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TITAN Yacht – Alexander Abramov’s $100M Superyacht

Specifications

Description

TITAN yacht is Alexander Abramov’s $100 million superyacht. Reymond Langton Design penned both the interior and exterior features of the fantastic superyacht and Abeking & Rasmussen built her.

She was delivered from their Lemwerder shipyard in 2010, along with two sister ships, Eminence and C2, which are privately owned pleasure yachts. TITAN is used personally by the owner.

Name:Titan
Length:80 meters
Guests:14
Crew:19
Builder:Abeking & Rasmussen
Designer:Reymond Langton Design
Interior Designer:Reymond Langton Design
Year:2010
Speed:16 knots
Engines:Caterpillar
Volume:2,101 ton

TITAN yacht interior

The TITAN yacht features interior design from British yacht designer Reymond Langton Design. The interior details of the TITAN yacht remain private, but Reymond Langton Design is known for its beautiful and functional designs.

She has accommodation for 14 guests on board in 7 suites. There is also accommodation for 19 crew members on board the 80m superyacht. She has a beach club for a perfect indoor/outdoor for guests to enjoy on the water level.

There is an on-deck Jacuzzi for relaxation and a gym for guests to use. There is also a movie theater that guests can relax in after a day on the water.

TITAN features a unique Abeking & Rasmussen feature with a large transom hatch to load and launch the tenders from the large interior garage.

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Exterior

The exterior of the TITAN yacht was also designed by Reymond Langton Design and built by German shipyard Abeking & Rasmussen. The shipyard’s in-house design team penned the naval architecture.

She was delivered from the Lemwerder shipyard in 2010 and refitted in 2021. The hull of the TITAN yacht is grey with a white aluminum superstructure. TITAN has a modern and powerful exterior on the water.

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Specifications

The TITAN yacht is a 78.43m yacht with a 12.6m beam and a 3.4m draft. She has a displacement of 2115 gross tons and a top speed of 17 knots.

Her two Caterpillar engines give her a cruising speed of 13 knots and a range of 6000 nautical miles.

She has at-anchor stabilizers to provide exceptional comfort levels for guests. The $100 million vessel has an annual running cost of $5 – $10 million. She was built to Lloyd’s Society Rules and MCA standards.

The TITAN yacht is a privately owned yacht that is not available for charter. However, her sister ship Eminence is a charter yacht.

TITAN yacht Owner – Alexander Abramov

The owner of the TITAN yacht is Russian oligarch, Alexander Abramov. The Russian businessman is a billionaire with a net worth of $8 billion, thanks to his stake in Evraz, Russia’s mining and steel company.

He acts as the chairman of Evraz and owns several other lucrative companies. He is the owner of the superyacht TITAN.

Alexander Abramov Net Worth

According to Forbes, Abramov has a net worth of $8 billion thanks to his shares, sales, and position in Evraz. The businessman also has investments in real estate in the Turks and Caicos and the Czech Republic.

These investments are not included in an asset breakdown because the stakes are not disclosed. 

Along with numerous investments, Abramovich owns the superyacht, TITAN. TITAN is an 80m vessel with a price tag of $100 million.

In addition to the luxury vessel, he also owns an Airbus A319 (D-ALXX), his private jet.

Background

He is married to Svetlana Abramov. The couple share three children, Yegor Abramov, Natalya Abramov, and Alexander Abramov Jr.

Abramov was born in Krasnodar, Russia, USSR, and is of Jewish descent. He attended The Moscow Institute of Physics and Technology, graduating with a degree in physics and mathematics in 1982.

Before beginning his business ventures, he first worked for Russia’s space and defense program as a scientist.

Government funding declined for the space program, and so he became a major businessman in Russia. 

Before the collapse of the Soviet Union in 1991, he ran a laboratory at the Joint Institute of High-Pressure Temperatures, studying high energy densities and shock wave physics and applied electrodynamics.

Business

Abramov leaped into business when the Soviet Union collapsed in 1991 and founded his first firm in 1992 that imported and sold fitness equipment.

Later, he joined former classmates to create EvrazMetall, an exporter of Russian steel. This precursor enterprise of Evraz Holding made him a fortune by exporting metals and coals from the Urals and Siberia.

Between 2001 and 2003, Abramov and his partners acquired three steel plants Nizhny Tagil Iron and Steel Plant, West Siberian Iron and Steel Plant, and Novokuznetsk Iron and Steel Plant.

These three plants were the foundation for Evraz, which now has iron ore, coal mining, and steel manufacturing operations. The partners sold shares in Evraz on the London Stock Exchange in 2005 for $400 million.

A year later, the partners sold 41% of the company to billionaire Roman Abramovich, pocketing $3 billion.

There are ten partners in Evraz. Abramov has a 29% stake in the country and is a director alongside Alexander Frolov.

Abramov used the process to invest in gold, forestry, and mobile internet services. In 2013, Abramov and Abramovich teamed up again to buy a 5.9% stake in Norilsk Nickel, the world’s second-largest nickel producer.

Abramov and partners sold a 24.5% stake in Trans Container for $436 million. The company is Russia’s largest railway container operator.