David Geffen | Rising Sun Yacht | $590 million
Best known for being the founder of Asylum Records and Geffen Records in the 1970s and 1980s, David Geffen was responsible for launching Guns ‘n Roses, Aerosmith, and Eagles’ careers. After two decades of successful operations, Geffen sold his company to MCA Records for a whopping $550 million. Nowadays, his estimated net worth is around $6.8 billion. Aside from his career, the media magnate is also a notable philanthropist, generously supports educational institutions and arts and medical research.
Geffen is also known for owning the legendary luxury pleasure vessel Rising Sun, which cost a mind-boggling $590 million—this surely has premium insurance. The 138-meter superyacht was built in Germany by the late legendary Jon Bannenberg in 2004, and it is considered one of the largest yachts in the world. It was initially bought by Larry Ellison, the co-founder of the computer software company Oracle. Geffen first acquired half shares of the superyacht in 2004 before taking freehold tenure of the Rising Sun in 2010.