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Steve Jobs Yacht Impounded Due to Unpaid Bill

by Todd Haselton | December 21, 2012

Steve Jobs yacht

The late Steve Jobs’ yacht was recently impounded in Amsterdam following a dispute over an unpaid bill to the vessel’s designer. The boat was architected by Philippe Starck, a French designer, and cost more than $100 million Euros to build. Jobs ultimately owed 9 million euro to Starck, but the designer only received 6 million euro after the completion of the project.

So why was the bill left unpaid? “The project has been going since 2007 and there had been a lot of detailed talk between Jobs and Starck,” the designer’s lawyer told Reuters. “These guys trusted each other, so there wasn’t a very detailed contract,” The boat will reportedly stay in Amsterdam until the estate of Steve Jobs pays the rest of the money, or until the dispute is settled in some other form.

Reuters

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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...