Telecoms billionaire and One World’s America’s Cup bid bankroller Craig McCaw is selling Tatoosh, his 305ft superyacht

Telecoms billionaire and One World’s America’s Cup bid bankroller Craig McCaw is selling Tatoosh, his 305ft superyacht.

In what could be seen as a gauge of the current state of the world economy, billionaire tycoon Craig McCaw, who made his first fortune in mobile phones and second in satellite internet services, has been forced to sell off his most prized luxury possessions, according to a report by Daniel Jeffreys in Britain’s Daily Mail newspaper today.

The billionaire’s fortune has evaporated since the stock market crash last year. He is one of a number of entrepreneurs being dubbed the Mr 90 Percents – tycoons who have lost 90 percent or more of their value in the past 12 months.

Top on the list to go is McCaw’s superyacht Tatoosh, which was launched in 2000. At a cost of £67 million, the steel 92.4m superyacht was built by H D W Nobiskrug in Germany under the management of Klaus Kusch, head of the Hamburg-based Kusch Yacht Agentur.

Strengthened at a cost of £1 million to accommodate three helipads, Tatoosh has a swimming pool, a 13m speedboat tender and an interior incorporating four giant jacuzzis and £1 million-worth of gold leaf decoration. The yacht is moored off the west coast of Mexico.

According to the Daily Mail McCaw had had Tatoosh built to be bigger and even more lavish than the superyacht owned by his neighbour, co-founder of Microsoft, Paul Allen.