A Look at Billionaire Yuri Milner’s $195M Andromeda Megayacht

A Look at Billionaire Yuri Milner’s $195M Andromeda Megayacht

Published: May 10, 2022 | By: American Luxury Staff

Andromeda, the motor yacht of Yuri Milner, has been out and about in the Atlantic of late. The 352-foot craft was built by commercial Norwegian yard Kleven, and launched in 2015. Completed in 2016 with the name Ulysses, the yacht was ordered by businessman Graeme Hart, the wealthiest person in New Zealand; it reportedly came with a $195 million price tag. New Zealand designer Kyle Dick created the yacht’s naval architecture. Hart soon ordered a second, slightly larger vessel and passed Ulysses to Milner.

Andromeda’s most compelling feature may be her architecture. An explorer-inflected yacht, she looks considerably more rough-and-ready than many other superyachts. She is designed to accommodate a pair of large tenders; one measures nearly 69 feet, and features a two-deck design. Other unique toys onboard Andromeda: off-road sport utility vehicles and bikes, jetskis, and seabobs.

Andromeda’s more luxurious elements quickly come into focus during a tour of her interiors and decks. Her living spaces are glossy and contemporary, with ambient light a mainstay of her living style; indoor amenities include a wine storage room, an office, and a salon with a lengthy bar, while her expansive pool deck is her primary exterior amenity. Andromeda’s interior spaces are the work of H2 Yacht Design. Her staterooms feature floor-to-ceiling glass overlooking the water; she can accommodate 30 guests.

Andromeda is powered by three Caterpillar 2,230-horsepower engines. She can cruise at 15 knots, and she has a top speed of 16 knots; her range is 8,500 nautical miles.

Milner is a Russian-Israeli entrepreneur. A 2018 incident irked him enough to make him fall back on his Israeli citizenship, at least as far as official business is concerned: bumbling goons at the Treasury Department had dumped wholesale all wealthy Russians into an ‘Adversaries’ list. The source was simply Forbes’ billionaire list, and Milner got caught in the net. The move was apparently intended to send a message to Moscow, and signaled deteriorating relations—and escalating pettiness—between the U.S. and Russia. In fairness, Milner only happens to be Russian; nothing suggests he is close to the Russian apparat in the oligarch sense. Consequently, he did not appear on any sanctions lists. He’s long made Silicon Valley his home base and hasn’t been to Russia in nearly a decade.

A physicist by training, Milner pivoted to the world of business after, in his own words, “being disappointed in myself as a physicist.” He likely isn’t too disappointed in himself as an investor. He is co-founder of private equity heavyweight DST Global. The venture capital firm owns stakes in Facebook, Twitter, Snap, WhatsApp, Airbnb, Spotify, and other notable tech success stories, and has some $50 billion in assets under management.

Milner is the creator of the Breakthrough Prize, an annual award across three categories—fundamental physics, life sciences, and mathematics. Winners receive $3 million each. He’s also the founder of Breakthrough Initiatives, a program funded to the tune of hundreds of millions of dollars, with the mission of investigating extraterrestrial life.

As the conflict in Ukraine broke out, Milner pledged $100 million toward supporting Ukrainian refugees.

Milner’s net worth is around $7 billion.

5831 May 10, 2022 Yachts May 10, 2022