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Passing Of A Legend: Viking’s Robert Healey, Sr.

Robert Healey, Sr.

Robert Healey, Sr. – who cofounded the Viking Yacht Company with his brother Bill back in 1964 -passed away on December 9, 2021.  He was 92.

A graduate of Camden Catholic High School, St. Joseph’s University, and the University of Pennsylvania, where he obtained his law degree, Bob would spend 25 years dedicated to the field of law before he and Bill turned Viking into the #1 sportfishing yacht manufacturer in the world.

With Bill handling the boat manufacturing end, brother Bob steadfastly kept up on the business side of the equation.  As Viking’s Chairman of the Board for 57 years, Healey, Sr. diversified their financial interests into multi-family, industrial and commercial real estate, oil and gas exploration and development.  He would go on to receive numerous awards for his many achievements, including induction into the NJ Marine Trades Association Hall of Fame, as well as the National Marine Manufacturers Association Hall of Fame.

When the Healey brothers bought Peterson-Viking Builders, it was a small, struggling New Jersey builder of 37-foot, wooden sportfishing boats.  The first all-fiberglass Viking, the 33′ Convertible, wouldn’t roll off the New Gretna, NJ line until 1971.  But on their nearly six-decade journey towards becoming number one in the sportfishing game, Healey, Sr. also channeled his financial success into philanthropic interests, which included building schools in impoverished areas of Mexico, and providing housing, medical assistance, education, food and clean water to the people of war-torn Sierra Leone through the Healey International Relief Foundation.

Together with his wife Ellen, he also founded the Gleneayre Equestrian Program, which uses the unique connection between horses and people to support learning, growth, and healing to help support at-risk youth.

viking yachts net worth

“My father was a true leader, and his vision will always guide us,” said his son, Robert Healey, Jr. who added “He believed that the people around him – his family, friends and employees – lifted him to success and it was his obligation to leave the world a better place.”

father-son

No Is Not An Answer

I was executive editor of The Fisherman Magazine in late 2008 when Mr. Healey called me on the phone to pitch me an idea. “Mr. Healey” is the only way I felt able to address him then, as I do today. It’s probably important to understand that my honor and respect for the Healey family came at an early age. My grandfather, James Becotte of Ocean City, had run boats for Post Marine in Mays Landing, and he would occasionally take me for tours of some of the local manufacturing facilities; our visit to the Viking facility in the 1970s somehow stuck out vividly in my memory.

So while working out of our Shirley, NY headquarters for just 2 short years, I was a bit surprised when Mr. Healey asked me over the phone to take the reins as managing director of the Recreational Fishing Alliance (RFA). I politely declined, to which he responded rather emphatically that I should personally visit him and his son Bob, Jr. at the Healey’s horse farm. To paraphrase, “Nobody says no to me on the phone, you come out and here and tell me in person.” As I was beginning to learn, Mr. Healey was not the type of man to take “no” or “not” as an answer.

In the 1950s, the Healey brothers acquired and developed the Bass River Marina in New Gretna before buying Peterson-Viking in the 1960s. After renaming the company to Viking Yachts, the Healey’s moved the boat manufacturing facility to their property adjoining the marina. But as business began to occupy so much of their time, they sold off the marina to focus attention on Viking; Bob, Sr. the moneyman and Chief Executive, while Bill focused on the essentials of boat building.

Viking Yachts would go on to become what they are today, but not without one incredibly large obstacle that threatened to destroy everything. In November 1991, President George H.W. Bush signed off on a luxury tax aimed at reducing the federal budget deficit (despite that “read my lips” moment on the campaign trail). The 10% luxury tax was levied on watches, jewelry, expensive furs, private jets, expensive cars, and yes, boats and yachts too. While some Americans might see a tax on the rich as a worthy investment in the middle class, it would turn out to have many different results. As noted in a 1993 Baltimore Sun article, the Luxury Tax would cost billions of dollars in lost boat sales and tens of thousands of lost jobs between 1990 and 1993. Many boat manufacturers went belly up during this period, and Viking itself was forced to lay off all but 65 of its 1,500 boatbuilders.

As I said, Mr. Healey never responded well to no’s and not’s, and he was instrumental in spearheading a national, grassroots campaign to fight the tax. Mr. Healey took the industry lead, organized busloads of out-of-work boatbuilders to converge on Capitol Hill for demonstrations, and set fire to a boat on a barge in Narragansett Bay as a highly effective symbol of protest. He would continue to work with Rep. William Hughes of New Jersey’s second congressional district to help secure votes in Congress, and by August of 1993, President Bill Clinton officially signed the repeal of the “luxury tax” while citing an overwhelming loss of American jobs.

“My uncle’s efforts to repeal the Federal Luxury Tax on yachts will never be forgotten,” said Bill’s son and Viking Yachts President and CEO Pat Healey. “He saved not only Viking but the entire marine industry. He was the catalyst and leader, and he wouldn’t take ‘no’ for an answer.”

With his brother’s help, Mr. Healey privately funded the company out of his own savings, allowing Viking to tool up new models during the early 90s downturn. While sales from 1991 until 1993 were dismal to say the least, the Healey’s decision to remain open allowed the company to tool up for new models, which helped the company leapfrog competition in the mid-1990s. Once the Luxury Tax was finally repealed, Viking Yachts fired out of the gate, taking over the position of #1 sportfishing yacht manufacturer.

“He was a brilliant lawyer and savvy businessman who was able to convince the politicians in Washington that this was very much a jobs issue,” his nephew Pat said, adding “It was a great victory for our family-owned-and-operated boatbuilding company, the people of New Jersey and everyone in the marine industry.”

Thus it was sometime around Christmas of 2008 – not long after the passing of my grandmother Becotte – when I sat down personally with Mr. Healey and his son Bob, Jr. at their Gleneayre farm to discuss the RFA position offered by phone; the one which I’d already turned down. After trying the “no” route several more times during our meeting, I eventually agreed to give notice to The Fisherman in early January; I would spend the next 6 years at RFA working not far from the Viking facility in New Gretna.

generation

The Politics Of Fishing

In the years that immediately followed the luxury tax repeal, Mr. Healey began to focus on the political solutions to problems plaguing the recreational fishing and boating industry. In 1996, he and former New Jersey charter boat captain Jimmy Donofrio helped establish RFA as a 501(C)(4) nonprofit political action organization to promote sustainable fisheries and a healthy marine environment. Over the past 25 years, Viking has contributed well over $1 million to the RFA efforts.

“I got to spend a lot of time with Bob driving to DC meeting with House and Senate members, and I was always amazed by his instinctive ability to analyze a situation and read people,” Donofrio said of Mr. Healey. “He was a brilliant leader and a mentor for me. He always told me just keep moving forward and get it done. I am happy he had a full life and I was glad to have some part in it over 25 years. Love you Bob,” Donofrio added.

Of Donofrio, Mr. Healey leaned towards me across his desk during that sit-down at the family farm in 2008, and in deadpan expression said “You see, Jimmy Donofrio is like nuclear energy, control it and you can power the world.” As he spoke, he brought his hands together with fingers entwined, before suddenly breaking his hands apart and saying “but if you can’t keep it under control, you could destroy the entire planet.”

It was a strange way to hammer the deal into place. Those who know Donofrio will no doubt appreciate the analogy. But those two men have very much been like father and son, loyal as the day is long, and patriots to the cause. The fact that Mr. Healey passed away just weeks before Donofrio’s official retirement from the RFA was perhaps more poignant than coincidental; both representing devastating losses to the fishing community as a whole.

Some cynics I’ve met over the years could never be convinced that Bob and Bill Healey cared much for the little guy, blindly viewing them simply as wealthy boatbuilders who only cared about their big boat customers. But as Mr. Healey would often explain to me, hardworking folks who make a modest living today strive for success in the future; a young plumber’s apprentice for example, working a 60-hour workweek so that he can climb aboard a skiff for a weekend of fluking, might someday step away from his own plumbing and supply company for a few hours each week to tool around in his 55′ Viking convertible called Pipe Dreams .

So as much as the Healey family has remained committed to a personal mantra “to build a better boat every day,” they also dedicated their personal and professional lives to looking out for everyone else in the recreational fishing and boating community, navigating some often treacherous political waters. As the saying goes, “a rising tide floats all boats.”

“My father always said, ‘We’ve worked hard to get to the top of the mountain, we’re enjoying the view and we’re not going to give it up,'” said Bob Jr. who is now co-chairman of the Viking Group which manages Viking Yachts, Viking Investments, Viking Associates, Viking Residential and Viking Developers. In fact, in following with his father’s belief in finding political solutions to solve problems, the younger Healey recently tossed his hat into the political ring in announcing his bid for Congress in 2022 running against Rep. Andy Kim in New Jersey’s third congressional district.

“The reason those boats are of such good quality is because we’ve got a 57-year history of having really great people that work alongside us,” Healey, Jr. was recently quoted as saying at NewJerseyGlobe.com , adding “We’re talking about 57 years of people who have been able to buy a house based on working for our company.”

“Some of them are immigrants. Some of them were born and raised here. Some of their families go back 300 years in places like Ocean County and Atlantic County… they’re all really good people,” Healey, Jr. told NewJerseyGlobe.com .

The Healeys repurchased Bass River Marina again in 2002, reopening it as the Viking Yachting Center. Along with the Viking Yacht Company, the marina complex also includes Breeze’s Bar and Grill on the Bass River along with a fuel dock. In 2016, Viking also purchased the Ocean Yacht facility in Egg Harbor City – roughly 9 miles from the New Gretna facility – where Viking Mullica builds the new line of Valhalla Boatworks center consoles from 33 to 46 feet.

All together both South Jersey facilities employ roughly 1,100 good people.

Perrine, Leek, Cavileer, Hankins, Henriques, Hunt, Post, Olsen, Peterson; the list of family names in New Jersey boatbuilding history is a long one, dating back to colonial times. And while Viking may be the brand best known around the globe today, it’s the Healey name that will carry along with the other legends of New Jersey’s rich seafaring lineage.

Fair winds and following seas Mr. Healey.

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viking yachts net worth

Boating Industry

Industry mourns loss of Viking Yachts founder Robert Healey, Sr.

viking yachts net worth

Robert T. Healey Sr., the co-founder of the Viking Yacht Company who helped build the company into an industry leader and led the fight that repealed the Federal Luxury Tax on yachts in the early 1990s, passed away last week at the age of 92.

“My father was a true leader, and his vision will always guide us,” said his son, Robert Healey Jr. “He believed that the people around him – his family, friends and employees – lifted him to success and it was his obligation to leave the world a better place.”

Bob Healey Sr. and his brother Bill established Viking Yachts in 1964, and the company went on to become the largest manufacturer of sport fishing yachts in the world. But that success may have never been achieved without the determination and perseverance of Bob Healey. When a federal 10% luxury tax was imposed on yachts in 1991, thousands of people were laid off and hundreds of companies went out of business. Viking nearly went bankrupt, closed a plant in Florida and laid off all but 65 of its 1,500 boatbuilders.

Bob was instrumental in organizing a national, grass-roots campaign to fight the tax. He took the industry lead, organizing busloads of out-of-work boatbuilders to converge on Capitol Hill for demonstrations, and setting fire to a boat on a barge in Narragansett Bay as a highly effective symbol of protest. The tax was repealed 20 months later in 1993.

“My uncle’s efforts to repeal the Federal Luxury Tax on yachts will never be forgotten,” said Bill’s son and Viking Yachts President and CEO Pat Healey. “He saved not only Viking but the entire marine industry. He was the catalyst and leader, and he wouldn’t take ‘no’ for an answer. He was a brilliant lawyer and savvy businessman who was able to convince the politicians in Washington that this was very much a jobs issue. It was about good hardworking people losing their ability to provide for their families.

Bob’s 11th-hour lobbying efforts with Congressman Bill Hughes, who represented N.J.’s Second District, helped secure the votes needed to repeal the Luxury Tax in 1993. “It was a great victory for our family-owned-and-operated boatbuilding company, the people of New Jersey and everyone in the marine industry,” said Pat.

With Bill’s help, Bob privately funded the company out of his own savings, allowing Viking to tool up new models. The company came out of the gate running when the tax was finally repealed – and they never looked back.

Bob graduated from Camden Catholic High School, attended St. Joseph’s University in Philadelphia, graduating with a B.S. in Political Science, and earned a J.D. from the University of Pennsylvania Law School. He practiced law in Camden County, N.J., for 25 years before retiring as a senior partner in the firm of Healey, Mueller and Tyler to devote himself full time to business interests.

In the 1950s, his brother Bill joined Bob in the real-estate development business. Among other projects, the two brothers acquired and developed the Bass River Marina in New Gretna, N.J. In 1964 a small, local builder of wooden boats, Peterson-Viking, was having financial trouble, and the brothers agreed to buy the company, changed the name to Viking Yachts, and relocated the business to their property adjoining the marina. The boatbuilding business soon occupied much of their time, so the brothers sold the marina and concentrated on building yachts. Bob was the company lawyer, moneyman and Chief Executive while his brother built the boats.

Committed to their mantra to build a better boat every day, Bill and Bob pushed Viking to the pinnacle of their industry with more than 5,000 boats delivered. They successfully steered the company through the ups and downs of economic cycles. “My father always said, ‘We’ve worked hard to get to the top of the mountain, we’re enjoying the view and we’re not going to give it up,’ ” remembers Bob Jr., currently the Co-Chairman of the Viking Group, which manages Viking Yachts, Viking Investments, Viking Associates, Viking Residential and Viking Developers.

As Viking’s Chairman of the Board for 57 years, Bob Healey Sr. diversified their financial interests into multi-family, industrial and commercial real estate, oil and gas exploration and development, and the financial management of the Healey family assets.

Together, Bill and Bob Healey achieved many milestones. In 1996, they founded the Recreational Fishing Alliance (RFA), a non-profit organization formed in 1996 to promote sustainable fisheries and a healthy marine environment. Viking has contributed well over $1 million to the RFA. In that same year, the brothers established Viking Sport Cruisers, a company that has been highly successful distributing British-built, high end cruising yachts, built to Viking’s specifications, through its dealer network in North America. Bob, Bill and Pat received the Ernst & Young 1998 New Jersey Manufacturing Entrepreneur of the Year Award. Fifteen years later, the family would earn a second award from Ernst & Young.

Ironically, the Healeys bought back Bass River Marina in 2002 and reopened it as the Viking Yachting Center. They were inducted in 2003 into the National Marine Manufacturers Association Hall of Fame for their outstanding contributions to the marine industry.

In honor of their service and commitment to the marine industry for more than a half a century, Bill and Bob were honored with the 2019 IBI-METSTRADE Boat Builder Lifetime Achievement Award, which was accepted by Bob Jr.

Bob received many more awards for his achievements, including induction into the NJ Marine Trade Association Hall of Fame and the Rowan University Milestone Award. Bob also channeled his financial success into philanthropic interests, which included building schools in impoverished areas of Mexico, and providing housing, medical assistance, education, food and clean water to the people of war-torn Sierra Leone through the Healey International Relief Foundation. “My father was a good man with a deep faith and commitment to service,” said Bob Jr., who recently announced his candidacy for Congress in New Jersey’s 3rd District. “No person or mission was ever a lost cause to him. He saw the potential in everyone and believed that our true worth and value in life is in our contributions to others.”

A devout Catholic and product of Catholic school education, Bob brought his business skills to the challenges facing Catholic schools in the U.S. and formed the Healey Education Foundation and the Catholic Partnership Schools in Camden.

With his wife Ellen, Bob founded the Gleneayre Equestrian Program for at-risk youth. The program uses the powerful connection between horses and people to support learning, growth and healing.

For his philanthropic efforts, Bob received the Lewis Katz Excellence in Education Award, the Beacon of Light Award, the Catholic Charities Bishop Nicholas DiMarzio Award for Leadership, an Honorary Doctorate Degree from Scranton University and the Shield of Loyola Award from St. Joseph’s University.

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Robert T. Healey Sr., co-founder of Viking Yachts who fought federal boat tax, dead at 92

viking yachts net worth

BASS RIVER - Robert T. Healey Sr., who with his brother turned a struggling New Jersey boat maker into the world’s largest manufacturer of sportfishing yachts, has died at the age of 92, announced his company, Viking Yachts.

“My father was a true leader, and his vision will always guide us,” said his son, Robert Healey Jr., in the statement. “He believed that the people around him — his family, friends and employees — lifted him to success and it was his obligation to leave the world a better place.”

Born on St. Patrick’s Day 1929 in Atlantic City, Robert Healey Sr. died one week ago on Dec. 9.

Healey Sr. and his brother Bill established Viking Yachts in 1964, which would eventually become known as the “Mercedes-Benz” of the boat world.

By 2001, the company was manufacturing 107 boats per year, each at an average price of $1.5 million and the company was employing 1,300 people at its 550,000-square-foot production site in the marshland around the Mullica River, between Ocean and Atlantic counties.

In the statement from Viking Yachts on Wednesday, the company noted that Healey had led the fight to repeal a federal luxury tax on yachts in the early 1990s.

In January 1991, the 10-percent luxury tax was instituted on purchases of boats that sold for more than $100,000. The levy came at the height of the recession in the early 1990s, with lawmakers calculating at the time that the amount would be easily absorbed by anyone with the resources to buy a yacht.

However, the tax backfired and ended up costing 3,200 New Jersey residents their jobs in the boat-building industry. At the time, New Jersey ranked fifth among states in boat sales and was home to several companies that built large, luxury vessels that sold for $400,000 and more.

Viking nearly went bankrupt, closed a plant in Florida and laid off all but 65 of its 1,500 boatbuilders, the company said.

Healey organized a national, grassroots campaign to fight the tax. He lobbied congressmen and organized bus trips for out-of-work boatbuilders to Capitol Hill to convince lawmakers to repeal the tax. He even had a boat set ablaze in Narragansett Bay in Rhode Island, in an effort to attract public attention to the issue, the statement said. The tax was repealed in 1993.

“My uncle’s efforts to repeal the federal luxury tax on yachts will never be forgotten,” said Bill Healey’s son, Pat Healey, president and chief executive officer of Viking Yachts.

“He saved not only Viking but the entire marine industry,” Pat Healey continued in the statement. “He was the catalyst and leader, and he wouldn’t take ‘no’ for an answer. He was a brilliant lawyer and savvy businessman who was able to convince the politicians in Washington that this was very much a jobs issue. It was about good hardworking people losing their ability to provide for their families.”

After he graduated from Camden Catholic High School, Robert Healey Sr. attended St. Joseph’s University in Philadelphia, graduating with an undergraduate degree in political science. He went onto earn a law degree from the University of Pennsylvania Law School. Later, Healey practiced law in Camden County for 25 years. He retired as a senior partner in the firm of Healey, Mueller and Tyler, so he would be free to pursue his business interests, according to Viking Yachts. 

In the 1950s, he and his brother went into the real estate market and developed the Bass River Marina in the New Gretna section of Bass River. More than 57 years ago, Peterson-Viking — a small, local builder of wooden boats — was having financial trouble. The brothers bought the company, changed the name to Viking Yachts and relocated the business to additional property they owned adjacent to the marina. The venture soon occupied most of their time. Robert was the company lawyer, moneyman and chief executive. Bill built the boats, all according to the company.

According to his obituary , Healey is survived by his wife, Ellen; seven children, Lizanne H. Jenkins, Christine L. Healey, Caroline H. Adillon, L. Toland Sherriff, Robert T. Healey Jr., M. Alexis Iaccarino and Leigh H. Hughes; sixteen grandchildren and his brother William J. Healey.

He was predeceased by his first wife, Louise; and two brothers, Patrick and Edward. 

Erik Larsen: 732-682-9359 or [email protected]

Robert Healey, Viking Yachts co-founder, dies at 92

The New Jersey shipbuilding executive led a successful campaign against a luxury-boat tax in the 1990s.

Robert T. Healey Sr., an attorney and co-founder of New Gretna, N.J.-based Viking Yacht Co., died Dec. 9.

New Jersey yacht-building executive Robert T. Healey Sr., 92, who led a successful campaign against a luxury-boat tax in the 1990s that involved setting fire to a vessel in New England’s Narraganset Bay to publicize the issue, died Dec. 9. The cause of death was not disclosed.

Mr. Healey, a lawyer and co-founder of New Gretna, Burlington County-based Viking Yacht Co. , had spent 25 years as a business lawyer when he turned his focus to Viking Yachts, which he and his brother Bill acquired in 1964. As Viking’s chairman for 57 years, Mr. Healey expanded the business to encompass apartment buildings, industrial and commercial real estate, and oil and gas exploration.

Mr. Healey was also the father of Robert Healey Jr., a Republican candidate for the U.S. House of Representatives in New Jersey’s Third District.

While he was Viking’s chief executive, Mr. Healey led his industry’s response to a 10% tax on yachts and other luxury vessels imposed in 1991, which the company said had resulted in thousands of layoffs and the dissolution of hundreds of companies nationwide.

In 1993, after Mr. Healey organized busloads of out-of-work boatbuilders to converge on Capitol Hill for demonstrations and arranged to have a boat set ablaze on a barge in Narragansett Bay in Road Island, the tax was repealed.

“He saved not only Viking but the entire marine industry,” said Viking Yachts’ current president and chief executive, Pat Healey, Mr. Healey’s nephew. “He was the catalyst and leader, and he wouldn’t take ‘no’ for an answer.”

Mr. Healey was born in Atlantic City in 1929. He graduated from Camden Catholic High School and attended St. Joseph’s University and the University of Pennsylvania Law School.

He practiced law in Camden County as a senior partner in the firm of Healey, Mueller and Tyler before devoting himself full time to his business with his brother.

Under the brothers’ ownership, Viking become the largest manufacturer of sport fishing yachts in the world, delivering more than 5,000 boats to date. In 2002, the brothers repurchased the Bass River Marina in New Gretna, where they had started their business decades earlier before selling the property, rechristening it as the Viking Yachting Center.

Mr. Healey was also known for his philanthropy, which included building schools in impoverished areas of Mexico, and providing housing, medical assistance, education, food and clean water to the people of war-torn Sierra Leone through the H ealey International Relief Foundation , the company said.

“My father was a good man with a deep faith and commitment to service,” said Robert Healey Jr., who is co-chairman of Viking Group, which manages Viking Yachts, Viking Investments, Viking Associates, Viking Residential and Viking Developers. “No person or mission was ever a lost cause to him. He saw the potential in everyone and believed that our true worth and value in life is in our contributions to others.”

Mr. Healey is survived by his wife, Ellen; seven children, including Robert Jr.; sixteen grandchildren; and his brother Bill. His first wife, Louise, and brothers Patrick and Edward died earlier.

A funeral Mass was held for Mr. Healey on Dec. 17. Donations can be sent to charities supported by the Robert T. Healey Sr. Charitable Trust, which include the Healey International Relief Foundation, the Healey Education Foundation , and the Gleneayre Equestrian Program .

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The passing of a legend - Viking Yachts Co-Founder Robert T. Healey Sr. (1929-2021)

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The Top 10 Viking Yachts of All-Time

The Viking Yacht Company has been in business for about forty five years now, building luxury performance cruising and sport-fishing yachts. The company was founded by brothers Bill and Bob Healey in '64, when they purchased a small, financially struggling New Jersey manufacturer of thirty-seven foot, wooden sport fishing boats called Peterson-Viking Builders. Today, Viking Yachts is a leading producer of semi custom fiberglass yachts with more than 4,000 boats under its name.

Of those, these are the top 10 Viking Yachts of all time.

Viking 42 ST

Viking has been known to combine one model's features with the other, as is evident with the Viking 42 Open and 42 Convertible, which have the same hull with noticeably different interior and deck arrangements. The 42 ST is fitted with a tuna tower from Palm Beach Towers, and is ideal for cruising the Bahamas, cobia hunting, and riding the sailfish circuit. It has a characteristic New England taste and comes with an option for a custom fiberglass layer for the antennas.

The 42 ST also features the twin mezzanine cockpit familiar with the 42 Open. These models are a thrilling addition to the Viking yachts with their dramatic design combined with the eclectic running attributes of the sea-friendly resin infused hull boosted by Cummins QSC 600mhp diesels and the protruding pod drive propulsion system.

The Viking 55C is a blue water champion, introduced in 1996 at the Ft. Lauderdale Boat show. The model came with a completely new style and out-competed its rival not only with its stunning performance, but also its superstar popularity that skyrocketed its sales. More than 150 models were built over the next 5 years, the most that have ever produced in that size range until now. In terms of performance, the boat could reach a top speed of 40 knots plus. The 55 convertible is ideal for those who love to fish offshore and sleep late.

Viking 37 Billfish

When it comes to fishing, some things never change. This was inspiration behind the construction of the Viking 37 Billfish. Designed with the iconic Rybovich and Merritt day boats of the bygone era in mind, the yacht pays homage to the memory of these vintage vessels by featuring an upgraded styling and modern, more durable materials. As a result, the yacht offers attractive overnight accommodations, easier maintenance, and better performance.

A vital part of the Viking yachts collection, the 37B is designed to feel equally at home Pacific-fishing in the Costa Rica, blue-marlin in Bahamas, and home-fishing for sails on the shore of the Palm Beach. With air conditioning available on the command deck, fishermen on the southern end wishing to hide from the heat can find comfort and relief in the easily accessible cockpit.

Viking 60 combined the agility and swiftness of a Sport-fish with the comfort of a cruiser, giving the owner the best of both worlds. The boat offers excellent views from the fly-bridge, and is basically designed for speed. While steering is effortless and instantaneous, backing is a little harder and requires creating some distance from the helm.

Featuring a twin MAN 2840 LE401 ten-cylinder diesel engine that could produce 820hp, the yacht can achieve a maximum speed of 33mph and a cruising speed of 28mph. Its smart design is mostly responsible for the boat's impressive speed. The cockpit extension tapers upwards to create a hydrodynamic wedge, leading to extra lift from the base. This model was extremely powerful and in 1995, it was recognized as the Boat of the Year by Boating magazine.

Viking 75 Motor Yacht

Viking stopped producing motor yachts after the final Viking 60 was delivered in 2001. The development of the 75 motor yacht came from a strategic partnership between the Michael Peters Yacht Design corporation based in Sarasota, Florida, and the Viking Yacht in-house design team. The outside profile is smooth, curvy and covers several style cues from the company's convertibles including the familiar molded feature lines in the superstructure and hull, as well as the teardrop salon windows. The raked side and fiberglass hardtop has the same look as the Sky Bridge.

Viking 82CMY

Capitalizing on the 75 Motor Yacht's success, the Viking design team decided to progress with a new series of bigger models. The first wave in this new trend was the Viking 82 Cockpit Motor Yacht. The boat steered away from the luxurious, powerful cruiser and transitioned into a blue water yacht fisherman, heading on a 3-week vacation one day, and creating the perfect platform for a tournament fishing the next.

The cockpit occupies 108 sq. ft. and is accessible via dual teak planked stairs. Below the deck there is an inviting paddle boarding, diving, fishing, and other fun water activities. The lounge, which is 9 feet wide, is integrated into the mezzanine featuring an array of useful amenities.

Viking 92 Enclosed Bridge

This yacht has a striking profile with a number of motor yacht cues such as dual mezzanine decks - one on the primary level after the deck and the other in the cockpit. The first mezzanine provides both back-facing lounge seating, as well as a secondary seating space and table for dining. The Viking 92 also comes with an outside grilling and galley area for additional comfort and ambiance. The interior of the yacht is a display of luxury and elegance.

The 23' beam opens the salon while transforming it into a grand living room with inbuilt furniture and chic appointments such as a sixty-inch flat screen TV that is supported by a lift from the teak cabinetry. The boat is also equipped with 6 staterooms, each of which has a private shower and head. The full-beam master suite is fitted with a king-size bed, a dressing table, a walk-in closet, and his/her private facilities.

Viking 62 Convertible

Viking Yacht Company has always maintained a philosophy of creating a better yacht everyday. The 62 Convertible displays the Viking tradition of enviable edge engineering. It has a resin infused composite cored hull to optimize the boat's weight to strength ratio, using a high modulus of knitted fiberglass, carbon fiber, and Dupont's Kevlar. Similarly, hanging locker and interior stateroom doors integrate honeycomb coring for more weight reduction. The boat delivers top speeds of more than 42 knots thanks to a twin Caterpillar C32-A engines that can cough out 1925mhp.

Viking 48 Convertible

The 48 Convertible feature sleek, powerful exterior and a shiny resin-infused hull that extends its breadth to create a wider cockpit and more interior room. The forward chine and raked entry are built to penetrate the head seas and steer spray forward. The convex hull segments incorporate curvature and lead to the running surface. On the other hand, the maneuverability and lateral tracking are enhanced by the molded running strakes.

Viking 46 Open

The last yacht on our list is an example of the company's dominance in creating high performance luxury boats by maintaining exceptional quality, versatility, and value. The 46 Open features yacht club panache and blue water capabilities. It has a 121 sq. ft cockpit and comes with a molded deck for safe footing. As can be expected from Viking, the cockpit does not leave anything to chance, as it is fitted with such amenities as rounded coamings, tackle stowage, raw water wash-down systems, recessed hardware, and flush rod holders.

Garrett Parker

Written by  Garrett Parker

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  • Apr 25, 2023

Innovators in Boating - The Healey Brothers & Viking Yachts

1964 Viking Yachts Convertible

The pleasure boat industry is chock full of the most interesting of people -- hard working, dedicated individuals and families who have often put their life’s savings and full-time energies to fulfilling their dreams of creating the boats we know and love.

These are their stories.

Robert T. (Bob) Healey Sr. graduated with a degree in political science, earned a law degree from Philadelphia University, and practiced law for 25 years before retiring as a senior partner at his own law firm in New Jersey.

At that point, in the mid-1950s, his brother Bill Healey joined him in a real estate development business.

Soon after, they purchased and improved the Bass River Marina in New Gretna, New Jersey.

In 1964, they bought Peterson-Viking Builders, a local respected but struggling builder of 37-foot wooden cruising and sportfishing boats. The brothers moved the company next door to a marina on the banks of the Bass River and changed the name to Viking Yachts .

They subsequently sold the marina to concentrate on boat building, with Bob gravitating towards the management and financial side of the business while Bill took over the physical boat building within the plant.

viking yachts net worth

In 1967, Viking Yachts offered seven models, all made of wood, in 37, 38, and 44 feet in Express, Fly Bridge Sedan, Sport Fisherman, and Motor Yacht designs. All were inboard powered and only two were diesels. By 1968, the only Express model and only 37-footer, a holdover from the Peterson-Viking days, was gone. By 1970, Double Cabin designs had been added to appeal to family cruising as well as for extended fishing excursions.

In 1971, they adopted the relatively new technology of fiberglass construction and introduced their first composite model -- the Viking 33 Convertible. The 38-foot flybridge Sport Fisher and Double Cabin models were still being made of wood, as were the 42 and brand new 53-foot Motor Yachts. The Healey brothers made a point to participate in as many fishing tournaments as possible to learn how their boats were being used and what their customers wanted. They continued to do this throughout their careers.

The following year there were only three Viking models -- all of fiberglass construction. There was the 33 Convertible Sport Fisherman and Sport Sedan, plus the brand new 40 Convertible Sedan Fisherman in gasoline or diesel inboard power. This new Convertible is arguably the model that put Viking on the map and set the standard for future Viking designs. The market loved it.

viking yachts net worth

This design featured high freeboard forward with considerable bow flare and a flush foredeck, all in aid of running in high offshore sea conditions. The noticeable step-deck design provided a large but safe cockpit with decent access to the water for landing the big ones. The “convertible” part of the model referred to the boat offering both great fishing features and entertaining accommodations with the salon, galley, and staterooms. Most convertible models would offer a bulkhead between the cockpit and salon and a flybridge control station for better fish spotting was a must.

The 33 was dropped within a couple of years and the model lineup stayed pretty much the same in 35, 40, and 43 feet through to 1981 when a 46-foot Convertible Sport Fisher was added. By 1983, the 40 Convertible had become a 41 and the 43 Double Cabin had become a 44. In that year, a 50-foot Cockpit Motor Yacht was a new addition to the fleet. In 1985, the 48 Convertible Sport Fisher brought the model lineup to six distinct models from 35 to 50 feet. 1988 saw the addition of a 55 Motor Yacht and a 57 Convertible Sport Fisher to the lineup.

It was around this time in the late 1980’s that Viking Yachts purchased the highly respected Gulfstar Yachts from which Viking added two 55-foot motor yacht models to its offering. By the early 1990’s, Viking was offering 12 models from 35 to 57 feet, all but two with diesel power. At this time, I had the pleasure of assisting in the water testing one of the new Viking Gulfstar Motor Yachts at the Miami International Boat Show. The experience of running a motor yacht that size and subjecting it to suitable test criteria was most memorable. The boat was phenomenal.

But the early 90's were terrible times, especially for large luxury boatbuilders in the US, as a recession coupled with the Federal Luxury Tax in 1991 put a virtual halt to large boat sales. As the Healey brothers invested their own savings to help keep the business going, they were forced to lay off 95% of their employees and reduce operations to only one remaining facility. Bob Healey gained notoriety by chartering buses to carry laid off boat workers to protest the Luxury Tax on Capital Hill in Washington, D.C.

The tax was a total failure in terms of federal government revenue, and it was devastating to the boating world. The tax was repealed in 1993 and Viking, since it had remained somewhat in business, was able to pick up where it left off. Incredibly, it would surge ahead over the next years to become the world’s largest manufacturer of sportfishing yachts. By the mid-90s, Viking offered 11 models from 38 to 60 feet of mostly Convertible yachts. Their new 60-foot Sport Yacht was awarded “Boat of the Year” by Boating Magazine.

In 1996, Bob and Bill Healey founded the non-profit Recreational Fishing Alliance to promote sustainable fisheries and a healthy marine environment. This same year saw the formation of Viking Cruising Yachts to distribute British made Princess Yachts from 42 to 140 feet. These yachts were built to Viking's North American standards and amenity requirements and were distributed solely through the Viking dealer network in North and Central America, Mexico, and the Caribbean.

The late 1990’s saw the introduction of the 55 Convertible, designed to be “the ultimate mid-range luxury performance sportfisherman.” This was followed the next year with the legendary 65 Convertible which offered unrivaled speed, range, and comfort. It was capable of over 40 mph at full throttle from its optional 1800 horsepower diesel engines.

The turn of the new century saw Viking open a new service facility in Riviera Beach, Florida to cater to Viking owners who spent winters in southern climates. The Healey’s bought back the original Bass River Marina located right next to the Viking Yachts facility and renamed it the Viking Yachting Center . Then in 2003, Viking created Atlantic Marine Electronics (AME) based out of the Viking Yachting Center to create the sophisticated electronics and navigation packages for Viking Yachts and Sport Cruisers.

That same year and operating out of the Riviera Beach facility, Palm Beach Towers was created to design and fabricate the tuna towers and other parts needed for Viking boats, as well as for some additional builders. Bob and Bill Healey were also inducted into the National Marine Manufacturers Association (NMMA) Hall of Fame in 2003 for their contributions to the recreational marine industry.

2004 saw the introduction of Viking’s largest yacht to date -- the 74 Convertible. That was followed in 2005 with the 68 Convertible and the enclosed bridge 74. To keep up with demand, additional facilities were opened at New Gretna and Riviera Beach. New enclosed bridge models were created from most existing models in the lineup with new 52, 54, and 56 model variations being produced.

In 2008, Viking showcased its new series of models designed specifically for the Pacific West Coast market of California and Baja. Spring 2009 saw the introduction of Viking’s new flagship 82 Convertible as well as the new 46 and 57 Convertibles. Pod drives were first introduced in 2010 on the 42 Convertible, while 2011 saw solar roof panels added to the New Gretna facilities to supplement factory electricity requirements. The new setup allowed the company to reduce CO2 emissions by 3,000 tons.

When Viking celebrated its 50th Anniversary in 2014 it introduced its new flagship 92 Convertible -- a design three years in the making and the largest sportfishing convertible yacht in the world to ever utilize resin-infused construction. Also new was Viking’s return to the motor yacht market with the head-turning 75 MY. 2016 saw Viking purchase the former Ocean Yachts facility as well as molds for Ocean’s 37 Billfish.

The following year, Viking introduced its new seven stateroom, three deck, enclosed bridge flagship 93 Motor Yacht, thus announcing that it was no longer simply a sportfishing boat company. In 2019, Viking shocked the industry again with the introduction of its subsidiary company Valhalla Boatworks along with its 33, 37, and 41 Center Consoles. Also introduced were the new 38 and 46 Billfish models.

Now in 2023, Viking offers 28 models -- nine Open Bridge convertible models from 44 to 90 feet, three Billfish models from 38 to 46 feet, three Open models from 44 to 54 feet, seven Enclosed Bridge models from 68 to 90 feet, and six Sport Yachts from 44 to 54 feet. In addition, Valhalla Boatworks offers four models of semi-custom high performance luxury center consoles from 37 to 55 feet.

viking yachts net worth

If you were keeping track of the current Viking offerings as outlined above, the 90 Convertible in Open and Enclosed Bridge models are now the biggest in the lineup. What, you then may ask, happened to the 92 and the 93 Convertible and Motor Yacht models? The answer is that an international mandate to reduce nitrogen-oxide emissions on boats exceeding a load-line length of 78-feet was put in place in 2017 with the deadline later extended to 2023. Since Viking decided there were no selective catalytic reduction systems available on the market at reasonable pricing, it elected to introduce a slightly smaller model in order to comply with the mandate. Thus, the slightly smaller 90 Convertible was born.

viking yachts net worth

57 years after he and brother Bill co-founded Viking Yachts, Bob Healey passed away at the age of 92 in December, 2021. Bill Healey still visits the Viking facility whenever he can and still makes a point of shaking the hand of each employee at the end of each day, a practice he has maintained since day one. A second generation of Healeys now runs both Viking Yachts and the family real estate investments while a third generation, two of Bill’s grandsons, are actively involved and learning the ropes with Valhalla Boatworks.

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Viking Yacht Company Celebrates 60 Years of Boatbuilding

  • By Peter Frederiksen
  • October 31, 2023

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On April 1, 2024, the Viking Yacht Company will celebrate its 60th year in boatbuilding. From humble beginnings on the banks of the Bass River in New Gretna, New Jersey, Viking has become the largest manufacturer of luxury fiberglass sport-fishing yachts in the world, with more than 5,500 boats delivered. Armed with a constant influx of new models that define the company mantra of building a better boat every day, Viking shows no signs of slowing down heading into its seventh decade. But the story of this family-owned and -operated company actually began well before its opening on April 1, 1964.

The Early Days

In 1961, the Healey brothers—Bill, an ironworker at his father’s steel company, and Bob, an attorney with real estate expertise—built a marina on the Bass River. The Healeys soon realized that for the marina to be profitable, it would need to sell boats, marine supplies and equipment, as well as provide repairs and winter storage. The pair struck a deal with Carl Peterson, a cottage-size local builder whose brand was flagged Peterson-Viking. Peterson produced a dozen or so boats per year, and the Healeys were able to sell half or more of the builder’s yearly inventory.

The well-built mahogany-planked Peterson-Viking boats were handsome, seaworthy and compared favorably with the South Jersey competition. Although Carl Peterson was a good builder, his company soon developed financial problems. A bank approached the Healey brothers about buying Peterson-Viking, an idea they liked. The Healeys decided to sell their marina and set up shop constructing boats in a large but unheated building in an undeveloped area behind the marina, where the Viking Yacht Company is today.

The brothers dropped the Peterson name, and the Viking Yacht Company began with Bill the boatbuilder and Bob the money man. Bill may have started out with his father, Patrick, in the steel-erection business, but his genius was soon apparent. He was born to be a boatbuilder, and together with his brother’s financial and legal acumen, the Healeys began their unstoppable quest. Bob knew that his brother would never compromise the quality of the boats, and his philosophy and commitment were obvious to every employee. His service in the United States Marine Corps also helped employees to understand from their first day that it was Bill’s way or the highway.

The first wooden Vikings sported lots of varnish, teak cockpits, and artfully hand-painted hulls. Popular styles in those days featured sedan layouts with flybridges, but Viking’s first real milestone came in 1971 when the first all-fiberglass 33-footer was launched. In fall 1972, the company made its industry mark with the 40 Sedan Convertible, which remained in ­production for 16 years. More than 600 were sold both as the original 40 and an updated 41-foot version. By 1979, the fleet had expanded to include a 35 Convertible and a 43 Double Cabin. A 46 Convertible was added in 1981.

As Viking was gaining attention from its major ­competitors, Bertram and Hatteras, a growing number of customers began to recognize that the well-built and smartly styled Vikings were formidable industry players. The lineup expanded further in 1987 when Viking bought Gulfstar, a St. Petersburg, Florida, yachtbuilder, and its factory. Viking now had established a stable of desirable tournament-ready sport-fishing yachts and a luxurious lineup of motoryachts from 50 to 63 feet.

Rolling With the Punches

A recession reared its ugly head in summer 1990, but it was the federal luxury tax that passed in November of that year that crushed the boating industry. The tax added a 10 percent upcharge to boats and other luxury items that sold above $100,000. On January 1, 1991, the tax went into effect, and the result was the equivalent of running aground at 35 knots. The brain-dead government felt that wealthy folks could afford the added expense, but they figuratively missed the boat in not realizing that the tax also affected the tens of thousands of workers throughout the marine industry. In 1990, Viking sold 90 boats. When the tax went into effect, sales dwindled to 32. A year later, it sold 12 boats, three of which were heading overseas. Both the dealers and Viking were stuck with inventory, so Viking closed the St. Petersburg plant and shipped the molds and other equipment back to New Gretna. Between Florida and New Jersey, Viking had more than 1,500 employees before the luxury tax; just 64 remained by 1993.

Using their personal resources, including their retirement plans, the Healey brothers sold their real estate holdings to keep the doors open and fought with the banks to arrange a workable loan-payment schedule. Bob Healey also took the fight to Washington with busloads of unemployed craftsmen and raised national attention by burning a boat on a barge in Narragansett Bay. The government did not understand that the issue was about the working people and their families who were losing their jobs and homes, not just the wealthy.

On August 10, 1993, President Bill Clinton finally repealed the luxury tax. When Bob Healey told the story about the IRS telling him that the luxury tax cost the government more in unemployment benefits than it took in with the tax, it was further proof that the tax was foolish and ill-conceived. Soundings , a popular boating publication, wrote, “On a national level, no one battled the luxury tax harder than Robert Healey.” When the Healeys were inducted into the National Marine Manufacturers Association Hall of Fame in 2003, many in attendance remembered the grit and dedication that the Healeys provided through those horrible years.

Silver Linings

During those troubled times, an interesting benefit and asset emerged. Bill’s son, Pat Healey , who is now president and CEO, became a full-time employee in 1976 and was working his way up in the sales department. Every week, he’d hit the road to visit Viking dealers. He was after input; he wanted to hear what the customers were saying, and then he would take those ideas back to the team in New Gretna. It was time to shake out the “if you build it, they will come” theory, and building what the customers wanted would revive sales and grow the company in a post-luxury-tax world. Pat sought out dealers who shared his company’s mission. He insisted on total commitment to work through the remaining inventory and to be ready when customers returned to the market.

Viking survived the luxury tax—barely keeping its doors open—but the company continued to innovate and tool up new models. So when the tax was lifted, Viking was well-positioned to leapfrog the competition.

Once the inventory and dealer supply were under control, it was time to start bringing back Viking’s workforce—but not without another glitch: Nearby Atlantic City was eating up all the electrical, mechanical and carpentry labor. So, Bob Healey enhanced the pay program, including profit sharing, and instilled a four-day workweek. New models were coming, and the existing lineup, especially the 50 and 53 Convertibles, were branded with new interiors and other upgrades. There was a powerful energy among the employees, and when Bill stood at the door every night wishing them—each one by their first name—a good evening, smiles were everywhere.

By 1995, the company was about to launch its ­largest convertible: a 72-footer. A 54 Sports Yacht enhanced its motoryacht line, followed by a 58 enclosed-bridge model and a 60-foot Cockpit Sports Yacht that was Boating magazine’s Boat of the Year.

As Bob Healey recognized the importance of healthy fish stocks to keep customers interested in new offshore-­fishing boats, he founded the Recreational Fishing Alliance in 1996. That same year, Viking formed a strategic alliance with Marine Projects, a British ­yachtbuilder of highly regarded motoryachts from 40 to 72 feet. The British-built yachts were ­manufactured to Viking’s specifications for the American market and named Viking Sport Cruisers. It was an ­immediate hit that every Viking dealer embraced to expand the ­company’s footprint.

Meanwhile, Pat had been drilling his father with ideas for a better convertible. With Bill’s go-ahead, what followed was the Viking 55, a convertible loaded with custom features built on a production schedule. It set the standard as the ultimate sport-fishing yacht of the era and established Viking as a worldwide industry leader. Before it debuted at the Fort Lauderdale show in 1997, Viking had already sold 20 boats. The company eventually sold 115 during its five-year run in the tournament spotlight. It was so popular that when the next Viking, the 65 Convertible, was announced in 1998, it also sold 20 boats before the first one launched. The same year, Viking gained more acclaim from Ernst & Young as the New Jersey Manufacturer Entrepreneur of the Year. And in 1999, the beloved 61 appeared on the scene.

Expansion, Renovation and Innovation

In 2000, Bill orchestrated a $10 million plant expansion to improve factory efficiencies because the company was constantly introducing new models. The Healeys were obsessed with offering their owners value, and in February 2002, they opened the Viking Yacht Service Center in Riviera Beach, Florida. In December, they bought back the Bass River Marina and reflagged it as the Viking Yachting Center. Pat saw another opportunity to provide Viking owners with more value when Atlantic Marine Electronics and Palm Beach Towers were created. The subsidiaries enabled Viking to offer turnkey delivery with every new Viking. Since their establishment two decades ago, both have become ­leaders in their respective industries.

In 2004, Viking launched its 74 Convertible, the ­largest boat in its 40-year history. Bill upgraded the plant again by purchasing a $1 million five-axis CNC machine, which carved foam plugs used to produce new molds for hulls, decks, cockpits and other large parts. It shortened the time it would take to build new models, becoming so useful that Viking bought a second five-axis machine to build myriad smaller fiberglass parts. Viking was on a roll, introducing one to three new models every year. At the 2005 Fort Lauderdale International Boat Show, a 68 Convertible and a 74 Enclosed Bridge Convertible were showcased, along with announcements of a 52 Open and a 64 Convertible under construction.

Now in the zone, the ideas kept coming: Viking ­sponsored the Riviera Beach Maritime School in 2006 and displayed the first 68-foot enclosed-bridge model. Bill designed and built a wastewater-treatment plant for the New Gretna facility, triggering an effort to explore alternative-energy options, including the installation of 798 solar panels on the roof of Building 5A to provide power for it and Building 5. In January 2012, Bill’s most ambitious project got underway: a tri-generation power plant using natural gas to power six microturbines. The power plant reduced heat, electrical and cooling costs.

Despite the Great Recession, which began in December 2007, Viking continued to introduce fresh new models, with its largest-ever yacht debuting in 2009: the Viking 82. Several other boats were also introduced, such as the Viking 76. Other milestone yachts would follow, including the 70 Convertible in 2010 and the 66 the following year.

The innovation was nonstop, and Viking’s industry-­leading boat-show displays—with upwards of 16 boats in the water—were dominating. At the 2014 Fort Lauderdale show, the world was wowed again as Viking celebrated its 50th anniversary with the premiere of its game-changing 92 Enclosed Bridge Convertible and the 75 Motor Yacht.

The success of the Florida Service Center had made it so popular that Viking built another yard a few blocks north—Viking International Yacht Center—which also became home to Atlantic Marine Electronics and Palm Beach Towers. Also in celebration of its 50th anniversary, the company held its first Viking Key West Challenge—a family fishing tournament that became a fixture in the Conch Republic.

The following year, the company launched the 80 Convertible. In 2016, Pat Healey announced that Viking had purchased the Ocean Yachts property on the nearby Mullica River to build its smaller models and provide more space for the larger Vikings in New Gretna. The groundbreaking 93 Motor Yacht began construction that summer.

Three new models arrived in 2018, including a 68 and a 44 Convertible in Miami, with a September sneak peek of the new 58 Convertible. No other company has built as many new boats as Viking, but this is a company that simply does not rest on its laurels. For proof, Pat made an announcement at the 2019 VIP event in February that stunned all 800 people in attendance: Viking would introduce three outboard-powered Valhalla Boatworks center-consoles—the V-33, V-37 and V-41—in September, and the Valhallas would be built at the Mullica plant. These 2020 models were joined by two new boats—the 38 Billfish Open and the 46 Billfish—which set a record of sorts at the Fort Lauderdale show with five new-boat introductions.

The momentum continued in 2021 with a new Valhalla 46 and Viking 54 Convertible; followed in 2022 by the Viking 64 Convertible and 54 Open; and at the 2023 Miami International Boat Show, two new flagships—the Viking 90 and Valhalla V-55—made their world premiere.

Bill Healey still visits his company and has always been fond of the Fleetwood Mac song “Don’t Stop,” with the familiar, recurring line: “Don’t stop thinking about tomorrow.” No words better describe the harmony and heartbeat that drives Viking to build a better boat every day. Sixty years later, it never gets old. Viking Yachts is privately owned, vertically integrated, and comprised of three generations, producing 90 percent of ­everything that goes into the vessels in order to ­control and ­maintain quality.

Bob Healey passed away in 2021, with Viking, the boating and fishing community, and the media recognizing his tremendous impact on the marine industry. His son, Bob Healey Jr., has taken the reins from his father as chairman, working with his cousin Pat as Viking charges into the future. The company now includes the third generation of the Healey family. Pat’s children—Sean, Justin and Kaitlyn—are now fully involved with the company in sales and marketing roles, while also representing Viking at boat shows, ­tournaments, and other events.

Read Next: Get to know Viking president and CEO (and passionate billfisherman) Pat Healey in our exclusive interview .

The hundreds of components that make a Viking are derived from the sweat equity of the company’s proud boatbuilders. Pat Healey smiles when he says, “We’re not smarter than our competition; we just work harder,” which is proved by the overwhelming feeling visitors get when touring the company’s 880,000-square-foot factory in New Gretna, where some 1,500 shipwrights produce the Viking product. And no matter where you turn in the Viking dimension, the people you see never stop ­thinking about the boat they will build tomorrow.

  • More: Boat Building , Boats , Nov-Dec 2023 , Viking Yacht Company

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International Edition

5 things to know about North Palm Beach mega-yacht owner, billionaire Michael Bozzuto

viking yachts net worth

Billionaire Michael Bozzuto is fighting for the right to moor his 164-foot mega-yacht behind a waterfront house he owns at 932 Shore Dr. in North Palm Beach.

But the Village of North Palm Beach has told Bozzuto he doesn't have this right.

It's the latest example of how big money landing in Florida is running up against Old Florida residents who want their communities to stay low-key.

After years of disputes over the yacht, Bozzuto recently filed a lawsuit against the municipality, asking a judge to agree that he has the right to the use of his house and his dock.

Who is Michael Bozzuto, and why is he suing the Village of North Palm Beach?

Here are five things to know:

1. Billionaire Michael Bozzuto is a longtime North Palm Beach resident

Bozzuto is the billionaire owner of a privately held, family-owned supermarket wholesaler in Connecticut called Bozzuto's Inc. The company is a distributor of food and household products to retailers in New England, New York, New Jersey and Pennsylvania. Bozzuto's was founded by Michael's late father, Adam.

Even though Bozzuto's Inc. is based in Connecticut, Bozzuto has lived in the Village of North Palm Beach, population 13,000, for 20 years.

2. Besides owning a yacht, what are Michael Bozzuto's hobbies?

In addition to being a businessman, Bozzuto is an investor and philanthropist. He is a longtime supporter of the Special Olympics.

He is also an under-the-radar resident who likes to collect houses and yachts, said his lawyer, former Florida Bar president Gregory Coleman.

Bozzuto bought the motor yacht, Honey, about 10 years ago for an undisclosed sum. The Westport mega-yacht was built in 2007 and is the largest of several yachts Bozzuto owns.

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Bozzuto also owns four houses in the Village of North Palm Beach. This includes the house at 932 Shore Dr., where he wants to dock Honey. In 2014, Bozzuto paid $840,247 for the house, which was built in 1961, according to Palm Beach County property records.

The property is on a rare corner bordered on the north and east by navigable waters that provide access to the Atlantic Ocean via the Lake Worth Inlet. The east-facing dock is large enough to accommodate Honey.

Bozzuto's residence is in another part of North Palm Beach, on Harbour Isles Court.

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3. Michael Bozzuto's net worth isn't known but billionaire owns property outside of North Palm Beach, too

Bozzuto made waves recently when in January he paid $31.1 million for a waterfront house in nearby Palm Beach Shores.

The Singer Island house with two docks stretches into the Intracoastal Waterway just north of the Palm Beach/Lake Worth Inlet. The three-lot parcel on 1.5 acres has about 200 feet of waterfront.

The property was bought from an owner whose family had owned it for decades. It's unclear if Bozzuto will make any changes to the property.

In a brief interview in February, Bozzuto said: “It’s a house, and it will probably be a house."

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4. Why can't Bozzuto park his yacht behind his North Palm Beach house?

The Village of North Palm Beach rules say that a private dock or pier can only be used by the occupant of the house. But the village doesn't define the word "occupant."

Bozzuto's lawsuit said while the village has discussed whether to define an occupant as a resident, it never has done so.

Hundreds of other property owners dock a boat behind their North Palm Beach house but do not live there year-round.

Therefore Bozzuto said he's being singled out because neighbors just don't like his boat's big size. This selective enforcement is wrong, his lawsuit said.

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5. What does North Palm Beach think about the lawsuit?

Unfortunately, this is a mystery until the village responds to Bozzuto's lawsuit in public court records.

The village's longtime lawyer, Lenard Rubin, who knows the municipality's history with boats and houses, did not respond to requests for comment. Neither did the village's manager, Chuck Huff.

Alexandra Clough is a business writer and columnist at  The Palm Beach Post . You can reach her at  [email protected] . Twitter:  @acloughpbp .  Help support our journalism. Subscribe today.

IMAGES

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  2. Why Are Viking Yachts So Expensive? (Explained)

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  3. New Viking Yachts 92 Enclosed Bridge

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  4. New Viking Yachts 72 Convertible Sportfish

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  5. New Viking Yachts 80 Convertible Sportfish

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  6. Viking Yachts 92 Sky Bridge

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COMMENTS

  1. Q&A with Robert Healey, chairman and CEO of Viking Yacht Co

    May 29, 2012. Robert Healey is chairman and CEO of Viking Yacht Co. Healey, 83, along with his brother, William, founded Viking Yacht and Viking Sport Cruisers nearly 50 years ago. After graduating from Camden Catholic High School in Cherry Hill, N.J., Bob Healey attended St. Joseph's College in Philadelphia and then earned a degree from the ...

  2. Passing Of A Legend: Viking's Robert Healey, Sr

    Along with the Viking Yacht Company, the marina complex also includes Breeze's Bar and Grill on the Bass River along with a fuel dock. In 2016, Viking also purchased the Ocean Yacht facility in Egg Harbor City - roughly 9 miles from the New Gretna facility - where Viking Mullica builds the new line of Valhalla Boatworks center consoles ...

  3. Viking Yachts Company Profile: Valuation, Funding & Investors

    How PitchBook sources data. Our data operations team has logged over 3.5 million hours researching, organizing, and integrating the information you need most. Information on valuation, funding, cap tables, investors, and executives for Viking Yachts. Use the PitchBook Platform to explore the full profile.

  4. Remembering Bob Healey of Viking Yachts

    Jeff Moser. Dec 15, 2021. Robert T. Healey Sr, who co-founded Viking Yachts 57 years ago with his brother Bill and helped guide the New Gretna, N.J.-based builder to become the world's largest manufacturer of sportfishing yachts, has died at the age of 92. "My father was a true leader, and his vision will always guide us," said son Robert ...

  5. Interview with Viking Yachts' Pat Healey

    Updated: March 9, 2018. Viking Yacht Co. continues to offer to a diverse lineup of high-quality sport-fishing boats and motoryachts. Courtesy Viking Yacht Co. A second-generation boatbuilder, Pat Healey heads up Viking Yacht Co. as its president and CEO. The company is family owned and operated, with plants spanning some 800,000 square feet on ...

  6. Industry mourns loss of Viking Yachts founder Robert Healey, Sr

    Adam Quandt December 16, 2021. Robert T. Healey Sr., the co-founder of the Viking Yacht Company who helped build the company into an industry leader and led the fight that repealed the Federal Luxury Tax on yachts in the early 1990s, passed away last week at the age of 92. "My father was a true leader, and his vision will always guide us ...

  7. Robert Healey, co-founder of Viking Yachts in New Jersey, dead at 92

    0:37. BASS RIVER - Robert T. Healey Sr., who with his brother turned a struggling New Jersey boat maker into the world's largest manufacturer of sportfishing yachts, has died at the age of 92 ...

  8. Robert Healey, Viking Yachts co-founder, dies at 92

    Published Dec. 27, 2021, 5:11 a.m. ET. New Jersey yacht-building executive Robert T. Healey Sr., 92, who led a successful campaign against a luxury-boat tax in the 1990s that involved setting fire to a vessel in New England's Narraganset Bay to publicize the issue, died Dec. 9. The cause of death was not disclosed.

  9. Viking Yachts History

    The Viking Yacht Company has celebrated over five decades in business building luxury performance sportfishing and cruising yachts. Skip to Navigation. ... Worth over $303,000 in tournament winnings, Viking donated half the prize to the Recreational Fishing Alliance. So far, 77 of this model sold. Expanding the Future 2000-2010:

  10. The passing of a legend

    The passing of a legend - Viking Yachts Co-Founder Robert T. Healey Sr. (1929-2021) Robert T. Healey Sr., the co-founder of the Viking Yacht Company who helped build the company into an industry leader and led the fight that repealed the Federal Luxury Tax on yachts in the early 1990s, passed away last week at the age of 92.

  11. Viking Yachts

    The Mountaintop. The Viking Yacht Company has been building a better boat every day for 60 years. Incredible! Founded by brothers Bill and Bob Healey on April 1, 1964, Viking climbed the marine industry mountain and has been at its peak for decades now, unwilling to relinquish the throne as the industry's best boatbuilder.

  12. The Top 10 Viking Yachts of All-Time

    Viking 46 Open. The last yacht on our list is an example of the company's dominance in creating high performance luxury boats by maintaining exceptional quality, versatility, and value. The 46 Open features yacht club panache and blue water capabilities. It has a 121 sq. ft cockpit and comes with a molded deck for safe footing.

  13. Innovators in Boating

    By the mid-90s, Viking offered 11 models from 38 to 60 feet of mostly Convertible yachts. Their new 60-foot Sport Yacht was awarded "Boat of the Year" by Boating Magazine. In 1996, Bob and Bill Healey founded the non-profit Recreational Fishing Alliance to promote sustainable fisheries and a healthy marine environment.

  14. Viking Yacht Company Celebrates 60 Years of Boatbuilding

    On April 1, 2024, the Viking Yacht Company will celebrate its 60th year in boatbuilding. From humble beginnings on the banks of the Bass River in New Gretna, New Jersey, Viking has become the largest manufacturer of luxury fiberglass sport-fishing yachts in the world, with more than 5,500 boats delivered.

  15. Growing Up Viking

    Healey's love of offshore fishing started when he was a teenager. First Boat. Healey was about 15 when his father gave him a 16-foot Thunderbird, built in the early '60s with fins like the cars of the era. "It was just the skin of a boat, really," Healey says. "The windshield was gone, the seats, too.

  16. Torstein Hagen

    Torstein Hagen. $1.5B. Real Time Net Worth. as of 4/20/24. #2060 in the world today. Photo by Ben Stevens/ZUMA Press/Newscom. About Torstein Hagen. Torstein Hagen started Viking Cruises in 1997 ...

  17. VIKING YACHT Revenue, Growth & Competitor Profile

    33661. 336612 Boat Building. Address. P.o. Box 308. New Gretna, NJ 08224. vikingyachts.com. Note: Revenues for privately held companies are statistical evaluations. Viking Yacht's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. It is classified as operating in the Ship Building & Repairing industry.

  18. The heirs of Viking Yachts take the reins of Valhalla Boatworks

    Jul 6, 2020. Sean (left) and Justin are at the helm of Valhalla Boatworks. Like their father and grandfather, Sean and Justin Healey wanted the chance to perfect the boatbuilding formula—this time with center consoles. While a reference to the Viking afterlife, Valhalla is the name Bill Healey gave his Viking 42 Open.

  19. Carl Allen Invests His Heart—And His Yachts—In Walker's ...

    And his flats boats, tenders, jet skis, and other water toys can turn any anchorage into a virtual ocean playground. Carl Allen's "armada" includes the 164-foot long Westport Gigi, and the 180 ...

  20. Viking Yachts Go Very Big With The Introduction Of Two New ...

    The interior is massive onboard the Viking 90. Viking Yachts. The 90-footer I saw features an enclosed bridge topped by an open sky bridge. Viking also offers the 90 with an enclosed bridge or ...

  21. Why Purchase a Viking Yacht?

    Where are Viking boats made? Viking boats are built in New Gretna and Mullica, New Jersey. Their New Gretna facility features nine modern buildings, state-of-the-art machinery, and the space to build over 30 models from 38-90 feet; producing nearly 100 yachts annually.

  22. CATCH 23 Yacht • Michael Jordan $8M Superyacht

    The Catch 23 is a luxurious motor yacht built by Viking Yachts in 2018. Designed by the same company, the yacht is a beautiful example of high-quality, custom-built sportfishing and cruising yachts. ... their source of wealth, and net worth. More About Info About This Yacht. Info about the yacht's Owner, more Photos and Video, her current ...

  23. Viking Yachts for sale

    Viking is a yacht manufacturer that currently has 483 yachts for sale on YachtWorld, including 111 new vessels and 372 used yachts, listed by experienced boat and yacht brokers mainly in the following countries: United States, Puerto Rico, Dominican Republic, Italy and Mexico. The selection of models featured on YachtWorld spans a spectrum of ...

  24. Jefferies boss sells $65mn in stock to buy a customer's yacht

    Handler's remaining shares in Jefferies are worth more than $800mn. Bloomberg in 2021 estimated his net worth at more than $1bn. Handler started his career at Jefferies 34 years ago as a trader ...

  25. 5 things to know about Florida billionaire yacht owner Michael Bozzuto

    More:Illegal boat slips are popping near Palm Beach Gardens. Residents want regulators to act. 3. Michael Bozzuto's net worth isn't known but billionaire owns property outside of North Palm Beach, too