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Lifted from Latitude 38
March 7 - Auckland, NZ
According to a long and fascinating article on the human side of the
America's Cup by Ian Brown in The Globe and Mail, 'Canada's National
Newspaper', it cost Larry Ellison $300,000 a month - no typo - to berth
his 235-ft motoryacht Katana in Auckland for the America's Cup. If
you're wondering how he can afford it, consider this. As a result of the
paltry 8 cents per $23 share of Microsoft that is being distributed,
Ellison's arch rival - but fellow billionaire - Bill Gates will receive
$97 million. While Ellison may not be quite as rich as Gates, $300,000 a
month for berthing is, as hard as it is for the rest of us to believe, a
pittance to him.
Brown also reported that Microsoft co-founder Paul Allen - who will
probably get $75 million in dividends - had his 320-ft motoryacht
Tatoosh on the scene. The mega-motoryacht, often featured in 'Lectronic
Latitude, "has five decks, two helicopter pads and one helicopter, a
42-ft racing yacht, a pool, two Hobie Cats, sometimes a submarine, and a
crew of 30." Allen, of course, bailed out the OneWorld America's Cup
entry from the Seattle YC, the one that supposedly was the
environmentally correct one. It costs about $100,000 to fill Tatoosh's
tanks.
Brown shone a not always positive light on some of the women at the
America's Cup, who very frankly were there for just one reason: to use
all their feminine wiles to snag one of the billionaires. Brown's
article appeared in the February 15 edition and was a delicious read.
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