The yacht Sorrento (ex Lumiere III) was built as Bistango. For a (we believe) Japanese millionaire. She was delivered in 2010 by Benetti. Later she was owned by mining billionaire Chris Cline.
He died in a helicopter accident. The yacht was sold to Miquel Rincon and is now named Lumiere III
Interior
The luxury yacht can accommodate 12 guests and has a crew of 14. Her opulent interior with marble and gold is designed by Studio Massari.
Specifications
Her MTU engines give her a top speed of 16 knots. Her cruising speed is 15 knots. The motor yacht has a range of 8,000nm. She was refitted in 2015. The yacht can accommodate a helicopter on her heli deck.
Who is the Owner of the Yacht SORRENTO?
The yacht’s owner is Miguel Rincon. He bought the yacht from the estate of Chris Cline.
Chris Cline
The yacht’s previous owner was Chris Cline, who named her Mine Games (like his previous Trinity yacht).
Cline was born in July 1958. He started as an underground coal miner. He moved to management in the coal industry. And founded the Cline Group. He is sometimes referred to as King Coal. He also owns Gogebic Taconite. He was married to Kelly, together they had 4 children.
Helicopter Crash
Cline died in a helicopter crash in July 2019. His helicopter was on its way from the Bahamas to Fort Lauderdale when it crashed into the Atlantic Ocean.
Cline and 6 others, including his daughter, died in the crash. The cause of the crash is unknown at this time. A statement from the Royal Bahamas Police Force said the helicopter went missing shortly after leaving Big Grand Cay.
Cline Group
The Cline Group is the holding company for Cline’s mining activities. The group operated some of the most productive underground coal mines. And was one of the top 20 coal producers in the United States. In 2003 the Cline Group sold part of its operations and founded Foresight Energy.
Foresight Energy
Foresight Energy is a leading producer of thermal coal. With reserves in the Illinois Basin. The company is one of the largest holders of coal reserves in the United States.
Illinois coal is relatively cheap. But power plants using coal need scrubbers to reduce sulfur dioxide emission. When federal regulations went into effect requiring power plants to install scrubbers demand for his cheaper coal soared.
Foresight Reserves LP realizes annual sales of US$ 1 billion. Foresight went public in 2014 and Cline sold a controlling stake in 2015 for US$ 1.4 billion in cash.
Gogebic Taconite
He also owned a share in Gogebic Taconite. An iron-ore mining company active in Wisconsin. It is designed to produce low-grade taconite pellets used for steelmaking,
Chris Cline Net worth
His net worth was estimated at $2 billion
Sold
The luxury yacht was listed for sale in 2018, asking US$ 30 million. We think Cline was building a new yacht.
How Much is the SORRENTO Yacht?
Her value is $30 million. Her annual running costs are around $3 million. The price of a yacht can vary greatly depending on a number of factors, including the size, age, and level of luxury of the yacht, as well as the materials and technology used in its construction.
BENETTI Yachts
Benetti Yachts is a luxury yacht builder based in Viareggio, Italy. The company was founded in 1873 and is one of the oldest yacht builders in the world. Benetti specializes in building custom-made motor yachts, with sizes ranging from 34 to over 100 meters in length. They are known for their high-quality craftsmanship, attention to detail and use of advanced technology.
Mention SuperYachtFan When Sharing This Information
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support!
Dear Journalist/Reporter, SuperYachtFan is willing to extend a special offer to support your journalistic endeavors and research in the maritime luxury segment. Upon receipt of verification that you have published an article – with adequate credits – on an ‘established medium’, we would be pleased to provide you with complimentary access to our meticulously compiled Yacht Owners Database. Please note, this offer is subject to certain conditions, more details regarding the same can be provided upon your interest.
Yacht Charter
The boat is not available for yacht charter. And the yacht is not listed for sale.
Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth, and net worth.
More About Info About This Yacht
Info about the yacht’s Owner, more Photos and Video, her current Location, and the latest News.