Alexander Machkevitch and his $160 Million Luxury Yacht Lady Lara

Alexander Machkevitch and his $160 Million Luxury Yacht Lady Lara

Alexander Machkevitch recently sold his 60 meter Benetti, also named Lady Lara

The yacht Lady Lara is a 92 meter (299ft) motor yacht delivered in 2015 by Lurssen. She was built as Project Orchid.

Reymond Langton Design
Lady Lara is designed by Reymond Langton Design, who are responsible for both interior and exterior. Some of her features include VIP suites with fold down balconies and a large beach club.

Her owner Alexander Machkevitch sold his previous yacht, also named Lady Lara: a 59 meter (194ft) Benetti built in 2009, which had an asking price of EUR 35 million (November 2015). The Benetti is now named Lady Luck.

Yacht Price
The cost price of the Lurssen Lady Lara is probably more than USD 150 million. In November 2015 Lady Lara visited Amsterdam. At new years eve 2016, she was near the Caribbean island of Saint Martin.

Charter Lady Lara
The yacht Lady Lara is not available for charter, but enquire for your ultimate charter experience on other yachts.

Alexander Machkevitch and his $160 Million Luxury Yacht Lady Lara

yacht Lady Lara – Alexander Machkevich
Motor Yacht Lady Lara, owned by billionaire Alexander Machkevitch. Photo taken in Amsterdam (November 2015)

Alexander Machkevitch
Alexander Machkevitch is the owner of the yacht Lady Lara. Machkevitch is a Kazakh billionaire, with both Israeli and Kazakhstan citizenship.

Eurasian Natural Resources
Alexander Machkevitch is co-founder, together with Alijan Ibragimov and Patokh Chodiev of the Eurasian Natural Resources Corporation or ENRC. ENRC is a natural resources company with activities in mining, metals and energy.

The company is one of the worlds largest ferrochrome producers. Ferro chrome is an alloy of iron and chromium and is used in the production of stainless steel. The company also owns large iron ore, copper and cobalt mines and ENRC produces almost 20% of Kazakhstan’s electricity needs. The company is stock listed.

Machkevitch Shares
In 2013 ENRC realized a revenue of US$ 6.4 billion, with 79,000 employees. Machkevitch owns 15% of the shares. This represents approx. 188.000.000 shares with a total value of around US$ 600 million.

Net Worth
Forbes estimates the net worth of Alexander Machkevitch at US$ 2 billion.

Private Jet
Machkevitch owns a Bombardier Global Express BD 700 private jet, with registration M-AAAL. The jet was delivered in 2012 and has a list price of US$ 50 million.

Machkevitch House
Machkevitch and his family own several houses. He owns a large penthouse in Tel Aviv, and a sea-side house in the South of France (Roquebrune Cap Martin, east of Monaco). He also has residences is London and Switzerland. Machkevitch’ daughter Anna married at her parents house in Roquebrune.

The scandal surrounding mining group ENRC is one of the worst to have ever hit the City, The DailyMail reported.  Since leaving London three years ago, ENRC has moved its HQ to Luxembourg and renamed itself Eurasian Resources Group, or ERG.

Recall that the driver of the shake-up is the Kazakh government, which was deeply embarrassed by the storm of negative publicity around ENRC and now holds a 40 per cent stake in ERG, with Bakhyt Sultanov, sitting on the board.