Tags: steve | jobs | yacht | impounded

Late Steve Jobs’ Dream Yacht Impounded for Money Due

Friday, 21 Dec 2012 05:37 PM

By Michael Mullins

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A mega-yacht built for the late billionaire and Apple co-founder Steve Jobs was impounded in Amsterdam on Friday after the vessel's designer claimed he had not been paid.

The 260-foot-long yacht, which was still being built when Jobs succumbed to pancreatic cancer in October 2011, cost the computer pioneer an estimated $131.6 million to construct, according to Wired.com.

The boat's designer, Philippe Starck, a Frenchman, claims that instead of the $9 million he was promised he had only received $6 million prior to Jobs' passing.

Speaking with Reuters through his lawyers, Starck said the massive yacht will be released upon full payment by Jobs' estate.

The yacht, which made its unofficial debut in late October, is currently being held in the Port of Amsterdam, courtesy of a debt-collection agency hired by Starck to resolve the matter.

"The project has been going since 2007 and there had been a lot of detailed talk between Jobs and Starck," said Roelant Klaassen, an attorney for the Ubik law firm representing Starck. "These guys trusted each other, so there wasn't a very detailed contract."

The Venus, as the vessel is named, is a floating testament design-wise to Jobs' love of minimalism. Comprised entirely of aluminum, the all-white yacht has 40-foot-long floor-to-ceiling windows throughout the passenger area, with seven 27-inch iMacs in the ship's command center.

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