Friday, 1 July 2016
Last updated 3 hours ago
Apr 17 2013 | 11:48am ET
Third Point's Daniel Loeb has an impressive new yacht—a bargain for about $50 million.
Loeb paid between $50 million and $52 million for April Fool, a 200-foot yacht considered among the best ever built by legendary Dutch shipyard Feadship, CNBC reports. The seller was former Citigroup CEO Sandy Weill.
Weill put the seven-year old yacht on the market two years ago, seeking $69.5 million. The price fell to $59.6 million last year.
"Dan got a very fair price," a source told CNBC. "It's not a steal. But it's a great buy."
Loeb is reportedly already enjoying that great buy in the Bahamas. The April Fool features a large master stateroom, a fourth-level sun deck with jacuzzi, a sauna and an outdoor dining lounge.