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The luxury yacht Aalto - From the splendor of Puerto Portals to the calm waters of Formentera

Mallorca, September, 7 2024
After the luxury yacht Aalto was spotted off Puerto Portals, it has set course for Ibiza, according to Shiptracker. It is currently moored off the paradisiacal beaches of Formentera - the perfect place for a break from the hustle and bustle of the celebrity hotspots. The yacht belongs to steel magnate Lakshmi Mittal, who is famous for his daughter's opulent wedding, which was attended by stars such as Shah Rukh Khan and Kylie Minogue.
TEXT   isla editorial team (nt)

TAGS   Excursion tips for Mallorca exclusive yachts Wedding Vanisha Mittal Kylie Minogue wedding Lakshmi Mittal Yacht Luxury yacht Aalto sustainable yachts Oceanco shipyard Shah Rukh Khan wedding Shiptracker Yacht Formentor Yacht Ibiza Town

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After her glamorous sighting before Puerto Portalsthe meeting place of the super-rich in Mallorca, has the Aaltoone of the most impressive luxury yachts in the world, according to Shiptracker Ibiza and is now anchored off the idyllic coast of Formentera. This 80-meter-long superyacht, which Lakshmi Mittal belongs to one of the richest men in the world, is a true masterpiece on the waves, embodying pure luxury and state-of-the-art technology.

In Puerto Portalswhere yachts, upmarket restaurants and expensive boutiques dominate the scene, the Aalto was the star before heading to the calmer waters of Formentera. A perfect place for Mittal and his guests to take a break from the hustle and bustle and enjoy nature.

Yacht Aalto Mallorca
©superyachttimes.com

Formentera - An oasis of peace

While Puerto Portals is known for its lively, glamorous scene, offers Formentera The exact opposite: peace, nature and pristine beaches. No expensive boutiques, no flashy lights, just crystal-clear water and white sand. This is where the Aalto now, perfectly embedded in the landscape - far away from the hustle and bustle that Mittal has experienced in recent stations.

Luxury and sustainability - hand in hand

The Aalto stands not only for luxury, but also for Sustainability. The yacht is equipped with Solar panels and innovative Emission reduction technologies which makes it one of the most environmentally friendly ships in its class. This is exactly in keeping with Lakshmi Mittal's style: state-of-the-art technology and luxury, coupled with an awareness of sustainability.

A floating reminder of the wedding of the century

The Aalto is an impressive symbol of Mittal's penchant for luxury - and it also recalls the lavish wedding of his daughter Vanisha Mittal. This took place in the year 2004 in France and went down in history as one of the most expensive weddings of all time. The price? Around 41 million euros. Thousands of guests from all over the world were invited to Versailles and into Vaux-le-Vicomte Castle invited to celebrate this pompous event.

Among the guests were Bollywood celebrities such as Shah Rukh Khanwho is considered a close friend of the family, and the British singer Kylie Minoguewho performed during the ceremony and put on a show that is said to have cost a million dollars alone. Many international business people and politicians also mingled with the guests, making the wedding one of the most glamorous events of the decade.

Yacht Aalto Mallorca
©wikipedia

Facts and figures about the Aalto

The Aaltowhich in the year 2007 in the renowned Oceanco shipyard was built in the Netherlands, with its 80 meters one of the largest yachts in its class. She offers space for up to 12 guestswhich are accommodated in 9 elegant cabins. The yacht has a Infinity poola Fully equipped spa and a Home Cinema - and that's just the beginning. Water sports enthusiasts can look forward to Jet skis and diving equipment to explore the surroundings of Formentera.

But the real specialty of the Aalto lies in its combination of luxury and environmental awareness. Solar panels and ultra-modern Emission reduction technologies make it one of the most environmentally friendly superyachts on the water. Luxury and responsibility - exactly the philosophy that Lakshmi Mittal lives by.

Business and privacy

For Lakshmi Mittal, the Aalto is not just a place to relax, but also a floating office. In the middle of the sea, the yacht offers the ideal environment for confidential business meetings in absolute privacy. Whether in front of Ibiza or now off the calm coast of Formentera - Aalto is the perfect retreat for the billionaire steel mogul.

About the owner - Lakshmi Mittal

Lakshmi Mittalone of the richest men in the world, is the head of the global steel giant ArcelorMittal. His estimated assets are over 14 billion US dollars. In addition to his business successes, Mittal is also known for his luxurious lifestyle. The legendary wedding of his daughter Vanisha in 2004 and his impressive luxury yacht Aalto are symbols of his global influence and his penchant for extravagance.

Aalto for sale - luxury for bargain hunters?

Who just 79.750.000 € loose and don't know where to put it, watch out: The Aalto stands according to Superyacht Times actually for sale! Yes, you read that right. For the price of an average soccer player or a handful of luxury properties, you can snap up this floating paradise and cruise the world's oceans like Lakshmi Mittal herself. Don't worry, the infinity pool and spa are included - and you don't have to pay extra for the solar panels either.

But before you jump the gun, there's a little bonus: the annual maintenance costs. If you want to call the Aalto your own, you can expect annual costs of around €10-12 million for maintenance, crew and fuel, based on a new price of around €112,000,000 - peanuts, right? That's more or less pocket money to keep this gem shining and let the captain steer it through the most beautiful ports in the world. But hey, if you can afford a yacht, that's just peanuts, right?

So, if your piggy bank is overflowing and you're planning a "small" investment in high-tech luxury, why not go for a superyacht?

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