The Steve Jobs Yacht Is No Longer Impounded

Posted Dec 26, 2012

Before Steve Jobs passed away, he decided to have a yacht built for his family.  The Venus yacht is one of the most high-tech yachts in existence today.  The yacht was built on the ideas created by world-renown designer Philippe Starck.  Earlier this month, we wrote about how there was a payment dispute with Starck and the Steve Jobs estate.  This led to the yacht getting impounded.  Steve Jobs’ estate ended up settling and the Venus is no longer being impounded.

“A security deposit was paid into a bank account, but I cannot say for how much,” stated Gerard Moussault, a lawyer for the Jobs’ estate.

The yacht costed over 100 million euros ($127 million).  The yacht was impounded when 3 million euros was still owed to Starck.  Starck was supposedly owed 9 million euros, but he had received 6 million.  This is why he had the yacht temporarily impounded.  The yacht will be brought to the Jobs’ estate when the weather gets better.

Jobs and Starck was  “very close in the period that the design was made and the building proceeded.”  This is the reason why Starck agreed to work on the yacht.  The yacht was built with aluminum and was built by Royal De Vries shipbuilders in Aalsmeer.  The bridge has a control panel with 7 iMac computers.  Starck started working on the yacht las tear and it was mentioned in the Steve Jobs biography written by Walter Isaacson.