Billionaire Lachlan Murdoch buys Greek shipping tycoon's yacht for $30 million


Billionaire Lachlan Murdoch, heir of the Murdoch media empire, has purchased the famed 43-metre long yacht named Istros, originally owned by the Pappadakis shipping family in Greece, for a cool AU$30 million ($22.5 million USD) reports Dmarge.

Istros – meaning inspiration – was launched by the Amsterdam Shipyard Ltd. of Gerard de Vries Lentsch Jr. in 1954 for the Pappadakis shipping family in Greece and was reportedly of the largest motoryachts built in the Netherlands at that time and praised  enthusiastically on her “sumptuously furnished and upholstered cabins”, “violet blue-tinted bathrooms”, new-fangled radar and white telephones that could be used “to make calls anywhere in the word from wherever the yacht may be.”

The restored 1954  Istros, was sold over a month ago with The Sydney Morning Herald reporting that their sources say Istros will be motoring into Sydney Harbour in the near future, where it will be docked nearby the Murdoch’s $100 million ($75 million USD) Bellevue Hill Estate called Le Manoir.

'News of the sale comes as Murdoch awaits the delivery of his 60-metre, $150 million sailing yacht which is still under construction at the Royal Huisman Shipyard in Amsterdam — which means that the Istros is essentially the Murdoch family’s very, very expensive ‘tinnie.’

'The delicately refurbished 68-year-old ‘tinnie’ comes with 5 staterooms that can accommodate up to 10 guests, state of the art satellite TV technology as well as a fully stocked private bar and lounge area on the top deck. That’s quite the cruise-about.

'The two new ships will pair extremely well with the family’s new Point Piper ‘boat shed,’ which Lachlan and his wife Sarah Murdoch reportedly paid a staggering $37 million for, granting it the official title of “Australia’s most expensive boat shed.” '

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Image: Boat International/Guillaume Plisson
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Image: Boat International/Guillaume Plisson