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☆ Check out Nancy Walton Laurie's $300 million superyacht that features a helipad, swimming pool, and aquarium
▼ + stars: | 2023-05-01 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +2 min

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 law school named after the late Antonin Scalia is a haven for conservative Supreme Court justices to enjoy lavish treatment, New York Times reports
▼ + stars: | 2023-05-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Antonin Scalia Law School at the Virginia-based George Mason University was renamed in 2016. The renaming was part of a plan to help its reputation by getting closer to the Supreme Court. Justices were given notable benefits to teach there, emails obtained by The New York Times reveal. This desire to keep Supreme Court leadership on their roster even superseded scandals the judges faced. The Antonin Scalia Law School and a spokesperson for the Supreme Court did not immediately respond to Insider's request for comment.

☆ Jeff Bezos, accidental style icon, was spotted at Coachella in a butterfly-print button-down shirt
▼ + stars: | 2023-04-25 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +3 min

Amazon founder Jeff Bezos showed up at Coachella in a butterfly-print button-down shirt. "Looks like a low budget Fast and Furious scene," wrote Redditor RuckOver3 in a post that was upvoted more than 34,000 times as of press time. Bezos was spotted at the festival with his partner Lauren Sanchez, Kardashian matriarch Kris Jenner, and Jenner's partner, Corey Gamble, per TMZ. wrote Redditor BarfJello, in a comment that had been upvoted more than 13,000 times as of press time. "Looks like the average Coachella attendee," wrote Reddit user electricman420.

☆ Sen. Wyden asks billionaire Harlan Crow for list of gifts to Supreme Court Justice Thomas
▼ + stars: | 2023-04-24 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

Sen. Ron Wyden, D-Ore., on Monday asked GOP megadonor Harlan Crow for a complete list of gifts to Supreme Court Justice Clarence Thomas and evidence that the billionaire real estate developer complied with federal tax law in connection with the long-undisclosed largesse to Thomas. "This unprecedented arrangement between a wealthy benefactor and a Supreme Court justice raises serious concerns related to federal tax and ethics laws," Wyden, who heads the Senate Finance Committee, wrote in a six-page letter to Crow. Thomas had not disclosed any of the gifts from Crow, or the property purchases by him, until they were revealed by ProPublica. "The secrecy surrounding your dealings with Justice Thomas is simply unacceptable," Wyden wrote in his letter to Crow. "The American public deserves a full accounting of the full extent of your largesse towards Justice Thomas, including whether these gifts complied with all relevant federal tax and ethics laws," he wrote.

☆ AOC says there's an easy solution if Clarence Thomas wants a life of luxury: 'Resign from the court'
▼ + stars: | 2023-04-18 | by ( Nicole Gaudiano | ) www.businessinsider.com time to read: +2 min

Rep. Alexandria Ocasio-Cortez weighed in on Justice Clarence Thomas' undisclosed luxury trips. Public servants who want to live a luxury lifestyle "can resign from the court," she said. Thomas reportedly took undisclosed vacations with a GOP megadonor over the past 20 years. And if they want to live that kind of lifestyle, then they can resign from the court. Host Jordan Klepper asked who she thought would write the opinion if conflicting rulings on the abortion pill mifepristone make it to the Supreme Court.

☆ Thomas revelation fits a broader pattern of nondisclosure
▼ + stars: | 2023-04-12 | by ( Joan Biskupic | ) edition.cnn.com time to read: +7 min

Washington CNN —The recent revelations of lavish gifts and travel that a Republican megadonor showered on Justice Clarence Thomas reflect a larger Supreme Court culture of nondisclosure, little explanation, and no comment. The incident reflects the broader lack of accountability at the high court regarding off-bench behavior. Justices regularly brush aside reporters’ queries for specifics on travel and gifts, book advances and other extracurricular activities. Senate Judiciary Committee Chairman Dick Durbin made another such plea to Roberts this week as he also urged the chief justice to open an investigation into Thomas’ conduct. Chief justice on the spotRoberts, who became chief justice in 2005, has continually described the high court as beyond the realm of politics and worthy of public trust.

☆ 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.

The hearing, they said, would focus on "the need to restore confidence in the Supreme Court's ethical standards." "And if the court does not resolve this issue on its own, the committee will consider legislation to resolve it," they told Roberts. ProPublica reported on Thursday that Thomas accepted expensive trips from Republican donor and real estate magnate Harlan Crow over decades without disclosing them. Thomas defended the trips on Friday, saying he had been advised he was not required to report that type of "personal hospitality." Crow told ProPublica he had "never sought to influence Justice Thomas on any legal or political issue."

☆ Senate Democrats urge Supreme Court chief justice to investigate Clarence Thomas luxury trips
▼ + stars: | 2023-04-10 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Associate Justice Clarence Thomas poses during a group photo of the Justices at the Supreme Court in Washington, April 23, 2021. The Senate Judiciary Committee's Democratic majority on Monday called for an investigation into Supreme Court Justice Clarence Thomas' behavior after a report revealed he had failed to disclose years of luxury trips funded by a Republican megadonor. Chief Justice John Roberts should "immediately open" a probe into "how such conduct could take place" on his watch, read a letter from Chairman Dick Durbin of Illinois and the Senate Judiciary panel's 10 other Democratic members. The Democrats also warned they would "consider legislation to resolve" the issue if the high court does not do so on its own. The Senate Judiciary panel's letter to Roberts said Thomas' failure to report the trips is "plainly inconsistent with the ethical standards the American people expect of any person in a position of public trust."

☆ Meet Harlan Crow, Clarence Thomas' vacation pal, GOP megadonor, and billionaire Texas real estate magnate
▼ + stars: | 2023-04-07 | by ( Madison Hall | ) www.businessinsider.com time to read: +4 min

Texas real estate magnate Harlan Crow provided lavish vacations to Justice Clarence Thomas. Born in 1949 in Dallas, Texas, Crow is a 74-year-old real estate developer and the chairman of Crow Holdings, a Dallas-based real estate development and investment firm that was started by his father, Trammell Crow. Before his death in 2009, Trammell Crow was once one of the nation's most prominent real estate developers and landlords. What's his relationship with Supreme Court Justice Clarence Thomas? He also donated $105,000 to Thomas' alma mater, Yale Law School, for the "Justice Thomas Portrait Fund."

☆ Clarence Thomas secretly went on lavish vacations in luxury jets and superyachts paid for by a GOP megadonor, report reveals
▼ + stars: | 2023-04-06 | by ( Natalie Musumeci | Oma Seddiq | ) www.businessinsider.com time to read: +5 min

A ProPublica report found Clarence Thomas has been taking vacations paid for by a GOP megadonor. A Supreme Court spokesperson did not immediately respond to Insider's request for comment on Thursday. "Justice Thomas and Ginni never asked for any of this hospitality," Crow said. "We have never asked about a pending or lower court case, and Justice Thomas has never discussed one, and we have never sought to influence Justice Thomas on any legal or political issue," he added. And unlike the rest of the federal judiciary, the Supreme Court is not bound by a code of conduct.

☆ Clarence Thomas has accepted undisclosed luxury trips from GOP megadonor for decades, report says
▼ + stars: | 2023-04-06 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +1 min

Associate Justice Clarence Thomas during the formal group photograph at the Supreme Court in Washington, DC, US, on Friday, Oct. 7, 2022. Supreme Court Justice Clarence Thomas has accepted secret luxury trips from Republican megadonor Harlan Crow for more than two decades in apparent violation of a financial disclosure law, a ProPublica report revealed Thursday. Thomas has vacationed on Crow's 162-foot superyacht, flown on the real estate developer's private jet and spent time at the GOP donor's private resort and other exclusive retreats, ProPublica reported, citing documents and dozens of interviews. Thomas "seems to have completely disregarded his higher ethical obligations," Virginia Canter, chief ethics counsel at the watchdog group CREW, told the outlet. Spokespeople for the Supreme Court and Crow did not immediately respond to CNBC's request for comment on the investigation.

The news outlet said the frequency of the gifts have "no known precedent in the modern history of the U.S. Supreme Court." Thomas and Chief Justice John Roberts did not immediately respond to a request for comment. "This cries out for the kind of independent investigation that the Supreme Court — and only the Supreme Court, across the entire government — refuses to perform," Whitehouse said on Twitter. The ProPublica report is the latest revelation to prompt ethics concerns about Thomas. Thomas's failure to report the trips provided by Crow appears to violate a federal law requiring justices, judges and other federal officials disclose most gifts, ProPublica reported, citing legal ethics experts.

☆ Antigua wants to quickly auction off an 'abandoned' superyacht linked to a Russian oligarch after it ran up a $500,000 bill for fuel and food
▼ + stars: | 2023-03-28 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Antigua and Barbuda government has declared the Alfa Nero super yacht abandoned. Authorities intend to use the money to pay down a $500,000 fuel bill owed to the Antigua Yacht Club Marina. The authorities intend to use the yacht's sale proceeds to pay down a $500,000 debt it owes to the Antigua Yacht Club Marina for fuel, per Daily Observer. He added the Alfa Nero could also be uninsured and this could cause issues for the harbor. The US Department of the Treasury has linked the Alfa Nero super to Guryev, who the department said is a "close associate" of President Vladimir Putin.

☆ Saddam Hussein's yachts were once signs of luxury. Now, one is a wrecked picnic spot for fishermen and the other was almost turned into a hotel.
▼ + stars: | 2023-03-17 | by ( Chris Panella | ) www.businessinsider.com time to read: +4 min

Saddam Hussein's yachts were once luxurious signs of the dictator's power. The 'Al Mansur,' Iraqi President Saddam Hussein's private yacht, lies at the dockside in central Basra April 10, 2003. Iraq stepped in and courts decided the "Bashrah Breeze" belonged to the government. In 2018, reports that "Bashrah Breeze" would be made into a hotel for pilots made international headlines. The 'Bashrah Breeze' superyacht owned by Saddam Hussein.

☆ Tiger Woods's NDA battle with Erica Herman is dragging his obsession with privacy into the spotlight
▼ + stars: | 2023-03-14 | by ( Jack Newsham | Katherine Long | ) www.businessinsider.com time to read: +13 min

Tiger Woods's ex-girlfriend Erica Herman claims he evicted and abused her, but she has an NDA. Davis wasn't the first person asked to keep Tiger Woods's name out of his mouth, and according to a $30 million lawsuit filed earlier this month by Woods's ex-girlfriend Erica Herman, he wasn't the last. The battle over Herman's NDA is a window into Woods's longtime obsession with privacy. In October 2021, exhibits and transcripts were sealed in an unsuccessful case brought by the family of an employee at Tiger Woods's restaurant who died in a drunk driving incident. When Woods's image imploded in 2009, he used nondisclosure agreements to stanch the gush of details about his personal life into the media.

☆ Antigua and Barbuda is preparing to auction off an 'abandoned' $81 million superyacht linked to a Russian oligarch, reports say
▼ + stars: | 2023-03-08 | by ( Marielle Descalsota | Kate Duffy | ) www.businessinsider.com time to read: +2 min

An $81 million superyacht linked to a Russian oligarch is reportedly set to be auctioned off. The 81.2-meter Alfa Nero has been linked to Russian chemicals magnate Andrey Guryev. An Antigua and Barbuda government minister reportedly said the "abandoned" yacht risks becoming a "hazard." The 81.2-meter Alfa Nero was built by Oceanco and can accommodate 12 guests in six staterooms and 28 crew, according to Boat International. The Treasury department said in August that the Alfa Nero was a "blocked property" of Guryev's, and that he reportedly bought the yacht for $120 million in 2014.

☆ Dozens of sanctioned superyachts seized from Russian oligarchs still hang in limbo, racking up millions in maintenance
▼ + stars: | 2023-03-02 | by ( Grace Kay | Sam Tabahriti | ) www.businessinsider.com time to read: +6 min

Seized yachts owned by sanctioned Russian oligarchs hang in limbo as US and European authorities decide next steps. Annual maintenance for some of the yachts costs as much as $115.6 million. Earlier this week, CNBC reported that billions of dollars in oligarch's assets — from yachts and villas to private jets — are still frozen. And while the Russian oligarchs are still technically responsible for paying for yacht maintenance, they're unlikely to fork over the maintenance cost or authorities will encounter difficulty collecting the funds due to sanctions on financial transactions with the billionaires. According to Maltby, the maintenance cost of a yacht usually totals about 15% to 20% of its overall value.

☆ Russian oligarchs' superyachts have avoided the US west coast and the Mediterranean since Russia invaded Ukraine, heat maps show
▼ + stars: | 2023-02-25 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

Russian oligarchs' superyachts were detected in different regions after the Ukraine war began. Heat maps show oligarchs' yachts have avoided America's west coast and the Mediterranean. The MediterraneanSpire MaritimeSpire's data found that the Mediterranean was a hotspot for Russian oligarchs' superyachts before Russia invaded Ukraine. Turkey still offers a safe haven for Russian oligarchs' assets because it's yet to sanction Russia for its aggression against Ukraine. Arabian SeaSpire MaritimeSpire's data also honed in on the movements of Russian oligarchs' yachts around the Arabian Sea.

☆ DoJ moves to seize 6 luxury properties in New York, the Hamptons, and Florida worth $75 million from sanctioned Russian oligarch Viktor Vekselberg
▼ + stars: | 2023-02-25 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +3 min

The Department of Justice has moved to seize six luxury properties owned by a sanctioned oligarch. Viktor Vekselberg's homes in New York, the Hamptons, and Florida, are worth $75 million. Vekselberg bought the homes via shell companies in Panama and The Bahamas, prosecutors alleged. Court documents show Vekselberg purchased the properties using two shell companies based in Panama, and The Bahamas. Prosecutors say Vekselberg attempted to sell two properties without informing the Office of Foreign Assets Control.

☆ Superyacht chef says life at sea serving the uber-rich is far from glamorous — from 'boat bites' and grueling 18-hour days to a guest who asked to 'heat the Adriatic'
▼ + stars: | 2023-02-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Former yacht chef Melanie White revealed what it's like to work at sea in a tell-all book. "We dwell on the threshold of the rich and famous," White wrote in a tell-all book about the industry that was released in October. Courtesy of Melanie WhiteIn the book, White breaks down the often grueling experience, which included working 18-hour days cleaning bathrooms and guest quarters. In the book, White compared her role to that of a fairy, magically and nearly invisibly doing tasks to please guests. Courtesy of Melanie White"The success of a business or boat lives and dies with the compatibility of the employees," White wrote.

☆ Wealthy Americans are racing to get the EU's last remaining 'golden passport' before it's gone
▼ + stars: | 2023-02-17 | by ( Hannah Towey | ) www.businessinsider.com time to read: +6 min

For the first time, Americans are applying for "golden passports" more than any other nationality. For the first time, Americans are applying for golden passports and visas more than any other nationality, according to Henley & Partners' 2023 USA Wealth Report, released Thursday. Henley & Partners' Head of North America Mehdi Kadiri said Malta's golden passport scheme was the second-most sought-after program among Americans, in part because Malta's program is accessible through real estate investment. Former Google CEO Eric Schmidt reportedly applied for European citizenship in 2020 through Cyprus' now-defunct golden passport program. Following Russia's invasion of Ukraine, golden passports and visas faced global scrutiny for allowing sanctioned oligarchs access to the UK.

☆ These heat maps show the dramatic change in the movements of oligarchs' superyachts since Russia invaded Ukraine
▼ + stars: | 2023-02-08 | by ( Kate Duffy | ) www.businessinsider.com time to read: +5 min

☆ I spent a night on a superyacht and now I know why the super-rich love them so much
▼ + stars: | 2023-01-28 | by ( Sam Tabahriti | ) www.businessinsider.com time to read: +4 min

I spent a night on a superyacht in Croatia that can accommodate up to 30 people. The super-rich love superyachts and the yachting industry is booming – I now know why. Miha Menegalija of charter broker Goolets says owning a superyacht is one way to showcase your wealth. GooletsBefore boarding the Ohana, I had never been on a boat, let alone on a superyacht. It may not come as a great surprise, but I certainly could get used to spending plenty of time on a superyacht.

☆ The Department of Justice charged 2 men over helping to conceal Russian oligarch Viktor Vekselberg's ownership of a $90 million superyacht
▼ + stars: | 2023-01-21 | by ( Stephanie Stacey | ) www.businessinsider.com time to read: +3 min

Richard Masters and Vladislav Osipov were charged by the Department of Justice for sanctions evasion. The US has accused the pair of trying to conceal a sanctioned oligarch's ownership of a superyacht. Masters, 52, used a fake name for Viktor Vekselberg's "Tango," calling it the "Fanta," per DoJ. Prosecutors said Vladislav Osipov and Richard Masters had facilitated the operation of Vekselberg's $90 million yacht that was seized by Spanish authorities last April. Osipov designed a "complicated ownership structure of shell companies" to mask Vekselberg's ownership of the boat, called "Tango," according to the DoJ.

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