Tech Entrepreneur, 18-Year-Old Daughter Among The Missing After Yacht Sinks Near Sicily

Forbes Business Breaking Tech Entrepreneur, 18-Year-Old Daughter Among The Missing After Yacht Sinks Near Sicily Mary Whitfill Roeloffs Forbes Staff Mary Roeloffs is a Forbes breaking news reporter covering pop culture. Following Aug 19, 2024, 08:52am EDT Updated Aug 19, 2024, 02:16pm EDT Share to Facebook Share to Twitter Share to Linkedin Topline Two Americans
Tech Entrepreneur, 18-Year-Old Daughter Among The Missing After  Yacht Sinks Near Sicily

Tech Entrepreneur, 18-Year-Old Daughter Among The Missing After Yacht Sinks Near Sicily

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Updated Aug 19, 2024, 02:16pm EDT

Topline

Two Americans and a British tech entrepreneur are reportedly among six people missing in waters off the coast of Italy after a 184-foot luxury sailing yacht called the Bayesian sank following a bout of bad weather—including tornadoes—near Sicily early Monday morning.

Key Facts

The boat had 22 people on board — 10 crew and 12 passengers — including people from the United States, Britain and Canada, when it overturned at around 5 a.m. Monday, according to the Italian coast guard.

Fifteen people were rescued from the vessel (including a 1-year-old girl), one person was found dead and six, including two Americans, remain missing, according to multiple reports.

Michael Lynch, a British tech entrepreneur and one-time billionaire, is reportedly among those missing with his lawyer and his 18-year-old daughter, Hannah Lynch (his wife, Angela Bacares, was rescued).

Authorities on Monday told the BBC the missing people are presumed to still be inside the boat.

Local media reported the person who died was a member of the crew.

Eight of those rescued are being treated at a local hospital.

An ongoing search operation includes divers attempting to search the vessel, now sitting 160 feet below sea level, as well as rescue boats and helicopters, according to CNN.

The ship’s anchor was put down near the port of Porticello overnight Sunday when a harsh storm hit the coast that included a ” waterspout,” a tornado-like swirling column of air and water.

The ship tipped over and quickly was drug underwater by its massive mast—it had the tallest aluminum mast in the world at 246 feet.

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Big Number

$215,000. That’s the cost to charter the Bayesian, a single-mast sailing vessel, for one week.

Crucial Quote

“She told me that while they were sleeping, at a certain point the yacht overturned due to the tornado, and they found themselves in the water,” Dr. Domenico Cipolla, head of the emergency room at the pediatric hospital in Palermo, Italy, told The Times. “Some of them immediately managed to get onto the lifeboat. And some, evidently, didn’t make it.”

Tangent

Lynch was acquitted in a fraud trial in June after he was accused by Hewlett-Packard of artificially inflating the value of Autonomy before HP bought it for more than $11 billion in 2011. HP wrote off $8.8 million of Autonomy’s value within a year of buying the company. Today, The Times estimates Lynch has a net worth of £500 million. He “had a lot of pride” in his yacht, a member of his staff told the U.K. paper, and business filings show the boat is legally owned by his wife, Bacares.

Further Reading

BbcSeven missing after sailboat sinks off Italian coast

AP News1 dead and 6 missing after luxury superyacht sinks in storm off Sicily the GuardianBritons and Americans among missing after yacht sinks off Sicily in storm CNNSix people missing and one dead after tornado sinks luxury yacht off Sicily | CNN

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Mary Roeloffs is a Forbes reporter who covers breaking news with a frequent focus on the entertainment industry, streaming, sports news, publishing, pop culture and climate change. She joined Forbes in 2023 and lives in Dallas. She’s covered Netflix’s hottest documentaries, a surge of assaults reported on social media, the most popular books of the year and how climate change stands to impact the way we eat. Roeloffs was included on Editor & Publisher Magazine’s “ 25 Under 30” list in 2023 and worked covering local news in the greater Boston area from 2017 to 2023. She graduated with a double major in political science and journalism from Northeastern University. Follow Roeloffs for continued coverage of streaming wars, pop culture news and trending topics. 

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