When It Comes to Yachts, Size Does Matter

The Sandy Weill sell-off continues

(NEWSER) - After selling his Manhattan penthouse to a 22-year-old Russian heiress for $88 million , former Citigroup chief Sandy Weill is trying to offload his yacht as well. The 200-foot super yacht April Fool, which Weill rarely used in the five years since he bought it new, is being offered for a mere $69.5 million, the Wall Street Journal reports. People in the super yacht trade, however, say Weill is likely to find his boat harder to sell than his Manhattan pad. More»

PJ World yacht like a floating mansion

(NEWSER) - Mansions are cool and all, but wouldn’t they be better if they floated and came with submarines? That seems to be the idea behind the PJ World yacht, an upcoming 269-foot, $150 million super-yacht designed by Rolls Royce and Palmer Johnson. Its coolest feature: A six-man submarine that can exit and enter through what one Palmer Johnson executive describes as “a James Bond door that opens to the water.” More»

Mexican tycoon world's richest man with $74 billion

(NEWSER) - Mexican telecoms tycoon Carlos Slim is the richest person in the world for the second year running, according to Forbes' latest list of billionaires . The 71-year-old Slim, now worth an estimated $74 billion, widened the gap with No. 2 Bill Gates thanks to some canny business moves last year, including heavy investment in mining, Reuters notes. Warren Buffett, Louis Vuitton chief Bernard Arnault, and Oracle's Larry Ellison round out the top 5 of the world's estimated 1,210 billionaires, who have a combined net worth of some $4.5 trillion. More»

Boat worth triple Equatorial Guinea's health, education spending

(NEWSER) - The son of a West African dictator is having a boat built for himself with a price tag of $380 million—or nearly triple what his country spends on health and education every year, AOL News reports. Teodorin Obiang, Equatorial Guinea’s agriculture minister, makes much more than most in his country ($6,799 a month), but not enough for the boat (which would take him 4,600 years to pay for at that salary), raising suspicions he’s buying it with cash that should be in the citizens’ hands. More»

There are 70 billionaire moms in the world

(NEWSER) - We hear a lot about Angelina , but she isn't the only mom making serious bank. According to Forbes ' count, there are 70 billionaire mothers in the world (compared to 555 dads). Some of them—think Mars and Heineken—are old names. Others, are relative newcomers. Here are some of the standouts:

• Richest: American billionaire Christy Walton inherited her $22.5 billion fortune when her husband, an heir to the Wal-Mart fortune, died in a plane crash in 2005.