1989 millionaire coma yacht

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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At Least 51 Die As Party Vessel Capsizes Off Rio

By Alan Riding, Special To the New York Times

• Jan. 2, 1989

At least 51 people drowned and another 30 to 40 were believed to be missing when a boat carrying party-goers to watch a New Year's fireworks display along Copacabana Beach sank at the entrance to the bay of Rio de Janeiro a few minutes before midnight Saturday.

The 100-foot boat, Bateau Mouche IV, which had a samba band playing on board and tables set for dinner, rolled over and sank in rough waters as she motored out of the bay past Sugar Loaf Mountain to take up her position off Copacabana.

Some survivors said panic began to grow minutes before the flat-bottomed boat rolled over because tables were beginning to slide around, spilling glasses and cutlery around the deck. One survivor, Boris Lerner, whose wife and daughter drowned, said at least 60 people were on a lower deck when the boat sank.

The vessel's operators, a restaurant called Sol e Mar, said 131 people were on board, including 104 passengers. The rest were said to be members of the crew, the kitchen staff and the band. It was not known how many survivors were picked up by luxury cruisers and other boats that were also heading for Copacabana. [ Officials estimated that about 40 people had survived, Reuters reported. ] Children Reported Aboard There were reports that a number of children were on board, although the bodies of only a few have so far been found. Children under the age of 3 were allowed on board without tickets while those between 3 and 10 were charged half the normal rate for the evening. Full fare was $150. Police and fire department officials estimated the boat's capacity at between 70 and 100. They added that the boat, which normally takes tourists on trips round the bay, was not equipped for the open seas that face Copacabana.

Although the winds were calm Saturday night, there is often a heavy swell at the narrow mouth of the bay. As many small boats left bayside marinas for Copacabana on Saturday night, their occupants were warned by crews of larger vessels that the sea was rough. Later, several yachts had to be rescued.

Some survivors said the Bateau Mouche was intercepted by a police patrol boat and ordered to a nearby marina for inspection, but was subsequently given permission to continue its voyage. They added that as the boat began to rock, many passengers urged the captain to return to a nearby marina.

One survivor, Rosa Delite, said she was alarmed to see how many people were on board. ''I asked one of the operators where the life jackets were,'' she recalled. ''He said they were down below and I told him they should be brought up. But they were not. If he had done so, many lives would have been saved.'' Tragedy Strikes at 11:50 P.M. Some survivors said that, as the boat turned over, tables and chairs struck many passengers who had jumped or were thrown overboard. They estimated the time of the disaster at around 11:50 P.M.

Half an hour later and barely one mile away, with music blaring along the waterfront and dozens of brightly lit boats gathered offshore, the traditional fireworks display brought in the New Year for a cheerful crowd of around two million people. Few people were aware that a tragedy had taken place until many hours later.

Today, navy and fire department frogmen found the Bateau Mouche lying in 80 feet of water and were able to remove the bodies of some passengers trapped on the lower deck, but they were forced to suspend operations later in the day because of strong currents.

By this evening, 51 bodies had been recovered, 34 of which were identified. Among the victims were Yara Amaral, a well-known Brazilian television actress, and the wife of a former Planning Minister, Anibal Teixeira. No Americans were reported on board, but two Italians and one Spaniard were said to be among the missing.

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1989 Hylas 44

Annapolis md.

Kevin Reeds

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David Walters Yachts

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  1989 Shoal Draft Hylas 44 - Unfurled

Priced to Sell!!!

The Hylas 44 is fast and exceptionally well behaved under sail, as well as stable and comfortable at anchor. The Hylas 44 offers shallow draft and excellent sailing performance. Designed by German Frers, the hull of the Hylas 44 boasts a wonderful sheer line with a low profile unique among center cockpit boats. A true eye-pleasing design well suited for the traditionalist looking for the comfort and safety afforded by a center cockpit. The side decks are wide, providing for easy unrestricted access to the foredeck and coach roof while underway. The boat has an aluminum toe rail and tall stainless-steel stanchions with double lifelines. Handrails along the coach roof and boarding gates to port and starboard add further convenience. The hull is constructed of solid fiberglass (GRP) with an external lead keel bolted to a very deep keel stub and featured a skeg hung rudder for extra grounding protection. Decks are fiberglass with an endgrain balsa core. The deck is painted with contrasting non-skid (no teak decks). The hull and deck joint is fastened with an inward turning flange and through bolted at the toe rail on 6-inch centers with a flexible sealant. Interior furniture and bulkheads have been bonded to the hull to ensure a strong and stiff structure well-noted in the vessel's sailing characteristics. The Hylas 44 is a fantastic option for the budget minded cruiser. Well built and exceptionally capable, the Hylas 44 is a very choice option for the discerning sailor.

Recent Upgrades include:

• Yanmar engine turbo replaced (2021)
• New 10' AB Inflatable with Suzuki Outboard (2017)
• New house batteries (2 x 4Ds) (2015)
• New Mainsail (2015)
• Standing rigging (2007) (two shroud replaced 2016)

Beginning forward, the  guest stateroom  features an offset queen-sized berth with 7’ 4” of length, loosing just 1’ on the inboard side. The cushions are 6” thick and provide a restful night’s sleep. Three teak drawers under the bunk hold smaller items and the large 20” deep by 40” tall hanging locker has room for larger items. Six cabinets with latching doors line the hull over the bunk. A dressing bench sits below the hanging locker with storage below. A cabin fan and a 24” by 24” deck hatch with a screen makes for nice airflow and good lighting. This cabin has 6’3” of standing headroom that carries into the ensuite head. 

The forward  head  has a manual toilet, stainless sink and pressurized hot and cold water. Three storage cabinets line the outboard side of the hull above the Formica countertops. Two overhead lights keep the space bright and the teak shower grate prevents stagnant moisture on the sole.  

The  main salon  includes a 6’ settee on the starboard side and a dinette to port that can easily accommodate six people. The large 51” by 34” teak salon table is centerline with a cut out for the keel-stepped mast. The table drops down and has a custom cushion that drops into place for a good sea berth. Two overhead deck hatches with screens and six dome lights light the space and storage compartments well.  Four compartments on the starboard side and three on the port are deep and functional. The fuel maker is accessible under the forward end of the port settee with a water tank sitting just aft. The starboard settee has storage behind with a water tanks and refrigerator compressor below.  

Aft of the main salon dinette is the forward facing  nav station,  housing all of the vessels navigation equipment and electrical control panels.  

A  shower stall  is just behind the nav station and leads into the head. The shower stall has an overhead dome light, small portlight for ventilation, and teak shower grate. The shower is controlled with a handheld faucet and a flip up shower seat is outboard with storage in a cabinet above. The  head compartment  is just aft through a door.  The stainless sink is set into the Formica countertops with three storage cabinets outboard.  

Through the head is the  owner’s stateroom  that features a conventional sized queen walk around berth. There is 6’ of headroom and adequate space for two people to dress. Storage is plentiful with four cabinets, four drawers and one hanging locker. Three portlights and one large overhead hatch make this space bright and well ventilated.  

The  galley  is inline on the starboard side opposite the engine compartment. The double stainless sink sits under the companionway for more efficient draining and has a single lever faucet. Opposite and outboard is a 3-burner propane stove and the countertop and forward accessed refrigerator and freezer is inline. A pullout cutting board slides into the counter showcasing the late 80’s era. The microwave oven is above the countertop with storage below concealed by sliding doors. A door at the aft end of the galley accesses the aft stateroom.  

• Sloop rigged
• Furlex Genoa Furler
• StackPack mainsail storage system with integral lazy jacks
• Dacron mainsail (2013)
• Dacron furling genoa  (2009)
• Gale Sail (2007)
• Dodger & Bimini (2007)
• Double spreader anodized aluminum mast
• Discontinuous wire rigging (2007), Two strouds replaced (2016)
• Track on front of mast for spinnaker pole
• Adjustable boom vang 
• Barient manual winches
• Yanmar 4JH5E 55 hp diesel engine, 2,591 hours , (Installed 2008)
• Engine Turbo replaced (2021)
• ZF MARINE, ZF 30 M heavy duty Transmission
• Two 4D AGM house batteries (2015)
• New engine start battery (2017)
• New windlass battery (2019)
• Village Marine Watermaker
• 3 large solar panels on stainless steel arch on the transom
• New prop shaft and shaft seal (2014)
• Tankage:  
• All navigation and communications electronics replaced in 2007.
• Raymarine E120 Chartplotter
• Raymarine Autopilot
• Raymarine ST-50 Speed/Depth/Wind Instruments
• Raymarine Radar
• Raymarine GPS
• Standard Eclipse VHR Transceiver (in cockpit)
• Icom IC-M504 VHF Transceiver
• Icom IC-M802 SSB/HR Transceiver
• Pactor SSB Modem
• Weems & Plath Barometer
• Sharp Weather Station
• 66 lb. CQR Anchor with 250' 3/8" chain
• Lofrans Electric Windlass
• Seawater anchor wash
• AB 10' Inflatable hard bottom dinghy (2017)
• 10hp Suzuki Outboard
• Fire Extinguishers

Contact listing broker, Kevin Reeds at 650-223-9462 or via email at [email protected] for additional information or to arrange a showing.

David Walters Yachts is pleased to assist you in the purchase of this vessel as a Buyers Agent. This boat is centrally listed by Kevin Reeds

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• Newspapers & Gazettes
• The Canberra Times (ACT : 1926 - 1995) View title info
• Fri 29 Dec 1989 Prev issue Next issue Browse issues
• Page 1 Prev page Next page Browse pages
• Yachtsman dies in race drama Prev article Next article Browse articles

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OCEAN-GOING ESTATES : Luxury Reigns and Dollars Don’t Count for Owners of 2 Newport Harbor Yachts

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Cruising along Newport Harbor in a 14-foot sailboat, a woman cranes her neck to gawk at a gleaming white yacht berthed in front of a luxury waterfront home. “What’s a boat like that cost? About $300,000?” she wonders aloud to her companion as the small sailboat skims by, dwarfed by the 127-foot, 200-ton vessel.

Try $10 million. And another $1 million a year for maintenance, insurance, fuel and crew salaries.

For the record:

12:00 a.m. Aug. 26, 1989 For the Record Los Angeles Times Saturday August 26, 1989 Orange County Edition Metro Part 2 Page 2 Column 5 Metro Desk 1 inches; 34 words Type of Material: Correction Photo Credit--Today’s Orange County Life section, which is printed in advance, failed to give credit for the main color photo on its cover. The photographer was Dick Busher. The photo was provided to The Times by Intradesign of Los Angeles.

In the world of yachting, the P’zazz--owned by Robert Cohen and his wife, Beverly--is a mega-yacht. A yacht so big, so opulent, so grand that when you enter it, you feel as if you have stepped into an episode of “Life-styles of the Rich and Famous.” Into a world of plush Oriental carpets, silk-covered walls, gold leaf ceilings, polished woods and smooth, supple leathers. A world overseen by a staff of servants, including a cordon bleu chef and a full-time captain.

Orange County has roughly 60,000 boats registered with the Department of Motor Vehicles. The average boater owns a 16-footer and parks it in the driveway. The average boat in California costs $4,000. Only about 450 of the 734,000 boats registered in California are longer than 65 feet.

In Orange County, only a handful of privately owned boats measure more than 100 feet and qualify as mega-yachts, a term increasingly used in the boating community to describe the giant, multimillion-dollar vessels. A few years ago, there weren’t even that many.

“Ten years ago, there weren’t many boats over 70 or 75 feet out here,” says Newport Beach yacht broker Tom Corkett. But in the past three to five years, the county has seen “more and more big boats,” he says.

Among those with megabucks, the trend is toward mega-yachts, according to Jim Gilbert, editor of Showboats International, a Florida-based magazine that specializes in covering the world’s most luxurious and expensive yachts. “For big boats, it is boom town around the world,” Gilbert says. “No one keeps any sort of accurate documentation, but there are probably more boats under construction over 100 feet now than existed 10 years ago.”

The increase in mega-yachts is the result of a healthy economy and the willingness of buyers to spend big money, according to the marketing director of the Seattle company that built P’zazz, the $10-million showstopper that sailed into Newport Harbor this summer. At 127 feet, the boat is believed to be the county’s largest privately owned yacht.

For Robert and Beverly Cohen, the yacht is the culmination of a lifelong dream that began 37 years ago when the couple were newlyweds. Back then, the Cohens, like more typical California boaters, owned a 17-foot trailer boat. “We didn’t even have any furniture then, but we owned a boat,” Beverly Cohen recalls. Like most boat owners, the Cohens kept trading up as they kept moving up in the world. Over the years, they have owned a dozen different boats ranging in length from 17 to 72 feet.

P’zazz, which took three years to build, incorporates all the best of their previous boats, says Robert Cohen, co-owner of the Beverly Hills Four Seasons Hotel. The new boat is berthed in a custom-built slip in front of the Cohens’ Bayshores home--the former residence of John Wayne.

By almost any standard, P’zazz, featured recently in a 13-page article in Showboats International, is first-rate, from its stylishly sleek hull to its 65-foot-tall upper deck, complete with eight-person spa, sauna, treadmill and exercise bike.

The boat, built by Delta Marine in Seattle, cost more than $6 million to build and--because mega-yachts increase in value--is estimated to be worth about $10 million today. The interior of the vessel was designed by Los Angeles-based Intra-Design, the firm that also did the interior of the Four Seasons and the Century Towers hotels. The boat’s French Art Deco interior looks like something out of the pages of Architectural Digest. When you step inside the vessel, you have to keep reminding yourself that you are on a boat, not inside an exquisitely decorated home.

The illusion begins as soon as you enter the granite-floored foyer, where a bronze sculpture stands balanced on its pedestal, recessed under spotlights. And the illusion continues into the main salon with its plush, hand-dyed, hand-tufted Oriental carpet and walls of elaborate wood veneers. The carpet and fabrics used on the boat each have a similar pattern taken from an antique applique of leaves. At one end of the room is a bar and an informal area with a game table that seats four. The table centerpiece is a bowl of delicate ostrich eggs, one of the many fragile items that have to be stowed when the boat is under way. “The crew has a chart so they know where to stow everything,” says Al Becker, the boat’s full-time captain. “Much of what you see sitting out has to be stowed; then, when we get where we are going, the crew sets everything up again. Otherwise, we’d get hit with 10- or 12-foot waves and you’d have trouble with these pretty things. What isn’t stowed is tied or epoxied down so it won’t go flying.”

In the center of the main salon is a shiny, floor-to-ceiling, stainless-steel fireplace that dominates the lavish room, which is done in blacks and grays with a touch of red. A bronze railing, covered with 24-karat gold leaf, marks the entry to the winding stairs, leading to the three staterooms below.

At the foot of the stairs is a circular, granite-floored foyer. Overhead is a gold-leaf ceiling and opening out from the foyer are two guest rooms and a master suite.

The walls in both guest rooms are covered in silk. One room is done all in black, the other in white. Each guest room has its own television and private bath.

The master suite, its walls covered in burl ash wood, features a built-in entertainment center and spacious sitting area. Above the king-size bed, framed by ash wood, is a rectangular piece of etched glass, which serves as a headboard and also as the wall, which separates bedroom from bathroom. In the bath is a built-in TV that can be viewed from the onyx hot tub. There is also a separate, full-size onyx shower, plus double sinks and two walk-in closets.

On the main level of the vessel, near the entry, a formal dining room features a six-person glass-top table and a built-in curio cabinet filled with art objects. A concealed, sliding door that opens at the push of a button leads from the dining room into the restaurant-quality galley staffed by chef Kurt Ryan, one of six full-time crew members.

Even the servants’ quarters on the vessel are roomy and luxurious. And the spotless engine room, sealed off by a heavy, soundproof door, is as large as a two-car garage.

On an extended cruise, the boat can accommodate six guests and six crew members. For short harbor cruises and parties, Becker says, 100 people can mingle comfortably. “It is really a floating city,” Becker says. “You’ve got a small crew running a mini-city, complete with its own electricity, water system and sewage system.”

The vessel holds 12,500 gallons of diesel fuel--which even at a quantity discount of 60 cents a gallon would cost $7,500 for a fill-up. Cruising range between fill-ups is 4,000 miles. The yacht carries an additional 300 gallons of gas, as fuel for the two or three smaller boats, which serve as tenders for the mother ship. The vessel has its own water maker and can produce 110 gallons of fresh water an hour--plenty to refill the 100-gallon hot tub in the master suite.

The Cohens, who say they plan to use the boat for “fun and laughs,” will make their first extended cruise in P’zazz in late December. “We’re going to Mexico,” says Robert Cohen. “Cabo San Lucas, Puerta Vallarta. And we’ll end up in the Galapagos Islands in March. My hero is Malcolm Forbes,” Cohen says. “He sends his boat to exotic places and then flies in to use it.”

With P’zazz’s full-time crew and licensed captain, that is exactly what the Cohens intend to do as they eventually work their way around the world in the vessel, Cohen says. “We wanted a boat that could make a world cruise and weather any condition,” he says. “This boat can.”

Across the harbor from P’zazz sits the county’s second-largest mega-yacht, the 123-foot Crystal, which is also intended for an around-the-world cruise. But while P’zazz was built for “fun and laughs,” Crystal, which carries a price tag of $6.5 million, was built with only one thing in mind--fishing.

The owner, Bobby Cornelius, a Newport Beach land developer, believes that the boat is the largest private sportfishing yacht in the world. Last year, shortly after Crystal was launched, Cornelius took the boat to Alaska, where he fished for three months. Next May, he plans to begin an around-the-world fishing cruise that he expects will last more than three years. “We’ll go from here to Hawaii, then the Christmas Islands and Tahiti. We’ll fish all those islands and then go on to American Samoa, Fiji and then south to Zealand,” Cornelius says. “I want to fish everywhere in the world that has big fish. That’s what this boat was built for.”

The boat will carry a full-time crew of eight, including a licensed captain.

Cornelius intends to fly back and forth between the boat and Orange County.

Although Crystal was built with fishing in mind, it was furnished for comfort and good living. The main salon is large enough to double as a dance floor and features a big-screen TV and baby grand piano. The boat has five separate staterooms, separate crew quarters, 10 bathrooms and a formal dining room that can seat 10.

The master stateroom has its own hot tub, complete with overhead chandelier, and there is another four-person hot tub on the bow. The boat’s built-in entertainment system includes seven televisions and two different movie channels to view videos.

The boat carries nearly twice as much fuel as P’zazz and has twice the cruising range. When at sea on extended fishing trips, Cornelius keeps in touch with his office through a sophisticated satellite communications system. Within the boat itself, guests and crew keep in touch via an internal switchboard and 26 telephones.

“When people first come aboard the boat, they are awed,” says Heather Landridge, Cornelius’ fiancee. “It is hard to take this all in at once.”

Locally, Cornelius and Landridge use the boat for harbor cruises and private parties, including a recent party for Landridge’s teen-age daughter and about 80 of her young friends.

Occasionally, when the boat is in the harbor and not being used, Cornelius charters it, a practice that is becoming increasingly popular among big boat owners, according to Jim Gilbert of Showboats International.

People who own luxury yachts are discovering that by chartering, they can often help cover the high expense of operating such a vessel, Gilbert says. One industry expert estimates that it costs about 10% of the value of a yacht just to maintain it on a yearly basis. Minimum maintenance on a 100-foot yacht would run about $300,000 a year, yacht broker Corkett says.

Part of that expense includes buying or renting a dock large enough to accommodate such a vessel. When Cornelius launched his boat a year ago, he had to buy a new house on Lido Isle in order to find a spot large enough to dock the Crystal, which was too big to fit underneath the bridge leading into Cornelius’ former Huntington Harbour home.

And, indeed, Corkett says that one of the biggest drawbacks to keeping mega-yachts in Orange County is the lack of places to put them. “About 99% of the (waterfront) houses here do not have that capacity,” he says.

As Capt. Harry Gage, Orange County harbor master, explains: “If you are tying a boat up in front of private property, the limiting factor (along the waterfront) would be the property line. You can’t extend beyond your property line.” The distance the slip can be built out into the channel is also limited, Gage says. “There are imaginary lines in the water that define the water area. Slips are limited by the pier head line. You can’t extend beyond that (imaginary) line. So the size of slips is limited.”

As for renting a 100-foot slip, the prospects are slim. There are only a few in the county, and they are already occupied. The 140-slip marina at the Balboa Bay Club, home to some of the biggest boats in the county, has only six 100-foot slips that rent for $13.50 a foot, but the marina is full and has a waiting list.

In Orange County, the larger the boat, the smaller your chances of finding a place to put it, according to Corkett, who has worked at Ardell Yacht & Ship Brokers in Newport Beach for 26 years. “We have one 150-foot slip here at Ardell’s,” he says. “But when we were selling a 179-foot boat--the largest Ardell has sold on the West Coast--it was too big to berth here. We had to take it to Los Angeles.”

But even more limiting than slip size is water depth in the harbor, Gage says. “The real constraint in Newport Beach is going to be the draft (the submerged portion) of the vessel,” he adds. Newport Harbor is 22 to 23 feet deep in the main channel, he says, but when you get outside that channel, much of the bay is only 10 to 14 feet deep.

Many mega-yachts have drafts greater than that. For instance, the palatial yacht owned by a member of the royal family in Saudi Arabia and featured in Showboats International is 134 feet long and has a draft of 14 feet, 6 inches. The yacht would go aground before it even got to the dock in most areas of Newport Harbor.

Even P’zazz, with a draft of 8 feet, sometimes sits on the bottom in its slip, according to Becker, who must plan his departures based on the tide charts.

Even when the tide is right, just getting out of the slip in a crowded harbor like Newport Beach can be difficult for a big boat, Becker says. “On the Fourth of July, I wasn’t sure I was going to be able to back out of here it was so crowded.”

On the Waterfront appears each Saturday, covering boating life styles as well as ocean-related activities along the county’s 42-mile coastline. Send information about boating-related events to: On the Waterfront, Orange County Life, The Times, 1375 Sunflower Ave., Costa Mesa, Calif. 92626. Deadline is two weeks before publication. Story ideas are also welcome.

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If this were a real James Bond scenario, it would be a darn good one. A James Bond-themed superyacht, aptly called 007 and restyled to resemble something the world-famous spy would sail, has been refloated, six full months after it was intentionally run aground.

On September 2, 2022, 007 ran aground off the coast of Greece, in Kolona Bay, some 15 meters (49.2 feet) from the beach. Initial reports said that some kind of navigation error had steered the vessel off course, so it hit rocks when it entered shallow waters. The hull was pierced and it started taking on water, so, to prevent it from sinking into deeper waters, the captain ran it aground.

After that, 007 tilted to the port side and eventually capsized, ending up on its side. It spent the next six months that way, with authorities seemingly in no rush to salvage it, though they did put up floating walls to keep pollution under control. As of this moment, the exact damages to the ecosystem are unknown.

On March 6, Greek authorities began the salvage operation, which concluded on March 22, with 007 refloated. If this happened in a James Bond movie, it would probably be the scene before the end credits, and Bond himself (Bond, James Bond) would make an appearance alongside the lady of the moment, and they would kiss as the camera would zoom out on the beautiful vessel, back in an upright position.

But this is no movie, and the situation continues to remain very strange, beyond the fact that authorities waited half a year to remove a vessel that posed a danger to the picturesque area.

By the looks of things, 007 has been abandoned by the owner, a millionaire businessman who was also the captain, amid claims that he deliberately ran it aground for other reasons than those having to do with the danger of sinking. One particular report, included in the second video available at the bottom of the page, says that he did it because the ship was no longer seaworthy and may have had severe balance issues brought on by repeated modifications to the hull.

Delivered in 2006 by Aegean Yachts as Royal Enterprise, 007 was initially a 32-meter (105-foot) that was modified extensively in subsequent refits. When it ran aground, it was 49 meters (160 feet) long and featured all the trappings of larger superyachts, including a touch-and-go helipad and an additional deck that wasn’t in the original design by Yavuz Mete.

According to the latest reports in the Greek media, the millionaire owner has been given one month to recover his superyacht, now that it’s been refloated, after which he will be liable to huge fines. Whether he’s actually coming back for it, after it spent half a year half-underwater, remains to be seen

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Source: Forbes

$200 million: The Seven Seas yacht has a movie theater, infinity pool, gym and helipad. Reportedly, it once belonged to Stephen Spielberg.

$210 million: Billionaire Nassar Al-Rashid owns this yacht embellished with 24-karat gold lettering.

$250 million: Qatar's former Prime Minister, Hamad bin Jassim bin Jaber Al Thani, owns the $250 million Al Mirqab. It has a movie theater, outdoor bar, indoor swimming pool, jacuzzi, and helipad.

Source: Daily Mail

$256 million: The Dilbar is owned by Russian billionaire Alisher Usmanov. With more than 3,800 square meters of living space, the Dilbar makes for a comfortable way to travel. It also has two helipads and an indoor swimming pool.

Source: Yacht Harbour 

$300 million: The Sultan of Oman owns the 509-foot long Al Said yacht. It has room for more than 60 guests and a concert hall that can house a 50-piece orchestra.

$350 million: Russian billionaire Andrey Melnichenko owns Motor Yacht A, which resembles a military-style submarine and has a helipad.

Source: The Sun 

$400 million: Sheikh Mohammed bin Rashid Al Maktoum, the Vice President and Prime Minister of the United Arab Emirates, owns the massive Dubai yacht, which costs an estimated $400 million. It has a mosaic swimming pool, circular staircase, and helipad.

$500 million: Andrey Melnichenko also owns Sailing Yacht A, which has an underwater viewing pod.

Source: CNN Money 

Source: Boat International 

$560 million: Mohammed bin Salman, the deputy crown prince of Saudi Arabia, owns this 440-foot yacht dubbed the Serene. At $560 million, it has 15 rooms, a club, multiple swimming pools, a spa, a gym, and two hot tubs.

Source: New York Times

Source: The Observer

$590 million: Entertainment mogul David Geffen owns this 454-foot superyacht know as the Rising Sun, complete with a basketball court and space for 18 overnight guests. In April 2017, Geffen hosted the Obama family on his yacht.

Source: Business Insider

$600 million: The Azzam yacht is the world's biggest private superyacht, and is rumored to have a submarine with a missile defense system. It is speculated to be owned by Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates.

Source: CNN

$600 million: Russian billionaire Roman Abramovitch's yacht, dubbed the "Eclipse" is estimated to be anywhere from $600 million to $1.5 billion. The superyacht features several helipads, more than 20 guest cabins, two swimming pools, a sauna, and several hot tubs.

$4.8 billion: The History Supreme is made from solid gold and is the most expensive yacht in the world. It reportedly sold to a Malaysian businessman in 2011.

• Main content

74' 1989 Hatteras 74 CPMY

This is a custom 74’ Hatteras originally designed to the requirements of NASCAR legend Dale Earnhart, Sr. in 1989 who wanted a luxury yacht capable of off shore fishing. The yacht was equipped per his specifications with big game fishing gear including Rupp outriggers, bait chillers, freezers, ice makers, fighting chair, cockpit engine controls, specialized outdoor lighting, two extra long range fuel tanks and custom cockpit electronics all at a cost of 2.2 million dollars. The vessel has multiple radars, autopilots, fishfinders, chartplotters and radio systems. It is equipped to run far offshore to get game fish such as marlin, sailfish and tuna. The vessel comes with long range short wave radio transceivers, weather receivers and satellite systems.

Specifications

Basic information, dimensions & weight, tank capacities, accommodations, vessel details.

FOUR CABIN, FOUR HEAD LAYOUT There are four sleeping areas including owners quarters, vip quarters, guest quarters and crew’s quarters. There are four bathrooms, each with showers as well as a jacuzzi in the case of the owner’s quarters. A full service galley contains high end cooking equipment, dishwasher, built in blender and a breakfast nook.  

The vessel comes with a pbx telephone system for each room with satellite connectivity, integrated cell phone and intercom capability.

There are two bar areas, a Gennair grill, multiple ice makers, multiple refrigerators, custom glassware cabins and deep bar sinks.

Magic Chef 4 burner stove and oven Kitchen Aid trash compactor Daewoo Refrigerator Sharp microwave oven Garbage disposal Plentiful storage and cabinetry

Entertainment

All living areas come with AC and DC lighting with indirect, direct, adjustable and outdoor lighting. The entertainment system includes multiple smart HDTVs, a stereo system with speakers in every living area, multiple am/fm/cd radios distributed throughout and a satellite tracking system capable of receiving Direct TV. There is a high gain off air TV antenna that has amplification and distribution throughout the vessel as well as a cable distribution system.

Flybridge/Deck

FLYBRIDGE Custom fixed Hard Top with 3-side enclosure Custom companion & helm seat on Flybridge Bow sun lounge and seating with cushions Custom tables on flybridge Four bar stoolsWet bar w/Scottsman icemaker and Kitchen Aide refrigerator Custom built-in Jennaire grill U-shape seating for 6 behind Captain chairs Marquipt stainless stairs to Flybridge from Pilothouse 

UPPER DECK Marquipt davit w/chocks & tie downs Dunnage boxes forward deck and flybridge

COCKPIT Cockpit freezer & refrigerator Cockpit controls with thruster radio and echo sounder RUPP Outriggers Pompanette Fighting chair 4 rod holders in cockpit Lucite aft salon door Freshwater washdown Boarding ladder & stairs Swim platform

LOWER and FORWAD DECK Marquipt boarding ladders Side stanchions w/lifelines Box pulpit w/rails Electric windlass w/300' chain Danforth anchor and extra anchor 

Hull is finished with Imron hull color is white

110V 220 volt AC system Two (2) 20 KW Onan generators (approx 2300 hrs each) Automatic battery charger Dockside electrical cable Glendenning auto retractable cable master port and starboard sides Transformer protected shorepower systems

12V; 24 volt DC system (6) batteries with parallel switch Magnetic circuit breaker US approved tin coated wring Full electrical, AC, waste, water and fuel access port and starboard side

Engines and Mechanical Features

Detroit Diesel 12-71 TA Port 2065 hrs Starboard 1945 hrs Wesmar bow thruster Coolant recovery system Hynautic hydraulic wheel steering Trim tabs Acoustical & thermal insulation Electric overboard discharging head Raw water sea strainers Lube oil storage tank

6 CruiseAir reverse cycle a/c systems Lube oil transfer system Niad stabilizers 850 GPD Watermaker (2) bilge blowers

Racor dual stage fuel filter-main eng Engine fuel shut-off antisiphon valve CO2 fire control system Engine synchronizer with emergency Stop Racor fuel filter on generators (6) Auto bilge pumps Dripless stuffing boxes

Electronics

Flybridge: Robertson autopilot Icom IM504 VHF radio Northstar 951GPS Northstar 961 Chartplotter Datamarine speed/depth indicator Furuno 48 mile radar Seatel 322 SATCOM Richie Constellation gyrocompass

SATELLITE TV

RCL 100 search light Sony stereo Pilothouse: Robertson Autopilot Sea 322 SSB radio with Necode Northstar 961 XD GPS Furuno 72 mile daylight radar Icom M 120 VHF radio Icom Hailer Trimble Navtrac GPS Datamarine 3200 digital speed/depth indicator Furuno Navtex NX500 receiver Ritchie Compass

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Skippers in millionaire yacht tragedy ordered to face court

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TWO yacht skippers involved in a fatal sailing accident that killed a millionaire Wye Valley businessman have been ordered to appear in court later this month to answer charges of manslaughter and shipwreck.

Dean Kronsbein, 63 – the owner of the Ultra-Filter Medical business in Ross-on-Wye – died in July 2022 after being thrown into the sea off the coast of Sardinia, when his 88ft-long luxury yacht almost collided with a boat owned by former Italian president Silvio Berlusconi off the jet set holiday destination of Porto Cervo.

The public prosecutor’s office in the island town of Tempio Pausania has filed for the two captains to face charges, with Mario Lallone, 68, and Luigi Cortese, 58, told to appear in court on November 28.

Lallone was skippering Mr Kronsbein’s yacht Amore, while Cortese was captain of the Sweet Dragon, which had members of the Berlusconi family on board at the time, although the controversial former president, who has since died, was reportedly not on the Magnum 70 motorboat.

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An in-depth reconstruction of the accident by the Italian Coast Guard concluded that the two boats were sailing on a collision course at high speed in the stretch of sea between Li Nibari and the Rocce islet.

The Amore yacht swerved to avoid the collision and hit the rocks when Mr Kronsbein – a vintage car fan and friend of local Grand Tour TV star Richard Hammond – was thrown overboard, suffering fatal injuries.

His wife Sabine and daughter Sophia also suffered injuries in the accident, which happened on Sunday, July 31, last year.

The prosecution report to the court in Sardinia accuses the skippers of ‘negligence, imprudence and inexperience’.

It highlights that the yachts were sailing fast towards each other ‘at between 26-28 knots’ off islands on the north-east coast of the millionaires’ playground, in waters where navigation is banned.

Lallone has told investigators he was forced to suddenly change course to avoid colliding with the other boat, a version that Mr Kronsbein’s family have reportedly backed.

But the commander of the Sweet Dragon claims that the Amore yacht made the wrong manoeuvre, causing the collision with the islet rocks.

More than a year on from the accident, public prosecutor Daniele Rosa has now released the Berlusconi yacht from seizure after a lengthy investigation that pored over the boat and its systems.

All the data in the GPS and in the engines of the motorboat were downloaded to reconstruct the dynamics of the accident.

Mr Kronsbein, whose business gave away thousands of free masks during the pandemic, lived just outside Ross with his family at Cubberley House, Hom Green. Like Mr Hammond, he was a vintage car enthusiast and hosted motoring events at his home.

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