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Former Google CEO Schmidt paid $67 million to buy a Russian superyacht


Former Google CEO Eric Schmidt won an auction in Antigua to buy the forfeited Alfa Nero Superyacht for $67.6 million, as first reported by Bloomberg.

Alfa Nero superyacht

The superyacht Alfa Nero docked at Falmouth Harbor in Saint Paul Parish, Antigua, on April 20, 2023. (Bing Guan/Bloomberg via Getty Images/Getty Images)

Alfa Nero is built by the same shipbuilder, Oceanco, that built the Koru, the tallest sailing yacht in the world that Lauren Sanchez and Jeff Bezos currently enjoy.

Jeff Bezos with Lauren Sanchez in a bikini on their yacht

Jeff Bezos and Lauren Sanchez appear on board the superyacht Koru while anchored in Portofino, Italy, on June 12, 2023. (Oliver Palombi / MEGA / Mega)

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Eric Schmidt

Eric Schmidt, former president and chief executive officer of Google, visits FOX Business Network Studios in New York City on April 16, 2019. (John Lamparski/Getty Images/Getty Images)

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Oceanco calls Alfa Nero “one of the world’s most iconic and award-winning yachts.”

Alfa Nero superyacht

Alfa Nero has an initial price of 120 million USD. (Bing Guan/Bloomberg via Getty Images/Getty Images)

Yachts have a first “declaration pool” that converts into a helipad or a disco, depending on the mood of the owner.

An office on the Alfa Nero yacht

An office on the Alfa Nero superyacht. (Bing Guan/Bloomberg via Getty Images/Getty Images)

The yacht previously belonged to Andrey Guryev, a Russian oligarch who was sanctioned by the US Treasury Department last year after Russia invaded Ukraine.

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The bedroom on the superyacht.

One bedroom on the Alfa Nero superyacht. (Bing Guan/Bloomberg via Getty Images/Getty Images)

Schmidt is worth about $25 billion after running Google during a period of high growth as CEO from 2001 to 2011 and executive chairman from 2011 to 2015.

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Schmidt declined to comment to FOX Business.

A chair on the bridge of a super yacht.

A chair on the bridge of the superyacht Alfa Nero. (Bing Guan/Bloomberg via Getty Images/Getty Images)

Alfa Nero has an initial price of 120 million USD. While the $67.6 million price tag might be considered stealing, the general rule of thumb for the annual cost of running and maintaining a superyacht is 1/10th of the purchase price. Schmidt will likely pay up to $12 million a year for the crew, fuel and maintenance of the massive 267-foot vessel.

A swimming pool on the back of the super yacht Alfa Nero

An infinity pool, converted via hydraulics into a helipad, on Alfa Nero. (Bing Guan/Bloomberg via Getty Images/Getty Images)

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Superyacht folding chair

The seats are stowed on the deck of the Alfa Nero superyacht. (Bing Guan/Bloomberg via Getty Images/Getty Images)

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Superyacht light panel

An exterior light panel on the Alfa Nero superyacht. (Bing Guan/Bloomberg via Getty Images/Getty Images)

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The bridge of the superyacht Alfa Nero

Bridge of superyacht Alfa Nero. (Bing Guan/Bloomberg via Getty Images/Getty Images)

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Covered deck interior on superyacht

Covered deck interior on Alfa Nero superyacht. (Bing Guan/Bloomberg via Getty Images/Getty Images)

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