TURKEY - The Super-Rich Sail East

Arno Froese

With some European countries reimposing restrictions to avoid another Covid-19 flareup, the ultra-rich are abandoning some of their traditional mooring spots. At least 63 mega-yachts are now sailing off Turkey, the most since 2017 and up from 26 at this time last year, according to tracking data compiled by Bloomberg. That’s good news for a country whose currency plunged to a record amid a surge in foreign capital outflows.

The 459-foot Scheherazade sailed into Turkey. The 325-foot Madame Gu, reportedly owned by Andrey Skoch, and the 280-foot Pacific of Russia’s second-richest man, Leonid Mikhelson, are among the other ships dropping anchor off the country’s coast.

Turkey has long been a favorite for Russian vacationers. When Russia lifted a travel ban, 80 flights carrying 23,000 revelers arrived in Antalya in just one day, Daily Sabah reported. During the early stages of the health crisis, Turkey was seen as a Covid-19 safe haven among wealthy individuals, which was reflected in an increase in July’s yacht numbers.

Croatia and Greece are attracting more super-yachts too, with their numbers also at three-year highs. The largest vessels in Croatia are Roman Abramovich’s 533-foot Eclipse, the fourth-longest yacht in the world, and the 381-foot Ulysses, owned by New Zealand’s richest man, Graeme Hart. The newly delivered 312-foot O’Pari and the 361-foot Radiant are among those spotted in Greece.

-www.bloomberg.com, 17 August 2020

Arno's Commentary

This shows the other side of the much-publicized COVID-19 pandemic. For the super-rich, there are no borders, and often no visas required; money speaks its own language. Here again we must quote James 5:5: “Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter.” What is the advice for believers? “Be patient therefore, brethren, unto the coming of the Lord. Behold, the husbandman waiteth for the precious fruit of the earth, and hath long patience for it, until he receive the early and latter rain. Be ye also patient; stablish your hearts: for the coming of the Lord draweth nigh” (James 5:7-8).

Arno Froese is the executive director of Midnight Call Ministries and editor-in-chief of the acclaimed prophetic magazines Midnight Call and News From Israel. He has authored a number of well-received books, and has sponsored many prophecy conferences in the U.S., Canada, and Israel. His extensive travels have contributed to his keen insight into Bible prophecy, as he sees it from an international perspective.

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