Abramovich adds US$130 million yacht to collection

Russian billionaire and Chelsea FC owner Roman Abramovich has increased his fleet with the purchase of a new yacht. According to the Moskauer Deutsche Zeitung newspaper, the new James Bond-like creation will be the most expensive yacht in his collection.

The floating palace will be 130 metres long and it's thought to cost $US 130 million, or $US 1 million per metre.

Construction of the German-built mega vessel, code named Sigma, began in 2004 and it will be delivered to Abramovich in April.

The oligarch started collecting yachts nine years ago.