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Femi Otedola hires yacht for $9m to mark birthday with family including Mr Eazi (VIDEO)

Nigerian billionaire Femi Otedola is 60 years old and he is marking it large in a billionaire style.

The business mogul has hired the popular Christina O super yacht which reportedly costs $3m per week. According to DJ Cuppy, daughter of the Nigerian billionaire, her father has hired the yacht for three weeks.

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In a post shared on her social media pages, Cuppy said her father hired the yacht because it once belonged to Greek billionaire, Aristotle Onassis, who is his role model.

Christina O is the world’s 59th largest yacht as of 2022. The superyacht comes at a hefty six-figure per week charter cost, has 17 staterooms, a 40-person dining room, hot tub, piano and a swimming pool that can be covered and converted to a dance floor.

With 37 crew members, the yacht will sail around the Mediterranean Sea for the three weeks.

" My father @FemiOtedola always dreamt as a little boy to visit the iconic 99m super-yacht CHRISTINA O because it was owned by his (and my) role model Aristotle Onassis

To celebrate his 60th, not only did he visit the yacht, but has chartered it for his loved ones so we can live here for the next 3 weeks! Looking at my father I can see how happy, accomplished, and still in disbelief he is. This is what love looks like #FamilyFirst

Chase your dreams, you never know," she wrote. Otedola's family has already boarded the yacht. In the video shared by Cuppy, Nigerian singer, Mr Eazi, who is dating Temi Otodeloa, one of the daughters of the billionaire, was also spotted cruising with the family.

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Nigerian billionaire Femi Otedola celebrates 60th birthday on $750,000-a-week yacht owned by Aristotle Onassis

Nigerian billionaire Femi Otedola is celebrating his 60th birthday on the French Riviera aboard the 99.13-meter-long Christina O Yacht, once owned by the late Greek shipping tycoon Aristotle Onassis.

Otedola’s daughter, Ifeoluwa, who goes by the moniker “DJ Cuppy” posted videos on her Instagram page on Wednesday showing the energy tycoon, his wife, and children celebrating at a private, intimate soiree off the Italy coast on the yacht, which has a rich history and has hosted some of the world’s most historic figures.

Femi Otedola is paying a pretty penny for chartering the yacht — an estimated $3 million. According to private sources who spoke to Billionaires.Africa, Otedola is renting the vessel for three and a half weeks at a cost of €750,000 ($745,000) per week plus extra taxes and handling fees, bringing the total expenses to €3 million ($2.97 million). He also bought out an earlier charterer for the right to use the yacht during his birthday week.

Plying the seas first as a World War II Canadian frigate and then as a private luxury vessel starting in 1954, the Christina O is a piece of floating history. Aristotle Onassis purchased the vessel in 1954 and named it after his daughter Christina. When Onassis married Jacqueline Bouvier Kennedy, widow of the late U.S. President John F. Kennedy in 1968, the couple held their reception on the Christina O. The yacht would go on to host such famous guests as former British Prime Minister Winston Churchill and Franklin Roosevelt, Jr.

With a line of chaise loungers, an alfresco dining and bar setup, a spacious promenade deck with an aft spa pool, and an impressive main deck, where the Onassis’ swimming pool sits with its renowned Minoan bull and vaulter mosaic alongside a dance floor, Christina O offers a plethora of options for lounging and socializing.

For Otedola, chartering the Christina O to commemorate his diamond jubilee is symbolic. In a past interview with Forbes magazine, Otedola revealed that the late Greek shipping tycoon had been his role model since he was 13. Otedola is also known to possess a large collection of Aristotle Onassis memorabilia such as books, movies, and documentaries at his homes in Nigeria, London, Dubai, Monte Carlo, and London. In modeling parts of his life after Onassis, in 2001 – at the age of 39, Otedola founded Seaforce Shipping Company Limited and built it into Nigeria’s largest indigenous shipping company. Between 2001 and 2007, Otedola was the largest private shipowner in Nigeria, owning a tanker fleet that included Mt. Sir Michael (named after his father), Mt. Lady Doja (named after his mother), Mt. Nana (named after his wife) and Mt. Zenon Conquest. He also served as the President of Nigeria Chambers of Shipping./

Otedola has since divested from his interests in the shipping business and is now channeling his energies towards fixing Nigeria’s electricity deficit. Today, he is the chairman of Geregu Power PLC, a power-generating company that made history in the month of October by being the first electricity generating company to list on the Nigerian Stock Exchange. Geregu Power has three STG5-2000E gas turbine generator units with a 435 MW installed capacity, and the company has been shortlisted by the Nigerian government to acquire a second plant currently owned by the government with a generating capacity of 729 MW. Otedola owns a 95-percent stake in the $650-million (market cap) company. He also owns an estimated six-percent stake in FBN Holdings, one of Nigeria’s largest financial services groups.

Aristotle Onassis also largely shaped Otedola’s outlook on philanthropy. The Greek businessman, who left instructions in his handwritten will for the establishment of a charitable foundation in memory of his son – the Alexander S. Onassis Public Benefit Foundation – also inspired Otedola in his charitable givings. Otedola, one of Nigeria’s most generous philanthropists, has given away more money to philanthropic causes than any other Nigerian billionaire, except Aliko Dangote, over the last twenty years. In November 2019, during an event in Abuja that was graced by Nigerian Vice President Yemi Osinbajo , Femi Otedola donated a record NGN 5 billion – roughly $14 million at the time – to Save the Children, a UK non-governmental organization. The funds have gone a long way towards improving the lives of destitute children who have victims of a lingering humanitarian crisis in Nigeria’s northeast region. In November last year, he was invited by Save the Children to join the prestigious group as the organisation’s vice president, in recognition of his philanthropic efforts to better the lives of children in Nigeria. In 2020, he also donated $2.27 million toward COVID-19 relief efforts and last year he built and donated a $4.7 million complex to the Engineering department of Lagos-based Augustine University. He is also the Chancellor of Augustine University, and has sponsored scholarships for Nigerian students for two decades.

In 2019 when local media inquired about his motivation for donating the NGN 5 billion to Save the Children U.K, Otedola said : “In my life, in my journey, I have taken the risk, I have done the chase, I have enjoyed the thrill, I have achieved success and recognition. What next? You give it back. A lot of people think when they die they’ll take their money with them. We’ll see.”

Otedola has also gained acclaim for funding the exorbitant medical bills of some of Nigeria’s most prominent personalities. In 2019 he paid over $50,000 for the treatment of former Super Eagles captain and coach Christian Chukwu in London. Otedola also paid over €130,000 to save star actor Victor Olaotan at a hospital in Turkey, and footed the bills of Reggae super star Majek Fashek when he was battling neck and throat cancer at a London hospital. Other people who have benefited from Otedola’s generosity in a similar regard include Super Eagles former goal keeper Peter Fregene, award-winning actor Sadiq Daba, Professor Ini Ebong and celebrated romance writer Kayode Ajala among many others. On various occasions, some of the recipients of Otedola’s generosity were unable to reach him to thank him for his generosity and thereby opted to make videos which they put up in the public domain with the hopes that he would see them.

Born on Nov. 4, 1962 to the family of Sir Michael Otedola, one-time governor of Lagos State, Femi Otedola worked for his father’s Impact printing press in the early nineties and then went on to establish Centerforce Limited, a finance and investment company.

In 1999, he founded Zenon Petroleum & Gas Limited, an indigenous company that engaged in the procurement, storage, marketing, and distribution of petroleum products. At some point, Zenon Petroleum controlled more than 90% of the diesel supply business in Nigeria for nine years. In 2007, he acquired a controlling stake in the government-owned African Petroleum Plc which operated gas stations across the country. He grew the company into one of the largest publicly-traded downstream oil companies in Sub-Saharan Africa at the time. At some point, he was also one of the largest private owners of real estate in the swanky Victoria Island and Ikoyi neighborhoods in Lagos and owned some of the most prestigious commercial landmark properties in Abuja.

In 2008, his stake in African Petroleum was worth over $1.2 billion, and that same year, he became the second Nigerian, after Aliko Dangote, to be included in Forbes magazine’s annual ranking of the world’s billionaires. At 46, he was the youngest African billionaire on the Forbes list at the time. Otedola subsequently renamed his company Forte Oil (FO) to match his name, and in 2013, he led the company to acquire a 414-gigawatt power-generating plant from the Nigerian government during a government-led privatization round. In 2018, he unbundled the power assets of Forte Oil and created a separate company, Geregu Power, which he controls today. That same year, he sold off Forte Oil’s downstream businesses for hundreds of millions of dollars to a leading oil distribution firm in Nigeria.

At 60, Femi Otedola is one of Nigeria’s most influential power players. In 2010, he played a crucial role in encouraging the then Vice-President Goodluck Jonathan to assume the presidency when President Umaru Yar’Adua became incapacitated. He still remains one of the more colorful personalities in Nigerian business and social circles. And that popularity spills into social media. In 2020, he ‘broke the internet’ in Nigerian media when his daughter, DJ Cuppy, announced that he had purchased a Ferrari Portofino for each of his three daughters. With 1.4 million followers on Instagram, Otedola is social media royalty in Nigeria, and he gives quite a show: From a video where he is dancing with his daughters , to another where he is dancing with his wife during her birthday celebrations in London, to a picture where he is hosting his daughter and her fiance at his Dubai villa – and yet another where he is just chilling in Monte Carlo, where he also has a home – every single post he makes on Instagram goes viral and generates buzz in Nigerian media circles, and gets Nigerians young and old, longing for the good life.

Like the late Greek shipping tycoon Aristotle Onassis, Nigerian billionaire Femi Otedola was a mega-player in global shopping. These were some of the tankers that he owned and operated:

Omokolade Ajayi

Omokolade Ajayi is a financial reporter at Billionaires.Africa. Previously, he worked as a journalist at Nairametrics. Omokolade is a seasoned financial analyst and reporter with in-depth knowledge of and expertise in equity markets, and financial and economic analysis. He has a degree in economics and is a certificate holder of the CFA Institute’s Investment Foundation Program.

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Femi Otedola rents yacht off French Riviera for an estimated $3 million to celebrate diamond jubilee

Odetola is celebrating in grand style on the french riviera in a 99.13-meter-long yacht.

Femi Otedola, Founder of Zenon Petroleum

Femi Otedola, billionaire energy tycoon and one of the richest men in Nigeria, turns 60 today and is celebrating it in grand style on the French Riviera in a 99.13-meter-long Yacht, Christina O, formerly owned by the late Greek shipping magnate, Aristotle Onassis.

For Otedola, celebrating in the luxury Yacht is a dream come through because Onasis has been his mentor from when he was just 13, he revealed to Nairametrics.

There lies the symbolism of the billionaire’s cruise on the storied Yacht said to have been purchased by Onasis in 1954 for $34,000.

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The Christina O Yacht: The famous Yacht, Christina O, is a private motor yacht that originally belonged to millionaire Greek shipowner Aristotle Onassis, who purchased it in 1954 for $34,000. During the late 1950s, he hosted star-studded parties on board after lengthy and costly restorations. She is the 59th largest yacht in the world as of 2022, measuring 99.13 meters in length.

The yacht is luxury redefined, as it boasts of alfresco dining and bar, chaise loungers, a spacious promenade deck with an aft spa pool, the main deck, a swimming pool, Minoan bull and vaulter mosaic, and a dance floor. 2,250,000 Otedola rented the yacht for three and a half weeks for €750,000 ($745,000) per week, including taxes and fees, for a total cost of about $3 million.

Otedola was inspired to rent the yacht because he had viewed Aristotle Onassis as a role model since his teenage years and even held a vast collection of Aristotle Onassis memorabilia such as books, movies, and documentaries.

The yacht has hosted famous guests such as former British Prime Minister Winston Churchill and Franklin Roosevelt.

About Femi Otedola: On November 4, 1962, in Ibadan, Femi Otedola was born into the family of the late Sir Michael Otedola, who served as governor of Lagos State from 1992 to 1993. Femi Otedola led an audacious takeover of the former African Petroleum, in what later became Forte Oil Plc. That company has Femi Otedola is a former chairman of Forte Oil Plc. Now Adrova Plc and a businessman. In addition, he founded Zenon Petroleum and Gas Ltd. and other companies in the maritime, real estate, and financial sectors.

Business interests:  He founded Zenon Petroleum and Gas Ltd, a marketing and distribution business for petroleum products, in 2003. In 2004, he invested N15 billion in the construction of downstream infrastructure as the owner and chairman of Zenon and purchased a storage depot.

By 2005, Zenon held a significant portion of the Nigerian diesel market and supplied fuel to majority of the nation’s largest manufacturers, which include Dangote Group, Cadbury, Coca-Cola, etc.

Otedola was appointed chairman and CEO of Africa Petroleum in 2007, after purchasing a controlling interest in the company. In 2010, the name was changed to Forte Oil, and in 2020, Adrova Plc.

Personal worth: With an estimated net worth of $1.8 billion, Otedola joined Aliko Dangote as the second Nigerian to be listed on the Forbes list of dollar-denominated billionaires in March 2009. The billionaire also founded CentreForce Ltd. in 1994, with a focus on trading, investing, and finance. Additionally, the Swift Insurance Company was founded.

Otedola is the chief executive and president of SeaForce Shipping Company Ltd., where he got the title of Nigeria’s largest ship owner. He was made a non-executive director of Transnational Corporation of Nigeria Plc Transcorp) in January 2006. Transcorp is a multi-sector conglomerate founded in 2004 by former president Olusegun Obasanjo to take advantage of market opportunities that required significant capital investment in Nigeria and other countries in Sub-Saharan Africa.

Otedola has made several real estate deals, notably Zenon’s N2.3 billion purchase of Stallion House in Lagos in February 2007.

He has served as a member of the Nigerian Investment Promotion Council (NIPC) since 2004 and was appointed to join Nigeria’s National Economic Management Teamkn 2011. In October 2021, he was declared the largest single shareholder (5.07%) of First bank PLC

His latest investment is in Geregu Power Plc, one of Nigeria’s major power generation companies (Genco).

Family: Femi Otdeola is married to Nana Otedola and has four children – Tolani, Florence Ifeoluwa aka DJ Cuppy, Elizabeth Temi, and Fewa.

Ngozi Ekugo

A high-performing labour market analyst/ talent acquisition specialist providing research on labor availability, labour migration, workplace trends and career development opportunities. Having worked across various sectors such as the recruitment, consulting, investment banking (Goldman Sachs) and the media, both in Nigeria and the United Kingdom, I possess a unique blend of competencies and experience to thrive in any industry.

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VIDEO: Otedola charters N1.4bn super yacht to mark 60th birthday

Nigerian businessman and philanthropist, Femi Otedola has splashed about N1.4bn to rent a yacht. The oil magnate whose 60th birthday is on November 4 has…

Nigerian businessman and philanthropist, Femi Otedola has splashed about N1.4bn to rent a yacht.

The oil magnate whose 60th birthday is on November 4 has decided to celebrate it in a fanciful and expensive way.

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In a viral video, Otedola was spotted with his family and his son-in-law, Mr Eazi, greeting the crew members of a super luxury yacht popularly known as Christiana O, owned by Aristotle Onassis.

According to reports, the rented yacht would be sailing for three weeks with the billionaire alongside his family and friends.

The super yacht, which happens to be the biggest in the world, belongs to one of Otedola’s childhood friends, the late Greek shipping tycoon, Aristotle Onassis, who was once regarded as the richest man in the world.

Otedola is one of the richest men in Nigeria whose wealth comes from the importation of oil. He is also the founder of Zenon Petroleum and Gas Ltd, and the owner of several other businesses across shipping, real estate, and finance.

According to an online report, as of January 2022, it costs €620,000 (about N470 million) to charter the yacht for a week, including tax.

Christina O offers a luxury voyage. Its 38 crew members include two spa therapists. The ship has hosted great presidents and ministers such as John Kennedy and Sir Winston Churchill, as well as celebrities such as Marilyn Monroe and Frank Sinatra.

See the video below:

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Entertainment of Saturday, 5 November 2022

Source: www.ghanaweb.com

Nigerian billionaire Otedola hires private yacht worth $3m a week for 60th birthday

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Nigerian billionaire, Femi Otedola, has been spotted in a Christina Onassis super-luxury yacht with his family to mark his 60th birthday. According to reports, the yacht costs $3 million a week to charter. "The yacht is one of the world’s largest sea vessels and it has been Otedola’s dream to ride in the yacht," the daughter of the billionaire, CuppyMusic wrote on her Twitter page. Otedola was spotted with his daughters, Cuppy Music, Temi and future son-in-law Mr. Eazi while enjoying some meals on the yacht in a viral video. A Facebook user Iyen Na Nice detailed the total worth of the billionaire’s celebration as follows. “The Master suite comprises 5 large spaces including a dining, a walk wardrobe/dressing room, 2 large bedrooms & a restroom. “He flew in 2 Gulfstream private jets alongside his wife & kids from their London residence to Vernice Italy to board the yacht. He added that Otedola and his family will be on board the yacht for a month, he noted in a Facebook post. He also noted that the billionaire will be touring cruising regions of Monaco, Mykonos, Ibiza, St. Barth's, British Virgin Islands, Bahamas, Barbados & Cuba. “The yacht comes with a helipad & a bell 427 helicopter; they'll fly the helicopter from the helipad to the city centers wherever the yacht berths. Asides from paying €750k per week, translating to €3m for the one-month cruise, they'll spend an additional €1m which is $970k on Utilities for the Duration of their Cruise. €3m is about N2.2B, and $970k is about N776m.” “So the billionaire is Splashing N2.9B on his 60th birthday cruise,” he said. According to Forbes, Otedola’s net worth stood at $1.18 billion as of 2016. My father @FemiOtedola always dreamt to visit the super-yacht CHRISTINA O owned by his role model Onassis. And now at 60 he has chartered it for next 3 weeks to share with his loved ones! ????⚓️ This is what love looks like ❤️ #FamilyFirst Chase your dreams, you never know… pic.twitter.com/wbBYGICi1N— Cuppy (@cuppymusic) November 3, 2022 SSD/FNOQ

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Femi Otedola Dines With Family As He Shows Off Exquisite Interior of N2.2bn Birthday Yacht

• Nigerian billionaire businessman Femi Otedola is counting down to spending his birthday on Aristotle Onassis' Christina O super luxury yacht
• The businessman and his family are already aboard the yacht, and they are having a lovely time before his big day
• Otedola shared photos of his wife Nana, DJ Cuppy and her siblings, as well as Temi's fiancé, singer Mr Eazi

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Nigerian billionaire oil mogul Femi Otedola is set to make history with his 60th birthday party on November 4.

He already set the internet on fire by reportedly splurging over N2.2bn to rent Aristotle Onassis' Christina O super luxury yacht that will sail for three weeks on the Mediterranean Sea.

Counting down to his big celebration, Otedola took to his Instagram page with a post of several photos showing off moments with his family.

Beautiful moments as DJ Cuppy shares official photos from Otedola's 60th birthday on N2.2bn yacht

DJ Cuppy, Temi and her fiancé Mr Eazi, Tolani and their brother Fewa were all sighted on the table.

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Otedola's beautiful wife, Nana, was also sighted enjoying herself as the entire family dined and wined.

The businessman used the opportunity to show off views and the interior of the yacht he spent billions on.

See the post below:

"Welcome Aboard the Christina! Are you ready for #FO60 …F.Ote"

Nigerians react to the post

klalaphotography:

"AGE GRACEFULLY SIR @femiotedola."

femiakeusola:

"Ha God Abeg in the name of God ‍♂️"

mc_akinola:

"People will say money is not everything. We know, but poverty too is not everything. Money is good abeg."

peterowoloko:

"Mr.Eazi go fit sing again so?"

raymilliuniverse_:

"Tell yourself I’ll never be poor. But remember you need to work smart."

hussaini_john_fashanu:

"May thunder fire poverty. Money is good ️. Happy birthday my mentor himself ❤️"

“Can your dad adopt me?” DJ Cuppy shares video from Femi Otedola’s 60th birthday party on a yacht, fans react

Nigerians call Mr Eazi the luckiest boyfriend

Mr Eazi trended on Twitter, and this came as no surprise, seeing as the reason was his father-in-law-to-be, Femi Otedola.

The singer, who is now part of the Otedola family, was seen in a video on the N2.2bn yacht the businessman rented out for his 60th birthday .

From indications, Eazi will sail with the family and the entire crew for three weeks on the Mediterranean Sea.

Source: Legit.ng

Maymunah Ajetunmobi (Entertainment Deputy HOD) Maymunah Ajetunmobi is a journalist and the deputy HOD of the entertainment desk with over two years of work experience at Legit.ng. She graduated from the University of Ilorin in 2016 with a Bachelor's Degree in Zoology and has moved on to pursue courses and a degree in communication. Maymunah joined Legit.ng in 2020, and emerged Editor with Top Entertainment Article in 2021. She has written exclusive articles, unique pieces, and interviews. Email: [email protected]

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Entertainment

Otedola charters multi-million luxurious yacht christina o to mark 60th birthday.

Nigerian Billionaire, Femi Otedola is celebrating his 60th birthday aboard the private luxury motor yacht, Christina O.

Gatekeepers News reports that Energy Magnate Otedola was filmed boarding the luxurious yacht which will sail for three weeks around the Mediterranean Sea with 37 crew members.

Christina O is the 59th largest yacht in the world as of 2022 which belongs to billionaire Greek shipping Magnate Aristotle Onassis who amassed the world’s largest privately owned shipping fleet

The yacht’s weekly rental costs $609,000 and Mr Otedola rented the yacht for three weeks summing up to $1,827,000 for his voyage.

The yacht features large, ornate interiors and elaborate luxuries: such as a mosaic swimming pool that, once drained, can be raised to deck level to become a dance floor.

Christina O has a main suite, eighteen-passenger staterooms, and numerous indoor and outdoor living areas, all connected by a spiral staircase.

Aside from other luxury amenities, the yacht also has a bed with Otedola’s initials, FO, inscribed.

Mr Otedola is joined on the cruise by his family and his soon-to-be son-in-law, Oluwatosin Ajibade, aka Mr Eazi.

In a statement, Mr Otedola said the Greek Shipping Magnate who owned the superyacht has been his role model since he was 13 years old, 47 years ago.

He said: “As I mark my 60th birthday in the coming days, I am grateful to God for his continuous blessings and the wisdom he has continued to bestow upon me.

The days leading up to this milestone have been marked by deep reflection, and I’m looking forward to sailing the CHRISTINA O with my family for the next three weeks”.

He joins the elite list of celebrities and sobersides which include Richard Burton, Clementine Churchill, Diana Churchill and Winston Churchill, John F. Kennedy and several others who have enjoyed a cruise on Christina O.

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Femi Otedola rents yacht worth billions of naira for 60th birthday

Nigerian billionaire businessman, Femi Otedola is set to celebrate his 60th birthday on a private luxury motor yacht ‘Christina O’ worth over N2.2bn.

Otedola who will turn 60 on Friday, November 4, reportedly rented the yacht to celebrate with his family and friends.

The superyacht is one of the biggest yachts in the world belonging to billionaire Greek shipping magnate Aristotle Onassis.

Otedola reportedly rented to sail for three weeks on the Mediterranean Sea with family and friends alongside crew members on board.

The weekly rental cost of the yacht, according to Charter World, is €620,000

Counting down to the ‘big day’, Otedola shared pictures of him and his family and also the interiors of the yacht.

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Christina O: 7 Things You Should Know About The Yacht Otedola Hired

As billionaire Femi Otedola celebrates his 60th birthday, he has been joined by his family and loved ones to tour the Mediterranean sea in the Christina O super luxury yacht he rented for N2.2 billion.

In the spirit of his birthday, Otedola hired the super yacht belonging to one of his childhood idols and the late Greek shipping magnate, Aristotle Onassis, who was one of the richest people in the world before passing away.

In a statement cited by  BizWatch Nigeria , Otedola said disclosed that the Greek shipping magnate who owned the superyacht has been his role model since he was 13 years old, which is 47 years ago.

“As I mark my 60th birthday in the coming days, I am grateful to God for his continuous blessings and the wisdom he has continued to bestow upon me.

“The days leading up to this milestone have been marked by deep reflection, and I’m looking forward to sailing the CHRISTINA O with my family for the next three weeks,” the billionaire was quoted as saying.

Below are 7 things you should know about Christina O

• Christina O is a private motor yacht that once belonged to billionaire Greek shipowner Aristotle Onassis.
• She is the 59th largest yacht worldwide as of 2022, measuring 99.13 metres long.
• The boat initially served as a Canadian anti-submarine River-class frigate called HMCS Stormont, launched in 1943.
• Onassis purchased the Stormont after the end of World War II, as it was one of the many surplus naval vessels.
• Purchasing the ship at a scrap value of US$34,000, Onassis then spent an additional $4 million to convert the vessel into a luxurious superyacht named after his daughter Christina.
• The yacht features large, ornate interiors and elaborate luxuries: such as a mosaic swimming pool that, once drained, can be raised to deck level to become a dance floor.
• Christina O has a main suite, eighteen-passenger staterooms, and numerous indoor and outdoor living areas, all connected by a spiral staircase.

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At Least 1 Dead and 6 Missing After Yacht Sinks Off Sicily

Fifteen other people were rescued. Expert divers were called in to carry out search operations in the deep water. Among the missing was a British software mogul, Mike Lynch.

By Elisabetta Povoledo

At least one person was killed and six others, including a British software mogul, were missing on Monday after a sailing yacht carrying 22 people sank during a violent storm off the coast of Sicily, Italian officials said.

The yacht sank after a storm “with strong winds” struck around 5 a.m., according to Luciano Pischedda, the Italian Coast Guard official overseeing the rescue operations. The vessel had been anchored about a half-mile off Porticello, about 12 miles east of the Sicilian capital, Palermo.

Camper & Nicholsons, managers of the sailing yacht, said in an emailed statement that there were 12 guests and 10 crew onboard.

The authorities have yet to determine what caused the yacht to sink. “This will be ascertained later,” Mr. Pischedda said, adding that several crew members were in the hospital and had not spoken to investigators.

Among the dead and missing, four were British, two were American, and one was a man with dual citizenship from Canada and Antigua, he said.

One of those unaccounted for is Mike Lynch, a British software mogul who was acquitted in the United States in June of fraud, according to a person with knowledge of the matter who spoke on the condition of anonymity because they were not authorized to speak publicly about it.

His wife, Angela Bacares, was rescued. Mr. Lynch, who once was described as Britain’s Bill Gates, had fought for more than a decade against accusations that he had defrauded Hewlett-Packard when he sold it his company, Autonomy, for $11 billion. The legal battle represented one of the biggest fraud cases in Silicon Valley history.

Salvatore Cocina, a top official with Sicily’s civil protection agency, said that Mr. Lynch’s daughter, Hannah Lynch, was also among the six people missing. All were passengers on the yacht, the Coast Guard said.

Mr. Cocina said the body that had been recovered was that of the yacht’s cook.

A passenger ship sailing under the flag of the Netherlands, the Sir Robert Baden Powell, anchored nearby, provided immediate assistance to the 15 surviving passengers, Mr. Pischedda said.

Karsten Börner, the captain of the Sir Robert, said in a telephone interview said he had to steady his ship to “keep it in position” during what he described as very strong winds. During the storm, the yacht seemed to disappear, he said. “At a certain moment she was gone behind us,” he said.

After the wind dropped down, “we couldn’t see the yacht any more, and then we saw a red flare,” he added. When he and a colleague went to check out the flare’s position, they spotted a “life raft adrift with 15 people on board, one of them a baby and four people injured,” he said. They were taken aboard the Sir Robert and Captain Börner contacted the Coast Guard, which brought the survivors to shore.

Captain Börner said he didn’t know when the ship went down because the storm made it difficult to see clearly. The wind was “really violent,” he said.

For the most part, the survivors didn’t speak much he said. “They were all under shock,” he said. “It was a bad, bad situation.”

Monday’s storm surprised experts with its intensity.

Col. Attilio Di Diodato, director of the Italian Air Force’s Center for Aerospace Meteorology and Climatology, said the agency had registered intense lighting activity and strong gusts of wind in the area at the time of the accident.

“It was very intense and brief in duration,” he said of the storm. He could not rule out that it had been a waterspout, or small tornado, but nevertheless called it “an important event.”

Italy’s firefighter corps said that its divers had started carrying out a search and rescue mission at dawn.

On Monday afternoon, expert divers with the firefighter corps arrived in Porticello to search the sunken vessel, which was under about 165 feet of water.

Operations at that depth, were “complicated,” and required specialized divers, said Luca Cari, a spokesman for the firefighters.

Fabio Cefalù, a fisherman in Porticello, told the Italian newspaper La Repubblica that he saw a waterspout — a sort of mini-tornado — that lasted “about 12 minutes” off the shore of Porticello shortly before 4 a.m.

Around 4:10, he said he saw a red flare go off “about 500 meters from the shore.” He said he waited for the weather to calm down, and went out about 20 minutes later to the site where the flare had gone off.

“We found only the cushions, and a few planks” floating in the water, he told the newspaper. There was no sign of the ship, and he immediately called the coast guard.

The boat, identified by Italian officials as the Bayesian, is an Italian-made 56-meter-long sailing yacht first launched in 2008, according to the website marinetraffic.com , which tracks ships. It sails under the flag of Britain, and was built by Perini Navi, an Italian luxury yacht maker.

Eight of the 15 passengers who were rescued were taken to hospitals in Palermo, the coast guard said. Camper & Nicholsons, the managers of the yacht, said its priority was to “provide all necessary support to the rescued passengers and crew.”

Giuseppe D’Agostino, the mayor of Santa Flavia, which includes Porticello, said the survivors would be cared for at a local hotel. The city had also brought them immediate necessities, like toiletries and clothes.

He said in a telephone interview that he had not spoken to the survivors since “they’re in shock.”

The youngest passenger onboard, a 1-year-old girl named Sophie, was taken to the Di Cristina hospital in Palermo with her mother, Charlotte, who had some scrapes and cuts, said Domenico Cipolla, director of the pediatric emergency room at the hospital.

Sophie’s father was in the hospital’s adult emergency room and had been in contact with his wife and daughter by phone, Dr. Cipolla said. He was not permitted to release the family’s surname. Both mother and child were in good condition apart from “great emotional stress” he added in a telephone interview.

“We’re comforting them more than curing them,” he said.

Michael J. de la Merced contributed reporting.

Elisabetta Povoledo is a reporter based in Rome, covering Italy, the Vatican and the culture of the region. She has been a journalist for 35 years. More about Elisabetta Povoledo

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Latest: British tech giant Mike Lynch among those missing after 56m Perini Navi sailing yacht Bayesian sinks in Italy

According to Reuters, British tech entrepreneur Mike Lynch, once dubbed 'Britain's Bill Gates', is among those missing after the 56-metre Perini Navi sailing yacht Bayesian capsized and sunk off the coast of Palermo, Italy. Lynch is among several people missing. One person has been confirmed dead, according to the Italian Port Authority. 

Live updates:

• A search and rescue is currently underway for six people missing in the waters off Palermo on the Italian island of Sicily. 
• Mike Lynch, a British technology entrepreneur who co-founded Autonomy Corporation and founded Invoke Capital, is among the missing. Lynch’s wife, Angela Bacares, and a one-year-old child are among fifteen people who were rescued.
• Another sailing vessel in the area, the 42-metre Sir Robert Baden Powell ,  is understood to have stepped in to offer assistance in the initial rescue.
•  It is understood that divers have already dived to reach the hull, which lies at 45 metres of depth about half a mile from the coast. The yacht had the largest aluminium masts of any sailing yacht on the water. 
• International media has reported that many of the passengers are British nationals.
• Eyewitnesses in the area reported "hurricane" conditions off the coast but local weather websites did not indicate any severe squall, which suggests that the weather event was not forecast. 
• At around 5am local time on 19 August, Bayesian was hit by bad weather and sunk.  The sailing yacht was anchored or idle at the time of the incident. 

Built in Italy by renowned builder Perini Navi and delivered in 2008, the yacht's naval architecture was developed by Ron Holland Design while the interior design is by Rémi Tessier . She was formerly known as Salute and was last refitted in 2016. She was listed for sale earlier this year, according to BOATPro . The yacht had accommodation for nine guests and 12 crew. 

BOAT International will update the story as it develops.

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Mike Lynch and daughter among six missing after yacht sinks: Everything we know so far about disaster off Sicily coast

One person is confirmed to have died after the British-flagged luxury vessel named Bayesian sank, with 22 people on board. Sky News looks at what we know about the tragedy.

News reporter @samuelosborne93

Tuesday 20 August 2024 02:42, UK

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British tech billionaire Mike Lynch and his daughter are among six people missing after a superyacht sank in a storm off the coast of Sicily - with one person confirmed to have died.

Twenty-two people were on board the vessel, with 15 rescued - including Britons Charlotte Golunski, 35, and her one-year-old daughter Sofia.

Four other Britons and two Americans remain missing, including Mr Lynch and his 18-year-old daughter Hannah, according to Italian media. The entrepreneur's wife was rescued.

Here's everything we know about the sinking of the luxury vessel so far.

Follow live: People missing after superyacht sinks

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time off Palermo, according to ship-tracking site Marine Traffic.

It sank with 22 people on board consisting of 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados which form over water, were seen as powerful winds battered the area overnight, local media said.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at around 10-20mph typically but can reach greater speeds on occasions, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

British tech tycoon Mike Lynch is among those missing.

The 59-year-old owner of the yacht is known as the "British Bill Gates" and has been in the headlines in recent months over a high-profile fraud case.

Read more: ​​​​​​​Lynch's co-defendant dies after being hit by car days before yacht sinking

In June, a US jury cleared him of all charges , which were related to the sale of his software company Autonomy to Hewlett-Packard (HP) in 2011.

HP accused him of deliberately overstating the value of the company before it was acquired by the American technology firm.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges.

He always denied any wrongdoing and was acquitted.

Mr Lynch's wife Angela Bacares is confirmed to be among those rescued.

Who was on board when the boat sank?

The vessel had passengers from Britain, America and Canada, the Italian coastguard said.

Most of those on board the yacht were British, Italian news outlets have reported, claiming the other people were from New Zealand, Sri Lanka and Ireland and British-French citizens.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her.

She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Before working at Invoke Capital, Ms Golunski worked at Hewlett Packard for 11 months and studied history at the University of Oxford.

Eight of those rescued were transferred to local hospitals and all were in stable condition, local media reported.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

Considering the size of the vessel, authorities would have been alerted about the emergency quickly, Mr Schanck said.

He said the time of the incident would have made the search and rescue operation difficult.

"Visibility [would have been hampered] with it being night time or early morning," he said. "Given the fact most people on board would have been asleep down below, the ability for them to get out to safety could have been challenging, especially if the incident unfolded quickly."

What do we know about the vessel?

The Bayesian was known for its unusual 75m (246ft) single mast - one of the world's tallest made of aluminium.

The yacht's name resonates with Mr Lynch because the software that made his fortune was based on a statistical method known as Bayesian inference - based on an 18th century theory, that helps forecasters predict outcomes more reliably.

The yacht was built by Italian company Perini Navi in 2008 and was last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel, which was managed by yachting company Camper & Nicholsons, can accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck said the vessel would have been equipped with "high standard" life-saving appliances and radio communications. He added the yacht would have met all international standards and UK maritime coastguard agency regulations before its voyage.

Keep up with all the latest news from the UK and around the world by following Sky News

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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