Jefferies CEO Rich Handler has sold $65 million worth of stock in the investment bank to acquire a yacht from Tilman Fertitta, the hospitality billionaire and owner of the Houston Rockets. The sale, which prompted a press release, was described by Handler as a gift to himself and his family. The yacht in question is a 50-meter superyacht named Boardwalk, currently moored in Fort Lauderdale, Florida.
Boardwalk, delivered in 2010, features a spa pool, helipad, multiple bars, and 15 bathrooms, including one with a television. The master cabin includes a dressing room and private study, and scooters are available on board for easy transportation. According to industry source SuperYacht Times, the yacht can accommodate 12 guests and 12 crew members.
While Boardwalk is part of a series of boats built by the shipyard, Fertitta made several custom adjustments to create a less formal atmosphere. Handler has previously been a guest on the yacht, arriving via helicopter when it was moored in St. Barts.
Tilman Fertitta, with a net worth of $9.3 billion, is known for his love of yachts and has recently acquired a new, fully custom vessel named Boardwalk. This 77-meter giant, built by Dutch shipyard Feadship, was delivered in 2021 and features a modern design, a gym with Peloton and Mirror equipment, a sauna, beauty salon, and six sit-down bars.
Handler’s purchase of Boardwalk from Fertitta marks a significant acquisition, while Fertitta continues to indulge his passion for yachts with his latest addition.
