A $24 million superyacht burned up just weeks after it was delivered to an Italian car parts boss, and the cause of the fire is still unknown

• A $24 million superyacht belonging to a multimillionaire Italian car industrialist caught on fire.
• Seven crew and nine passengers evacuated without injuries, but the superyacht is destroyed.

A $24 million superyacht, recently received by its multimillionaire owner, caught on fire and is not believed to be salvageable.

The 43.7 meter long superyacht belonged to Paolo Scudieri, the chairman of Adler-Hp Pelzer Group, an automotive parts company.

The Aria SF superyacht was anchored on the west coast of Formentera at Cala Saona in the Balearic Sea when it caught on fire, according to Spanish sea safety and rescue agency Salvamento Marítimo. The agency said the superyacht would be towed to Ibiza.

The superyacht had seven crew members and nine passengers onboard, and everyone was able to evacuate with no injuries. So far, its still unknown what caused the fire and where it originated on the superyacht.

The superyacht included five staterooms, including two VIP suites and two twin staterooms, that could hold up to 10 guests. Scudieri's suite, located on the main deck, included a private lounge, skylight, and a terrace. His suite also had an outdoor lounge that he could access with a private staircase.

Scudieri received his superyacht late last month. The Aria SF was set to premiere at the 2022 Cannes and Monaco yacht shows.