The hunt for ultra-luxurious superyachts owned by sanctioned Russian oligarchs is only getting more interesting by the day. Some of these pleasure vessels are covering crazy distances every day just to escape from being seized. The invasion of Ukraine by Russia that triggered several rounds of crippling sanctions by the US and its allies has brought focus on such Russia-owned multi-million-dollar superyachts that until recently remained shrouded in mystery by carefully staying away from the public eye. The stunning 85-meter Pacific superyacht owned by Russian billionaire Leonid Mikhelson is one of them.
The founder and CEO of Russia’s biggest natural gas producer Novatek was sanctioned by the British government last month. This immediately brought his beautiful superyacht to the forefront which had managed to remain discrete for all these years. The luxury vessel has been on the move since and is currently located near the Panama Canal, according to the latest maritime traffic data. The vessel departed from Costa Rica a few days back and is reportedly on its way to the Bahamas. However, it won’t be a surprise if Mikhelson’s superyacht tries sailing as far away from the US as possible.
Previously known as Project Josi, Pacific was built by the famed yacht manufacturer Lürssen at its Lemwerder shipyard in Germany and was delivered to her owner in 2010. The sleek exterior of the beautiful vessel was designed by Argentinean architect German Frers known for penning sailing yachts, while the interior was designed by Bannenberg & Rowell from London. Pacific is built with a steel hull, an aluminum superstructure, and a teak deck, giving it a gross tonnage of 2959 tonnes. One of the highlights of the Pacific superyacht is its unique exterior silver paint which makes it instantly recognizable. The distinctive metallic finish of the vessel apparently shifts color in the sunlight from light blue to shiny silver, which looks pretty cool.
The interior of Mikhelson’s superyacht has remained a secret with no official information available publicly, except for a picture that shows the use of earthy tones augmented with splashes of blue. Reportedly, there’s even an elevator on the inside that makes it easy to move between floors. The vessel can accommodate 12 guests in 6 cabins and is also capable of carrying up to 28 crew onboard.
As far as the amenities are concerned, Pacific has all those you’ll expect from a vessel that costs more than $150 million, which includes a swimming pool, a jacuzzi, a gym, and a movie theater. The 85-meter superyacht also features two big helipads for choppers to quickly transport guests to and from the vessel. Additionally, guests can also go exploring or visit the nearest harbor on one of the Pacific’s tenders.
The Pacific superyacht was conceived with the intention of building a globetrotting uber-luxurious vessel meant to explore far-flung locations on this planet. Over the last few years, Pacific has been all around the world has been spotted in Australia, Indonesia, Florida and across the Caribbean, Pacific, and Mediterranean seas.
Pacific can glide across the oceans at a cruise speed of up to 14.4 knots and a maximum speed of 21.6 knots, thanks to its twin MTU 20V 4000 M93L diesel engines of 5,764hp each. It will be interesting to see where the uber-luxury vessel with a color-changing exterior finds safety away from the clutches of the US and its allies.
Who is Leonid Mikhelson?
Leonid Mikhelson is the founder and CEO of Novatek, Russia’s biggest natural gas producer, who made his wealth during the privatization process after the breaking up of the USSR like most other Russian oligarchs. The 66-year-old Russian-Israeli billionaire is believed to be a close friend of Putin, which got his name added to the sanctions list. In fact, Mikhelson plays a major role in the Russian energy industry, making his one of the most powerful men in the country. According to Forbes, he became the richest man in Russia in 2016 after his company recorded record sales in the previous years. Although he doesn’t hold the title anymore, his net worth is still close to $19 billion. Mikhelson is also a known art lover with an art collection worth $200 million. Not only was he on the board of trustees at New York’s New Museum from 2013 to 2017, but he has also sponsored exhibitions at the Art Institute of Chicago and London’s Tate Modern.
Billionaire Public Storage Heiress Asks $127.5 Million for Paradise Cove Estate
Seller Tammy Hughes Gustavson
Location Paradise Cove, Malibu, Calif.
Price $127.5 million
Specs 10,698 square feet, 8 bedrooms, 12 bathrooms
Lot Size 3.6 acres
A sprawling compound owned by Public Storage heiress Tammy Hughes Gustavson has hit the market in Malibu. Nestled on a picturesque 3.6-acre blufftop parcel directly overlooking the Paradise Cove beach, and offering more than 200 feet of ocean frontage, the place is asking a substantial $127.5 million, as was first reported by The Wall Street Journal.
Records show the estate was previously owned by Gustavson’s late father B. Wayne Hughes, a lifetime trustee of USC who co-founded Public Storage in 1972 and died in August 2021 at age 87. Hughes paid just over $20 million back in 2003 for property, which is showcased by a nearly 11,000-square-foot main house boasting eight bedrooms and 12 baths, plus two guesthouses — all offering sweeping coastline and ocean views via walls of glass and expansive terraces.
The spread rests directly south of two neighboring parcels owned by tech billionaire Jan Koum. The WhatsApp co-founder paid $100 million for NBCUniversal vice chairman Ron Meyer in 2019, and subsequently doled out $87 million to acquire “Real Housewives of Beverly Hills” star Diana Jenkins’ funicular-equipped compound right next door.
Gustavson’s primary residence remains in Lexington, Kentucky, where she owns Spendthrift Farm, the racehorse-breeding ranch that produced 2017 Preakness Stakes winner Cloud Computing. She currently serves on the self-storage company’s board and is a major shareholder; per the Bloomberg Billionaires Index, her net worth is estimated at around $8 billion.
As for her Malibu residence, the Mediterranean-style stucco and terracotta-roof structure is hidden away behind a lengthy gated driveway and was built in 2001. A formal foyer flows into the two-story main house, which is highlighted by a formal living room sporting a floor-to-ceiling fireplace, built-in bookshelves and two sets of French doors opening to the outdoors, along with a dining room and movie theater.
A gourmet kitchen equipped with a wraparound island and high-end stainless appliances connects to a breakfast nook that spills out to a covered al fresco dining area. Upstairs, four ensuite bedrooms include a sumptuous master retreat sporting a fireplace, custom walk-in closets and a private terrace, as well as a luxe bath.
In addition to the main home, there’s also the aforementioned pair of guesthouses — one of which rests atop a three-car garage, and comes with two ensuite bedrooms and a kitchenette, and another that’s being used as a gym/yoga studio. Separate staff quarters with a kitchen can be found just off the garage, with the grounds also hosting a tennis court and winding pathway leading down to the beach.
The listing is held by Jade Mills of Coldwell Banker Realty.
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After Buying in Texas, Emma Stone Lists Clifftop Malibu Home
Seller Emma Stone
Location Malibu, Calif.
Price $4.295 million
Specs 1,764 square feet, 3 bedrooms, 2 bathrooms
Lot Size 3.15 acres
Now that she’s presumably moved into her elegant new Austin home, Emma Stone no longer needs her previous main residence. Newly available for sale and asking just under $4.3 million, that midcentury ranch-style house sits atop a bluff in the Malibu hills, where it’s blessed with spectacular ocean views from a birds-eye perch directly above Las Tunas Beach.
Stone picked the Malibu property up in 2018, paying about $3.3 million. Originally built in 1958, the home had been renovated just prior to the “Cruella” and “La La Land” star’s purchase by its former owners, who had the picturesque property featured in the Cottages & Gardens magazines.
Those former owners also remodeled the kitchen, adding high-end stainless appliances and stone countertops, and gave the entire house a thorough whitewashing, with creamy white walls and ceilings throughout.
Today, the property looks much the same as it did when Stone bought the place, save for some minor decor changes. The most dramatic alteration Stone made appears to be the front door, which has been painted a deeper shade of blue. There’s still a large brick terrace that overlooks the ocean, and the property is surrounded by native eucalyptus and yucca trees, plus colorful patches of blue agave and jade.
The house is on the small side, particularly as A-list celebrity residences go, with three bedrooms and two baths in just under 1,800 square feet. Still, the mostly open floorplan is airy and spacious. It’s also flooded with natural light, thanks to floor-to-ceiling windows and multiple skylights throughout. The two guest bedrooms share a single full bathroom, while the ocean-view primary bedroom has a smaller bathroom all to itself. Eric Lavey of Sotheby’s International Realty holds the listing.
In addition to her new Texas mansion and the for-sale Malibu house, Stone also maintains a posh New York City apartment and a relatively humble bungalow in L.A.’s Westwood neighborhood, the latter of which has long been occupied by her mother.
Note: while tax records and the MLS show the house measures in at under 1,800 square feet, the floorplans reflect slightly over 2,000 square feet of living space. We’re guessing that discrepancy might be due to the two-car attached garage, which has been quasi-converted into a game room/office area/recreation space.
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The ‘Midnight Navy’ Air Jordan 4 Debuts This Fall
Being delivered is a “Midnight Navy” colorway of the Jordan 4, which will take on OG “Fire Red” blocking, but with navy hits in place of red. While images of the shoe have not yet surfaced, the provided mock-up is said to be close to what’s expected to launch.
Release dates are generally fluid these days, but pencil these in for an Oct. 1 drop at $210. Keep an eye out for images and new information here in the months ahead.
Air Jordan 4 Retro “Midnight Navy”
Release Date: 10/01/22
Color: White/Midnight Navy-Light Smoke Grey-Fire Red
Style #: DH6927-140
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