About US

THE TRUE YACHTSMAN’S MOTOR YACHT

Born from a profound passion for the sea, Palm Beach Motor Yachts epitomizes this enthusiasm in all aspects of our work. Our passion drives our next-generation design and construction technology, fuels our exceptional performance and safety, ensures the highest quality of our motor yachts, and solidifies our relentless commitment to excellence.

A SAILING LIFE

Mark Richards' passion for sailing began at the age of six in Newport, NSW, on Sydney’s Northern Beaches, sailing Manly Juniors. By age 13, he was already working at the Royal Motor Yacht Club, honing his skills as an expert boat handler. Mark's love for the water led him to start a boatbuilding apprenticeship program at Sydney Technical College at 16, where he divided his time between classroom work and hands-on experience at Martin Lewis Shipwrights in Australia’s Pittwater area. His professional yachting career was ignited when he joined Peter Gilmour's crew for the 1986 Columbus Cup, marking the beginning of a remarkable journey in yacht racing.

WHERE THE PASSION BEGINS

Acting on his father’s advice that the “best investment he could make was in himself,” Mark Richards founded Palm Beach Motor Yachts in 1995. Based in Palm Beach on the Northern Beaches of Sydney, Australia, the company quickly gained recognition for its craftsmanship. Mark's vision for the ultimate yachtsman’s powerboat materialized with the creation of the Palm Beach 38 (PB38), Palm Beach 32 (PB32), and the hugely successful Palm Beach 50 (PB50). The PB50 earned "Best New Power Boat" at the prestigious 2010 Newport International Boat Show, a feat repeated with the introduction of the Palm Beach 55 in 2011.

GLOBAL AWARD-WINNING YACHT BRAND

Today, Palm Beach Motor Yachts is a globally celebrated, award-winning motor yacht manufacturer, boasting an impressive line-up of 34 different model variations across its Classic and GT series. Throughout this journey, Mark Richards has adhered to a guiding philosophy: Palm Beach provides clients with vessels that are as close to perfection as humanly possible.

PALM BEACH PHILOSOPHY

Palm Beach Motor Yachts' success is driven by its proprietary V‑WARP Technology®, a revolutionary design and construction process derived from Mark Richards' experience as an ocean-racing champion and shipwright. This technology incorporates a warped, semi-displacement hull form and extensive use of carbon fiber, setting a new industry standard for power-to-weight ratio. This results in class-leading speed and performance, as well as unrivaled fuel economy in these luxury motor yachts. In 2014, Palm Beach Motor Yachts was acquired by Grand Bank Yachts Limited (GBY:SP), a publicly traded company on the Singapore Stock Exchange. Today, Mark Richards serves as the CEO, chief designer, and a major shareholder.

DISCOVER V-WARP^® TECHNOLOGY