Saudi Arabia

Saudi Billionaire Sells Vandalized $100 Million Superyacht

While docked in Nice, France, a mob with garbage and red paint trashed the $100 million luxury vessel of Saudi billionaire Fahad Al Athel. It was a case of being at the wrong place and at the wrong time that this beauty of a boat got caught up in other people’s mess, quite literally.

France’s instability, demonstrations, protests, and riots took a stinking shape when agitators propelled garbage, projectiles, paint, and edibles like fruits and vegetables on this beautiful 263-footer. It doesn’t even belong to any high-profile French national to deserve the hostility that came flying its way. Thankfully the vessel has nearly 25 crew members who would’ve scrubbed the superyacht back to charm.

Saudi businessman Fahad Mohammed Saleh Al Athel with a net worth of $2.2 billion the founder of FAL Holdings a conglomerate with more than 4,000 employees is the proud owner of the Elements superyacht. The 75-year-old Saudi Arabian graduate in Business Administration from Portland State University has investments in healthcare, technology, and real estate.

Fal Holdings owns London Ashford Airport and yacht builder YachtLey, a shipyard based in Turkey that built the magnate’s superyacht Elements. While Sheikh Fahad al Athel permanently resides in Saudi Arabia, he unwinds in a large holiday home in Cologne, Switzerland. In addition to the $100 million yacht, the Saudi businessman loves to fly in luxury as well, he owns an Embraer ERJ-135BJ Legacy 600 private jet valued at $ 25 million.


Luxury Launches
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