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Billionaire celebrates spectacular turnaround on boat off Italy – missing “British Bill Gates” dies

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British tech entrepreneur Mike Lynch was initially thought to be missing, but the 59-year-old was found dead. No trace of his daughter.

Updated as of August 23: After days of searching, it’s now certain: British billionaire Mike Lynch also died when a luxury yacht sank off the Italian Mediterranean island of Sicily. The body of the 59-year-old entrepreneur was brought to the surface by special divers from his yacht “Basian”, which was grounded at a depth of 50 meters. Her daughter Hannah was also found dead on Friday afternoon.

The Captain Michael Schlegt assesses the course of the accident in an interview with IPPEN.MEDIA. Accordingly, the weather is “extremely severe”. “And probably a lot of open hatches and doors,” the captain added.

Original post from August 20, 2024: Palermo – How did a 56-meter-tall spaceship sink in a storm off the coast of Sicily? This is one of the questions that worries many people after the accident in Italy. The “Basian” wreck lies at a depth of 49 meters on the seabed. Special divers are continuing to search for the missing people. Among them were British Prime Minister Mike Lynch (59) and his daughter Hannah (18). Also missing were Morgan Stanley International Chairman Jonathan Bloomer and his wife and Lynch’s lawyer Chris Morvillo and his wife Nada, according to Italian media reports.

Mike Lynch missing after boat accident: “British Bill Gates” in trouble after billion-dollar deal

Billionaire Mike Lynch made headlines several years ago with the sale of his company “Autonomy” to Hewlett Packard (HP). Lynch sold the software company in 2011 for $11 billion. The media hailed him as the “British Bill Gates”. However, for the Americans, the deal turned out to be a colossal failure. The computer giant gave away billions. Lynch and a fund manager were accused of embellishing sales figures prior to the sale. The 59-year-old was eventually extradited to the United States and faces up to 25 years in prison.

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Mike Lynch celebrated his release by sailing to Italy on the “Basian”.

A surprising twist came just a few weeks ago: Lynch was acquitted in a fraud investigation surrounding the “autonomy” deal. The release follows the failure of a civil case in Great Britain and a $4 billion claim from the successor companies of the former Hewlett-Packard Group. For years, Lynch has claimed he was the victim of a botched acquisition. Britain is now considered “rehabilitated”.

The luxury yacht cruise was intended to celebrate the end of a year-long legal battle in June, reports said. BBC. The 59-year-old previously returned to Great Britain to be with his family, his wife and two daughters. Her daughter Hannah (18) is said to want to study at Oxford after the summer.

The billionaire’s yacht “Bayesian” sank in the Mediterranean Sea

  • Six people are missing: billionaire Mike Lynch (59), his daughter Hannah (18), Morgan Stanley boss Jonathan Bloomer, his wife Judy Bloomer and Lynch’s lawyer Chris Morvillo.
  • There were 22 people on board the “Basian” when the accident occurred on Monday morning – ten crew and twelve passengers.
  • 15 people including Lynch’s wife Angela (57) were rescued. Survivors include Charlotte Golunski and her husband James and their one-year-old daughter Sophie.
Luxury yacht sinks off Sicily coast: tech billionaire Mike Lynch missing A top lawyer and a banker were also among the missing (Montage).
Luxury yacht sinks off Sicily coast: tech billionaire Mike Lynch missing A top lawyer and a banker were also among the missing (Montage). © Imago/Monthe

Boat crash in Sicily – Morgan Stanley bank boss among missing

Morgan Stanley International Chairman Jonathan Blumer has disappeared in the Mediterranean Sea. The 70-year-old Brit is loud BBC Chairman of insurance company Hiscox. “We are deeply shocked and saddened by this tragedy,” the British news channel quoted a Morgan Stanley spokesman as saying. “Our thoughts are with all those affected, especially the Bloomer family, and we all await further news about this horrific situation.”

Lynch’s attorney, Chris Morvillo, was an attorney at top international law firm Clifford Chance. Morvillo specializes in “high-profile corruption cases” and represented Lynch in his latest trial. BBC From 1999 to 2005, Morvillo served as an Assistant United States Attorney for the Southern District of New York in the criminal investigation of the 2001 terrorist attacks on the World Trade Center.

Who was on board the “Basian”?

As they say, a vacation together in Sicily should be a kind of fresh start for Mike Lynch. Apparently nine colleagues and their family members were invited aboard the “Basian”. Now the tech tycoon, his daughter and four friends are presumed dead.

Also missing are Morgan Stanley boss Jonathan Bloomer, Lynch’s lawyer Chris Morvillo and his wife Nada. Sicilian Newspapers reported. Bloomer’s wife, Judy, is also said to be loud BBC-Information has been placed among the missing persons.

It is said that their bodies may have been stuck in the boat under the sea. According to the fire department, “Bayesian” is 49 meters deep. Divers were able to access the command bridge on Monday evening. But, they could not progress from there. Special cave divers were specifically requested for this purpose, the Italian Fire Department reports via Vigili del Fuoco X. Search parties resumed operations Tuesday morning. (ml)

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