A corporation connected to Hussain Sajwani, the prominent Dubai-based billionaire and well-known business associate of former U.S. President Donald Trump, has reportedly acquired the *Amadea*, an opulent superyacht previously seized and later auctioned by the United States government in September. The *Amadea*, stretching an extraordinary 106 meters in length, represents one of the pinnacles of maritime luxury—a floating palace complete with lavish interiors, advanced engineering, and elite amenities befitting the world’s wealthiest yacht owners. According to earlier reports by *Business Insider*, the official transfer of ownership and finalization of the sale took place in October, marking the conclusion of a complex legal and financial process that had drawn global attention.
The U.S. government initially confiscated the *Amadea* in 2022 from Russian oligarch Suleiman Kerimov, who was under Western sanctions, alleging that he held ultimate control over the vessel despite attempts to obscure ownership behind a labyrinth of offshore entities. Recent registration records now reveal that the yacht was purchased through an entity closely tied to Sajwani and his global real estate conglomerate, the Damac Group. As of October 10, filings indicated that the vessel’s listed owner is Beyond Holdings Group Limited, a corporation registered in the British Virgin Islands—a jurisdiction internationally recognized for its lenient tax regulations and stringent corporate confidentiality standards, which make it a favored domicile for superyacht registrations and global investment vehicles.
Information derived from Bloomberg’s Legal Entity Identifier database further indicates that Beyond Holdings Group Limited is headquartered in Dubai at the 20th floor of the Executive Heights Tower, precisely the same address associated with Damac’s main corporate offices. This shared location draws a direct physical and logistical connection between Beyond Holdings and the Damac enterprise, reinforcing the conclusion that the acquisition likely traces back to Sajwani’s network of companies. Moreover, corporate history adds another layer of linkage: Beyond Holdings was formerly named AHS Four Company Limited, which mirrors the naming pattern of AHS One Company Limited—the entity owning another luxury yacht, *AHS*, belonging to Sajwani’s son, Abbas Sajwani. The initials “AHS” correspond to Abbas’s name, further cementing personal and familial links within these interconnected maritime assets.
Both yachts—the *AHS* and the recently acquired *Amadea*—are reportedly managed by the Monaco-based firm Superyacht Partners, an exclusive company that specializes in operating, maintaining, and chartering ultra-luxury vessels. According to previous listings, the *AHS* has commanded charter rates as high as $600,000 per week, positioning it within the upper echelon of the global charter market. Neither Hussain nor Abbas Sajwani, nor representatives from Superyacht Partners, have issued public comments regarding the acquisition, and the United States Marshals Service likewise declined to respond to inquiries, maintaining confidentiality on the details surrounding the transaction.
At the time of its seizure, the U.S. Department of Justice valued the *Amadea* at a staggering minimum of $300 million, describing it as one of the costliest maritime assets ever confiscated. Subsequent appraisals, however, placed its worth closer to $230 million, according to court documents. The final auction price achieved through its sale remains undisclosed, preserving an air of mystery around the transaction’s financial terms. Maintaining such a vessel has proven exceptionally expensive; filings indicated that monthly costs—including crew salaries, fuel, insurance, dockage, and technical upkeep—had escalated to nearly $1 million per month, all billed to U.S. taxpayers during the period it remained under government custody. This substantial financial burden offered strong motivation for the government to divest the asset as swiftly as possible. Nevertheless, the process of liquidating seized yachts is inherently complex, as questions of ownership and jurisdiction are frequently contested through elaborate legal challenges.
Hussain Sajwani, whose personal net worth Bloomberg currently estimates at approximately $13.3 billion, has long cultivated close professional and personal ties with Donald Trump, forging one of the more enduring international business relationships connected to the former president. Sajwani’s partnership with Trump stretches back over a decade, beginning with an ambitious collaboration under which Damac agreed to co-develop two golf courses in Dubai that proudly carry the Trump brand. This business connection evolved into a multifaceted relationship marked by shared appearances, joint ventures, and symbolic public gestures.
Pinned prominently at the top of Sajwani’s personal Instagram account is a video recorded in January at Mar-a-Lago—Trump’s private Florida resort—featuring both men announcing that Damac subsidiary Edgnex Data Centers would spearhead a $20 billion investment in the United States. Around the time of Trump’s 2025 inauguration, both Hussain and Abbas Sajwani attended a series of high-profile events, including an official inaugural ball, underscoring their continued presence in the orbit of American political and business influence.
Over the past year, Sajwani’s social media accounts have also showcased several posts depicting him alongside Trump in multiple settings: from the Oval Office in Washington, D.C., to gatherings in the United Arab Emirates during Trump’s official visit, and even at Trump’s famed Turnberry Golf Course in Scotland. These images collectively narrate a long-standing friendship rooted not only in lucrative real estate ventures but also in shared visibility at the intersection of business diplomacy and elite social networks.
The partnership, however, has not been without its complexities. NBC previously reported that following Trump’s election victory in 2016, Sajwani—who attended a New Year’s Eve celebration at Mar-a-Lago that year—expressed his desire to forge a closer commercial relationship with the Trump Organization. Yet, in subsequent months, Trump stated publicly that he had declined a proposed $2 billion deal with Sajwani to avoid potential conflicts of interest during his presidency. Despite that decision, business interactions between the two continued in later years. Disclosure documents filed in June confirm that between January 2024 and June 2025, Trump personally earned over $6 million in fees related to transactions involving Damac, signifying that their professional cooperation endures well into the present day.
The story of the *Amadea*’s acquisition thus encapsulates a remarkable convergence of global wealth, political association, and international regulation. It intertwines the legacies of sanctioned oligarchs, transnational corporate entities, and billionaires who move adeptly across spheres of commerce and diplomacy. In its gleaming decks and concealed ownership structures, the yacht not only symbolizes personal luxury but also reflects the opaque pathways through which modern power and capital navigate the world’s legal and geopolitical currents.
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Sourse: https://www.businessinsider.com/trump-friendly-dubai-billionaire-hussain-sajwani-bought-seized-superyacht-amadea-2025-11
