Tycoon’s $24 million superyacht, Aria SF, destroyed by fire off the coast while carrying a number of passengers and crew

Spain’s FORMENTERA: In a horrific occurrence, numerous guests and crew were on board a superyacht worth $24 million (£20 million) when it caught fire. According to reports, Paolo Scudieri, an Italian business tycoon, recently purchased the 150-foot sailboat Aria SF. On Thursday, August 11, near Cala Saona, on the western shore of the Mediterranean island of Formentera, tragedy struck.

Nine riders and seven staff members were there when the fire started, but none of them were hurt. According to The Daily Mail, two Spanish coast guard vessels saved their lives. According to the spokesperson for the Spanish Coastguard Service, “Seven crew and nine passengers are all safe. Onto a police boat they were taken for safety. Right now, the fire is almost out.

They continued, “After the alarm was raised about 5 pm yesterday/on Thursday, two Coastguard vessels, Salvamar Acrux and Guardamar Concepcion Arenal, were summoned by our coordination center in Palma in Majorca. It is not yet known if Scudieri was also present when the fire started, which was so large and deadly that it could easily be seen from another island, Ibiza.

Five bedrooms, a gym, and a pool were reportedly featured in Aria SF, according to sources. Additionally, it was intended to have its public debut at the 2022 Cannes Yachting Festival, which runs from September 6 to 11. Following the fire, the boat was reportedly transported to Ibiza with the aid of a Coastguard vessel, where an investigation was started.

On Twitter, a video of the incident has also been posted. Paolo Scudieri’s 45-meter-long Aria SF boat is on fire in Formentera, according to the caption that was added. This year, a luxury boat with a price tag of over 20 million euros was produced.

The yacht’s owner, Scudieri, is also rumored to be the chairman of Gruppo Addler, a business that produces components for automobile interiors. The company was established in 1956 by the industrialist’s father Achille, who was born in Naples. Gruppo Addler “designs and manufactures acoustic and thermal components for the car industry,” according to the Daily Mail story.

According to reports, the company has over 15,000 workers working in more than 20 countries, and its annual revenue is over $1.21 billion (£1 billion). He discussed his first encounter with Italian race car driver Enzo Ferrari in an interview. He recalled: “I sent Enzo Ferrari a birthday card when I was 20 years old and already a big enthusiast. I discovered his response, which included a reservation for the next morning at 8:00.
“I didn’t hesitate, I got in the car right away, and despite my mother’s wishes, I drove all night to be on time the following morning in front of my idol. The father of four continued, “I never imagined that in a few years I would become their supplier.

Scudieri’s net worth is also estimated to be around $500 million. He serves as the chairman of his family business and as the tourism ambassador for the Principality of Monaco. Not only that, but the 62-year-old has also increased his presence in the food industry as the owner of Excellence Campane, the umbrella company for many of Italy’s shops and restaurants.

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