Abandoned superyacht sold for $67.6 million Ship’s crew

By Stephanie Baker and Jim Wyss

(Bloomberg) – Former Google CEO Eric Schmidt bought the superyacht Alfa Nero, which was abandoned in Antigua in March 2022 after Russian troops invaded Ukraine.

The billionaire “won the auction this morning in a completely transparent process” and bought the ship for $67.6 million, according to Sir Ronald Sanders, Antigua’s ambassador to the United States.

The 267-foot vessel, complete with a small wing and a swimming pool that converts into a helipad, was abandoned in the port of Falmouth, Antigua, after the US Treasury sanctioned Russian fertilizer billionaire Andrey Guryev. The department said last year he bought the 2014 Alfa Nero for $120 million — which he denies.

Schmidt’s foundation did not respond to a request for comment.

The Alfa Nero was auctioned on Friday, despite Guryev’s daughter filing a last-minute restraining order claiming the yacht was hers, Antigua ports manager Darwin Telemaque said in an interview.

Related article: Abandoned Russian superyacht to be auctioned off after sanctions are lifted

A portion of the proceeds will be used to cover maintenance and other bills accumulated by the Alfa Nero while it is in port. Crew costs alone add up to $112,000 per month. Telemaque said the sale price would cover “all liabilities.”

Since the Russian invasion in February 2022, the US and its allies have imposed sanctions on many of the country’s wealthiest people, which has resulted in more than two dozen superyachts worth around $4 billion being frozen in ports around the world became.

According to the Bloomberg Billionaires Index, Schmidt, who served as Google’s CEO for about a decade, has an estimated net worth of $25 billion. Two years ago he was appointed Chair of the Broad Institute, a research organization based in Cambridge, Massachusetts.

–With support from Devon Pendleton.

© 2023 Bloomberg LP

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