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Russian Billionaire’s Daughter Fights Sale Of Abandoned Superyacht To Eric Schmidt

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There could be rough seas ahead for the superyacht tech billionaire Eric Schmidt won at auction in Antigua last month for $67.6 million.

On Wednesday, lawyers for Yulia Gurieva-Motlokhov, daughter of Russian fertilizer billionaire Andrey Guryev, filed an appeal claiming she’s the true owner of the luxury vessel that the Caribbean nation says was abandoned in Falmouth Harbour in March 2022.

Gurieva-Motlokhov is the “sole adult discretionary beneficiary of the ‘Tyne Trust’ and ‘Flagstaff Trust’, which respectively own two companies which themselves own the Alfa Nero and the artwork aboard it,” according to documents filed in the Court of Appeal of Antigua and Barbuda.

Read the full story on Bloomberg here.