Billionaire playground "The World" entering the Oslo Fjord this summer
Billionaire playground "The World" entering the Oslo Fjord this summer
The World isn't a regular cruise ship. It consists of 165 apartments mostly owned by residents. A few years back the apartment price was quoted as between $2m and $15m.
I keep wondering how many guests are usually on the ship, given I assume most people who'd spend millions on a flat on a cruise ship probably have residences elsewhere too. Keep imagining it as a near ghost ship (which is not true of course - it has a crew of 280) and a monument to excess.
A monument to tax avoidance
Depending where the ship is registered the cabin owners would likely be classified as a resident of that country with all the tax breaks the country permits
In a surprise to no-one it's registered in Bahamas (no income tax, corporate tax, capital gains tax, or wealth tax). I suspect most people with flats there won't spend long enough there each year for it count for tax-residency (some, maybe), but it's certainly a benefit that if you were to the tax is non-existent.
Wouldn’t it be a shame if it sunk randomly, far far away from land and help.
The cannons that sunk the German warship Blücher during the invasion of Norway are still on one of the islands right behind the ship in that picture, just saying (Blücher kept going for a while and finally went down a bit further in)