Billionaire boys club yachtsman: ‘What recession?’

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The $3 billion worth of vessels anchored for sale in the Monaco harbor draw a grin from Monte Carlo Luxury Yachts broker George Fortune.

"Superyachts are a particularly male-driven thing," he says, surveying the principality's annual superyacht show.

"Somebody always has one bigger than yours," the 55-year- old salesman explains from the bow of the $20 million jet-propelled Art Deco speedboat Musa. "This business is based on clients who care little about economic recessions and are passionate about proving that they have more money than you."

Click here for the full report by Bloomberg.