11 of the most expensive yachts in the world: PHOTOS

It has become normal for the world's wealthiest individuals to drop millions, even billions, on lavish superyachts.

Oil Sheikhs and Russian tycoons alike are spending their holidays on massive yachts with swimming pools, basketball courts, and even concert halls.

Rumors circulated online in August that Amazon CEO Jeff Bezos had dropped $400 million on a superyacht called the "Flying Fox" with 36 guest cabins, a 12-meter swimming pool, and a helicopter pad. However, an Amazon spokesperson told INSIDER that the yacht does not belong to Bezos.

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Keep reading to see 11 of the most expensive superyachts on the planet, ranked from least-exorbitantly expensive to most expensive.

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