yacht owner billionaire

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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The Luxury Boats Owned By Some of the Wealthiest People in Tech, from a Yacht So Big It Has Its Own Support Boat to Superyachts with Swimming Pools and Basketball Courts Tech billionaires like Jeff Bezos, Oracle cofounder Larry Ellison, and Google cofounders Sergey Brin and Larry Page have all purchased mini vacation hubs at sea.

By Grace Kay and Sindhu Sundar • Jul 3, 2023

Key Takeaways

• Many billionaires like Jeff Bezos and Richard Branson enjoy spending their time on luxurious yachts.
• The boats are decked out with amenities that many Americans can only dream of.
• Here are some of the billionaires in tech who own private yachts.

This article originally appeared on Business Insider .

A regular Jane celebrating a personal renaissance after a long-term relationship might commemorate the new era with an ankle tattoo of a spiritual saying. When you're a billionaire, you could do it instead with a $500 million megayacht .

Amazon founder Jeff Bezos made waves in May riding around the roughly 127-meter "Koru," a Māori term that may signify a fresh start, with his reported fiancée Lauren Sanchez. (In 2019, Bezos finalized his divorce from MacKenzie Scott, whom he was married to for 25 years).

Beyond the private planes occupying the hangars of billionaires, yachts have come to symbolize the highly private sites of leisure and networking reserved for the ultra-wealthy .

Tech billionaires like Bezos, Oracle cofounder Larry Ellison, and Google cofounders Sergey Brin and Larry Page have all purchased their own mini vacation hubs at sea, decking their boats with amenities like gyms, spas, pools, nightclubs, and movie theaters.

For those wishing to experience life aboard these multi-million-dollar yachts, some are available to rent out for a few nights or weeks at a time. Late Microsoft cofounder Paul Allen's yacht can be booked for $2.2 million per week or more, according Bloomberg .

Chartering yachts owned by billionaires like Alphabet cofounder Sergey Brin has previously cost customers anywhere from $773,000 a week to $1.2 million .

It remains to be seen how these vessels will fare against the apparent Orca uprising.

Take a look at some of the yachts that have been owned by tech billionaires.

A mystery buyer bought a 414-foot superyacht that was once owned by late Microsoft co-founder Paul Allen for $278 million. Allen had the boat, which was named "Octopus," built in 2003 for $200 million. Since the tech billionaire's death in 2018, the boat had been listed for as much as $325 million.

Octopus in Canary Wharf, London, in 2012. Ki Price/Reuters Source: SuperYacht Times

The wealthy can book the yacht for a weekly rate of $2.2 million or more, through the luxury company Camper & Nicholsons, Bloomberg reported last year.

414ft luxury yacht 'Octopus' owned by Microsoft co-founder, Paul Allen, is moored to fuel up at Ege Ports in Kusadasi district of Aydin, Turkey on April 27, 2015. Ibrahim Uzun/Anadolu Agency/Getty Images

Sources: Bloomberg; Insider .

Amazon founder Bezos' $500 million megayacht, the roughly 127-meter "Koru," sparked attention in May for its artistic decor. A sculpture of a woman on the boat appeared to observers to be the likeness of Bezos' reported fiancée Sanchez, who was also seen that month on the yacht sporting a large ring.

Jeff Bezos was spotted aboard his megayacht "Koru" in May. Lift Aircraft.

Even before its completion, "Koru" drew the ire of Dutch people vowing to hurl eggs at the boat if it would require a historic bridge in Rotterdam to be taken apart to let it through. An egg crisis was averted however, as the company making the ship found a less-irksome alternative.

View of the Koningshaven Bridge, known as De Hef in Rotterdam, Netherlands. Peter Dejong/AP

Bezos has long been interested in yachts. In 2019, he was spotted aboard entertainment mogul David Geffen's superyacht.

David Geffen's superyacht Flickr via BI

Oracle cofounder Larry Ellison owns a 288-foot yacht named Musashi that he acquired in 2013. The yacht has several amenities, including an elevator, swimming pool, movie theater, and both an indoor and outdoor gym.

rulenumberone2/Flickr, Justin Sullivan/Getty Images

Source: Yacht Bible

Ellison has owned several superyachts over the years, including the Katana, the Ronin, and the Rising Sun.

Courtesy of Lurssen Source: Forbes .

The Oracle cofounder also has a knack for competitive yacht racing, and helped to found and back a racing team, called Oracle Team USA, in 2000. The team has found success and won several prestigious titles over the years.

Xaume Olleros/Getty Images Sport Source: Telegraph

Ellison previously owned a bigger, 454-foot yacht called Rising Sun, which was designed specifically for the CEO in 2005. That yacht reportedly has 82 rooms, a movie theater, a wine cellar, and a basketball court. However, Ellison sold off the Rising Sun to Geffen for a reported $300 million.

Kimberly White/Getty Images Source: Forbes , Boat International

Ellison's boat, Musashi, is a sister ship to the yacht of another billionaire, former Sears CEO Eddie Lampert. However, the yacht, named Fountainhead, is often mistaken for belonging to billionaire investor Mark Cuban. "The guy who owns the boat tells everyone that it's mine," Cuban told Page Six in 2016. "It's so crazy ... I don't even own a boat."

Mark Cuban. Steve Marcus/Reuters

Source: Page Six

Ellison's yacht reportedly influenced the decision of late Apple CEO Steve Jobs to get a boat himself. However, Jobs never set foot on the boat — the yacht was commissioned in 2008, but wasn't completed until 2012, a year after his death.

Justin Sullivan/Getty Images Source: Business Insider

When Jobs died in 2011, his yacht — along with his $14.1 billion fortune — was inherited by his wife, Laurene Powell Jobs, founder and president of a social-impact nonprofit called the Emerson Collective. The 256-foot yacht is named Venus, and is worth $130 million.

AP Photo/Peter Dejong Source: Business Insider

Google's billionaire cofounders, Larry Page and Sergey Brin, are known to splurge. An Insider feature in December documented some of the trappings of their luxury, including planes and yachts.

Sergey Brin (left) and Larry Page. Getty / Michael Nagle

Source: Insider .

Page owned a yacht named Senses, a $45 million, 194-foot boat that he bought in 2011 from a New Zealand businessman. He's since sold the yacht, Insider reported in 2021, a vessel that had a private beach club with a Jacuzzi and sun beds, both indoor and outdoor dining areas, and a helicopter pad. It's unclear what other sea vessels he owns, though Insider has previously reported he might have another yacht.

Ari Helminen/Flickr, Justin Sullivan/Getty Images Sources: Boat International; Insider .

Brin meanwhile owns a number of yachts and vessels including the 73-meter Dragonfly, and the 40-meter Butterfly, Insider reported in January.

Abell Point Marina/YouTube Source: Insider .

Dragonfly, the $80 million boat that has a movie-theater, shares a name with Google's once-secret project to launch a censored search engine in China. Google said in 2019 it had officially terminated the project.

Eric Risberg/Associated Press Source: Insider , Forbes .

The former Google CEO picked up the Alfa Nero yacht for nearly $68 million in an auction in June, according to a Bloomberg report. The yacht had apparently been left amid Russia's war in Ukraine, according to the report.

Eric Schmidt REUTERS/Brian Snyder Source: Bloomberg .

For Skype cofounder Niklas Zennstrom, his interest in yachts skews toward racing and competitive sailing. Zennstrom has gone through a succession of boats all named Ran.

Co-Founder and CEO of Skype Technologies, United Kingdom Niklas Zennstroem listens during a plenary entitled 'Digital 2.0:Powering a Creative Economy' at the World Economic Forum in Davos, Switzerland, AP Photo/Michel Euler

Source: CNN

The Ran VII yacht is among the most advanced of Zennstrom's boats. The racing yacht uses electrical power, which Zennstrom has said makes it "lighter, less drag, quieter, and most importantly it is environmentally friendly."

Carkeek Design Partners/YouTube Source: CNN

The 40-foot yacht has been meant to compete in regattas through the racing team owned by Zennstrom and his wife, Catherine. The Ran racing team launched in 2008, and has won some prestigious regattas.

The Ran racing team. Carkeek Design Partners/YouTube Source: CNN

Barry Diller, chairman of digital media company IAC, co-owns a $70 million yacht with his wife, fashion designer Diane von Furstenberg.

Diane von Furstenberg, left, and Barry Diller. Scott Olson/Getty Images Source: Business Insider

The sailing yacht, named Eos, is 350 feet long with six bedrooms. The power couple has hosted many celebrities over the years — a few that have been spotted aboard Eos include model Karlie Kloss, actor Bradley Cooper, journalist Anderson Cooper, and singer Harry Styles.

snowwahine/YouTube Source: W Magazine

For Jim Clark, the cofounder of Netscape, one yacht hasn't been enough. Clark has owned boats for more than 30 years, and in 2012, he put up two of his sailing yachts for sale.

Jim Clark, right. Cameron Spencer/Getty Images Source: Business Insider

Clark listed the boats for a combined $113 million: the 136-foot Hanuman for $18 million, and the 295-foot Athena for $95 million. However, Clark has yet to offload Athena. Clark also previously owned a 155-foot yacht named Hyperion, and currently also owns a sloop called Hanuman.

The yacht Athena. Fosnez / Wikimedia Commons Source: Boat International , Forbes

Charles Simonyi worked at Microsoft until 2002, and oversaw the creation of Microsoft Office software. A few years before he left, Simonyi decided to purchase a yacht. He told the designer that wanted his yacht to be "home away from [his] home in Seattle."

Reuters/Sergei Remezov Source: Boat International

The product of that conversation in 1999 is Simonyi's yacht named Skat, meaning "treasure" in Danish. The yacht measures 233 feet long, and is unique with its nontraditional design and gray color. Skat features a matching gray helicopter, a gym, and motorcycles.

Christopher Hunt/Getty Images Source: Yacht Charter Fleet

Opulent British billionaire Richard Branson owned a yacht until he sold it in September 2018. The 105-foot catamaran sold for $3 million, significantly lower than the $9.6 million price Branson listed the boat for in 2014.

Anthony Harvey/Getty Images, Virgin Source: Business Insider

Branson, the founder of Virgin Group, bought the boat in 2009. He named it Necker Belle, a nod to his private Caribbean island, Necker Island.

Necker Island Source: Business Insider

Additional reporting by Paige Leskin.

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World’s Richest Yacht Owners

The world’s richest yacht owners.

It’s no surprise that owning a yacht is popular among the billionaire class. It’s not uncommon for billionaires around the world to not only own one luxury superyacht, but multiple yachts. Not to mention tenders and other high-tech watercrafts. Some of the richest people in the world own some of the largest, most expensive mega yachts. We take a look at some of the world’s richest yacht owners and the luxury vessels they have bought.

Bernard Arnault

Worth a whopping $156.8 billion in 2021, Bernard Arnault is a French businessman and art collector most known as the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton. He is currently the third richest person in the world. 1 LVMH is a French multinational conglomerate and the world’s largest luxury-goods company. Renowned brands such as Dior, Givenchy, Bulgari, and Tiffany & co. are owned by this corporation.

Bernard Arnault Yacht

Bernard Arnault owns the 101.5-meter motor yacht Symphony . Built in the Netherlands by Feadship, this luxury super yacht has four main engines and can carry 20 passengers and 38 crew. A 6-meter glass-bottom swimming pool and outdoor cinema are some of the vessel’s standout features.

Larry Ellison

Worth $90.6 billion in 2021, Larry Ellison is an American business magnate and investor. One of the most famous yacht owners, he is best known for being the co-founder and executive chairman of Oracle Corporation. Oracle Corporation is an American multinational computer technology corporation known as the world’s largest database management company.

Larry Ellison Yacht

Larry Ellison owns the 87.78-meter motor yacht Musashi . Built in the Netherlands by Feadship in 2011, this five-deck super yacht can accommodate 18 guests and 24 crew. Its exterior was inspired by Japanese design and Art Deco style. An outdoor gym and spa are only a few of the vessel’s luxury amenities.

The eighth richest man in the world as of 2021, Larry Page is worth $90.3 billion. He is an American computer scientist and internet entrepreneur best known as one of two co-founders of Google. Google is an American multinational technology company specializing in internet-related services and products which includes the world’s most used search engine, online advertising platforms, and cloud computing.

Larry Page Yacht

Larry Page owns the 58.8-meter motor yacht SENSES . Built and launched by German yacht builder Fr. Schweers Shipyard in 1999, it went under its latest yacht refit in 2015. This luxury yacht sleeps up to 12 guests with accommodations for 14 crew. An expedition yacht, SENSES  features a large helipad, ice-strengthened hull, and three high-speed tenders.

Yacht Management South Florida, Inc. specializes in complete yacht care . As such, we offer premier maintenance services at our South Florida marina including boat bottom cleaning , and hull painting. Our certified yacht technicians can also go to your yacht to provide dockside assistance and emergency yacht repair services .

Contact us today to schedule any technical work or learn more about out our extensive yacht maintenance services and first-class yacht management program!

Additional Reading

• Top 5 Largest Yachts in The World
• List of Famous Yachts in Movies
• Dorothy Neufeld, Visual Capitalist – The Richest People in the World in 2021

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Who Owns Superyachts In 2023 —And What Does That Mean For You As Crew?

Where once oligarchs, oil tycoons, royals and old money ruled the roost in the yachting world, tech billionaires have increasingly dominated the superyacht market. Who are these people — and more importantly — what does their different style of ‘yachting’ mean for you as crew?

The list of tech billionaires (at least, the list we know of) is long and getting longer by the year. And as their wealth grows, so does the size of the boats they own!

Jeff Bezos, Larry Ellison (Musashi), Charles Simonyi (SKAT), Sergey Brin (Dragonfly), and Larry Page (Senses) are just some of the tech billionaires known to own a superyacht. Mark Zuckerberg, meanwhile, is rumoured to own Andromeda.

While we can only speculate on how these exact individuals use their yachts or what they are like onboard, some general traits might set the tech billionaire yacht owner out as using their yachts differently than generations of yacht owners before them.

Overall, tech billionaires are often younger, more adventurous and less hidebound regarding old rules and service styles. Here are a few general trends we can assume.

They want to eat well, but less fussily, and with a greater premium on health.

Where silver service, ultra-decadent meals, and mountains of wasted food were — and often still are— preferred by old-money yacht owners and charterers, the modern tech billionaire is more likely to be health-conscious and eat food that is plated rather than buffet style or silver service. Yacht chefs now need to be more skilled in special diets, such as plant-based or keto, and offer a broader range of cuisines.

They want to WORK.

Superyachts used to be for holidays only. This was partly by necessity —the lack of connectivity meant that work went on the back burner for summer months as guests swanned around the Mediterranean. Now, the extraordinary technological strides on board allow yacht owners to have offices where they can work anywhere in the world.

They want to go far beyond the milk run.

While anchoring off St Tropez or Cap Ferrat for weeks in August will always be in style, there has been an explosion in remote cruising, often fuelled by this younger, more adventurous set of yacht owners who can work from anywhere- Antarctica to Alaska and beyond.

This has fed into the next point…

A desire for adventure and exploration has changed yacht design.

As younger, more adventurous owners like tech billionaires have joined the superyacht market, the design of yachts and the toys they carry have changed markedly. New types of vessels have been created to meet this desire for off-the-beaten-track cruising, from support yachts to water toys to the massive growth in explorer yachts. Gone are the days when one yacht layout was almost identical to another. Now, we have winter gardens, submarines, ice rooms, ski rooms, large onboard offices, and helicopter hangars.

Not all of these changes have been driven by tech billionaires, granted. Still, their vision of what is possible has dramatically changed what yachts look like and how they operate as machines, with new types of propulsion, greater ranges, and a considerable amount more tech onboard.

Some things never change.

One thing hasn’t changed, though—a wealthy person’s desire for privacy. Discretion remains perhaps the most essential trait in any crew member, which you must keep in mind when working on yachts —even in the day of constant social media and shows like Below Deck.

A wealthy person’s desire for privacy and discretion is a constant that crew forget at their peril. Are you ensuring that you are a trusted asset? You may have signed that NDA, but do you let stories slip now and then at the bar? Are you careful about not taking photos onboard that give away anything about the boat or the owners? Do you make sure you don’t share the yacht’s cruising plans?

In a world where stories about tech billionaires will fly around the globe at light speed, you must be the gatekeeper. Stories cannot leave the passerelle.

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The superyachts owned by tech moguls

Amazon founder Jeff Bezos is set to join the exclusive club of yacht-owning tech tycoons as the rumoured owner of Oceanco's mighty 127m sailing yacht . Though it should come as no surprise - other big names in tech such as the late Steve Jobs, Larry Ellison and Paul Allen have been responsible for some of the biggest and most ground-breaking superyachts in the world...

The 127-metre Oceanco sailing yacht Koru, formerly Y721, was launched and reportedly delivered to Amazon founder Jeff Bezos in April 2023. This three-masted schooner, meaning “new beginnings” in Maori, with an expected 33000 GT and a steel hull and aluminium superstructure, is the largest in the world and the longest built in the Netherlands at Oceanco. Knocking Lürssen's Eos , owned by Biller and Diane von Furstenburg, off the top spot, Koru harnesses design similarities with her black hull, white superstructure and classic lines. However, the intricate gold paintwork, scarlet bootstrap and elaborate figurehead on the bow particularly set her apart.

Larry Ellison

American business magnate Larry Ellison is the co-founder of the billion-dollar computer tech corporation Oracle. In 2004, he commissioned the 138-metre Lürssen superyacht Rising Sun (pictured), which stands today as the 15th largest yacht in the world. It was also the last yacht that ever came from the drawing boards of legendary designed Jon Bannenberg, sporting a military-esque profile with a lean destroyer-type hull and extensive use of structural glass . Rising Sun boasts 8,000m² of living space including a wine cellar and basketball court, with a crew of 45. One of her tenders, a catamaran, even carries the yacht’s 4x4 vehicle ashore. 

Ellison later sold the yacht to media mogul David Geffen and has since hosted a parade of Hollywood's glitterati on board including Leonardo DiCaprio, Steven Spielberg, Bruce Springsteen and Oprah Winfrey – to name a few. 

In 2011, Ellison appeared to downsize and took delivery of the 88-metre Feadship Musashi . Not unlike Rising Sun in its appearance, structural glass features heavily throughout with a central glass lift, surrounded by a stainless steel and glass staircase that passes through every deck.

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The late Microsoft co-founder Paul Allen is responsible for two of the most iconic superyachts in the world. At 126-metres in length, Octopus is perhaps his most famous. Built by Lürssen in 2003, this ice-classed superyacht was designed for extended cruising to the most remote locations on earth with a range of 12,500 nautical miles. Home to a helicopter garage, drive-in tender garage, six tenders, and a submarine, she packs a serious punch within her 9,932GT – not to mention the cinema, swimming pool, recording studio, basketball court and spa. At the end of 2019, she joined the market for the very first time , having completed an eight-month refit at Blohm+Voss, and remains the benchmark for exploration yachting.

Tatoosh is another honourable mention and was built by German shipyard Nobiskrug in 2000, three years prior to the delivery of Octopus . At 92-metres, she's smaller than her successor, but to describe Tatoosh as "small" would be a severe understatement. Highlights include a six-foot-deep swimming pool, a pair of helipads, a crew of 30, and a custom 12-metre Hinckley powerboat that she carries on her top deck. Tatoosh is also listed for sale following a refit earlier this year. 

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The 78-metre Feadship Venus was built for the late Apple boss and founder Steve Jobs. Built under the codename Project Aqua, Venus was launched to international fanfare in 2012, heralded for its extensive use of glass and pared-back design courtesy of Philippe Starck . Innovative features include a false top deck that conceals the communication and television receivers from view and a passarelle that, when opened, looks like the charging port of an iPhone. Venus ’s interior details have been closely guarded since its launch. Sadly, Jobs died a year before the yacht was delivered.

Charles Simonyi

Charles Simonyi led the team that built the first edition of the Microsoft Office software suite and was rumoured to have previously owned Lürssen’s iconic 71-metre SKAT .  Nearly two decades after her launch in 2002, she joined the market for the first time and now Simonyi is thought to have upgraded to the 89-metre Lürssen Norn . Both yachts, penned by Espen Onion, share similar design features. Standout features include an alfresco cinema and adapted depth pool floor with dance floor. Norn was delivered in May 2023.

Sergey Brin

Google co-founder Sergey Brin reportedly owns the high-speed SilverYachts superyacht named Dragonfly , after Google’s once-secret project to launch a censored search engine in China. Delivered in 2009, the 73.3-metre Dragonfly was hailed as the fastest, most fuel-efficient long-range cruising superyacht on the water with a transatlantic range at 22 knots and a fuel consumption of only 360 litres per hour at 18 knots, extending her range to 4,500 nautical miles. Dragonfly is said to have a dance floor and open-air movie theatre on board. The vessel was applauded for its contribution to the disaster relief effort in Vanuatu after Hurricane Pam devastated the island in 2015. The crew reportedly moved 62 metric tons of freshwater ashore, treated over 250 patients, facilitated three medical evacuations, and built shelters in multiple villages and cleared numerous helicopter landing zones for ongoing support.

Google’s billionaire co-founder Larry Page purchased the 60-metre explorer yacht conversion Senses from a New Zealand businessman Sir Douglas Myers back in 2011. The globe-trotting superyacht features interiors by Philippe Starck and can accommodate a total of 12 guests on board, with primary guests reaping the benefits of the master suite's gyro-stabilised bed. Senses also houses an exceptional toy box with three high-speed tenders, six wave runners, a jet board and a JetLev. According to the New Zealand Herald, Senses is currently undergoing a refit in Whangārei, New Zealand, after being sold to an unknown buyer in 2020. 

Barry Diller

The world’s largest three-masted schooner – also the third largest sailing yacht in the world – is owned by fashion designer Diane von Fürstenberg and her husband Barry Diller, chairman and senior executive of IAC/InterActiveCorp and Expedia Group. The 92.92-metre sailing yacht, named Eos , was built in Germany by Lürssen and delivered in 2006 with a trio of masts that stand 61-metres tall. The sailing yacht has hosted the couple's star-studded group of friends including Andy Cohen, Gayle King, Bradley Cooper, Harry Styles and Karlie Kloss. The interiors were designed by Francois Catroux, who Vanity Fair named as “the super-rich's favourite interior designer" in 2016.

Mark Zuckerburg

The 107-metre Kleven superyacht Andromeda was built for serial superyacht owner Graeme Hart and delivered under the name Ulysses . In 2017, a year after its launch, rumours began circulating that Facebook founder Mark Zuckerburg had purchased the rugged, six-deck explorer (although a Facebook spokesperson was quick to stamp out the rumours and released a statement denying the claims). Andromeda can carry 36 guests and is equipped with an impressive inventory of toys and tenders, including six motorbikes, two ATVs, a helicopter and an amphibious rib. Five years after her launch, Andromeda still ranks among the largest explorer yachts in the world . 

Eric Schmidt

The former Google ceo Eric Schmidt backed out of the purchase of the abandoned 81.3-metre Oceanco Alfa Nero but has been said to have moved onto become the new owner of a 95-metre Lürssen. Kismet was sold in September 2023 to the billionaire as part of one of the biggest brokerage deal of the year. With the details shrouded in secrecy the yacht is now aptly known as Whisper . Espen Onio was responsible for her iconic exterior while inside was thanks to  Reymond Langton , achieving the original brief from the previous commissioning owner Shahid Khan of “caviar and champagne.” Standout details include the hi-tech, art deco saloon, a private observation platform and the Persian-inspired spa area.

The co-founder and former ceo of WhatsApp, Jan Koum, has been rumoured to own the 99.9-metre Feadship , Moonrise. The yacht’s clean and strong lines, penned by Chris Bottoms from Studio de Voogt , won the highly competitive class of best displacement motor yachts above 3,000 GT in the World Superyacht Awards 2021. Features include the helicopter landing deck and modern interiors by Remi Tessier . Accommodation is for up to 16 guests, and there are 32 crew members onboard Moonrise to attend to the guests' every need. The Ukrainian-American mogul is also said to own the accompanying support vessel Nebula.

Evan Speigel

The Silicone Valley ceo, Snapchat founder Evan Spiegel has been reportedly said to own the 94.8-metre Feadship Bliss. Delivered in 2021 the motor yacht penned by Feadship's Studio De Voogt Naval Architects has most recently been spotted cruising Auckland in September 2023. Spiegel is rumoured to be Feadship's younger client. Bliss can accommodate up to 18 guests across nine staterooms; however little else is known about the 2983 GT yacht.

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Why the U.S. put a $1 million bounty on a Russian yacht’s alleged manager

On Sept. 3, 2020, the staff of a $90 million yacht placed an order with a U.S. company for a set of luxury bathrobes that came to $2,624.35.

For roughly two years before that, according to federal prosecutors, the yacht’s management had been falsely claiming it was working for a boat named “Fanta.” But the luxury bathrobes came embroidered with a monogram that, prosecutors said, revealed the yacht’s true identity: “Tango.”

That was a problem, officials say in court papers, because Tango was owned by a Russian billionaire under U.S. sanctions, and doing business on his behalf violated federal law.

Late last month, U.S. authorities unveiled a $1 million reward for information leading to the arrest and or conviction of the man they say was running the yacht staff and orchestrated the deception with the robes — Vladislav Osipov, 52, a Swiss-based businessman from Russia. In a new indictment , federal prosecutors say Osipov misled U.S. banks and companies into doing business with the Tango yacht despite the sanctions on the Russian owner, whom the Justice Department has identified as billionaire Viktor Vekselberg .

Osipov has denied the allegations. Osipov’s attorney has said that the government has failed to demonstrate that Vekselberg owned the yacht, and that its management was therefore not a sanctions violation.

The reward offer for Osipov reflects the latest stage in the evolution of the West’s broader financial war against Russia two years into the war in Ukraine, as the United States and its allies increasingly target intermediaries accused of enabling Russian oligarchs to circumvent sanctions.

Many Russians close to President Vladimir Putin have been under sanctions dating to 2014, when Russia seized Crimea from Ukraine and sent proxy forces into that country’s eastern Donbas region. When Russia invaded Ukraine in 2022, President Biden vowed to deal a “crushing blow” with a barrage of new sanctions on financial institutions, industries, business executives and others tied to the Kremlin. But roughly two years later, Russia’s economy has proved surprisingly resilient after the nation poured tens of billions of dollars into ramping up its military industry. Moscow has also worked around the sanctions, finding new third parties to supply it with critical military and industrial hardware, as well as countries beyond Europe to buy its oil.

Now, the West is trying to increase the reach of its sanctions by digging deeper into Russian supply chains. Late last month, the Treasury Department announced more than 500 new sanctions targeting Russia , primarily on military and industrial suppliers. The Justice Department also announced charges against two U.S.-based “facilitators” of a Russian state banker who is under sanction, as well as the guilty plea of a dual national based in Atlanta who was accused of laundering $150 million through bank accounts and shell companies on behalf of Russian clients.

Prioritizing criminal charges against — and the arrests of — Western employees of Russia’s elites represents a new escalation of the U.S. financial war against Putin, experts say. One Moscow businessman, speaking on the condition of anonymity for fear of retribution, said many influential Russians are concerned about the arrest of two associates of Andrey Kostin, the head of VTB, Russia’s second-biggest state bank. These associates, Vadim Wolfson and Gannon Bond, were charged with helping Kostin evade sanctions by maintaining a $12 million property in Aspen, Colo., for Kostin’s benefit while concealing his ownership. Kostin has said that the charges of sanctions evasion against him are “unfounded” and that he has not violated any laws . Bond has pleaded not guilty; Wolfson hasn’t made an initial court appearance yet.

Wolfson, also known as Vadim Belyaev, had been a Russian billionaire until the Russian government took over his bank in 2017. Bond, 49, is a U.S. citizen from Edgewater, N.J. For all Russians living abroad and working with people in Russia, the threat of criminal charges is a much more worrying prospect than the sanctions imposed by the Treasury Department last month against hundreds of individuals and entities, the businessman said, in part because sanctions are far easier to dodge than criminal charges.

“What you have seen through today’s public announcements are our efforts at really targeting the facilitators who possess the requisite skill set, access, connections that allow the Russian war machine [and] the Russian elites to continually have access to Western services and Western goods,” David Lim, co-director of the Justice Department’s KleptoCapture task force, which is tasked with enforcing U.S. sanctions over Russia’s invasion of Ukraine, told reporters last month.

Thad McBride, an international trade partner at the law firm Bass Berry & Sims, said the crackdown on intermediaries reflected the natural evolution of the U.S. sanctions campaign in response to Russian adjustments.

“It seems to me they have gone through a comprehensive list of the oligarchs, and you can debate whether or not it’s had a meaningful impact on the Russian war effort,” McBride said. “Because they’re getting smarter about who’s who, they’re finding other people who play meaningful roles in these transactions, even though they’re not showing up in the headlines.”

The charges against Osipov related to his alleged management of the Tango yacht illustrate the mounting potential consequences for people in Europe and the United States who attempt to do business with Russians targeted by Western allies, as well as the opaque structures allegedly employed by those seeking to evade sanctions.

With a net worth estimated by Forbes in 2021 at $9 billion, Vekselberg, 66, has long drawn scrutiny from the West — and sought to safeguard his wealth. He made his initial fortune in aluminum and oil in Russia’s privatization of the 1990s and then expanded into industrial and financial assets in Europe, the United States and Africa, with Putin’s blessing. In addition to the yacht, federal prosecutors say, Vekselberg acquired $75 million worth of properties, including apartments on New York’s Park Avenue and an estate in the Long Island town of Southampton.

Vekselberg, who declined to comment for this article, has not been criminally charged by the Justice Department. In a 2019 interview with the Financial Times, he denounced the sanctions as arbitrary and harmful for international business, saying he had been targeted just because he was Russian and rich and knows Putin.

In April 2018, the Treasury Department under the Trump administration sanctioned Vekselberg and six other Russian oligarchs as part of broader financial penalties over the Kremlin’s invasion of Crimea, support for President Bashar al-Assad in Syria and interference in the 2016 U.S. presidential election. Vekselberg was also targeted for his work for the Kremlin as chairman of the Skolkovo Foundation, an attempt to create Russia’s version of the Silicon Valley — evidence that appeared to undermine the Russian businessman’s claims that he operated independently of the Kremlin.

But with Vekselberg’s payments monitored by U.S. banks, according to the federal indictment , Osipov used shell companies and intermediaries to avert the bite of sanctions. Vekselberg kept other major assets out of the reach of U.S. authorities by making use of the Treasury Department’s 50 percent ownership rule, which stipulates that it is illegal to transact with firms only if an owner under sanction controls more than 50 percent of the business.

For example, a month after Treasury imposed sanctions on Vekselberg in April 2018, his Renova Innovation Technologies sold its 48.5 percent stake in Swiss engineering giant Sulzer to Tiwel Holding AG, a group that is nevertheless still “beneficially owned” — meaning, owned in practice — by Vekselberg through Columbus Trust, a Cayman Islands trust, according to Sulzer’s corporate filing. Vekselberg’s longtime right-hand man at Renova, Alexei Moskov, replaced one of Vekselberg’s direct representatives on the board. Moskov told The Washington Post that he stepped down from all his executive positions at Renova Group in 2018 after U.S. sanctions were first imposed and from that moment ceased to be Vekselberg’s employee.

The attempts to circumvent the sanctions appear to have found some success in the U.S. legal system. Columbus Nova, a U.S.-based asset management fund controlling more than $100 million in assets in the U.S. financial and tech industry, is run by Vekselberg’s cousin, Andrew Intrater. The firm battled for more than two years to lift a freeze on Columbus Nova’s assets, imposed by Treasury’s Office of Foreign Assets Control because of the sanctions on Vekselberg, and won, reaching a settlement agreement with the Treasury Department. After renaming itself Sparrow Capital LLC, Columbus Nova successfully argued that Intrater — not Vekselberg — owns the fund. Intrater argued that the company was 100 percent owned by U.S. citizens and that no individual or entity under sanction held any interest in it. Intrater said Columbus Nova had earned fees for managing investment funds owned by Renova. He said he had repeatedly told Treasury he would not distribute any funds to Vekselberg.

Now Osipov, the alleged manager of Vekselberg’s $90 million yacht, is attempting a similar argument as U.S. authorities seek his arrest on charges of bank fraud, money laundering, conspiracy to defraud the United States, and violations of sanctions law.

The federal indictment states that the Tango was owned by a shell corporation registered in the British Virgin Islands that was in turn owned by several other companies. The Virgin Islands shell company, authorities say, was controlled by Osipov, who also served in senior roles for multiple companies controlled by Vekselberg. U.S. officials also say Vekselberg ultimately controlled the other companies that owned the Virgin Islands shell company.

According to the indictment, a Tango official instructed a boat management company in Palma de Mallorca, Spain, to use a false name for the yacht — “Fanta” — to disguise its true identity from U.S. financial institutions and firms, which try to avoid doing business with an entity or person under sanction.

Working at Osipov’s direction, according to the indictment, employees for Tango bought more than $8,000 worth of goods for the yacht that were unwittingly but illegally processed by U.S. firms and U.S. financial institutions, including navigation software, leather basket magazine holders provided by a bespoke silversmith, and web and computing services. The management company running Tango, run by Osipov, also paid invoices worth more than $180,000 to a U.S. internet service provider, federal prosecutors say.

The Tango was seized by the FBI and Spanish authorities in the Mediterranean not long after Russia invaded Ukraine in 2022, and Osipov was first indicted last year. The owner of the Spanish yacht management company hired by Osipov, Richard Masters, 52, of Britain, was criminally charged last year by federal prosecutors with conspiracy to defraud the United States and violating federal sanctions law. A request for comment sent to Masters’ firm was not returned.

But in recent court documents, Osipov’s attorney argues that the yacht was not more than 50 percent owned by Vekselberg, and that the government hasn’t demonstrated it was. Barry J. Pollack, an attorney at Harris, St. Laurent and Wechsler, also says the government never warned Osipov of its novel and “unconstitutional” application of federal sanctions law.

“The government points to no precedent that supports its extraordinary interpretation and cites no authority that allows the traditional rules of statutory construction to be turned on their head,” Pollack wrote in a defense filing. The filing adds: “[Osipov] is not a fugitive because he did not engage in any of the allegedly criminal conduct while in the United States, has never resided in the United States, did not flee from the United States, and has not concealed himself.”

Still, the State Department’s Transnational Organized Crime Rewards Program has said it will provide up to $1 million for information leading to Osipov’s arrest, warning that he may visit Herrliberg, Switzerland; Majorca, Spain; or Moscow.

The case demonstrates the extent of the U.S. commitment to tighten the screws on those seen as aiding Russian elites, even if they themselves are not closely tied to the Kremlin.

“When DOJ levels legal action against an individual or entity, they have quite a bit of evidence, especially because the threshold to press charges for money-laundering and sanctions evasion is so high,” said Kim Donovan, director of the Economic Statecraft Initiative within the Atlantic Council’s GeoEconomics Center. “We’ve had quite a bit of experience targeting Russia directly, and what you’re starting to see is the U.S. go after the facilitators enabling sanctions evasion. That’s where the U.S. is focusing its efforts right now.”

The superyacht world is speculating that Mark Zuckerberg just bought this 118-meter boat

• The 118-meter superyacht Launchpad made her maiden voyage last week.
• The yacht world is speculating that her owner is Meta CEO Mark Zuckerberg.
• Here's what we know about the luxury vessel.

In the world of superyachts , privacy is the most valuable asset. It can be next to impossible to discern the details of a superyacht transaction — and that's particularly true if the vessel in question is worth nine figures.

Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters long, about nine meters shorter than Jeff Bezos' superyacht Koru .

The transaction could not be confirmed, with yacht world insiders declining to share what they know and representatives for Zuckerberg not responding to a request for comment from Business Insider. In the past, reports about Zuckerberg owning superyacht Ulysses have proven false.

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"It is Feadship's standard policy to never divulge any information about our yachts with reference to ownership, costs, or delivery, etc," Feadship, the ship's builder, wrote to BI. "Whether it is an 18-meter Feadship from the 1960s or a 118-meter Feadship from the 21st century, we do not share private information."

But Zuckerberg's name has been connected to Launchpad for a few months now, beginning in December when reports swirled that he visited Feadship's shipyard in the Netherlands.

Then, earlier in March, yachting bloggers like eSysman SuperYachts and Autoevolution started speculating that he officially snagged the boat, originally built for a sanctioned Russian businessman, at a $300 million price tag. (While that's a seemingly huge amount, it's still less than 0.2% of Zuckerberg's $177 billion net worth.)

Another clue that might point to US ownership is that the yacht bears the flag of the Marshall Islands, a US territory and commonplace for American buyers to register their ships, according to public marine tracking.

If Zuckerberg were to have bought Launchpad, he would join a cohort of superyacht-owning tech billionaires . Along with Bezos, the likes of Oracle cofounder Larry Ellison and Google cofounders Sergey Brin and Larry Page have purchased impressive boats with even more impressive amenities.

SuperYacht Times , an industry publication and intelligence platform, has some of the best images of the yacht. Photos show a swimming pool on her main deck and a large helipad.

While less is known of the interior, a vessel of her size can likely sleep dozens of guests and crew and may have amenities like an expansive gym where Zuckerberg could practice his jiu-jitsu or a spa with a massage area. We suspect there's also space for plenty of toys — which could include his viral hydrofoil foil .

Do you have any details about Launchpad or any other superyachts? Email reporter Madeline Berg at [email protected].

Watch: Walmart heiress' superyacht vandalized by activists in Ibiza

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15 Extraordinary Superyachts Setting Sail In 2024

Posted: March 19, 2024 | Last updated: March 19, 2024

Breathtaking dream boats launching this year

Ready to discover the ultimate in nautical eye candy?

With the largest-ever superyacht poised to grace the high seas – and several other spectacular launches on the horizon – 2024 is tipped to be a truly unforgettable year for fans of floating palaces.

Click or scroll through to jump aboard the most hotly anticipated superyachts scheduled for delivery this year, from state-of-the-art explorers to a record-breaking model that's expected to cost a staggering $600 million. 

All dollar amounts in US dollars.

Custom YS 75 Hybrid: Cost unknown

Ushering in a new generation of high-end eco explorers, this expedition vessel from Damen Yachting in the Netherlands boasts a hybrid propulsion system for zero-emission cruising. For the uninitiated, a hybrid propulsion system uses two or more forms of propulsion, such as a biofuel or diesel engine combined with an electric machine.

As buyers become increasingly aware of environmental concerns, naval architects and yachtbuilders are devising green-leaning vessels that don't compromise on style, luxury, or performance. Damen is among the firms leading the way.

Designed by innovative London studio Michael Leach Design and engineered in-house, the 247-foot Custom YS 75 Hybrid has cutting-edge features, including a touch-and-go helipad and a crane for deploying tenders.

It can accommodate 24 crew members and up to 12 guests across six staterooms and boasts plush entertaining areas.

Due to launch early this year, the innovative vessel will also be the first private superyacht equipped with commercial-grade cultivation pods to grow vegetables, further adding to its eco credentials. As for the price tag? Damen is keeping it firmly under wraps...

Blue Marlin and Custom 78: Cost unknown

Admiral Yachts, owned by The Italian Sea Group, is delivering two sensational superyachts this year, according to Boat International : the 256-foot Custom 78 a nd 253-foot Blue Marlin (pictured).

Sleek and elegant, Blue Marlin's exterior and interior are both the handiwork of prestigious Dutch studio Sinot Yacht Architecture and Design.

The superyacht accommodates 12 guests in six staterooms and offers them a wealth of amenities, including a 19-foot swimming pool, a private spa, and a helipad. Its more sustainable credentials include a lower-emission diesel-electric propulsion system.

Precious little is known about Admiral's super-secretive Custom 78 project, as noted by Boat International .

It's known that the superyacht's exterior has been designed by Igor Lobanov, the Barcelona-based Russian nautical designer who's renowned for his futuristic, mega-streamlined creations. (An example of his work is shown here.)

Admiral has yet to disclose the price of either  Custom 78 or  Blue Marlin .

Project Toro: Cost unknown

Türkiye's Turquoise Yachts is getting ready to sign off the 259-foot Project Toro . It's actually running behind schedule and was supposed to be delivered last year.

With the exterior and interiors designed by British studio Harrison Eidsgaard – which is behind some of the world's most luxurious private jets, in addition to its portfolio of yachts – the end result will undoubtedly be a feast for the eyes.

Project Toro's neoclassical exterior is a real head-turner, while its interiors – which apparently include "a huge Neptune Lounge," to quote Super Yacht Times – have been described by the design team as "the definition of serenity and calm."

The fully customized beauty, which was sold in 2021 for an undisclosed sum, can comfortably fit 14 guests in its seven staterooms, as well as providing space for 21 crew members. Amenities onboard include a beauty salon, gym, and swimming pool.

Al Reem: Cost unknown

Formally known as  Silence , Al Reem is getting its finishing touches at the Bilgin shipyard in Türkiye's capital, Istanbul.

Spanning 263 feet, the superyacht showcases Bilgin's signature style – think razor-sharp exterior lines and a super-slender profile – with naval architecture by Turkish studio Unique Yacht Design. It's the third unit of Bilgin's 263 Series and the most advanced of the trio.

Silent by name, silent by nature: the superyacht was sold to a mystery owner in 2022 and the selling price hasn't been revealed. But it won't have come cheap, that's for sure.

Dreamed up by London's H2 Yacht Design, the modern interiors of the boat whisper quiet luxury. The eight suites (including three VIP cabins) can collectively accommodate up to 12 guests, and there's space for 18 crew members. Al Reem's amenities are top-notch too, with the beach club, gym, and movie theater just some of the standout features.

Project Vento: Cost unknown

Just weeks after Project Toro was sold in 2021, Turquoise Yachts found a buyer for Project Vento . As is the case with Project Toro , the identity of the owner and the price tag have not been divulged.

At 285 feet long, Project Vento is the largest superyacht ever built by Turquoise, with the company teaming up with long-time collaborator London's H2 Yacht Design to work on the boat's esthetics. The result? A distinctive two-tone white and blue exterior with soft, flowing lines.

The interiors are just as eye-catching, with the superyacht boasting a wealth of features.

For the billionaire who has everything, there's a helipad that can also be used as an outdoor movie theater and basketball court. But the pièce de résistance  has to be the incredible 21-foot glass-sided swimming pool on the lowest deck.

Project 1012: Cost unknown

With the venture cloaked in mystery, Feadship hasn't released any renders of Project 1012 and has yet to disclose information about the team behind it.

Based on images of the vessel undergoing trials in December 2022, Megayacht News has speculated that it could be traditional in design and may feature a beach club. However, these details won't be confirmed until the superyacht is delivered sometime this year – so watch this space...

Project 1012 is another Feadship superyacht that's slated for delivery in 2024.

The shipyard is being particularly secretive about the vessel, with details extremely sketchy. While we know that the superyacht is 300 feet long, further information about the vessel is next to non-existent.

Project JASSJ: Cost unknown

Spanning 338 feet, Project JASSJ  is the third-largest of the show-stopping superyachts German shipbuilder Lürssen is delivering in 2024.

Sold in 2021 to an anonymous buyer for an undisclosed price, the superyacht features exterior and interior design by RWD Design. American firm Moran Yacht & Ship is overseeing the build.

Fantastically spacious, Project JASSJ can accommodate 22 guests in 11 staterooms.

Lürssen isn't holding back when it comes to amenities, promising an "industry-leading" beach club, as well as a swimming pool, deck Jacuzzi, top-end gym, and elevator, along with a state-of-the-art helipad and side-opening tender garage.

105 Explorer (NB-729): Cost unknown

Hot on the heels of delivering the 367-foot Renaissance (NB-724) , the largest ever yacht crafted in Spain (and shown here in all its glory), Freire's Galician shipyard is set to complete another whopper:  105 Explorer (NB-729) , which comes in at 344 feet.

Renaissance  has been described by Burgess Yachts as a "temple of leisure" and "sanctum of tranquillity." But 105 Explorer (NB-729) is more about adventure than relaxation...

The superyacht may be kitted out with all the classic creature comforts but, as a roving expedition vessel, the emphasis is on performance rather than amenities.

Reflecting other high-end shipbuilders, Freire has chosen to keep the price of the superyacht a secret in the interest of client confidentiality.

Ace 21: Cost $150 million

Ace 21 is one of four show-stopping superyachts that Germany's Lürssen is delivering this year.

Extending over 256 feet end to end, the glamorous vessel spans five decks – the superyachts we've covered so far have just four – and has been designed to provide five-star relaxation in the world's most idyllic locations. It can accommodate up to 14 guests and a crew of 24.

Lürssen, which has taken care of the naval architecture, has reportedly designed the superyacht so it can cruise closer to shorelines and dock alongside paradise-style beaches and coves.

Ace 21 is all about relaxation – and its designated wellness zone, complete with an extensive spa, beach club, and deck Jacuzzi, combine to make it the perfect place to kick back, millionaire style.

SuperYachtFan reports the vessel was ordered by an unnamed individual who's said to be a prominent figure in the yachting world. The site pegs Ace 21 's price tag at $150 million and estimates annual running costs could stretch as high as $15 million.

Project 825: Cost $186 million

On the other hand, the asking price for Feadship's Project 825  has been revealed.

Due for delivery later in the year, the 249-foot superyacht is currently available for $186 million via Burgess Yachts.

Newly-built vessels of this size and caliber are usually custom orders, so it's rare for one to come on the market. The yacht is likely to be snapped up by a member of the super-rich elite who doesn't have the patience to wait years for a bespoke job .

The turnkey superyacht, which is getting its finishing touches at the Feadship Royal Van Lent shipyard in the Netherlands, has a slick two-tone exterior by Feadship's De Voogt Naval Architects. Its chic interiors are courtesy of Parisian design house Gilles & Boissier.

Project 825 has six staterooms with space for 12 guests, who'll have their every whim catered to by 17 crew members. Among its key selling points are an awesome glass-bottomed swimming pool and a private VIP terrace that boasts its own Jacuzzi.

There's also a sauna, deck gym, games room, and touch-and-go helipad, as well as an elevator. 

Project 712: Cost $200 million+

Feadship is practically churning out superyachts at the moment, with multiple deliveries scheduled this year. Project 712 is among them.

The 272-foot vessel features an exterior design by Feadship's De Voogt Naval Architects. Unlike the aforementioned Project 825 , however, the interiors are the work of top Dutch firm Sinot Yacht Architecture & Design, not French studio Gilles & Boissier.

Because Feadship is selling Project 825 , the price has been revealed – but Project 712 's cost is being kept firmly under wraps. Given its larger dimensions, it's likely to be even more expensive than its sister vessel.

The superyacht has space for up to 10 guests across its five cabins, according to YachtCharterFleet,  and comes equipped with a wealth of billionaire-worthy amenities, including a beach club, a gym, and a deck Jacuzzi.

Project 821: Cost $200 million+

The biggest Feadship superyacht launching this year – not to mention the largest the Dutch company has ever built – is  Project 821 , which spans 390 feet.

Feadship is being as secretive about this superyacht as it is with Project 1012 , with very few details known about it. 

The exterior design is characterized by soft lines, and there's a capacious beach club to the rear of the superyacht that leads down to a swimming platform... And that's all we know. 

Both the buyer and the price of  Project 821 are being kept hush-hush, though the superyacht is likely to have cost considerably more than the smaller Project 825 , which is on the market for $186 million.

Project Deep Blue: Cost $450 million

The second-biggest of Lürssen's four superyachts expected to launch this year, Project Deep Blue may not be delivered to its owner until 2025, according to several expert forecasts.

Details about the project are scant. Even the final length of the superyacht is uncertain, but it's believed to measure at least 427 feet.

No doubt the owner is delighted with the sophisticated exterior design, which bears similarities to Lürssen's Ahpo (now named Lady Jorgia).  

SuperYachtFan reports Project Deep Blue is expected to accommodate 24 guests and a crew of 45. It estimates the vessel would cost a staggering $450 million, with punishing yearly running costs of $45 million. The website has vaguely identified the owner as an Indian or Chinese billionaire.

Project Luminance: Cost $500 million (£392m)

The biggest of Lürssen's four show-stopping superyachts hitting the water in 2024, Project Luminance spans a whopping 475 feet, making it almost as long as three Olympic-sized swimming pools.

The superyacht was originally slated for completion last year, but the delivery date has since been put back. A masterpiece of nautical design, Project Luminance wows thanks to its exterior by Monaco-based Espen Øino and equally elegant interiors by French studio Zuretti Interior Design.

Project Luminance is estimated to accommodate as many as 24 guests across 12 opulent staterooms. Amenities are fantastically lavish, with the vessel reportedly boasting two helipads and a massive swimming pool, which comes complete with an adjacent dip pool.

Reported to cost in excess of $500 million, Project Luminance was commissioned by Rinat Akhmetov, the richest person in Ukraine.

A report in The New York Times in 2022 suggested Akhmetov was considering selling the vessel in light of Russia's invasion of his home country. Still, it appears the billionaire might have decided to keep it for now. And who can blame him?

Somnio: Cost $600 million (£470m)

Putting this year's other launches firmly in the shade, Somnio spans a colossal 728 feet, making it the largest superyacht ever built.

The world's first "yacht-liner," this $600 million floating palace for the mega-rich is billed as "the most exclusive address in the world" and will cruise the planet's iconic yachting destinations, from Monaco to French Polynesia.

Somnio features 39 luxe private residences and a wealth of "six-star" amenities, including an enormous resort-style swimming pool, premium spa, opulent movie theater, gourmet restaurants, 10,000-bottle wine cellar, and a library.

Nearing completion at Norway's Vard shipyard, the six-deck nautical extravaganza is a collaboration between Somnio, Fincantieri, and Vard, while Tillberg Design of Sweden and the UK's Winch Design have looked after the interior design.

The potential occupants of the 39 apartments are being carefully hand-picked. On offer are units with two to four bedrooms, with the option to fully customize them with the likes of a gym, personal kitchen, library, and more.

Those lucky enough to get a Somnio invite can expect to pay from $22 million to secure a cabin in the elite vessel, with service charges likely to be sky-high too.

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Who is Mikhail Fridman? The success story of the Russian billionaire, co-founder of Alfa Group

Mikhail Fridman is one of Russia's great businessmen. He is the principal owner of Russia's largest privately-owned financial-industrial investment, Alfa Group. He successfully invested in different sectors, including oil and gas, and eventually became a global force to reckon with. Mikhail made news headlines after speaking up on the Russian-Ukrainian war recently.

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The Ukrainian-born Mikhail Maratovich Fridman is the seventh wealthiest man in Russia, investing in several companies such as Alfa-Bank (Russia's largest private bank) and LetterOne. He also owns stakes in Wintershall DEA, a German oil and gas company, and is one of the founders of Russia's largest privately-held investment firms.

Profile summary

• Full name : Mikhail Maratovich Fridman
• Gender : Male
• Date of birth: 21 April 1964
• Age : 58 years (as of 2022)
• Place of birth: Lviv, Ukraine
• Current residence: Moscow, Russia, and Athlone House, UK
• Nationality : Ukrainian, Russian, Israeli
• Ethnicity : Jewish
• Religion : Jewish
• Height in feet: 6'
• Height in centimetres: 183
• Weight in pounds: 133
• Weight in kilograms : 60
• Hair colour: Black
• Eye colour: Black
• Mother : Evgenia Rothstein
• Father : Marat Fridman
• Relationship status: Married
• Partner : Oksana Ozhelskaya
• School : Lviv High School
• University : Moscow Institute of Steel and Alloys
• Profession : Entrepreneur and CEO
• Net worth: $12.4 billion

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Early life and education

Mikhail Maratovich Fridman was born in western Ukraine in 1964 into the family of Evgenia Rothstein and Marat Fridman. In 1980, he graduated with a high school diploma. A sad occurrence took a toll on him due to his Jewish heritage; he was turned away from Moscow's top physics college.

Nevertheless, he went to the Moscow Institute of Steel and Alloys , studying metallurgical engineering. There, he did odd jobs like cleaning windows with his friends. Also, they sold tickets to famous shows and used the money to trade for rare items before he graduated in 1986.

What is Mikhail Fridman's net worth?

According to Forbes magazine, as of 2022, Mikhail Fridman has a net worth of $12.4 billion. But then, how did he achieve this much?

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Mikhail Fridman's source of wealth

Immediately after his graduation, Fridman worked for Elektrostal Metallurgical Works as a metallurgical design engineer until 1988. He founded a window-washing business and an apartment rental agency for foreigners.

His business prospered, and he decided to partner with German Khan and Alexey Kuzmichev to start Alfa-Photo. The newly founded company imported photography chemicals. Later, the three diversified and founded Alfa-Eco, an oil trading firm, and Alfa Capital, an investment firm.

Alfa Group Consortium, Russia's biggest privately held financial-industrial conglomerate, was formed by merging Alfa-Photo and Alfa-Eco. The merged companies have interests in telecommunications, banking, retail, and oil.

In 1991, Fridman made a financial investment that multiplied his fortune. He wisely invested his $100,000 profit from his previous business to co-found Alfa-Bank with German Khan. Eventually, the bank grew to become one of the largest private banks in Russia.

Furthermore, Alfa Group became the parent company of several independent companies such as Rosvodokanal, a private water utility; AlfaStrakhovanie, a diversified insurance company; A1 Group, an investment company; and X5 Retail Group, a large chain of food retailers.

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Alfa Group expanded further to include several companies from different sectors. Some of the companies and how he acquired them are discussed below:

In 1997, Fridman, Len Blavatnik, and Viktor Vekselberg paid $800 million for Siberia's state-owned TNK (Tyumen Oil Company). In February 2003, BP, a British multinational oil and gas company, agreed to create TNK-BP with the AAR consortium, including Alfa Group, Blavatnik's Access Industries, and Vekselberg's Renova.

Alfa Telecom and Altimo

In 2001, Alfa Group purchased large shares in different telecom and internet firms, including Golden Telecom, Vimpelcom, MegaFon, Kyivstar, and Turkcell.

LetterOne and L1 Energy

In 2013, the oligarch and his Alfa Group colleagues, Khan and Kuzmichev, sold their TNK-BP holdings to form the worldwide investment firm LetterOne (L1), with Fridman as chairman. Petr Aven and Andrei Kosogov also came on board as co-founders of LetterOne.

The firm has an interest in energy, telecommunications, finance, and technology. LetterOne was in charge of $29 billion in assets as of 2013.

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Mikhail Fridman's family

Olga was his first spouse. In the 1990s, they met at the Moscow Institute of Steel and Alloys but unfortunately parted ways for reasons that remain a mystery to the public. The Russian billionaire and Olga have two daughters, Katya (Ekaterina) and Lora (Larisa).

Mikhail later married Oksana Ozhelskaya as his second wife in May 2014. As of now, Mikhail Fridman's wife has two children for him, making his children four.

Mikhail Fridman's house

The billionaire businessman mostly resides in the UK, where he bought Athlone House for $90 million in 2016. The house is reportedly one of the grandest Victorian properties in the Highgate enclave beloved by the super-rich. Sprawled over five acres of land, the prime real estate is not far from Bishop's Avenue in north London.

Is Russia an oligarchy?

Yes, it is. Oligarchs are the superwealthy business elites with excessive political power in the country's context. They were formed in two different periods . The first set of people came during the privatisation of the 1990s, when the largest state-owned enterprises were sold off to a few business tycoons in exchange for loans.

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The second set of people emerged after President Putin came to power in 2000. He awarded state contracts to private suppliers in different sectors. This set of people overcharged the government and went back to pay specific percentages to the state officials involved.

Over the years, Mikhail Fridman's dedication and investment have made him the eleventh most prosperous man in Russia. As a result, he has received several awards, such as the Golden Plate Award and Forbes Russian Businessman of the Year.

Giannis Antetokounmpo is one of the NBA players with a whopping net worth of millions of dollars.

As published on Yen.com.gh , although bouts of street hawking characterised his childhood, he has made so much. How much is he worth? Check out the post.

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The Billionaire Taking on Disney Just Wants Some Respect

The longtime corporate agitator feels misunderstood. Maybe his fight with Disney could change that.

Nelson Peltz, 81, has been battling the Walt Disney Company over its corporate strategy. Credit... Ahmed Gaber for The New York Times

Supported by

By James B. Stewart and Lauren Hirsch

• Published March 16, 2024 Updated March 19, 2024, 10:13 a.m. ET

At age 81, with over four decades of dealmaking and corporate cage-rattling under his belt, Nelson Peltz would seem to have pretty much everything.

He’s a billionaire. Until the hedge fund billionaire Ken Griffin came to Palm Beach, Fla., Mr. Peltz had the largest property tax bill in town, with an oceanfront estate estimated to be worth $334 million. His 130-acre property in Bedford, N.Y., known as High Winds, has its own helipad, indoor ice rink and waterfall. He has use of his company’s jet. (But so far, he owns no yacht — he rents one instead.)

He also has an undeniably full life apart from his business: He has two children from his first marriage. He also has eight children (including two sets of twins) with his wife since 1981, the former model Claudia Heffner. His eldest child from that marriage, Matt, is a partner and co-chief investment officer at Mr. Peltz’s Trian Partners.

His photogenic younger children have thrust him into the tabloids and onto the Hollywood red carpet. Nicola, an actress (“Bates Motel,” “Transformers: Age of Extinction,” “Welcome to Chippendales”), married Brooklyn Beckham, son of David and Victoria Beckham, in a splashy wedding at the Peltz Palm Beach estate in 2022. Will is also an actor (“Unfriended,” “Euphoria,” “Manifest”). Brad played hockey for Yale and was drafted by the Ottawa Senators.

And yet Mr. Peltz yearns for something that continues to elude him: the respect from the corporate elite, which he craves and feels he deserves. Could admittance to the inner sanctum of one of the best-known and most respected companies in the world — the Walt Disney Company — deliver that?

On and off for almost a year and a half, Trian Partners has waged an intense corporate fight by controlling a $3.5 billion stake in Disney and pushing for two board seats and influence over the company’s strategy. Mr. Peltz’s ammunition is a barrage of criticism of Disney’s management and board: The stock has plunged; costs have spiraled out of control; a string of big-budget film flops has raised questions about the company’s creative engine — problems that Mr. Peltz says he can reverse with his operational skills and strategic insight. While he concedes he has no experience in entertainment, his opinions, he says, are informed by his children and their high-powered friends, including Elon Musk, who has been critical of Disney.

The proxy battle has pitted him against Disney’s chief executive, Robert A. Iger, one of the media industry’s most powerful executives and someone Mr. Peltz once considered a good friend. Mr. Iger and Disney’s board have pushed back hard, even enlisting the support of the Disney family , including Abigail Disney, who has long complained about Mr. Iger’s lofty compensation. The increasingly bitter contest is hurtling toward a climax on April 3, when Disney will hold its annual shareholder meeting and proxy votes will be counted.

That this fight is over far more than a couple of board seats, or even a multibillion-dollar stake in the company, was abundantly clear in a series of interviews with The New York Times at Trian’s offices on Park Avenue and in Palm Beach, and over the phone.

During the interviews, Mr. Peltz — who has had numerous similar run-ins with corporate giants such as Procter & Gamble, Heinz and Unilever — repeatedly lamented his reputation as a provocateur and “activist” investor, a thorn in the side of chief executives and their boards.

He hates being mentioned in the same company as a rogues’ gallery of activists, buyout operators and corporate raiders, as he often is. He thinks he should be compared to someone he admires and tries to emulate: Warren E. Buffett.

“Does Nelson feel misunderstood? He probably does,” said Arthur Winkleblack, who was chief financial officer at Heinz when Mr. Peltz waged a successful proxy contest there in 2006 and joined the board. “Not all activists are the same. There are activists who are not nice people. There are activists who are.”

Whatever label is attached to him, there’s little chance that Mr. Peltz will be embraced by the august members of the Business Roundtable, the Washington-based lobbying group of elite chief executives, given his long track record of public criticism of boards and chief executives, and his efforts, when rebuffed, to elbow his way into America’s boardrooms.

Jamie Dimon, the chief executive of JPMorgan Chase and a former chairman of the roundtable, recently came out against Mr. Peltz in the Disney proxy fight, citing the disruption that activist investors can bring to a board. JPMorgan is advising the company in its proxy defense. Disney has paid JPMorgan over $160 million in fees since 2014 as a client, according to LSEG, a financial data provider.

One measure of Mr. Peltz’s continuing notoriety is the reluctance of many people who have worked with him to speak on the record — even people he counts as friends and admirers, some of whom he recommended The Times interview for this article. That’s especially true in the midst of the Disney fight; several people said they didn’t want to be caught in the crossfire between Mr. Peltz and Mr. Iger, let alone Mr. Dimon. Both chief executives cast long shadows in the entertainment and business worlds.

“He’s like the uninvited guest who crashes a dinner party,” said Charles Elson, a former director of the John L. Weinberg Center for Corporate Governance at the University of Delaware. “No matter how charming, he’s not going to be welcome.”

Ski Bum Turned Billionaire

Mr. Peltz can be funny and self-deprecating: He recently told The Times that he was the only person he knew who had gained weight while taking Ozempic, which seems to be popular in his Palm Beach neighborhood (The tanned, fit-looking Mr. Peltz shows no obvious need to lose weight.)

Mr. Peltz, who was born and grew up in Brooklyn, traces his social skills to his student years at the Wharton School of the University of Pennsylvania, where he was president of his hard-partying Phi Gamma Delta fraternity. “Classes screwed up my day,” he said.

He left Wharton before graduating to pursue a passion for skiing, but en route to a job as an instructor at Oregon’s Mount Hood, he was pressed by his father into a two-week stint at the family’s small Bronx-based frozen food distribution company. He was soon brimming with ideas for building the business, investing in the stock market and staying. (He also shaved off his beard at his father’s request. He sports a neatly trimmed beard again today.)

In the decades that followed, Mr. Peltz’s career mirrored the history of modern dealmaking. His successful effort to buy out the notorious corporate raider Victor Posner from National Can in 1985 was the first all-junk-bond tender offer, using the low-rated, high-yielding bonds once shunned by conservative investors. It was also the start of Mr. Peltz’s relationship with the junk bond pioneer Michael Milken. (Mr. Peltz balked at Mr. Milken’s initial invitation, for a 5 a.m. meeting in Beverly Hills; Mr. Milken grudgingly moved the appointment to 6.)

Mr. Peltz forged a close friendship with another controversial raider, Saul Steinberg, who introduced him to Mr. Milken and whose own hostile run at Disney ended with a much-criticized greenmail payment in 1984. (Greenmail is a payment to a corporate raider in return for dropping a hostile takeover bid.)

After the National Can deal, Mr. Peltz’s Triangle Industries swallowed the rival American Can’s packaging division in 1986. He then sold Triangle to France’s Pechiney for $4.2 billion in 1988, including debt. The deal was widely acknowledged as one of the most successful leveraged buyouts, or deals largely funded by debt, and it established a model subsequently embraced by a generation of financiers.

Suddenly wealthy beyond his wildest dreams, and only 46, Mr. Peltz considered an early retirement. But he was quickly bored by golf. He went on to a series of other leveraged acquisitions, buying Snapple from Quaker for $300 million in 1997 and then selling it and some other brands three years later for $1.45 billion. (Mr. Peltz’s success at Snapple is the subject of a Harvard Business School case study .)

“He would often suggest new flavors — and he would push us to come up with different forms and different bottles,” said Ken Gilbert, who was Snapple’s chief marketing officer at the time. “We were spinning out new products every month — it was crazy. And he loved it.”

Mr. Peltz helped found Trian in 2005 to pursue businesses that “weren’t well run but were too big for us to buy,” he said. He and Peter May, his longtime partner, his friend and a former public accountant, courted outside investors and embraced a lucrative compensation model, taking both a management fee and a percentage of the fund’s gains, a model that soon swept the world of alternative investing and that has minted numerous billionaires.

A Builder, Not a Breaker?

For all Mr. Peltz’s business and financial success, not to mention longevity, his early associations with people like Mr. Posner (who pleaded no contest to tax evasion and fraud in 1988) and Mr. Milken (who pleaded guilty to multiple felonies in 1990 and was pardoned by President Donald J. Trump in 2020) no doubt tainted his reputation, fairly or not.

Even before then, he was turned down by the co-op board when he tried to buy an apartment at 740 Park Avenue in Manhattan, and not because he couldn’t pay in cash. The building, on the Upper East Side, is a residential haven for the corporate elite: His friend, Mr. Steinberg, lived there. And Blackstone’s Stephen A. Schwarzman subsequently bought Mr. Steinberg’s apartment, once home to John D. Rockefeller Jr. (The board later approved a purchase by Mr. May, Mr. Peltz’s partner and the president of the New York Philharmonic.)

On more than one occasion Mr. Peltz, who is Jewish, has encountered what he considered at least a whiff of antisemitism. He recalled that his arrival in London in the 1980s was greeted with a tabloid profile headlined “The Wild and Rocking World of Nelson Peltz.” The first sentence, he said, called him a “Jewish boy from Brooklyn,” and the British business establishment closed ranks against him.

Mr. Peltz, long a fierce critic of antisemitism, said he stepped down from his role as chairman of the Simon Wiesenthal Center in December because after 40 years in the position, it was time for a change. But The Wall Street Journal reported that he left after the center called for a boycott of Ben & Jerry’s. The center had deemed posts by the company’s chairman to be pro-Palestinian after the Hamas attack on Israel. Mr. Peltz is a board member of Unilever, the owner of Ben & Jerry’s.

His fellow billionaire Henry Kravis, the buyout pioneer, is one of the few Jewish members of Palm Beach’s old-money Everglades Club, but not Mr. Peltz. Mr. Peltz said he had “refused to set foot” in the club until it had a Jewish member and, now that it does, has had lunch there several times. (Mr. Peltz belongs to the Palm Beach Country Club, which has long accommodated members excluded from more restrictive Palm Beach clubs.)

Mr. Peltz’s reputation as a corporate troublemaker also cost him his longtime relationship with his Manhattan law firm, Paul, Weiss, Rifkind, Wharton & Garrison. In 2019, the firm cut ties with him even though he had been one of its biggest clients for decades. Paul Weiss handled his estate planning and other matters; a Paul Weiss partner left the firm to become his general counsel. But after Paul Weiss expanded its elite corporate practice in recent years, the firm told him that it could no longer represent activist investors, including him.

Mr. Peltz countered that he wasn’t an activist, he was a “constructivist” — someone who worked with management, not against it. He had never mounted a hostile takeover, he said, or even fired a chief executive. Paul Weiss was unpersuaded. “They dropped me like that,” Mr. Peltz said. “I was probably their oldest living client.”

Vitriol for Disney

Mr. Peltz’s argument that he’s not an activist has also fallen on deaf ears at Disney.

Before the proxy fight, Mr. Peltz had breakfast with Mr. Iger at the Beverly Hills Hotel on occasion when Mr. Peltz was in Los Angeles, and Mr. Iger visited Mr. Peltz in New York. Disney’s pension fund also invested in Trian.

When Elliott Management, led by the activist investor Paul Singer, took a stake in AT&T in 2019 and agitated for change, Mr. Iger asked Mr. Peltz to address the Disney board. Topics on the agenda, according to records reviewed by The Times: “What made AT&T vulnerable?” and “Who will be the winners and losers” as big technology companies move into entertainment and media content production?

But early last year, after Mr. Peltz bought roughly $1 billion in Disney shares and threatened a proxy contest for a board seat if Disney rebuffed his proposals, Disney attacked Mr. Peltz, saying he did “not understand Disney’s businesses and lacks the skills and experience to assist the board in delivering shareholder value in a rapidly shifting media ecosystem.”

Even though Mr. Iger and the Disney board had seemed eager to tap Mr. Peltz’s expertise in 2019, Mr. Iger only grudgingly gave him 45 minutes on Jan. 10 last year to present his plans. Mr. Peltz’s reception was frosty — only Mr. Iger asked a perfunctory question.

Little more than a month after Mr. Peltz started his campaign, Disney pledged $5.5 billion in cost reductions (later raised to $7.5 billion) and said it would resume paying a dividend. Mr. Peltz said the changes aligned with Trian’s goals, and he backed off the proxy fight.

By December, he was back. Frustrated by the ensuing slide in Disney stock— from over $110 a share in February 2023 to below $80 in October— and what he deemed Disney’s failure to follow through with its pledges, Mr. Peltz and Trian renewed their campaign.

This time, Mr. Peltz increased the pressure by allying with two Disney veterans with intimate knowledge of the company: Ike Perlmutter and Jay Rasulo.

Mr. Rasulo, a former Disney chief financial officer and theme parks head, was considered a potential successor to Mr. Iger until he was passed over for the chief operating job in 2016. Mr. Rasulo and Mr. Peltz are Trian’s nominees for the Disney board.

Mr. Perlmutter is the sometimes irascible former chairman of Marvel Entertainment, which Disney bought in 2009 for $4 billion in cash and stock, making him one of Disney’s largest shareholders. He remained chairman of Marvel Entertainment after the deal, but Mr. Iger sidelined him in 2015 by revamping Disney management. Mr. Perlmutter was unceremoniously laid off last year and has since been a vocal critic of Mr. Iger.

Mr. Trump introduced Mr. Peltz to Mr. Perlmutter in 2016 at Mar-a-Lago, where Mr. Perlmutter usually commands a prime dining room table next to Mr. Trump’s. Mr. Perlmutter has been a prominent financial backer of Mr. Trump’s presidential campaigns. Mr. Peltz, too, was a Trump supporter and raised $10 million for him at his Palm Beach estate in February 2020. But the two stopped speaking after Mr. Peltz went on CNBC and denounced Mr. Trump’s efforts to overturn the 2020 presidential election and incite violence on Jan. 6, 2021, as a “disgrace.” His antipathy has only grown since, and Mr. Peltz said he would not raise more money for Mr. Trump.

Still, the falling-out hasn’t dented Mr. Peltz’s friendship with Mr. Perlmutter.

Mr. Perlmutter has entrusted Mr. Peltz to vote his Disney shares, inflaming tensions with the entertainment company. In its defense against the Trian campaign, Disney accused Mr. Perlmutter of bearing Mr. Iger “personal animosity” and blaming him for being fired.

Disney has also suggested that Mr. Peltz is motivated by a grudge against Mr. Iger, a claim that Mr. Peltz has vehemently denied. The company recently told investors that the men were never close friends, and that Disney ended its investment in Trian in 2021, angering Mr. Peltz, because the fund had underperformed the S&P 500 on an annualized basis over eight years. A spokesman for Mr. Peltz and Trian said they didn’t comment on client matters.

Lacking the information that he’d be privy to as a board member, Mr. Peltz doesn’t purport to have a novel solution to the streaming losses that have bedeviled Disney and other media companies trying to make the difficult transition to the direct-to-consumer digital era. He has been frank about his lack of direct experience in entertainment — something Disney has highlighted. But he said experience wasn’t everything. “They just put out five movies in a row that were big losers,” he said.

In Disney, he sees a company with great assets. But he also believes it’s a business crying out for greater operational accountability, more efficiency and better board governance. He considers Disney to be not that different from consumer-facing companies that he has helped turn around, like Heinz and Procter & Gamble.

Mr. Peltz also has better visibility into Disney’s operations than most of his past targets thanks to his alliance with Mr. Rasulo. Many were surprised that Mr. Rasulo would go up against Mr. Iger, his former mentor, in such public combat.

But Mr. Rasulo said in an interview that Mr. Iger’s abrupt departure in 2020 and the choice of the little-known Bob Chapek to replace him left him (and many others) mystified. So did Mr. Chapek’s sudden ouster and Mr. Iger’s return in 2022. Streaming losses soared, and Disney stock plunged.

“I was always a Disney guy,” said Mr. Rasulo, who spent three decades at the company, and the decline was painful to witness. “Something obviously went radically wrong.”

Mr. Rasulo didn’t know Mr. Peltz when they met for breakfast in Los Angeles a year and a half ago, but he said he had liked what he heard. He conducted his own interviews with people who had dealt with Mr. Peltz, and his research bore out what Mr. Peltz had emphasized — that he was a long-term investor looking to fix the company, not break it up.

Mr. Rasulo said he had no ambition to take Mr. Iger’s place as chief executive. He said he believed he could be an objective “voice of clarity” on the board as well as someone with intimate familiarity with the company’s operations and legacy. (Disney has countered that Mr. Rasulo left eight years ago and is out of touch with a radically changed media landscape.)

Mr. Peltz, too, said he looked forward to working closely with Mr. Iger if he gained a board seat. But that hasn’t stopped him from publicly criticizing Mr. Iger’s leadership. Waging his campaign on CNBC, in other media and in a recent whirlwind of visits to major shareholders, Mr. Peltz has argued that Disney grossly overpaid for 21st Century Fox assets in 2019, a $71 billion deal that saddled the company with enormous debt; that Mr. Iger and the board have repeatedly bungled succession planning; and that Mr. Iger has overseen an alarming decline in quality and financial results at the company’s core Disney animation, Pixar and Marvel entertainment units.

“The fact is, the emperor has no clothes,” Mr. Peltz said.

There have been no invitations from Disney to address the board this time.

In a statement for this article, a Disney spokesman said Mr. Peltz “has failed to demonstrate that he comprehends Disney’s strategic position in the modern media business, or to offer any compelling ideas, and we believe his presence in the boardroom would be disruptive and destructive.”

History as a Guide

A recurring issue in the Disney proxy fight will be Mr. Peltz’s investment record, which remains a closely guarded secret. Various academic studies have found that activist investors, on average, don’t generate superior returns over time.

Trian maintains that federal rules prohibit it from publicizing its results. But the firm said that from the time Mr. Peltz joined a company’s board — 11 in all — through the end of 2023, Trian’s investments in those 11 companies generated a 17 percent annualized rate of return. The S&P 500 has returned an annualized 9.5 percent since 2005, when Trian was founded.

Trian said it used that measure — from the date Mr. Peltz joined a board to the present — because the fund took a long-term approach and often continued to own shares after Mr. Peltz or one of his Trian partners left a board. If returns were measured until the date they stepped down, the returns would be slightly higher, it said.

Annualized returns in those companies range from 47 percent (Legg Mason, acquired by Franklin Templeton in 2020, a year after Mr. Peltz joined the board) to 3 percent (Unilever, which was Trian’s most recent investment before Disney and whose board Mr. Peltz joined in 2022).

Trian argues that these returns are what’s relevant to shareholders of the target companies, including Disney. Trian’s own investors haven’t reaped annualized gains that large, in part because the fund isn’t always fully invested and holds cash and shares in other companies.

One investor said Trian gained 12 percent in 2023 (well below the S&P 500’s 24 percent rise) and lost 10.6 percent in 2022 (when the S&P dropped over 18 percent). Disney said Trian’s annualized returns for its pension fund trailed the S&P 500 by 500 basis points, or 5 percent, over eight years. (Trian said that it offered multiple investment and fee options, and that individual investor results therefore varied.)

Still, many investors have been satisfied: Trian’s assets have gone from less than $1 billion when it was founded in 2005 to over $10 billion. Mr. Peltz attributes his investment success to his operational skills and long-term perspective.

“We’re not activists,” he insisted. “We’re not private equity. We’re not looking to just leverage up a business and sell. We’re looking to build a business over the long term. That’s what’s fun.”

Mr. Peltz noted that the average holding period for a Trian position was six years— long by activist standards, though about the same as private equity funds. Some holdings, like Wendy’s, have been much longer.

The Times interviewed a dozen former executives at companies targeted by Mr. Peltz, and all said he had bolstered results, even those who said they had no particular fondness for him and declined to be quoted.

Mr. Winkleblack, who orchestrated Heinz’s defense in the proxy contest, thought it possible, even likely, that he’d be fired once Mr. Peltz gained a board seat. On the contrary, he stayed in his role after he met Mr. Peltz one on one.

“We fought a good fight,” Mr. Peltz told him. “Now let’s go make money for shareholders.” That, in essence, is Mr. Peltz’s philosophy, Mr. Winkleblack said.

After an extensive listening tour, Mr. Peltz backed Heinz’s chief executive, William Johnson, and his turnaround plan. Mr. Peltz subsequently proposed Mr. Johnson, whom he now calls a “great friend,” for the PepsiCo board, and Mr. Winkleblack now serves as a Trian representative on Wendy’s board.

Mr. Peltz’s battle against DuPont was in some ways the beginning of modern-day activism: evolving into a full-blown fight in which an influential proxy firm, ISS, sided with Mr. Peltz while index funds, decisively, sided with the company’s management.

Though Mr. Peltz lost the proxy fight in 2015, DuPont’s chief executive, Ellen Kullman, stepped down not long after. Her successor, Edward D. Breen, developed a warm relationship with Mr. Peltz and embraced much of his strategy.

Mr. Peltz said Trian intended to remain a major Disney shareholder and keep up the pressure even if it lost the proxy battle, and pointed to DuPont as a precedent.

Procter & Gamble put up a spirited defense to Mr. Peltz’s proxy campaign but, after a narrow loss, reluctantly welcomed Mr. Peltz into the boardroom in 2017. Two years later, Mr. Peltz and the company’s chief executive, David Taylor, were heaping praise on each other.

“We’d rather be rich than right, and David has that same attitude,” Mr. Peltz said at a conference sponsored by CNBC and Institutional Investor. “That’s why we’re getting along so well.”

Several executives who have faced Mr. Peltz’s attention said they saw a common theme: He accelerated existing recovery plans, and then reaped credit for the success. Chief executives who get along with him have to swallow their egos — something that might prove difficult for someone as prominent as Mr. Iger, especially given all the recent vitriol.

Many also said that the care and feeding of Mr. Peltz was time-consuming. After Mr. Peltz joined the board of the snack food maker Mondelez International, then-chief executive Irene Rosenfeld created a new executive position to handle some administrative duties while she dealt with Mr. Peltz and other activist shareholders. Still, Mondelez shares rose an annualized 11 percent while Mr. Peltz was on the board, Trian said.

No one The Times interviewed could recall Mr. Peltz’s arriving on a board with bold ideas that no one else at the company had ever thought of.

“He’ll offer thoughts. He’ll have a thesis,” as one former chief executive said. “But the reality is no one can come from the outside and really know a well-managed company. They’re not going to walk in and tell them something they’ve never thought of.”

Still Rocking the Boat

Which is why, when all is said and done, Mr. Peltz may never escape the unsavory reputation that still dogs him, at least in some quarters, and why it’s unlikely he’ll ever be mentioned in the same breath as Mr. Buffett, whose Berkshire Hathaway acquires companies only in friendly deals.

Mr. Peltz seems oblivious that even when he is invited onto a board, it’s often under duress: better to have him on the inside, with a director’s duty to shareholders, than on the outside waging a proxy war.

Mr. Peltz “may be a very smart investor and a very savvy operator, but he rocks the boat,” Mr. Elson the governance expert said. “People who rock the boat are naturally going to cross swords with the establishment.” (Mr. Elson’s family is also a pillar of Palm Beach high society; his father, Edward, was U.S. ambassador to Denmark in the 1990s, and his mother, Susie, was chair of Palm Beach’s Society of the Four Arts.)

“No one likes to be told you’re doing something wrong. That’s just human nature,” Mr. Elson continued. “When that happens, you’re viewed as a dissident, an irritant. Irritants aren’t loved.”

Loved or not, Mr. Peltz has Mr. Elson’s admiration, he said, even if he doesn’t always agree with Mr. Peltz’s approach. “Irritants,” he said, “are important to the proper functioning of a capitalist society.”

A previous version of this article misidentified Charles Elson. He is a   former director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, not its director.

How we handle corrections

James B. Stewart has been a reporter and business columnist for The Times since 2011, focusing on the human drama of the business world and the struggle for corporate power. More about James B. Stewart

Lauren Hirsch joined The Times from CNBC in 2020, covering deals and the biggest stories on Wall Street. More about Lauren Hirsch

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