• DON'T MISS OUT!
    Subscribe to our mailing list for the latest news, articles, and special offers directly to your inbox. 
    Your information will NEVER be shared with any third party.

Donald Trump’s YUGE Yacht That Failed to Launch

because his businesses went bankrupt

The previously unseen plans for the ‘Trump Princess’ have surfaced after the now President abandoned the extravagant build 24-years-ago. 

In 1993 Trump paid boat building firm Olivier Design £140,000 or $170,000 to design the lavish 420ft superyacht. The inexperienced firm was spotted by Trump at the Florida Boat Show early in the 1990s.

A letter from Donald Trump to Jaime Oliver requesting pricing for his super yacht (Photo: OliverDesign / BNPS)

A signed letter sent from Trump in March 1993 to boss Jaime Oliver reads: “I am interested in building a 420ft yacht which, when completed, will not only be the largest yacht in the world, but at the same time, the most beautiful.

Donald Trump with designer Jaime Oliver (Photo: OliverDesign / BNPS)

However, a few months into the design phase, Jaime Oliver was informed that Donald Trump had scrapped this project and that construction of the yacht would not go ahead.

Trump’s financial situations at the time with his hotel and casino businesses facing bankruptcy some believe is the reason why Trump scrapped the plans to build his dream yacht. Jaime Olivier later discovered that the businessman filed for bankruptcy the previous year after his Plaza Hotel in New York accumulated $550 million in debt. 

According to some sources, in early 1994, his companies had a combined corporate debt of $3.5 billion dollars, and he had personal debts of around $900 million.

The designs, however, remain and today give us an idea of what certainly could have been one of the coolest yachts in the world.

The vessel would have boasted four decks, a helipad, suites, lounges, a swimming pool, hot tubs and a vast gallery decorated with palm trees. Trump Princess spread across four decks and came complete with a heliport, swimming pool, Jacuzzis, and opulently decorated interior guest spaces. The size of the exterior entertainment areas would have been unprecedented for a yacht of this length, even by today’s standards.

While the Trump Princess would have been the largest yacht ever built in the 1990s, it would be dwarfed by today’s biggest, known as Azzam, which is 80.61m or 592ft long. 

  • ForeverMogul Magazine works with a talented group of writers from around the world. Stay connected to ForeverMogul Magazine as we share in depth premium content in three primary channels - Mogul Business, Fine Living, and Philanthropy. We love to hear your opinions and suggestions, but most of all, we love to interact with you. You can follow us on Twitter and Facebook by clicking on the links below or you can always contact us here.

  • Show Comments (0)

Ads

You May Also Like

Stunning Beach Home in Paradise – Cayman Island

Camden House, 1506 Rum Point Drive $5,500,000 SINGLE FAMILY HOME DETAILS 4 BEDROOMS 5 ...

Most Expensive Property Sold in Africa

A stunning house in Cape Town has broken the record for the most expensive ...

Video: Black Pearl Project Team Reveals New Yacht Details

Inspired by the 88-metre Maltese Falcon, perhaps one of the most acclaimed new build ...

Dubai’s Top 5 Luxury Hotels for the Executive Business Traveler

Dubai has always been synonymous with luxury, fine living and opulence. Home to the ...

James Bond’s ‘Skyfall’ 183-Foot Sailing Superyacht For Sale

Step into the world of the James Bond movie, Skyfall, aboard the magnificent 56-metre ...

Billionaire Michael Ashley Sells Mansion in Miami Beach for $45M

Michael Ashley, the billionaire founder of U.K.-based clothing chain Sports Direct, the largest sports retailer ...

SUBSCRIBE NOW!

Don't miss out! Keep up to date with the latest from

forevermogul.com

Thank you for sending!

Wait!

Like us!

or
Subscribe

Thank you!