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The former Lakers star and current professional sports team owner is enjoying his summer vacation in true billionaire style.

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The tax break only applies after yacht owners have spent more than $35,000 in sales taxes on “tangible property,” such as parts, to retrofit, repair or maintain their vessels.

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Boats are meant to float, but a new concept from Italy’s pioneering Lazzarini Design Studio would also have them soar -- sort of.

Giant $8bn yacht double the size of Rome’s Colosseum to become world’s biggest floating city. The boat is named after the supercontinent Pangea and will cost $8bn to build .

Port Everglades charges yachts larger than 400 feet at least $309.50 per 24 hours. Ships that have been closest to Koru include a more-than 610-foot-long oil tanker named Magnolia State.