Reclaim Funds from Añaza Lodge for the Masonic Temple in Santa Cruz de Tenerife
Diario de Avisos

The Government to Reclaim Funds from Añaza Lodge for the Masonic Temple in Santa Cruz de Tenerife

September 12, 2025
Human Remains Found in Deep Well in Tenerife
Diario de Avisos

Human Remains Found in Deep Well in Tenerife

September 12, 2025
No Result
View All Result

Latest Blog Articles

  • Blog
Tenerife’s Ocean Giants: Unforgettable Whale Watching Experiences

Tenerife’s Ocean Giants: Unforgettable Whale Watching Experiences

4 hours ago
El Médano: A Hidden Gem for Windsurfing Enthusiasts

El Médano: A Hidden Gem for Windsurfing Enthusiasts

3 days ago
Protected: Tenerife Femenino Breaks Records as 22,000 Fans Pack Stadium in Historic Night for Women’s Football

Protected: Tenerife Femenino Breaks Records as 22,000 Fans Pack Stadium in Historic Night for Women’s Football

3 days ago
Protected: Why Solo Travellers Are Absolutely Obsessed with Tenerife (And You Will Be Too)

Protected: Why Solo Travellers Are Absolutely Obsessed with Tenerife (And You Will Be Too)

3 days ago
Sun, Sand, and Serenity: Your Guide to Los Cristianos Beach

Sun, Sand, and Serenity: Your Guide to Los Cristianos Beach

6 days ago
Tenerife’s Hidden Gems: The Enchantment of Black Sand Beaches

Tenerife’s Hidden Gems: The Enchantment of Black Sand Beaches

1 week ago
No Result
View All Result

News Highlights

Tenerife’s Ocean Giants: Unforgettable Whale Watching Experiences

The Most Spectacular Castle in the Canary Islands: A 17th-Century Gem Straight Out of a Disney Film

Santísimo Cristo de La Laguna Celebrations 2025: Events for Monday, 15th September 2025

Water Crisis in Tenerife: Demand Surges as Reserves Dwindle

The Burden of Owning a Canary Palm: “I Spend €1,500 a Year Whether I Like It or Not”

Euroliga Welcomes Second Israeli Team in 2025 Amidst Protests Over Genocide

Trending News

Binter Expands Flight Network to the Mainland: Explore All Connections
Atlantico

Binter Expands Flight Network to the Mainland: Explore All Connections

by Admin
September 15, 2025
0

The Canary Sky Prepares for a Winter of Connectivity A Strategic Hub The Canary Islands are gearing...

The La Laguna Market: Summer Recipes and Festivities Featuring Yellow Rice

The La Laguna Market: Summer Recipes and Festivities Featuring Yellow Rice

September 15, 2025
Ricky Hatton, the Boxing Legend Who Sang in Tenerife, Passes Away

Ricky Hatton, the Boxing Legend Who Sang in Tenerife, Passes Away

September 15, 2025
Tenerife’s Ocean Giants: Unforgettable Whale Watching Experiences

Tenerife’s Ocean Giants: Unforgettable Whale Watching Experiences

September 15, 2025
The Most Spectacular Castle in the Canary Islands: A 17th-Century Gem Straight Out of a Disney Film

The Most Spectacular Castle in the Canary Islands: A 17th-Century Gem Straight Out of a Disney Film

September 15, 2025
Tenerife Weekly

© 2025 Tenerife Weekly

Navigate Site

  • Tenerife Forum
  • Tenerife Travel Shop
  • Ask Tenerife
  • Canarian News
  • Privacy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • About
  • El Diario
  • Diario de Avisos
  • El Dia
  • Europa Press
  • La Laguna
  • El Digital Sur
  • Atlantico
  • Press Releases
  • Essentials
  • Blog
  • Contact

© 2025 Tenerife Weekly