I agree with you its wasteful and I personally would never own one but it sounds like the dude actually likes the whole sea scene and scuba dives and stuff like that a lot.

A quote from him about it: "This isn’t about buying a yacht company. It’s about plugging into a tribe of builders, dreamers, sailors, creatives and engineers—and seeing what kind of future they can shape when no one’s holding them back. This isn’t a transaction. It’s ignition."

So it really just sounds like he bought a company with a hobby he's interested in to make more money and be a part of the hands on experience with it. That's the same thing he did when he made Steam except he didn't buy it he made it.

I still think yachts are insane and some absolute let them eat cake tier of rich bullshit but I don't hate the guy for buying a company he seems interested in.

I'm not sucking his dick or anything but the dude got rich by being the least shit bag to the paying customers of his service. That's more than I can say about almost every single other CEO alive at this point. So fuck it, let him have the yachts I guess.