Superyacht

Authorities in Sicily have opened a manslaughter and negligent shipwreck probe into the Aug. 19 sinking of British tech tycoon Lynch's yacht

The luxury British superyacht was carrying 22 people onboard when it was hit by a sudden tornado-like storm on early Monday in Sicily and then sank in water, reportedly trapping six people inside

The boat, formerly known as Equanimity, 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 wealthiest of the wealthy's $4.8 billion boat party in Monaco

The annual Monaco Yacht Show showcases the pinnacle of design, engineering and luxury available to the seafaring super rich

Taken together the 25 most valuable superyachts are worth more than $7.5 billion, according to the valuation service VesselsValue