A billionaire’s yacht has made a $200 million profit after a year-long construction project in Peru.
The yacht, which was built in a bid to show off its capabilities to the public, has made its maiden voyage and is set to be the biggest ever built by the family of billionaire Pablo Escobar.
It’s the first time the family has built a yacht in Peru, but it will go on to compete in other marinas across the country, including in the Olympic Games.
The $200m profit is the largest ever made by a family that has owned a yacht for at least 30 years, according to an article in Vice magazine.
The boat is built in the Caribbean island of Curacao and the yacht is made of 100% recycled materials.
The family is the first to be granted a license to operate a yacht under a law that allows commercial entities to sell off their own vessels, according a Vice report.
A spokesperson for the Caribbean state of Curaco confirmed to Vice that the family was granted the license, but did not provide details.
The Caribbean country was also named in a lawsuit filed against the United States by Escobar’s son, Marielo.
He claims he was unlawfully imprisoned for nearly three years.
In November, the U.S. Department of Justice indicted Escobar on racketeering charges and is investigating his ties to the drug cartels.