The Weird and Very Wealthy World of Private Subs

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The Weird and Very Wealthy World of Private Subs
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It’s an expanding club for those with a superyacht, spare millions, and an appetite for risk.

While the big manufacturers are working on more affordable prototypes owning a submarine is still a wealthy man’s game. Many of the boats are so heavy they require a crane to put them in the water and a large garage or superyacht to store them. A good pilot can cost up to $100,000, apilot costs even more. Asked if he had any advice for people looking at getting into subs, Allen said: “You better have a few bucks.

“There is always a part of risk, but the thrill of finding something, of pushing the limits, makes you take the chance,” he said. Kohnen has a slightly more pragmatic view of the industry. He firmly believes that sending humans deep underwater is essential to understanding the world we live in. It’s a commonly repeated fact that we know more about space than we do about the ocean floor, but Kohnen extends this: Once you get deeper than about 100 meters, he said, “no one knows anything.”

Allen’s former submarine pilot, Capt. Les Annan, recently started a Facebook group for private sub enthusiasts, which has about 1,700 members ranging from wealthy owners like Allen to a 17-year-old kid who constructed a three-foot submarine out of sewer pipe, he said. One of the most recent

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