Latest news with #JonathanBloomer
BBC News
6 hours ago
- BBC News
Sunken Bayesian superyacht raised from seabed near Sicily
The Bayesian had been anchored off the port of a small fishing village, Porticello, when it sank in the early hours of 19 August last year. Witnesses at the time recalled watching it disappear within "a few minutes" during freak weather. Among the victims were Mr Lynch, 59, and his daughter Hannah; Morgan Stanley International bank chairman Jonathan Bloomer, 70, and his wife, Judy Bloomer, 71, who were all British nationals. US lawyer Chris Morvillo and his wife Neda Morvillo, and Canadian-Antiguan national Recaldo Thomas, who was working as a chef on the vessel, also died in the sinking. Fifteen people, including Mr Lynch's wife, Angela Bacares, were rescued.
New York Post
17 hours ago
- Business
- New York Post
British tycoon Mike Lynch's sunken Bayesian superyacht raised towards surface ahead of final lift — 10 months after tragedy
Salvage experts winched Mike Lynch's sunken superyacht towards the surface on Friday, 10 months after it went down off the coast of Sicily, killing the British tech tycoon, his teenage daughter and five others. The vessel is scheduled to be lifted out of the water in the final phase of the recovery on Saturday, TMC Marine, the company leading the salvage operation, said. 'Accelerated progress in salvage works off the coast of northern Sicily mean that all preparations are now nearing completion, ahead of the delicate lifting procedure,' the statement said. 7 Officials recover the 'Bayesian' yacht off the coast of Sicily on June 20, 2025. REUTERS The work was briefly halted last month after the death of a diver involved in the operation. The 184-foot Bayesian was moored off the small port of Porticello, near Palermo, in August last year when it sank during a sudden storm. The yacht was vulnerable to violent winds and was probably knocked over by gusts of more than 73 miles per hour, an interim UK report said last month. The recovery process has been made easier after the vessel's 236-foot mast was detached using a remote-controlled cutting tool and placed on the seabed on Tuesday. The hull of the yacht has been supported by a specially designed steel wire lifting arrangement which is, in turn, attached to a floating lifting asset. 7 The vessel is scheduled to be lifted out of the water in the final phase of the recovery on Saturday. AFP via Getty Images 7 The measurements of the Bayesian superyacht. NY Post Composite 7 Surveillance video captured the yacht in a storm before it sank on Aug. 19, 2024. The vessel is between two barges supplied by Hebo Maritimeservice, a Dutch specialist salvage company. The salvage experts are now reinforcing the cables because the yacht will be heavier once pulled out of the water, a source at the Italian coast guard said. The yacht is expected to be transported to the nearby port of Termini Imerese on Monday and handed over to the authorities who are investigating the tragedy. 7 Mike Lynch and his daughter Hannah Lynch. FAMILY HANDOUT 7 Morgan Stanley International Chairman Jonathan Bloomer and his wife Judy Bloomer. FAMILY HANDOUT 7 Chef Recaldo Thomas. @ Lynch's daughter Hannah, lawyer Chris Morvillo and his wife Neda, banker Jonathan Bloomer and his wife Judy, and chef Recaldo Thomas were killed when the yacht sank. Nine other crew members and six guests were rescued.
Evening Standard
13-05-2025
- Business
- Evening Standard
Report into sinking of Mike Lynch's superyacht Bayesian to be published
Inquest proceedings in the UK are looking at the deaths of Mr Lynch and his daughter, as well as Morgan Stanley International bank chairman Jonathan Bloomer, 70, and his wife, Judy Bloomer, 71, who were all British nationals.
Yahoo
10-05-2025
- Business
- Yahoo
Diver dies during operation to recover yacht that sank, killing 7
Work to raise a superyacht that sank in Sicily last year, killing a U.K. tech mogul and six others, was suspended Saturday after the death of a specialized diver, according to local news reports. The diver was part of a team working to raise the 185-foot "Bayesian" yacht that was struck by a pre-dawn storm in August last year while anchored off Porticello, near Palermo. The yacht sunk within minutes after being struck by something akin to a mini-tornado, killing British tech tycoon Mike Lynch, his teenage daughter and five others — Morgan Stanley International bank chairman Jonathan Bloomer and his wife, Judy, U.S. lawyer Chris Morvillo, his wife Neda Morvillo and the yacht's chef Recaldo Thomas, the BBC reported. Fifteen people managed to escape on a lifeboat, including a one-year-old child and Lynch's wife, Angela Bacares. Authorities suspended work on raising the vessel after prosecutors opened an investigation Friday into the death of a 39-year-old diver, according to Italian media. According to initial reports, the diver was part of a team working to cut and remove the 75-meter mast, a first step before recovery of the yacht itself, which is lying on its side on the seabed some 50 meters down. TMC Marine, the British company working to raise the superyacht, did not immediately respond to an AFP request for more information. In a statement Friday cited by news reports, TMC Marine said it was cooperating with the probe and that "the circumstances of the accident are currently being investigated by the authorities." Work to bring up the yacht began last week, with Italy's coastguard saying it would take up to 25 days. Inquests into the deaths of the four British victims of the yacht sinking are currently being held in Ipswich, in eastern England. In Italy, prosecutors in Termini Imerese have opened investigations into the captain and three others on suspicion of manslaughter and the crime of negligent shipwreck. Lynch, the 59-year-old founder of software firm Autonomy, had invited friends and family onto the boat to celebrate his recent acquittal in a huge U.S. fraud case. Who was Mike Lynch? Lynch, once hailed as "Britain's Bill Gates," rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people. But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied. The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts. Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian. From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.") The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents. Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006. Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K. "I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper. Did the conclave pick a front-runner to be new pope? World awaits new pope after conclave's vote Trump touts UK trade deal, but U.S. companies fear they won't survive China tariffs
Time of India
02-05-2025
- Business
- Time of India
Morgan Stanley chairman, wife died in Sicily yacht sinking. What will happen to his $8.7 million fortune?
Morgan Stanley International chairman Jonathan Bloomer and his wife Judy died in August 2024 in a tragic incident. The couple died when a 183-foot luxury yacht sank off the coast of Sicily, reported PEOPLE. Documents associated with the couple reveal what will happen to his multi-million dollar fortune. #Pahalgam Terrorist Attack Pakistan reopens Attari-Wagah border to allow stranded citizens in India to return Key Jammu & Kashmir reservoirs' flushing to begin soon Air India sees Pakistan airspace ban costing it $600 mn over 12 months The Morgan Stanley boss who died on the Bayesian yacht left his £6.6million fortune to his wife. At the time of his death the couple, who lived in a grand £4.8million home in Sevenoaks had a gross value of £6,615,882 to their names, and a net value of £6,551,549 ($8,700,000) What will happen to Jonathan Bloomer's wealth? According to reports, in a will dated 1996, he appointed his wife as the sole Executrix of his estate, provided she survived him by at least 90 days. He instructed that, following the settlement of his funeral expenses and any outstanding debts, she should inherit all his real and personal property. 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo His named beneficiaries included his wife, his children, and their respective families who were living at the time of his death, as well as various charities selected at the discretion of his trustees. ALSO READ: Fresh Pandemic in US? New virus spreads in all 50 states amid 'human transmission' concerns Live Events As a gesture of kindness, he also stipulated that his mother-in-law and his own parents each receive £100,000, provided they survived him. If, however, they did not outlive him, he directed that this sum be divided equally among his three children: James, Elizabeth, and Helena. In a heart-wrenching tribute after last August's tragedy, the family of the couple said: 'Our only comfort is that they are still together now.' They said: 'We are grieving for our loved ones and all of those affected by the tragedy. Our parents were incredible people and an inspiration to many, but first and foremost they were focused on and loved their family and spending time with their new grandchildren. 'Together for five decades, our only comfort is that they are still together now. This is an unimaginable grief to shoulder.' ALSO READ: Kanye West reunites with wife Bianca to sue dentist for making him addicted to nitrous oxide Were his children also not to survive beyond Bloomer, his estate would have been split between his two brothers, Jeremy and Andrew, and his sister-in-law Gillian. The Bloomers were among the 22 passengers on the Bayesian when it sank on Aug. 19, 2024, off the coast of Porticello, though it remains unclear why exactly it went down so quickly. Yacht chef Recaldo Thomas; British tech entrepreneur Mike Lynch and his daughter, Hannah Lynch; and New York City-based lawyer Christopher Morvillo and his wife, Neda also died. ALSO READ: Trump quips about Pete Hegseth's controversies as Defense Sec faces massive heat for Signal Gate scandal The CEO of a London-based insurance company that Jonathan was the chairman of also said at the time that they were "deeply shocked and saddened," while Judy, who was a teacher prior to working as a psychotherapist, was remembered as a "wonderful friend," according to the BBC. She previously served as a trustee for The Eve Appeal, a British-based charitable organization that funds research and raises awareness for gynecological cancers.
