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Who Owns Which Superyacht? (A Complete Guide)

Have you ever wondered who owns the most luxurious, extravagant, and expensive superyachts? Or how much these lavish vessels are worth? In this complete guide, we’ll explore who owns these magnificent vessels, what amenities they hold, and the cost of these incredible yachts.

We’ll also take a look at some of the most expensive superyachts in the world and the notable people behind them.

Get ready to explore the world of superyachts and the people who own them!

Table of Contents

Short Answer

The ownership of superyachts is generally private, so the exact answer to who owns which superyacht is not always publicly available.

However, there are some notable superyacht owners that are known.

For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world.

Other notable owners include Russian billionaire Roman Abramovich and Microsoft co-founder Paul Allen.

Overview of Superyachts

The term superyacht refers to a large, expensive recreational boat that is typically owned by the worlds wealthy elite.

These vessels are designed for luxury cruising and typically range in size from 24 meters to over 150 meters, with some even larger.

Superyachts usually feature extensive amenities and creature comforts, such as swimming pools, outdoor bars, movie theaters, helipads, and spas.

Superyachts can range in price from $30 million to an astonishingly high $400 million.

Like most luxury items, the ownership of a superyacht is a status symbol for those who can afford it.

The list of superyacht owners reads like a whos who of billionaires, with names like Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

While some superyacht owners prefer to keep their vessels out of the public eye, others have made headlines with their extravagant amenities.

Some of the most famous superyachts feature swimming pools, private beaches, helicopter pads, on-board cinemas, and luxurious spas.

In conclusion, owning a superyacht is an exclusive status symbol for the world’s wealthy elite.

These vessels come with hefty price tags that can range from $30 million to over $400 million, and feature some of the most luxurious amenities imaginable.

Notable owners include the Emir of Qatar, Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Who are the Owners of Superyachts?

From Hollywood celebrities to tech billionaires, superyacht owners come from all walks of life.

Many of the most well-known owners are billionaires, including Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Other notable owners include Hollywood stars such as Leonardo DiCaprio and Johnny Depp.

However, not all superyacht owners are wealthy.

Many are everyday people who have worked hard and saved up to purchase their dream vessel.

Other notable billionaire owners include Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and former US President Donald Trump.

These luxurious vessels come with hefty price tags that can range from $30 million to over $400 million.

For many superyacht owners, their vessels serve as a status symbol of wealth and luxury.

Some owners prefer to keep their yachts out of the public eye, while others have made headlines with their extensive amenities – from swimming pools and helicopter pads to on-board cinemas and spas.

Many of these yachts are designed to the owner’s exact specifications, ensuring that each one is totally unique and reflects the owner’s individual tastes and personality.

Owning a superyacht is an exclusive club, reserved for those with the means and the desire to experience the ultimate in luxury.

Whether they are billionaires or everyday people, superyacht owners are all united in their love of the sea and their appreciation for the finer things in life.

The Most Expensive Superyacht in the World

When it comes to superyachts, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, certainly knows how to make a statement.

His luxury vessel, the 463-foot Al Mirqab, holds the title of the world’s most expensive superyacht.

Built in 2008 by German shipbuilder Peters Werft, this impressive yacht is complete with 10 luxurious cabins, a conference room, cinema, and all the amenities one would expect from a vessel of this magnitude.

In addition, the Al Mirqab features a helipad, swimming pool, and even an outdoor Jacuzzi.

With a price tag of over $400 million, the Al Mirqab is one of the most expensive yachts in the world.

In addition to the Emir of Qatar, there are several other notable owners of superyachts.

Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos all own luxurious vessels.

Bezos yacht, the aptly named The Flying Fox, is one of the longest superyachts in the world at a staggering 414 feet in length.

The Flying Fox also comes with a host of amenities, such as a helipad, swimming pool, spa, and multiple outdoor entertaining areas.

Bezos also reportedly spent over $400 million on the vessel.

Other notable owners of superyachts include Saudi Prince Alwaleed bin Talal, who owns the $200 million Kingdom 5KR, and Oracle founder Larry Ellison, who owns the $200 million Rising Sun.

There are also many lesser-known owners, such as hedge-fund manager Ken Griffin, who owns the $150 million Aviva, and investor Sir Philip Green, who owns the $100 million Lionheart.

No matter who owns them, superyachts are sure to turn heads.

With their impressive size, luxurious amenities, and hefty price tags, these vessels have become a symbol of wealth and prestige.

Whether its the Emir of Qatar or a lesser-known owner, the worlds superyacht owners are sure to make a statement.

Notable Superyacht Owners

When it comes to the wealthiest and most luxurious owners of superyachts, the list reads like a whos who of the worlds billionaires.

At the top of the list is the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who holds the distinction of owning the most expensive superyacht in the world.

Aside from the Emir, other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

All of these owners have made headlines with their extravagant vessels, which are typically priced between $30 million and $400 million.

The amenities that come with these vessels vary greatly from owner to owner, but they almost always include luxurious swimming pools, helicopter pads, on-board cinemas, and spas.

Some owners opt for more extravagant features, such as submarines, personal submarines, and even their own personal submarines! Other owners prefer to keep their vessels out of the public eye, but for those who prefer a more showy approach, they can certainly make a statement with a superyacht.

No matter who owns the vessel, it’s no surprise that these superyachts are a status symbol among the world’s wealthiest.

Whether you’re trying to impress your peers or just looking to enjoy a luxurious outing, owning a superyacht is the ultimate way to show off your wealth.

What Amenities are Included on Superyachts?

Owning a superyacht is a sign of wealth and prestige, and many of the worlds most prominent billionaires have their own vessels.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, while other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The cost of a superyacht can range from $30 million to over $400 million, but the price tag doesnt quite capture the sheer extravagance and amenities of these vessels.

Superyachts come with all the comforts of home, and then some.

Many owners will equip their vessels with swimming pools, helicopter pads, on-board cinemas, spas, and other luxury amenities.

The interior of a superyacht can be custom-designed to the owners specifications.

Some owners opt for modern, sleek designs, while others prefer a more traditional look.

Many of the most luxurious yachts feature marble floors, walk-in closets, and custom-made furniture.

Some vessels even come with a full-service gym, complete with exercise equipment and trained professionals.

Other amenities may include a library, casino, media room, and private bar.

When it comes to outdoor amenities, superyachts have some of the most impressive features in the world.

Many yachts come with outdoor entertainment areas, complete with full kitchens, dining rooms, and lounge areas.

Some owners even opt for hot tubs or jacuzzis for relaxing afternoons in the sun.

And, of course, there are the jet skis, water slides, and other exciting water activities that come with many of these vessels.

No matter what amenities a superyacht has, it is sure to be an experience like no other.

From the sleek interiors to the luxurious outdoor features, these vessels provide a unique, luxurious experience that is unrivaled on land.

Whether you’re looking for a relaxing escape or an exciting adventure, a superyacht is sure to provide.

How Much Do Superyachts Cost?

When it comes to superyachts, the sky is the limit when it comes to cost.

These luxury vessels come with hefty price tags that can range from anywhere between $30 million to over $400 million.

So, if youre in the market for a superyacht, youre looking at an investment that could easily break the bank.

The cost of a superyacht is driven by a variety of factors, including size, amenities, and customization.

Generally, the larger the yacht, the more expensive it will be.

Superyachts typically range in size from 100 feet to over 200 feet, and they can be as wide as 40 feet.

The bigger the yacht, the more luxurious features and amenities it will have.

Amenities also play a significant role in the cost of a superyacht.

While some owners prefer to keep their yachts out of the public eye, others have made headlines with their extensive amenities.

From swimming pools and helicopter pads to on-board cinemas and spas, the sky is the limit when it comes to customizing a superyacht.

The more amenities a superyacht has, the more expensive it will be.

Finally, customization is another major factor that will drive up the cost of a superyacht.

Many luxury vessels have custom-designed interiors that are tailored to the owners tastes.

From custom furniture and artwork to lighting and audio systems, the cost of a superyacht can quickly escalate depending on the level of customization.

In short, the cost of a superyacht can vary widely depending on its size, amenities, and customization.

While some may be able to get away with spending a few million dollars, others may end up spending hundreds of millions of dollars on their dream yacht.

No matter what your budget is, its important to do your research and find out exactly what youre getting for your money before signing on the dotted line.

Keeping Superyachts Out of the Public Eye

When it comes to owning a superyacht, some owners prefer to keep their vessels out of the public eye.

Understandably, these individuals are concerned with privacy and discretion, and therefore tend to take measures to ensure their yachts are not visible to outsiders.

For instance, some superyacht owners opt to keep their vessels in private marinas, away from the public areas of larger ports.

Additionally, some yacht owners may choose to hire security guards to patrol and protect their vessels while they are moored or sailing.

In addition to physical security, some superyacht owners also use technology to keep their vessels out of the public eye.

For example, a yacht owner may choose to install a satellite-based communications system that allows them to keep their vessel completely off-radar.

This system works by bouncing signals off satellites rather than transmitting them, making it virtually impossible for anyone to track the yachts movements.

Finally, some superyacht owners also choose to limit the number of people who have access to their vessels.

For instance, the owner may only allow family members and close friends to board the yacht.

Additionally, the owner may choose to employ a limited number of staff to help maintain the vessel and keep it running smoothly.

These individuals may be required to sign non-disclosure agreements to ensure they do not disclose any information about the yacht or its owner.

Overall, while some superyacht owners may choose to keep their vessels out of the public eye, there are still plenty of other ways to show off the opulence associated with owning a superyacht.

From swimming pools and helicopter pads to on-board cinemas and spas, there are many luxurious amenities that can make a superyacht the envy of any jet setter.

Final Thoughts

Superyachts are a symbol of luxury and status, and the list of yacht owners reads like a who’s who of billionaires.

From the Emir of Qatar’s world-record breaking $400 million yacht to Microsoft co-founder Paul Allen’s vessel with a helicopter pad and on-board spa, the amenities of these luxury vessels are truly stunning.

With prices ranging from $30 million to over $400 million, owning a superyacht is an expensive endeavor.

Whether you’re looking to purchase one or just curious to learn more about the owners and their amenities, this guide will provide you with all the information you need to stay up to date with the superyacht scene.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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10 of the most impressive superyachts owned by billionaires

From a sailing yacht owned by a russian billionaire industrialist to the luxury launch of the patek philippe ceo, here are the best billionaire-owned boats on the water….

Words: Jonathan Wells

There’s something about billionaires and big boats . Whether they’re superyachts or megayachts, men with money love to splash out on these sizeable sea-going giants. And that all began in 1954 — with the big dreams of Greek shipping magnate Aristotle Onassis.

Onassis, keen to keep his luxury lifestyle afloat when at sea, bought Canadian anti-submarine frigate HMCS Stormont after World War II. He spent millions turning it into an opulent super yacht, named it after his daughter — and the Christina O kicked off a trend among tycoons. To this day, the world’s richest men remain locked in an arms race to build the biggest, fastest, most impressive superyacht of all. Here are 10 of our favourites…

Eclipse, owned by Roman Abramovich

Built by: Blohm+Voss of Hamburg, with interiors and exteriors designed by Terence Disdale. Launched in 2009, it cost $500 million (the equivalent of £623 million today).

Owned by: Russian businessman Roman Abramovich, the owner of private investment company Millhouse LLC and owner of Chelsea Football Club. His current net worth is $17.4 billion.

Key features: 162.5 metres in length / 9 decks / Top speed of 22 knots / Two swimming pools / Disco hall / Mini submarine / 2 helicopter pads / 24 guest cabins

Sailing Yacht A, owned by Andrey Melnichenko

Built by: Nobiskrug, a shipyard on the Eider River in Germany. The original idea came from Jacques Garcia, with interiors designed by Philippe Starck and a reported price tag of over $400 million.

Owned by: Russian billionaire industrialist Andrey Melnichenko, the main beneficiary of both the fertiliser producing EuroChem Group and the coal energy company SUEK. Though his current net worth is $18.7 billion, Sailing Yacht A was seized in Trieste on 12 March 2022 due to the EU’s sanctions on Russian businessmen.

Key features: 119 metres in length / 8 decks / Top speed of 21 knots / Freestanding carbon-fibre rotating masts / Underwater observation pod / 14 guests

Symphony, owned by Bernard Arnault

Built by: Feadship, the fabled shipyard headquartered in Haarlem in The Netherlands. With an exterior designed by Tim Heywood, it reportedly cost around $150 million to construct.

Owned by: French billionaire businessman and art collector Bernard Arnault. Chairman and chief executive of LVMH, the world’s largest luxury goods company, his current net worth is $145.8 billion.

Key features: 101.5 metres in length / 6 decks / Top speed of 22 knots / 6-metre glass-bottom swimming pool / Outdoor cinema / Sundeck Jacuzzi / 8 guest cabins

Faith, owned by Michael Latifi

Built by: Similarly to Symphony above, also Feadship. With exteriors designed by Beaulieu-based RWD, and interiors by Chahan Design, it cost a reported $200 million to construct in 2017.

Owned by: Until recently, Canadian billionaire and part-owner of the Aston Martin Formula 1 Team , Lawrence Stroll. Recently sold to Michael Latifi, father of F1 star Nicholas , a fellow Canadian businessman with a net worth of just under $2 billion.

Key features: 97 metres in length / 9 guest cabins / Glass-bottom swimming pool — with bar / Bell 429 helicopter

Amevi, owned by Lakshmi Mittal

Built by: The Oceanco shipyard, also in The Netherlands. With exterior design by Nuvolari & Lenard and interior design by Alberto Pinto, it launched in 2007 (and cost around $125 million to construct).

Owned by: Indian steel magnate Lakshmi Mittal, chairman and CEO of Arcelor Mittal, the world’s largest steelmaking company. He owns 20% of Queen Park Rangers, and has a net worth of $18 billion.

Key features: 80 metres in length / 6 decks / Top speed of 18.5 knots / On-deck Jacuzzi / Helipad / Swimming Pool / Tender Garage / 8 guest cabins

Odessa II, owned by Len Blavatnik

Built by: Nobiskrug, the same German shipyard that built Sailing Yacht A . Both interior and exterior were created by Focus Yacht Design, and the yacht was launched in 2013 with a cost of $80 million.

Owned by: British businessman Sir Leonard Blavatnik. Founder of Access Industries — a multinational industrial group with current holdings in Warner Music Group, Spotify and the Grand-Hôtel du Cap-Ferrat — he is worth $39.9 billion.

Key features: 74 metres in length / 6 guest cabins / Top speed of 18 knots / Intimate beach club / Baby grand piano / Private master cabhin terrace / Outdoor cinema

Nautilus, owned by Thierry Stern

Built by: Italian shipyard Perini Navi in 2014. With interiors by Rémi Tessier and exterior design by Philippe Briand, Nautilus was estimated to cost around $90 million to construct.

Owned by: Patek Philippe CEO Thierry Stern. Alongside his Gulstream G650 private jet, Nautilus — named for the famous sports watch — is his most costly mode of transport. His current net worth is $3 billion.

Key features: 73 metres in length / 7 guest cabins / Top speed of 16.5 knots / Dedicated wellness deck / 3.5 metre resistance pool / Underfloor heating / Jet Skis

Silver Angel, owned by Richard Caring

Built by: Luxury Italian boatbuilder Benetti. Launched in 2009, the yacht’s interior has been designed by Argent Design and her exterior styling is by Stefano Natucci.

Owned by: Richard Caring, British businessman and multi-millionaire (his wealth peaked at £1.05 billion, so he still makes the cut). Chairman of Caprice Holdings, he owns The Ivy restaurants.

Key features: 64.5 metres in length / Cruising speed of 15 knots / 7 guest cabins / Lalique decor / 5 decks / Oval Jacuzzi pool / Sun deck bar / Aft deck dining table

Lady Beatrice, owned by Frederick Barclay

Built by: Feadship and Royal Van Lent in 1993. Exteriors were created by De Voogt Naval Architects, with interiors by Bannenberg Designs. She cost the equivalent of £63 million to build.

Owned by: Sir David Barclay and his late brother Sir Frederick. The ‘Barclay Brothers’ had joint business pursuits including The Spectator , The Telegraph and delivery company Yodel. Current net worth: £7 billion.

Key features: 60 metres in length / 18 knots maximum speed / Monaco home port / Named for the brothers’ mother, Beatrice Cecelia Taylor / 8 guest cabins

Space, owned by Laurence Graff

Built by: Space was the first in Feadship’s F45 Vantage series , styled by Sinot Exclusive Yacht Design and launched in 2007. She cost a reported $25 million to construct.

Owned by: Laurence Graff, English jeweller and billionaire businessman. As the founder of Graff Diamonds, he has a global business presence and a current net worth of $6.26 billion.

Key features: 45 metres in length / Top speed of 16 knots / Al fresco dining area / Sun deck Jacuzzi / Breakfast bar / Swimming platform / Steam room

Want more yachts? Here’s the handcradfted, homegrown history of Princess…

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Fact check: What the Obamas and other Democratic speakers got right, wrong on Day 2 of the DNC

Former president barack obama and former first lady michelle obama energized convention attendees. here are some fact checks of their claims..

CHICAGO —  Two decades after exploding onto the political scene at a different Democratic convention, former President Barack Obama, along with former first lady Michelle Obama, energized convention attendees here. The Obamas bestowed their support on nominee Kamala Harris, who aims to follow Obama as the nation’s second Black president.

Barack Obama began his address by praising outgoing President Joe Biden. “I am proud to call him my president, but I am even prouder to call him my friend,” Obama said of Biden, his former vice president.

Obama attacked Harris’ opponent, former President Donald Trump with zingers, once needling Trump for a “ weird obsession with crowd sizes ” (which also involved a suggestive hand gesture).

Barack Obama offered a few notes that rhymed with his career-making 2004 keynote address at the Democratic convention in Boston, in which he argued against the idea that there is a blue America and a red America.

Michelle Obama’s speech also offered some optimistic notes, including the notion that “hope is making a comeback” with Harris’ late entry into the presidential race as Biden’s would-be successor. But the former first lady’s remarks were sometimes even more acerbic than her husband’s.

She said, for example, that Trump had benefited from the “affirmative action of generational wealth” yet still managed to get “a second, third or fourth chance” while regularly “whining” or “cheating.” She also criticized Trump — an early spreader of the “birther” conspiracy theory that doubted that Obama was born in the U.S. — for having made Americans “fear us” as an educated, high-achieving couple who “happen to be Black.”

PolitiFact fact-checks politicians across the political spectrum. We also fact-checked the  Republican National Convention  in July.  Read more about our process.

Here are some fact-checks of claims made during the convention’s second night.

Barack Obama: Under Joe Biden, the U.S. produced “15 million jobs, higher wages, lower health care costs.” 

He’s right about jobs: The U.S. has  added 15.8 million jobs  since January 2021, when Biden was sworn in, though some of those represented the workforce return of workers the pandemic had sidelined.

Wages are up under Biden without factoring in inflation. But for his full tenure, wages have  trailed inflation , which hit a four-decade high under Biden. Nevertheless, wages have outpaced inflation over the past two years, the past year and compared with before the pandemic.

Whether health care costs were lower overall is a trickier question, because there’s great variation from family to family and person to person. However, U.S. health care expenditures as a percentage of gross domestic product peaked during the pandemic in 2020 and have  since fallen  roughly to prepandemic levels. This represented the biggest sustained decline in decades.

Sen. Bernie Sanders, I-Vt.: “Unemployment was soaring” when Biden and Harris took office in January 2021.

Mostly False.

Sanders overstated the unemployment situation when Biden and Harris were inaugurated.

In April 2020, at the start of the COVID-19 pandemic, the unemployment rate surged to 14.8% as millions of Americans lost their jobs.

But by the time Biden took office in January 2021, the rate had fallen to 6.4%, and it continued to fall that year.

So it wasn’t “soaring” any longer, though the rate was still high by historical standards. It was lower than 6.4% for about six years prepandemic.

July’s unemployment rate is 4.3%.

Project 2025

Pennsylvania state Rep. Malcolm Kenyatta, D-Philadelphia: “And on Page 587, Project 2025 would cut overtime pay for hardworking Americans.”

Labor law experts have told PolitiFact  that the Project 2025 plan would not eliminate overtime pay, but some workers could lose overtime protections if the plan’s proposals are enacted. It’s hard to say how many; it would depend on what’s enacted.

The document proposes that the Labor Department maintain an overtime threshold “that does not punish businesses in lower-cost regions (e.g., the southeast United States).” This threshold is the amount of money executive, administrative or professional employees need to make for an employer to exempt them from overtime pay under the Fair Labor Standards Act.

In 2019, the Trump administration  finalized a rule  that expanded overtime pay eligibility to most salaried workers earning less than about $35,568. The Biden administration  raised that threshold  to $43,888 beginning July 1, and that will rise to $58,656 on Jan. 1, 2025.

Project 2025’s proposal would return to the Trump-era threshold in some parts of the country. It’s unclear how many workers that would affect, but experts said some would presumably lose the right to overtime wages.

Other proposals in the plan include allowing some workers to choose to accumulate paid time off instead of overtime pay, to work more hours in one week and fewer in the next rather than receive overtime,,and require employers to pay overtime for working on the Sabbath.

Former first lady Michelle Obama: One of Trump’s proposals is “shutting down the Department of Education.”

Trump has said he would  abolish the Education Department , a proposal  he shares with Project 2025 , an agenda independently produced by some Trump allies.

It’s also something conservative groups have pushed for decades. The idea is to save a few essential functions and hand them to other agencies.

Trump’s education agenda also includes universal school choice, not spending federal dollars on schools that have vaccine mandates, allowing prayer in school, making principals directly elected by voters, subsidizing homeschooling and abolishing tenure for K-12 teachers.

Health Care

Sen. Chuck Schumer, D-N.Y.: “Democrats lowered prescription drug prices.”

Mostly True.

The Democrats did take historic steps to lower prices for Medicare recipients, but that’s a limited group of people and for many drugs that will take time.

In August 2022,  Biden signed the Inflation Reduction Act,  which allows the federal government to negotiate prices with drugmakers for Medicare. It passed without Republican support. The same law  capped  the monthly price of insulin at $35 for Medicare enrollees starting in 2023.

The Biden-Harris administration  announced  Aug. 15 that the federal government had reached agreements with all participating manufacturers on new negotiated drug prices for the first 10 drugs selected under the new law.

That will define the prices to be paid for prescriptions starting in 2026. For 2027 and 2028, 15 more drugs per year will be chosen for price negotiations. Starting in 2029, 20 more will be chosen a year.

New Mexico Gov. Michelle Lujan Grisham: Donald Trump and J.D. Vance want to “repeal the Affordable Care Act.”

Half True .

Trump’s new position doesn’t match his old one, but more details are needed.

In 2016, Trump campaigned on a promise to repeal and replace the Affordable Care Act. As president, Trump supported a failed effort to do just that. In the years since, he has repeatedly stated his intent to dismantle the health care law, including in campaign stops and social media posts throughout 2023.

In March, however, Trump walked back this stance. He wrote on Truth Social that he “isn’t running to terminate” the ACA but to make it “better” and “less expensive.”

Trump hasn’t said how he would do this, and health care policy experts said it’s difficult to know where he stands without a detailed plan. Experts identified an array of possible changes that could be executed under another Trump administration but said a sweeping repeal likely isn’t in the cards given a lack of political support.

Childhood Poverty

Sanders: “We cut childhood poverty by over 40% through an expanded child tax credit.”

Biden’s American Rescue Plan increased the child tax credit from $2,000 to $3,600 for children younger than 6 and to $3,000 for children 6 to 17.

We  previously reported  that supplemental poverty numbers showed poverty among all U.S. children dropped from 9.7% in 2020 to 5.2% in 2021, the Census Bureau said — a decline of 46%. About 5.3 million people were lifted out of poverty, including 2.9 million children.

The provision lapsed after December 2021, facing opposition from Republicans and Sen. Joe Manchin, now an independent, who argued that expanding the credit would worsen inflation.

When the expanded tax credit expired, supplemental child poverty  spiked , rising from 12.1% in December 2021 to 17% in January 2022 — a 41% change.

Kamala Harris in a DNC video: Trump “wants to impose what is in effect a national sales tax on everyday products and basic necessities that we import from other countries. … (it) would cost a typical family $3,900 a year.”

Trump has said that  he would propose a 10% tariff on all nondomestic goods sold  in the U.S. Although tariffs are levied separately from taxes, economists say that much of their impact would be passed along to consumers, making them analogous to a tax.

The video’s figure about how much it will cost families is higher than current estimates.

The American Action Forum, a center-right think tank, has  projected  additional costs per household of $1,700 to $2,350 annually.

The Peterson Institute of International Economics, another Washington, D.C.-based think tank,  projected  that such tariffs would cost a middle-income household about $1,700 extra each year.

PolitiFact chief correspondent Louis Jacobson, senior correspondent Amy Sherman, staff writers Samantha Putterman, Sara Swann, Loreben Tuquero and Maria Ramirez Uribe contributed to this story. 

Our convention fact-checks rely on both new and previously reported work. We link to past work whenever possible. In some cases, a fact-check rating may be different tonight than in past versions. In those cases, either details of what the candidate said, or how the candidate said it, differed enough that we evaluated it anew.

This fact check was originally published by PolitiFact , which is part of the Poynter Institute.

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5th Moscow Boat Show, March 20-25, 2012

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Written by Zuzana Bednarova

The 5th edition of the International exhibition of yachts and boats –  Moscow Boat Show , held from March 20 to 25, 2012 will be hosted by the first pavilion of Crocus Expo International Exhibition Centre. This popular show is dedicated not only to the specialists of the market segment and professional sportsmen but also to those who consider sailing sport to be their hobby and well cherished dream.

The project is the result of joint efforts of the Crocus Expo International Exhibition Centre and the National Marine Industry Association. The event is supported by Aston Martin Moscow, Burevestnik Group logistics department and the Yachting specialized magazine. Moscow Boat Show is the largest project in Russia presenting all the best in the world of yachting.

The exhibition annually shows high level of attendance and has already proved as significant and noteworthy event in the world of yachts and boats. Every year new exhibitors join the list of participants, genuine “sharks” of yachting business, the quantity of visitors considerably increases and the exposition becomes more sated and diverse.

The best companies professionally involved into yachting and small navigation business – 180 exhibitors from 17 regions of the Russian Federation and 15 countries traditionally presented the best and the newest in the world of yachting at 2011 edition: from design and facilitation of vessels and up to cruising and training courses for beginning skippers. In 2011 the overall exhibit space comprised 18 000 sq m. More than 25 000 visitors came to the show.

This year the exposition space will increase up to 30 000 sq m and will be accommodated in 4 exhibition halls. The scale of the project confirms confident positions of its positive development. The organizers will try to arrange a genuine fiesta of water on land!

Quite a number of foreign exhibitors will participate in the show. Foreign companies show increasing interest to yachting business in Russia.

Moscow Boat Show provides the perfect platform from which to preview new products, evaluate market trends, and establish long-lasting and commercially profitable partnerships. Despite the dynamic changes taking place in Russia and the rapid growth of the yachting sector, the show continues to complement and reflect the industry’s demand and is a promotional opportunity not to be missed!

As its popularity and success rate has grown over the last years Moscow Boat Show 2012 has developed to incorporate more than just an exhibition. These special events serve to attract leading exhibitors and visitors and allow all participants the chance to broaden their knowledge and of course their sales potential.

Moscow Boat Show helps representatives of yachting business to get acquainted with their Russian colleagues and gradually improves national yachting market to a new level. It is obvious that for 4 years of its running the project has turned to a status event of the international exhibitions calendar. The organizers of the exhibition aim to bring together on the same platform all key national and worldwide players and to offer an excellent platform to encourage networking among specialists and visitors in order to accelerate the development in this field as well as implementing new technologies, the newest equipment, materials and components.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "5th Moscow Boat Show, March 20-25, 2012".

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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Seven bodies have now been recovered from the wreckage.

News reporter @samuelosborne93

Friday 23 August 2024 12:24, UK

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Seven bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.

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

Follow latest updates on the superyacht sinking

What might have caused the sinking?

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

It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

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

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

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 about 10-20mph typically but can reach greater speeds, 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?

The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.

Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

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

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.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.

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.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed on Thursday that their bodies had been recovered.

The yacht's captain James Cutfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.

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.

What do we know about the vessel?

The Bayesian is owned by a company controlled by Mr Lynch's wife.

It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and 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, could 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, of the Maritime Search and Rescue Council, 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.

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.

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

What were its last movements?

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.

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

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My life in boats: Travis Fox, owner of 27m superyacht Skyline

As he looks forward to his 25th wedding anniversary, superyacht owner Travis Fox tells Grace Trofa how boating has influenced his family...

I was in my early 40s when I bought my first boat. We lived in Virginia. Year after year the winters would hit and we would ask each other, “Why are we living here?” We telecommute our businesses; we could live anywhere. We wanted to stay in the US but be somewhat disconnected. Sanibel, Florida, was a real easy choice. We had a yacht in mind when we chose a house on a deep-water canal with a large dock. Our first boat was an Azimut Magellano.

We are a very adventurous family, travelling all the time, but four people and five dogs on a 15 metre boat for five-month trips got a little worn out. We needed the ability to be together but also have our own privacy.

Both our boats are Cor D Rover designs; we love his work. We talked to 18 different manufacturers but when I walked into the Horizon booth at the 2016 Fort Lauderdale Boat Show , I pointed to the model of the FD line and said, “This is my next boat.” Working with Cor [on Skyline , a Horizon FD 87] was a real treat and we have become great friends.

The bow seating is our favourite place on board; we sit and play dominos until 2am and gather there at sunsets. My personal favourite spot is the “man penthouse” [the sky lounge]: 500 square feet of walnut and leather. It was designed with business meetings in mind and when I invite clients on board we get full attendance every time.

The Exumas has to be our favourite spot. We stayed for two weeks at Hawksbill Cay; it was like camping on the water and we never saw another human. We have made the best friends ever during our trips – the farther we roamed from civilisation, the nicer the people.

This summer we will be heading up the East Coast, stopping in major cities, as we are celebrating our 25th wedding anniversary and my wife has never been to New York.

Our daughters, Kilyn and Taylor, were preteens when we started boating, lacking the confidence that comes with real-world experience and overcoming challenges. Boating has driven a huge change in them. My eldest, who’s 17, took the wheel, hailed people on the radio and drove the boat through the crowded harbour in Taiwan. She docks the boat, runs the deck and now I take orders from her.

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

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By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced