200 Million Dollars Yacht In The Worlld Which Belongs To One Of The Founders Of Microsoft, Paul Allen

Charles II of England spent part of his time in exile during the period of the Commonwealth of England in the Netherlands and became keen on sailing. He returned to England in 1660 aboard a Dutch yacht. During his reign Charles commissioned 24 Royal Yachts on top of the two presented to him by Dutch states on his restoration. As the fashion for yachting spread throughout the English aristocracy yacht races began to become common. Other rich individuals in Europe built yachts as the sport spread. Yachting therefore became a purely recreational form of sailing with no commercial or military function (for example, the Cox & King yachts at the beginning of the 20th Century), which still serves a broad definition of both the sport and of the vessel.
Construction materials and techniques
Until the 1950s, almost all yachts were made of wood or steel, but a much wider range of materials is used today. Although wood hulls are still in production, the most common construction material is fibreglass, followed by aluminium, steel, carbon fiber, and ferrocement (rarer because of insurance difficulties). The use of wood has changed and is no longer limited to traditional board-based methods, but also include modern products such as plywood, veneers and epoxy resins. Wood is mostly used by hobbyists or wooden boat purists when building an individual boat.