Talk about a sea change. These three business titans are
cutting back. According to Fortune contributor David A. Kaplan, the oldest
adage on the sea is that the two happiest days in a sailor's life are the days
he buys his boat and the day he sells it. For three business titans, the days
seem to be getting happier.
In 2009, Tom Perkins, the nonpareil venture capitalist of
Silicon Valley, sold the Maltese Falcon, a 289-foot futuristic Darth
Vader-esque square-rigger. Reported price: $90 million. The buyer: Elena
Ambrosiadou, a European hedge-fund billionaire.
Then, last June, Joe Vittoria -- who made a fortune as head
of Avis Rent a Car when he led an LBO of the company in the 1980s -- unloaded
Mirabella V, the 247-foot sloop with a 292-foot mast that's so tall the yacht
can't fit under the Golden Gate Bridge or through the Panama Canal. Price,
according to industry sources: $25 million. The buyer: Rod Lewis, a billionaire
Texas oil-and-gas tycoon. Now comes the 68-year-old billionaire Jim Clark, the
co-founder of Netscape, Shutterfly and WebMD. He just put his splendid
sailboats, Athena and Hanuman, on the market on the same day….
Read all about it at http://tech.fortune.cnn.com/2012/05/25/yachts/?iid=SF_F_Lead
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