In June 2008, a broker acting on Teodorin's behalf put down a deposit with a German yacht-builder for the design of a "mega-yacht".

Mining Magnate Clive Palmer has showcased his new $8.3 million mega-yacht for the first time at a dock in far North Queensland.

Ace Ltd agreed to purchase Chubb Corp, the New Jersey-based insurer of high-end homes and mega-yachts, for $28.3 billion in cash and stock.