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☆ Eric Schmidt was supposed to buy a yacht once owned by a Russian oligarch. Here's the one he bought instead.
▼ + stars: | 2024-05-07 | by ( Madeline Berg | ) www.businessinsider.com time to read: +3 min

Eric Schmidt backed out of buying the Alfa Nero megayacht last year. The ship — one of the biggest yachts owned by a tech billionaire —was listed for about $161 million. AdvertisementLast year, Eric Schmidt made waves in the yachting community when news came out that he was the soon-to-be owner of the Alfa Nero, an 81-meter megayacht that belonged to a sanctioned Russian oligarch. But as the sale proceedings went on, legal challenges piled up as people laid claim to Alfa Nero, and Schmidt backed out of the deal. In September 2023, just three months after he won the Alfa Nero auction, the billionaire purchased Kismet, renaming her Whisper, Business Insider has learned.

Persons: Eric Schmidt, Alfa Nero megayacht, Shahid Khan, —, Alfa Nero, Schmidt, Marcus Brandt, Shahid Khan — Organizations: Alfa, Service, Google, Bloomberg, Getty, Jacksonville Locations: Russian, Antigua, Barbuda, Russia, Ukraine, Caribbean

☆ India’s economy and Modi, Ambani, Adani: The three men shaping the next economic superpower
▼ + stars: | 2024-05-07 | by ( Diksha Madhok | ) edition.cnn.com time to read: +13 min

Fellow billionaire Gautam Adani, founder of the Adani group, was also invited. Reliance Industries and the Adani Group are sprawling conglomerates worth over $200 billion each, with established businesses in sectors ranging from fossil fuels and clean energy to media and technology. As a result, these three men — Modi, Ambani and Adani — are playing a fundamental role in shaping the economic superpower India will become in the coming decades. Both Adani and Ambani have become key allies as the country embarks on this revolution. “India cannot grow rich before it becomes old on the back of a few big firms like Adani or Ambani,” he said.

Persons: Mukesh Ambani, Mark Zuckerberg, Bill Gates, Ivanka Trump, popstar Rihanna, David Blaine, Ambani, Gautam Adani, Jeff Bezos, ”, Rohit Lamba, Narendra Modi, — Modi, Adani, Noemi Cassanelli, ’, John D Rockefeller, Vanderbilt, James Crabtree, Modi, Guido Cozzi, Cozzi, Ambani’s, Dhirubhai, helms, Cantor Fitzgerald, Cantor, ’ Ambani, Amit Dave, Hindenburg’s, ferociously, ” Cantor, Modi’s, Prasanna Tantri, Crabtree, Lamba Organizations: New, New Delhi CNN —, Reliance Industries, Pennsylvania State University, Investors, Adani, CNN, Adani Realty, Frick, Astor, Carnegie, Samsung, Hyundai, World Bank . Coal, University of St, Adani Group, Reliance, Reliance Industry, Adani Enterprises, AEL “, Tata Group, Modi, India’s, Hindenburg, GQG Partners, Indian School of Business Locations: New Delhi, Gujarat, Davos, Coachella, Silicon Valley, India, China, Mumbai, Antilia, America, Asia, Britain, South Korea, Worth, United Kingdom, University of St Gallen, Switzerland, American

☆ A $20m mansion home was built on top of a 400ft skyscraper. The tycoon owner may never get to live in it.
▼ + stars: | 2024-03-23 | by ( Cameron Manley | ) www.businessinsider.com time to read: +4 min

A $20-million sky mansion sits on top of a 33-story luxury apartment complex in India. The spectacular home was designed for businessman Vijay Mallya. AdvertisementVijay Mallya might never get to live in the mansionThere's a real possibility that Mallya won't ever get to live in the sky mansion. Indian businessman Vijay Mallya arrives at the Royal Courts of Justice in London, February 2020. On the list were defense dealer Sanjay Bhandari, diamond trader Nirav Modi, and Vijay Mallya.

Persons: Vijay Mallya, Mallya, —, Vijay, instagram Irfan Razac, superrich, Ambani, Ashwin, Tom Tugendhat, Sanjay Bhandari, Nirav Modi Organizations: Service, Prestige Estates, Business, Kingfisher, Financial Times, Royal, of Justice, Reuters, of State Security, Press Trust of, The, India's Central Bureau of Investigation, National Investigation Agency Locations: India, Bengaluru, Mumbai, London, Reuters India, Japan, Canada, New Zealand, Norway, British, Press Trust of India, The Times

☆ US, Germany and EU embassies begin evacuating staff as violence spirals in gang-plagued Haiti
▼ + stars: | 2024-03-10 | by ( Caitlin Stephen Hu | Helen Regan | ) edition.cnn.com time to read: +7 min

Dajabon, Dominican Republic CNN —The United States and other diplomatic missions have begun evacuating personnel from Haiti, as gang violence in the Caribbean nation’s capital Port-au-Prince continues to spiral. US Southern Command said the move was consistent with “standard practice for Embassy security augmentation worldwide.” No Haitians were on board the military aircraft, it added. Another source with knowledge of the operations told CNN there have been at least 12 helicopter evacuation flights into Port-au-Prince over the past three days, all evacuating diplomatic and humanitarian staff. However, shots fired nearby after the last flight’s take off on Sunday have called into question the viability of continuing the evacuation flights, the source said. The World Food Programme suspended its maritime transport services in Port-au-Prince from distributing aid across Haiti due to the instability.

Persons: Dajabon, ”, Joe Biden, Peter Sauer, Stefano Gatto, —, Prince, Gang, Jimmy Cherizier, Ariel Henry, Stephane Dujarric, Henry Organizations: Dominican Republic CNN, CNN, US State Department, US Southern Command, Southern Command, National Security Council, CNN Helicopter, European Union, EU, Caribbean Port Services, Dominican, United Nations, US Department of Treasury, Food, UN, OCHA, Kenya, Kenyan, Caribbean Locations: Dominican Republic, United States, Haiti, Caribbean, Port, Dominican, Haitian, Santo Domingo, Petionville, Haiti’s, Puerto Rico, CARICOM, Kingston

☆ The Ambani family owns the world's most expensive private residence. Take a look at their Mumbai tower, Antilia, which cost $1 billion to build, has 3 helipads, and contains a 168-car garage.
▼ + stars: | 2024-03-07 | by ( Dan Latu | ) www.businessinsider.com time to read: +1 min

The Ambani family, which just threw a pre-wedding party for son Anant, has built a tower in Mumbai. The 27-story house, called Antilia, is said to be the most expensive private residence in the world. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementMukesh Ambani, India's richest man, and his family live in a fittingly opulent 27-story tower on Mumbai's most exclusive street.

Persons: Anant, —, Mukesh Ambani Organizations: Service, Guinness, World Records, Business Locations: Mumbai, Europe

☆ Putin has a secret palatial home near Finland with yachts, 2 helipads, and a private waterfall: report
▼ + stars: | 2024-01-30 | by ( Tom Porter | ) 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. Read previewA secret palatial home belonging to Russian President Vladimir Putin has been discovered in northern Russia, according to investigative outlet The Dossier Center. The Dossier Center posted a video on YouTube of what it claimed was drone footage of Putin's secret getaway. AdvertisementThe Center said the property is located on the shore of Lake Lagoda, part of a national park, and includes a picturesque waterfall. The report cited locals saying Putin visits the property once a year after making a trip to the nearby Valaam Monastery.

Persons: —, Vladimir Putin, oligarch Mikhail Khodorkovsky, Putin, Yury Kovalchuk Organizations: Service, Business, YouTube, Center Locations: Russia, Marialakhti Bay, Karelia, Finland, Lake Lagoda, Valaam, Russian

☆ Russian opposition group report says it's identified another superyacht belonging to Vladimir Putin
▼ + stars: | 2023-11-24 | by ( Katherine Long | ) www.businessinsider.com time to read: +3 min

A Russian military plant built Vladimir Putin a 71-meter superyacht, according to a new report. The report was written by the Dossier Center, a Russian opposition group funded by an exiled oligarch. AdvertisementVladimir Putin's newest known superyacht is 71 meters long, cost an estimated $50 million to build, and can carry up to 28 people, according to a new report from Russian opposition group the Dossier Center. Construction on the yacht began in 2005 at a Russian military facility that typically produces nuclear submarines, according to the report, citing unnamed sources close to Putin. Spokespeople for the Russian president and the Russian Ministry of Foreign Affairs did not immediately respond to a request for comment.

Persons: Vladimir Putin, oligarch, Putin's, —, Vladimir, Putin, Mikhail Khodorkovsky –, Russia –, lina K Organizations: Dossier, Service, NATO, ust Locations: Russian, Victoria, Sochi, Istanbul, Russia

☆ A private island near San Francisco with storied connections to Silicon Valley billionaires is on the market for $75 million
▼ + stars: | 2023-09-23 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

Point Buckler Island in Solano County, California, last sold for $150,000 in 2011. The 50-acre private island was a kiteboarding hotspot frequented by tech giants. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. AdvertisementAdvertisement"I've run out of money to fight and the island is worth a lot of money," he said. The shipping container clubhouse on Point Buckler Island Courtesy of John SweeneyThe island's ritzy history is part of the reason for its $75 million price tag, Sweeney explained.

Persons: It's, Larry Page, Sergey Brin, John Sweeney, Sweeney, Flannery, Marc Andreessen, Laurene Powell, John Sweeney Flannery, Solano Organizations: Service, SF, Flannery Associates, Laurene Powell Jobs, New York Times Locations: Buckler, Solano County , California, Wall, Silicon, San Francisco Bay, Point Buckler, San Francisco, Bay, Solano County, Suisun

☆ A Local’s Guide to Majorca
▼ + stars: | 2023-08-25 | by ( Gisela Williams | Richard Pedaline | ) www.nytimes.com time to read: +3 min

T’s new monthly travel series, Flocking To, highlights places you might already have on your wish list, sharing tips from frequent visitors and locals alike. Majorca, the largest of Spain’s Balearic Islands, has been a classic summer destination for Europeans and Brits for decades. In the last few years, a number of artists and designers have left larger cities in Europe and moved to Majorca. For the first installment of our series of Flocking To travel guides, we asked four locals or frequent visitors to Majorca to share the places they love most. One word of advice for first-time visitors: Majorca sprawls across roughly 1,400 square miles (it’s about the size of Long Island), so if you’re planning on exploring, you might want to rent a car.

Persons: helipads, Frédéric Chopin, George Sand, Robert Graves, Laura Riding, Deià —, Gertrude Stein —, Joan Miró, Miquel Barceló, ikat Locations: Majorca, Balearic, Polish, French, Valldemossa, British, American, Deià, Barcelona, Palma ., Asia, Europe, Sóller, Palma’s Old, Long

☆ A $700 million superyacht linked to Putin was seized in Italy last year. It's being treated to a refurb while it waits, and authorities won't say who's paying for it.
▼ + stars: | 2023-08-07 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Scheherazade, a $700 million superyacht linked to Russian President Putin, is being refitted in Italy. Italy seized the yacht in 2022 following sweeping sanctions against Russia over the Ukraine war. A $700 million superyacht reportedly linked to Russian President Vladimir Putin is sitting in an Italian port and being refitted on the unnamed owner's dime, the Financial Times reported Sunday. US authorities believe the superyacht could belong to Putin, The New York Times reported in March last year. Other Russian oligarch-linked yachts that have been seized include the $81 million Alfa Nero and the $48 million Phi.

Persons: Putin, Vladimir Putin, It's, Eduard Khudainatov, Alexei Navalny, Nero Organizations: Russia, Financial Times, Marina di, Sea Group, Bloomberg, The New York Times, Kremlin, Phi, Italian Sea Group Locations: Italy, Ukraine, Marina, Milan, Russian

☆ I became a superyacht chef without any formal training. Here's how I turned my hobby into cooking for celebrities like Pharrell Williams while traveling the world.
▼ + stars: | 2023-07-28 | by ( Claire Turrell | ) www.businessinsider.com time to read: +7 min

Since then, I've worked on 20 different superyachts in Asia, in the Caribbean, and in the Mediterranean. The yachts I've worked on have personal submarines, helipads, and spas. Dinner reservations can fall through, or once they get to the restaurant, the yacht owners may decide the vibes are off and that they no longer want to eat there. But I don't just cook for the owners, the guests, and the crew — sometimes, I cook for the owner's pets. I get my jobs through word of mouth, but to help people who are starting out to connect with other yacht chefs, I launched thesuperyachtchef.com in 2019.

Persons: Rachel Cunningham, Niki Lauda, Pharrell Williams, she'd, I've, I'd, wouldn't, must've, documentarian, Barts, Jeong Kwan, I'm Organizations: Service, Michelin, Netflix, Rachel Cunningham Chefs Locations: Asia, Caribbean, Wall, Silicon, Europe, Australia, Palma, Mallorca, Spain, France, London, Bluewater, Florida, Monaco, Seychelles, Bali, Malta, LordHenriVoton, Miami, Alaska, St, Devon, South Korea, Japan, Antigua

☆ US proposes training, pilot certification rules for air taxis
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +2 min

[1/2] A full-size mock-up of an electrically powered Lilium Jet air taxi is seen in a presentation bay inside a hangar at the German company’s headquarters in Oberpfaffenhofen airport outside Munich, Germany, December 2, 2022. REUTERS/Tim HepherWASHINGTON, June 7 (Reuters) - The U.S. aviation regulator said on Wednesday it was proposing comprehensive training and pilot certification rules for flying taxis, electric vertical takeoff and landing aircraft (eVTOL), which have been touted as the future of urban air mobility. Low-altitude urban aircraft have drawn intense global interest, with numerous eVTOL companies going public. In May, the FAA issued an "updated blueprint" for airspace and other changes to accommodate future air taxis. Last year, the FAA issued the airworthiness criteria that air taxi startup Joby Aviation (JOBY.N) must meet for its Model JAS4-1 eVTOL aircraft and Archer Aviation (ACHR.N) for its air taxi to be certified for use.

Persons: Tim Hepher WASHINGTON, David Shepardson, David Gregorio Our Organizations: Jet, REUTERS, U.S, Federal Aviation Administration, FAA, International Civil Aviation Organization, Airlines, Joby Aviation, Archer Aviation, Delta Air Lines, Thomson Locations: Oberpfaffenhofen, Munich, Germany, Joby, New York, Los Angeles

☆ U.S. imposes fresh sanctions on financial network linked to Russian oligarch Alisher Usmanov
▼ + stars: | 2023-04-12 | by ( Amanda Macias | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Biden administration imposed fresh sanctions aimed at the financial network linked to Russian billionaire and business tycoon Alisher Usmanov. Last year, German authorities seized the world's largest superyacht following official confirmation that the vessel had links to Usmanov. Read more: World’s largest yacht, linked to Russian billionaire Usmanov, is seized by GermanyUsmanov and his superyacht entered the crosshairs of the U.S. and its allies following coordinated global sanctions on Russian elites with Kremlin ties. Last March, French authorities seized a massive yacht they say is linked to Igor Sechin, a Russian billionaire who is CEO of state oil company Rosneft. The Lady M, known to be the property of Russian billionaire Alexei Mordashov, was previously seized in Italy.

☆ India expects more clashes with Chinese troops in Himalayas
▼ + stars: | 2023-01-27 | by ( Krishn Kaushik | ) www.reuters.com time to read: +3 min

NEW DELHI, Jan 28 (Reuters) - A security assessment by Indian police in the Himalayan region of Ladakh says there could be more clashes between Indian and Chinese troops along their contested frontier there as Beijing ramps up military infrastructure in the region. A fresh clash erupted between the two sides in the eastern Himalayas in December but there were no deaths. The report said the assessment was based on intelligence gathered by local police in the border areas and the pattern of India-China military tensions over the years. China's foreign ministry spokesperson's office on Saturday said China was maintaining close communication and dialogue through diplomatic and military channels with India. India and China share a 3,500 km (2,100 miles) border that has been disputed since the 1950s.

☆ Yacht linked to sanctioned Russian tycoon leaves Hong Kong
▼ + stars: | 2022-10-21 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

HONG KONG — A superyacht linked to sanctioned Russian tycoon Alexey Mordashov left Hong Kong for South Africa on Thursday, nearly two weeks after the U.S. accused the city of operating as a safe haven for sanctioned individuals. The marine department confirmed that the $500 million superyacht Nord left Hong Kong on Thursday afternoon but did not elaborate. The Nord arrived in Hong Kong on Oct. 5 from Vladivostok, Russia, putting the Chinese territory in the crosshairs of U.S.-China tensions. The U.S. State Department said the presence in Hong Kong of assets belonging to sanctioned individuals called into question the “transparency of the business environment” in the city. Hong Kong leader John Lee later said that while Hong Kong complies with United Nations sanctions, authorities “cannot do anything that has no legal basis” when it comes to sanctions unilaterally imposed by other jurisdictions.

☆ Superyacht struggle: Is Hong Kong now safe harbor for sanctioned Russians?
▼ + stars: | 2022-10-12 | by ( Marie Brockling | ) www.nbcnews.com time to read: +5 min

A superyacht linked to a Russian oligarch has produced the latest ripple of tensions between the United States and China after it moored in Hong Kong’s harbor. Hong Kong said Tuesday it would not seize the superyacht, defying Washington and raising fears that the global financial hub could become a haven for individuals sanctioned over the war in Ukraine. “Secondary sanction is more a practical matter rather than a legal or moral matter as Hong Kong banks handling Russian transactions could be sanctioned,” Sun added. The Hong Kong Marine Department did not respond to a request for comment on the number of Russian yachts in its harbors. “We will have to see how much money eventually flocks to Hong Kong and how they are being handled in order to assess the impact on U.S.-China relations,” Sun said.

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