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☆ The largest yachts owned by tech billionaires, from Mark Zuckerberg to Jeff Bezos
▼ + stars: | 2024-05-05 | by ( Madeline Berg | Grace Kay | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. A few years after he and his wife divorced, Jeff Bezos shelled out on a megayacht. Earlier this year, just before his 40th birthday, Mark Zuckerberg became the rumored owner of a yacht originally built for a Russian oligarch. While many tech billionaires have bought yachts, the richest of the rich, like Bezos, Zuckerberg, and Oracle cofounder Larry Ellison, have gone bigger. AdvertisementHere are the largest yachts owned by tech billionaires, listed in order of length.

Persons: —, Joe, Jeff Bezos, Bezos, Lauren Sanchez, Mark Zuckerberg, Superyachts, Giovanna Vitelli, superyachts, Zuckerberg, Larry Ellison, Evan Spiegel Organizations: Service, Business, Oracle Locations: Russian

☆ The unwritten rules of superyachting
▼ + stars: | 2024-04-02 | by ( Madeline Berg | ) www.businessinsider.com time to read: +7 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That means that, aside from basic safety guidelines, most of the rules of superyachting are unwritten. Superyachts are expensive to build and expensive to maintain. For a $100 million yacht, that's at least $10 million yearly going to crew, regular maintenance, insurance, fuel, and dockage. So, the most important unspoken rule of superyachting is actually that the only thing better than owning a superyacht is knowing someone else who does.

Persons: —, centimillionaires, they're, Rich, Fraser, he's, Jeff Bezos Organizations: Service, Business, SuperYacht, Palm, Breed Media, Fraser Yachts Locations: superyachts, Aiden

☆ Billionaires' superyachts are bigger, better, and have more on board than ever
▼ + stars: | 2024-03-29 | by ( Madeline Berg | ) www.businessinsider.com time to read: +9 min

And if you don't have someone on board who can whip up a Michelin-star-worthy meal, you might as well stay on land. AdvertisementThe massage room aboard the Talisman C, a $60 million superyacht for sale at the Palm Beach show. The total value of the 203 superyachts over 30 meters delivered last year was $6.4 billion, according to data from SuperYacht Times. Pampering options, be it a massage room, manicure station, or a professional-grade facial machine, are a dime a dozen. Courtesy of Breed MediaAnd what good is a massage room if no one on board can give one?

Persons: —, Ralph Dazert, Burgess, Anders Kurtén, Kurtén, Nero superyacht, Giovanna Vitelli, Champagne, Benetti's, Donald Trump, Trump, Vitelli, they're, It's, Jeff Bezos, Dazert, everything's, Nero, Jeffrey Beneville, Lana, Bill Gates Organizations: Service, Michelin, SuperYacht Times, Palm, Yachts, —, Monaco Yacht Locations: Russian, superyachting

Amundi signed a 10-year distribution accord in 2017 when it bought UniCredit's Pioneer Investments for 3.6 billion euros. Credit Agricole CEO Philippe Brassac told reporters this month it was no secret UniCredit was looking at ways "to optimise" the accord with Amundi. Orcel, sources have said, is unhappy with the amount of Amundi funds the accord binds UniCredit to place with customers. UniCredit had 134 billion euros in AUM from fund and portfolio management as of Sept. 30. If their relationship ended after 2027, it would still take UniCredit time to replace Amundi funds with other products.

Persons: Sarah Meyssonnier, Amundi, Andrea Orcel, UniCredit, Philippe Brassac, Brassac, Orcel, Azimut, Valentina Za, Mathieu Rosemain, Silvia Aloisi, Alexander Smith Organizations: REUTERS, Reuters, Investments, Agricole, Credit, Amundi, Thomson Locations: Paris, France, MILAN, Italy, Italian, Milan

☆ UniCredit 'rebalancing' Amundi relationship in fee income drive
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

It's rebalancing a little bit, and will rebalance going forward," UniCredit CEO Andrea Orcel told analysts when presenting the bank's third quarter results. Sources told Reuters in May that UniCredit had been trimming the proportion of Amundi funds in its total AUM, paying penalties for failing to meet contractual minimums. Orcel said UniCredit will maintain its current "open architecture" approach to asset management, which involves partnering with all major players, including Amundi, to offer "best in class" products. Since taking over at UniCredit in 2021, the former investment banker, has been working to boost revenue from asset management in an effort to increase net fee income as a proportion of UniCredit's overall revenue. As he sought to review the 10-year Amundi distribution deal, Orcel signed an agreement with Azimut (AZMT.MI) in late 2022 giving the Italian asset manager access to UniCredit's clients.

Persons: Dado Ruvic, UniCredit, Amundi, It's, Andrea Orcel, Orcel, Valentina Za, Alexander Smith Organizations: REUTERS, Reuters, BlackRock, Thomson Locations: UniCredit, Italian

☆ Inflation will always be 'very well contained' in China, analyst says
▼ + stars: | 2023-08-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation will always be 'very well contained' in China, analyst saysNicolo Bocchin of Azimut Group discusses China's slowing economy and says "you shouldn't be as scared by what you read on the media."

Persons: Nicolo Bocchin Organizations: Azimut Locations: China

☆ Azimut to start marketing funds to UniCredit clients in Q1
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +1 min

July 27 (Reuters) - Italian asset manager Azimut (AZMT.MI) said its partnership with UniCredit (CRDI.MI) was on track and would start contributing to net profit from early next year, when it begins marketing products built for the bank's clients across its branches. UniCredit, which sold its asset management operations in 2017 to boost capital, has turned to Azimut as it works to grow its fee income by bringing back in house parts of the business. "We have entered into stage two of the ... strategic partnership with UniCredit," CEO and CFO Alessandro Zambotti said in a statement, as Azimut posted a 15% yearly rise in first-half net profit. Under the deal unveiled in December, Azimut will set up in Ireland an asset management business tailored to UniCredit clients' needs which the bank has an option to acquire for a token price within five years. Azimut has said it expects to reap a 0.5% profit margin on the sales of new products to UniCredit clients.

Persons: Azimut, UniCredit, Alessandro Zambotti, Andrea Orcel, Pietro Giuliani, Enrico Sciacovelli, Valentina Za Organizations: UniCredit, Wednesday, Thomson Locations: Italian, Ireland

☆ Italian asset manager Azimut targeted by BlackCat hackers
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

MILAN, July 24 (Reuters) - Italian asset manager Azimut (AZMT.MI) said on Monday it had suffered a cyberattack that did not harm its customers' sensitive data, and had received a ransom request which it rebuffed. Israeli hacking monitoring start-up DarkFeedsaid the attack was carried out by BlackCat, the same ransomware group which in September stole large amounts of data from state-owned Italian energy services firm GSE. Tel Aviv-based DarkFeed said on its website that Azimut had been hit on July 21, listing it as one of BlackCat's 477 victims. BlackCat, also known as ALPHV, emerged in late 2021 and is known for having launched sophisticated attacks on scores of companies across the U.S. and Europe. Reporting by Elvira Pollina and Valentina Za, editing by Gavin JonesOur Standards: The Thomson Reuters Trust Principles.

Persons: Azimut, BlackCat, DarkFeed, Elvira Pollina, Valentina Za, Gavin Jones Organizations: MILAN, Thomson Locations: Italian, Tel Aviv, Europe, Italy

☆ I'm a former Navy SEAL who protects rich people on vacation. I've taken them everywhere from French Polynesia to Mt. Everest.
▼ + stars: | 2023-06-05 | by ( Claire Turrell | ) www.businessinsider.com time to read: +6 min

I used to move US Special Forces troops around Iraq and Afghanistan. As a Navy SEAL, I was awarded a Bronze Star Medal in Iraq and a Bronze Star with V for Valor in Afghanistan. While our services are expensive, we can make our clients' travel insurance cheaper. We protect the family, but we can also protect the yacht's contents — some of our client's yachts have multi-million-dollar art collections on board. If we have a guest who has never skydived before, we'll hook them up with a Special Forces instructor.

Persons: Servius, —, They've, — we've, We've, we'll, we're, he's Organizations: Navy SEAL, Special Forces, Service, Valor, Monaco, Navy, Rangers, Marines, Everest Base, ex, extractions Locations: Iraq, Afghanistan, Polynesia, Ivory Coast, Mozambique, South Africa, Miami, South America

These kind of megadeals are at the vanguard of billions of dollars of annual spending on classic cars globally in a wave of investment in this alternative asset. "The track record of the past 30 years tells us classic cars have become a financial asset class we want our clients to have in their portfolios." [1/5] A general view of the classic car collection of Florian Zimmermann, owner of over 300 classic cars, in a warehouse in Lindau, Germany, April 5, 2023. "Electrification will favour classic cars," said Cristiano Bolzoni, head of Maserati's vintage car unit Maserati Classiche. "The classic car community has changed tremendously over the past five to 10 years," Zimmermann said.

The sources said one possibility that has been considered would see Amundi (AMUN.PA) spinning off its Italian operations into a separate company, in which UniCredit (CRDI.MI) could buy a stake. Azimut had 83 billion euros of assets under management (AUMs) at the end of February. Amundi, which is 69% owned by Credit Agricole, ranks third in Italy with 214 billion euros of AUMs as of end-February. UniCredit had 194 billion euros of AUMs at group level in December. "Extracting further value from partnerships on asset management, protection and payments remains another focus," they added.

☆ Ronaldo, Georgina şi cei patru copii au închiriat o proprietate exclusivistă unde plătesc 12.000 euro pe noapte
▼ + stars: | 2021-07-07 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: InstagramRonaldo, Georgina şi cei patru copii au închiriat o proprietate exclusivistă unde plătesc 12.000 euro pe noapteRămâne Cristiano Ronaldo sau nu la Juventus? Pozele din Baleare au fost împărtăşite de Georgina pe contul său de Instagram, unde are 25,6 milioane de urmăritori. Alături de Gorgina şi cei patru copii, Ronaldo se relaxează pe noul său yaht, evaluat la şase milioane de euro. Azimut Grande 27 este fabricat din fibră de carbon şi a fost achiziţionat acum un an. Ronaldo, de exemplu, plăteşte 12.000 euro pe noapte, conform celor de la AS.com.

Persons: Ronaldo, Cristiano Ronaldo, Cristiano, Englezii Kane, Juve, îşi Organizations: Juventus ?, Juventus Locations: Insulele Baleare, Manresa, Pollenca, Baleare, Portugalia, Belgia, Italia

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