eddie lampert fountainhead yacht

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FOUNTAINHEAD Yacht – Majestic $130M Superyacht

She was delivered in 2011 from Feadship featuring an interior design from Sinot Yacht Design and Axel Vervoodt.

She features naval architecture by De Voogt Naval Architects. There are not many details known about the interior or amenities of the impressively sized yacht, but she is a close match to her near sister ship MUSASHI, which also features design from Sinot Yacht Design.

The incredible vessel turns heads on the water for her striking good looks and sheer size on the water.

FOUNTAINHEAD yacht interior

The interior of the FOUNTAINHEAD Yacht is designed by Sinot Yacht Design and Axel Vervoodt . She can comfortably accommodate 14 guests in 7 suites.

Although she is a famous superyacht, very few details are known about her interior, and there are no known interior images.

She closely resembles her near sister ship MUSASHI, owned by Larry Ellison, who also features interior design from Sinot with a minimalistic interior style and hints of art deco.

Sander Sinot has a background in industrial design and understands how to bring together amazing design elements down to every detail on the vessel.

FOUNTAINHEAD was designed to offer a family home on the water with an inviting interior, gym, contraflow swimming pool, and plenty of water toys and tenders for guests to enjoy a fun time.

The FOUNTAINHEAD yacht features exterior design and naval architecture by De Voogt Naval Architects .

She was built by Feadship and delivered from their Koninklijke De Vries shipyard at Makkumin in 2011.

She is an XL Feadship Superyacht and was one of the largest models the shipyard produced in 2011.

She has a steel hull, and aluminum superstructure all in white and teak decks. The exterior is defined by window panels all around the yacht.

Specifications

The FOUNTAINHEAD yacht is an 87.78m yacht with a 13.9m beam and a 4.1m draft. The vessel can reach a top speed of 21 knots, with her 2 MTU engines maintaining a cruising speed of 15 knots.

FOUNTAINHEAD has a displacement of 2463 gross tons and an estimated range of 6000 nautical miles.

She is valued at approximately $130 million with an annual running cost of $10 – $13 million. The vessel is built to Lloyds Register Classification Society Rules.

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$130M megayacht owned by former Sears Holdings CEO visits Charleston Harbor

by Matt Dillane

CHARLESTON, S.C. (WCIV) — A very luxurious vessel made a stop in Charleston Harbor over the weekend.

Fountainhead, a megayacht owned by former Sears Holdings CEO and chairman Eddie Lampert, was spotted in the Lowcountry.

The vessel, which has an estimated value of $130 million, measures in with an overall length of 87.78 meters (288 feet) and has been in service since 2011.

• Special Message on Folly Boat: With a special message on the Folly Boat, a local veteran honors 9/11 first responders

According to Patrick Harwood, who provided pictures of the impressive vessel to ABC News 4, the yacht previously docked in Charleston back in 2017.

On the stern, the flag of the Cayman Islands, where the yacht is flagged, could be seen flying.

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Miami Yacht Watch: The glorious Fountainhead returns

Not owned by Mark Cuban but Sears CEO Eddie Lampert

A post shared by Buster Bark (@busterbark) on Jul 9, 2017 at 8:12am PDT

Miami is a common host for extravagant yachts at all times of the year. Track these magnificent vessels and their outlandish toys with Miami Yacht Watch , which typically runs weekly on Curbed Miami.

The 288-foot Fountainhead, which has been mistakingly tied to Dallas Mavericks owner and Shark Tank star Mark Cuban as its proprietor, has returned to Miami from Port Everglades.

Currently docked at Island Gardens Deep Harbour Marina on Watson Island, the extravagant superyacht valued at an estimated $130 million actually belongs to billionaire Sears CEO Eddie Lampert, who apparently tells people — in jest — Cuban is the owner, according to the New York Post .

“The guy who owns the boat tells everyone that it’s mine,” Cuban told Page Six. “It’s so crazy . . . I don’t even own a boat.”

Heightening the false rumor is the fact Fountainhead features a basketball hoop on its aft. The yacht is somehow only the 72nd largest in the world, per Boat International . Fountainhead is equipped to house 14 guests and additionally includes a library, a recreation room, a full gym and health club, and a contra-flow swimming pool.

A post shared by Michael Lara (@surfhanalei) on Nov 4, 2017 at 11:53am PDT

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Sears chairman Eddie Lampert has a net worth of $1 billion - from a $130 million yacht to a home on 'billionaire bunker' island, here's how he spends his fortune

REUTERS/Peter Morgan PM

Sears chairman Eddie Lampert.

• Eddie Lampert , the chairman and former CEO of Sears , has an estimated net worth of $1 billion.
• Lampert owns three homes, including one on the wealthy "Billionaire Bunker" island in Florida, and also owns a $130 million yacht.
• Lampert is a member of the ultra-exclusive Skull and Bones society at Yale University.
• In 2003, he was kidnapped and held at gunpoint - only to negotiate his way free.

Eddie Lampert, the chairman and former CEO of Sears, has had an eventful career.

With an estimated net worth of $1 billion , Lampert was once hailed as a genius hedge-fund manager and the next Warren Buffett. He's a member of Yale's ultra-exclusive Skull and Bones secret society, along with three former presidents, and his college roommate was eventual US Secretary of Treasury Steven Mnuchin.

He also managed to save Kmart from bankruptcy in the early 2000s, but not before he was kidnapped and held at gunpoint for 30 hours in a Connecticut hotel. He reportedly talked his captors into releasing him, then capped off the Kmart deal a week later.

Now, after Lampert merged Kmart with Sears, the department store is now on the brink of liquidation .

Lampert has garnered criticism for his management of Sears, which he reportedly runs from his sprawling, $38 million estate in a wealthy Florida community known as " billionaire bunker ." The wealthy executive also owns houses in Connecticut and Colorado, not to mention a $130 million yacht.

Read on to see how Sears' embattled chairman made - and spends - his $1 billion fortune.

Eddie Lampert, 56, is the chairman of Sears Holdings, the company that owns Sears and Kmart.

Source : Forbes

Lampert's net worth is an estimated $1 billion, and he hasn't been shy about spending: He owns three sprawling homes and a $130 million yacht.

Source : Business Insider

But Lampert wasn't always this wealthy. Although he grew up in an affluent family in Roslyn, New York, life changed at age 14 when his father, a successful attorney, died of a heart attack. Lampert helped his family make ends meet by taking jobs at warehouses stocking shelves and packing boxes.

Source: CNN

Lampert attended Yale University with the help of financial aid and student loans. His roommate was Steven Mnuchin, who would eventually work for Lampert's hedge fund and go on to become US Secretary of the Treasury.

While at Yale, Lampert was inducted into the ultra-exclusive Skull and Bones, a secret society whose short list of members includes business magnates, political elites, and three former presidents.

Sources : Business Insider , CNN

After school, Lampert interned for Goldman Sachs and then founded a hedge fund, ESL Investments. One of his biggest moments as an investor came when he began purchasing AutoZone shares in 1998. After driving up the price of the shares, he sold them in 2012 for about $1.5 billion.

Source : MarketWatch , Vanity Fair

Lampert's 'unnatural patience' and investing style led financial media to dub him the next Warren Buffett. Time magazine called him part of the 'new breed' of hedge fund managers and one of the 'brightest minds on Wall Street.'

Source : Time

In 2003, he bought Kmart out of bankruptcy and took control of the company, enacting several cost-cutting measures that kept the company alive.

Source : Vanity Fair

But a week before the deal was made official, Lampert was abducted from the garage of his Connecticut office building. His four kidnappers held him in a hotel for two days and told him they had been offered $3 million to kill him.

Law-enforcement officials said Lampert may have saved his own life by negotiating to pay his captors $5 million. They dropped him off along a highway and he walked to nearby police station. Police traced the kidnappers through stolen credit-card transactions.

Source : Hartford Courant

Lampert sealed the Kmart deal the next week. The Wall Street Journal called his abduction 'one of the most unexpected events ever to factor into a major corporate restructuring.'

Source : Wall Street Journal

A year later, Lampert merged Kmart with Sears. Since the merger, Sears has seen a steep decline, and is now on the verge of liquidation.

Lampert now stays out of the spotlight, and has been described as 'reclusive.' He rarely visits Sears headquarters in Chicago, instead running the company from his Florida home. He and his wife Kinga Lampert have 3 children.

Source: Vanity Fair

That home, located in the wealthy Indian Creek community off Miami's coast, is a sprawling estate worth $38 million.

The 86 residents of Indian Creek include Enrique Iglesias, Adriana Lima, Don Shula, and Carl Icahn. The island has been called 'Billionaire bunker' because of its private police force.

Source : Business Insider , Forbes

Lampert also owns a $26 million property in Connecticut, a $14.5 million home in Colorado, and a 288-foot yacht called Fountainhead.

Lampert's wealth stands in stark contrast to the state of sears stores, some of which are plagued by empty shelves and damaged interiors..

Lampert now appears to have one last chance to save the department store, with a judge set to assess his $4.4 billion takeover bid on Monday.

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Over-The-Top Celebrity-Owned Yachts

Being a star comes with a lot of perks, including plenty of luxurious vacations. But no getaway is more extravagant than those taken on a private yacht. To escape the stresses of their daily lives, these rich and famous figures shelled out for their own mega-vessels, which come equipped with everything from pools to gyms to movie theaters. Here’s a closer look at some of the biggest and most impressive yachts owned by celebrities.

Steve Jobs — Venus , $100 Million

Venus was built specifically for the Apple founder, although it sadly wasn’t completed until a year after his death in 2011. The sleek superyacht, which remains under the ownership of the Jobs’ family, is 257 feet long and boasts an innovative glass-covered exterior design. As seen in photos shared with Boat International  in 2015, the bridge of the vessel is outfitted with seven 27-inch iMacs.

Roberto Cavalli — Roberto Cavalli , $14 Million

Italian fashion designer Roberto Cavalli enjoys cruising around in his eponymous boat, which is recognizable for its bold, colorful exterior. The yacht is reportedly coated in color-changing paint that includes a range of green, purple, blue and gold hues.

“Many people ask me, ‘Which color is your boat?’ Honestly, I don’t know because it depends on what time. In the morning, it’s a dark blue, and sometimes it’s even gold.” Cavalli said of the design, per Racked .

Domenico Dolce And Stefano Gabbana — Regina D’Italia , $60 Million

Designers Domenico Dolce and Stefano Gabbana, known as the duo behind Dolce & Gabbana, own a yacht named  Regina D’Italia , which reportedly houses around 12 guests. According to Racked , the boat boasts lavish details throughout the interior, including gold-veined marble floors, gold bathroom taps studded with sapphires and rubies and leopard-skin throws. But perhaps the coolest feature? A giant, custom-built, inflatable slide.

Giorgio Armani — Main , $60 Million

Giorgio Armani shelled out more than $60 million to build his 213-foot yacht, Main . It reportedly took 30 months to build the vessel at Italy’s Codecasa Shipyards.

“The costs [of upkeep] are extraordinary,” the designer told Harper’s Bazaar in 2010. “When you decide to have a boat like this, a thousand euros is nothing. It’s a drop in the bucket.”

Johnny Depp — Vajoliroja / Amphitrite , $30 Million

The Vajoliroja once belonged to Johnny Depp. The yacht got its unique moniker by blending his name with those of his former girlfriend Vanessa Paradis and their two children Lily-Rose and Jack. The 156-foot-long yacht, which has a state of the art communications and entertainment system, was later renamed Amphitrite .  

J.K. Rowling — Amphitrite , $30 Million

J.K. Rowling bought the Amphitrite , previously owned by Depp, in 2016. According to The Telegraph , she was entranced by the vessel when she and her family chartered it for a trip. But she apparently had a change of heart shortly after, putting it up for sale less than a year later.  

Paul Allen — Octopus , $200 Million

Late Microsoft co-founder Paul Allen shelled out about $200 million to build this 414-foot yacht, Octopus . The boat boasts some amazing amenities, including a glass-bottom pool, two helicopters, a movie theater and a basketball court. It also consists of 41 suites that accommodate over two dozen guests.  

David Geffen — Rising Sun , $400 Million

Record executive, film producer and DreamWorks co-founder David Geffen owns the impressive superyacht Rising Sun , which is one of the largest in the world. The boat reportedly cost over $200 million to build. It also boasts 82 rooms, including a movie theater and a basketball court.

Shaquille O’Neal — Free Throw , $1.7 Million

This yacht’s name is quite appropriate considering its owner. The name of the yacht came from his son, Shareef, who gave it name so that his father would “never sink it”. A clever jab at how O’Neal would rarely ever sink a basket when making a free throw while in the NBA. Shaq’s a little tight-lipped when it comes to his yacht’s commodities, but it’s certainly a beauty.

Rafael Nadal — Beethoven , $3 Million

Tennis star Rafael Nadal bought the Monte Carlo Yachts model MCY 76, and named it Beethoven , in 2016. Italian design team Nuvolari Lenard designed both the interior and exterior.  

“The main saloon is totally open and not like other boats where there is a living area, then a closed galley and a separate helm position,” Nadal told Boat International . “I like the fact that I can sit in the saloon and see out the front; it makes the boat feel bigger.”

Roman Abramovich — Eclipse , $700 Million

The Russian-Israeli businessman and owner of English Premier League’s Chelsea Football Club owns the second-largest private yacht in the world . The 533-foot-long boat, named Eclipse, took five years to design, develop and construct. It boasts two helicopters pads, 24 guest cabins, two swimming pools, multiple hot tubs and a disco hall.  

Tiger Woods — Privacy , $20 Million

Tiger Woods owns a $20 million, 155-foot-long luxury liner named Privacy, seen here outside one of his homes. According to Business Insider , the famous golfer bought the yacht in 2004, even spending his wedding night with ex-wife Elin Nordegren on board. The boat is big enough to sleep over a dozen people and reportedly has a theater, a gym and jacuzzi.

Larry Ellison — Musashi , $160 Million

Oracle co-founder Larry Ellison was the previous owner of David Geffen’s Rising Sun . After deciding it was too big, he sold the mammoth yacht to Geffen in 2010. He now owns the smaller, but still luxurious, 288-foot vessel  Musashi .  

Sheikh Hamdan Bin Mohammed Al Maktoum — Smeralda , $75 Million

The crown prince of Dubai, who often catalogs his life of luxury on Instagram , reportedly owns multiple yachts. One of them is Smeralda , which can accommodate over 20 guests and boasts a huge owner’s apartment on the upper deck. It’s also reportedly equipped with a huge interior beach club complete with gym and massage room, a fully customized eight-person spa and sauna and a large multi-function outdoor entertaining area that includes a “winter garden” and a pool.

Sheikh Mohammed Bin Rashid Al Maktoum — Dubai , $400 Million

Speaking of the royal family of Dubai, Smeralda isn’t the only impressive vessel under its ownership. The Vice President and Prime Minister of the United Arab Emirates owns the third largest boat in the world , the 531-foot, Dubai . As Boat International reports, the yacht houses up to 24 guests and is comprised of a master’s suite, five VIP suites and six guest suites, all with open balconies. Other amenities include a pool, barbecue area, cinema, disco, a landing platform for a Blackhawk helicopter, a gymnasium, a garage for the yacht’s submarine and a myriad of water toys.

Eddie Lampert — Fountainhead , $130 Million

Former Sears CEO Eddie Lampert  owns the 288-foot Fountainhead, the sister ship to Ellison’s Musashi. The yacht can accommodate 14 guests and a crew of 20.

Valentino Garavani — T.M. Blue One , $15 Million

The fashion designer owns the 152-foot vessel  T.M. Blue One . The boat is reportedly named after the designer’s beloved parents, Teresa and Mauro. Contrary to what you’d think, the interior was not designed by Valentino, but by architect Peter Marino.

Sir Philip Green — Lionheart , $150 Million

British businessman Sir Philip Green owns the superyacht Lionheart . The 207-foot boat reportedly cost $37.5 million . It can accommodate 12 guests comfortably and also has enough cabin space for 16 crew members.

Diane Von Furstenberg — Eos , $150 Million

Diane von Furstenberg and husband Barry Diller own the 305-foot superyacht Eos . The boat is one of the largest private sailing yachts in the world and reportedly cost $150 million . The designer and her family are known to spend much of their summers on the vessel, along with their famous friends. Andy Cohen posted a photo of himself with von Furstenberg aboard the boat in 2017.

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