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