The boat is owned by Italian billionaire Pier Luigi Loro Piana and it was on its way to the Loro Piana Superyacht Regatta in Porto Cervo in Sardinia Italy.

Italian billionaire yacht. He graduated from the. Italian billionaire seeks compensation for beloved 25 million superyacht that fell off cargo ship. The yacht is known as project Y721.

A heady mix of handcrafted embellishment includes ornate feathers and eastern-style mandalas embroidered in crystals and beads. In 2013 Pier Luigi Loro Piana and his late brother Sergio sold an 80 stake in the Loro Piana fashion company to the French billionaire Bernard Arnaults LVMH for US26 billion. The regatta is hosted by Loro Piana heir to the high-end clothing company of the same name and worth an estimated US16bn in 2018 according to Forbes magazine.

Since he is the worlds richest man he is also the worlds rich yacht owner. Stefano Pessina born 4 June 1941 is an Italian-Monegasque billionaire businessman. If playback doesnt begin.

A MILLIONAIRE playboy has been slapped down after he was filmed spanking the bums of bikini-clad models aboard his private yacht. Bezos is building a large 127-meters sailing yacht complete with 75-meters support vessel. An Italian millionaire went viral after he shared a video of himself emerging from a freezing anti-aging chamber and then performing a dance routine in just his pants and snow boots.

As ever there is an exceptional eye for detail on display in the Billionaires wardrobe. The superyacht My Song owned by an Italian billionaire Pier Luigi Loro Piana is lost at sea after it slips from a cargo ship into the Mediterranean. Shaun CurryAFPGetty Images Stefano Pessina a secretive Italian billionaire is.

He is the executive chairman and largest single shareholder of Walgreens Boots Alliance. Pier Luigi owns an estimated 10 stake in the Loro Piana. However he has now had a yacht a few of his villas and his shares in the Casalunga Golf Club seized over a 105m 95m debt according to Italian publication Quotidiano.