who owns pop yachts

POP Yachts and RVs Mark Ellefsen 573-207-4022

POP Yachts and RVs, works in conjunction with POP Sells, LLC which is the largest privately held boat and RV brokerage in the nation with over 300 Brokers. Brokers are located in USA and Canada.

POP Sells, LLC was established in July 2009 and is headquartered in Sarasota, Florida.

( Florida Secretary of State Registration ) and has sold over 20,000 units.

POP Yachts and RVs has a large inventory of boats and RVs for sale and the inventory is ever-changing and most likely we have the boat or RV for sale that you are looking for.

If you are selling or looking for a boat or RV we can help you sell or find the boat or RV that is for sale that meets your needs.

If the boat or RV that is for sale that you want and is not in our inventory don't worry. We still can help you buy the boat with our Co-Boat Broker services.

We work with all Boat and RV Brokers when it comes to buying or selling a boat or RV. POP Yachts and RV brokerage services will ensure your interests are protected through the whole boat buying process.

POP Yachts and RVs brokerage business model is different than most Boat Brokers. When your boat is for sale with POP Yachts and RVs brokerage you get to use your boat or RV while we market it for you. Don't let you're for sale boat or RV sit on a lot or in a marina while you make payments.

Enjoy your boat and RV while you are trying to sell it by listing it with POP Yachts and RV brokerage.

If your boat or RV is for sale with POP Yachts and RVs brokerage you still have the ability to sell your boat or RV on your own and not pay POP Yachts and RVsbrokerage a commission. You only pay POP Yachts and RVs brokerage a commission if we procure the buyer through our marketing efforts or if the buyer is procured by one of POP Yachts and RVs brokerage or through a Co-Boat Broker agreement.

POP stands for "Paid on Performace". There is no cost to you unless we sell your unit.

Is POP Yachts a Scam? Why Many Believe it Is

In its own words, POP Yachts is a boat broker. Otherwise, its version of an About Us page is filled with the kind of information that most people would expect, which is to say, a description of what it does as well as how it does it but touched up to make it as presentable as possible. Something that isn’t particularly uncommon for business websites to say the least. However, if interested individuals choose to look further using search engines, chances are good that they will turn up further web pages on other webpages with much more unpleasant things to say about the boat broker. Due to this, it is perfectly natural for them to wonder whether POP Yachts is a scam or not.

Is POP Yachts a Scammer?

Unfortunately, there is no simple and straightforward method for telling when a business has crossed the line from being a poor provider of products and services to being a straight-up scam. There are plenty of places where people have posted complaints about POP Yachts. For proof, look no further than the Better Business Bureau , which has provided it with a B- rating based on a total of 11 complaints. Furthermore, it is important to note that the Better Business Bureau has listed a 3-star review based on an aggregate of the customer reviews that have been submitted to it. Curiously, these reviews are either very good or very bad with few reviews that are in-between, which could be interpreted to mean that POP Yachts customers either have very good or very bad experiences. This is further supported by what people have said on various boat forums, which show a fair amount of negativity mixed in with some pretty positive comments.

As for the exact nature of the complaints, they are wide-ranging in nature rather than focused on one or even a small number of issues. In some cases, people complained about POP Yachts representatives misrepresenting the truth, which is a serious warning sign for obvious reasons. In other cases, complaints ranged from the poor attitude of POP Yachts representatives to a lack of response on the part of the boat broker and over-aggressiveness in their attempts to convince boat owners to sell through them. Based on this, it seems reasonable to say that POP Yachts has some serious issues, particularly since the range of reviews posted on a number of websites make it clear that this isn’t just one or two customers who are dissatisfied by their interactions with the boat broker.

Moving on, it is curious to note that POP Yachts claims to be one of the best businesses of its kind when measured using the reviews posted on Trustpilot.com . For those who are unfamiliar with that particular name, Trustpilot.com is a review website where customers can post reviews about the businesses that they have interacted with. Perhaps unsurprisingly, online review sites are filled with dishonest reviews, which are the inevitable outcome when there are such strong incentives at work without the corresponding barriers set up to prevent people from acting upon them. However, Trustpilot.com is particularly concerning because KwikChex has turned up actual examples of fake reviews on its website, which isn’t helped by the fact that the website lets its premium users filter the reviews that interested individuals see without any indication that said reviews have been filtered. Combined, these facts don’t exactly inspire a great deal of confidence in what Trustpilot.com has to say on the matter, particularly when there are so many other complaints on other websites that contradict the substance of this particular claim.

Summed up, there is no simple and straightforward method for determining whether POP Yachts is a scam or not. When one considers the fact that it has been in business for years and years, it seems probable that it isn’t a scam so much as a business that hasn’t been very good at satisfying a substantial number of the customers that it has interacted with. However, whether POP Yachts is a scam or not probably isn’t actually that interesting for most consumers out there. Instead, what most of them are really interested in is whether POP Yachts can be trusted to provide them with their desired service or not, in which case, the answer is at best a “maybe, maybe not.” Suffice to say that this isn’t what anyone would consider to be a stirring endorsement, meaning that interested individuals might want to look elsewhere. Something that is particularly true because there isn’t exactly a shortage of other service providers that can help them with whatever it is that they are looking for in this regard.

How Can You Tell that Something Is a Scam Anyways?

In any case, interested individuals might want to look into the various ways that they can pick up on something being a scam, which should help them avoid a wide range of potential pitfalls. Generally speaking, interested individuals should be suspicious of anything that sounds too good to be true. In fact, they should be suspicious of anything that is making them rush into a decision because that reduces the chances of them making a cool, reasoned-out choice that is in their genuine best interests. Under this light, something that sounds too good to be true is suspicious because it seems designed to encourage them to rush into a decision instead of thinking about it. Similarly, if someone is getting a lot of pressure from the representatives of a business into making a decision, that tends to be rather suspicious as well, though to be perfectly fair, it is possible that they are just pushy salespeople rather than scammers seeking to pressure consumers into making a bad decision.

Besides this, there are various other things to watch out for. For instance, a business that hasn’t existed for very long time is very suspicious because they are a complete and utter unknown, meaning that it is best to look elsewhere. Likewise, if a business has no physical presence at the place that they are claiming, that is even more suspicious. Fortunately, the Internet makes it easier for people to communicate than ever before, meaning that if people are interested, they should have no problems finding more information on how to pick up on potential problems.

Allen Lee is a Toronto-based freelance writer who studied business in school but has since turned to other pursuits. He spends more time than is perhaps wise with his eyes fixed on a screen either reading history books, keeping up with international news, or playing the latest releases on the Steam platform, which serve as the subject matter for much of his writing output. Currently, Lee is practicing the smidgen of Chinese that he picked up while visiting the Chinese mainland in hopes of someday being able to read certain historical texts in their original language.

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

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Mike Lynch, in a suit and carrying a leather briefcase, is walking toward a building.

By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

Who was onboard tech mogul Mike Lynch's Bayesian yacht?

Topic: Disasters, Accidents and Emergency Incidents

Six people are missing, including a man dubbed the British Bill Gates, after a luxury yacht sank off the Sicilian coast.

British tech entrepreneur Mike Lynch — freshly acquitted from a decade-long trial — had invited his work colleagues aboard a trip through the Mediterranean coast when a freak storm saw the yacht sink within moments.

Fifteen people escaped from the sinking vessel. The search for the missing continues.

Here's what we know so far:

What happened?

The Italian coastguard said the yacht — the Bayesian — was anchored off the shore of port city Porticello, near the Sicilian capital Palermo, when it was hit by bad weather sometime after 4am on Monday, local time.

Eyewitnesses said it vanished quickly beneath the waves shortly before dawn.

Managers of the sailing vessel Bayesian, Camper & Nicholsons, confirmed to the ABC that the Bayesian encountered severe weather and subsequently sank.

"Our priority is assisting with the ongoing search and providing all necessary support to the rescued passengers and crew," they said.

"The wind was very strong. Bad weather was expected, but not of this magnitude," a coastguard official told Reuters.

Sicily's civil protection agency head, Salvo Cocina, said a waterspout — a tornado over the water — could have struck the yacht.

"They were in the wrong place at the wrong time," Mr Cocina added.

Storms and heavy rainfall had swept down Italy in recent days after weeks of scorching heat, lifting the temperature of the Mediterranean Sea to record levels and raising the risk of extreme weather conditions, experts told Reuters.

"The sea surface temperature around Sicily was around 30 degrees Celsius, which is almost 3 degrees more than normal. This creates an enormous source of energy that contributes to these storms," meteorologist Luca Mercalli said.

A group of rescuers gather around a stretcher

Rescuers recover the body of one of the people aboard the Bayesian. ( AP: Lucio Ganci )

Captain Karsten Borner of the Sir Robert Baden Powell vessel told journalists he noticed the Bayesian nearby during the storm, but after it calmed he saw a red flare and realised the ship had simply disappeared.

Mr Borner said he and a crew member boarded their tender and found a lifeboat with 15 people, some of them injured, who they then took aboard and alerted the coast guard.

Search crews, including helicopters and divers, are continuing to search the wreckage, lying at a depth of 49 metres.

Specialist divers reached the ship on Monday but access was limited due to objects in the way, the fire brigade said.

The UK Marine Accident Investigation Branch is deploying a team of four inspectors to Italy to conduct a preliminary assessment.

The Foreign Commonwealth and Development office said it was "providing consular support to a number of British nationals and their families".

Sicilian prosecutors have also opened an investigation into the event.

Who is missing?

Lawyer Chris Morvillo (left), entrepreneur Mike Lynch, and Morgan Stanley chairman Jonathan Bloomer are among the missing.

There were 12 passengers and 10 crew members aboard the yacht.

Mr Cocina said the crew and passengers hailed from a variety of countries, including Britain, the United States, Antigua, France, Germany, Ireland, Myanmar, the Netherlands, New Zealand and Spain.

Of the 22, one man is confirmed dead and another six people are still missing.

They are believed to be inside the hull, fire rescue spokesperson Luca Cari said.

Fabio Cefalù, a fisherman who said he responded to a flare from the vessel but found it sunk, said he stayed at the site for three hours without finding anyone.

"I think they are inside, all the missing people," he said.

Rescue teams recovered the body of the yacht's onboard chef on Monday, identified as Antiguan citizen Ricardo Thomas.

The still missing people include:

Mr Lynch's 18-year-old daughter, Hannah
Jonathan Bloomer, chairman of global financial services company Morgan Stanley International
Chris Morvillo , a lawyer at the British multinational law firm Clifford Chance. He worked on Mr Lynch's lawsuit against Hewlett-Packard
The identities of the remaining two missing are still unconfirmed

Who was rescued?

Fifteen people escaped from the sinking ship.

Eight have been hospitalised and others were taken to a nearby hotel.

Charlotte Golunski was among those rescued, recalling the harrowing moments she held her child Sofia above the waves. ( Supplied: Facebook )

Among those rescued were:

Mr Lynch's wife, Angela Bacares, who was the owner of the yacht
Charlotte Golunski and her one-year-old daughter, Sofia. Ms Golunski is a partner at Mr Lynch's firm, Invoke Capital. She says she momentarily lost hold of Sofia in the water but managed to hold her up above the waves until the lifeboat was inflated
Ms Golunski's husband James Emslie
New Zealand captain of the yacht James Catfield. He told Italian newspaper La Repubblica the crew didn't see the storm coming
A lone Dutch citizen was identified by the Dutch foreign ministry as being rescued, but was not identified

Who is Mike Lynch?

Mr Lynch, once hailed as Britain’s king of technology, was recently freed from a Silicon Valley lawsuit that tarnished his legacy.

The 59-year-old Cambridge-educated mathematician created Autonomy , a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.

He received the OBE for his innovation in 2006.

He then sold the software to Hewlett-Packard (HP) for $US11 billion ($16 billion) in 2011, with Mr Lynch personally netting $US800 million.

HP valued Autonomy at $US46 billion ($68 billion) in the months leading up to the deal.

Mike Lynch in 2019 leaving the High Court in London. ( Reuters: Henry Nicholls/File Photo )

But the deal quickly turned sour after he was accused of forging the software's financial records to make the sale.

As part of a decades-long legal battle against HP, Mr Lynch was extradited to the UK on criminal fraud charges.

He steadfastly denied any wrongdoing, asserting that he was being made a scapegoat for HP's own bungling.

He was eventually cleared of all charges in June this year.

Although he avoided a possible prison sentence, Lynch still faced a bill from a civil case in London that HP mostly won during 2022. Damages haven't been determined in that case, but HP is seeking $US4 billion.

Following the San Francisco trial, Mr Lynch said he would return to the UK and do what he loved most: "[being with] my family and innovating in my field."

The holiday appeared to be something of a celebration after Mr Lynch's acquittal, with guests including some of the people who had stood by Lynch throughout the ordeal.

This picture shows the rescue operations off the Sicilian coast. ( AP: Italian Coast Guard )

In a separate act of tragedy, Mr Lynch's co-defendant in the trial, Stephen Chamberlain, died on Monday, after a road accident left him critically injured.

Mr Chamberlain — Autonomy's former vice-president of finance alongside Mr Lynch — was hit by a car in Cambridgeshire on Saturday morning and had been placed on life support.

What is the Bayesian?

The luxury yacht is 56m long sailboat, with a 75m mast labelled as the tallest aluminium mast in the world.

It was previously named Salute when it flew under a Dutch flag.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate up to 12 guests in six suites and a crew of 10, according to online specialist yacht sites. It was last refitted in 2020.

Online charter sites listed it for rent for up to 195,000 euros (about $AU 321,000) a week.

This picture taken on Sunday shows the Bayesian (left) and the Duch sailboat Sir Robert Baden Powell anchored off the coast line. ( AP: Fabio La Bianca/Baia Santa Nicolicchia )

The ship also won a string of awards for its design.

Ms Golunski said the yacht had travelled through the Aeolian Islands, Milazzo and Cefalù before sinking.

It is likely the yacht's name would resonate with Mr Lynch because his PhD thesis and the software that made his fortune was based on Bayesian theory.

Sinking of a superyacht adds to questions billionaire Mike Lynch wanted to put behind him

On left, head shot of Mike Lynch. On right, a view of his yacht, the Bayesian

It was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered 10 of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to HP for $11 billion.

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and Lynch’s wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s codefendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian —an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs the Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, whom he blames. “This is the mistake that cries out for vengeance,” he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the U.K.’s High Court found that the company, which by then had changed its name to Hewlett Packard Enterprise (HPE), had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the U.K. case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year-old baby. One of Invoke’s most prominent bets was a 2013 seed-stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy.

Darktrace insists that the short-sellers’ allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of Aug. 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment, and Darktrace declined to comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch and his wife; Stephen Chamberlain and his wife; the attorney Chris Morvillo—who drowned on the Bayesian —and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A ‘virtually unsinkable’ boat

The sailing party departed Aug. 14—five days before the storm—and comprised 12 guests and 10 crew members. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalù, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the Mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on Aug. 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security footage appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’ s 246-foot-tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank.

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but also came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her 1-year old daughter Sophia as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’ s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife, Judy. The body of Lynch’s 18-year-old daughter, Hannah, was pulled from the sea on Friday.

Photo of Hannah Lynch and her father, Mike

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The U.K.’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

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Yacht Sank in Sicily Due to ‘Endless Chain of Errors,' Ship Maker's Owner Speculates: ‘Everything Was Predictable’

"A series of activities should have been done to avoid finding oneself in that situation," argues Giovanni Costantino, who owns the firm that built the vessel in 2008

Giovanni Costantino — who is the CEO of The Italian Sea Group, the company that now owns Perini Navi, which built the Bayesian in 2008 — blames an "endless chain of errors" for the luxury yacht’s sinking on Monday, Aug. 19
"Everything was predictable. I have the weather charts in front of me here," Constantino told Italian newspaper Corriere della Sera of the storm the boat was caught in
"An unsinkable ship but from the crew an endless chain of errors," the CEO claimed to the outlet

The sinking of the luxury Bayesian yacht off the coast of Sicily this week resulted from an "endless chain of errors" by the crew, the ship maker's CEO is speculating.

"This episode sounds like an unbelievable story, both technically and as a fact," Giovanni Costantino — who leads The Italian Sea Group, the company that now owns Perini Navi, which built the Bayesian in 2008 — said, according to CNN .

While speaking to Italian newspaper Corriere della Sera , Costantino said he believes those on board should not have been in their cabins, as he claims they were, when the Bayesian sank in the early hours of Monday, Aug. 19.

Many details of why the yacht went into the water so quickly remain unclear and it's not yet known what the passengers and crew were doing before tragedy struck.

The 183-foot British vessel sank around 5 a.m. local time on Monday after a "violent storm" while near Porticello, the Italian coast guard said in a statement that was previously obtained by PEOPLE.

"Everything that has been done reveals a very long sum of errors. The people should not have been in the cabins, the boat should not have been at anchor. And then why didn't the crew know about the incoming disturbance?" Costantino said in his interview, translated from Italian.

Related: Italian Authorities Currently Don’t Have Anyone ‘Under Investigation’ over Luxury Yacht Sinking

"The passengers reported an absurd thing, namely that the storm came unexpected, suddenly. It's not true. Everything was predictable. I have the weather charts in front of me here. Nothing came suddenly ... Ask yourself, why was no fisherman from Porticello out that night? A fisherman reads the weather conditions and a ship doesn't? The disturbance was fully readable in all the weather charts. One could not not know," he argued.

"An unsinkable ship but from the crew an endless chain of errors," the CEO asserted.

The coast guard has said 22 people were aboard the Bayesian when it sank — 12 passengers and 10 crew — and that 15 of those were subsequently rescued.

The body of the yacht's chef, Recaldo Thomas, was recovered nearby.

Costantino's comments came as it was reported that five bodies had been found in the search for the missing six people as of Wednesday, Aug. 21, a source close to the rescue operations confirmed to PEOPLE. Authorities have said that their work is ongoing.

An Italian government official, Massimo Mariani, reportedly named one of the dead as British tech tycoon Mike Lynch . The other bodies have not yet been publicly identified by authorities.

Lynch was celebrating with family and friends on the yacht following his acquittal in a fraud trial in June, PEOPLE previously reported.

Related: 'We Are in Shock,' Prominent N.Y.C. Attorney's Firm Says After He and His Wife Go Missing in Yacht Sinking

Costantino offered his view of how the tragedy could have been avoided: "To begin with, in a weather alert situation it was inappropriate to have, as I read, a party. Not that evening. The hull and deck needed to be secured by closing all doors and hatches, after putting the guests at the ship's meeting point as per emergency procedure. Then start the engines and pull up the anchor or release it automatically, put the bow to the wind and lower the keel.

"The next morning they would have departed with zero damage."

When discussing whether the crew were at fault, Costantino reiterated to the Italian outlet that he believes "errors were made."

"A series of activities should have been done to avoid finding oneself in that situation," he said. "I as the ship's captain would have moved, but even if for some reason I had to stay there, I would have managed those weather conditions which then, let's face it, weren't so crazy."

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Costantino contended that there would have been "a zero risk if the correct maneuvers had been made and if situations that compromised the ship's stability had not occurred," adding to the newspaper that reports that the boat went down in seconds is "nonsense." He believes the yacht would have "went down" after water "started to enter" within "six minutes."

The remaining missing Bayesian passengers are Lynch's daughter Hannah as well as Chairman of Morgan Stanley International Jonathan Bloomer, his wife, Judy , and New York City-based lawyer Christopher Morvillo and his wife, Neda , sources have said.

Lynch's wife, Angela Bacares, was among those rescued, PEOPLE previously reported.

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Read the original article on People .

PERINI NAVI PRESS OFFICE/HANDOUT/EPA-EFE/Shutterstock A photo of the 'Bayesian'

Who Owns Which Superyacht? (A Complete Guide)

Have you ever wondered who owns the most luxurious, extravagant, and expensive superyachts? Or how much these lavish vessels are worth? In this complete guide, we’ll explore who owns these magnificent vessels, what amenities they hold, and the cost of these incredible yachts.

Get ready to explore the world of superyachts and the people who own them!

Short Answer

For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world.

Overview of Superyachts

The term superyacht refers to a large, expensive recreational boat that is typically owned by the worlds wealthy elite.

Superyachts can range in price from $30 million to an astonishingly high $400 million.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

In conclusion, owning a superyacht is an exclusive status symbol for the world’s wealthy elite.

Notable owners include the Emir of Qatar, Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Who are the Owners of Superyachts?

From Hollywood celebrities to tech billionaires, superyacht owners come from all walks of life.

Other notable owners include Hollywood stars such as Leonardo DiCaprio and Johnny Depp.

Many are everyday people who have worked hard and saved up to purchase their dream vessel.

These luxurious vessels come with hefty price tags that can range from $30 million to over $400 million.

Many of these yachts are designed to the owner’s exact specifications, ensuring that each one is totally unique and reflects the owner’s individual tastes and personality.

The Most Expensive Superyacht in the World

When it comes to superyachts, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, certainly knows how to make a statement.

In addition, the Al Mirqab features a helipad, swimming pool, and even an outdoor Jacuzzi.

Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos all own luxurious vessels.

Other notable owners of superyachts include Saudi Prince Alwaleed bin Talal, who owns the $200 million Kingdom 5KR, and Oracle founder Larry Ellison, who owns the $200 million Rising Sun.

With their impressive size, luxurious amenities, and hefty price tags, these vessels have become a symbol of wealth and prestige.

Notable Superyacht Owners

At the top of the list is the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who holds the distinction of owning the most expensive superyacht in the world.

The amenities that come with these vessels vary greatly from owner to owner, but they almost always include luxurious swimming pools, helicopter pads, on-board cinemas, and spas.

Whether you’re trying to impress your peers or just looking to enjoy a luxurious outing, owning a superyacht is the ultimate way to show off your wealth.

What Amenities are Included on Superyachts?

The cost of a superyacht can range from $30 million to over $400 million, but the price tag doesnt quite capture the sheer extravagance and amenities of these vessels.

The interior of a superyacht can be custom-designed to the owners specifications.

Some vessels even come with a full-service gym, complete with exercise equipment and trained professionals.

Other amenities may include a library, casino, media room, and private bar.

Many yachts come with outdoor entertainment areas, complete with full kitchens, dining rooms, and lounge areas.

No matter what amenities a superyacht has, it is sure to be an experience like no other.

How Much Do Superyachts Cost?

When it comes to superyachts, the sky is the limit when it comes to cost.

The cost of a superyacht is driven by a variety of factors, including size, amenities, and customization.

The bigger the yacht, the more luxurious features and amenities it will have.

From swimming pools and helicopter pads to on-board cinemas and spas, the sky is the limit when it comes to customizing a superyacht.

Many luxury vessels have custom-designed interiors that are tailored to the owners tastes.

While some may be able to get away with spending a few million dollars, others may end up spending hundreds of millions of dollars on their dream yacht.

Keeping Superyachts Out of the Public Eye

Understandably, these individuals are concerned with privacy and discretion, and therefore tend to take measures to ensure their yachts are not visible to outsiders.

In addition to physical security, some superyacht owners also use technology to keep their vessels out of the public eye.

Finally, some superyacht owners also choose to limit the number of people who have access to their vessels.

These individuals may be required to sign non-disclosure agreements to ensure they do not disclose any information about the yacht or its owner.

Final Thoughts

Superyachts are a symbol of luxury and status, and the list of yacht owners reads like a who’s who of billionaires.

Whether you’re looking to purchase one or just curious to learn more about the owners and their amenities, this guide will provide you with all the information you need to stay up to date with the superyacht scene.

More From Forbes

One haute yacht, the spirit bartech f35 owns speed, style, and control.

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The Spirit Yachts BARTech F35's stylish design dovetails classic lines with modern technology, ... [+] flying on foils while taking on the appearance of a golden era film star.

BAR Technologies and Spirit Yachts dovetailed talent and expertise to deliver a chic luxury launch in May of 2023, the Spirit BARTech F35 . With a gleaming mahogany skin and a nostalgic profile taking inspiration from the Rum Runners of the 1920s, the F35 is a distinctive, scene-stealing craft.

The first fully electric yacht to own a 100 nautical mile range, the F35 flies on foils while powering ahead at what is described as thrilling speed, courtesy of its electric motor and battery system. The yacht set a speed record for the circumnavigation around the Isle of Wight for electric vessels, slashing the existing best time from six hours to just one hour and 56 minutes.

The Spirit Yachts F35 is all about BAR Technologies' foiling design, offering a high level of speed, ... [+] control, and stability.

UK firm BAR Technologies , branched from Ben Ainslee Racing, employs advanced strategies and innovations to deliver efficient, sustainable solutions in answer to client requests. Using Artificial Intelligence, Computational Fluid Dynamics, Design Optimization, Finite Element Analysis, Performance Analysis, and expertise gained from America's Cup designs, BAR Technologies appears at the forefront of engineering for leisure craft as well as commercial vessels and work boats, delivering systems that are sustainable with an emphasis on exceptional results.

Ipswich, Suffolk, UK-based Spirit Yachts is known for precision woodworking and classic yacht design placing an emphasis on sustainable methods and materials. Universally recognized for a high quality aesthetic and functional purpose, Spirit Yachts builds custom wooden motor and sailing yachts. They are experts in creating everything from day sailors and performance racing yachts to blue water cruisers. And, as they point out on their website, occasionally the owner's brief requesting the design embraces all three.

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A chic instrument panel and innovative design with removable panels make the Spirit Yachts BARTech ... [+] F35 a versatile choice, going from a two person spider to a six person entertainer.

Already an owner of a Spirit 111 sailing yacht , the owner of the first F35 wrote a brief that requested a suitable launch to complement the existing yacht. Additionally, the owner requested that the launch be highly efficient, sustainable, and display a classic aesthetic. All squarely within Spirit Yachts' wheelhouse, so to speak, the design process began.

The successful completion resulted in a vessel inspired by sleek Rum Runners of decades past, fitted with BAR Technologies patented fully foiling design that lifts the boat entirely out of the water. Pairing nostalgic good looks with top-of-industry technology, the F35 offers an exclusive, sophisticated, comfortable ride.

Aft cowling panels lift off to reveal additional seating for three and a table, giving the Spirit ... [+] Yachts BARTech F35 a wider range of possibilities.

F35 By The Numbers

A luxury, 35-foot, fully electric foiling launch, the Spirit Yachts BARTech F35 is constructed of carbon skinned cedar planked mahogany veneer. Classing styling disguises the electric propulsion provided by the 24 V battery system, driving the F35 to a top speed of 30 knots, with a cruise speed of 22 knots and a 100 nautical mile range at 20 knots. A coachroof hatch is convenient for drop in battery access.

A "C" category inshore design, the F35 is stable in up to two meter significant wave heights, capable in wind speeds up to Force 6. The Aft foil, as well as the forward foils, are constructed in titanium with a composite trailing edge.

A cool box keeps drinks and snacks chilled. A water ski attachment point is provided by an ensign post fitting.

Flying on foils with at 30 knots, the Spirit Yachts BARTech F35 looks like a solid classic wooden ... [+] boat, but takes to tech for a surprising turn.

About The Partnership

Portsmouth UK firm BAR Technologies partnered with Spirit Yachts to deliver this luxury launch that satisfies the aesthetic while providing speed with a more sustainable footprint. Using its America's Cup design expertise, BAR Technologies was able to extend both speed and distance with this design, while maintaining the chic classic profile owned by Spirit Yachts.

The partnership of Spirit Yachts and BAR Technologies offers a blend of old and new in their F35 ... [+] foiling launch.

BAR Technologies CEO John Cooper notes, "The electric flyer will be the first of a series of boats we design to break new ground as we move into a greener generation of leisure yachts. The Spirit BARTech F35 is a boat of pure elegance that cannot help but attract interest."

Spirit Yachts' Karen Underwood adds, Öur collaboration with BAR Technologies is the epitome of the modern classic ethos on which Spirit Yachts was founded. Beautiful, clean, classic lines and sustainable timber construction married with forward-thinking technology from BAR with no compromise on comfort and efficiency."

Pointing toward a more sustainable yachting lifestyle never looked better.

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Watch CBS News

Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster

By Aimee Picchi

Edited By Anne Marie Lee

Updated on: August 21, 2024 / 12:05 PM EDT / CBS News

Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges .

On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News.

Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people.

But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied.

The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts.

"I am looking forward to returning to the U.K. and getting back to what I love most — my family and innovating in my field," Lynch said in a statement after the verdict.

Here's what to know about Lynch.

What company did Mike Lynch start?

Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian.

From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.")

The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents.

Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K.

"I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper.

What happened after Autonomy's acquisition by HP?

At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman.

HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged.

Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong."

What happened with Mike Lynch's legal case?

Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate.

Who is Mike Lynch's wife?

Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC.

Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July.

"We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month.

— With reporting by the Associated Press.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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10 of the most impressive superyachts owned by billionaires

From a sailing yacht owned by a russian billionaire industrialist to the luxury launch of the patek philippe ceo, here are the best billionaire-owned boats on the water….

Words: Jonathan Wells

There’s something about billionaires and big boats . Whether they’re superyachts or megayachts, men with money love to splash out on these sizeable sea-going giants. And that all began in 1954 — with the big dreams of Greek shipping magnate Aristotle Onassis.

Onassis, keen to keep his luxury lifestyle afloat when at sea, bought Canadian anti-submarine frigate HMCS Stormont after World War II. He spent millions turning it into an opulent super yacht, named it after his daughter — and the Christina O kicked off a trend among tycoons. To this day, the world’s richest men remain locked in an arms race to build the biggest, fastest, most impressive superyacht of all. Here are 10 of our favourites…

Eclipse, owned by Roman Abramovich

Built by: Blohm+Voss of Hamburg, with interiors and exteriors designed by Terence Disdale. Launched in 2009, it cost $500 million (the equivalent of £623 million today).

Owned by: Russian businessman Roman Abramovich, the owner of private investment company Millhouse LLC and owner of Chelsea Football Club. His current net worth is $17.4 billion.

Key features: 162.5 metres in length / 9 decks / Top speed of 22 knots / Two swimming pools / Disco hall / Mini submarine / 2 helicopter pads / 24 guest cabins

Sailing Yacht A, owned by Andrey Melnichenko

Built by: Nobiskrug, a shipyard on the Eider River in Germany. The original idea came from Jacques Garcia, with interiors designed by Philippe Starck and a reported price tag of over $400 million.

Owned by: Russian billionaire industrialist Andrey Melnichenko, the main beneficiary of both the fertiliser producing EuroChem Group and the coal energy company SUEK. Though his current net worth is $18.7 billion, Sailing Yacht A was seized in Trieste on 12 March 2022 due to the EU’s sanctions on Russian businessmen.

Key features: 119 metres in length / 8 decks / Top speed of 21 knots / Freestanding carbon-fibre rotating masts / Underwater observation pod / 14 guests

Symphony, owned by Bernard Arnault

Built by: Feadship, the fabled shipyard headquartered in Haarlem in The Netherlands. With an exterior designed by Tim Heywood, it reportedly cost around $150 million to construct.

Owned by: French billionaire businessman and art collector Bernard Arnault. Chairman and chief executive of LVMH, the world’s largest luxury goods company, his current net worth is $145.8 billion.

Key features: 101.5 metres in length / 6 decks / Top speed of 22 knots / 6-metre glass-bottom swimming pool / Outdoor cinema / Sundeck Jacuzzi / 8 guest cabins

Faith, owned by Michael Latifi

Built by: Similarly to Symphony above, also Feadship. With exteriors designed by Beaulieu-based RWD, and interiors by Chahan Design, it cost a reported $200 million to construct in 2017.

Owned by: Until recently, Canadian billionaire and part-owner of the Aston Martin Formula 1 Team , Lawrence Stroll. Recently sold to Michael Latifi, father of F1 star Nicholas , a fellow Canadian businessman with a net worth of just under $2 billion.

Key features: 97 metres in length / 9 guest cabins / Glass-bottom swimming pool — with bar / Bell 429 helicopter

Amevi, owned by Lakshmi Mittal

Built by: The Oceanco shipyard, also in The Netherlands. With exterior design by Nuvolari & Lenard and interior design by Alberto Pinto, it launched in 2007 (and cost around $125 million to construct).

Owned by: Indian steel magnate Lakshmi Mittal, chairman and CEO of Arcelor Mittal, the world’s largest steelmaking company. He owns 20% of Queen Park Rangers, and has a net worth of $18 billion.

Key features: 80 metres in length / 6 decks / Top speed of 18.5 knots / On-deck Jacuzzi / Helipad / Swimming Pool / Tender Garage / 8 guest cabins

Odessa II, owned by Len Blavatnik

Built by: Nobiskrug, the same German shipyard that built Sailing Yacht A . Both interior and exterior were created by Focus Yacht Design, and the yacht was launched in 2013 with a cost of $80 million.

Owned by: British businessman Sir Leonard Blavatnik. Founder of Access Industries — a multinational industrial group with current holdings in Warner Music Group, Spotify and the Grand-Hôtel du Cap-Ferrat — he is worth $39.9 billion.

Key features: 74 metres in length / 6 guest cabins / Top speed of 18 knots / Intimate beach club / Baby grand piano / Private master cabhin terrace / Outdoor cinema

Nautilus, owned by Thierry Stern

Built by: Italian shipyard Perini Navi in 2014. With interiors by Rémi Tessier and exterior design by Philippe Briand, Nautilus was estimated to cost around $90 million to construct.

Owned by: Patek Philippe CEO Thierry Stern. Alongside his Gulstream G650 private jet, Nautilus — named for the famous sports watch — is his most costly mode of transport. His current net worth is $3 billion.

Key features: 73 metres in length / 7 guest cabins / Top speed of 16.5 knots / Dedicated wellness deck / 3.5 metre resistance pool / Underfloor heating / Jet Skis

Silver Angel, owned by Richard Caring

Built by: Luxury Italian boatbuilder Benetti. Launched in 2009, the yacht’s interior has been designed by Argent Design and her exterior styling is by Stefano Natucci.

Owned by: Richard Caring, British businessman and multi-millionaire (his wealth peaked at £1.05 billion, so he still makes the cut). Chairman of Caprice Holdings, he owns The Ivy restaurants.

Key features: 64.5 metres in length / Cruising speed of 15 knots / 7 guest cabins / Lalique decor / 5 decks / Oval Jacuzzi pool / Sun deck bar / Aft deck dining table

Lady Beatrice, owned by Frederick Barclay

Built by: Feadship and Royal Van Lent in 1993. Exteriors were created by De Voogt Naval Architects, with interiors by Bannenberg Designs. She cost the equivalent of £63 million to build.

Owned by: Sir David Barclay and his late brother Sir Frederick. The ‘Barclay Brothers’ had joint business pursuits including The Spectator , The Telegraph and delivery company Yodel. Current net worth: £7 billion.

Key features: 60 metres in length / 18 knots maximum speed / Monaco home port / Named for the brothers’ mother, Beatrice Cecelia Taylor / 8 guest cabins

Space, owned by Laurence Graff

Built by: Space was the first in Feadship’s F45 Vantage series , styled by Sinot Exclusive Yacht Design and launched in 2007. She cost a reported $25 million to construct.

Owned by: Laurence Graff, English jeweller and billionaire businessman. As the founder of Graff Diamonds, he has a global business presence and a current net worth of $6.26 billion.

Key features: 45 metres in length / Top speed of 16 knots / Al fresco dining area / Sun deck Jacuzzi / Breakfast bar / Swimming platform / Steam room

Want more yachts? Here’s the handcradfted, homegrown history of Princess…

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Jeff Bezos' fanciest toys, from a superyacht to the newest Gulfstream jet

Amazon founder Jeff Bezos owns expensive properties, planes, and a megayacht.
His most recent acquisitions include mansions on an island in Florida and the latest Gulfstream jet.
Here's a rundown of Bezos' most expensive toys.

Jeff Bezos has become one of the world's richest people , so it's no surprise that he's purchased lots of expensive toys, from a megayacht to houses on a private island in Florida.

Bezos has a net worth of $192.3 billion and is currently the second-richest person in the world, according to Forbes .

Bezos has invested some of the money that he's made since founding Amazon in 1994 into other businesses. He founded rocket and aerospace company Blue Origin in 2000, for instance. And in 2013, he acquired The Washington Post. This year, he also sold some of his Amazon shares to fund Day 1 Academies , a chain of nonprofit preschools that he founded.

But Bezos has also spent hundreds of millions on planes, a yacht, houses, and other property. A representative for Bezos didn't respond to a request for comment from Business Insider.

Here's a look at the Bezos-owned planes, yachts, and houses that we know about:

One of Bezos' newest acquisitions seems to be a Gulfstream G700.

Bezos's newest private jet appears to be a Gulfstream G700, according to data from JetSpy. The Amazon founder likely took possession of the plane in July, flight data shows.

The G700 just got approval to fly from the FAA in March and is worth around $80 million, BI previously reported.

The Gulfstream would be Bezos' fourth jet.

The G700 is the latest private jet purchased by Bezo, who has collected multiple private planes over the years.

He previously purchased two Gulfstream G650ERs as well as a Pilatus PC-24, BI reported. With the addition of the G700, Bezo's aircraft are now collectively worth more than $200 million.

Through the same LLC that his two G650ERs are registered to, Bezos has also owned a hangar in Seattle since 2015.

Bezos also has a megayacht called Koru.

Koru , a 127-meter yacht, made her debut in 2023 with a trek around the Mediterranean. The vessel cost about $500 million and includes the Abeona, a support vessel, BI previously reported.

The yacht has hosted celebrities from Bill Gates to Leonardo DiCaprio . Bezos and fianc ée Lauren Sánchez also had their engagement party aboard Koru last year.

Bezos recently bought three mansions on an exclusive island off of Miami.

Over the past year, Bezos has acquired three homes in Indian Creek Village , an island off of Miami known for its lux residences. Other notable property owners there include Tom Brady and Carl Icahn.

Bezos has spent $237 million between the three properties.

He also owns property in the nation's capital.

In 2016, two years before Amazon announced that it was building its HQ2 in Arlington, Virginia, then-Amazon CEO Bezos paid $23 million for a compound across the river in Washington, D.C.

Bezos then spent another $12 million renovating the two-structure property, which previously hosted a textile museum. The property features a ballroom, 11 bedrooms, and 25 bathrooms, BI reported in 2018.

The mansions are just a few properties amongst Bezos' extensive real estate holdings.

The Amazon co-founder owns properties in his company's hometown, including a lakeside compound with a private shoreline, boathouse, and a waterslide.

But his real estate holdings extend far beyond the Pacific Northwest.

In West Texas, Bezos acquired the Figure 2 Ranch, a 30,000-acre property, in 2004, Architectural Digest reported in May. The ranch plays host to Blue Origin.

Bezos' other holdings include homes in Beverly Hills and luxury apartments in Manhattan, according to Architectural Digest.

Main content

Taylor Swift wasn't at the 2024 Derby, but Travis Kelce was, and now he owns this horse.

After making headlines for attending the Kentucky Derby earlier this year, it seems NFL player Travis Kelce wanted to get in on the action himself.

Team Valor announced this week that Kelce acquired a significant share of a racing horse whose name bears resemblance his pop-star girlfriend, Taylor Swift.

The horse is named Swift Delivery.

About Swift Delivery

Swift Delivery is a 3-year-old gelding that is owned by Team Valor and Gary Barber.

According to the release , Swift Delivery won his first start for Team Valor and Barber in an allowance race July 19 at Woodbine, which followed a 16 1/2-length runaway in a June 23 maiden race there when racing solely for Barber.

During the first year of his career in 2023, Swift Delivery earned just over $8,000. In his second year, 2024, he earned almost nine times that amount and earned close to $72,000, according to EquiBase .

About Travis Kelce

Kelce, who is a Super Bowl-winning tight end for the Kansas City Chiefs, started making headlines after publicly pursuing singer-songwriter Taylor Swift after he attended her Eras Tour show in Kanas City in July 2023.

The couple unofficially confirmed their relationship in September 2023 when she attended her first Chiefs game.

Kelce attended the Kentucky Derby this year, and while the internet wondered if Swift might join him at Churchill Downs, she did not.

'Is he running a speakeasy?' Travis Kelce is getting teased on social media for his derby outfit

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on-board-with-superyacht-owner-hal-griffith

On Board With Hal Griffith, Owner of 44 Metre Superyacht I Love This Boat

American Businessman Hal Griffith talks to Cecile Gauert about why he loves his 44-metre Christensen yacht.

“It’s such a great name because it just says exactly the way you feel. You know, I Love This Boat ,” says Hal Griffith, speaking about his 44.2- metre Christensen . A raconteur and affable host, Griffith is generous with his time as he delves into his family business and his extensive experience with boats. We’ve settled into wide chairs on his terrace that overlooks the water, rock music from a yacht (not his) docked next door ricocheting off the water.

Griffith is most often described as a developer, but he has been involved in a variety of business ventures in his lifetime. “You win some, you lose some and at the end of it, you hope to come out ahead,” he says. It looks as if he’s been able to come out ahead. He splits his life between homes on the East and West Coasts of the US and enjoys boating on both sides of the continent. One of his investments is within eyesight of his newly finished waterfront terrace in South Florida. He points to a row of boats across the water, all neatly docked in the slips he’s acquired. But it is several thousand kilometres away that he may have made his biggest mark. In 2012, Seattle magazine voted him one of the city’s most influential people.

What earned him that distinction was the opening of one of the area’s most popular attractions. We’re not talking about the Space Needle, but a 53-metre Ferris wheel with air-conditioned gondolas that allows visitors to get a bird’s-eye view of the city, Elliott Bay and the Olympic Mountains on a clear day. It’s not quite the London Eye, but it is one of the biggest Ferris wheels in the American West. He tried for 30 years to get it built and had all but given up when one of his three sons lit a spark under the whole idea again. “Kyle was a real inspiration. He did a lot of the legwork and we were finally able to pull that together and get it open.”

They reformulated the idea, measured up the space they needed and finally got approval to build the wheel at the very end of a pier that the family owns. Pier 57 is a fun family place with souvenir shops, eateries and a tourist attraction, known as Miners Landing. “It’s a festival mall so to speak and we have everything on it from retail gift shops, a merry-go-round and the wheel. There’s also fine dining, moderate dining, fast food and a bakery; we bake our own breads and make our own ice cream,” Griffith says.

Seattle has no shortage of attractive neighbourhoods, but its waterfront needed some attention a few years back and the wheel helped kick-start a change. “It’s helped revitalise the waterfront,” he says. At the time, Seattle was in the midst of a major infrastructure project that cut off the city from its shore and Griffith believed this eye-catching attraction could help draw people back.

His life is very much tied to that particular area, which is where he began his career in the mid-1960s. He was born in California but moved to Seattle with his family when he was very young. He began work early – “I struggled through high school,” he says. His first job was in sales for a chemical company, but he had an entrepreneurial streak and started an advertising agency.

Then, from a mentor who took a liking to the inquisitive young man, Griffith learned he could make money selling salvaged cargo and opened a store named Salvage Mart (Mart standing for marine, air, rail and truck). Very early on, he figured out that “in order to be successful you need to diversify”. Griffith began supplementing the cargo salvage with other merchandise and the store became known as Pirates Plunder.

The wives of local halibut fishermen and the way they prepared and cooked fish gave him another idea. “They put this big steel box on the sidewalk, filled it with sand and built an alder fire in it with a grate on top. They laid the halibut on top in foil and smoked it over alder,” he recalls. “And I thought, ‘That’s a great idea.’”

Pretty soon he was in the restaurant business as well. Additional concepts were inspired by his boating experiences in the Pacific Northwest, where he regularly met up with friends. They would set traps or lines and share crab, mussels, clams, oysters, salmon or whatever bounty they’d have collected. At the end of the day, they often had a “big pot of clams going and a big pile of shrimp going”, he says, “all very rustic and very fun”. A couple of the restaurants on Pier 57 recreate that experience, minus the fishing . “That’s the fun thing about doing what we do. You see something that is different and then you put your own imagination to that. I’ve always felt you didn’t have to go buy a franchise or something that’s all laid up for you. Creating for yourself is just as easy,” he says.

What he was trying to build in Seattle caught the attention of others further down the Pacific coast. He was invited to San Francisco to look at a pier there. “Pier 39 at that time was nothing but a great big empty shed. They offered that to me if I wanted to do it.” He was too busy with his Seattle project and a bit strapped for cash. “I was having trouble rubbing two nickels to get there, so I never really could follow through and do it.” But he does not seem to have too many regrets about passing on the now famous landmark.

Born in 1937, he is at a stage of life where he travelling with his growing family. But he is still very much involved in the family business. “I try to keep the kids thinking, doing things that are adventurous and different,” he says. “That’s what keeps anybody going.”

A couple of current projects include a chain of Italian restaurants called Enzo’s opening in California – seafood doesn’t really work in the desert, he points out – and a marina for transient yachts near Dent Island in British Columbia , one of his favourite cruising grounds. The marina has a clever energy-management system with generators and a solar inverter, which adjusts to power demand. “By doing that, we can save thousands of gallons of fuel.”

Growing up on the water, Griffith always played around in boats. One of the first vessels he remembers owning was a Willits sailing canoe, handmade in Tacoma, Washington, which he wishes he had kept as they are now regarded as valuable antiques.

When they married, Hal and his wife, Joan, took a nine-metre sailboat to the San Juan Islands, having never sailed or spent the night on the boat before. They continued sailing for a few years, but grew tired of being the last ones to arrive when they met up with friends who had powerboats. Eventually they switched to motor yachts (starting with a Pacific Northwest-made Tollycraft 44) and never looked back. Little by little, the boats got bigger. Many years on, there was a 23.7-metre Hargrave , named Crab Pot after one of their restaurants, and then they built a 30.7-metre Hargrave named Sea Venture .

The couple split up the tasks, with Hal doing the driving and mechanics and Joan cleaning and cooking. “I grew up in an area and a time when you needed to know how to do things,” he says. “I maintain that, unless you have a mechanical aptitude, you shouldn’t own a boat.”

When it became a bit harder for them to handle the lines and run up and down the decks, they started to warm to the idea of a bigger boat with a couple of crew. An offer he made on a 39.6-metre yacht he saw at the Fort Lauderdale Boat Show didn’t work out, but then the Christensen became available and they were interested.

He appreciates that the yacht is very special. One of the most expensive yachts Christensen has built (as Primadonna in 2002 and later Aghassi), she has a custom interior by the late Italian-American designer Paola Smith, an ex-model and singer who forged a brilliant career as an award-winning designer. It needed some work, and after Hal and Joan bought I Love This Boat more than two years ago, they invested time and effort in restoring the mechanics, upgrading all electronics and refreshing the interior, which includes lovely hand-carved furniture handles made of crystal. Griffith only discovered that after he sought to replace a broken one. They had in mind to offer the yacht for charter when they are not using it. “We put on all the toys, all the stuff that people want,” he says. And charter , he says, “is the priority”.

They are, of course, enjoying the yacht themselves and adjusting to a different way of boating. “We have a very fine crew and like getting on the boat and not worrying about things,” says Griffith, who routinely lost nine kilograms during a summer of running his previous boats. “It’s really hard work, and the crew deserves a lot of credit. We just had four couples on the boat in the BVIs . We spent a week on board, and they thought they were in heaven.”

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