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download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAll signs point to Mark Zuckerberg celebrating his 40th birthday on what many speculate is his brand-new superyacht Launchpad. But in the yachting world, where privacy is paramount, no party would confirm her owner. This story is available exclusively to Business Insider subscribers. Wingman, the support superyacht that he is suspected to have purchased with Launchpad, made the journey with her.
Persons: , Mark Zuckerberg, Zuckerberg, Ruben Griffioen, eSysman, Autoevolution, Launchpad, he's Organizations: Service, Business, Meta, SuperYacht Times, Marshall Locations: Panama, Fort Lauderdale , Florida, Russian, Launchpad, Feadship's, Netherlands
In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.
Persons: , Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewMay 14, 2024, marks Mark Zuckerberg's 40th birthday — and he's had quite the decade. Zuckerberg's net worth of $169 billion makes him the fourth richest person in the world, according to Bloomberg. Related storiesZuckerberg owns most of Facebook with his 13% stake in its parent company Meta, and nearly all of his fortune — $164 billion worth — is tied to it. And while he's far from the flashiest of the centi-billionaires, Zuckerberg's lifestyle has changed in conjunction with his wealth.
Persons: , Mark Zuckerberg's, he's, Zuckerberg, Priscilla Chan, He's, I'm, Chan Zuckerberg Organizations: Service, Harvard, Bloomberg, Business, Facebook, Meta, Chan Zuckerberg Initiative Locations: Meta, Palo Alto, Tahoe, Kauai, Hawaii
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
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
For the first time in the history of the United States, billionaires had a lower effective tax rate than working-class Americans. Opinion Guest Essay Make Billionaires Pay (Their Taxes)Until recently, it was hard to know just how good the superrich are at avoiding taxes. Let’s agree that billionaires should pay income taxes equivalent to a small portion — say, 2 percent — of their wealth each year. Billionaires who already pay the baseline amount of income tax would have no extra tax to pay. The idea that billionaires should pay a minimum amount of income tax is not a radical idea.
Persons: Emmanuel Saez, Gabriel Zucman, we’ve, Demetrio Guzzardi, Jeff Bezos, Bezos, Berkshire Hathaway, Warren Buffett, Elon Musk, Bernard Arnault, Arnault’s, Arnault, Reagan, Critics, haven’t, Biden Organizations: Government, Social Security, European Economic Association, Institut des Politiques, Economic, Amazon, Elon, Twitter, Shepard, Getty, Trump, Internal, Abaca, New York, Facebook Locations: United States, Netherlands, States Netherlands Italy France, Italy, France, Tesla, LVMH, America, Europe, Sweden, Germany, Switzerland, U.S, Brazil, South Africa, Spain
It says the M5 will be able to travel 820 feet underwater and stay submerged for a month. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht. The Migaloo concept clearly aims to cater to an increasing desire for privacy and security among the world's richest people. Bobbing about underwater in a Migaloo M5, Elon Musk wouldn't have to worry about a jet-tracking student any longer. A promotional concept rendering for the Migaloo M5, a proposed submersible superyacht MigalooIt remains to be seen if and when any prospective buyers will bite.
Persons: Christian Gumpold, , there's, Gumpold, Migaloo, Bond, It's, Elon Musk, it's Organizations: Service, Elon, SAFE, Fast Company Locations: Austria, Austrian
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
Read previewIt's been just about a year since Koru, Jeff Bezos' $500 million megayacht, set sail from the Oceanco shipyard in the Netherlands, capturing the attention of yachting insiders and land dwellers alike. Unlike many other megayachts, Koru, which media billionaire Barry Diller's Eos inspired, is designed as a sailing yacht. AdvertisementLike most other megayachts, Koru is powered by her engines, which are reportedly innovative in their use of a kinetic energy recovery system. AdvertisementTeak or not, the yachting industry isn't generally known for being all that environmentally friendly — or indeed lowkey, so many who BI talked to didn't buy into the idea that Koru is "too much." It's the latest superyacht to capture the yachting world's attention.
Persons: , Jeff Bezos, Koru, they'd, Federico Rossi, Barry Diller's Eos, he'd, Bezos, Lauren Sanchez, Origin's, Shephard, That's, Anders Kurtén, I'm, Jerry Jones, Bernard Arnault, Mark Zuckerberg Organizations: Service, Palm, Business, Industry, Yachts Locations: Netherlands, St, Myanmar
The 118-meter superyacht Launchpad made her maiden voyage last week. The yacht world is speculating that her owner is Meta CEO Mark Zuckerberg. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters long, about nine meters shorter than Jeff Bezos' superyacht Koru.
Persons: Mark Zuckerberg, , St Maarten, Jeff Bezos Organizations: Service, Business Locations: Fort Lauderdale , Florida, Gibraltar, St
A Russian oligarch's seized megayacht is costing US taxpayers $922,000 a month, a court filing says. Another Russian billionaire is claiming ownership of the yacht and opposing attempts to sell it. 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 . AdvertisementA Russian oligarch's megayacht is costing taxpayers almost $1 million a month after the government seized it, court filings say.
Persons: megayacht, there's, , Suleiman Kerimov, It's Organizations: Service, Business Locations: Russian, Fiji, San Diego
Please don't bother Jeff Bezos on vacation
  + stars: | 2023-12-31 | by ( Lloyd Lee | ) 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 previewJeff Bezos' yacht is such a spectacle to behold that local authorities have had to ask the public to give the billionaire some privacy while he's on vacation. Before that, Bezos broke a California record by purchasing a $165-million estate built by Warner Bros. cofounder Jack Warner in 1937. The Beverly Hills estate provides privacy with tall hedges that hide the home from the street. Even in the way he conducts his businesses, from Amazon to Blue Origin, Bezos has cherished privacy, keeping some of the company projects secret for years, The Washington Post reported.
Persons: , Jeff Bezos, Lauren Sanchez, Tourism Charles Fernandez, Fernandez, Jeff, Lauren love Maui, Bezos, Jack Warner Organizations: Service, Business, Barbuda's, Tourism, Antigua Observer, Pacific Business, Warner Bros, Washington Post Locations: Falmouth, Antigua, Barbuda, Koru, Maui's, California, Beverly, Amazon
Jeff Bezos' fiancee described the couple's morning routine in an interview with Vogue. It begins with coffee, and she uses a mug Bezos got her from Amazon. The mug says "Woke up sexy as hell again" on the side, she said. She revealed two key things (among others, admittedly): first, that Bezos uses his own product and shops on Amazon. Lauren Sánchez, who has been dating Bezos since at least 2019 when the couple went public, described their morning routine in the interview.
Persons: Jeff Bezos, , Bezos, Lauren Sánchez, Sánchez Organizations: Vogue, Service, Amazon
Now, the world's .01% are seeking submersible vessels to accessorize their latest superyacht purchase, The Washington Post reports. "Yacht owners are, by and large, people who have an interest in the ocean," Patrick Lahey, founder of Triton Submersibles, previously told Insider. The disaster may have sparked more interest in extreme adventures from the wealthy, Phillippe Brown, founder of Brown and Hudson travel company, previously told Insider. Valery Hache/AFP via Getty ImagesAt Triton Submersibles, a vessel can cost between $2.5 million and $7 million, Insider reported. AdvertisementAdvertisement"Even after a thousand dives, it never stops being exciting," Charles Kohnen, co-founder of SEAmagine, told the Times.
Persons: , Ofer Ketter, Jeff Bezos, Patrick Lahey, Triton Submersibles, Phillippe Brown, Brown, Valery Hache, Ian Sheard, Charles Kohnen, SEAmagine Organizations: Service, Washington Post, New York Times, Amazon, International Monaco, Getty, Times Locations: Hudson, AFP, Aurora
A $120 million megayacht linked to a Russian billionaire has been docked in Antigua and Barbuda for 19 months. Now taxpayers in the small country are paying $28,000-a-week to maintain the idle vessel, per the WSJ. The Alfa Nero is a $120 million vessel that was raided by armed police and the FBI in August 2022, having been left in Antigua's Falmouth Harbor since Russia invaded Ukraine six months earlier. The US Treasury Department has linked the Alfa Nero to Andrey Guryev , a Russian oligarch who the department says is a "close associate" of Vladimir Putin. The Journal reports that the country's residents are paying $28,000-a-week in taxes to maintain the Alfa Nero, including the salary of an Italian captain and $2,000-a-day in diesel to keep its air conditioning running.
Persons: Nero, Alfa Nero, Andrey Guryev, Vladimir Putin, Eric Schmidt, Guryev's, it's, Joan Miró, Tom Paterson Organizations: Service, Street Journal, FBI, US Treasury Department, Bloomberg, Alfa, Guardian, Google Locations: Russian, Antigua, Barbuda, Caribbean, Wall, Silicon, Antigua's Falmouth Harbor, Russia, Ukraine, Falmouth Harbor, Italian
For billionaires and their celebrity friends, warm weather means it's yacht season. Four years later, Bezos is no longer Amazon's CEO, and he's spent the last few months earning a new title: king of the high seas. As 2023's yacht season comes to a close, it's clear that Bezos' brand new $500 million superyacht won the summer. AdvertisementAdvertisementYacht season's runner-up: billionaire Barry Diller's EosThe Eos, owned by Barry Diller and Diane von Furstenberg, is a yacht-season staple. The Eos docked in Venice to end its summer season, where von Furstenberg hosted the annual DVF Awards — and began furnishing one of her dry-land residences.
Persons: Jeff Bezos, David Geffen's, Goldman Sachs, Lloyd Blankfein, he's, superyacht, David Zaslav, Bezos, Koru, Lauren Sanchez —, , that's, Sanchez, Bill Gates, Whitney Wolfe Herd, Ari Emanuel, Leonardo DiCaprio, Orlando Bloom, Katy Perry, Usher, Barry Diller's Eos, Barry Diller, Diane von Furstenberg, Horacio Villalobos, Eos, Diller, von Furstenberg, Oprah Winfrey, Gayle King, Edward Enninful, Valentino, Valentino Giancarlo Giammetti, Kris Jenner, Candice Bergen, Emma Thompson, Jason Blum, Diane Sawyer, Bryan Lourd, Giorgio Armani's, Sydney Sweeney, Kerry Washington, Geffen, it's Organizations: Service, Warner Bros, Discovery, Hollywood, Bezos, British Vogue, Creative Artists Agency, Geffen Locations: Wall, Silicon, Gibraltar, Spain, Cannes, Positano, Dubrovnik, Croatia, Mallorca, Greece, Amalfi, Venice, Venice's, Capri, Portland , Maine
CNN —Spanish climate activists sprayed red paint across a superyacht owned by billionaire Walmart heiress Nancy Walton Laurie in Barcelona on Friday, the second time the yacht has been the target of protests in the past two months. Two activists from the climate groups Scientist Rebellion and Extinction Rebellion accessed Marina Port Vell, a dock for superyachts, at 7 a.m. local time on Friday, according to a spokesperson for the organization. The Walmart heiress Nancy Walton's megayacht was spray painted this morning by climate activists in Marina Port Vell, Barcelona . Scientist RebellionA spokesperson for Marina Port Vell said that the boat had not been damaged in Friday’s action. The activists were detained by police at the marina for three hours before being released, according to a spokesperson for Scientist Rebellion.
Persons: Nancy Walton Laurie, Nancy Walton's megayacht, Port Vell, Samantha Burgess Organizations: CNN, Scientist Rebellion, Port Police Locations: Spanish, Barcelona, Marina Port Vell, superyachts, Ibiza
Lauren Sanchez, Jeff Bezos' fiancee, has traded in quiet luxury for "loud luxury." Sanchez's vacation style has included vibrant colors, loud patterns, and flashy sequined ensembles. Sanchez and Bezos have been galavanting across Europe this summer aboard the Amazon founder's $500 million megayacht, and Sanchez has packed a variety of 'loud luxury' pieces. Instead of donning neutral color palettes and label-less attire, two crucial components of quiet luxury dressing, Sanchez's summer Yacht style has included an array of colorful and flashy ensembles that broadcast brand names. Another white dress she wore in Spain was entirely encrusted in pearls, writes the Daily Mail.
Persons: Lauren Sanchez, Jeff Bezos, Sanchez, Pucci, Piana, Kendall, Louis Vuitton, logoed Chanel, Daniela Gregis, Mimi Liberté Organizations: Service, Daily Mail, Daily, GQ, Wall Street Locations: Europe, Wall, Silicon, Saint, Portofino, Ibiza, Spain
Amazon founder Jeff Bezos has had a "glo-up" in recent years since stepping back from the company. He went from eating a tin of biscuits for breakfast every morning to putting in hours in the gym. Jeff Bezos was a pretty scrawny guy when he founded Amazon in 1994. She said that Bezos "stole" her personal trainer, Wes Okerson, who has also trained celebrities like Tom Cruise and Gerard Butler. Beyond his personal diet and fitness regimen Bezos has reportedly also invested in anti-aging research company Altos Labs.
Persons: Jeff Bezos, Lauren Sanchez, Sanchez, Wes Okerson, Tom Cruise, Gerard Butler, Jeff, Bezos, Bezos's, MacKenzie Scott, Betty Crocker Organizations: Amazon, Wall Street, Pillsbury, Altos Labs
Jeff Bezos is the latest tech billionaire to show off his toned physique. His fiance, Lauren Sanchez, posted a picture of Bezos ascending the ladder of his yacht — shirtless. Bezos joins a string of fitness-obsessed tech billionaires, like Mark Zuckerberg and Elon Musk. Is it … shirtless tech bro summer? On Monday, Jeff Bezos' new fiance, Lauren Sanchez, posted a picture of her soon-to-be husband ascending the ladder of his new, $500 million megayacht.
Persons: Jeff Bezos, Lauren Sanchez, Bezos, Mark Zuckerberg, Elon Musk, that's, Sanchez, Wes Okerson —, Isreal Adesanya, Alex Volkanovksi, Mark Zuckerberg Mark Zuckerberg, Priscilla Chan, Mark, brawn, Musk Organizations: UFC, Zuckerberg, SpaceX, Facebook Locations: Italy, Bezos, Silicon
Yachting has long been a favorite pursuit of the rich and famous. Take a look inside the Princess Yachts S62, one of the vessels that was on display. From top business leaders and royals, to sports stars and Hollywood celebrities, yachting has long been a favorite pastime of the rich and famous. Whether it's Amazon founder Jeff Bezos' $500 million megayacht or Walmart heiress Nancy Walton Laurie's $300 million aquarium-equipped superyacht, the boats are bigger and flashier than ever. Take a look inside one of the yachts that was on display.
A sculpture on Jeff Bezos' new $500 million megayacht has tongues wagging: Is it his girlfriend? Bezos and his girlfriend, Lauren Sanchez, were recently spotted on the yacht for the first time. A sculpture on Jeff Bezos' new megayacht has people wondering whether it's his girlfriend, Lauren Sanchez. Bezos and Sanchez, who went public with their relationship in 2019, were first spotted on the new $500 million superyacht earlier this week off the coast of Spain. The yacht made its maiden voyage in April when it left Oceanco's facilities to travel to Gibraltar on the way to Bezos.
A shirtless Jeff Bezos and his girlfriend, Lauren Sanchez, have been spotted on his new $500 million yacht. The 417-foot vessel had stirred controversy when it nearly required a historic bridge be dismantled for it to pass. Residents threatened to egg the yacht; the vessel was then quietly towed to another shipyard to avoid a scene. The billionaire Amazon founder was seen shirtless as he sunbathed on the $500 million yacht with his girlfriend, Lauren Sanchez, along the coast of Spain on Monday, according to Page Six. Check out the photos of Bezos and Sanchez on the yacht on Page Six.
Walmart heiress Nancy Walton Laurie owns a multi-award-winning $300 million superyacht. A superyacht owned by Walmart heiress Nancy Walton Laurie attracted attention recently after being spotted in Miami, Florida. A TikToker posted a video of "Kaos," Walton Laurie's 361-foot luxury yacht, as it was moored outside her "front door." Walton Laurie, worth $7.5 billion according to Bloomberg Billionaires Index, is the youngest daughter of Walmart co-founder James "Bud" Walton. Walton Laurie reportedly also owns another lavish superyacht called "Secret," according to Robb Report.
A $500 million yacht believed to belong to Jeff Bezos has been delivered to the Amazon founder. The 417-foot vessel, the largest sailing yacht in the world, recently made its maiden voyage to Gibraltar, according to Boat International. At 417 feet long, the boat is believed to be the largest sailing yacht in the world. The request sparked public outcry, prompting more than 1,000 residents to threaten to throw eggs at the yacht if the bridge ended up being dismantled. Oceanco later nixed its request, and the yacht was towed under cover of night to another shipyard, without its masts, which were installed later.
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