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Who Owns Which Superyacht? (A Complete Guide)

Have you ever wondered who owns the most luxurious, extravagant, and expensive superyachts? Or how much these lavish vessels are worth? In this complete guide, we’ll explore who owns these magnificent vessels, what amenities they hold, and the cost of these incredible yachts.

We’ll also take a look at some of the most expensive superyachts in the world and the notable people behind them.

Get ready to explore the world of superyachts and the people who own them!

Table of Contents

Short Answer

The ownership of superyachts is generally private, so the exact answer to who owns which superyacht is not always publicly available.

However, there are some notable superyacht owners that are known.

For example, Larry Ellison, the co-founder of Oracle, owns the Rising Sun, which is the 11th largest superyacht in the world.

Other notable owners include Russian billionaire Roman Abramovich and Microsoft co-founder Paul Allen.

Overview of Superyachts

The term superyacht refers to a large, expensive recreational boat that is typically owned by the worlds wealthy elite.

These vessels are designed for luxury cruising and typically range in size from 24 meters to over 150 meters, with some even larger.

Superyachts usually feature extensive amenities and creature comforts, such as swimming pools, outdoor bars, movie theaters, helipads, and spas.

Superyachts can range in price from $30 million to an astonishingly high $400 million.

Like most luxury items, the ownership of a superyacht is a status symbol for those who can afford it.

The list of superyacht owners reads like a whos who of billionaires, with names like Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani.

While some superyacht owners prefer to keep their vessels out of the public eye, others have made headlines with their extravagant amenities.

Some of the most famous superyachts feature swimming pools, private beaches, helicopter pads, on-board cinemas, and luxurious spas.

In conclusion, owning a superyacht is an exclusive status symbol for the world’s wealthy elite.

These vessels come with hefty price tags that can range from $30 million to over $400 million, and feature some of the most luxurious amenities imaginable.

Notable owners include the Emir of Qatar, Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Who are the Owners of Superyachts?

From Hollywood celebrities to tech billionaires, superyacht owners come from all walks of life.

Many of the most well-known owners are billionaires, including Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

Other notable owners include Hollywood stars such as Leonardo DiCaprio and Johnny Depp.

However, not all superyacht owners are wealthy.

Many are everyday people who have worked hard and saved up to purchase their dream vessel.

Other notable billionaire owners include Oracle co-founder Larry Ellison, Saudi Prince Alwaleed bin Talal, and former US President Donald Trump.

These luxurious vessels come with hefty price tags that can range from $30 million to over $400 million.

For many superyacht owners, their vessels serve as a status symbol of wealth and luxury.

Some owners prefer to keep their yachts out of the public eye, while others have made headlines with their extensive amenities – from swimming pools and helicopter pads to on-board cinemas and spas.

Many of these yachts are designed to the owner’s exact specifications, ensuring that each one is totally unique and reflects the owner’s individual tastes and personality.

Owning a superyacht is an exclusive club, reserved for those with the means and the desire to experience the ultimate in luxury.

Whether they are billionaires or everyday people, superyacht owners are all united in their love of the sea and their appreciation for the finer things in life.

The Most Expensive Superyacht in the World

When it comes to superyachts, Sheikh Tamim bin Hamad Al Thani, the Emir of Qatar, certainly knows how to make a statement.

His luxury vessel, the 463-foot Al Mirqab, holds the title of the world’s most expensive superyacht.

Built in 2008 by German shipbuilder Peters Werft, this impressive yacht is complete with 10 luxurious cabins, a conference room, cinema, and all the amenities one would expect from a vessel of this magnitude.

In addition, the Al Mirqab features a helipad, swimming pool, and even an outdoor Jacuzzi.

With a price tag of over $400 million, the Al Mirqab is one of the most expensive yachts in the world.

In addition to the Emir of Qatar, there are several other notable owners of superyachts.

Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos all own luxurious vessels.

Bezos yacht, the aptly named The Flying Fox, is one of the longest superyachts in the world at a staggering 414 feet in length.

The Flying Fox also comes with a host of amenities, such as a helipad, swimming pool, spa, and multiple outdoor entertaining areas.

Bezos also reportedly spent over $400 million on the vessel.

Other notable owners of superyachts include Saudi Prince Alwaleed bin Talal, who owns the $200 million Kingdom 5KR, and Oracle founder Larry Ellison, who owns the $200 million Rising Sun.

There are also many lesser-known owners, such as hedge-fund manager Ken Griffin, who owns the $150 million Aviva, and investor Sir Philip Green, who owns the $100 million Lionheart.

No matter who owns them, superyachts are sure to turn heads.

With their impressive size, luxurious amenities, and hefty price tags, these vessels have become a symbol of wealth and prestige.

Whether its the Emir of Qatar or a lesser-known owner, the worlds superyacht owners are sure to make a statement.

Notable Superyacht Owners

When it comes to the wealthiest and most luxurious owners of superyachts, the list reads like a whos who of the worlds billionaires.

At the top of the list is the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, who holds the distinction of owning the most expensive superyacht in the world.

Aside from the Emir, other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

All of these owners have made headlines with their extravagant vessels, which are typically priced between $30 million and $400 million.

The amenities that come with these vessels vary greatly from owner to owner, but they almost always include luxurious swimming pools, helicopter pads, on-board cinemas, and spas.

Some owners opt for more extravagant features, such as submarines, personal submarines, and even their own personal submarines! Other owners prefer to keep their vessels out of the public eye, but for those who prefer a more showy approach, they can certainly make a statement with a superyacht.

No matter who owns the vessel, it’s no surprise that these superyachts are a status symbol among the world’s wealthiest.

Whether you’re trying to impress your peers or just looking to enjoy a luxurious outing, owning a superyacht is the ultimate way to show off your wealth.

What Amenities are Included on Superyachts?

Owning a superyacht is a sign of wealth and prestige, and many of the worlds most prominent billionaires have their own vessels.

The most expensive superyacht in the world is owned by the Emir of Qatar, Sheikh Tamim bin Hamad Al Thani, while other notable owners include Russian billionaire Roman Abramovich, Microsoft co-founder Paul Allen, and Amazon founder Jeff Bezos.

The cost of a superyacht can range from $30 million to over $400 million, but the price tag doesnt quite capture the sheer extravagance and amenities of these vessels.

Superyachts come with all the comforts of home, and then some.

Many owners will equip their vessels with swimming pools, helicopter pads, on-board cinemas, spas, and other luxury amenities.

The interior of a superyacht can be custom-designed to the owners specifications.

Some owners opt for modern, sleek designs, while others prefer a more traditional look.

Many of the most luxurious yachts feature marble floors, walk-in closets, and custom-made furniture.

Some vessels even come with a full-service gym, complete with exercise equipment and trained professionals.

Other amenities may include a library, casino, media room, and private bar.

When it comes to outdoor amenities, superyachts have some of the most impressive features in the world.

Many yachts come with outdoor entertainment areas, complete with full kitchens, dining rooms, and lounge areas.

Some owners even opt for hot tubs or jacuzzis for relaxing afternoons in the sun.

And, of course, there are the jet skis, water slides, and other exciting water activities that come with many of these vessels.

No matter what amenities a superyacht has, it is sure to be an experience like no other.

From the sleek interiors to the luxurious outdoor features, these vessels provide a unique, luxurious experience that is unrivaled on land.

Whether you’re looking for a relaxing escape or an exciting adventure, a superyacht is sure to provide.

How Much Do Superyachts Cost?

When it comes to superyachts, the sky is the limit when it comes to cost.

These luxury vessels come with hefty price tags that can range from anywhere between $30 million to over $400 million.

So, if youre in the market for a superyacht, youre looking at an investment that could easily break the bank.

The cost of a superyacht is driven by a variety of factors, including size, amenities, and customization.

Generally, the larger the yacht, the more expensive it will be.

Superyachts typically range in size from 100 feet to over 200 feet, and they can be as wide as 40 feet.

The bigger the yacht, the more luxurious features and amenities it will have.

Amenities also play a significant role in the cost of a superyacht.

While some owners prefer to keep their yachts out of the public eye, others have made headlines with their extensive amenities.

From swimming pools and helicopter pads to on-board cinemas and spas, the sky is the limit when it comes to customizing a superyacht.

The more amenities a superyacht has, the more expensive it will be.

Finally, customization is another major factor that will drive up the cost of a superyacht.

Many luxury vessels have custom-designed interiors that are tailored to the owners tastes.

From custom furniture and artwork to lighting and audio systems, the cost of a superyacht can quickly escalate depending on the level of customization.

In short, the cost of a superyacht can vary widely depending on its size, amenities, and customization.

While some may be able to get away with spending a few million dollars, others may end up spending hundreds of millions of dollars on their dream yacht.

No matter what your budget is, its important to do your research and find out exactly what youre getting for your money before signing on the dotted line.

Keeping Superyachts Out of the Public Eye

When it comes to owning a superyacht, some owners prefer to keep their vessels out of the public eye.

Understandably, these individuals are concerned with privacy and discretion, and therefore tend to take measures to ensure their yachts are not visible to outsiders.

For instance, some superyacht owners opt to keep their vessels in private marinas, away from the public areas of larger ports.

Additionally, some yacht owners may choose to hire security guards to patrol and protect their vessels while they are moored or sailing.

In addition to physical security, some superyacht owners also use technology to keep their vessels out of the public eye.

For example, a yacht owner may choose to install a satellite-based communications system that allows them to keep their vessel completely off-radar.

This system works by bouncing signals off satellites rather than transmitting them, making it virtually impossible for anyone to track the yachts movements.

Finally, some superyacht owners also choose to limit the number of people who have access to their vessels.

For instance, the owner may only allow family members and close friends to board the yacht.

Additionally, the owner may choose to employ a limited number of staff to help maintain the vessel and keep it running smoothly.

These individuals may be required to sign non-disclosure agreements to ensure they do not disclose any information about the yacht or its owner.

Overall, while some superyacht owners may choose to keep their vessels out of the public eye, there are still plenty of other ways to show off the opulence associated with owning a superyacht.

From swimming pools and helicopter pads to on-board cinemas and spas, there are many luxurious amenities that can make a superyacht the envy of any jet setter.

Final Thoughts

Superyachts are a symbol of luxury and status, and the list of yacht owners reads like a who’s who of billionaires.

From the Emir of Qatar’s world-record breaking $400 million yacht to Microsoft co-founder Paul Allen’s vessel with a helicopter pad and on-board spa, the amenities of these luxury vessels are truly stunning.

With prices ranging from $30 million to over $400 million, owning a superyacht is an expensive endeavor.

Whether you’re looking to purchase one or just curious to learn more about the owners and their amenities, this guide will provide you with all the information you need to stay up to date with the superyacht scene.

James Frami

At the age of 15, he and four other friends from his neighborhood constructed their first boat. He has been sailing for almost 30 years and has a wealth of knowledge that he wants to share with others.

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ALEA yacht NOT for charter*

56m  /  183'9 | vitters | 2022.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Impressive 4,000nm range
• Multi-award winning
• Built in 2022
• Interior design from M2 Atelier
• Intimate beach club

The multi-award winning 56m/183'9" sail yacht 'Alea' was built by Vitters in the Netherlands at their Zwartsluis shipyard. Her interior is styled by Italian designer design house M2 Atelier and she was delivered to her owner in July 2022. This luxury vessel's exterior design is the work of German Frers.

Guest Accommodation

Alea has been designed to comfortably accommodate up to 10 guests in 5 suites.

Onboard Comfort & Entertainment

Her features include beach club and air conditioning.

Range & Performance

Alea is built with a composite hull and composite superstructure, with teak decks. Alea comfortably cruises at 13 knots, reaches a maximum speed of 20 knots with a range of up to 4,000 nautical miles.

*Charter Alea Sail Yacht

Sail yacht Alea 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.

Alea 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.

Alea Photos

Alea Awards & Nominations

• The World Superyacht Awards 2023 Sailing Yacht of the Year Winner
• The World Superyacht Awards 2023 Sailing Yachts 50m and above Winner

NOTE to U.S. Customs & Border Protection

Specification

S/Y Alea

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Vitters 56m Sailing Yacht ‘ALEA’ Emerges After Two-Year Build

Following a two-year build, the 56m Vitters sailing yacht, Alea (formerly Project 3083), has emerged from the Dutch shipyard.

Mani Frers developed the sloop-rigged sailing yacht, which is made of aluminium and has an inverted bow and flush deck. With a lifting keel, the draught drops from 6.6 metres to under 3.5 metres for exploring shallow ports and harbours. At the helm, two carbon rudders allow for fingertip steering.

With gear supplied by Southern Spars New Zealand, a single carbon mast will stand 55.32 metres tall once completed. A 682 square metre mainsail and a 484 square metre blade headsail will be among her sails.

The yacht, which features a modern design by M2 Atelier, includes all expected luxuries internally. These include an owner’s suite located in the bow and four spacious guest cabins aft.

Other notable features include retractable V-Bollards on deck and three V-Drums below deck. Additionally, there is a subsurface Anchor system that keeps the bow and foredeck free of anchor operations.

The 56m Alea yacht has the capacity for a beach club and can carry two tenders, one beneath a hatch on the foredeck and one 8.5 metre tender in the lazarette. The yacht will be launched this week on Friday and will be delivered to her owner in time for the summer.

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'Long Tally Of Errors' Could Lead To Manslaughter Charges In Deadly Billionaire Yacht Sinking

Seven people died when a strong storm sank the bayesian superyacht.

The 184-foot the Bayesian superyacht sank off the coast of Sicily Monday, taking seven people down with it including a billionaire tech CEO and his young daughter. What may seem like a tragic act of God might actually be the result of a string of very bad decisions, and Italian officials are investigating the sinking now as a suspicious act.

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To be clear, there suspicion is not based on Mike Lynch’s recent win in court on fraud charges , which the yacht trip was meant to celebrate . A witness who testified in Lynch’s defense and Lynch’s lawyer and their families were also aboard the yacht and made up the majority of the victims. What the police are interested in are the choices of the crew aboard the Bayesian superyacht. From Daily Beast :

Authorities are now probing whether Lynch, her father, and five other deceased victims, including Morgan Stanley International chairman Jonathan Bloomer, could have been saved if not for a chain of human errors in advance of the disastrous shipwreck. According to the Italian newspaper la Repubblica , investigators are looking at how the Bayesian’s crew responded to worsening sea conditions before the 180-ft sailing vessel sank in little more than a minute at 4:06 a.m. in the early hours of Monday. The paper reported that the vessel’s captain, James Cutfield, was heard repeating “we didn’t see the storm coming” when he was treated in hospital after the shipwreck. However, la Repubblica reported that investigators have reviewed Automatic identification system (AIS) data that, along with witness interviews, suggests the crew had over 15 minutes to plan for and respond to the inclement weather, including rising wind and waves. “It was a fast but progressive worsening of the sea and wind conditions,” one source told the paper. The superyacht became unmoored and was overwhelmed by 100-mile-per-hour wind gusts. “Everything that was done reveals a very long tally of errors,” Giovanni Costantino, the CEO of Italian Sea Group, which owns the shipyard where the Bayesian was built, told Italian newspaper Corriere della Sera . “The passengers should not have been in the cabins, the boat should not have been at anchor. And why didn’t the crew know about the incoming storm?”

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The Termini Imerese Public Prosecutor’s Office is investigating possibly multiple manslaughter charges in connection with the sinking. Lynch’s 18-year-old daughter Hannah Lynch was the last person still missing and the last body found Thursday. Divers found Hannah still in her bedroom aboard the Bayesian 150 feet below the surface of the ocean.

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

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By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

The maker of Mike Lynch's yacht says it took 16 minutes to sink and the crew should have had time to rescue passengers

• Mike Lynch and six others are dead after his superyacht sank off Sicily's coast.
• The Bayesian sank during a storm. The Italian Sea Group CEO said the yacht took 16 minutes to sink.
• Giovanni Costantino told the Financial Times the ship was "designed to be absolutely stable."

The maker of Mike Lynch's doomed superyacht said the luxury sailing vessel was "absolutely stable" and never should have sunk as he blamed the crew for an "incredible mistake."

The 183-foot ship — named the Bayesian — sank during stormy weather near Palermo, Italy, in the early hours of Monday local time.

Fifteen people, including Lynch's wife , were rescued, while seven others — including Lynch, a UK tech tycoon — have been confirmed dead.

Divers discovered the body of the final person missing from the superyacht on Friday, the Italian coast guard said, according to reports. The Washington Post and CNN both reported that the last body found was believed to be Lynch's 18-year-old daughter, Hannah.

Giovanni Costantino, the CEO of the Italian Sea Group, which owns Perini Navi, the firm that built the Bayesian in 2008, said the ship was "designed to be absolutely stable" as it had the second-tallest mast in the world.

"The torture lasted 16 minutes. It went down, not in one minute as some scientists have said. It went down in 16 minutes," Costantino told the Financial Times . "You can see it from the charts, from the [Automatic Identification System] tracking chart."

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Business Insider could not independently verify his statement, and Costantino did not immediately return requests for comment.

Costantino added that the yacht's skipper "should have locked everything up, saying: "He should have gathered all passengers in the safe point. This is protocol. No one should have been in their cabin."

In an interview on Thursday with Reuters , Costantino placed the blame for the deadly tragedy on the yacht's crew members, saying that they made the "incredible mistake" of not being prepared for the powerful storm that rolled in.

"This is the mistake that cries out for vengeance," Costantino told Reuters, which reported that the storm was projected in shipping forecasts.

Maritime legal experts previously told BI that the operator of the sunken yacht should lawyer up in anticipation of claims from families of the dead or the survivors themselves.

"The boat suffered a series of indescribable, unreasonable errors; the impossible happened on that boat ... but it went down because it took on water. From where, the investigators will tell," Costantino told Reuters.

An investigation into the exact cause of the sinking is ongoing.

Authorities previously confirmed a strong storm had been in the area, though search-and-rescue experts have suggested that multiple factors could have contributed to the disaster.

One theory is that soaring temperatures in the area caused passengers and crew to leave windows and doors open, which would have allowed water to fill the ship quickly during the storm.

"The boat sank because it took on water," Costantino told the FT.

He added that a large opening just above the waterline on the stern could have been left open and become flooded.

Out of the 15 who escaped, nine were crew members. One of them, a chef named Recaldo Thomas, was confirmed dead Monday.

Stephen Askins, a lawyer specializing in maritime cases, told MailOnline that the crew was likely already awake before the ship sunk, while the passengers may have been sleeping below deck.

"The water came in from [hatchways] left open," Costantino told the FT. "There is no other possible explanation. If maneuvered properly, the boat would have comfortably handled the weather — comfortably."

Matthew Schanck, a maritime search-and-rescue consultant, previously told BI that the disaster was "shocking" because Lynch's vessel was a "modern, state-of-the-art superyacht" that would have been commercially certified with the appropriate safety regulations in place.

Witnesses told BBC News they saw a waterspout — an uncommon weather phenomenon consisting of tornadolike wind and water — before the ship went down.

"This tends to have been the accepted theory, that the vessel was hit by a waterspout and the crew didn't see it coming because it was nighttime and dark," Schanck said.

He added that this scenario made sense but questioned how witnesses would have noticed a waterspout if the crew hadn't seen it.

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Mike Lynch and daughter among missing after yacht sinks: What we know about disaster - and 'alarming' potential cause

The British-flagged luxury vessel named Bayesian was carrying 22 people when it got into difficulty off the coast of Sicily. Seven bodies have now been recovered from the wreckage.

News reporter @samuelosborne93

Friday 23 August 2024 12:24, UK

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Seven bodies have been found after a superyacht sank off the coast of Sicily.

Twenty-two people were on board the vessel named Bayesian when it got into difficulty in the early hours of Monday, with 15 people rescued.

Here's what we know about the sinking of the luxury vessel so far.

Follow latest updates on the superyacht sinking

What might have caused the sinking?

The British-flagged luxury vessel, named Bayesian, capsized at around 4.30am local time on Monday morning off Palermo, according to ship-tracking site Marine Traffic.

It sank in as little as 60 seconds with 22 people on board, 12 passengers and a crew of 10, according to the Italian coastguard.

Waterspouts, essentially tornados that form over water, were seen as powerful winds battered the area overnight, local media said.

The yacht may have sunk faster with all the doors open due to the hot weather, Sailing Today magazine editor Sam Jefferson has said.

"I imagine all the doors were open because it was hot, so there were enough hatches and doors open that it filled with water very quickly and sank like that," he said.

Official pictures show air conditioning units in several of the rooms, however, which could counter the suggestion open windows caused the vessel to sink faster.

The huge mast is also likely to have played a role, he added.

What are waterspouts?

Waterspouts typically occur during thunderstorms and can develop very rapidly, within minutes.

Their spin generally reaches wind speeds between 75-200mph, but can reach as high as 300mph.

They can travel at about 10-20mph typically but can reach greater speeds, making them difficult to avoid - especially in something as slow-moving as a yacht.

Matthew Schanck, chair of the Maritime Search and Rescue Council, called the reports of a tornado or waterspout "rare" and "quite alarming".

"The vessel was at anchor in a recognised anchorage," Mr Schanck said.

"Depending on wind direction and the state of the sea, this informs the captain whether it is a safe area to anchor or not. There was nothing that was too concerning, for my eye. All in all, the captain used the information they had to make a safe call."

Who owns the yacht?

The yacht belonged to the family of British tech tycoon Mike Lynch. He was confirmed to have died after rescuers found his body on Thursday. Mr Lynch was on holiday with his 18-year-old daughter Hannah, who is still missing, and his wife Angela Bacares, who was rescued.

Mr Lynch, 59, was known as the " British Bill Gates " and has been in the headlines in recent months over a high-profile fraud case.

In June, a US jury cleared him of all charges, which were related to the 2011 sale of his software company Autonomy to Hewlett-Packard (HP). The yacht trip is believed to have been a celebration of the end of Mr Lynch's legal troubles.

HP accused him of deliberately overstating the value of the company before it was acquired by the American tech giant.

Mr Lynch was extradited to the US to face trial in May last year and spent 13 months under house arrest in San Francisco as he awaited trial on 17 charges of conspiracy and wire fraud brought by the US Department of Justice - which were later reduced to 15 charges. He always denied any wrongdoing and was acquitted.

Read more: Lynch's co-defendant dies days before yacht sinking

Who was on board when the boat sank?

The passengers were largely British and American, with crew members were from New Zealand, South Africa, and Canada.

Charlotte Golunski was among the Britons rescued. Her LinkedIn profile says she is a partner at Mr Lynch's firm Invoke Capital and has worked there since 2012.

Speaking after the ordeal, Ms Golunski told Italian media that she lost her daughter Sofia for "two seconds" amid the "fury" of the sea but was able to retrieve her. She said she held the infant above the waves until the lifeboat was ready.

"Many people screamed. Luckily the lifeboat inflated and 11 of us were able to get on board," she told ANSA.

The girl's father James Emsley also survived, according to Sicily's civil protection agency.

Also on board were Jonathan Bloomer, chairman of investment bank Morgan Stanley, his wife Judy Bloomer, a top US lawyer Chris Morvillo, who worked on Mr Lynch's criminal case, and his wife Neda Morvillo. Divers confirmed on Thursday that their bodies had been recovered.

The yacht's captain James Cutfield survived, along with South African crew members Leah Randall and Katja Chicken.

Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat, was the first to be found dead, the Italian Coastguard confirmed to Sky News.

During rescue efforts, divers saw "corpses through the portholes" of the wreck as they recovered the body of a man at a depth of 50m (164ft), according to Salvo Cocina, the head of the Civil Protection of Sicily.

What do we know about the vessel?

The Bayesian is owned by a company controlled by Mr Lynch's wife.

It was known for its unusual 72.3m (246ft) single mast - one of the world's tallest made of aluminium - and shared its name with the statistical method Mr Lynch's Autonomy software was based on.

It was built by Italian company Perini Navi in 2008 and last refitted in 2020.

It was listed for rent for up to €195,000 (£166,000) a week, according to online charter sites.

The luxury vessel , which was managed by yachting company Camper & Nicholsons, could accommodate up to 12 guests in six suites.

It won a string of awards for its design, according to online specialist yacht sites.

Mr Schanck, of the Maritime Search and Rescue Council, said the vessel would have been equipped with "high standard" life-saving appliances and radio communications.

He added the yacht would have met all international standards and UK Maritime Coastguard Agency regulations before its voyage.

It was previously named Salute, or "health" in Italian, when it flew under a Dutch flag. Its minimalist interior featured light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions on charter sites.

Keep up with all the latest news from the UK and around the world by following Sky News

What were its last movements?

The boat left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor", according to vessel tracking site VesselFinder.

The Bayesian previously travelled to other parts of Sicily before its last sighting off the coast of the port of Porticello.

On Sunday, the boat was seen off the coast of Cefalu before it travelled towards Porticello, MarineTraffic data shows.

In the days before, the yacht travelled around four of the Aeolian islands, just north of Sicily.

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Prosecutors in the nearby town of Termini Imerese have opened an investigation into the sinking.

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Billionaire Yacht Was Piloted Recklessly Before Deadly Sinking, Its Builder Warns

"everything that has been done reveals a very long sum of errors.".

The builder of the sunken superyacht owned by British billionaire Mike Lynch, who died with six others after the vessel went down earlier this week , is blaming an "endless chain of errors" for the maritime disaster.

Flying under a British flag, the 184 foot Bayesian was built in 2008 by Italian builders Perini Navi and should've been "unsinkable" had proper procedures been followed, argues Giovanni Costantino, CEO of the Italian Sea Group, which owns the yacht manufacturer.

"Everything that has been done reveals a very long sum of errors," Costantino told Italian newspaper Corriere della Sera in an interview, as translated by People . "The people should not have been in the cabins, the boat should not have been at anchor. And then why didn't the crew know about the incoming disturbance?"

Red Sky at Morning

An investigation into the sinking is ongoing. It's believed that a small waterspout , or a waterborne tornado, struck the vessel as it was anchored off the coast of Porticello, Sicily, around 5 am local time on Monday, according to  CNN .

At some point after encountering the fierce winds, the ship's towering mast — the second tallest aluminum mast in the world — snapped, before the vessel appears to have capsized and sank with 22 people on board.

Costantino argues — pretty bluntly, we have to say — that the crew and passengers should've anticipated the stormy conditions.

"The passengers reported an absurd thing, namely that the storm came unexpected, suddenly," he said in the interview, per People . "It's not true. Everything was predictable. I have the weather charts in front of me here. Nothing came suddenly."

"Ask yourself, why was no fisherman from Porticello out that night?" he added. "A fisherman reads the weather conditions and a ship doesn't? The disturbance was fully readable in all the weather charts."

Batten Down

Their errors didn't end there, according to Costantino, who said in the interview that there would've been "zero risk" had the right maneuvers been made.

The captain and crew, he further explained to the New York Times , should've turned on the engine, lifted anchor, steered the boat into the wind, and lowered the keel for extra stability, while the passengers should've been gathered in the deck's main hall.

Another precaution would be shutting all the doors and hatches on the ship's side and stern. Costantino claimed that the Bayesian could list, or tilt to one side, to 75 degrees without capsizing, and shouldn't have sunk. But if some of those doors and hatches were left open, he told NYT , the ship could've taken on water too quickly.

As it stands, it's unclear how many of these procedures were executed. The ship's captain, James Cutfield, survived the ordeal and was questioned by authorities, but has not spoken to the media.

It's worth noting that Costantino's arguments could be seen as trying to exonerate his company of any wrongdoing. That being said, the speed at which a vessel of Bayesian's size and reputation sank has stunned sailors and investigators , who are trying to understand why most of the crew survived while six passengers perished.

More on nautical terrors: Orcas Strike Again, Sinking Yacht as Oil Tanker Called for Rescue

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Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster

By Aimee Picchi

Edited By Anne Marie Lee

Updated on: August 21, 2024 / 12:05 PM EDT / CBS News

Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges . 

On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News. 

Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people. 

But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied. 

The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts.

"I am looking forward to returning to the U.K. and getting back to what I love most — my family and innovating in my field," Lynch said in a statement after the verdict.

Here's what to know about Lynch. 

What company did Mike Lynch start?

Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian.

From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.")

The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents.

Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K. 

"I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper. 

What happened after Autonomy's acquisition by HP?

At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman.

HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged. 

Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong."

What happened with Mike Lynch's legal case?

Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate. 

Who is Mike Lynch's wife? 

Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC. 

Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July.

"We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month.

— With reporting by the Associated Press.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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4 bodies found inside the Bayesian, Mike Lynch family yacht, amid search

Four bodies were recovered inside the Bayesian superyacht on Wednesday, more than two days after it sank off the coast of Italy , setting off an exhaustive search for six missing people, including British tech entrepreneur Mike Lynch .

Two of the bodies discovered earlier on Wednesday were brought to shore. One body recovered was a heavily built man, Reuters reported.

Six of the ship's 22 passengers, including Lynch and his 18-year-old daughter, went missing after the yacht plunged under the water just before 5 a.m. on Monday as a storm swept across the area. Americans are among the missing, officials have said.

The U.K.-registered yacht belonged to Lynch's wife, Angela Bacares, who was also on board and was rescued. The tech tycoon was recently acquitted on fraud charges after a year under house arrest.

Ricardo Thomas, the ship's cook, was found dead on Monday, according to the coast guard.

The rescue mission saw a diving team, helicopters and multiple coast guard ships deployed to search the water. Fifteen people were pulled from the water on Monday, and eight were hospitalized in stable condition.

A 'black swan event'? Experts puzzle over why Bayesian yacht sank

An investigation opened by local prosecutors into the cause of the disaster is ongoing. Experts have pointed to a water spout, a tornado over the water that can travel up to 120 mph, that formed during the storm, as well as the heavy weight of ship's mast, one of the largest in the world.

The 184-feet-long ship was made by Italian ship manufacturer Perini in 2008.

Lynch set off on the cruise late last month to celebrate his acquittal on fraud charges in the U.S. that marked a decade of legal challenges, the Associated Press reported .

One of his lawyers and a character witness for Lynch during the trial were also on board and vanished when the boat went down. Authorities have not yet disclosed the identities of the four people found.

Here are the passengers who were declared missing.

Mike Lynch and Hannah Lynch

Mike Lynch, 59, is co-founder of Britain’s largest enterprise software, Autonomy, which was sold to Hewlett-Packard in 2011, and founder of venture capital fund Invoke Capital. 

Sometimes known as “Britain’s Bill Gates,” Lynch was slapped with charges after HP said it had uncovered deceit and a major accounting scandal within the firm. He spent a year on house arrest after being extradited from the UK.

In early June, at the end of a 12-week trial, a San Francisco jury acquitted Lynch of wire fraud and conspiracy to commit wire fraud. He was also cleared on a charge of securities fraud later that month.

Lynch and Bacares have two daughters and six dogs, all named after engineering parts, according to the U.K.’s Sunday Times in a profile of Lynch from last month.

Lynch’s 18-year-old daughter, Hannah, was also among the missing. She was preparing to study English literature at Oxford University, according to the Sunday Times. 

Hannah is the younger of Mike Lynch’s two daughters, the Times reported . Mike Lynch told the outlet that his daughters had grown up with their father being publicly accused of fraud. 

Jonathan Bloomer and Judy Bloomer

Jonathan Bloomer is the non-executive chairman of both Morgan Stanley International and the insurer Hiscox, among other companies. Bloomer acted as a character witness on Lynch’s behalf during his fraud trial. 

Hiscox Chief Executive Aki Hussain told Reuters in a statement that the firm was deeply shocked and saddened and their thoughts were with all those affected. 

Bloomer’s twin brother, Jeremy, told BBC that he is processing the news and the family is waiting to hear updates.

“He was my elder by half an hour, so, it means a lot when you lose a twin brother,” Jeremy Bloomer told BBC. “We’ll still wait and see, so it’s fingers crossed.”

Jonathan Bloomer’s wife, Judy, is a psychotherapist of nearly three decades and former teacher. She specializes in anxiety and stress. She studied English language and literature at Homerton College in Cambridge.

Christopher Morvillo and Neda Morvillo

A lawyer with Clifford Chance, Chris Morvillo was among the team that represented Mike Lynch during his trial. Morvillo is an American citizen. 

He was an assistant U.S. attorney for the Southern District of New York from 1999 to 2005, and he worked on the criminal investigation stemming from the 9/11 terrorist attacks. 

Morvillo was a graduate of Fordham University School of Law and Villanova University. 

Neda Morvillo, his wife, owns a hand-crafted jewelry company under her maiden name, Neda Nassiri. The company’s website said she has been designing and making jewelry for over 20 years.

In a post on LinkedIn after the conclusion of Lynch’s trial, Chris Morvillo acknowledged his family for their support during the case. 

“And, finally, a huge thank you to my patient and incredible wife, Neda Morvillo, and my two strong, brilliant, and beautiful daughters, Sabrina Morvillo and Sophia Morvillo.  None of this would have been possible without your love and support. I am so glad to be home. 

And they all lived happily ever after…."

Contributing: Reuters

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Live updates: Seven dead in 56m superyacht Bayesian sinking tragedy

Seven people have died in the Bayesian sinking disaster. These include the six missing people who were inside the yacht when it sank, as well as a seventh person who was located shortly after the disaster. The seventh person is understood to be the yacht's chef, Recaldo Thomas. The other six are:

• British tech entrepreneur Mike Lynch, once dubbed 'Britain's Bill Gates'
• Lynch's 18-year-old daughter, Hannah
• Morgan Stanley's chairman, Jonathan Bloomer
• Judy Bloomer, wife of Morgan Stanley chairman
• Chris Morvillo, a lawyer working for London-based law firm Clifford Chance
• Neda Morvillo, an American jewellery designer and Chris' wife

It is understood that the yacht was being used to celebrate Lynch's recent victory in a 13-year £8 billion fraud acquittal.

No one remembers the mast snapping before 56m superyacht Bayesian sunk, says crew

No one recalls seeing the mast snap on board the 56-metre Perini Navi sailing yacht Bayesian which sank off the Italian island of Sicily on 19 August. The eyewitness account of a crewmember on board the vessel, which was obtained by BOAT International , said that the boat was struck by a freak weather event which led to the yacht heeling at around 20 degrees to starboard. As crewmembers were securing items, the heeling angle began to increase rapidly until the yacht started taking on water and sank rapidly.

The crewmembers who were up on deck were able to evacuate the yacht with minor injuries. The yacht is understood to have sunk in just twelve minutes, and it is believed that a "major ingress" of water from the top down would have caused the sinking, according to a captain who wishes to remain anonymous. This is based on the fact that no breaches have been reported in the yacht's hull, and the fact that the yacht should have been able to remain afloat with two flooded compartments.

"Very difficult to understand what could have overwhelmed a vessel of that size" says captain of sistership

The captain of the sistership to the sunken 56-metre Perini Navi sailing yacht Bayesian has said it is "very difficult to understand what could have overwhelmed a vessel of that size" and called the 56-metre Perini Navi series "bulletproof".

David Hutchinson, captain of Rosehearty , said he had taken the yacht around the world multiple times and he had "total faith in the boat".  "We've been to Antarctica and Chile, and we've had her in 70 knots of wind," he says, and the vessel had never put them in a situation that felt unmanageable.

However, Hutchinson noted there were differences between Bayesian and Rosehearty ; notably, Bayesian's  74-metre mast, which would have been heavier and added increased windage. The yacht's layout was also different, with guest accommodation on Bayesian located further forward.

Live updates

• During a news conference on Saturday morning (24 August), prosecutors confirmed they are in the early stages of investigating a "crime hypothesis" of culpable shipwreck and manslaughter. Authorities also said the yacht likely sunk because of a downburst (powerful wind that descends from a thunderstorm), rather than a waterspout.
• A search and rescue for six missing people has concluded. The final missing person is understood to be Hannah Lynch. 
• According to Reuters, six bodies have now been found in the sunken yacht. These include Mike Lynch, a British technology entrepreneur who co-founded Autonomy Corporation and founded Invoke Capital, although Italian authorities have not confirmed this.  
• One person was found immediately after the yacht sunk, and this is understood to be the yacht's chef. 
• Lynch’s wife, Angela Bacares, and a one-year-old are among the fifteen people rescued along with Bayesian' s captain, James Cutfield.
• Another sailing vessel in the area, the 42-metre Sir Robert Baden Powell ,  stepped in to offer assistance in the initial rescue.
• Divers have been able to reach Bayesian' s sunken hull, which lies at 45 metres of depth about half a mile from the coast. The yacht had the largest aluminium masts of any sailing yacht on the water.
• Eyewitnesses in the area reported "hurricane" conditions off the coast but local weather websites did not indicate any severe squall, which suggests that the weather event was not forecast.
• At around 5am local time on 19 August, Bayesian was hit by bad weather and sunk.  The sailing yacht was anchored or idle at the time of the incident.

Built in Italy by renowned builder Perini Navi and delivered in 2008, the yacht's naval architecture was developed by Ron Holland Design while the interior design is by Rémi Tessier . She was formerly known as Salute and was last refitted in 2016. She was listed for sale earlier this year, according to BOATPro . The yacht had accommodation for nine guests and 12 crew.

BOAT International will update the story as it develops.

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Yacht Sank in Sicily Due to ‘Endless Chain of Errors,' Ship Maker's Owner Speculates: ‘Everything Was Predictable’

"A series of activities should have been done to avoid finding oneself in that situation," argues Giovanni Costantino, who owns the firm that built the vessel in 2008

• Giovanni Costantino — who is the CEO of The Italian Sea Group, the company that now owns Perini Navi, which built the  Bayesian  in 2008 — blames an "endless chain of errors" for the luxury yacht’s sinking on Monday, Aug. 19
• "Everything was predictable. I have the weather charts in front of me here," Constantino told Italian newspaper  Corriere della Sera  of the storm the boat was caught in
• "An unsinkable ship but from the crew an endless chain of errors," the CEO claimed to the outlet

The sinking of the luxury Bayesian  yacht off the coast of Sicily this week  resulted from an "endless chain of errors" by the crew, the ship maker's CEO is speculating.

"This episode sounds like an unbelievable story, both technically and as a fact," Giovanni Costantino — who leads The Italian Sea Group, the company that now owns Perini Navi, which built the  Bayesian  in 2008 — said,  according to CNN .

While speaking to  Italian newspaper  Corriere della Sera , Costantino said he believes those on board should not have been in their cabins, as he claims they were, when the Bayesian sank in the early hours of Monday, Aug. 19. 

Many details of why the yacht went into the water so quickly remain unclear and it's not yet known what the passengers and crew were doing before tragedy struck.

The 183-foot British vessel sank around 5 a.m. local time on Monday after a "violent storm" while near Porticello, the Italian coast guard said in a statement that was previously obtained by PEOPLE.

"Everything that has been done reveals a very long sum of errors. The people should not have been in the cabins, the boat should not have been at anchor. And then why didn't the crew know about the incoming disturbance?" Costantino said in his interview, translated from Italian.

Related: Italian Authorities Currently Don’t Have Anyone ‘Under Investigation’ over Luxury Yacht Sinking

"The passengers reported an absurd thing, namely that the storm came unexpected, suddenly. It's not true. Everything was predictable. I have the weather charts in front of me here. Nothing came suddenly ... Ask yourself, why was no fisherman from Porticello out that night? A fisherman reads the weather conditions and a ship doesn't? The disturbance was fully readable in all the weather charts. One could not not know," he argued.

"An unsinkable ship but from the crew an endless chain of errors," the CEO asserted.

The coast guard has said 22 people were aboard the  Bayesian  when it sank — 12 passengers and 10 crew — and that 15 of those were subsequently rescued.

The body of the yacht's chef, Recaldo Thomas, was recovered nearby. 

Costantino's comments came as it was reported that five bodies had been found in the search for the missing six people as of Wednesday, Aug. 21, a source close to the rescue operations confirmed to PEOPLE. Authorities have said that their work is ongoing. 

An Italian government official, Massimo Mariani, reportedly named one of the dead as British tech tycoon Mike Lynch . The other bodies have not yet been publicly identified by authorities. 

Lynch was celebrating with family and friends on the yacht following his acquittal in a fraud trial in June, PEOPLE previously reported.

Related: 'We Are in Shock,' Prominent N.Y.C. Attorney's Firm Says After He and His Wife Go Missing in Yacht Sinking

Costantino offered his view of how the tragedy could have been avoided: "To begin with, in a weather alert situation it was inappropriate to have, as I read, a party. Not that evening. The hull and deck needed to be secured by closing all doors and hatches, after putting the guests at the ship's meeting point as per emergency procedure. Then start the engines and pull up the anchor or release it automatically, put the bow to the wind and lower the keel.

"The next morning they would have departed with zero damage." 

When discussing whether the crew were at fault, Costantino reiterated to the Italian outlet that he believes "errors were made."

"A series of activities should have been done to avoid finding oneself in that situation," he said. "I as the ship's captain would have moved, but even if for some reason I had to stay there, I would have managed those weather conditions which then, let's face it, weren't so crazy."

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Costantino contended that there would have been "a zero risk if the correct maneuvers had been made and if situations that compromised the ship's stability had not occurred," adding to the newspaper that reports that the boat went down in seconds is "nonsense." He believes the yacht would have "went down" after water "started to enter" within "six minutes."

The remaining missing  Bayesian  passengers are Lynch's daughter Hannah as well as Chairman of Morgan Stanley International  Jonathan Bloomer, his wife, Judy , and New York City-based lawyer  Christopher Morvillo and his wife, Neda , sources have said.

Lynch's wife, Angela Bacares, was among those rescued, PEOPLE previously reported.

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