A company linked to a Trump-friendly Dubai billionaire bought a superyacht that was costing taxpayers $1 million a month

• The seized superyacht Amadea is now owned by a company with ties to billionaire Hussain Sajwani and his family.

• Dubai-based Sajwani, who owns the Damac Group, has links to Donald Trump.

• Earlier this year, the pair announced a $20 billion investment by Damac in the US.

A company linked to Hussain Sajwani, a Dubai-based billionaire and associate of President Donald Trump, bought the Amadea, the superyacht auctioned off by the US government in September.

The sale of the Amadea, a 106-meter luxury yacht that the government said it seized from sanctioned Russian oligarch Suleiman Kerimov in 2022, was finalized in October, Business Insider previously reported.

New registration documents reveal that an entity linked to Sajwani and his Damac Group is behind the purchase.

As of October 10, the owner of the yacht was listed as Beyond Holdings Group Limited, a company registered in the British Virgin Islands — a popular flag for superyachts, given its favorable tax policy and strict confidentiality rules.

Beyond Holdings Group's headquarters is located in Dubai, on the 20th floor of the Executive Heights tower, according to Bloomberg's Legal Entity Identifier. That exact address is the headquarters of Damac, the conglomerate owned by billionaire Sajwani.

The entity's former name, AHS Four Company Limited, also connects to Sajwani. His son Abbas Sajwani's yacht is named AHS, after his initials, and is owned by a company called AHS One Company Limited. Both yachts, AHS and the Amadea, are managed by the Monaco-based firm Superyacht Partners, which charters out the former for as much as $600,000 a week.

Hussain Sajwani, Abbas Sajwani, and Superyacht Partners did not respond to requests for comment. The United States Marshals Service declined to comment.

The Amadea was believed to be worth at least $300 million at the time of its seizure, the Department of Justice said in a press release. A later appraisal put its value closer to $230 million, court documents said. The price fetched at auction has not been publicly revealed.

The yacht's maintenance costs — including crew salaries, fuel, insurance, and more — reached nearly $1 million a month for US taxpayers at one point, according to court filings, so the government was eager to offload it. That said, seized yachts are complicated assets, as their true ownership can be contested.

Hussain Sajwani, who is worth $13.3 billion, according to Bloomberg, has several ties to the president.

Pinned to the top of Hussain Sajwani's Instagram account is a video taken in January at Mar-a-Lago, where he and Trump said that Damac subsidiary Edgnex Data Centers would invest $20 billion in the US. Soon after, Hussain Sajwani and Abbas Sajwani attended events around Trump's 2025 inauguration, including an official inaugural ball.