Largest Private Yacht in the World is Launched

Posted: April 8, 2013  |  By: Robert Frank [CNBC]

Sorry Roman. You've been eclipsed.
A new yacht launched Friday by Lürssen, the German luxury boatbuilder, is now the largest motor yacht in the world. It's name is Azzam, and at 590 feet long, it has officially bumped Roman Abramovich's yacht – the 536-foot Eclipse – from its number one ranking.

Lürssen won't comment on the ownership. But industry sources say the owner is likely the royal family of Abu Dhabi. 

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