The third richest man in the world found out this week that his $500million (around £393million) schooner was too big to be moored with the other private yachts in Port Everglades, Florida.

The ship, which stands at a staggering 416ft, had to be moored with oil tankers and other general container ships.

A spokeswoman for the port, told The Times: 'It's in an area that's for energy ships.

'When we have large yachts that don't fit in your typical marina we fit them where they can fit in the port.'

The ship, which is called Koru, is named after the Maori word for 'new beginnings'.

It arrived in Florida late last Wednesday evening after departing from Gibraltar two weeks earlier.

Earlier this week, exclusive DailyMail.com images showed the opulent three-masted schooner docked at Port Everglades, nestling between gigantic oil tankers and the vast Liberty of the Seas cruise ship.