Who Owns Which Superyacht? (A Complete Guide)

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

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

Short Answer

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

Overview of Superyachts

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

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

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

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

Who are the Owners of Superyachts?

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

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

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

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

The Most Expensive Superyacht in the World

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

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

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

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

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

Notable Superyacht Owners

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

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

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

What Amenities are Included on Superyachts?

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

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

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

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

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

How Much Do Superyachts Cost?

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

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

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

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

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

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

Keeping Superyachts Out of the Public Eye

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

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

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

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

Final Thoughts

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

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

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HIGH POWER III , IMO 1011367

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HIGH POWER III, IMO 1011367

IMO number 1011367
MMSI 319216000
Name of the ship HIGH POWER III
Former names NUMPTIA
NUMPTIA
ROSSI FR 020
Vessel type Yacht
Operating status Active
Flag Cayman Islands
Gross tonnage 1642 tons
Deadweight 250 tons
Length 70 m
Breadth 13 m
Year of build 2011
Builder ROSSI NAVI - VIAREGGIO, ITALY
Classification society LLOYD'S SHIPPING REGISTER
Home port GEORGE TOWN
Owner HIGH POWER III - MURI, SWITZERLAND
Manager HIGH POWER III - MURI, SWITZERLAND
Description HIGH POWER III is a Yacht built in 2011 by ROSSI NAVI - VIAREGGIO, ITALY. Currently sailing under the flag of Cayman Islands. Formerly also known as NUMPTIA, NUMPTIA, ROSSI FR 020. It's gross tonnage is 1642 tons.
Seafarers worked on No sea service records found
Open vacancies on No open vacancies on this ship
Vessel MLC insurance

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The current position of HIGH POWER III is at North East Atlantic Ocean reported 5 mins ago by AIS. The vessel is en route to DE MOTZEN , sailing at a speed of 12.0 knots and expected to arrive there on Sep 3, 16:00 . The vessel HIGH POWER III (IMO 1011367, MMSI 319216000) is a Yacht built in 2011 (13 years old) and currently sailing under the flag of Cayman Islands .

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Position & Voyage Data

Predicted ETA-
Distance / Time-
Course / Speed 
Current draught3.5 m
Navigation Status Under way
Position received
IMO / MMSI1011367 / 319216000
CallsignZGCM6
FlagCayman Islands
Length / Beam70 / 13 m

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Recent port calls, vessel particulars.

IMO number1011367
Vessel NameHIGH POWER III
Ship TypeYacht
FlagCayman Islands
Year of Build2011
Length Overall 70.00
Length BP
Beam 13.20
Draught
Depth
Gross Tonnage1642
Net Tonnage
Deadweight
TEU-
Crude Oil -
Gas )-
Grain )-
Bale )-
Ballast Water )-
Fresh Water )-
Builder
Place of Build
Hull
Material
Engine Builder
Engine Type-
Engine Power
Fuel Type
Service Speed
Propeller
Registered Owner
Address
Website-
Email-
Address
Website-
Email-
ISM Manager-
Address-
Website-
Email-
P&I Club-
Classification Society
 

HIGH POWER III current position and history of port calls are received by AIS. Technical specifications, tonnages and management details are derived from VesselFinder database. The data is for informational purposes only and VesselFinder is not responsible for the accuracy and reliability of HIGH POWER III data.

High Power III

High Power III

70.0 m – 229′ 6″

13.3 m – 43′ 3″

3.40 m – 11′ 15″

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Main engines

7,500 nm (at approximately 12 kn)

Studio Spadolini

Salvagni Architetti

Axis Group Yacht Design

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The yacht echoes timeless elegance from several eras with some deliciously eccentric twists and a unique take on deck spaces. 

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Building a superyacht is a dream : the ultimate opportunity to express one’s views and desires.

The exterior of High Power III, designed by Design Studio Spadolini, is characterized by numerous curved and continuous lines. The blue hull gently slopes down towards the stern on top of which the tiers of the superstructure elegantly lie, reminiscent of the fluid lines and flowing water of the Trevi Fountain. 

<p>Building a superyacht is a<strong> dream</strong>: the ultimate opportunity to express one’s views and desires.</p>

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High Power III

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The 70m luxury motor yacht “High Power III” was refitted by Fassmer in two stages, during the winters of 2013/2014 and 2014/2015.

The extensive and complex refitting activities affected nearly every part of this elegant superyacht. An excellent and high-quality performance, a close and professional cooperation with the owner’s representatives, and an accurately timed working schedule have been key parts of this ambitious refit project.

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Fassmer is a dynamic family-owned shipyard in its fifth generation. The internationally successful company is active in six business areas: Shipbuilding , Boats and Davits , Deck Equipment , Wind Power , Composite Technology and Fassmer Service .

Our clients appreciate the close cooperation with research institutes, innovative in-house design and engineering, modern production facilities and a worldwide service network.

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High Power III

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Specifications

Yard : Rossinavi
Type : Motor yacht
Guests : 12
Crew : 19
Cabins : 6
Length : 70 m / 229′8″
Beam : 13.2 m / 43′4″
Draft : 3.4 m / 11′2″
Year of build : 2011
Classification : Lloyds
Displacement : Full displacement
Type of engine : Diesel
Model : 3516B
Engine power : 3,423 hp
Total power : 6,846 hp
Maximum speed : 19 knots
Cruising speed : 16 knots
Gross tonage : 1642
Hull : Steel
Superstructure : Aluminium
Decking : Teak
Decks : 5
Interior designer : Salvagni Architteti
Exterior designer : Design Studio Spadolini
Propulsion : Twin screw

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HIGH POWER III

  • High Power Iii

Italian-Designed Superyacht Loaded with Charter-Inspired Amenities

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VESSEL SPECIFICATIONS

NAME HIGH POWER III
PREVIOUS NAME NUMPTIA
BEAM 12.3 (40′)
DRAFT 3.2 (10′)
LENGTH 70 (230′)
CRUISING SPEED 15
BUILT 2011 / 2012
REFIT YEAR 2012
MANUFACTURER Rossi Navi
CREW 18
GUESTS 12
STATE ROOMS 6
DESTINATIONS €490,000 / Per Week

TOYS AND TENDERS

2 Yamaha VX Cruiser waverunners Waterskis Wakeboards Grand piano 7.2 meter Colombo Super Indios 24SL tender 7.1 meter Castoldi jet tender NDM rescue tender 2 Sea-Doo Explorer II Seabobs Towed water toys Floating bathing pool (jellyfish proof) Kaleidescape audio/visual system Gym Glass elevator

PRESENTING HIGH POWER III

Motor yacht HIGH POWER III is one of the largest yachts available for hire. Specifically, for Mediterranean yacht charter vacations.

The 70-meter superyacht HIGH POWER III looks sharp. She features a stylish, dignified exterior overall design.  Therefore, she is a beauty on the Cote d’Azur.

Custom-built by the Rossi Navi shipyard, motor yacht HIGH POWER III is an elegant Mediterranean yacht charter vessel, joining the ranks of sophisticated vessels like SEVEN SEAS and TALISMAN C . The Italian-built megayacht boasts a navy blue hull and a powerfully-styled superstructure. The luxurious interior was designed by Salvagni Architetti of Rome, with exterior naval architecture by Axis Group Yacht Design, and an exterior design by Design Studio Spadolini, Florence.

ACCOMMODATIONS

The vessel can accommodate up to 12 guests. Moreover, in 6 suites. She carries a crew of 18 to ensure all charter guests a relaxed, ultraluxurious yacht experience. The full-width master suite owner cabin is situated on the main deck and features a king-sized bed, his and her dressing rooms, and curved marble bath with two rainforest showers. The VIP suite with a super-queen berth is located on the bridge deck while 3 guest cabins with queen-sized beds and 1 guest cabin with twin beds are located below.

ENTERTAINMENT

State-of-the-art Kaleidescape audio/visual equipment provides on-demand entertainment options. In specific, via Sky TV and video-on-demand in all guest cabins. In addition, bathrooms, the main dining room, media lounge, gym, and sundeck.

The yacht has many amenities. For instance, a glass elevator that runs from the lower deck to the Spa deck and a floating bathing pool (jellyfish-proof).  In addition, a Grand piano in the main saloon.

HOW TO BOOK YOUR YACHT CHARTER

In conclusion, book motor yacht HIGH POWER III for your own private luxury yacht charter vacation today. Contact your yacht charter brokers at 1-800 Yacht Charters at 305-720-7245.  Alternatively, complete our online inquiry form at https://1800yachtcharters.com/book-now/ .

We will be in touch with you right away to plan  The Superyacht Experience™ for you!

High Power III is no longer available for charter, but we have many yachts that will be perfect for y0ur charter.  Contact us today! 

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High Power III Specifications

  • Name High Power III
  • Model Custom
  • Flag Cayman Islands
  • Class R.I.N.A.
  • Hull NB FR020
  • Hull Colour Blue
  • Naval Architect Axis Group Yacht Design
  • Exterior Designer Design Studio Spadolini
  • Interior Designer Achille Salvagni
  • Length Overall 70.0m
  • Length at Waterline 60.8m
  • Draft (min) -
  • Draft (max) 3.4m
  • Gross Tonnage 1642
  • Cabins Total 6
  • Hull Configuration Displacement
  • Hull Material Steel
  • Superstructure -
  • Deck Material -
  • Fuel Type Diesel
  • Manufacturer CAT
  • Model 3516B DITA
  • Power 3423 hp / 2525 kW
  • Total Power 3423 hp / 2525 kW
  • Propulsion -
  • Max Speed 18.6 Kn
  • Cruising Speed 16 Kn
  • Fuel Capacity 200000
  • Water Capacity 40000
  • Generator -
  • Stabilizers -
  • Thrusters -
  • Amenities -
  • Yacht Builder Rossinavi View profile
  • Naval Architect Axis Group Yacht Design No profile available
  • Exterior Designer Design Studio Spadolini No profile available
  • Interior Designer Achille Salvagni No profile available

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The 'Bayesian' Yacht Owner Is Missing After a Tornado Sank the Luxury Vessel

T he 184-foot luxury yacht called The Bayesian sank off the coast of Palermo, Italy on Monday, Aug. 19, 2024. Per CNN , six passengers are still missing at the time of writing — the original manifest included 22 people on board.

It's being reported that 15 people were rescued, and one passenger died. One of the missing is Mike Lynch, a tech entrepreneur whose wife's firm, Revcom, technically owns the superyacht. Mike has a very interesting past, which involves one of the biggest fraud cases in Silicon Valley history.

Read on for details.

So, who is Mike Lynch, the 'Bayesian' yacht owner who is missing?

According to The Washington Post , Mike is not accounted for after The Bayesian sank near Sicily in what's being called a "freak storm." Reportedly, the yacht's mast broke due to high winds, and the huge vessel sank.

The unthinkable accident resulted in Mike's 18-year-old daughter Hannah also being missing.

His wife, Angela Bacares, was reportedly rescued.

Per the outlet, Mike has been referred to as "Britain’s version of Bill Gates ." His company, Autonomy, sold to Hewlett-Packard for $11 billion over a decade ago.

But as AP News reports, that mega-deal soured when Mike was accused of falsifying documents leading up to the sale of Autonomy. A multi-year court case ensued, with Mike eventually being cleared of charges in the United States. Still, per the outlet, he was not done dealing with a civil case in his native Britain at the time of the yacht accident.

Mike Lynch's co-defendant was killed the same week the 'Bayesian' sank.

In a turn of events worthy of a movie, Mike's co-defendant in the case against him died on Saturday, just a few days before The Bayesian plummeted to 160 feet below the surface of the sea.

Stephen Chamberlain, who was killed by a car while jogging in England, was the former vice-president of finance for Autonomy, per The Guardian . He was initially placed on life support but later died.

Given the incredibly coincidental nature of the two awful tragedies, of course, conspiracy theories are cropping up on social media.

Adding fuel to the fire is the fact that Christopher Morvillo, the lawyer who helped clear the men of charges in the U.S., is among those missing after The Bayesian sank, per the New York Post .

Two months before going missing, Christopher oddly posted to LinkedIn for the first time .

"Following the jury's swift exoneration of our client, Mike Lynch, and his colleague, Steven Chamberlain, last week in San Francisco, I finally have something to say that I would like others to hear," he wrote in part.

After thanking many people who helped win the case, he finished the post by writing, "A huge thank you to my patient and incredible wife, Neda Morvillo, and my two strong, brilliant, and beautiful daughters, Sabrina Morvillo and Sophia Morvillo. None of this would have been possible without your love and support. I am so glad to be home. And they all lived happily ever after…."

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The 5 tragic minutes that sank a superyacht

PORTICELLO, Italy — Survivors of a storm that sank a superyacht off Sicily recounted their ordeal to one of the doctors who rushed to their aid, with some saying it took mere minutes for the 180-foot ship to go down. 

Dr. Fabio Genco, head of the Palermo Emergency Medical Services, told NBC News on the phone Thursday that he arrived in the seaside village of Porticello before dawn Monday, about an hour after the $40 million Bayesian sank in the violent and sudden storm.   

Of the 22 people onboard, 15 survived despite storm conditions and darkness, climbing onto a lifeboat before being rescued by a nearby sailboat. The crew members have made no public statements so far, though some have been interviewed by investigators.

“They told me that it was all dark, that the yacht hoisted itself up and then went down,” Genco said, recounting what the survivors told him. “All the objects were falling on them. That’s why I immediately made sure, by asking them questions, if they had any internal injuries,” he said. 

It appears they had just minutes to abandon the sinking ship, Genco said. 

Divers Retrieve Bodies From Tech Tycoon Mike Lynch Yacht Sunk Off Sicily

“They told me that suddenly they found themselves catapulted into the water without even understanding how they had got there,” he said, “And that the whole thing seems to have lasted from 3 to 5 minutes.”

Giovanni Costantino, CEO of The Italian Sea Group, which owns Perini Navi, the Bayesian's shipbuilder, told Sky News that there were no flaws with the design or construction of the yacht. He said their structure and keel made boats like that “unsinkable bodies.”

In an interview with the Italian newspaper Corriere della Sera, he disavowed responsibility, blaming instead the actions of the crew. “Mistakes were made,” he said. 

Genco said one of his colleagues who arrived at the scene before him initially thought that only three people survived, but the coast guard reported there were other survivors and more emergency services were called in. 

When Genco arrived, he found scenes of panic and despair. 

“Unfortunately, we are used to such panic scenes because we are used to the shipwrecks that happen on Lampedusa ,” Genco said, referring to the island southwest of Sicily, where the wreckage of boats carrying migrants on the sea journey from North Africa to Italy are often found . 

Six of the passengers were declared missing Monday, and by Thursday, the bodies of five had been recovered from the wreck , some 160 feet underwater.

Among those who survived is Angela Bacares, wife of the British tech mogul Mike Lynch , whose body was recovered Thursday. 

Divers searching for six missing people following the sinking of a superyacht off Sicily in a storm have found fifth bodies.

Another survivor has been identified as Charlotte Emsley, 35. She told the Italian news agency ANSA that she had momentarily lost hold of her year-old daughter, Sofia, in the water but managed to retrieve her and hold her over the waves until a lifeboat inflated and they were pulled into safety.

Dr. Domenico Cipolla at the Di Cristina Children’s Hospital in Palermo is also part of a team of medical professionals treating the shipwreck survivors. He told the BBC on Wednesday that Emsley and her daughter, as well as the father of the child, who Cipolla said also survived, are continuing to receive psychological help. 

“Psychological support was constant and is constant even today, because basically it is the wounds of the soul that are the most in need of healing in these cases,” Cipolla said.

Genco also told NBC News that he was especially concerned about the child. “She did not understand anything. She was soaking wet and cold,” he said. 

Karsten Borner, the Dutch captain of the Sir Robert Baden Powell, a yacht that was anchored near the Bayesian, said by phone Wednesday that he saw a thunderstorm come in at around 4 a.m. local time (10 p.m. ET) Monday, followed by what looked like a waterspout, a type of tornado that forms over water. 

The International Centre for Waterspout Research noted on X that there was a “waterspout outbreak” off Italy on Monday, the day the Bayesian sank. 

All the men missing after a luxury yacht sank off Sicily -- who included UK tech tycoon Mike Lynch -- have been found, a coastguard official told.

“I turned on the engine and made maneuvers so that we wouldn’t collide with the Bayesian, which was anchored about 100 meters from us,” Borner said. “Then all of a sudden it disappeared. Then the wind calmed down, we looked around and saw a red flare.”

Borner said he got into his boat’s tender and saw a life raft with 15 people on it. Members of the crew were administering first aid. 

“I don’t know why it sank so quickly, but it may have something to do with the mast which was incredibly long,” he said. Questions have been raised about whether the mast was to blame for the accident as tall masts, even with the sails down, have more surface area exposed to the wind, which can contribute to tipping a vessel in a storm.

The CCTV footage that emerged Tuesday showed the yacht’s 250-foot mast, believed to be one of the tallest aluminum sailing masts in the world, lashed by the storm as it appears to tilt to one side before disappearing.

Claudia Rizzo is an Italy based journalist.

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

yacht high power 3 owner

Yuliya Talmazan is a reporter for NBC News Digital, based in London.

What is known about the sinking of a luxury yacht off the coast of Sicily and those aboard

Emergency services at the scene of the search for a missing boat, in Porticello, southern Italy, on Aug. 20.

PORTICELLO, Sicily — Specialist cave divers working in 12-minute underwater shifts were searching Tuesday for six missing passengers and crew, including British tech tycoon Mike Lynch, believed to be in the submerged wreck of a luxury yacht that was slammed by a powerful storm and swiftly sank off Sicily.

The sleek yacht, named the Bayesian, was carrying a crew of 10 people and 12 passengers when it suddenly sank near the Mediterranean island that is part of Italy at about 4 a.m. on Monday. One body has been recovered and 15 people survived.

Fire rescue officials have said the six believed to remain in the sailboat's hull will be considered missing until they are located in the wreckage.

Here's what we know so far about the sinking and those who were on board.

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What happened?

Italian civil protection officials believe a sudden and fierce storm that battered the coast of Sicily in the early hours of Monday whipped up a waterspout in the exact spot where the 56-meter (184-foot) British-flagged Bayesian was moored.

Karsten Borner, the captain of another yacht moored nearby, said he saw the Bayesian during the storm but when the wild weather passed it was gone and he saw only a red flare lighting the night sky, the Italian news agency ANSA and the Giornale di Sicilia newspaper reported.

Borner and one of his crew boarded their tender and found a lifeboat carrying 15 people, some of them injured. They took them aboard their yacht and alerted the coast guard.

Rescue authorities said the wreck was resting at a depth of 50 meters (163 feet) about a half mile offshore of the picturesque fishing village of Porticello.

Who was on board?

British tech magnate Mike Lynch walks into federal court in San Francisco on March 26.

Among the missing is 59-year-old tech tycoon Mike Lynch, sometimes described as the British Bill Gates. Lynch was acquitted in June of all charges in a US fraud trial linked to the $11 billion sale of his software company Autonomy to Hewlett-Packard in 2011.

Lynch still faced a potentially huge bill stemming from a civil case in London that HP mostly won during 2022. Damages haven’t been determined in that case, but HP is seeking $4 billion. Lynch made more than $800 million from the Autonomy sale.

A Cambridge-educated mathematician, Lynch made his name running Autonomy, which made a search engine that could pore through emails and other internal business documents to help companies find vital information more quickly.

Lynch’s 18-year-old daughter Hannah was reportedly among the missing. His wife, Angela Bacares, and 14 other people survived.

Among others still missing Tuesday, according to the civil protection agency, were one of Lynch’s US lawyers, Christopher Morvillo of Clifford Chance, and Morvillo’s wife, Neda. Morvillo was regarded as an elite defense lawyer and was also a federal prosecutor in New York after 9/11.

Also missing was Jonathan Bloomer, the non-executive chairman of Morgan Stanley International, and his wife, Judy. He is the former head of the Autonomy audit committee and testified for the defense at Lynch’s trial.

Bloomer was also chair of the Hiscox Group, an insurer that does business on the Lloyd’s of London market.

“We are deeply shocked and saddened by this tragic event,” Hiscox CEO Aki Hussain said in a statement.

Among the survivors was Charlotte Golunski, who said she momentarily lost hold of her 1-year-old daughter Sofia in the water, but then managed to grab her and hold her up over the waves until a lifeboat inflated and they were both pulled to safety, ANSA reported. The father, identified by ANSA as James Emslie, also survived.

The Dutch foreign ministry said a Dutch man survived. The ministry, citing privacy, did not release his identity.

One body was recovered on Monday, identified as the on-board chef.

What is the Bayesian?

The Bayesian was a luxury yacht built in 2008 by the Italian firm Perini Nav. It was known for its single 75-meter (246-feet) aluminum mast — one of the world’s tallest. Online charter sites listed it for rent for up to 195,000 euros (about $215,000) a week.

Its registered owner is listed as Revtom Ltd., based on the Isle of Man, according to online maritime database Equasis. Lynch’s wife is listed as Revtom’s sole owner, according to corporate registration documents from the Isle of Man.

The yacht's name is an apparent reference to “Bayesian inference,” one of the two main approaches to statistical machine learning and the one that was used by Autonomy.

What is a waterspout?

Waterspouts are tornadoes that form over water and can happen when a storm moves across warm water.

According to the US National Ocean Service, there are two types of waterspouts — fair-weather and tornadic.

Tornadic waterspouts “have the same characteristics as a land tornado. They are associated with severe thunderstorms, and are often accompanied by high winds and seas, large hail, and frequent dangerous lightning,” the service says on its website.

While scientists haven't attributed the specific event to climate change, average monthly surface temperatures have been at record highs for months. Hotter air can hold more moisture, making heavier storms more likely.

Sicily has been baking under intense heat this summer, and the United Nations’ panel of climate change experts notes the Mediterranean Sea is particularly vulnerable to climate change, with warming rates roughly 20 percent higher than the global average.

The map above shows where a superyacht sunk off the coast of Sicily on Aug. 19.

How rare is it for a huge sailboat like this to capsize?

Experts say it is extraordinarily rare for a luxury sailboat of this size to capsize due to weather events.

“This just doesn’t happen. You know, boats sink because things like keels fall off, or they run aground and breach the hull ... whereas just from a weather angle, a boat that big being pushed over on its side is absolutely extraordinary,” said Skip Novak, a lifelong sailor who has taken part in multiple round the world yacht races and written books about sailing.

Novak said he believed that strong gusts likely pushed the yacht over 90 degrees to its side, and the vessel did not recover because of the weight of the huge mast and because it was anchored. He suggested that internal doors were likely not closed, and water quickly poured in to sink the vessel.

“When you’re at anchor, even if it’s blowing with a storm in the Mediterranean, you rarely shut the whole boat down because nobody expects something like this to happen," Novak told The Associated Press. “So if the boat wasn’t completely watertight at the deck, you’d have flooding going in. It would take a couple minutes and that would be it."

What happens next?

As the search for the missing continues, authorities already have begun trying to piece together exactly what happened.

Prosecutors from the Sicilian town of Termini Imerese have opened an investigation, as is normal in such events even when no suspects are identified. To date, they have not commented publicly.

The British Marine Accident Investigation Branch said four of its inspectors were being deployed to Palermo.

Corder reported from The Hague, Netherlands. Associated Press writer Sylvia Hui in London contributed to this report.

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HIGH POWER III Interior & Exterior Photos

70m  /  229'8 | rossinavi | 2011 / 2020.

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High Power III photo 1

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Bayesian superyacht party was a celebration of Mike Lynch’s U.S. lawsuit victory against HP when waterspout storm struck

Mike Lynch, former chief executive officer of Autonomy Corp., arrives at federal court in San Francisco, California, US, on Monday, March 18, 2024. Lynch is charged with 14 counts of wire fraud, one count of securities fraud and one count of conspiracy to commit wire fraud. Photographer: Loren Elliott/Bloomberg via Getty Images

Mike Lynch, the British tech tycoon  missing after his luxury yacht  sank off the coast of Sicily, had only recently fended off a US criminal fraud case over the sale of his software company to Hewlett Packard Co.

Lynch, 59, and his wife were aboard the yacht, named Bayesian after a British mathematician, with a small group of his financial and legal advisers when the violent storm hit. They were celebrating Lynch’s tumultuous acquittal just over two months earlier, when a San Francisco jury found him not guilty of charges that he duped HP into overpaying for his software firm, Autonomy Corp. 

Hailed at times as “Britain’s Bill Gates,” Lynch has been seeking to restore his reputation as one of Europe’s most successful entrepreneurs. For years, he’d argued that he had been scapegoated over the acquisition. HP paid $11 billion for Autonomy in 2011, only to write down $8.8 billion of the purchase price a year later.

But even after his acquittal on criminal charges, Lynch was  still fighting  the Silicon Valley giant in a civil case in London, where a British judge held him responsible for creating the illusion of a company much larger and more successful than it really was. 

Autonomy’s success — its software could extract useful information from unstructured sources including phone calls, emails and video — made Lynch one of the best-known British technology executives. He was named Entrepreneur of the Year by the Confederation of British Industry in 1999. In 2000, Time magazine named him one of the 25 most influential technology leaders in Europe. 

Advised Prime Ministers

He was awarded an Order of the British Empire for services to enterprise in 2006. The same year, he was appointed as non-executive director to the board of the British Broadcasting Corp., the world’s biggest public broadcaster. He advised two British prime ministers, David Cameron and Theresa May. 

Lynch made at least $500 million from the HP deal. He then set up venture capital firm Invoke Capital, founding a series of tech companies run by former employees. The most successful was Darktrace Plc, a cybersecurity business that uses AI to detect suspicious activity in a company’s IT network. Forbes magazine  estimated  his net worth to be $1 billion in 2015, the sole year he was named to its list of global billionaires. 

HP, along with US prosecutors, alleged that Lynch and Autonomy’s former finance chief used accounting tricks to inflate the company’s revenue ahead of the 2011 sale.

The San Francisco trial placed huge pressures on the tech founder, who was forced to wear an ankle monitor and confined to 24-hour supervision by private security guards he had to pay for. On the stand, Lynch claimed ignorance of some of the wrongdoing attributed to him, saying he delegated key decisions to underlings.

Autonomy “wasn’t perfect,” Lynch testified at the trial. “The reality of life is that it’s nuanced and it’s messy and sometimes you do your best to get through it. And companies are just like that.” When the verdict came, following two days of deliberations, Lynch hugged his lawyer and wiped his eyes.

HP’s acquisition of the company was initially seen as a validation of UK technology and the Cambridge “Silicon Fen” tech cluster where Autonomy was based. But in 2012, HP  publicly accused  Autonomy and its executives of accounting failures. The lawsuit followed. Lynch chose to fight the civil trial with HP in London before facing a US jury in the hope that a ruling on home soil would help his case. 

In 20 days of testimony in the UK civil case, he served up a litany of anecdotes aiming to illustrate that HP was riven with executive turmoil and infighting as the company replaced its chief executive officer and pivoted on strategy shortly after the disastrous Autonomy deal.

He largely succeeded. Documents showed HP executives turning on each other — with HP CEO Meg Whitman, the onetime candidate for governor of California and current US ambassador to Kenya, saying she’d be prepared to throw her predecessor Leo Apotheker “under the bus in a tit for tat.” Taking over just as HP closed the Autonomy deal, Whitman sought to focus the firm back on its core PC unit to better manage the sprawling business.

But after one of the longest and most expensive trials in British history, Judge Robert Hildyard ruled in 2022 that Lynch and Autonomy had fraudulently boosted the value of the company. “One of the tragedies of the case is clear: an innovative and ground-breaking product, its architect and the company will probably always be associated with fraud,” the judge said in the ruling.

Damages Pending

The judge was still to decide the damages Lynch would have to pay. HP was seeking $4 billion from him and his finance chief, but the judge had cautioned that it was likely to get substantially less than that.

Those looming penalties from the civil suit did not dent Lynch’s ambitions once he was released from house arrest in the US.

“I am looking forward to returning to the UK and getting back to what I love most: my family and innovating in my field,” Lynch said in a statement after the California jury cleared him of criminal wrongdoing.

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French prosecutors charge Telegram founder Pavel Durov with ‘complicity’ in illegal acts and set 5-million-euro bail

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