Share

Got R2.9bn? A superyacht once owned by an international fugitive is for sale

The 91m luxury yacht once owned by Malaysia’s fugitive financier Low Taek Jho is back on the market.

Just six months after the vessel was bought for $126 million (about R1.8bn), yachting company Camper & Nicholsons is listing Tranquility for sale again, its website showed. It has an asking price of $200 million (about R2.9bn), according to Business Insider, almost 60% more than what casino company Genting Malaysia Bhd. paid.

The boat, formerly known as Equanimity, was seized from Low last year as part of Malaysia’s efforts to recoup about $4.5 billion allegedly embezzled from troubled state company 1MDB. The US Justice Department said more than $250 million in laundered funds were used to buy Equanimity.

The Malaysian government struggled to find buyers before the yacht was purchased in April by Genting, at what Low described as a deal done at a “bargain-basement sale price.”

Low has denied wrongdoing.

Camper & Nicholsons described Tranquility as an “outstanding” superyacht that “benefits from the finest aesthetics and technical standards.”

In a 31-page brochure filled with images of the yacht’s interior, it listed some of the awards the vessel clinched, including as a finalist at the World Superyacht Awards in 2015.

Tranquility, which was rented by makeup mogul Kylie Jenner for her 22nd birthday party, boasts a gym, pool, gallery, beauty salon and helipad, as well as a sauna and grand piano. There is still a separate listing for the rental of the vessel from 1.1 million euros (about R18 million) a week.

Camper & Nicholsons didn’t immediately respond to an email outside of business hours to confirm Tranquility’s asking price.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.97
-0.3%
Rand - Pound
23.97
-0.3%
Rand - Euro
20.48
-0.1%
Rand - Aus dollar
12.36
-0.1%
Rand - Yen
0.13
-0.4%
Platinum
907.94
+1.2%
Palladium
1,014.30
+1.3%
Gold
2,215.39
+0.9%
Silver
24.91
+1.1%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders