An Israeli mining billionaire is selling his lavish 298-foot-long superyacht for $254 million. The Lurssen-built vessel has two swimming pools, lacquered ceilings, a wellness center, and even a beauty salon.

Via Lurssen


Israeli/Kazakh billionaire Alexander Mashkevitch has owned superyacht Lady Lara since 2015. This lovely Lürssen beauty spanning 298 feet has been listed for sale with Max Bulley and Gary Wright of Y.CO and Merle Wood of Merle Wood & Associates, per Boat International. Up until now, the privately owned luxury vessel was sheathed in secrecy. Still, with the listing, the grandeur of this $245 million boat has been revealed, leaving yachting enthusiasts excited to witness one of the largest and second most expensive used yacht after Ahpo, on display at the upcoming Monaco Yacht Show. Let’s delve into the details of this recently revamped Lady Lara of the High Seas-

Via Lurssen

Lady Lara, a ravishing and renewed ship-
One of the most commendable works of Reymond Langton Design, the 2,945GT ship underwent an expensive makeover costing nearly $16 million. The refitting included a complete repaint, plush new carpets, and several technical upgrades for the best form and function.

The sundeck. Image – Boat International

While there are several remarkable aspects to this boat, the impressive owner’s deck deserves to be discussed first. The vastness is expected when an entire deck is dedicated to the owner, but the exquisite detailing of this area is what makes it alluring. The elegant suite juxtaposes a private lounge area boasting a sleek bar.

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To enjoy the unmatched vistas, the owner’s suite opens to a private terrace with a Jacuzzi. There are dedicated his and hers bathrooms, dressing rooms, and even a private library. The guest cabins, though smaller, are just as sophisticated, flaunting bright, soft hues, plush furnishings, and warm lighting.

The main saloon. Image – Boat International

Another fantastic space is the main saloon, a vision in ivory, which looks like a creamy million-dollar cake with the most delicate cream furnishings, cream lacquered ceilings, and pleasing furniture with a slight touch of blue in the lights, standing out like a candle on the top.

Image – Boat International

The expansive main saloon displays a grand piano, a large formal dining table, and a roomy lounge area. Amenities are plenty aboard Lady Lara, from two swimming pools, one on the main deck that can be converted into a dance floor.

The massage room onboard Lady Lara. Image – Boat International

And a second on the sun deck flanked by a swim-up bar, day beds, and sunloungers to make it fun for a large group. There is plenty to do for a total of 16 guests who can hit the gym, unwind with a movie in the cinema, or rest and relax in the wellness center, complete with a hammam, massage room, and treatment room. Date nights become extra special on Lady Lara thanks to a beauty studio at one’s disposal.

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Who is Alexander Mashkevitch?
This $2.4 billion business magnate, hailing from Kazakhstan, holds dual citizenship in both Israel and Kazakhstan. 69-year-old Machkevitch co-founded the Eurasian Natural Resources Corporation (ENRC), a major player in mining, metals, and energy industries. He took the company public in London in 2007 with billionaire partners Patokh Chodiev and Alijan Ibragimov. Per Forbes, the three of them are sometimes called “The Trio.” Alexander and his wife, Larissa Fadeeva, are avid philanthropists and together give back through their Machkevitch Foundation. The affluent businessman lives in Frace and owns a private Gulfstream G650 and superyacht, Lady Lara.

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With over 15 years in luxury journalism, Neha Tandon Sharma is a notable senior writer at Luxurylaunches. Her expertise spans luxury yachts, high-end fashion, and celebrity culture. Beyond writing, her passion for fantasy series is evident. Beginning with articles on women-centric gadgets, she's now a leading voice in luxury, with a fondness for opulent superyachts. To date, her portfolio boasts more than 2 million words, often penned alongside a cappuccino.