archimedes yacht owner

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Late hedge fund billionaire and philanthropist had a 222-foot yacht called Archimedes

James simons died last week at the age of 86.

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James Simons left behind a legacy in mathematics, finance and philanthropy, as well as a massive personal fortune and a yacht, when he passed away at age 86 last week.

The billionaire, who founded the extremely successful hedge fund Renaissance Technologies, built up a personal fortune worth $31.4 billion over the course of his lifetime and used billions of that money for charity, according to Forbes . His charitable organization, the Simons Foundation that he co-founded with wife Marilyn, provides funding for science, education, autism and other areas.

Marilyn Simons and Jim Simons attend the CSHL Double Helix Medals Dinner at the American Museum of Natural History on Nov. 15, 2023, in New York. (Patrick McMullan via / Getty Images)

At one point in the 2000s, Simons reportedly used some of his wealth to acquire a yacht for himself. Outlets like the BBC and CNN have identified him over the years as the owner of the Feadship-built Archimedes.

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The yacht, built in 2008, is about 222 feet long and can sail at speeds of up to 16 knots, per BOAT International. In 2018, it received a refit. 

The Plymouth Marine Laboratory said in mid-February that Simons and his wife were "support[ing] marine research in some of the most remote and least studied parts of the ocean" with the Archimedes. Scientists affixed a light-measuring instrument to the vessel to help with their research, according to the organization. 

JEFFERIES CEO RICH HANDLER CASHES IN MORE THAN $65M IN STOCK TO BUY YACHT

The yacht Archimedes sails in the Hudson River as storm clouds pass over midtown Manhattan in New York City on May 28, 2019. (Gary Hershorn / Getty Images)

In March, the yacht received a Science & Discovery award at the YCM Explorer Awards in Monaco for its contributions to ocean exploration and research, a Feadship press release said.

FOX Business reached out to the Simons Foundation for comment regarding the yacht.

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Simons and his wife together have dolled out charitable contributions totaling around $6 billion, Forbes reported. 

He left his role as chairman of Renaissance Technologies , which operates the Medallion Fund, back in 2021, over a decade after his retirement as the hedge fund’s CEO.

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ARCHIMEDES yacht NOT for charter*

67.75m  /  222'3 | feadship | 2008 / 2018.

Owner & Guests

Cabin Configuration

• Previous Yacht

Special Features:

• Elevator for convenient access
• Impressive 6,000nm range
• Ice-class hull
• Lloyds Register ✠100 A1, SSC, Yacht (P), Mono G6, LMC, UMS, SMC, DP(CM) classification
• Sleeps 16 overnight

The 67.75m/222'3" motor yacht 'Archimedes' was built by Feadship in the Netherlands at their De Kaag shipyard. Her interior is styled by design house John Munford and she was completed in 2008. This luxury vessel's exterior design is the work of John Munford and she was last refitted in 2018.

Guest Accommodation

Archimedes has been designed to comfortably accommodate up to 16 guests in 8 suites. She is also capable of carrying up to 18 crew onboard to ensure a relaxed luxury yacht experience.

Onboard Comfort & Entertainment

Her features include an elevator, gym and air conditioning.

Range & Performance

Archimedes is built with a steel hull and aluminium superstructure. Archimedes comfortably cruises at 12 knots, reaches a maximum speed of 16 knots with a range of up to 6,000 nautical miles from her 171,000 litre fuel tanks at 12 knots. Archimedes features at-anchor stabilizers providing exceptional comfort levels. Her water tanks store around 53,400 Litres of fresh water. She was built to Lloyds Register ✠100 A1, SSC, Yacht (P), Mono G6, LMC, UMS, SMC, DP(CM) classification society rules.

*Charter Archimedes Motor Yacht

Motor yacht Archimedes is currently not believed to be available for private Charter. To view similar yachts for charter , or contact your Yacht Charter Broker for information about renting a luxury charter yacht.

Archimedes Yacht Owner, Captain or marketing company

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Specification

M/Y Archimedes

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ARCHIMEDES is a 66.75 m Motor Yacht, built in Netherlands by Feadship and delivered in 2008.

Her top speed is 16.0 kn and her cruising speed is 14.0 kn and her power comes from two Caterpillar diesel engines. She can accommodate up to 16 guests in 8 staterooms, with 12 crew members. She has a gross tonnage of 1100.0 GT and a 12.3 m beam.

She was designed by John Munford , who also designed the interior. John Munford has designed 3 yachts and designed the interior of 41 yachts for yachts above 24 metres.

The naval architecture was developed by Feadship De Voogt Naval Architects , who has architected 102 other superyachts in the BOAT Pro database - she is built with a Teak deck, a Steel hull, and Aluminium superstructure.

ARCHIMEDES is in the top 5% by LOA in the world. She is one of 205 motor yachts in the 60-70m size range.

ARCHIMEDES is currently sailing under the Bermuda flag (along with a total of other 37 yachts). She is known to be an active superyacht and has most recently been spotted cruising near Spain. For more information regarding ARCHIMEDES's movements, find out more about BOAT Pro AIS .

Specifications

• Name: ARCHIMEDES
• Yacht Type: Motor Yacht
• Builder: Feadship
• Naval Architect: Feadship De Voogt Naval Architects
• Exterior Designer: John Munford
• Interior Designer: John Munford
• Refits: 2018

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About Archimedes

In the first ten years after her launch in 2008 Archimedes covered 200,000+ nautical miles, including a record 54 days in the High Arctic (more on which here . The refit she received at Feadship in 2018 covered the LRS 10-year Special Survey and future-proofed her systems for another decade of adventures. It included new AV facilities, fresh teak for the stern platform, painting the sun deck interior floor and a rebuild of the crew mess. Maintenance was carried out on the shaft line, engine supports, gangway, side hull door, tender lift, stern platform door, seawater cooling systems and stabilisers. Parts of the superstructure were repainted and a new antifouling system added, while the generator, heating & air-conditioning, watermaker and fuel oil separator were upgraded.

“ The project was finished on time and on budget ,” says Captain Christopher Walsh. “ This is exactly what one expects from Feadship but not something captains take for granted when carrying out refits without Feadship’s involvement. It was a pleasure to bring Archimedes home .”

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Motor Yacht

In 2008, Feadship launched the stylish and understated superyacht Archimedes. This 67.75 metre (222’3”) motor yacht was designed by De Voogt Naval Architects and John Munford Designs and features proven high-end technologies that bring her from idyllic luxury yacht to global cruiser.

Rarely seen in the traditional superyacht destinations, her ice-strengthened Corinthian blue hull is often touring the world’s most far-flung locations. The desire to cruise the furthest reaches of the world introduced created a number of exterior areas for al fresco dining with a view.

On the large sundeck, guests can make the most of their time on board with a masterfully crafted marble mosaic Jacuzzi, bar and entertainment area, enclosed gym and lots of dining and social areas as you cruise the globe. The panoramic views are uninterrupted by tenders and toys on deck due to dedicated wells, lifts and large garage.

Her beam of 12 metres provides a large amount of space on board for a relaxed, yet sophisticated interior by John Munford Design. Battling the cavernous space on board, the interior remains welcoming with comfortable furniture and a grand piano in the main lounge. Archimedes is the first Feadship to feature a wood burning fireplace, reflecting the relaxed, stately nature of being on board.

The full-beam master bedroom is divided into various relaxation areas, consisting of large central bed and a lady’s writing desk which was handmade for the owner’s wife. The bathrooms draw inspiration from the titular Greek god and showcases artisan mosaic marble floors in all six ensuite staterooms, hosting space for eight guests on board.

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• Naval Architect De Voogt Naval Architects No profile available
• Exterior Designer John Munford Design No profile available
• Interior Designer John Munford Design No profile available

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These are the staggering numbers behind the £75m superyacht Archimedes

You have to be rich, very rich, to even run the behemoth boat

• 10:52, 12 OCT 2018

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Everyone's heads were turned by the huge boat that moored in Bristol in July.

The £75m superyacht, owned by billionaire former hedge fund manager James 'Jim' Simons arrived in the city , and stunned passersby.

But behind the eye-watering price and jaw-dropping size, the Archimedes has even more astounding figures behind it.

The Archimedes - in numbers

• The vessel is 68 metres long - much longer than an Olympic-class swimming pool of 50m
• It's beam, widest point, is 12.3 meters - the length of double decker bus
• It can be crewed by a 18-strong team and house 16 guests
• This is over 8 cabins, comprising a master suite, 4 double cabins and 3 twin cabins.
• Her twin Caterpillar engines give it an astounding 4,000 BHP - almost four times the BHP of a Bugatti Veyron, the fastest car on the road
• It gives it a top speed of 16 knots, and a cruising speed of 12 knots
• With its 171,000 litre fuel tanks it has a range of 6,000 nautical miles.
• It weighs 1,100 tonnes - the same as 183 fully-grown African elephants
• The boat can store 53,400 litres of fresh water on board
• It is estimated the standard fuel usage for a 71m yacht is 500 litres an hour, meaning an average of £265m is spent just on petrol every year
• It can cost around £350,000 a year just in dockage fees
• The crew will command a salary of around £1.5m and the boat will generally need £1m spent on maintenance
• To insure a super yacht like this it will set you back about £240,000 a year

What's on board the Archimedes?

With a £75m price tag you don't expect them to skip on the features.

And that's not a concern here as even the even the most demanding of owners will feel relaxed on this pleasure boat.

It has an ice-strengthened Corinthian blue hull so it can be sailed in any weather condition and with ultra-modern stabilization system which reduces roll motion effect and results in a smoother more enjoyable cruising experience underway.

The luxury yacht is also fitted with 'at anchor stabilisers' which work at anchor, increasing on-board comfort when the yacht is stationary, particularly in rough waters.

On the large sun deck, guests can enjoy a masterfully crafted marble mosaic Jacuzzi, bar and entertainment area, enclosed gym and lots of dining and social areas.

The panoramic views are uninterrupted by tenders and toys on deck due to dedicated wells, lifts and a large garage below deck.

Comfortable furniture and even a grand piano are in the main lounge as is a wood-burning fireplace, the first Feadship to have one.

The full-beam master bedroom is divided into various relaxation areas, consisting of large central bed and a lady’s writing desk which was handmade for the owner’s wife.

The bathrooms are Greek-inspired and showcase artisan mosaic marble floors in all six ensuite staterooms.

And if you get fed up of slumming it on-board, the boat has a helipad as well as two smaller boats attached to make a quick and glamorous getaway.

Superyacht Archimedes causes a stir in Bristol

It's American owner Simons is 80-years-old was as a maths teacher and Cold War code breaker and according to Forbes, he is worth an estimated £16billion and is the founder of New York City-based hedge fund firm Renaissance Technologies.

Simons founded the firm in 1982 and remained at the head of the company before announcing his retirement in January 2010.

In 2006, Financial Times described Simons as the “world’s smartest billionaire” after being named on the paper’s ‘alternative rich list’.

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Who owns that? $100M luxury yacht anchors in St. John's

The archimedes belongs to billionaire hedge fund manager, flies under bermuda flag.

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A luxury yacht is turning heads on the St. John's waterfront.

The Archimedes arrived in the city Thursday and is replenishing supplies.

The so-called superyacht is a $100-million vessel owned by hedge fund manager James Simons, an American who went from being a math professor to the founder of Renaissance Technologies.

Online sources  describe the boat as 68 metres with room for a dozen guests in six cabins. There are 18 crew.

Simons, who also owns a private jet, had an estimated net worth of $18 billion U.S in 2017, according to Forbes.

He's also a philanthropist, donating money to scientific research and to improve math programs in public schools.

In 2014,  The New York Times  did a profile piece on the "billionaire mathematician," which stated the man leads a life of "ferocious curiosity."

It's not known if Simons, 79, is aboard the Archimedes, which is not believed to be available for charter. He shuns the limelight and rarely gives interviews.

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68-metre superyacht Archimedes completes refit at Feadship yard

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Written by Rachael Steele

Feadship has announced that 10-year-old luxury yacht ARCHIMEDES has returned to cruising following her refit and upgrades at the shipyard’s facilities in the Netherlands.

Superyacht ARCHIMEDES – Photo © Feadship

Luxury yacht ARCHIMEDES has retained much of her interior and exterior styling from Studio de Voogt and John Munford Design respectively, with a new coat of paint to freshen up her cool white superstructure.

Other exterior changes included new teak for the stern swim platform, a new antifouling system and maintenance carried out on the gangplank, side hull door, tender lift and stern platform door.

Inside, guests will notice a newly painted floor within the sundeck interior, all AV systems replaced and upgraded and new upholstery and furniture for the shared social areas and each guest cabin.

The engine room had maintenance work completed on the shaft line and engine supports as well as the seawater cooling systems and stabilisers, in addition to a new generator and upgrades to the heating and air conditioning system, water-maker and fuel oil separator.

A pair of 2x CAT 3516B DI-TA 1492 kW engines @ 1600 rpm give the powerful ARCHIMEDES a top speed of 16 and a cruising speed of 12 knots.

There are only four en-suite cabins aboard this 68m/223ft superyacht, providing each occupant with plenty of room on board on long excursions.

Her professional crew of 10 is now returning to cruising the world’s seas, already having travelled 200,000 nautical miles since her launch in 2008.

Captain Christopher Walsh commented of her new appearance and upgrades:

“The project was finished on time and on budget. This is exactly what one expects from Feadship… It’s been a pleasure to bring ARCHIMEDES home to the Netherlands for this work, and the three months we’ve spent here brought back great memories of the original build back in the mid-noughties. The yacht is now in perfect condition for the owner and his guests to embark on another decade of exploring the oceans. Our recent expedition into the High Arctic has certainly whetted everyone’s appetite for more adventures.”

Future Feadship refits and upgrades will take place at Feadship Refit & Services, a new division of the luxury yacht builder to ensure that Feadship Owners retain the same high-quality performance and appearance that the yachts received during their initial construction.

Continue for more info and photos of ARCHIMEDES …

Please contact CharterWorld - the luxury yacht charter specialist - for more on superyacht news item "68-metre superyacht Archimedes completes refit at Feadship yard".

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$100 million super yacht 'Archimedes' docked at Port of Pensacola

by WEAR staff

PENSACOLA, Fla. -- A super yacht reported to be worth $100,000,000 is currently docked at the Port of Pensacola.

"Archimedes" is owned by U.S. billionaire James Simons.

It was manufactured at The Feadship Royal Van Lent Shipyard in Netherlands in 2008, according to CharterWorld.com.

It is unclear how long the yacht will be docked in Downtown Pensacola.

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Trader Assets: Jim Simons' Archimedes Yacht

Greek mathematician Archimedes was considered one of the leading scientists in classical antiquity, credited with anticipating modern calculus, analysis and deriving an accurate approximation of pi.

To many in finance, Jim Simons is regarded as a modern-day mathematical divinity, regarded amongst the smartest of the world’s billionaires for his role in founding New York-based Renaissance Technologies.

With estimated assets under management of $110 billion, Simons created one of the world’s leading funds following his career as a maths teacher at Stony Brook University. Forbes estimate that Simons himself has a net worth of over $21 billion.

8 Top Philanthropic Traders

But at 80-years-old, Simons has long since retired from the top job at Renaissance, although he continues to be named as its non-exec chair. Instead of monitoring the markets, Simons now prefers to spend his time divided between philanthropic projects (mostly related to mathematics and scientific educational grants) and relaxing on his yacht. The 68-metre long vessel known as… The Archimedes.

Its striking blue hull was recently spotted off the south coast of the UK, was built in 2008 by Dutch shipyard Feadship. Weighing over 1,000 tonnes, the yacht can host up to 16 guests in eight cabins and features a dining room, a study, an outdoor pool and even a piano.

It all requires a 10-strong crew with a combined salary of around £1.5m a year. Annual maintenance on top of that is estimated at a further £1m. Insurance alone is likely to cost around a quarter of a million, with dockage fees around the same. With estimated fuel ‘economy’ of 500 litres an hour, petrol costs are likely to run into the hundreds of millions.

Trading Legends: Jim Simons

But they say that money buys power and that is certainly the case when it comes to The Archimedes - with twin Caterpillar engines that boast over 4,000 BHP. For comparison, the Lotus Evija - recently crowned the world’s most powerful car - manages ‘just’ 2,000 BHP. It all means that Simons’ ship cuts through the ocean at a top speed of 16 knots, at a range of 6,000 nautical miles.

If you like the sound of that and want to make the legendary fund manager an offer he can’t refuse, you’ll be expected to stump up at least the $100m it is currently valued at…

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James Simons’ $100M Luxury Superyacht Spotted in St. John’s

Amazing 68m superyacht archimedes was spotted in st. johns waterfront last week..

This superyacht, which docked in St. John’s Thursday, is owned by an American billionaire. (Gary Locke/CBC)

Motor yacht Archimedes was built by Feadship in Netherlands at their De Kaag shipyard, she was delivered to her owner in 2008. John Munford Yacht Design is responsible for her beautiful exterior and interior design.

Archimedes can accommodate 16 guests in 8 cabins, comprising a master suite, 4 double cabins and 3 twin cabins. she is also capable of carrying up to 18 crew onboard to ensure a relaxed luxury yacht experience., powered by 2 caterpillar 1,998hp diesel engines and propelled by her twin screw propellers motor yacht archimedes is capable of a top speed of 16 knots, and comfortably cruises at 12 knots., archimedes  is named after the greek mathematician  archimedes  of syracuse ,  known as the leading  scientists and mathematician in the  classical antiquity., like her owner james harris “jim” simons, an award-winning mathematician. he is also a former cold war code breaker, which specialises in systematic trading using only quantitative models derived from mathematical and statistical analyses, who founded the hedge fund management company renaissance technologies in 1982.  renaissance is one of the first highly successful hedge funds using quantitative trading—known as “quant hedge funds”—that rely on powerful computers and sophisticated mathematics to guide investment strategies. , as reported by forbes, his net worth as of june 2017 is estimated to be $18 billion, while in the previous year, it was $15.5 billion., james harris “jim” simons is   also a very active philanthropist. he founded the simons foundation, a charitable organisation which supports projects related to education and health, in addition to scientific research. as reported, the billionaires have given away $2.1 billion to charity, chairs math for america, and supports autism research,   simons also owns a us$ 70 million g650 private jet with registration n773mj. the mj refers to marilyn and james. marilyn is james’ wife. the jet was built in 2013 and has a list price of us$ 70 million. .

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July 8, 2024

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To boost ocean research, some scientists are turning to superyachts

by Laurel Chor, Bloomberg News

For almost two years, Robert Brewin collected data from the bow of a superyacht as it sailed pristine waters from the Caribbean Sea to the Antarctic Ocean.

The Archimedes, a 222-foot "adventure" yacht then owned by the late hedge funder James Simons, boasts a gym, a jacuzzi and an elevator. But between 2018 and 2020, Brewin was concerned only with the boat's Sea-Bird Scientific Solar Tracking Aiming System, installed to measure light reflecting off of the water. A senior lecturer at the UK's University of Exeter, Brewin and his colleagues were analyzing microplankton—microscopic organisms at the base of the marine food chain—by studying the ocean's color. The Sea-Bird's readouts helped them verify satellite imagery.

Brewin's was not your typical superyacht itinerary, but he is one of hundreds of scientists to have used an adventure yacht—also known as expedition or explorer yachts—to conduct research on the ocean. In a paper published in Frontiers in Remote Sensing , Brewin and his co-authors touted the potential of "harnessing superyachts" for science, concluding that "reaching out to wealthy citizen scientists may help fill [research capability] gaps."

It's a view shared—and being pushed—by the Yacht Club of Monaco and the Explorers Club, a New York City-based organization focused on exploration and science (of which, full disclosure, I am a member). In March, the groups co-hosted an environmental symposium that included an awards ceremony for yacht owners who "stand out for their commitment to protecting the marine environment ." The Archimedes won a "Science & Discovery" award.

"If a yacht is operating 365 days a year, rather than having it sit idle it'd be much better for it to contribute a positive return through science and conservation," says Rob McCallum, an Explorers Club fellow and founder of US-based EYOS Expeditions, which runs adventure yacht voyages.

EYOS charters yachts from private owners for its excursions, and is a founding member of Yachts for Science, a four-year-old organization that matches privately owned yachts with scientists who need time at sea. (Other members include yacht builder Arksen, media firm BOAT International, and nonprofits Nekton Foundation and Ocean Family Foundation.) Yachts for Science will enable about $1 million worth of donated yacht time this year, McCallum says, a figure he expects to hit $15 million by 2029.

"There's a personal satisfaction that we are contributing to something that is bigger than us," says Tom Peterson, who co-owns an insurance underwriting company in California and has what he jokingly refers to as a "mini superyacht."

Every year for the past decade, Peterson has donated about 15 to 20 days of time and fuel on the 24-meter Valkyrie to scientists, who he takes out himself as a licensed captain and former scuba dive operator. He often works with the Shark Lab at California State University Long Beach, and allows researchers to stay aboard for days at a time instead of having to constantly make the 1.5-hour trip to and from shore.

To link up with scientists, Peterson works with the International SeaKeepers Society, a Florida-based nonprofit that engages the yachting community to support ocean conservation and research. "The more we understand things about the ocean in general, the better we all are in the long run," he says.

When "superyacht" and "the environment" appear in the same sentence, it's usually in a different context. In 2019, one study estimated that a single 71-meter superyacht has the same annual carbon footprint as about 200 cars. In 2021, another paper found that superyachts were the single greatest contributor to the carbon footprint of 20 of the world's most prominent billionaires, accounting for 64% of their combined emissions.

"If you really want to respect the environment, you can just go surf," says Grégory Salle, a senior researcher at the French National Center for Scientific Research and author of the book Superyachts: Luxury, Tranquility and Ecocide. Salle is open to the idea that superyachts could be used to advance scientific research, but says it's contradictory for anyone to buy a superyacht and claim to be truly concerned about the environment.

McCallum says people who own adventure yachts tend to be younger than your standard superyacht owner, and have a particular interest in remote and pristine places. "They're not the sort of people that are content to just hang out in the Mediterranean or the Caribbean," he says. "Antarctica, the Arctic, the remote Indian Ocean, the remote Pacific Ocean, the Subantarctic islands… that's where you're going to find us delivering our services."

Explorer yachts aren't the only way scientists can reach those destinations, but demand for dedicated research vessels does outstrip available supply. The U.S. National Oceanic and Atmospheric Administration (NOAA), arguably the world's greatest collector of oceanographic data, has a fleet of 15 research and survey vessels for the use of its scientists.

Academic researchers can also apply to use the fleet, often at a subsidized rate. But scientists request roughly 15,000 to 20,000 days of boat time every year. In 2019, NOAA was able to fill just 2,300 of them, according to an internal study.

That gap is particularly problematic as the planet warms. Oceans provide services that scientists call "existentially important," producing more than half of the oxygen we breathe and serving as the world's largest carbon sink. They also absorb 30% of our carbon emissions and 90% of the excess heat generated by them.

G. Mark Miller, a retired NOAA Corps officer who was in charge of several of the agency's research vessels, has a different solution in mind when it comes to bolstering ocean research: smaller boats, fit for purpose. Superyachts can cost north of $500 million, he says, "why don't we build a hundred $5 million vessels and flood the ocean science community?"

After leaving NOAA, Miller in 2021 launched Virginia-based Greenwater Marine Sciences Offshore with a vision of building a global fleet of research vessels and offering their use at affordable prices. He says hiring a NOAA boat can cost scientists between $20,000 and $100,000 per day. GMSO plans to charge less than $10,000 a day for most missions. The company says it's close to acquiring its first three vessels.

Miller hopes his business model will help scientists conduct the work they need to—particularly in under-served regions like the Asia-Pacific—without worrying about getting a luxury yacht covered in "muddy worms, plankton goo, dead fish [and] whale snot." He describes yacht owners donating boat time to scientists as "better than nothing," and says it can help get regular people interested in science and exploration.

Christopher Walsh, captain of the Archimedes, says he and his crew love taking part in science initiatives, especially when there's an educational component. "I get a real thrill when we can stream to the classrooms—you can't imagine the enthusiasm the kids display," Walsh says. "That gives me a lot of hope for the future."

Journal information: Frontiers in Remote Sensing

2024 Bloomberg News. Distributed by Tribune Content Agency, LLC.

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