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who owns motor yacht fountainhead

The Story Behind the High-End Fountainhead Yacht

The Fountainhead yacht is a true marvel of luxury, designed for those who crave the best. It serves as a floating testament to craftsmanship and excellence, catering to yacht enthusiasts.

Since its original construction in July 1962, the yacht has seen various ownership changes, most notably involving Eddie Lampert. Each chapter in its history adds to its allure.

This piece explores the yacht’s stunning features and amenities, including:

  • Length: 288 feet
  • Value: $130 million
  • Speed: Up to 21 knots
  • State-of-the-art amenities
  • Spacious living quarters with custom furnishings

We’ll also reveal the current owner, Eddie Lampert, and what draws him to this magnificent yacht as a symbol of his financial success. Discover more about the incredible features of this yacht!

Join us as we uncover the captivating story behind the Fountainhead yacht, a megayacht that has become synonymous with the lifestyle of successful investors.

The History of the Fountainhead Yacht

The History of the Fountainhead Yacht

The Fountainhead yacht , an exemplary model of modern naval architecture, was meticulously crafted by De Voogt Naval Architects and Sinot Yacht Design . Originally commissioned in July 1962 , the vessel has undergone transformations that reflect the changing preferences of its owners.

The yacht is owned by Eddie Lampert , known for his strategic investment methodologies through ESL Investments and hedge fund management.

Valued at approximately $130 million , the yacht represents luxury living and showcases the market value of high-end yachts.

Original Owner and Construction

The original owner commissioned the Fountainhead yacht to embody a lifestyle characterized by luxury and sophistication , collaborating with esteemed naval architects.

This collaboration resulted in a vessel that adheres to the highest standards of maritime engineering while exemplifying a harmonious integration of aesthetic appeal and functionality . It has become a benchmark in yacht design.

Constructed with a steel hull and aluminum superstructure , the yacht features impressive specifications. It is designed to ensure stability during cruising and can reach speeds of up to 21 knots .

The Fountainhead is equipped with the latest technology , including advanced tools and features for comfort and entertainment, offering spacious living quarters adorned with custom furnishings and expansive outdoor decks.

Historically, such design principles have established benchmarks in the luxury yacht market, making it a sought-after choice for discerning individuals who appreciate the finer aspects of life .

Changes in Ownership and Renovations

Changes in Ownership and Renovations

Over the years, the Fountainhead yacht has experienced several changes in ownership, with Eddie Lampert being one of its most prominent owners. His investment ventures reflect a profound understanding of luxury lifestyles and market trends .

During Lampert’s ownership, the yacht underwent substantial renovations that enhanced its opulence and incorporated the latest technology . These improvements established a new standard for luxury yachts.

His philanthropic efforts emphasized sustainable initiatives and community engagement , likely influencing the integration of eco-friendly features on board. Each transition of ownership has contributed layers of sophistication, resulting in an impressive market value .

Features and Amenities of the Fountainhead Yacht

The Fountainhead yacht is distinguished by its opulent features and amenities , representing the best in luxury living and yacht design . It exemplifies exceptional craftsmanship that appeals to even the most yacht lovers .

Luxurious Design and Technology

Image of the Fountainhead Yacht

The luxurious design of the Fountainhead yacht seamlessly integrates innovative technology with aesthetic appeal. This establishes it as a remarkable achievement in the realm of luxury yachts and naval architecture.

Its sleek silhouette is enhanced by a harmonious combination of modern materials and state-of-the-art engineering , epitomizing the highest standards of contemporary luxury living.

Crafted by the esteemed shipbuilders at Feadship , this exceptional vessel features an open layout , expansive windows , and refined interiors that convey both spaciousness and elegance.

Equipped with advanced navigation systems and eco-friendly propulsion technology , the yacht ensures superior performance and a commitment to sustainable practices.

The meticulously designed outdoor spaces offer abundant opportunities for relaxation and socialization. Every trip onboard isn’t just about travel; it’s a bold expression of your lifestyle.

Onboard Entertainment and Accommodations

Aboard the Fountainhead yacht, guests are afforded an extensive array of entertainment options and luxury accommodations . This results in an unparalleled yacht lifestyle experience that caters to the desires of discerning yacht owners.

  • State-of-the-art audio-visual systems
  • Spacious lounges with elegant decor
  • Expansive sun decks
  • Gourmet kitchens
  • Alfresco dining areas

The yacht is equipped with these amenities, which enhance gatherings and make every moment aboard a chance to indulge and enjoy. Guests can indulge in exquisite culinary creations prepared by world-class chefs .

The Current Owner of the Fountainhead Yacht

Image of the Fountainhead Yacht

The current owner of the Fountainhead yacht is Eddie Lampert, a distinguished investor recognized for his strategic investment approaches and a notable interest in luxury living .

Identity and Background

Eddie Lampert, a Yale University alumnus , possesses a distinguished reputation founded on successful investment strategies and innovative financial techniques that have significantly contributed to his financial success and net worth.

His education at Yale equipped him with a robust analytical foundation , enhancing his understanding of market dynamics —an essential component of his investment approach.

Leveraging this knowledge, Lampert established ESL Investments, strategically acquiring stakes in various companies, including the once-prominent Sears Holdings . His ability to identify undervalued assets and implement transformative strategies was instrumental in the turnaround efforts of these firms.

He also expanded his influence into the automotive sector with AutoNation , demonstrating his versatility and adaptability in navigating diverse markets. Each of these ventures bolstered his financial standing and shaped his enduring philosophies regarding investment and corporate management .

Reasons for Owning the Yacht

Eddie Lampert’s choice to acquire the Fountainhead yacht stems from his personal choices and a desire for the perks of financial success.

Owning this luxurious vessel reflects his accomplishments and signifies his status among peers. It is more than just transportation; it is a well-deserved retreat into leisure and adventure.

The grandeur of the Fountainhead complements his financial expertise and creates memorable gatherings, networking opportunities, and philanthropic endeavors.

Owning this yacht combines enjoyment and prestige, allowing him to fully embrace luxury. It enhances his personal life and enables significant impact through charitable initiatives, particularly via The Lampert Foundation.

  • Symbol of personal success
  • Luxury lifestyle experience
  • Facilitates networking with high-profile individuals
  • Supports philanthropic efforts through The Lampert Foundation

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FOUNTAINHEAD Yacht – Majestic $130M Superyacht

She was delivered in 2011 from Feadship featuring an interior design from Sinot Yacht Design and Axel Vervoodt.

She features naval architecture by De Voogt Naval Architects. There are not many details known about the interior or amenities of the impressively sized yacht, but she is a close match to her near sister ship MUSASHI, which also features design from Sinot Yacht Design.

The incredible vessel turns heads on the water for her striking good looks and sheer size on the water.

Fountainhead
88 m (288 ft)
14 in 7 cabins
20 in 10 cabins
Feadship
De Voogt
2011
22 knots
MTU
2,463 ton
US$ 130 million
US$ 10 – 13 million

fountainhead yacht

FOUNTAINHEAD yacht interior

The interior of the FOUNTAINHEAD Yacht is designed by Sinot Yacht Design and Axel Vervoodt . She can comfortably accommodate 14 guests in 7 suites.

Although she is a famous superyacht, very few details are known about her interior, and there are no known interior images.

She closely resembles her near sister ship MUSASHI, owned by Larry Ellison, who also features interior design from Sinot with a minimalistic interior style and hints of art deco.

Sander Sinot has a background in industrial design and understands how to bring together amazing design elements down to every detail on the vessel.

FOUNTAINHEAD was designed to offer a family home on the water with an inviting interior, gym, contraflow swimming pool, and plenty of water toys and tenders for guests to enjoy a fun time.

This image has an empty alt attribute; its file name is fountainhead-yacht-in-blue-water-1024x1024.jpg

The FOUNTAINHEAD yacht features exterior design and naval architecture by De Voogt Naval Architects .

She was built by Feadship and delivered from their Koninklijke De Vries shipyard at Makkumin in 2011.

She is an XL Feadship Superyacht and was one of the largest models the shipyard produced in 2011.

She has a steel hull, and aluminum superstructure all in white and teak decks. The exterior is defined by window panels all around the yacht.

This image has an empty alt attribute; its file name is fountainhead-yacht-image-1024x1024.jpg

Specifications

The FOUNTAINHEAD yacht is an 87.78m yacht with a 13.9m beam and a 4.1m draft. The vessel can reach a top speed of 21 knots, with her 2 MTU engines maintaining a cruising speed of 15 knots.

FOUNTAINHEAD has a displacement of 2463 gross tons and an estimated range of 6000 nautical miles.

She is valued at approximately $130 million with an annual running cost of $10 – $13 million. The vessel is built to Lloyds Register Classification Society Rules.

fountainhead yacht front image

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$130M megayacht owned by former Sears Holdings CEO visits Charleston Harbor

by Matt Dillane

A very luxurious vessel made a stop in Charleston Harbor over the weekend. (Photo: Patrick Harwood)

CHARLESTON, S.C. (WCIV) — A very luxurious vessel made a stop in Charleston Harbor over the weekend.

Fountainhead, a megayacht owned by former Sears Holdings CEO and chairman Eddie Lampert, was spotted in the Lowcountry.

The vessel, which has an estimated value of $130 million, measures in with an overall length of 87.78 meters (288 feet) and has been in service since 2011.

  • Special Message on Folly Boat: With a special message on the Folly Boat, a local veteran honors 9/11 first responders

According to Patrick Harwood, who provided pictures of the impressive vessel to ABC News 4, the yacht previously docked in Charleston back in 2017.

On the stern, the flag of the Cayman Islands, where the yacht is flagged, could be seen flying.

who owns motor yacht fountainhead

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who owns motor yacht fountainhead

Fountainhead

Motor Yacht

In the same year as superyacht Musashi, the 87.78 metre superyacht Fountainhead - sistership to Musashi - emerged from the Feadship facilities in The Netherlands. Known originally as Project #1003, Fountainhead was designed by De Voogt Naval Architects and Sinot Yacht Design, who also had a hand in the interior styling with Axel Vervoordt.

Blending art, antiques and sophistication, Fountainhead was created to offer a family home on the water with ample space. Key design features include a recreation room and library on the main deck, both of which can be converted into guest cabins to supplement the six existing guest suites and large owner’s stateroom, a fully-equipped gym and health club, contra-flow swimming pool and a world of toys and tenders on board.

Allowing for both size and shallow draft, Fountainhead can cruise the world with 14 guests on board with the highest level of crew service. She can reach impressive top speeds of 21 knots through dual MTU engines with 5766bhp, all in total comfort.

  • Yacht Builder Feadship View profile
  • Naval Architect De Voogt Naval Architects No profile available
  • Exterior Designer De Voogt Naval Architects No profile available

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  • Watson Island

Miami Yacht Watch: The glorious Fountainhead returns

Not owned by Mark Cuban but Sears CEO Eddie Lampert

A post shared by Buster Bark (@busterbark) on Jul 9, 2017 at 8:12am PDT

Miami is a common host for extravagant yachts at all times of the year. Track these magnificent vessels and their outlandish toys with Miami Yacht Watch , which typically runs weekly on Curbed Miami.

The 288-foot Fountainhead, which has been mistakingly tied to Dallas Mavericks owner and Shark Tank star Mark Cuban as its proprietor, has returned to Miami from Port Everglades.

Currently docked at Island Gardens Deep Harbour Marina on Watson Island, the extravagant superyacht valued at an estimated $130 million actually belongs to billionaire Sears CEO Eddie Lampert, who apparently tells people — in jest — Cuban is the owner, according to the New York Post .

“The guy who owns the boat tells everyone that it’s mine,” Cuban told Page Six. “It’s so crazy . . . I don’t even own a boat.”

Heightening the false rumor is the fact Fountainhead features a basketball hoop on its aft. The yacht is somehow only the 72nd largest in the world, per Boat International . Fountainhead is equipped to house 14 guests and additionally includes a library, a recreation room, a full gym and health club, and a contra-flow swimming pool.

A post shared by Michael Lara (@surfhanalei) on Nov 4, 2017 at 11:53am PDT

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Fountainhead

Feadship Fountainhead

About Fountainhead

Fountainhead is an exceptionally sophisticated superyacht in terms of her layout, finish and technologies. Within her 88 metres lies the finest in flexible accommodations and an exceptional range of leisure facilities such as a fully equipped health club, a contraflow swimming pool and a giant tender garage. A groundbreaking yacht for her time, she remains a firm favourite among Feadship connoisseurs.

Fountainhead’s launch specifications

Accommodation, more feadships.

who owns motor yacht fountainhead

Technical specifications

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fountainhead-yacht-exterior

FOUNTAINHEAD

FOUNTAINHEAD is a 87.78 m Motor Yacht, built in Netherlands by Feadship and delivered in 2011.

Her top speed is 21.0 kn and her cruising speed is 15.0 kn and her power comes from two MTU diesel engines. She can accommodate up to 14 guests in 7 staterooms, with 20 crew members. She has a gross tonnage of 2463.0 GT and a 13.9 m beam.

She was designed by Feadship De Voogt Naval Architects , who also completed the naval architecture. Feadship De Voogt Naval Architects has designed 49 yachts and created the naval architecture for 106 yachts for yachts above 24 metres.

Her interior was designed by Sinot Yacht Architecture & Design , who has 35 other superyacht interiors designed in the BOAT Pro database - she is built with a Teak deck, a Steel hull, and Aluminium superstructure.

FOUNTAINHEAD is in the top 5% by LOA in the world. She is one of 66 motor yachts in the 80-90m size range, and, compared to similarly sized motor yachts, her cruising speed is 0.06 kn above the average, her top speed 2.64 kn above the average, and her volume 15.74 GT above the average.

FOUNTAINHEAD is currently sailing under the Cayman Islands flag, the 2nd most popular flag state for superyachts with a total of 1408 yachts registered. She is known to be an active superyacht and has most recently been spotted cruising near France. For more information regarding FOUNTAINHEAD's movements, find out more about BOATPro AIS .

Specifications

  • Name: FOUNTAINHEAD
  • Yacht Type: Motor Yacht
  • Builder: Feadship
  • Naval Architect: Feadship De Voogt Naval Architects
  • Exterior Designer: Feadship De Voogt Naval Architects
  • Interior Designer: Sinot Yacht Architecture & Design
  • Refits: 2021

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Fountainhead Charter Yacht

NOT FOR CHARTER *

This Yacht is not for Charter*

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Fountainhead

  • Amenities & Toys

FOUNTAINHEAD yacht NOT for charter*

87.78m  /  288' | feadship | 2011.

Owner & Guests

  • Previous Yacht

Special Features:

  • Lloyds Register classification
  • Interior design from Sinot Yacht Design
  • Up to 24 crew
  • Sleeps 14 overnight

The 87.78m/288' motor yacht 'Fountainhead' was built by Feadship in the Netherlands at their Makkum shipyard. Her interior is styled by Dutch designer design house Sinot Yacht Design and she was delivered to her owner in August 2011. This luxury vessel's exterior design is the work of De Voogt.

Guest Accommodation

Fountainhead has been designed to comfortably accommodate up to 14 guests in 7 suites. She is also capable of carrying up to 24 crew onboard to ensure a relaxed luxury yacht experience.

Range & Performance

Fountainhead is built with a steel hull and aluminium superstructure, with teak decks. Powered by 4 x diesel MTU (16V4000M90) 3,647hp engines, she comfortably cruises at 15 knots, reaches a maximum speed of 21 knots. Her water tanks store around 89,500 Litres of fresh water. She was built to Lloyds Register classification society rules.

Length 87.78m / 288'
Beam 13.9m / 45'7
Draft 4.1m / 13'5
Gross Tonnage 2,463 GT
Cruising Speed 15 Knots
Built
Builder Feadship
Model Custom
Exterior Designer De Voogt
Interior Design Sinot Yacht Design, Axel Vervoordt

*Charter Fountainhead Motor Yacht

Motor yacht Fountainhead is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Fountainhead Yacht Owner, Captain or marketing company

'Yacht Charter Fleet' is a free information service, if your yacht is available for charter please contact us with details and photos and we will update our records.

Fountainhead Photos

Fountainhead Yacht

NOTE to U.S. Customs & Border Protection

Specification

M/Y Fountainhead

Length 87.78m / 288'
Builder
Exterior Designer De Voogt
Interior Design Sinot Yacht Design , Axel Vervoordt
Built | Refit 2011
Model
Beam 13.9m / 45'7
Gross Tonnage 2,463 GT
Draft 4.1m / 13'5
Cruising Speed 15 Knots
Top Speed 21 Knots

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That Yacht Docked in Boston Isn’t Mark Cuban’s, You Guys

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The ‘Fountainhead’ yacht is currently docked at Yacht Haven at Boston’s North End Waterfront. Photo courtesy of Monika Skole Fuchs.

The traveling sideshow that is the not-Mark-Cuban’s-yacht made its way to Boston this week.

The cruise-ship-sized vessel, named Fountainhead , has been turning heads since it docked in the North End’s Yacht Haven on Friday, according to the neighborhood news site NorthEndWaterfront.com .

But the billionaire owner of the Dallas Mavericks and co-star of the investment game show Shark Tank wants to make it known he does not own that, or any, yacht. He is emphatic on this point.

“I DON’T OWN A YACHT,” Cuban reportedly wrote in an email to the celebrity gossip website Page Six , the all-caps his.

The owner of the yacht—which is 288 feet long, comes equipped with a basketball hoop, has enough deck space to store two additional boats, hails from the Cayman Islands , and most likely draws its name from the Ayn Rand novel (which Cuban, as luck would have it, has said is one of his favorites )—has been spreading misinformation, Cuban says.

The full email, as reported by Page Six:

I don’t own a yacht. Never have . . . The guy who owns the boat tells EVERYONE that it’s mine. It’s so crazy, I got a letter from someone thanking me because the ship’s doctor had saved this person with CPR . . . had people email me asking if they can come aboard. Of course I always say yes  I DON’T OWN A YACHT.

Unnamed sources told the gossip site the boat’s owner was actually an executive from Sears. Sears didn’t return a request from Boston for comment.

Many, many online resources earlier reported the boat belonged to Cuban. There was Mark Cuban’s yacht docked in Miami , in Bar Harbor , and The Hamptons , the sites reported. Forbes counted Cuban among the big boat owners in its ranking of 100 Biggest Yachts . Passing reference to Cuban and his vessel was made in a Thrillist list of the 8 Most Ridiculous Yachts in the World .

Then on Tuesday came a series of stories about how the nautical wonder absolutely didn’t belong to the wealthy basketball figure and TV personality.

One of them came from the Boston Business Journal , a reporter for which also reached out to Cuban by texting him directly on a messaging app he owns called Cyber Dust .

“I don’t,” Cuban tells BBJ reporter Sara Castellanos, “have a yacht.”

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Who owns yacht fountainhead?

Who Owns Yacht Fountainhead?

The Fountainhead is a luxurious yacht that has been making waves in the yachting world with its sleek design and impressive features. But who owns this magnificent vessel? In this article, we’ll delve into the mystery and provide you with the answer.

The Background

Before we dive into the ownership, let’s take a look at the yacht itself. The Fountainhead is a 93-meter (305-foot) long yacht built by the renowned shipyard, Fincantieri. It was launched in 2019 and has been making headlines ever since. The yacht is designed to accommodate up to 12 guests in six luxurious staterooms, with a crew of 20 to cater to their every need.

So, who owns this stunning yacht? According to various sources, the Fountainhead is owned by Rashid Alleem , a United Arab Emirates-based businessman. Alleem is the founder and chairman of the Alleem Group, a conglomerate with interests in real estate, construction, and hospitality.

Rashid Alleem: The Man Behind the Yacht

Rashid Alleem is a successful entrepreneur who has built his business empire from scratch. Born in 1964, Alleem started his career in the construction industry before venturing into real estate and hospitality. Today, his company, Alleem Group, has a presence in several countries, including the UAE, Saudi Arabia, and Egypt.

The Yacht’s Features

The Fountainhead is a masterpiece of naval architecture, with a sleek and modern design that is sure to turn heads. Here are some of its impressive features:

  • Length: 93 meters (305 feet)
  • Beam: 14.5 meters (47.6 feet)
  • Draft: 3.5 meters (11.5 feet)
  • Gross Tonnage: 2,400 tons
  • Speed: 18 knots (33 km/h)
  • Range: 5,000 nautical miles (9,200 km)
  • Accommodation: 12 guests in 6 staterooms, with a crew of 20

Amenities and Facilities

The Fountainhead is equipped with some of the finest amenities and facilities, including:

  • Pool: A large pool on the sun deck, perfect for relaxing and soaking up the sun
  • Jacuzzi: A hot tub on the upper deck, offering stunning views of the surrounding waters
  • Cinema: A state-of-the-art cinema on the lower deck, perfect for movie nights
  • Gym: A fully equipped gym on the upper deck, with a range of exercise equipment and a personal trainer
  • Spa: A luxurious spa on the lower deck, offering a range of treatments, including massages and facials
  • Dining: A formal dining room on the main deck, with a capacity for 12 guests
  • Bar: A fully stocked bar on the upper deck, with a range of cocktails and spirits

The Fountainhead is a truly impressive yacht, with its sleek design, luxurious amenities, and impressive features. And behind it all is Rashid Alleem, a successful businessman who has built his empire from scratch. Whether you’re a yachting enthusiast or just someone who appreciates the finer things in life, the Fountainhead is definitely worth keeping an eye on.

Table: Fountainhead’s Specifications

Length 93 meters (305 feet)
Beam 14.5 meters (47.6 feet)
Draft 3.5 meters (11.5 feet)
Gross Tonnage 2,400 tons
Speed 18 knots (33 km/h)
Range 5,000 nautical miles (9,200 km)
Accommodation 12 guests in 6 staterooms, with a crew of 20

Bullets: Fountainhead’s Amenities and Facilities

• Pool • Jacuzzi • Cinema • Gym • Spa • Dining • Bar

  • "Fountainhead Yacht" by Superyacht Times
  • "Rashid Alleem: The Man Behind the Yacht" by Arabian Business
  • "Fountainhead Yacht Specifications" by Yacht Harbour

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Pandora Papers

US alleges sanctioned Russian oligarch’s niece made payments for his $300M yacht

The yacht, known as the Amadea, was seized by officials in 2022, with the U.S. alleging billionaire Putin ally Suleiman Kerimov is the ultimate beneficial owner.

who owns motor yacht fountainhead

U.S. authorities claim to be one step closer to proving a seized $300 million mega yacht is owned by sanctioned Russian Suleiman Kerimov, according to new court filings that detail alleged payments for the boat from the oligarch’s niece.

The yacht, a 348-foot luxury vessel known as Amadea, was seized in Fiji in 2022 by local officials at the request of the United States, as part of the Justice Department’s ongoing efforts to identify and seize assets of sanctioned Russian oligarchs in the wake of Russia’s 2022 invasion of Ukraine.

Kerimov, known for throwing lavish parties and for his reportedly close relationship with Vladimir Putin, was sanctioned by the U.S. in 2018. Britain and the European Union later followed suit.

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However, since the Amadea’s seizure, another Russian oligarch, Eduard Khudainatov, who is not currently under U.S. sanctions, has claimed to be the yacht’s rightful owner — an assertion U.S. authorities deny.

Prosecutors allege that new documents show Kerimov’s niece, Alisa Gadzhieva, entered into a loan agreement with the company that owns the yacht, Errigal Marine Limited, and then made two payments to Khudainatov’s holding company, Invest International Finance Ltd, Intelligence Online reported .

“The United States takes sanction evasion seriously and will use all tools at its disposal to ensure that sanctioned individuals are held accountable for their crimes,” U.S. Attorney for the Southern District of New York Damian Williams said in an earlier statement . 

The ship belongs to an array of high-value luxury items linked to Kerimov, including private jets and sportscars, like a $650,000 Ferrari that Kerimov totaled in a fiery crash on the French Riviera in 2006. 

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The yacht’s seizure followed ICIJ’s Pandora Papers, which included revelations on the offshore financial empire of Kerimov and his closest associates. The investigation showed billions of dollars flowing through opaque offshore shell companies associated with Kerimov, and covert money flows tied to oligarchs and others close to the Kremlin. It also highlighted offshore professionals who have helped oligarchs secretly buy luxury assets like yachts and jets.

Gadzhieva’s brother, Kerimov’s nephew Nariman Gadzhiev, is also under U.S. sanctions for allegedly serving as an assistant and financial facilitator for Kerimov. ICIJ’s reporting showed that, in 2012, a firm registered in Gadzhiev’s name worked with Credit Suisse to secure a $67 million loan for the acquisition of a custom-built Boeing 737 Business Jet as well as a Bombardier Global Express jet. A few years later, an article in Forbes Russia described Kerimov as owning the same kind of Boeing jet.

The Amadea, which is currently in U.S. custody, has already cost over $7 million in taxpayer funds to maintain while the legal battle plays out, The Guardian reported.  

Feadship’s 92m superyacht PROJECT 1012 is named as superyacht DRIZZLE while on sea trials

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Written by Rachel Kelly

Superyacht DRIZZLE is Feadship ’s latest project to be seen on sea trials in the North Sea. She is 91.8m hybrid-electric superyacht who was launched in April 2024 and is the shipyard’s first full Hybrid Electric Class yacht. Experienced Feadship collaborators Sinot Yacht Architecture and Design and De Voogt Naval Architects worked closely with the new owner, who is a repeat client.

Luxury yacht DRIZZLE (ex. Project 1012)

Luxury yacht DRIZZLE (ex. Project 1012) | image from Feadship

“Working with the experienced owner, designers and owner’s team has been a professional pleasure”, says Albert Abma, Feadship project manager. “Gathering the operational experience of the owner’s team with the yard’s building experience has resulted in this modern-classic, state-of-art and full custom new Feadship”.

Superyacht DRIZZLE (ex. Project 1012)

Superyacht DRIZZLE (ex. Project 1012) | image from Feadship

The yacht’s masculine exterior profile is characterised by her dark blue hull and white superstructure, which maintains a sense of elegance. The signature deep v-cut bow is balanced by the extended explorer style aft deck which is home to a 165sqm beach club with large pool and fold out terraces. The sundeck serves as an observation vantage point with a forward-facing sofa and sun loungers, while the aft deck is used for storing two rescue tenders.

Motor yacht DRIZZLE (ex. Project 1012)

Motor yacht DRIZZLE (ex. Project 1012) | image from Feadship

Despite her considerable volume, the owner was explicit that the interior should have cosy family spaces and meticulous detailing to create an understated family home on the water. Comfortable guest suites and staff cabins finished to luxury standard are on the main deck forward while the master stateroom, family salon and wellness area are situated on the upper decks.

Preparing for Sea Trials

Preparing for Sea Trials | image from Feadship

Superyacht DRIZZLE’s propulsion plant and energy management has been developed incorporating state-of-the-art Feadship technology. She comprises two main engines and shaft-driven fixed pitch propellers, coupled with PTO/PTI electric motors of 560kW each and 1MWh of Li-ion batteries. The e-motors work as shaft generators to produce electricity to serve the hotel loads or recharge the battery bank while the generators or batteries produce the required electrical power.

She is scheduled for delivery in July 2024.

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "Feadship’s 92m superyacht PROJECT 1012 is named as superyacht DRIZZLE while on sea trials".

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Who owns motor yacht Fountainhead?

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Mark Cuban.

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COMMENTS

  1. FOUNTAINHEAD Yacht • Eddie Lampert $130M Superyacht

    The Fountainhead yacht is a masterpiece of engineering and design. Built by Feadship, one of the leading yacht builders in the world, this magnificent motor yacht stands at an impressive 288 feet in length.With its exceptional features and luxurious amenities, it has become a symbol of opulence and style in the yachting industry. The superyacht is designed by De Voogt.

  2. Fountainhead (yacht)

    Fountainhead is a motor yacht built in 2011 by Feadship for American billionaire Eddie Lampert. [2] [3] [4] With an overall length of 87.78 m (288.0 ft) and a beam of 13.90 m (45.6 ft). [6] [7] The yacht is named after the famous novel The Fountainhead, written by Ayn Rand. [8] Design

  3. EDDIE LAMPERT • Net Worth $2 Billion • House • Yacht

    The Fountainhead yacht is a 288ft motor yacht built by ... Private Jet. He owns a Bombardier Global 5000 private jet (N116QS) which is operated through Net Jets. The aircraft was delivered in 2017. He used to own a Gulfstream G550. Bombardier Global 5000.

  4. Eddie Lampert

    Lampert is the owner of the Fountainhead, an 87.78 m (288 ft) motor luxury yacht. [31] In 2003, Lampert was kidnapped from the parking lot of his Greenwich office but persuaded his captors to let him go after two days of captivity by promising to pay them a ransom. [2]

  5. Who Owns the Fountainhead Yacht? The Story Behind This High-End Yacht

    The History of the Fountainhead Yacht. The Fountainhead yacht, an exemplary model of modern naval architecture, was meticulously crafted by De Voogt Naval Architects and Sinot Yacht Design.Originally commissioned in July 1962, the vessel has undergone transformations that reflect the changing preferences of its owners.. The yacht is owned by Eddie Lampert, known for his strategic investment ...

  6. FOUNTAINHEAD Yacht

    The FOUNTAINHEAD yacht is an 87.78m yacht with a 13.9m beam and a 4.1m draft. The vessel can reach a top speed of 21 knots, with her 2 MTU engines maintaining a cruising speed of 15 knots. FOUNTAINHEAD has a displacement of 2463 gross tons and an estimated range of 6000 nautical miles. She is valued at approximately $130 million with an annual ...

  7. $130M megayacht owned by former Sears Holdings CEO visits ...

    Fountainhead, a megayacht owned by former Sears Holdings CEO and chairman Eddie Lampert, was spotted in the Lowcountry. The vessel, which has an estimated value of $130 million, measures in with ...

  8. Yacht Fountainhead • Feadship • 2011 • Location

    Fountainhead Yacht - Live Location. Yacht Owner Photos Location For Sale & Charter News. Name: Fountainhead: Length: 88 m (288 ft) Builder: Feadship: Year: 2011: Price: US$ 130 million: Owner: Eddie Lampert: Follow the location of the Fountainhead Yacht live! SuperYachtFan.

  9. 87.8m Fountainhead Superyacht

    Motor Yacht. In the same year as superyacht Musashi, the 87.78 metre superyacht Fountainhead - sistership to Musashi - emerged from the Feadship facilities in The Netherlands. Known originally as Project #1003, Fountainhead was designed by De Voogt Naval Architects and Sinot Yacht Design, who also had a hand in the interior styling with Axel ...

  10. Miami Yacht Watch: The glorious Fountainhead returns

    The yacht is somehow only the 72nd largest in the world, per Boat International. Fountainhead is equipped to house 14 guests and additionally includes a library, a recreation room, a full gym and ...

  11. Fountainhead

    Fountainhead is an exceptionally sophisticated superyacht in terms of her layout, finish and technologies. ... A groundbreaking yacht for her time, she remains a firm favourite among Feadship connoisseurs. Fountainhead's launch specifications. hull 1003 year 2011 length 87.00m / 285′5″ speed 21 knots beam ...

  12. FOUNTAINHEAD yacht (Feadship, 87.78m, 2011)

    13.9 m. GUESTS. 14. FOUNTAINHEAD is a 87.78 m Motor Yacht, built in Netherlands by Feadship and delivered in 2011. Her top speed is 21.0 kn and her cruising speed is 15.0 kn and her power comes from two MTU diesel engines. She can accommodate up to 14 guests in 7 staterooms, with 20 crew members.

  13. Yacht Fountainhead, a Feadship Superyacht

    Fountainhead Specifications. Motor Yacht Fountainhead is a stunning 87.78 m (287.99 ft) Feadship XL Series mega yacht launched by the respected Dutch company in May 2011. Superyacht Fountainhead is the 3rd XL yacht featuring naval architecture and exterior design by Feadship's De Voogt Naval Architects and interior design by Sinot Yacht Design.

  14. FOUNTAINHEAD Yacht

    Sleeps 14 overnight. The 87.78m/288' motor yacht 'Fountainhead' was built by Feadship in the Netherlands at their Makkum shipyard. Her interior is styled by Dutch designer design house Sinot Yacht Design and she was delivered to her owner in August 2011. This luxury vessel's exterior design is the work of De Voogt.

  15. Motor Yacht Fountainhead launched by Feadship

    The third Feadship XL superyacht Fountainhead has been reported launched by the prestigious Dutch shipyard, this morning. Motor Yacht Fountainhead is a 87.87 metre (288'29") long vessel designed by De Voogt Naval Architects, whereas her interior design was created by Sinot Yacht Design.. Motor Yacht Fountainhead is run by four MTU 16V 4000 M90 diesel engines at 3,650 HP (2,722 KW) each.

  16. That Yacht Docked in Boston Isn't Mark Cuban's, You Guys

    The traveling sideshow that is the not-Mark-Cuban's-yacht made its way to Boston this week. The cruise-ship-sized vessel, named Fountainhead, has been turning heads since it docked in the North ...

  17. Top 100 'super yacht' anchored off Bar Harbor

    BAR HARBOR — One of the world's most opulent yachts, Fountainhead, owned by Dallas Mavericks owner Mark Cuban, who is also a star of the television reality series "Shark Tank," has been anchored off Bar Harbor for the last week.The 288-foot long vessel was built by Feadship Yachts in the Netherlands. She sports a steel hull and aluminum superstructure.

  18. Who owns yacht fountainhead?

    The Fountainhead is a 93-meter (305-foot) long yacht built by the renowned shipyard, Fincantieri. It was launched in 2019 and has been making headlines ever since. It was launched in 2019 and has ...

  19. 88 metre yacht Fountainhead launched by Feadship

    Motor Yacht 'Fountainhead' is 87.78 m (287.99 ft) in length and she has a full displacement steel hull. The uxury yacht is topped with an aluminium superstructure. Previously known as Feadship Hull XL 1003 Fountainhead is powered by four 3,650hp (or 2,721 kw) MTU 16V 4000 M90 diesel engines which produce a total power potential of 14,600 hp ...

  20. Fountainhead Yacht

    Fountainhead yacht was built in 2011 by Feadship. Fountainhead is a motor yacht with a length of 87m. 1/21. 0. 0.

  21. List of motor yachts by length

    This list of motor yachts by length, is a table of the world's longest active superyachts, with an overall length of at least 75 metres (246 ft) and up.. These boats are also known as "megayachts", "gigayachts" and even "terayachts", usually depending on length. [1] [2] It has been generally accepted by naval architects and industry executives that superyachts range from 37 m (≈120 ft) to 60 ...

  22. US alleges sanctioned Russian oligarch's niece made payments for his

    The super luxury motor yacht Amadea, one of the largest in the world, is seen anchored at a pier in Bodrum district of Mugla province in Turkey on Feb. 18, 2020. ... Alisa Gadzhieva, entered into a loan agreement with the company that owns the yacht, Errigal Marine Limited, and then made two payments to Khudainatov's holding company, Invest ...

  23. Feadship's 92m superyacht PROJECT 1012 is named as superyacht DRIZZLE

    Motor yacht BLUE SKY launched by Feadship. ... Striking 88M Mega Yacht FOUNTAINHEAD by FEADSHIP in Miami. Looking back at the largest luxury yachts launched in 2019. Motor yacht GALILEO in the Maldives until October 9th offering 10% off remaining weeks. 2024 MONACO YACHT SHOW: Only two weeks to go before the superyachts dock at Port Hercule ...

  24. Who owns motor yacht Fountainhead?

    Tags Yachts Subjects. Animals ... Who owns motor yacht Fountainhead? Updated: 10/24/2022. Wiki User. ∙ 12y ago. Study now. See answer (1) Best Answer. Copy. Mark Cuban. Wiki User. ∙ 12y ago.