THE world's 15th largest yacht, Indian Empress, was moored off the coast of Majorca yesterday just days after the Russian-owned futuristic yacht A-3940 was spotted off Calvia.
The 312-foot Indian Empress belongs to one of India' s wealthiest men, the business and liquor tycoon Vijay Mallya.
With a net worth of $1.2 billion, Mallya bought the super yacht from the Qatari Royal Family in 2006.
The Indian tycoon is, according to Forbes, the 962nd richest person in the world and is famous for his charismatic personality and his lavish lifestyle.
Mallya's business interests are varied. As chairman of United Breweries Group, which brews the now world-famous Kingfisher beer. He is also the chairman of the Indian low-cost airline Kingfisher and owns a 46 percent share of Air Deccan and intends to merge the two airlines so that Kingfisher will be able to start operating international flights when Air Deccan become eligible to fly overseas later this year.
But Mallya's life is not all about work, he is also passionate about sport.
He was one of the driving forces behind the 20/20 cricket championship in India and he owns the star-studded Royal Challengers Bangalore team in the Indian Premier League.
He has a major interest in horse racing and also owns the Force India (formerly Spyker) Formula One racing team.
He bought Spyker for 88 million euros and Force India is currently making its debut season on the F1 circuit.
Mallya is also helping to organise India's first Grand Prix in Delhi in the 2009-2010 season. He also has a collection of 250 vintage cars.