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TODAY in Ibiza and Formentera
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Yacht worth €170m in Ibiza linked to tennis federation figure

It costs 170 million and its owner is linked to the International Tennis Federation: this is the yacht in Ibiza

Ana Bianco

Modified: Sunday, March 29 2026, 12.44am

The 87-metre superyacht Avantage, built by Lürssen Yachts in 2020, is currently sailing off Ibiza and has drawn attention for both its design and discretion. Originally known as Project Hawaii, it is linked to Kazakh businessman Bulat Utemuratov, though its ownership remains private. Valued at around $200 million (€170m) with annual upkeep of €15m, the yacht accommodates 14 guests in seven staterooms, supported by a crew of more than twenty. Features include a heliport, Jacuzzi, solarium, and a beach club with sea access. With a sleek white profile, Avantage is regarded as a benchmark in the 80–90m superyacht class, blending engineering precision with luxury. Utemuratov, whose wealth stems from banking, mining, media and communications, is also prominent in tennis administration, serving as president of the Kazakhstan Tennis Federation and holding a role in the International Tennis Federation.

For the full article, please visit Diario de Ibiza website here.