# Billionaire Uses Superyacht to Avoid Property Taxes
Microsoft engineer and billionaire Charles Simonyi reportedly spent approximately half the year aboard a custom superyacht as a strategy to avoid property tax obligations. The vessel served as a mobile residence, allowing him to travel internationally while circumventing local taxation requirements.
According to available reporting, Simonyi's approach also helped him avoid stringent construction regulations in various jurisdictions. The superyacht functioned as a mobile home that enabled global travel while reducing his tax liabilities in locations where he would otherwise be subject to property taxation.
The strategy appears to be based on residency and domicile principles, where spending significant time outside any single jurisdiction can affect tax obligations. Simonyi's use of a custom-built vessel as a primary residence represents an unconventional approach to addressing property tax burdens through geographic mobility.
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