No Boat Finance Needed Part II

Last updated on December 16th, 2015 at 11:31 am

Rising Sun yachtAs a follow-on from our last piece on superyachts, one person who is closely linked to the world of the superyacht but didn’t get a mention in the article is Oracle co-founder and chief executive, Larry Ellison. Worth an estimated $41billion, you’d have to guess that he didn’t need to apply for boat finance for any of the yachts he’s had built.

As you’d expect for the 8th richest man in the world, Ellison has a number of expensive hobbies, with the yachts just one interest alongside aviation, fast cars (according to Wikipedia he drives an Audi R8 and a McLaren F1) and luxury homes around the world.

He currently owns an 88m yacht called Musashi, named after a famous Japanese Samurai warrior, which was built by Dutch yachtbuilder Feadship. The boat designers, Sinot Yacht Design, not only designed the interior and exterior of the yacht, but influenced the overall design down to cutlery, paintings and furniture on board. The yacht was designed specifically with large windows to allow plenty of natural light into the interior.

Musashi was actually a ‘downsize’ for Ellison, with his previous yacht, Rising Sun, the 8th largest yacht in the world (8th largest yacht for world 8th richest person – go figure!).

Rising Sun was designed by Jon Bannenberg and built at German shipyard Luerssen. The 138m vessel is estimated to have cost more than US$200 million and was specifically designed to be longer than Microsoft co-founder Paul Allen’s Octopus (see our previous article for more information on Octopus). As you would expect, the yacht is lavishly equipped with:

  • 82 rooms
  • jacuzzi bathrooms
  • a gym, spa and sauna
  • a wine cellar
  • a private cinema with a huge plasma screen
  • a basketball court on deck that doubles as a helipad

He sold Rising Sun in 2010 to David Geffen. Yachting isn’t just a rich man’s hobby for Ellison, he has a keen interest in yacht racing and has taken part in the America’s Cup challenge twice – in 2007 and 2010.

In 2007 BMW Oracle Racing was the US challenger for the race that took place in Valencia in Spain, although it was eliminated in the semi- finals. In 2010 his yacht USA 17 won the second race, returning the trophy to the US for the first time in 15 years.

Ellison, never one to shy away from confrontation, made several legal challenges to how the 2010 America’s Cup was being organised at the time, pitting himself against the organiser Ernesto Bertarelli, another very wealthy individual.

Whether you’re looking to finance a floating boutique hotel like Larry Ellison’s Rising Sun, or something a little more modest, Aussie Boat Loans is definitely worth a call to arrange boat finance for your next tinnie or superyacht.

Image credit: Rising Sun yacht

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