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Matthew Locastro

Owner - Superyacht Holdings

Matthew Locastro is the co-founder and owner of Superyacht Holdings, a company that aims to revolutionize yacht ownership through a shared ownership model. Based in Silver Spring, Maryland, he has been in this role since 2020. The company offers affluent individuals the opportunity to co-own a luxurious superyacht named Victorious, which features 12 staterooms and numerous amenities, allowing owners to enjoy exclusive access without the full financial burden of outright ownership.

Background and Experience

  • Education: Matthew holds a Bachelor of Science degree in Mathematics from the University of Maryland College Park.
  • Professional Roles:
    • Owner at Superyacht Holdings (2020 - Present)
    • Managing Director at TXN Advisors (March 2018 - Present)
    • Investor at EA Mode (2017 - Present)
    • Partner at Global Vantage Capital Next Gen (2019 - 2020)
    • Partner at Locastro Design (2012 - 2019) .124

Superyacht Holdings

Superyacht Holdings is positioned as a disruptive force in the luxury yachting industry, likening its model to that of NetJets in private aviation. The company allows buyers to purchase an equity stake in the Victorious for approximately €3 million, with additional annual fees covering operational costs. This model provides an average of five weeks of use per year on itineraries that span the Mediterranean and Caribbean .235

Matthew and his brother Thomas Locastro, who co-founded the company, drew inspiration from their childhood boating experiences and a desire to make luxury yachting more accessible. Their innovative approach has garnered attention within the industry, particularly as they prepare for the yacht's debut in summer 2024 .246

Highlights

Jan 7 · powerboat.world
Superyacht Holdings' disruptive shared ownership program for 279 ...
You can own part of this 279-foot-long superyacht for $3.2 million ...
You can own part of this 279-foot-long superyacht for $3.2 million ...
James St. John leading Superyacht Holdings, new shared usage ...
James St. John leading Superyacht Holdings, new shared usage ...
Oct 22 · axios.com
The yacht bros who'll sell you part of a megaboat - Axios
The yacht bros who'll sell you part of a megaboat - Axios
Oct 2 · ibinews.com
Superyacht Holdings unveils new ownership program | News
Superyacht Holdings unveils new ownership program | News

Related Questions

What inspired Matthew Locastro to venture into the superyacht industry?
How did Matthew Locastro's experience at the Cannes Film Festival influence his business ideas?
What challenges did Matthew Locastro face when searching for the perfect yacht?
How does Superyacht Holdings' equity ownership model differ from traditional yacht ownership?
What are some unique features of the Victorious superyacht?
Matthew Locastro
Matthew Locastro, photo 1
Matthew Locastro, photo 2
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Location

Silver Spring, Maryland, United States