1MDB-Linked Superyacht For Sale Again With a Bigger Price Tag

Dated: October 28, 2019
Category: Blog

Superyacht For Sale: Low has denied wrongdoing. Camper & Nicholsons described Tranquility as an “outstanding” superyacht that “benefits from the finest aesthetics and technical standards.” In a 31-page brochure filled with images of the yacht’s

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The 300-foot luxury yacht once owned by Malaysia’s fugitive financier Low Taek Jho is back on the market again.

Just six months after the vessel was bought for $126 million, yachting company Camper & Nicholsons is listing superyacht Tranquility for sale again. With an asking price of $200 million, according to Business Insider, this is almost 60% more than what casino company Genting Malaysia Bhd. paid.

Formerly known as Equanimity, the yacht was seized from Low last year as part of Malaysia’s efforts to recoup about $4.5 billion allegedly embezzled from troubled state company 1MDB. The U.S. Justice Department explain that more than $250 million in laundered funds were used to buy Equanimity.

The Malaysian government struggled to find buyers before the yacht was purchased in April by Genting, at what Low described as a deal done at a “bargain-basement sale price.” Low has denied any wrongdoing in this matter.

Camper & Nicholsons described Tranquility as an “outstanding” superyacht that “benefits from the finest aesthetics and technical standards.” In a brochure filled with images of the yacht’s interior, it listed some of the awards the vessel had received, which includes a finalist at the World Superyacht Awards in 2015.

Tranquility yacht was rented by makeup mogul Kylie Jenner for her 22nd birthday party, and it boasts a gym, pool, gallery, beauty salon and helipad. What else could you need?! There is still a separate listing for the rental of the vessel from 1.1 million euros ($1.23 million) a week.

Camper & Nicholsons didn’t respond to an email outside of business hours to confirm the asking price of superyacht Tranquility.

For more superyacht information, don’t hesitate to get in touch with us today, we would be happy to help with any questions or advice you may require.

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