Geffen Edges Out Ellison to Seize Control of World's Sixth Largest Yacht

by Jared Paul Stern (RSS feed)
Oct 25th 2010 at 8:01AM

Music mogul David Geffen is now the sole owner of Rising Sun (above), the world's sixth largest yacht, having seized control from co-owner Larry Ellison. Originally commissioned by the Oracle billionaire from Germany's Lürssen shipyard in 2004, the 456 ft. megayacht cost about $250 million to build. After gaining possession of the craft – the terms of the deal have not been disclosed – Geffen has sent the boat back to Lurssen for some much-needed modifications while Ellison prepares to take delivery of a much smaller 298-ft. superyacht. Considerably bigger than other billionaire boats like Paul Allen's Octopus, the Rising Sun features luxe accommodations for 12 people in addition to 30 crew members and boasts a total of 82 rooms on five decks. Onyx countertops, a gymnasium, spa, sauna, wine cellar, private cinema and basketball court that converts to a helipad are some of the over-the-top touches onboard. Four MTU 20V 8000 M90 diesel engines with a combined output of 50,000 hp move the massive yacht along at up to 28 knots.

[via JamesList]

Tags: billionaire, David Geffen, Germany, Larry Ellison, megayacht, Paul Allen, Rising Sun, superyacht, yacht

Filed under: Yachts & Sailing, Wealth

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CaptnJack Oct 28th 2010 10:04PM

I am pretty confident that I could live fairly well for a year on one days maintenance cost for this yacht

reallytorkedoff Nov 3rd 2010 7:50AM

Figure 10% of original cost in annual maintenance (rule of thumb): $25 million per year.

Divide by 365 days = $68, 493 per day.

I guess it depends on your definition of comfortable, but it's a decent living wage in most of the world

lgnu Nov 1st 2010 9:13AM

And the Republicans say the Bush Tax cuts should be extended for these people,
Are they crazy?

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