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Larry Ellison’s Yacht Musashi: Everything You Want To Know

American billionaire Larry Ellison was the co-founder of Oracle Corporation and is believed to have a net worth of nearly $114 billion. Ellison is no stranger to the yachting world and used to co-own a yacht with David Geffen for many years. There was a rumor he sold his stake to Geffen because he thought their 453 foot yacht the Rising Sun was just too big for him. That was back in 2010. Since that time, Ellison has gone on to purchase his own yacht

Design and Features of Larry Ellison’s Yacht

Ellison’s yacht is known as Musashi. It was built in 2011, just after he sold his previous yacht to David Geffen. It was built by the company Feadship with an exterior design by De Voogt naval architects and interior handled by Sinot Yacht Design.

The vessel has a steel hull and an aluminum superstructure. The decks are teak. The superyacht features at-anchor stabilizers to increase comfort. The on board water tanks store around 88,000 liters of fresh water.

What’s with Larry Ellison and Miyamoto Musashi?

Other yachts that Ellison has owned included the Ronin and the Katana. All four of these yachts have a noticeable theme in common and that is Japan with a strong leaning towards samurai culture. 

While Rising Sun is a reference to Japan itself, often called the Land of the Rising Sun, the other names are more samurai inspired. Ronin is the name of a masterless samurai while a katana is a type of sword that is often associated with the warriors. As for Musashi, that comes from a famous samurai warrior and Japanese swordsman named Miyamoto Musashi. It was said Musashi was a master swordsman and was undefeated in over 60 duels. 

This appreciation for Japanese culture also inspired some of the design elements of the yacht seen in the Sinot yacht architecture. That includes things like an overall minimalistic Japanese style, clean lines along the exterior to the materials and art found within which either reflect Japanese style or design esthetics.  One of the most notable pieces is a Hiroshi Senju painting.

Interior of Larry Ellison’s Yacht

The Musashi superyacht has been designed to accommodate up to 18 guests at a time, in addition to the crew who run the ship. That includes 10 guest suites, two of which are VIP cabins. Among the many features available for guests you can find

• a movie theater
• a swimming pool
• basketball court
• volleyball court
• beach and water toys

The 5 deck yacht can be accessed easily thanks to an elevator to take you where you need to go. Failing that, there’s a stainless steel and glass staircase that can take you through the structure. The design is a little unusual and where a tender garage would normally be kept on the lower decks is the gym and spa and then crew quarters as well as access to the inner workings of the ship are down below.

The Musashi also features a basketball court on board as well that can be converted for playing other sports like football and volleyball as a crane that can launch racing boats.

There is a tender garage, of course, but it’s located on the main deck as part of the giant beach club. You can also find a cinema on the main deck that converts to a lounge and then most of the guest cabins are on this level as well.

Heading to the upper deck, half of this entire space is reserved for the largest of the VIP suites. 

How Much Did Musashi Cost?

According to various reports, Musashi cost Ellison about $160 million. That doesn’t put it in the running to be the most expensive yacht in the world by any means, but it’s definitely an expensive superyacht.

The annual expense for running the yacht which includes everything from taxes and licenses, salary for the crew and fuel expenses is believed to run between $10 million and $20 million per year. That may seem like a lot but it’s pretty standard for a yacht of this size. This is part of the reason why many billionaire yacht owners will put their yacht up for charter during times when they are not using it. It’s much easier to cut those expenses when other people are paying them. 

That said, Ellison has not opted to make his yacht available for charter. At least not yet, anyway.

Speed and Propulsion

Musashi is powered by twin 5,766hp MTU 20V4000 M93L diesel engines.

• The yacht has a fuel capacity of 335,000 L (88,000 US gal).
• That means that Musashi has a maximum range of 6,000 nmi (11,000 km) at 12 knots (22 km/h).
• Cruising speed is 18 knots and a top speed of 21 knots.

The crew of the Musashi numbers around 24 and there are 10 crew cabins on board. This includes the crew needed to actually operate the vessel as well as additional crew members such as a chef and others who are able to see to the needs of the passengers for whatever they might require.

Musashi is a large yacht, though far from the largest yacht in the world.   It measures 288 feet in length, and has a beam of 45.6 feet. The draft is 13.5 feet and the gross tonnage of the megayacht is 2,463 tons. 

How Does The Musashi Yacht Compare to Other Luxury Yachts?

One of the most obvious comparisons you can make is between this luxury superyacht and Ellison’s previous yacht the Rising Sun , owned by David Geffen. The Rising Sun is 453 feet which is 165 feet longer than Musashi. The Rising Sun was also said to have a cost of around $200 million compared to the $160 million of Musashi. 

While $160 million is nothing to sneeze at, the current reigning title for most expensive yacht seems to belong to the Eclipse, owned by Russian oligarch Roman Abramovich which, after the initial purchase and various retrofits and upgrades, is said to have cost him $1.5 billion.

In terms of size, Musashi also falls short of the largest yacht in the world which is the massive Azzam. It measures in at 180 meters which is nearly 600 feet in length.

The Bottom Line

Larry Ellison was the founder of Oracle and is one of the top ten richest people in the world. He spent $160 million on his yacht Musashi, named after a historical samurai. Musashi measures in at 288 feet in length and can handle up to 18 guests on board. The yacht features a pool, spa, gym and other amenities and is very much inspired by Japanese design elements. 

My grandfather first took me fishing when I was too young to actually hold up a rod on my own. As an avid camper, hiker, and nature enthusiast I'm always looking for a new adventure.

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MUSASHI Yacht – Stellar $160M Superyacht

MUSASHI yacht is a $160 million superyacht.

MUSASHI Yacht

The MUSASHI yacht was built by Feadship, founded in 1949 with headquarters in The Netherlands. Feadship is not new to the game of building superyachts for the wealthy.

They have also been the engineers for superyachts, such as Bernard Arnault’s Symphony Yacht, Arrow superyacht (with a value of over $120 Million), and the well-known 94-meter Viva superyacht.

It is safe to say that the MUSASHI yacht, showed its brilliance and excellence in engineering luxury superyachts.

The $160,000,000 superyacht interior was designed by Sinot Exclusive Yacht Design, a company responsible for creating beautiful and unique interiors for superyachts across the globe.

It is worth noting that Sinot Exclusive Yacht Design is also responsible for developing the interiors of the Feadship F45  Harle .

Being a luxury superyacht designed for the super-wealthy, she does not lack outstanding amenities.

The MUSASHI yacht is equipped with a beauty room, swimming pool, indoor and outdoor gyms, a movie room, and even an elevator.

MUSASHI is fitted with air-conditioning throughout the yacht and integrated with stabilizers to keep the superyacht steady and safe for the guests.

With an incredible amount of workspace to work with and a team of highly respected interior designers working on the yacht, it’s safe to say that she can hold parties and provide people with a great experience while traveling on the high seas. 

The MUSASHI yacht can accommodate up to 18-20 guests and 24 crew members to attain the ship and guests’ needs.

With an approximate value of $160 Million, it is estimated that the annual running cost ranges between $10-$20 Million on top of maintenance and docking fees.

MUSASHI is an incredible behemoth of a yacht. With enough space and room to adventure almost endlessly, she has comfortable air-conditioned rooms for her guests and crew.

With luxuries such as a movie theatre, MUSASHI serves as a secondary floating home on the crystal blue waters of France.

MUSASHI Specifications

MUSASHI measures a length of  87.8m (288 ft) and her incredible hull was built using steel along with aluminum.

Powered by four very powerful propellers and its power coming from two 5,766hp MTU 20V4000 M93L diesel engines MUSASHI can reach a max speed of 21 knots with a cruising speed of 15 knots.

She has ample storage space for fuel with a  335,000 L fuel tank allowing her to travel up to 11 000 kilometers. She has an impressive weight of over 2463 tonnes. 

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Inside Musashi: Oracle Co-Founder Larry Ellison’s $160 Million Superyacht

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Tom sandoval called cheap after offering ariana maddix $600,000 for $3 million home, procedural paydays: investigating the 9-1-1 cast's per episode salaries, quick links, larry ellison’s ownership of the superyacht musashi, the samurai connection of the superyacht, a minimalist, japanese-style vessel.

It is a common knowledge that the world’s wealthiest people like blowing millions of dollars on collectible vehicles, opulent homes, private planes, and other luxuries. Others own a lot of stocks and corporations all over the world and tech billionaire Larry Ellison is among them. Nothing really compares to a multimillion-dollar superyacht when it comes to establishing your super-rich social hierarchy, and it is pretty obvious since the Oracle co-founder has more than one superyacht.

Superyachts can be purchased for hundreds of millions of dollars and maintained for millions more annually. It is regarded as the foremost symbol of prosperity and exemplifies excellent affluence. Many billionaires possess enormous superyachts that are the ideal signs of their opulent lifestyles.

RELATED:  Inside The Flying Fox: Jeff Bezos' $400 Million Mega Yacht

Superyacht Musashi, owned by American billionaire Larry Ellison, is one expensive example and is amazingly featured in one of Netflix's series, The Dropout. Fans were astonished at the sight of the superyacht seen in the series. The peculiar designs and architectural layout are remarkable that this raises queries about it and the identity of the yacht's enormous owner.

Larry Ellison, full name Lawrence Joseph Ellison, was the Oracle's software corporation co-founder and CEO from 1977 to 2014. With a net worth of $93 billion and a co-founder of Oracle Corporation. He is the eighth richest person in the world. He is considered one of the highest-paid CEO in the US. Although it has been announced that Ellison will be leaving the board of directors in 2022, he also owns shares in Tesla valued at the US $1 billion.His Musashi is revered by all as a classic illustration of the most luxurious pastime a millionaire like Ellison enjoys. It is an 88-meter vessel designed in the Japanese style and unveiled in 2011 by the Koninklijke De Vries yard of Feadship in Makkum, the Netherlands.

Musashi measures 87.78 m (288.0 ft) overall and 13.90 m in beam (45.6 ft). Together with her sister ship Fountainhead, she is ranked as the 79th-largest yacht in the world. Her well-chosen name reflects the appreciation for Japanese styling that her very skilled owner shares. Additionally, the billionaire has made no secret of his admiration for Japanese tradition and has acquired a precious collection of Japanese artwork that dates back thousands of years.

Ellison is well-known for having owned numerous high-end superyachts during his life. The 58-meter Ronin, the 75-meter Katana, and the 138-meter Rising Sun are some of them. When you get here, you'll see that the names of all these vessels are strongly associated with the country of the rising Sun. With its name derived from the illustrious samurai Miyamoto Musashi in Japanese history, the Musashi also adheres to this tradition. Musashi, who lived in the 16th and 17th centuries, was a skilled swordsman, philosopher, military leader, author, and Roman.

At the age of 13, Musashi killed a guy in single combat, launching his career as a fighter. He claimed to engage in more or less 60 separate sword fights, all of which he claimed to have won, many of which were to the death. Legend has it that he remained undefeated throughout his life and was renowned as a "sword saint" because he set out on a personal quest to learn excellent sword skills. Ellison's choice of the name reveals his love of samurai mythology and Japanese culture. In reality, the billionaire also owned a Japanese art collection in an exhibition that debuted over a weekend at the Asian Art Museum in San Francisco.

Feadship delivered the superyacht, which cost an estimated amount of $160 million and was the largest vessel ever constructed by the shipyard at the time.  With a crew of 23, Musashi can accommodate 18 guests. Japanese art and design elements are mixed throughout the room. The aesthetic sensibility of the Eastern nation is reflected in every piece of furniture, material utilized, work of art, and sculpture. The ship has five decks, which is a very unusual layout. The tender boats are again positioned on the main deck and prepared to transform into a mobile beach club once they are released into the sea. Downstairs are technical areas and crew accommodations, a gym, and a garage, although this is often a garage for tender motor boats. Musashi's theater room, which can be transformed into a comfortable living room when necessary, is one of its best features. The passenger compartments are located in the main deck's remaining space.

Meanwhile, a master suite fills half of the upper deck. It contains a theater room that can be converted, and the living room on the main deck has a breathtaking outlook. The glass and stainless-steel elevator system must be mentioned, encircled by a glass staircase that winds across the boat's floors. Musashi has an average speed of 18 knots and can operate continuously at over 6,000 knots.

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TIS Yacht (Ona) – Owner Alexei Fedorychev

Tis yacht (ona).

Fedorychev Yacht: TIS

Yacht Length: 111.5 m (365 ft)

Guests: 18 in 9 cabins

Crew: 38 in 20 cabins

Builder: Lurssen Yachts

Designer: Winch Design

Maximum Speed: 18 knots

Range: 7,000 nm at 12 knots

Engines: MTU 16V4000

Displacement: 4,650 ton

TIS Yacht Price: US$ 300 million

Interior construction according to PYC requirements

The TIS Yacht was built according to the internationally recognized Passenger Yacht Code IV (PYC IV), which defines technical and operational safety standards for yachts.

Only special, certified carrier plates and materials may be used. In the stairwell, for example, only the flame-retardant expanded glass was used as carrier plates for the curved wall paneling.

TIS Yacht design information

The substructures were refined with a matt paint finish and decorated with golden frames. Two specialists were commissioned for the line paint work, who implemented the special painting technology on the entire ship in order to guarantee a uniform appearance.

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The elliptical dining room was just as challenging. Here the wall panels had to be bent so that they fit into the substructure with an accuracy of one millimeter. Each bending shape had to be manufactured individually.

Entering aft along the upper deck, an intimate Parisian style tea room has been put in place. It features Louis XVI-inspired sofas and armchairs. Green, purple and pink colors give the space a feminine atmosphere which is also reflected by the curtains and cushions.

The vessel features 2 helicopter pads, a 12m swimming pool, a resort-inspired spa in the aft of the boat, and palatial breathtaking staircases.

TIS Yacht – Alexei Fedorychev

Alexei Fedorychev owns the Ukrainian transport company TIS. Reportedly her owner defaulted on the contract. The yacht was repossessed by Lurssen. She was listed for sale asking EUR 275,000,000.

The project was then handed over to Lürssen in the established List GC quality on the set date in December 2018. MY Tis was presented to the public for the first time in September at the Monaco Yacht Show 2019 and, with 111 meters, is the largest motor yacht ever to be exhibited at the fair. At the 6th MYS Superyacht Awards in Monaco, it was also awarded the prize for “Best Interior Design”. With the implementation of the renowned interior, List GC proves once again that the Bad Erlach company is rightly one of the top outfitters in the class of high-end luxury yachts.

TIS Yacht owner

Who is alexei fedorychev.

Alexey Mikhailovich Fedorychev ; (August 3, 1955, Krasnogorsk, USSR) – Russian-born businessman, a citizen of Monaco and Hungary. The former owner of FC Dynamo Moscow and FC Rostov. The owner of the company Fedcom .

Despite the lack of Russian citizenship in 2006 by Forbes magazine it was included in the list of the richest businessmen in Russia, where he held the 100th place with the state of $450 million$. He now resides in Monaco.

Fedorychev Net Worth In 2011 his net worth was estimated at US$ 700 million. We estimate his current net worth at US$ 1 billion.

He owns the Ukrainian transport company TIS.He lives with his wife in Monaco. They have 1 child.

Alexei Fedorychev (also written: Fedoricsev) also owns a US$ 50 million Bombardier Global 6000 private jet, with registration 9H-FED. He previously owned a Bombardier Global Express with the same registration.

Update: he has a new private jet. It is a Bombardier Global 6000 with registration 9H-AMF. AMF refers to Aleksey Mikhaylovich Fedorychev . The jet was built in 2012. A Bombardier Global 6000 can accommodate 14 passengers.

The jet was in Bremen, near Lurssen, around the period of the delivery of TIS.

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No One Needs a Superyacht, but They Keep Selling Them

Billionaires won’t stop buying superyachts. You can even thank Donald Trump .

“Joy,” at sea.  Credit... Bannenberg and Rowell

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By Peter Wilson

• Oct. 8, 2019

L ONDON — The end of summer is a nervous time for superyacht designers, and not because they fear that the owners of their latest creations may be disappointed with the first outings in the Mediterranean.

The worry is about the designers’ next vessels, because this is the time of year when clients whose boats are still in production come back from holidays with a wish list of new features — usually, based on what they saw on their friends’ yachts or at the Monaco Yacht Show , which ended Sept. 28.

“Right now we are quite far down the line in completing a big yacht in northern Europe for one client who has just spent time on a friend’s boat, which is not necessarily helpful,” said Dickie Bannenberg, the head of one of the world’s best-known superyacht design houses, Bannenberg & Rowell . He was in his London studio, an airy two-story space lined with sleek models of its creations.

“The delivery date is in the first half of next year, and that is sooner than it might seem,” Mr. Bannenberg said. “It’s fine when it’s superficial — let’s say they liked the plates or towels on their friend’s yacht — but if you’re not careful it can verge on, ‘Oh, my friend’s gym was like this, can we have something similar?’ or, ‘I would really like to add a submersible vessel.’”

The complex production schedules of these vessels mean shipyards will resist significant changes. “Re-engineering or rebuilding is going to cost a lot of money,” Mr. Bannenberg, 58, said.

Protecting the Picassos

That end-of-summer tension illustrates some inescapable truths about life dealing in the world’s most expensive consumer products and ultimate discretionary purchases. One vessel alone can cost $5 million to $500 million, with annual operating costs of perhaps 10 percent of that.

This is an industry in which problems include protecting the owner’s Picasso collection from salt air, clumsy crew members and faulty sprinklers.

Or maybe you have to decide whether to build one 330-foot vessel (100 meters) or join a trend of the last few years by opting for a “smaller” 200-foot yacht with a 165-foot support vessel to carry a submarine, helicopter, speedboats and other toys. Aviva, a 320-foot yacht launched in 2017, was the first in the world to include a full-size indoor paddle tennis court.

William Mathieson, the editorial and intelligence director of the Superyacht Group, the leading analyst of the industry, said there are about 3,500 active vessels in the world that meet the loose definition of a superyacht by measuring more than 100 feet; just 55 top 330 feet.

Mr. Bannenberg’s father, Jon Bannenberg, who died in 2002, used to say that nobody in the world needs a superyacht, so it was the designer’s task to make them want one.

Jon, a charismatic Australian, is widely credited with inventing the profession of superyacht designer. In the 1960s, he brought together interior and exterior design skills with an understanding of marine engineering to replace what had previously been relatively simple structures sitting on top of hulls designed by naval architects.

He had waves of clients, starting with Greek shipping tycoons in the 1960s. Then came Middle Eastern royals in the 1970s, German and American industrialists in the 1980s, tech titans from the United States in the 1990s and wealthy Russians.

After Jon’s death, Dickie, who had worked as his father’s project manager for 15 years, brought in Simon Rowell, a hotel designer, as the studio’s creative director.

A short walk from Wandsworth Bridge on the River Thames, the studio holds 15 people, who manipulate detailed computer images of planned vessels, pore over design drawings and phone Italy to order marble fittings.

There are usually six or seven projects at various stages of a construction process that takes four to five years, and that often extends to designing stationery and a logo for crew uniforms, as well as commissioning sculptures to go on board. Jon Bannenberg liked to design the cutlery and crockery, flower vases, the light fittings and door handles.

He ran his practice like a Renaissance artist, training a stream of apprentices who now run some of the world’s top studios, and relying on wealthy patrons for commissions.

Those patrons included J. Paul Getty, Malcolm Forbes and Larry Ellison. Projects were discussed with Fidel Castro and the Shah of Iran that never made it to the water.

Almost inevitably, many people rich enough to spend tens or hundreds of millions of dollars on a yacht have proved to be controversial. The Australian billionaire Alan Bond was a Bannenberg customer before being jailed for fraud, and so was the Saudi arms dealer Adnan Khashoggi , who commissioned a 280-foot ship called Nabila. Donald Trump bought that one (and renamed it Trump Princess) in 1987 for a reported $30 million, with a running cost of $2.5 million a year, justifying the expenditure by saying it was “the ultimate toy” and that he hoped it would make other yacht owners feel inferior.

A string of Bannenberg yachts were built for the British businessman Gerald Ronson, who also did jail time for fraud, and the American magnate Bennett LeBow was forced to repay millions of dollars to companies he controlled for loans that were spent on his yachts.

The body of Robert Maxwell, the publisher and fraudster, was found floating off the back of his Bannenberg yacht, the Lady Ghislaine, which was named after his daughter who is now in the headlines over her involvement with Jeffrey Epstein, the financier charged with child sex trafficking.

Mr. Epstein, who died in jail in August, represented the retail tycoon Leslie Wexner during the construction of his 300-foot yacht Limitless, another Jon Bannenberg project.

Five imposing models of Limitless still sit on the walls of the studio. Dickie Bannenberg said he never dealt with Mr. Epstein, though Ms. Maxwell “may have come to a design meeting but I have never met her.”

“It’s a tricky one,” Mr. Bannenberg said. “Legally in any industry you have a requirement to know as best you can the source of your client’s money, so in our contracts our lawyers require us to find the beneficial owner behind the project.”

“The shipyard asks the same questions,” he said. “They won’t just build for Mysterious Corporation of Grand Cayman, they need to know who is behind it.” The ownership of some yachts is a tight secret, with the owner’s passion for privacy and security often extending to teams of private guards in every port.

Adam Ramlugon, a lawyer who specializes in superyachts, said the legal obligations to avoid “dirty money” fall on regulated professions rather than on designers and builders themselves.

“It is the designer’s bank and lawyers who are required to know the source of funds, but any company should be very careful because their bank might decide to stop acting for them if they don’t know the source of some money sloshing around in their bank account,” Mr. Ramlugon said.

Mr. Bannenberg said that “in real life, there is a limit to what we can do.”

He recalled being hired by a Moscow shipyard to do design work for a client whom he and Mr. Rowell met “once or twice including one memorably uncomfortable meeting” in a Majorca villa.

One sign that something was odd was that the meeting was held in what felt like a “safe room.” Mr. Bannenberg said that “a much bigger sign came three years later.”

“After the yacht had been delivered, Simon was a bit terrified to notice a newspaper photo of the client being led away in handcuffs by two Spanish police officers wearing balaclavas. He was allegedly the head of an organized crime gang. How could we know that?”

Mr. Rowell, 50, said that “once or twice” the firm has made its own inquiries and decided to stay away from a potential client, but a lot of these problems, especially white-collar crime, “only become obvious with hindsight.”

Doing More With More

The types of buyers and their demands keep changing. More than a decade of heavy spending by Russian and East European clients began drying up after the Russian annexation of Crimea — “we lost one job half an hour after that,” Mr. Bannenberg said — as Western sanctions on Russian oligarchs have continued to bite.

The rising number of billionaires in mainland China has not yet translated into new buyers, and Mr. Bannenberg believes the Chinese face political and cultural restraints “on being so upfront with your wealth.”

More promisingly, there has recently been a pickup in buying from the United States, Mr. Bannenberg said, “because America still has the most high-net-worth individuals.”

The Trump tax cuts have fueled demand for superyachts, according to industry analysts, and shipyard order books are solid. Notably, this is despite recent softness in top-end sales of art, cars and real estate, amid broader fears of an economic slowdown.

Research by the Superyacht Group shows that after peaking in 2008 and then slumping after the financial crisis, the production of luxury yachts has been stable in recent years, with an annual output close to 150 new vessels.

While Americans remain the biggest buyers, the United States’ own yacht output has shrunk, with the global industry consolidating into fewer shipyards. The Italians now make the most vessels, and Dutch and German builders dominate the top of the market.

The most striking change in the industry is a shift in what the boats are actually for, as a new generation of owners want to do more than show off while anchored off Sardinia.

“The clients that approach us nowadays don’t really want a floating palace,” Mr. Rowell said. “They want a boat they are going to live on and even work on, and use for more than two weeks a year.”

The Microsoft billionaire Paul Allen, who died in 2018, is often cited as an example of a more active owner, as he used his yachts for ocean research and roaming the world.

A 600-foot-long monster called REV that emerged from a Romanian shipyard in August took that trend even further: Its Norwegian owner had it designed to double as a marine research vessel capable of supporting 60 scientists. The world’s largest yacht , REV (short for Research Expedition Vessel) can sail around the world without refueling.

“Owners today do realize that these are extraordinary bits of equipment that can go to pretty exciting places that are really difficult to reach, and that changes the way you design the yacht,” Mr. Rowell said. Modern owners sail everywhere from the Northwest Passage to Antarctica.

There is “still a minority of attention seekers, status seekers, whatever you want to call them, who really are happy sitting off St.-Tropez and Cala di Volpe and the Amalfi Coast,” Mr. Bannenberg noted.

There is a movement, he said, “towards a much greater sense of connection between the yacht and the immediate sea, by which I mean swim platforms, ‘beach clubs,’ folding terraces and hull doors that open up to the sea.”

A growing sense of environmental issues is also having an impact, Mr. Bannenberg said. “There are a few yacht-based movements and marine foundations, which are sometimes labeled as a yacht-owner’s guilt trip, that are part of the whole environmental conversation going on at the moment,” he added.

“It all adds up to a much bigger desire to actually interact with the ocean rather than sitting in a glitzy apartment that happens to be floating.”

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Melvin, Findlay and Burnham head the National Sailing Hall of Fame’s Class of 2024

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NEWPORT, Rhode Island (AP) — Pete Melvin, who helped design breakthrough boats for the America’s Cup as well as the Nacra 17 used in the Olympics, and Conn Findlay, who won Olympic medals in sailing and rowing, head the list of 12 inductees in the National Sailing Hall of Fame’s Class of 2024.

As part of the firm M&M, Melvin helped design the giant trimaran that tech tycoon Larry Ellison’s BMW Oracle Racing used to win the 2010 America’s Cup in a one-off regatta against Alinghi of Switzerland’s giant catamaran. M&M also drafted the design rules for the 72-foot catamarans used in the 2013 America’s Cup, which ushered in foiling in sailing’s marquee regatta.

M&M designed the Nacra 17 catamaran that debuted in the 2016 Olympics. For the 2021 Olympics in Tokyo, the Nacra 17 added foils. Melvin sailed in the 1988 Olympics and has won numerous national and world titles.

Findlay won a total of four Olympic medals, including a bronze medal with Dennis Conner in the Tempest class in 1976. In rowing, he won two golds and one bronze in coxed pairs. He sailed in the America’s Cup three times, including with winning skipper Ted Turner aboard Courageous in 1977.

Also entering the hall is Kevin Burnham, who won a silver medal in the 470 class in the 1992 Olympics with Morgan Reeser and then won gold with Paul Foerster in 2004.

In one of the most memorable races in Olympic history, Foerster and Burnham aggressively match-raced the British boat to the back of the fleet and stayed ahead the entire race to win the gold medal. At the finish line, Burnham, then 47, waved to race officials, let out a whoop and then did a backflip into the Saronic Gulf off Athens, barefoot and still wearing his sunglasses. Burnham died in 2020.

The induction will be Oct. 4-5 at the Chicago Yacht Club.

Among the other inductees are Jan C. O’Malley, a three-time US Sailing Yachtswoman of the Year and the first winner of the IYRU Women’s World Sailing Championship; Charles Ulmer, a national champion and race winner throughout the 1970s and 80s; and Richard Tillman, the 1965 Sailor of the Year who held national, North American and world titles in the Snipe, Finn, Laser, Sunfish and Windsurfing classes.

Also going into the hall are Franklin Wood; Allegra Mertz; brothers Eric Hall and Ben Hall; Gary Mull; and Carl Alberg.

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Larry ellison is $15b richer after oracle shares hit new all-time high.

Oracle co-founder and Chief Technology Officer Larry Ellison’s net worth surged on Wall Street’s positive reaction to the software giant’s fourth-quarter earnings results.

Forbes, which tracks the wealth of billionaires, reported a more than $15 billion increase in Ellison’s fortune on Wednesday, the day after Oracle CEO Safra Catz said she expects "continued strong AI demand to push Oracle sales and RPO even higher — and result in double-digit revenue growth" in fiscal 2025.

Ellison’s net worth climbed as Oracle shares surged, and he became the world's fifth-richest person with an estimated $171.1 billion fortune as of Thursday morning, according to Forbes.

Oracle shares hit a record $140 this week and remained around that level during Thursday trading.

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Safra said Tuesday that Oracle had "signed the largest sales contracts in our history" in the third and fourth quarters thanks to AI. In the last quarter of its fiscal 2024, it reached a deal with OpenAI and expanded its "multicloud cooperation" with Microsoft, among other contracts.

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The software giant notched fourth-quarter revenues of $14.29 billion, marking a year-over-year increase of 3%. Meanwhile, net income narrowed by 5% to $3.14 billion.

It will pay a 40 cent per share dividend in late July to eligible shareholders, Oracle said.

In April, Ellison revealed the software giant has set its sights on making Nashville the future home of its world headquarters. It has been in Austin, Texas, since 2020.

Original article source: Larry Ellison is $15B richer after Oracle shares hit new all-time high

Billionaire Larry Ellison's fortune beats Bill Gates for the first time as Oracle gets a boost from the AI craze

• Oracle co-founder Larry Ellison's fortune just surged past that of Bill Gates for the first time, to a staggering $130 billion. 
• The jump in wealth comes as Oracle gets a boost from investor hype around artificial intelligence. 
• Ellison is now ranked the world's fourth-richest person, above fellow business tycoons including Warren Buffett.  

Billionaire Larry Ellison's wealth just surged to new heights, beating Bill Gates for the first time ever. 

According to Bloomberg , the Oracle co-founder has grabbed the No. 4 spot on a list of the world's wealthiest, also surpassing fellow business tycoons including Warren Buffett and Mark Zuckerberg. 

Ellison's net worth jumped by almost $6 billion on Monday to $130 billion, while Microsoft co-founder Gates currently has $129 billion.

The surge in Ellison's fortune comes as his software company's shares get a boost from hype around artificial intelligence stocks, following the smashing debut of OpenAI's ChatGPT. 

So far this year, Oracle's stock has rallied 40% along with other tech names best exposed to the AI revolution, including Microsoft, Apple and Nvidia. The company also announced quarterly earnings on Monday, with total quarterly revenues rising 17%. 

"Oracle's Gen2 Cloud has quickly become the number 1 choice for running Generative AI workloads," Ellison said .

"Why? Because Oracle has the highest performance, lowest cost GPU cluster technology in the world. NVIDIA themselves are using our clusters, including one with more than 4,000 GPUs, for their AI infrastructure," he added. 

The AI craze has also fueled a much talked-about rally in tech stocks this year, which has helped lift the Nasdaq 100 by about 36% so far in 2023.

Other leaders in the tech industry have also seen their wealth balloon, like Ellison, thanks to the AI frenzy. That includes Nvidia CEO Jensen Huang who holds a net-worth of $35.4 billion, per Bloomberg's Billionaires Index . 

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Larry Ellison’s fortune grows $14 billion overnight, making him the seventh-richest person on earth

Oracle’s founder and largest shareholder, Larry Ellison , has jumped two spots on the Bloomberg Billionaires Index after the tech behemoth posted a bumper outlook this week.

Only yesterday Ellison’s net worth was $138 billion, but overnight that leaped $14 billion, to $152 billion .

That’s largely because the 79-year-old entrepreneur owns more than 40% of the cloud applications business, which saw its shares surge 13% on June 11 after the company posted positive year-end financial results.

As a result of his sudden increase in wealth Ellison jumped past two other tech titans on Bloomberg’s Billionaires Index : former Microsoft CEO Steve Ballmer and the founder of Google parent company Alphabet, Sergey Brin.

While Ballmer and Brin have both seen boosts to their wealth so far this year ($21.2 billion and $27.2 billion respectively), it hasn’t been enough to stay ahead of Ellison , whose fortune has ballooned by $29.1 billion in 2024 alone, taking it to a record high.

The reason for their collective riches growing so exponentially is Silicon Valley’s favorite term: artificial intelligence.

Turning first to Oracle, in its bumper outlook released Tuesday , CEO Safra Catz said the organization had signed “the largest sales contracts in our history—driven by enormous demand for training AI large language models.”

Catz, who previously held the role of CFO at Oracle, continued: “Throughout fiscal year 2025, I expect continued strong AI demand to push Oracle sales…even higher.

“In Q4 alone, Oracle signed over 30 AI sales contracts totaling more than $12.5 billion— including one with OpenAI to train ChatGPT in the Oracle Cloud.”

As well as the OpenAI contract, Oracle is also working more closely with Microsoft—a backer of the ChatGPT maker—and Google. During the earnings call, Ellison said: “As customers continue to choose and use multiple clouds, hyperscalers like Microsoft and Google are responding by interconnecting their clouds. 

“Oracle recently signed an agreement with Google to interconnect our clouds… We expect the Oracle database to be available within the Google Cloud in September this year.”

Ellison’s not the only one

Others with Big Tech ties have also seen their wealth spike this year thanks to—you guessed it—AI. Across the board the super-rich have seen at least $150 billion added to their fortunes courtesy of the tech.

Take Brin , who owns 41.8% of Alphabet’s Class B stocks—per the company’s 2023 proxy statement —and CEO Sundar Pichai, who owns 227,560 Class A shares. Both individuals have seen their fortunes grow thanks to the disruptive technology, with Pichai now nearing billionaire status thanks to his salary package and stock awards.

Alphabet’s stock has surged this year —up 28% for the year to date at the time of writing—but has bounced particularly when earnings have shared positive AI news. On April 25, in one example, the company announced its Q12024 results and said it was “well underway with our Gemini era ” and was continuing to establish itself as an AI leader.

The market liked what it heard, and shares opened 15% higher the day following the announcement compared to the morning prior.

The story is the same for Ballmer and Microsoft cofounder Bill Gates. In April, Gates’s wealth grew $2 billion off the back of an earnings call which mentioned AI 50 times, as CEO Satya Nadella revealed a raft of new AI deployments. He said: “We have the most powerful AI infrastructure, and it’s being used by our partner, OpenAI, as well as  Nvidia  and leading AI startups like Adept and Inflection to train large models.”

After the call Microsoft shares logged their best single-day percentage hike since November 2022. Analysts also pointed out the shares reached a milestone on an absolute basis—they had previously never risen more than $19.77 in a single session, until they did at the end of April.

Elsewhere Meta founder Mark Zuckerberg’s wealth has grown thanks to a combination of his “year of efficiency” and his adventures in artificial intelligence. In January, Zuckerberg outlined a raft of measures to streamline the company and in February outlined a wider artificial intelligence strategy —since then his wealth has grown from $63 billion to $181 billion, per Bloomberg’s Billionaires Index .

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