The claims seemed alluringly possible — a superyacht gets sold to the super-rich.
But despite the headlines, billionaire Bill Gates is not buying a space-age, hydrogen fuel cell yacht that has never been built before.
Media reports surfaced over the weekend claiming that the Microsoft founder has a business relationship with the design firm Sinot. Sinot showed a 370-foot concept yacht called Aqua in 2019, and the reports said Gates pledged over $600 million to “order” one.
“Aqua not sold!” Sinot stamped on its website early Monday morning. “These articles are factually incorrect.” Sinot made it clear that all information pertaining to Gates purchasing the yacht is incorrect, adding that there is no business relationship between the startup and the American business magnate.
USA TODAY reached out to Gates’ reps for comment on the matter.
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So what’s all the hype about?
Sinot developed an innovative luxury ship concept that is powered entirely by liquid hydrogen. That means its only emission is water. The goal was to be “environmentally sensitive,” the company said on its website.
The yacht also has five decks and enough space to accommodate dozens of people. Big boats are known to dump waste into oceans and spew pollutants into the air, damaging the environment, according to the advocacy group Friends of the Earth.
At face value, it seems like a project that Gates would get behind, seeing as though many of his philanthropic efforts include ways to reduce waste. While the second-richest person in the world is not buying the concept, Sinot is inviting “any visionary client to show their interest.”
Follow Dalvin Brown on Twitter: @Dalvin_Brown.