What do you do when you have over 1000000000 dollars? Consider buying yourself a vintage yacht to revive, like Bitcoin billionaire and former child star Brock Pierce not too long ago did.
Pierce is highest identified for appearing in Disney movies like The Mighty Ducks (1992), D2: The Mighty Ducks (1994), and First Kid (1996). Since then, he’s made it big within the cryptocurrency industry and currently sits as the Bitcoin Foundation’s chairman.
With an estimated web worth of upwards of $1.1 billion, it’s clear that he has the resources to spend on the finer things in life. Pierce just lately made up our minds to take a look at his hand at renovating. But moderately than opting for something conventional like a space or car, the businessman set his sights on a yacht.
Fox Business studies that Pierce paid a cool $1.Nine million on a vintage Portuguese yacht, which spans over 500 toes. He plans to fully repair the vessel with a purpose to develop into it into a luxury hotel and museum.
So some distance, he’s spent more than $6.Four million on restoring the yacht, even though there’s plenty of more work to go. More than a hundred and eighty people are currently hired to work on the venture.
The yacht is healthier known as 1961’s MV Funchal. It served as Portugal’s legit presidential yacht beginning within the Nineteen Sixties. In the ‘70s, for instance, it was once used to carry the ashes of Brazil’s King Pedro I, recognized for securing Brazilian independence from Portugal in 1882. In recent years, however, the send has been losing away in a scrap backyard.
Speaking to Page Six, Pierce defined that he instantly became interested within the vessel when he realized it’d been abandoned. In reality, the send was preparing to be sold for scrap. If this took place, it might’ve been melted down and its portions used for uncooked materials.
" This sounds like [the renovation] could be difficult, but I would like to learn about maritime law, that’s interesting ,” he explained of the project. “ You never know when you’re going to need an ark .”
Pierce plans to keep the cruise ship permanently in Lisbon, and it will eventually be open to the public. The former actor says he’s assured the Portuguese government that his intentions are to “preserve and save the vessel.”
Pierce told Page Six he’s passionate about “preserving national treasures and relics […] I do it around the world.” He added that he’s currently working on a similar project in the United Kingdom, and has already done historic restorations in both Spain and Amsterdam.
Sources: Fox Business, Page Six,
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