scorecard
  1. Home
  2. finance
  3. Hedge Funder Dan Loeb Bought Sandy Weill's Sick Yacht

Hedge Funder Dan Loeb Bought Sandy Weill's Sick Yacht

Hedge Funder Dan Loeb Bought Sandy Weill's Sick Yacht

Hedge fund hot-shot Daniel Loeb, the founder of Third Point LLC, recently purchased Sandy Weill's 200-foot yacht, CNBC's Kayla Tausche and Robert Frank report.

He paid between $50 to $52 million for the former Citigroup CEO's "April Fool", sources told CNBC.

It was listed $69.5 million in 2011, according to the Wall Street Journal. The price was lowered to $59 million, according to CNBC.

Loeb was one of the best paid fund managers in 2012 taking home an estimated $380 million, according to Institutional Investor's Alpha.

The vessel features 1 master bedroom and 4 guestrooms, a gorgeous dining room, and a jacuzzi. Now let's take a tour.

READ MORE ARTICLES ON



Popular Right Now



Advertisement