WE’RE GONNA NEED A BIGGER HARBOR
Sears billionaire’s yacht takes over Hub waters
The pristine view of Boston Harbor is going to be temporarily obstructed, thanks to a megayacht owned by Sears CEO and billionaire, Edward Lampert that’s moored near Commercial Wharf.
Having come up from Cape Cod Canal, the luxe ship is parked right off the coast hard by Joe’s American Bar and Grill and the Boston Sail Loft yesterday morning. And if you take a look, you can tell this isn’t your dad’s summer sailboat.
Fountainhead, as in the famous Ayn Rand novel, measures a whopping 288 feet long — that’s bigger than a Coast Guard Famous-class cutter. The super-yacht has enough space to accommodate 14 guests, as well as 20 crew members, and it’s valued at $130 million.
That price tag might induce sticker shock among us plebeians, but its chump change for Lampert, whose net worth is reportedly in the one-percenter neighborhood of $1.89 billion.
The yacht has visited the Hub before: It was spotted floating in the harbor last summer, as well. At that point, it was widely believed that the ship belonged to investor, businessman and Dallas Mavericks owner Mark Cuban. Lampert thought it would be fun to get the rumor mill spinning about Fountainhead’s ownership.
After Page Six took the bait and ran with the Cuban rumor, the “Shark Tank” star wrote an email explaining how he had nothing to do with the ship.
“I don’t own a yacht,” Cuban wrote to the Page Sixers. “Never have . . . The guy who owns the boat tells EVERYONE that it’s mine.”
Although Sears and Kmart have been shuttering about 250 of their brick-and-mortar stores, Lampert’s lifestyle can be categorized as luxurious. In addition to his home in Greenwich, Conn., he bought a $40 million, Italian-style villa on the exclusive Indian Creek Island in Miami, Fla., and has a place in Aspen, Colo.
Sounds like smooth sailing to us.