david geffen yacht portland

Gigayacht spotted in Portland Harbor attracts attention

by Ariana St Pierre , WGME

PORTLAND (WGME) -- A $400 million gigayacht floating in the Portland Harbor is turning heads.

According to the Press Herald, a yacht is typically at least 30 feet long, a superyacht is 80-100 feet long, a megayacht is 200 feet, and a gigayacht is over 300 feet long.

The yacht, named Rising Sun, is owned by billionaire entertainment mogul David Geffen, according to CBS News.

CBS News reports the boat's original owner, Oracle CEO Larry Ellison, sold Rising Sun to Geffen in 2010.

The Rising Sun reportedly has 82 rooms, including a gym, a basketball court, a wine cellar, a spa, and a movie theater, according to CBS News.

• Also read: 'It's amazing:' Nearly $70M middle school set to open in South Portland

It can reportedly accommodate up to 16 guests and 45 crew members.

Geffen’s gigayacht is the 20th largest in the world, according to the Press Herald.

It’s certainly an eye-catcher at five stories high and 453 feet long.

David Geffen's 82-Room Megayacht Docks In Portland, Maine

The picturesque harbor at Portland, Maine hosts a number of luxury cruise ships in the fall months, but rarely does a privately owned vessel of a similar stature grace its waters. Thus when the world's 10th largest yacht, David Geffen's 453-foot long Rising Sun  docked there recently, it caused quite a sensation. The five-story, 82-room yacht took up enough space for several smaller boats at the city's Ocean Gateway International Marine Terminal. Originally commissioned by Oracle billionaire Larry Ellison from Germany's Lürssen shipyard in 2004, the yacht cost about $250 million to build. The Rising Sun features luxe accommodations for 12 people, in addition to 30 crew members, and features a gymnasium, spa, sauna, wine cellar, private cinema and basketball court that converts to a helipad. 

Geffen and Ellison were originally co-owners of the yacht before Geffen took full control of it in 2010. It it is the largest yacht in the world owned by a U.S. citizen. It is not known whether Geffen was on board the yacht when it arrived in Maine, but here's where a few other billionaires docked their yachts recently: 

• Russian Billionaire Andrey Melnichenko brought the world's "coolest" megayacht — a 390-foot, $400 million vessel designed by Philippe Starck and dubbed the A  — to Auckland, New Zealand.
• Russian oligarch Roman Abramovich brought the 536-foot  Eclipse , the second largest yacht in the world which cost around $800 million, to the southern Croatian island of Mljet.
• Microsoft billionaire Paul Allen arrived in Iceland aboard the 414-foot Octopus , the 13th largest yacht and the largest expedition yacht in the world.

Massive yacht turns heads along Portland waterfront

PORTLAND, Maine (WMTW) - Maine is known for its waterfront, and places like Portland are certainly no stranger to massive cruise ships and luxury yachts.

But a boat that has been docked in Portland for the last several days is certainly turning some heads.

The “Rising Sun” is owned by billionaire media mogul David Geffen. The so-called giga-yacht is one of the 20 largest yachts in the world.

It is 452 feet long, and five stories high with 82 rooms, a spa, a movie theater, a wine cellar and a full-sized basketball court. It staffs a crew of 45 people.

Many people have been heading to the Portland waterfront just to get a look.

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Gigayacht arrives in Portland Harbor

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A $400 million gigayacht floating in the Portland Harbor is turning heads.

A yacht is typically at least 30 feet long, a superyacht is 80 to 100 feet long, a megayacht is 200 feet and a gigayacht is more than 300 feet long, according to the Portland Press Herald .

The vessel is owned by entertainment mogul David Geffen, the Press Herald reported.

The yacht, named Rising Sun, has 82 rooms, including a gym, wine cellar, spa and movie theater, according to the Press Herald. It can accommodate up to 16 guests and 45 crew members.

Geffen’s gigayacht is the 20th largest in the world, according to the Press Herald.

It’s certainly an eye-catcher at five stories high and 453 feet long.

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Photos: david geffen's "superyacht" docks in portland harbor.

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One of the largest yacht's in the world, owned by David Geffen, was docked in Portland Harbor on Tuesday.

PHOTO: WMTW Image

Geffen is a former record producer and founder of Dreamworks.

His yacht, the Rising Sun, is listed as one of the largest yachts in the world.

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David Geffen's 82-Room Megayacht Docks in Portland, Maine

The picturesque harbor at Portland, Maine hosts a number of luxury cruise ships in the fall months, but rarely does a privately owned vessel of a similar stature grace its waters. Thus when the world’s 10th largest yacht, David Geffen’s 453-foot long Rising Sun  docked there recently, it caused quite a sensation. The five-story, 82-room yacht took up enough space for several smaller boats at the city’s Ocean Gateway International Marine Terminal. Originally commissioned by Oracle billionaire Larry Ellison from Germany's Lürssen shipyard in 2004, the yacht cost about $250 million to build. The Rising Sun features luxe accommodations for 12 people, in addition to 30 crew members, and features a gymnasium, spa, sauna, wine cellar, private cinema and basketball court that converts to a helipad. 

Geffen and Ellison were originally co-owners of the yacht before Geffen took full control of it in 2010. It it is the largest yacht in the world owned by a U.S. citizen. It is not known whether Geffen was on board the yacht when it arrived in Maine, but here’s where a few other billionaires docked their yachts recently: 

• Russian Billionaire Andrey Melnichenko brought the world’s “coolest” megayacht — a 390-foot, $400 million vessel designed by Philippe Starck and dubbed the A  — to Auckland, New Zealand.
• Russian oligarch Roman Abramovich brought the 536-foot  Eclipse , the second largest yacht in the world which cost around $800 million, to the southern Croatian island of Mljet.
• Microsoft billionaire Paul Allen arrived in Iceland aboard the 414-foot Octopus , the 13th largest yacht and the largest expedition yacht in the world.

Jared Paul Stern

Jared Paul Stern, JustLuxe's Editor-at-Large, is the Executive Editor of Maxim magazine and has written for the Wall Street Journal, New York Times, the New York Times' T magazine, GQ, WWD, Vogue, New York magazine, Details, Hamptons magazine, Playboy, BlackBook, the New York Post, Man of the World, and Bergdorf Goodman magazine among others. The founding editor of the Page Six magazine, he has al... (Read More)

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The yachting crowd was gearing up for a booming 2020 sailing season. Then the coronavirus happened.

If you were one of the lucky Americans to own a yacht before the coronavirus shut down the country, you were probably on the water.

In the first three months of the year, the average yacht sailed farther than the year before, according to an NBC News analysis of MarineTraffic boat-location data of 514 U.S.-flagged yachts at least 90 feet long.

For the billionaire David Geffen , that meant sailing around the South Pacific on Rising Sun, his longer-than-a-football-field superyacht, which includes another boat, the Rising Sun Cat, which docks inside. Like-minded superyacht owners followed suit, ditching the perils of sheltering at home — customer limits at grocery stories and trading designer clothes for toilet paper , among other struggles — for life at sea.

But after President Donald Trump declared a national emergency on March 13 , ship travel plummeted. What looked like a big season ahead for the yachting crowd turned anything but as the coronavirus spread, shelter-in-place orders were issued and island coastal borders were tightened.

Superyachts are generally at least 90 feet long, according to several superyacht club managers in Florida. The vessels typically have a paid crew on board and come with multiple bedrooms and lounging areas.

“You know it when you see it,” said Enrique Quintero, the general manager at the superyacht club Prime Marina in Miami.

For superyacht owners, the go-to spots before the national emergency declaration were the Florida Keys, the Bahamas and the Caribbean: paradises that had little-to-no confirmed coronavirus cases and were still mostly open. Yachting season for the region was at its peak for the year, with nearly 65 superyachts stretched throughout the region. After Trump’s declaration, four-fifths of the ships set sail for the U.S. At the same time in 2019, there were three times as many U.S.-flagged yachts in the Caribbean.

As states began to issue stay-at-home orders and the country ground to a halt, the yachting season became less about leisure and more about finding somewhere to shelter in place.

“A lot of people had that idea that, ‘Oh, I'm going to jump on my boat’”

Phil Brassington, a Florida-based shipwright who specializes in long-term sailing equipment, has worked late nights and weekends since February to keep up with increased customer demand. Though some of his customers made it to sea, several puttered out around the Keys, stuck stateside because of travel restrictions . From yacht shipwrights to yacht salesmen, work in the industry has picked up as affluent customers come calling.

“I've been very busy, because as COVID-19 unfolded, a lot of people had that idea that, ‘Oh, I'm going to jump on my boat and leave,’” Brassington, who has lived with his wife and two children on their catamaran for the last few years, said.

Covid Tracker These states have the most coronavirus cases. See the day-by-day breakdown.

Among those eager to escape the pandemic was Brian Harmon, 57, a retired restaurateur and chef. As coronavirus case numbers began to ramp up in mid-March, Harmon made plans to leave the mainland on his catamaran, Salty Dreams.

“I was not going to participate in the insanity,” said Harmon, who lives on Florida’s mainland when he’s not sailing. “So I decided that I thought the best way to a quarantine would be to hop aboard Salty Dreams and get off land.”

Within a week he had built a crew solicited from an online sailing forum and had cast off for the Florida Keys. In the weeks since, he’s spent most of his time fishing, tinkering with the boat and watching “Peaky Blinders”on Netflix when there’s an internet connection. His crew consists of a married couple from upstate New York in it for the experience. The wife, an attorney, works by phone whenever she can and the husband is often away on Harmon’s dinghy exploring.

In mid-April, after a month or so at sea, Harmon was out of groceries and had to turn around as popular islands in the Keys restricted travel. At Key West, the dockmaster held onto Harmon’s driver’s license while he deboarded for an hour to get gas and groceries. At Marathon, he wasn’t allowed to leave his boat at all. The inconsistency and lack of freedom drove him to turn Salty Dreams around for a slow-paced float back to mainland Florida.

Despite droves of boats such as Salty Dreams sailing home, yacht salesmen are keeping busy, according to Michael Costa, a salesman based in California. His company, SeaNet , deals in selling whole yachts and shares of yachts, akin to a timeshare.

In the past few weeks, he’s seen an increase in families drawn to the fractional ownership program, which has a price tag starting at $250,000. Most customers, Costa said, are interested in weekend getaways.

“I think that people are looking at private yachting as a very interesting alternative in this environment,” Costa said. “People are rethinking their vacation trips to Europe or having to travel long distances as it relates to getting on a plane.”

Ports close, add restrictions

Most islands in the Caribbean, such as the Bahamas and the U.S. Virgin Islands have implemented restrictions similar to those in the Florida Keys, allowing few ships out and fewer in. Yachters have been left with two options: shelter-in-place until the waters open or retreat stateside.

The island clusters are gathering spots for a majority of superyachts outside the U.S. After seaports began closing in the Florida Keys in late March, many superyachts set sail toward islands in the Caribbean, which started closing soon after.

Bahamian Prime Minister Hubert Minnis sent in warships from the Royal Bahamas Defense Force in early April to prevent unauthorized ships from traveling the islands without written permission.

For Katie Gasper, 39, who has been living at sea for years with her husband and 11-year-old son aboard a 65-foot yacht, the crackdown meant staying put.

Gasper, a former physician assistant and current stay-at-yacht mom, and her family were in the U.S. Virgin Islands in mid-March, a day after the Islands confirmed its first coronavirus case. If it weren’t for prior docking reservations, the family wouldn’t have been allowed in .The island’s shelter-in-place rules are similar to those stateside: Nonessential businesses have temporarily closed, restaurants are limited to takeout and delivery, and gatherings of more than 10 people are prohibited.

COVID TRACKER Map of how many coronavirus cases have been confirmed across the country

They’re still allowed to travel on land throughout St. Thomas, but the limitations have started to bite at their day-to-day schedule. Since March, their typical day isn’t that different than before the pandemic: biking, homeschooling, board games and yoga. Gasper said the most uncomfortable difference is the lack of human contact.

“We don't really hang out with people,” Gasper said. “Drinking at sundown is a really big thing for sailors. We've done it only once in the past three or four weeks with friends of ours that are an older couple. We just sat 6 feet apart from each other on the dock getting drunk.”

The Gaspers are staying put until further notice, postponing a loosely planned trip that would have taken them through the Panama Canal and toward Australia, where Gasper’s husband dreamed of staying for a few months. She said the family feels safer docked in the islands than they would stateside, largely because of the distance between themselves and coronavirus hot spots.

The port they’re docked in, Charlotte Amalie, had been crowded for weeks, Gasper said. But after the island’s social distancing measures went into effect, the superyachts cleared out and headed for Florida’s beaches, which Gov. Ron DeSantis opened portions of two weeks later .

“It was kind of just like business as usual here,” Gasper said. “A lot of the megayachts were coming and going and partying. Now many of the boats are returning to the U.S. prematurely. They're either sailing up there or being shipped on freighters up there. It's emptied out quite a bit.”

Hollywood billionaire David Geffen has been self-isolating on his superyacht in the Caribbean during the coronavirus pandemic. Take a look at the $590 million yacht.

• Billionaire David Geffen is in the hot seat for a "tone-deaf" Instagram post about isolating on his yacht, Rising Sun, in the Caribbean, The Guardian reported .
• Geffen reportedly paid $590 million for the yacht, which previously belonged to Oracle founder Larry Ellison .
• Rising Sun is something of a playground for the rich and famous, as Geffen has been known to host celebrities like Oprah Winfrey and Leonardo DiCaprio on board.
• Amazon CEO Jeff Bezos was spotted on the superyacht last summer.
• Visit Business Insider's homepage for more stories .

Billionaire and entertainment mogul David Geffen is in the hot seat this week for a "tone-deaf" Instagram post about isolating on his $590 million yacht in the Caribbean during the coronavirus pandemic, The Guardian reported .

On Saturday, Geffen posted photos showing his  superyacht, Rising Sun, in the Grenadines with the caption, "Sunset last night. Isolated in the Grenadines avoiding the virus. I hope everybody is staying safe." The backlash on Twitter was prompt, with people calling his post "shameful" and out of touch, reported Business Insider's Katie Warren . He appears to have since  deactivated his Instagram .

It's the same yacht that  Amazon CEO Jeff Bezos was spotted on in the Balearics, Spain, last summer. In a photo posted to Geffen's Instagram , Bezos was seen with his girlfriend, Lauren Sanchez; the supermodel Karlie Kloss; and former Goldman Sachs CEO Lloyd Blankfein.

But Bezos and crew aren't the first to cruise the high seas with Geffen, who appears to love hosting celebrities, musicians, and actors. Leonardo DiCaprio, Bradley Cooper, Oprah Winfrey, and Barack and Michelle Obama have also previously kicked back on Geffen's 400-foot-plus superyacht. 

Here's a look at Rising Sun — and the big names who have been on board.

The entertainment mogul David Geffen, founder of DreamWorks, SKG, Asylum Records, Geffen Records, and DGS Records, owns Rising Sun. According to Forbes, he's worth an estimated $7.8 billion.

Source : Forbes

The 454-foot megayacht was originally built for Oracle founder Larry Ellison. Geffen bought a half-share in 2007 and the other half in 2010, totaling $590 million.

Source :  Forbes

The exact value of the superyacht is unclear. However, a 2019 put its value at $300 million.

Source : Yacht Harbour

Rising Sun was constructed by the German shipbuilder Lurssen. Once Geffen became owner, he had the yacht refitted over a six-month period.

Source : Boat International

The yacht can accommodate 18 guests and a staff of 55 people. It even has a basketball court.

The top deck is dedicated entirely to the owner and includes a double-height cinema.

Geffen has cruised everywhere from St. Bart's and the Tobago Cays in the Caribbean to Portofino, Italy, and Ibiza, Spain, according to posts Business Insider previously viewed on his now-deactivated Instagram — but not without a few friends.

Rising Sun is a great place for entertaining. A scroll through Geffen's Instagram feed before it was deleted showed that he's hosted many a celebrity guest on board.

Oprah Winfrey, Bradley Cooper, Orlando Bloom, Katy Perry, Chris Rock, Bruce Springsteen, Mariah Carey, Leonardo DiCaprio, and Tom Hanks have all joined Geffen in cruising the high seas, according to now-deleted Instagram posts.

♥️ happiness entrepreneurs ♥️ A post shared by KATY PERRY (@katyperry) on Jul 28, 2019 at 8:57am PDT Jul 28, 2019 at 8:57am PDT

Source : Business Insider , GQ

But Geffen doesn't just invite actors and musicians on board. In 2017, Barack and Michelle Obama were spotted on board while the yacht was in French Polynesia.

Source : Business Insider

And in summer 2019, Amazon CEO Jeff Bezos, investment banker Lloyd Blankfein, and supermodel Karlie Kloss were spotted aboard in the Balearics in Spain.

But Geffen likely won't have any friends on board anytime soon during the coronavirus pandemic.

On Saturday, he posted a photo to his Instagram from Rising Sun. The caption read: "Sunset last night. Isolated in the Grenadines avoiding the virus. I hope everybody is staying safe."

Twitter lit up with backlash, with people calling his post "shameful" and out of touch. Geffen then deleted his Instagram.

—Robby Starbuck (@robbystarbuck) March 28, 2020

Source : Twitter

While the combined $590 million that Geffen spent to buy Rising Sun is an astronomical figure, it pales in comparison to the world's most expensive yacht. That title goes to the Russian billionaire Roman Abramovich's yacht Eclipse, which is estimated to be worth anywhere from $600 million to $1.5 billion.

Source: Business Insider

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Inside The Rising Sun: David Geffen's $590 Million Superyacht

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Details of the yacht, interior and exterior details, the rising sun’s onboard comfort and entertainment.

Billionaire and entertainment mogul David Geffen reportedly purchased the superyacht for $590 million from the Oracle founder Larry Ellison. It was reported that wealthy people love spending money on yachts, and about 88% of the luxury market can be associated to spending on yachts. For this reason, it is not at all surprising that billionaires are spending so much money buying yachts . Yachts can be considered as the pinnacle of luxury and decadence and about $22 billion annually are spent on Yachts by the wealthy people. The Rising Sun has hosted numerous famous celebrities including American talk show host Oprah Winfrey and Academy Award winner Leonardo DiCaprio on board and even Amazon founder Jeff Bezos was seen hanging out in the superyacht.

Geffen has cruised everywhere using the Superyacht from St. Bart's in the Caribbean to Portofino to Italy and even Ibiza, Spain. He loves travelling using his yacht but not without his friends and some high profile celebrities. Among the guests in his massive yacht are Julia Roberts, Maria Shriver, Steven Spielberg, JJ Abrams, Karlie Kloss, Peter Harrington-Cressman, Paul McCartney and even Michelle and Barack Obama. Take a look inside the majestic yacht of Geffen.

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https://www.pinterest.ph/pin/205054589254118565/

The Rising Sun is a motor yacht which was designed by Jon Bannenberg and was built and constructed in 2004 by German shipbuilder Lürssen. The yacht reportedly costs $200 million to build. The yacht was built at Lürssen’s Bremen shipyard for the founder and CEO of Oracle Corporation, Larry Ellison. It was delivered to Ellison in June 2004. Since 2010, David Geffen has owned the yacht. Geffen bought half of the share of the 454-foot megayacht in 2007 and decided to buy the yacht in full in 2010 which totaled his payment for $590 million. The exact estimated value of the yacht is still unclear but as of 2019, the yacht was valued for $300 million. After Geffen bought it, he had the yacht refitted in the period of just six months.

The motor yacht has a tonnage of 7,841 GT and has a length of 138 m that is about 452 ft 9 in. It utilizes the installed power of the diesel engine of 4 × MTU 20V 8000 M90 with 36,000 kW. It also has 4 propellers as its propulsion and has the speed of 28 knots that can comfortably run at the speed of 26 knots but can run at the maximum speed of 30 knots. It was built with steel hull and an aluminum superstructure that includes a teak deck. It also features an anchor stabilizer which provides the people on board an exceptional comfort. Unlike some other luxury yachts, the Rising Sun is not available for private charter.

https://www.pinterest.ph/pin/532058143448158436/

The superyacht has about eighty two rooms and has the ability to accommodate about 18 guests and 55 staff and crew members. The eighteen guests can comfortably stay in the nine suites at the yacht which can ensure a relaxed luxury yacht experience . The massive yacht even has a basketball court on board. The top deck is entirely dedicated to the owner which includes a double-height cinema. Aside from the basketball court, there is also a wine cellar and a movie theater which can be found among the eighty two rooms of the yacht.

The interior design of the yacht was designed by design house Seccombe Design. The exterior design on the other hand was designed by Bannenberg & Rowell and was refitted in 2011 after David Geffen has requested for it. The builders of the Rising Sun have experimented with the extensive use of some structural glass that gives off a clean and stripped-down profile for the yacht. This includes the builders extensively working on the engineering and systems of the yacht. The exposure of the yacht’s structure is one of the overarching themes in the superyacht’s design.

https://www.pinterest.ph/pin/400961173065183662/

There is a reason why a lot of famous celebrities and public figure enjoy hanging out at the superyacht. For the added comfort and entertainment, there is a sauna, underwater lights, beauty salon, elevator and gym at the superyacht. It offers the luxuries of the land space on a secluded area which gives them the privacy that they need. The general arrangement of the layout of the Rising Sun has given the guests spacious cabins which have a direct access to the exterior side decks of the yacht. With the use of the 45-degree indents in the yacht’s superstructure, the guests are also protected from the weather.

The yacht has so much space that the guests can roam around and just party. The top deck was designed entirely for the owner’s entertainment. The guests can also enjoy the double-height cinema which was embedded just like the stone of the avocado.

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Sources: Business Insider , Luxury Launches , Yacht Charter Fleet , Boat International