The document summarizes Paul Allen's yacht Octopus, which at 127 meters (416 feet) was the largest privately owned yacht in the world when it launched in 2003. It cost Allen over $200 million and has a permanent crew of 60, including former Navy Seals. Octopus has two helicopters, seven boats, a 10-man submarine, and a remote controlled vehicle to explore the ocean floor. On average, yacht owners must spend 10% of the purchase price annually on upkeep and crew salaries, meaning Octopus requires a $20 million annual budget.