Money is Speaking!! Steven Spielberg selling his £120m yacht To get a Bigger One Of £160(Photos)

 Renowned Film director Steven Spielberg ,68 has announced he is selling his £120 million, 282ft megayacht The Seven Seas... because it is too small. He is having a new boat built, for £160 million.

The Seven Seas, which was designed by Nuvolari Lenard and crafted by Dutch shipbuilder Oceanco, already boasts an infinity pool with 15ft glass wall doubling as a movie screen, seven suites for up to 12 guests, a helicopter landing pad, gym, spa, and massage room.

Spielberg is currently renting it out for about £800,000 a week – making it one of the world’s most expensive charters.

A friend said:

‘Steven didn’t realise how much he’d enjoy cruising the ocean. Now he’d like to spend more time exploring the seas, and bring a few friends along for the ride. So he’s upgrading to a bigger yacht.

Spliberg with daughter and boyfriend

Getty Images