The $75 million yacht owned by Pakistani billionaire Alshair Fiyaz rammed into a control booth in the Caribbean, destroying the structure.
was commissioned by Russian-Israeli businessman Roman Abramovich, who built a fortune during the early 1990s as the Soviet Union opened up to private businesses. Starting out selling dolls and toys, he expanded his holdings to oil, metals and other resources.
By the middle of the decade, he had become close with President Boris Yeltsin and moved into an apartment in the Kremlin, according toAbramovitch was also an early supporter of Russian President Vladimir Putin. His career has also been dogged with controversy, as a 2008 article in thereported that he had admitted to paying out billions of dollars in bribes and protection money to secure his aluminum interests in Russia.
In 2009, Abramovich sold the vessel to Mohammed bin Zayed Al Nahyan, the crown prince of Abu Dhabi, for $120 million. Sheikh Mohammed then sold it to shipping magnate Fiyaz in 2014.
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