The Aga Khan's $200 Million Superyacht Snafu

Recently we reported on the impressive racehorses owned by His Highness the Aga Khan, the immensely wealthy Muslim spiritual leader. The urbane Aga Khan, a philanthropist, Harvard graduate and stepson of Hollywood bombshell Rita Hayworth, hasn't had as much good fortune when it comes to superyachts however. A considerable portion of his $800 million fortune has gone into what is supposed to be the world's fastest superyacht, but instead is a serious snafu.

The 164-ft. Alamshar (pictured above), named after a prized racehorse, is a $200 million vessel commissioned by His Highness from the UK's Devonport, which has now been in build for twelve whole years. Designed to break the transatlantic speed record, her ultra-expensive Rolls-Royce gas turbine engines underperformed and had to be replaced. It also caught on fire a bit. However, the luxurious craft was recently spotted performing sea trials and may one day soon be ready to sail.

[via JamesList]