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 Is billionaire Carl Icahn tightening his belt to put away for a rainy
day amid tumultuous times? Does the 72-year-old activist feel the need to
stockpile his $14 billion nest egg with retirement on the horizon? Is
he afraid
that Barack Obama's plan to up taxes on those making over $250,000 per
year will put a dent in his riches? Maybe Icahn is seasick from the
undulating stock market and is looking to avoid choppy seas to prevent
from further exacerbating his queasiness. Or maybe he's just looking to
trade up? Whatever the reason, Icahn is reportedly selling his 172-foot
yacht, the Starfire, for $37.5 million, according to a New York Post report, citing Cityfile.com, a blog about prominent New Yorkers.
What is wrong with the world when Icahn feels the need to pinch his many pennies? Fear not, as Kevin Merrigan, the broker handling the yacht sale, told the Post that Icahn is selling his ship as he looks to trade up for something in the 250-foot range. Icahn, who is known for taking a hatchet to his target companies' costs, should consider not trading up and rather just eliminate the massive overhead with owning a seafaring vessel in these tight economic times. The Post reported that his yacht, which requires a staff of 12 to run, likely costs between $2.5 million and $3 million a year to operate. - Michael Rudnick See story from the New York Post Categories Deal Video
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