UK Entrepreneur Mike Lynch Missing After Yacht Sinks in Storm

Money Bizwiz Team
2 Min Read

Tech mogul Mike Lynch, renowned in the British tech industry, is currently missing after a severe storm hit their luxurious superyacht, the Bayesian, while off the coast of Sicily. The news of this tragic event was reported by Reuters.

Sadly, Lynch’s 18-year-old daughter is also missing, while his wife and 14 others managed to survive. This incident occurred in the early hours of Monday when a waterspout struck the area near Palermo, where the British-flagged yacht was anchored.

The lavish 56-meter Bayesian yacht, which normally costs around $215,000 per week to rent, was carrying a total of 22 passengers when the calamity struck. Rescue operations are currently in progress as Italian authorities work tirelessly to locate the missing individuals.

A coast guard vessel and a private sailboat assist the search for missing passengers after a yacht capsized on August 19, 2024, off the coast of Palermo, Italy. Several people, including four Britons, two Americans and a Canadian national, are missing. Italy’s coastguard and firefighters brought 15 people to safety with rescue and recovery efforts ongoing. (Photo by Vincenzo Pepe/Getty Images)

Mike Lynch and his wife boast a combined wealth estimated to be around $649 million, as per reports by The Washington Post. The situation is still developing, with many hoping for a positive outcome in this time of crisis.

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