Advantages of a Public Limited Company (Plc)
Business and Management Studies
Advantages of a Public Limited Company (Plc)
Length: 1274 words (3.6 double-spaced pages)
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Advantages of a Public Limited Company (Plc)
Tesco is a public limited company (plc). A lot of big companies go
public. This is because unlike a private limited, a plc is able to
advertise the sale of shares and sell them to members of the general
public though the stock exchange.
Advantages of a
· Shares can be advertised
· Shares can be sold through the stock exchange
· Large plc’s may find it easier to borrow from banks
· Shareholders have limited liability
· Cheaper borrowing and bulk purchasing
Disadvantages of a Public Limited Company (Plc)
· Going public can be expensive
· Some plc’s can grow so large that they may become difficult to
manage effectively
· Risk of takeover by rival companies who have bought shares in the
A lot of companies go public. This is because of all the
top. The shares can be advertised so that means more people will see
it and might invest in it. The shares can be sold through the stock
exchange. This means it is open to the public and it’s not only the
people who get invited can by its share. Tesco can find it easier to
borrow from banks because the banks know that they will get their
money back with there interest.
There are several different types of owner ship. They are:
* Sole traders
* Parternership
* Private limited companies
* Public limited companies (Tesco’s)
* Co-operative
* Not for profit or a charity
* Franchise
A Sole Trader is a business that is owned by only 1 person. They are
responsible for everything that goes on in the business. An example of
a sole trader is usually an off licence, taxi driver, sweet shop etc.
Advantages of a Sole Trader
---------------------------
· Easy to set up – no legal formalities of fees
· Own boss and can make all the decisions
· Keep all profits
· Can be set up with relatively little capital
· Personal contact with customers can encourage consumer loyalty
Disadvantages of a Sole Trader
------------------------------
· Owner have limited funds and may find it difficult to borrow money
from banks
· Owner have to work long hours and cannot afford to be sick
· The owner have unlimited liability
· The owner must be a ‘jack of all trades’
· Small businesses are often unable to benefit from bulk purchase
discounts.
Partnership
-----------
A partnership is a business owned by two or more people. There can be
a maximum of 19 people in a partnership. Forming a partnership is one
solution to overcoming certain disadvantages associated with running a
business as a sole trader. A partnership is a way of sharing the
problems, risk, hard work and the association which will always be a
part of trying to manage all aspects of a business you own.
Advantages of a Partnership
---------------------------
· It is easy to set up a business
· A lot more capital can be invested into the business
· The partners could a variety of useful skills, bring new ideas and
help with decision-making.
· Partners can cover for each other during periods of sickness and
Disadvantages of a Partnership
· Partners may disagree on each other opinions
· Partners have unlimited liability
· They may still lack capital
· When profits are made they have to be shared
· It will end, or dissolve hence the business will be over
Private Limited Company (Ltd)
Many small to medium sized business trade as private limited
companies. This is also the path often followed by sole traders and
partnerships when they wish to expand their operations but still
retain control of the business.
Advantages of a Private Limited Company (Ltd)
· The sales of shares can raise capital
· Owners have limited liability
· The company has a separate legal identity from its owners
· Owners can appoint directors on their record of achievement and
business knowledge
· Capital raised from the sales of shares never has to be repaid
Disadvantages of a Private Limited Company (Ltd)
· Founder members may lose control
· Shares cannot be advertised or sold on the stock exchange
· Setting up can be expensive because of legal requirements
· Financial information must be published
· An annual general meeting of shareholders must be held each year.
Public Limited Company (Plc)
A lot of companies go public. This is because of all the advantages on
top. The shares can be advertised so that means more people will see
it and might invest in it. The shares can be sold through the stock
exchange. This means it is open to the public and it’s not only the
people who get invited can by its share. Tesco can find it easier to
borrow from banks because the banks know that they will get their
money back with there interest.
Advantages of a Public Limited Company (Plc)
· Shares can be advertised
· Shares can be sold through the stock exchange
· Large plc’s may find it easier to borrow from banks
· Shareholders have limited liability
· Cheaper borrowing and bulk purchasing
Disadvantages of a Public Limited Company (Plc)
· Going public can be expensive
· Some plc’s can grow so large that they may become difficult to
manage effectively
· Risk of takeover by rival companies who have bought shares in the
Co-operative
A cooperative is a business owned and controlled by the people who use
its services. They finance and operate the business or service for
their mutual benefit. By working together, they can reach an objective
that would be unattainable if acting alone.
The purpose of the cooperative is to provide greater benefits to the
members, such as increasing individual income or enhancing a member's
way of living by providing important, needed services. The
cooperative, for instance, may be the vehicle to obtaining improved
markets or providing sources of supplies or other services otherwise
unavailable if members acted alone. There are 2 types of co0operative
trading organisations:
· A retail co-operative society, which is set up under the terms of
the Industrial and Provident Societies Act.
· Producer or worker co-operative in which a group of people come
together to produce goods or provide a service.
(Advantages and disadvantages need 2 b dun)
Not for profit or a charity
Non-profit making organisations may range from small clubs and
societies to large organisations with huge annual turnovers. Their aim
is not to make a lot of profit but they aim to at least breakeven so
they can afford to keep the business going. A charitable trust can be
set up for any of the following purposes:
· To relieve poverty e.g. Oxfam
· To advance education e.g. secondary schools
· To protect the environment.
(Advantages and disadvantages need 2 b dun)
This is an increasingly popular form of a business organisation. The
parent company (franchiser) sells the right to use its name to an
independent operator called the franchise.
(Advantages and disadvantages need 2 b dun)
Limited Liability Companies
===========================
A company is different from a sole trader and a partnership because a
company has to get registered before it can start to operate. Once all
the paper work is completed and approved, the company becomes as legal
body. A company is owned by shareholders and managed by directors who
run the company in the shareholders’ interest. The shareholders are
not personally liable for the company’s debt. If the business fails
their loss is only the amount they invested into the company. There
are two forms of limited companies, Private limited and public
Unlimited liability -The type of liability in which the owners of a
business (usually a sole trader or a partner) are responsible for all
business losses.
Limited Liability -The type of liability in which a shareholder of a
private or public limited company is only liable for the amount of
money invested in the business.
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The details about superyacht ownership as stated on this site are mostly based on rumors. In almost no case actual yacht ownership by the private individuals mentioned can be confirmed. This site is for entertainment purposes only. This website uses Google Analytics, a web analytics service provided by Google, Inc. ("Google"). Google Analytics uses "cookies", which are text files placed on your computer to help the website analyze how visitors use the site. The information generated by the cookie about your use of the website (including your IP address) will be transmitted to and stored by Google on servers in the United States . Google will use this information for the purpose of evaluating your use of the website, compiling reports on website activity for website operators and providing other services relating to website activity and Internet usage. Google may also transfer this information to third parties where required to do so by law, or where such third parties process the information on Google's behalf. Google will not associate your IP address with any other data held by Google. You may refuse the use of cookies by selecting the appropriate settings on your browser, however please note that if you do this you may not be able to use the full functionality of this website. By using this website, you consent to the processing of data about you by Google in the manner and for the purposes set out above.
Download the complete SuperYacht Owners Register as a PDF file (Download link available after payment). More than 600 Yacht Owners, their Source of Wealth and Net Worth
Carl Linné &(ex: Christoffels Lighthouse) - sailing yacht - &&32.3m (106 ft) &- &Holland Jachtbouw &- &2003
Harald ?rneberg &- net worth & USD 50 million &- &&Sweden
ORN Capital &- &The Forest Company &- &
Harald ?rneberg is the owner of the sailing yacht Carl Linné. Orneberg founded Orn Capital, a hedge fund management company. Orn Capital managed funds in excess of US$ 650 million. In 2006 Orneberg sold Orn Capital to . Morley is the UK-based asset management business of the British
company . In 2007 Harald ?rneberg founded
and Timber Capital. The Forest Company invests in trees, timberland and timber related assets. The Forest Company focuses on forest plantations in areas with high biological growth rates, such as Brazil and Colombia. The company has raised USD 355 million in equity capital and as assets of USD 375 million. ?rneberg’s sailing yacht Carl Linné was built at Holland Jachtbouw as Christoffel’s Lighthouse. Carl Linne is currently for .
Carlotta &- sailing yacht - &37 (121 ft) &- &Perini Navi &- &1992
Massimo Moratti &&- &net worth US$ 1.5 billion &- &Italy
Saras Group &- &
Italian billionaire Massimo Moratti is the owner of the sailing yacht Carlotta. Massimo Moratti is the CEO of the . The Saras Group, founded by his father Angelo Moratti, is a leading independent oil refinery and trading group, active in Europe. Saras refines, sells and distributes oil products such as diesel, gasoline, heating oil, liquefied petroleum gas (LPG) and aviation fuel. &In 2013 Russian state owned petroleum company
took a 21% share in Saras, of which 14% acquired from the Moratti Brothers, who each received EUR 90 million or USD 120 million for their shares. Massimo and his brother Gian Marco Moratti (Chairman at the company) still own 25.01% of the Saras shares each. In 2013 Saras realized a revenue of US$ 15 billion and a net loss of USD 370 million. Massimo Moratti owned all the shares of the Italian soccer club , but in 2013
to International Sports Capital, for USD 340 &million. Massimo still owns 30% of the shares in Inter Milan and remains Honorary Chairman. Forbes estimates the net worth of Massimo Moratti at US$ 1.5 billion. Sailing yacht Carlotta was delivered by Perini Navi in 1992. &She is built out of steel and powered by a single Volvo engine.
Caryali &- motor yacht -
39.1m (128 ft) &Alloy Yachts &- &2012
Robert (Bob) and Lynne Grossman &- &net worth & USD 100 million &- &USA
Southern Container Corporation (sold in 2008)
Bob and Lynne Grossman are the owners of the Alloy expedition yacht Caryali. Bob Grossman is the son of , who founded the Southern Container Corporation. The Southern Container Corporation was sold in 2008 to
for USD 1 billion. It is not clear whether Bob still owned shares in the company at that moment, so SuperYachtFan estimates Grossman’s net worth at USD 100 million. Bob is the brother of Steven Grossman, owner of the Huisman . Bob Grossman is still connected to a company named Southern Kraft Corporation, based in Plantation, Florida. The company was (or still is) also active in the paper industry. The Grossman family is now active in real estate development, through several companies all with names related to Caryali. The family owns DMH Press, which publishes the children’s storybooks . The books are actually written by Alison Grossman, daughter of Bob and Lynne. Bob and Lynne Grossman have owned several yachts all named Caryali. Their yachts are named after their children Cary and Alison. Before their current , they owned a , also named Caryali.
Casino Royale &- motor yacht - &&49.68m (162.99ft) &- &Christensen Shipyards Ltd. &&- &2008
David McDonald &- &net worth USD 375 million &- &USA
Pelco &- &
David McDonald is the owner of the yacht Casino Royale. David McDonald was CEO of Pelco.
is worldwide leader in the design, development and manufacture of video security systems, with 2,200 employees worldwide. In 2007 Pelco was acquired by
for USD 1.5 billion. At that moment 50% of the shares of Pelco was owned by Gerald and William Lyles, while the other 50% was owned by Freedom Acquisitions, Incorporated, which was partially owned by David McDonald. It is estimated that David McDonald received around 25% of the USD 1.5 billion, or USD 375 million. In the same year David McDonald founded McDonald Aviation, LLC.
owns a Gulfstream 550 with registration N560DM, which is available for charter. David McDonald acquired the yacht
from legendary yachtsman John Staluppi. John Staluppi currently owns two yachts and has third in order, all three are named Skyfall.
Cedar Sea II &- motor yacht - &&65.15m (213.8ft) &- &Feadship &&- &1986
Mouawad family &- &net worth USD 2,5 billion &- Lebanon
Jewelry &- &
The Mouawad family are the owners of superyacht Cedar Sea II.
is a privately held International jewelry company that designs, manufacturers, and sells exclusive jewelry. During the last 40 years the company has transformed from a family business into a global empire. Mouawad is known for its exclusive collections, haute joaillerie, objects of art, and luxury watches. Mouawad is headquartered in Geneva, Switzerland but they have offices worldwide. Mouawad was founded in 1891 in Beirut, Lebanon by David Mouawad and is currently led by 4th generation. Cedar Sea used to have an
as a tender.
C’est La Vie &- motor yacht - &&31m (102ft) - Kaiserwerft - 2003
Franck Muller - net worth & USD 100 million &– &Switzerland
Franck Muller Geneve -
Franck Muller is the owner of the motor yacht C’est La Vie. Franck Muller is the founder of the Geneva based watch making company . After graduating from the Watch making School of Geneve, Franck Muller started repairing exclusive watches. In 1991 he started his own watch making company, focusing on tourbillions watches. His famous clientele include rapper
and actress Demi Moore. Annual sales of the Frank Muller Group is estimated at USD 350 million a year. Franck Muller’s yacht C’est La Vie was built in 2003 at the German . In 2012 Franck Muller ordered a larger 45 meter yacht at Kaiserwerft for Eur 21 million. The yacht order was later canceled, which started a .
C’est La Vie &- motor yacht - &&27.4m (90 ft) &- &ACY &- &2012
Gary Chouest &- &net worth & USD 1 billion &- &USA
Edison Chouest Offshore &- &
Gary Chouest, who purchased
early June 2014, is the owner of several sport fishing yachts. He and his family own the ACY 90 ft , the ACY 80 ft , the ACY 65 ft Freedom and the Monterey 58 . The large number of ACY yachts isn’t surprising as Chouest actually owns the shipyard CY, or . Gary Chouest is a wealthy man, his net worth is estimated at a least US$ 1 billion. The source of wealth is the company , or ECO. ECO was founded by Edison Chouest, the father of Gary Chouest. Edison Chouest started as a shrimp fisherman. In 1960 he bought a small utility vessel to support a petroleum rig in the Gulf of Mexico. Later he started to refurbish old vessels and &nowadays Edison Chouest Offshore owns more than 200 offshore service vessels, five shipbuilding facilities (North American Shipbuilding, LaShip, Gulf Ship, Tampa Ship and Navship), and two super yacht builders: ACY and since 2014 Westport Yachts. Further the group owns several ship terminals, dry dock facilities and other ship service related companies. Chouest also co-owns the Norway based offshore service company . The latest addition to Gary Chouest’s expanding company portfolio is the Washington based super yacht builder Westport Yachts. He purchased the Westport shares from John Orin Edson, founder of
and owner of the Westport yacht Evviva. According to a Westport Yachts press release, Gary Chouest owns a Westport Yacht. SuperYachtFan found out that Gary Chouest is the owner of the Westport 164 My Girl. The yacht was delivered in 2007 and is the 3rd yacht in the 164 series.
&- motor yacht - &&33.5m (109.91ft) &- &Burger Boat Company &&- &1973
Marty Sutter &- &net worth & USD 100 million &- &USA
health care investments &- &
Marty Sutter is the owner of the yacht Chanticleer. Sutter founded a number of successful healthcare companies. Marty Sutter is founder and managing director of Essex Woodlands. Established in 1985, Essex Woodlands is one of the oldest healthcare equity and venture capital firms in the world. They have $2.5 billion under management. Investments include ATS Medical, BioForm Medical, Lifecell and several others.
Charisma &- motor yacht - &&39.62m (129.99ft) &- &Hatteras Yachts &- &1995
Scott McQueen &- &net worth & USD 50 million &- &USA
Bluewater Radio Broadcasting &- &
Scott McQueen is the owner of the yacht Charisma. Scott McQueen is the founder of Bluewater Broadcasting.
owns and operates seven radio stations in the Montgomery Alabama area. Stations include WQKS HD3
(classic hip hop/R&B) and WACV – .
Chayka &- motor yacht - &&53.7m (176.18ft) &- &Proteksan Turquoise Yachts &- &2009
Russian Presidential yacht - &Russia
The yacht Chayka is known as the Russian Presidential yacht. The yacht was acquired by the Russian government in 2011. &She was originally built for an Italian businessman who named her Leo Fun. When acquired by &Russia, she was first known as Sirius, but soon renamed in to Chayka, which means Seagull in Russian. In 2011 it was reported that she was purchased on behalf of Dmitry Medvedev, then , now Russia’s Prime Minister. Chayka’s home port is Sochi, host city of the. It is expected that
and or Dmitry Medvedev will use the yacht Chayka as basis for their visits to the Olympic Games.
Che &- motor yacht - &&35.0 m (114 ft) &- &Sunreef Yachts &- &2011
Eric E Verbeeck &- &net worth & USD 50 million &- &Belgium
real estate &- &
Eric Verbeeck is the owner of the sailing yacht Che. &Verbeek owns Interbuild, a Belgium real estate developer. The company was founded in 1980 by Erick Verbeeck, and was one of the largest Belgium real estate companies. The company was sold to the Dutch BAM group in 1998.
Chevy Toy &- motor yacht - &&47.85m (156.99ft) &- &Trinity Yachts, LLC &&- &2004
Gene Reed &- &net worth USD 100 million &- &USA
Gene Reed Enterprises &- &
Gene Reed used to be the owner of the yacht Chevy Toy. Reed sold the yacht Chevy Toy in 2011, she is now named Cocktails. &Gene Reed founded the , an automotive group based in Charleston, South Carolina. Reed was mainly active as Chevrolet and Toyota dealership. In 2011 Reed sold his Toyota dealerships to
for around USD 70 million . Reed still owns in Florida, and owns
in Fayetteville, N.C. Reed had acquired and sold dealerships before: In 1997 he sold his several Chevrolet dealerships, including three in the Charleston area, to United Auto Group Inc. for USD 17 million in cash and USD 13 million in stock.
Chopi Chopi &- motor yacht - &&80 (262 ft) &- &CRN Spa &- &2013
Taha Mikati &- &net worth USD 3.5 billion &- &Lebanon
M1 Group / Investcom &- &
Christina O &- motor yacht - &&99.15m (325.3ft) &- &Canadian Vickers &- &1943
Ivor Fitzpatrick &- &net worth not known &- &Ireland
Ivor Fitzpatrick & Company &- &
The yacht Christina O was built for the Greek shipping tycoon Aristotle Onassis, who named his yacht after his daughter Christina Onassis. When Onassis died in 1975, the yacht was acquired and later restored by John Paul Papanicolaou, a friend of the Onassis family. Papinicolaou was president of Titan Brokerage Corporation of Piraeus, Greece. &Papinicolaou was also responsible for the conversion of Galeb, the former Yugoslavian presidential yacht. John-Paul Papanicolaou died in 2010. &Luxury yacht Christina O is now co-owned by Ivor Fitzpatrick, an Iris lawyer.
is one of Ireland's best-known and most respected law firms.
Claire - motor yacht &- &45.7m (150ft) - &Trinity Yachts
Merle Wood - net worth & USD 50 million
Merle Wood & Associates - &
Merle Wood is the owner of the yacht Claire. Merle Wood is the founder and owner of , one of the most successful yacht brokerage companies. The company has concluded sales with a cumulative value exceeding USD 26 billion. The yacht Claire was built as Seahawk. Wood previously owned a smaller yacht, a 115ft Broward yacht also named Claire. Wood named the yachts after his wife Claire. Wood also owns or owned a 75ft Hatteras yacht named Victory. Claire is available for .
Clan VI - sailing yacht - 39m (128ft) - 1983
Clan VIII - sailing yacht - 45m (148ft) - Perini Navi - 2011
Bertram R.C. Rickmers - net worth & USD 500 million - Germany
Rickmers Group -
Bertram Rickmers is the owner of the sailing yachts Clan VI and Clan VIII. Bertram Rickmers is owner and chairman of the , based in Hamburg Germany and active in shipping and ship management. Through its
the group offers breakbulk, heavy lift and cargo liner services. With 12 vessels Rickmers Linie offers the "Round-The-World Pearl String Service". With vessels following a fixed itinerary serving 16 ports around the globe on an eastbound route with departures every 14 days. Rickmers Maritime assets manages vessels which are owned by it or by third parties. Rickmers fleet of more than 125 vessels include container vessels, multi-purpose vessels and bulk and car carriers. In 2014 the Rickmers Group realized sales of EUR 545 million and an operational cash flow of more than EUR 200 million, with 2,300 employees. &Bertram Rickmers owns 100% of the shares, giving him a net worth of more than USD 500 million. Rickmers’ sailing yacht Clan VIII was built by Perini Navi and delivered in 2011. She is designed by Ron Holland Design and offers accommodation for 8 guests. His smaller and older yacht Clan VI is available .
Cocoa Bean - motor yacht - 73.98m (242.7ft) &- &Trinity Yachts - 2014
Ali Ghandour &- &net worth & USD 100 million &- &USA
Albani Perfumes -
The Ghandour family, based in Miami Florida, are the owners of the yacht Cocoa Bean. Ali Ghandour owns , a wholesaler of perfumes and cosmetics. SuperYachtFan was not able to find much information about the Ghandour family and their businesses, if you do know more about the Ghandour family please do sent us a . Cocoa Bean was built as project New Horizon at
as their largest yacht ever.
Cocktails &- motor yacht - &&47.85m (156.99ft) &- &Trinity Yachts, LLC &&- &2004
Tom Murphy - &net worth & USD 100 million &- &USA
Coastal Construction &- &
Tom Murphy is the owner of the yacht Cocktails. Murphy is the founder of . Coastal is one of the largest construction firms in Florida. The company builds hotels, resorts, office buildings, condominiums and homes. Clients include Donald Trump () and Opray Winfrey, Coastal built a house for her. Part of the Coastal group is Coastal Environmental Services, which specializes in disaster relief and environmental cleanup. Tom Murphy is an active philanthropist, his Coastal Cares supports local and regional charities including the Boys & Girls Club and Education Fund/Teach-A-Thon. His yacht Cocktails was built as Chevy Toy for Gene Reed.
Code 8 -motor yacht - 50 m (164ft) - Benetti 1996
Mansoor bin Mohammed Almaktoum
Dubai Royal Family -
Prince Mansoor bin Mohammed Almaktoum is the owner of the yacht Code 8. &Prince Mansoor is one fo the sons of the Emir of Dubai: Sheikh Mohammed Bin Rashid Al Maktoum. Actually the Ruling Family of Dubai owns several yachts, including the yacht Dubai, which is one of the largest yachts in the world. The yacht Code 8 was built as Golden Cell in 1996 and later known as Don Pablo. She was last refitted in 2015, probably around the time she was purchased by the Prince. In 1999 the yacht was involved in a .
Constellation &- motor yacht - &&80m (262.47ft) &- &Oceanco &- &1999
Ruling family of Qatar &&- Qatar
The yacht Constellation is owned by the ruling family of Qatar. Constellation has an identical sister ship, named , which is owned by the Emir of Qatar, Sheikh Hamid bin Khalifa Al-Thani. Constellation was built as Stargate I in 1999. Luxury yacht Constellation has a shadow vessel named .
Como &- motor yacht - &&46.2m (151.6ft) &- &Feadship &&- &2014
Neville Crichton &- net worth & USD 200 million &- &New Zealand
Car dealership / Balverona / Ateco &- &
New Zealand based automotive entrepreneur
Copasetic &- motor yacht - &&43m (141ft) &= &Hike Metal Works &- &2006
Steven Sablotsky &- &net worth & US$ 100 million &- &USA
Noven Pharmaceuticals - &
Steven Sablotsky is the owner of the yacht Copasetic. Sablotsky is the founder of , a specialty pharmaceutical company active in the research, development, manufacture, marketing and sale of prescription pharmaceutical products. Steven Sablotsky founded Noven in 1987 and brought it to the stock market a year later. He kept approx. 25% of the shares. &The company grew rapidly, realizing a revenue of US$ 108 million in 2008, with a net profit of USD 21 million. In 2009 the Japanese pharma company
acquired Novem for USD 430 million, netting Sablotsky more than USD 100 million. His expedition yacht Copasetic was built by
and delivered in 2006. The yacht is currently (2014)
Coral Island &- motor yacht - &&72.5m (237.99ft) &- &Lürssen Yachts &&- &1994
Sheikh Abdul Mohsen Abdulmalik Al-Sheikh &-
investments (Zeem Trading Company) &- &
is the owner of the yacht Coral &Island.
Cracker Bay &- motor yacht - &&44.9m (147.31ft) &- &Hakvoort Shipyard &- 2002
Gary Morse &- &net worth USD 2.5 billion &- &USA
The Villages &&
Gary Morse is the owner of the yacht Cracker Bay. Cracker Bay was built as Campbell Bay by. Gary More is the owner of The Villages Ltd. & is an age-restricted retirement community located Florida, United States. The Villages consistently ranks as a very high growth area. A 2008 Census Bureau report ranked The Villages the No. 1 fastest growing micropolitan area in the United States. The Villages was founded by the father of Gary Morse. His father began selling land tracts via mail order in the 1960s. Unfortunately a Federal law in 1968 banned mail order sales of real estate. Stuck with considerable portions of Florida land, in the early 1970s Gary Morse father began development of a mobile home park, , in the northwestern corner of Lake County. By the early 1980s, though, the community had sold only 400 units. Morse noted that the successful retirement communities offered considerable numbers of well-maintained amenities to the residents and were also surrounded by diverse amounts of nearby commercial development. Thus, Morse began to significantly upgrade the development, which worked out well. Gary Morse built and sold more than 44,000 homes since 1983. He’s created 39 golf courses and developed 4.5 million square feet of commercial space, including two hotels, 60 restaurants and two movie theaters. In 2011, the Holding Company of the Villages Ltd. generated at least USD 550 million in revenue, according to filings. Based on the value of his various businesses and real estate -- plus the almost USD 1 billion in estimated profits the company has earned over 29 years -- Morse and his family are worth more than USD 2.5 billion, according to data compiled by .
Crazy Me &- motor yacht - &50m (164 ft) &- &Heesen Yachts - 2013
Crazy Too &- motor yacht - &&33.5m (109.91ft) &- &Overmarine SRL &&- &2005
Rattan Chadha &- &net worth USD 600 million &- &the Netherlands
Mexx clothing &- &
Criss C &- motor yacht - &&34.14m (112.0ft) &- &Christensen Shipyards Ltd. &- &1993
former owner: Eric Wittouck &- &net worth & USD 1 billion &- &Belgium
Weight Watchers &-
The Wittouck family was owner of the Tiense Suikerraffinaderij, Belgium’s largest sugar producer. In 1989 the Tiense Suikerraffinadery was sold to the German company Südzucker for approx. EUR 950 million. Since then Erik Wittouck founded Artal, a private investment vehicle based in Luxembourg. Thought Artal his investments include Eurobake, Europe's largest baking company, Pizza Hut Finance, operating more than 100 restaurants and Neuhaus, a chocolate manufacturer. Prior investments include Weight Watchers, which was purchased from Heinz for USD 735 million in 1999 and which was floated on the NYSE stock market in 2001 with a USD 400 million profit. In 2007 Artal received another USD 540 million for shares Artal still owned in Weight Watchers. And in 2010 and 2011 Artal sold another 12 million shares for more than USD 1 billion.
Crystal &- &motor yacht - &36.9m (121ft) &- &Royal Denship / Moonen &- &2011
Martin Brooks &- &net worth & USD 50 million &- &UK
Brooks Leisure
Martin Brook is the owner of the Moonen yacht Crystal. Martin Brook is the founder of Brooks Leisure, the UK’s fourth largest operator of nightclubs and bars. Brooks father founded Brooks Cash and Carry a wholesaler, which was sold in 1990. Martin Brook then founded Brook Leisure. The last few years many clubs have been sold and the group changed it focus to real estate development. Brook’s yacht Crystal was originally built at Royal Denship but when that company went bankrupt, the yacht was finished at .
Cyan &- motor yacht - &&48.7m (159.78ft) &- &Codecasa S.p.A. &- &1997
The Edge (David Howell Evans) &- &net worth USD 200 million &- &Ireland
is owned by David Howell Evans also known as . He is guitarist, backing vocalist, and keyboardist of the Irish . In 1976, at Mount Temple Comprehensive School, Evans formed U2 with his fellow students and his older brother Dik. They became one of the most popular acts in popular music, with successful albums such as The Joshua Tree and Achtung Baby. As a member of U2 and as an individual, The Edge has campaigned for human rights and philanthropic causes. He co-founded , a charity to support musicians affected by Hurricane Katrina. The net worth of The Edge is estimated at USD 200 million. The
was built as Renalo in 1997 and acquired in 2010 by The Edge, who renamed her Cyan.
Darnice III &- motor yacht - &&60m (196.85ft) &- &Benetti SpA &&- &1986
Hussein Nuaman Soufraki &- &net worth & USD 100 million &- &Lebanon
HSN Group &-
Hussein Nuaman Soufraki is the founder and Chairman of HNS Group.
is a international contractor and real estate developer. Founded in 1961 the group specializes in commercial construction and civil engineering works for infrastructure and public works projects. HNS Group’s international investments include the Finsbury Tower in London and the Sun City Mall & Hotel in Cairo. Hussein Nuaman Soufraki was born in Libya ad holds the Canadian citizenship, he resides in Monaco and London. Soufraki is the owner of the Benetti built yacht Darnice III.
SS Delphine &- motor yacht - &&78.55m (257.7ft) &- &Great Lakes Engineering Works &&- &1921
Jacques Bruynooghe &- &net worth & EUR 1 00 million &- &Belgium
Top finition &- &
Jacques Bruynooghe is &the owner of the yacht SS Delphine. He is the founder of Jacques Bruynooghe Garments S.A.R.L.. His company produces denim jeans for brands like Levi’s. The company is based in Tunesia, where it employs 5.000 workers. In 1997 Jacques Bruynooghe purchased SS Delphine – originally built for US car maker Horace Dodge in 1921- and restored her to her former glory. She was re-christened in 2003 by HSH Princess Stephanie of Monaco.
Deniki &- motor yacht - &&52.3m (171.59ft) &- &Amels Holland B.V. &- &2007
Marcel Boekhoorn &- net worth USD 1.5 billion &- &the Netherlands
Telfort &-
Marcel Boekhoorn is a Dutch entrepreneur. He started his career as a CPA (auditor) but soon focused on private equity. His first major investment was the Dutch bakery retail chain Bakker Bart. His biggest success was the Dutch mobile phone operator Telfort which he acquired for EUR 300 million, and sold 9 months later to
for EUR 1.2 billion. His current investments include Dutch newspaper De Telegraaf, the
and . Boekhoorn named his investment company BoWoLaRi, short for Boekhoorn Wordt Lachend Rijk, which translates as Boekhoorn becomes rich while smiling. Boekhoorn is owner of the Dutch zoo . His net worth is estimated at USD 1,5 billion. Marcel Boekhoorn named his yacht Deniki after his three daughters Denise, Nicole and Kim.
Destination Fox Harb'r Too &- motor yacht - &&49.1m (160.99ft) &- &Trinity Yachts, LLC &- &2008
Ronald Vaughan "Ron" Joyce &- &net worth & USD 1 billion &- &USA
Wendy's International &- &
Ron Joyce is the owner of the yacht Destination Fox Harb’r Too. Ronald VaughanJoyce, is a Canadian billionaire. He co-founded the
doughnut chain as Tim Horton's partner. Joyce began to franchise the company throughout the late 1970's until the 1990s. Later Joyce would merge his company with Wendys. Joyce became the largest single shareholder of . Ron Joyce eventually sold his stock but continued to be active in his holding company, Jetport Inc, which has significant real estate, aviation, and commercial interests. In 2000, Joyce opened , a five star resort.
Diamonds are forever - motor yacht - &&60.96m (200 ft) &- &Benetti SpA &- &2011
John Staluppi &- net worth & USD 100 million &- &USA
Atlantic Auto Group &- &
John Staluppi is the owner of the yacht Diamonds are forever. Staluppi started with a gas station and made it a big success. He was selling cars in his twenties and became one of the first Honda dealers in the US. Within 10 years he owned 20 dealerships. Later he added Hyundai dealerships. His New York Autogiant now represents 10 brands including Audi, Cadillac and Volkswagen. Together with John Rosatti he is owner of Millennium Super Yachts.
&- motor yacht - &&110m (360.89ft) &- &Lürssen &- &2008
Alisher Usmanov &- &net worth USD 18.1 billion &- &Russia
Metalloinvest, Kommersant &- &
is one of Russia's richest men, with a fortune estimated at USD 18.1 billion. He is shareholder of Metalloinvest, one of the largest iron ore suppliers in the world. He is also owner of Arsenal Football Club, Kommersant (a Russian newspaper) and several other media companies. Superyacht Dilbar is named after his mother
D’Natalin IV &- &motor yacht - &50m (164 ft) - Christensen &- 2014
D'Natalin &- 46.12m (151.3ft) &- &Delta Marine &&- &1996
Dennis Jones &- &net worth USD 500 million &- &USA
Jones Pharma &- &
Dennis M. Jones (together with his wife Judith Jones) is founder of Jones Pharma. Jones Pharma is a specialty pharmaceuticals manufacturer. In 2000 the company was acquired by King Pharmaceuticals. The market value of the company on its closing trade was $3.6 billion. &After the sale of their company, Dennis and his wife founded The Dennis M Jones Family Foundation, providing to underprivileged students. The foundation was funded with 1,000,000 shares of King and converted into cash through the public sale of the shares at $52 per share. They purchased their yacht D’Natalin in 2000. She was built in 1996 by Delta Marina as Sally An. In 2014 Dennis Jones had his new 164 ft yacht D’Natalin IV delivered by US yacht builder . Their previous yacht was put for sale.
Domani &- motor yacht - &&44.2m (145.01ft) &- &Benetti SpA &&- 2004
Carlos Ancira Elizondo - net worth & 50 million &- Mexico
Carlos Ancira Elizondo is the owner of the yacht Domani. &Elizondo is founder of Grupo Chartwell de Mexico S de RL de CV, Grupo Chartwell is active in the hotel business in Mexico. Hotels owned or operated by Chartwel are Hilton Mexico City International Airport, the Quinta Real hotel chain and NH Hotels. Chartwell is also active in the development of shopping malls and residential condominiums in Mexico &He co-owns , active in the hotel business in Mexico. The company’s operating portfolio includes 13 hotels of which 6 are own, 4 are owned by third parties and 3 are in development stage for a total of 3,292 current rooms plus 443 rooms under development. The hotels are operated under the
brand. Carlos Ancira Elizondo ‘s yacht Domani is available for
Dorothea III - motor yacht - 45m ( 148 ft) - Cheoy Lee - 2007
Steven Green - net worth USD 500 million - USA
Greenstreet Partners -
The luxury yacht Dorothea III is owned by Steven Green. Steven Green is an investor and founder of the private investment company Greenstreet Partners. He was Chairman and CEO of
from 1988 to 1996 and US Ambassador to Singapore from November 1997 to March 2001. Green is an active philanthropist, though his . &Donations include US$ 20 million to the &Florida International University, forming the . The net worth of Steven Green is estimated at US$ 500 million. His yacht is named after his wife Dorothea. Dorothea III was built as Marco Polo and was purchased by Green in 2011.
Dragonfly &- &motor yacht &- &73.3m (240ft) - SilverYachts &- 2009
Sergey Brin - net worth USD 29.5 billion &- &USA
Sergey Brin is the owner of the yacht Dragonfly. In 1997 Brin co-founded Google, together with Larry Page. They met two years earlier at Stanford University were they created a search engine called Backrub that used links to determine the importance of individual webpages. In 1997 the
was registered. The name—a play on the word "googol," a mathematical term for the number represented by the numeral 1 followed by 100 zeros—reflects Larry and Sergey's mission to organize a seemingly infinite amount of information on the web. More about the .
is the most visited website in the world and is a very profitable company realizing sales of USD 66 billion with a net profit of US$ 14 billion. Sergey Brin still owns approx 7 % of the Google shares and still has 60% voting power (together with Larry Page). Brin’s shares in Google give him a net worth of approx. USD 30 billion. Brin’s yacht Dragonfly was built as Silver Zwei for , founder of , the yacht’s builder.
Dubai &- motor yacht - &&162m (531.5ft) &- &Platinum Yachts FZCO &&- &2006
Sheikh Mohammed bin Rashid Al Maktoum &- &net worth USD 90 billion &- &Dubai
Dubai Holding &- &
The yacht Dubai is owned by Sheikh Mohammed bin Rashid Al Maktoum. He is the Prime Minister and Vice President of the United Arab Emirates and constitutional monarch of Dubai. Sheikh Mohammed is a major figure in international thoroughbred horse racing and breeding. He is owner of Woodlands Stud, Ballysheehan Stud, Gainsborough Farms Inc and Darley Stables. He is owner of Dubai Holding, which controls 20 companies, including Jumeirah Group, Dubai Properties, Tecom Investments, Dubai Bank and Travelodge UK. His family wealth was estimated at USD 90 billion by Forbes magazine in 2012.
E&E &- motor yacht - &&42.09m (138.1ft) &- &Cizgi Yat &&- &2011
Murat Vargi &- &net worth & USD 1 billion &- &Turkey
Investments (MV Holding) &- &
Murat Vargi is the owner of the yacht E&E. Vargi is founder of Turkcell, Turkey's largest cell phone operator. His investment company MV Holding owns 2.5% of Turkcell, and has other investments in telecom, energy and tourism. He also owns a stake in KVK, the largest mobile service and telephone distribution network in Turkey. He was owner of Enta Tekstil, a manufacturer of upholstery fabric. Murat Vargi is one of the richest Turks.
Ebony Shine - motor yacht - 74.75m &(248ft) - Feadship - 2009
Teodoro Nguema Obiang Mangue &- family’s net worth & USD 600 million
Second Vice President of Equatorial Guinea
Teodoro Nguema Obiang Mangue is probably the owner of the yacht Ebony Shine. Teodoro Nguema Obiang Mangue is the son of Teodoro Obiang Nguema Mbasogo, President of Equatorial Guinea since 1979. &the Republic of Equatorial Guinea is a country located in Central Africa. Since the mid-1990s, Equatorial Guinea has become one of sub-Sahara's largest oil producers. With a population of almost two million, it is the richest country per capita in Africa. Accoording to Forbes, Obiang is one of the world's wealthiest heads of state. His net worth is estimated at US$ 600 million. Ebony Shine was built as Ocean Victory for Russian billionaire Victor Rashnikov. Rashnikov had a bigger (140 meter) yacht delivered in 2014.
Eclipse &- motor yacht - &&162.5m (533.1ft) &- &Blohm & Voss GmbH &- 2010
Roman Abramovich &- &net worth USD 10 billion &- &Russia
Investments, Sibneft &- &
Roman Abramovich is the owner of, the world ‘s largest yacht.
owns and has owned several other of the worlds largest superyachts.
Ecstasea &- motor yacht - &&85.9m (281.99ft) &- &Feadship &&- &2004
Alshair Fiyaz &- &net worth & USD 3 billion - &Pakistan
Investments
Motor yacht
is owned by Pakistani billionaire . The yacht Ecstasea was build for .
Elandess &- motor yacht - &&60m (196.85ft) &- &Abeking & Rasmussen &&- &2009
Lloyd Dorfman &- net worth USD 1.2 billion &- &UK
Travelex &-
Lloyd Dorfman is the founder of . Dorfman founded Travelex in 1976 when he opened a small currency exchange shop in London. It is now the world largest foreign exchange company with activities as international payments, currency exchange and prepaid credit cards. In 2000 Dorfman acquired Thomas Cook, which expanded Travelex’ international operations. In 2005 Dorfman sold a 70% stake in Travelex to
for GBP 1 billion (USD 2 billion). Dorfman’s yacht Elandess is built by . Before this yacht, Dorfman owened a 47 meter Heesen yacht, also called Elandess.
Elfje - sailing yacht - 51.8m (170ft) - Royal Huisman - 2015
Wendy Schmidt - net worth USD 10.4 billion
Married to Eric Schmidt - Chairman of Google - &
Wendy Schmidt is the owner of the sailing yacht Elfje. The yacht Elfje was built at
in the Netherlands. Elfje is an eco friendly yacht, designed to have a minimum impact on the environment. Schmidt is married to Google Chairman Eric Schmidt. Wendy Schmidt also owns a 80 ft Swan sailing yacht named Selene, which she received as a birthday gift. Selene is available for . Wendy and her husband Eric are also rumored to be the owners of the .
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