Being elected as United States president generally comes with its perks.
You get to move into a sweet new house big enough to run marathons through. Your new means of transportation now include a private jet and helicopter. What about the presidential yacht? Of all people, you’d think our billionaire president would have one of the most common trappings of the super rich.
Well, he used to.
In 1987, Donald Trump purchased a yacht for $29 million. He spent $10 million renovating his new ship and named it “Trump Princess” the following year.
It was originally commissed by Saudi arms dealer Adnan Khashoggi for a whopping $100 million 40 years ago, equivalent to around $315 million today. And it was really something special, with a pool, movie theater, disco, three elevators, two dining rooms and 11 staterooms, according to Town and Country Magazine. Trump could entertain his 22 passengers and keep his 52 crew members busy, while talking business on one of his 210 phones.
So what became of the Princess?
During the real estate recession on the early 1990s, Trump was forced to sell his yacht to Saudi Prince al-Waleed bin Talal for $20 million.