Italian Businessman’s $24 Million Super Yacht with a Pool Goes Up in Flames Weeks After Delivery

SuperyachtAria SFwent up in flames off the coast of Formentera, a small island in Spain, according to multiple reports.Just weeks after being delivered late last month to Paolo Scudieri, an Italian businessman and car industry leader, the $24 million vessel caught on fire Thursday,The Guardianreported, citing search and rescue agencySalvamento Marítimo.Although the massive yacht is thought to be unsalvageable, all seven crew members and nine passengers — none of whom have been identified — were able to safely evacuate and were not harmed, according toThe Guardian. The cause of the fire remains unknown.The search and rescue agency, whichshared photos of the fireon social media, said that the yacht will be relocated to Ibiza.Scudieri is the president ofAdler-Hp Pelzer Group, which produces “acoustical and thermal components and systems for the automotive sector.” PEOPLE has contacted Scudieri’s company for comment.Additionally, he is aparticipant in the Ferrari Challenge, a “competition for those who, not satisfied with just driving their Ferraris on the road, feel the urge to compete in top-level sprint races.“Scudieri is believed to have a fortune of around $500 million, according toThe Guardian.Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.Paolo Scudieri.Franco Origlia/GettyTheAria SF, which was set tomake its public debutat the upcoming Cannes and Monaco yacht shows later this year, had plenty of luxurious amenities, according toSuperYachtTimes.In addition to boasting an open-air gym as well as a swimming pool, theAria SFwas designed to accommodate up to 10 guests, the outlet reported. The owner’s suite even had its own private lounge with a sofa and a television, with direct access to an outdoor lounge thanks to a private staircase.Alaunching ceremonywas held back in April, which included an orchestra and multi-colored confetti that resembled the Italian flag when shot out from a cannon, according toThe Daily Mail.“A heartfelt thanks to the owner who actively participated in the construction of this new model, enhancing it with innovation and technology,” ISA Yachts, which made the vessel,wrotein a statement at the time.

SuperyachtAria SFwent up in flames off the coast of Formentera, a small island in Spain, according to multiple reports.

Just weeks after being delivered late last month to Paolo Scudieri, an Italian businessman and car industry leader, the $24 million vessel caught on fire Thursday,The Guardianreported, citing search and rescue agencySalvamento Marítimo.

Although the massive yacht is thought to be unsalvageable, all seven crew members and nine passengers — none of whom have been identified — were able to safely evacuate and were not harmed, according toThe Guardian. The cause of the fire remains unknown.

The search and rescue agency, whichshared photos of the fireon social media, said that the yacht will be relocated to Ibiza.

Scudieri is the president ofAdler-Hp Pelzer Group, which produces “acoustical and thermal components and systems for the automotive sector.” PEOPLE has contacted Scudieri’s company for comment.

Additionally, he is aparticipant in the Ferrari Challenge, a “competition for those who, not satisfied with just driving their Ferraris on the road, feel the urge to compete in top-level sprint races.”

Scudieri is believed to have a fortune of around $500 million, according toThe Guardian.

Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.

Paolo Scudieri.Franco Origlia/Getty

Paolo Scudieri, Chief Executive Officer and President of Adler Group Tecnofibre poses at their headquarters on November 29, 2010 in Ottaviano Naples, Italy. ‘Nothing is like an Abarth: Size, Shape, Speed, Spirit!’ is the slogan of the luxury sportswear brand of Scudieri.

TheAria SF, which was set tomake its public debutat the upcoming Cannes and Monaco yacht shows later this year, had plenty of luxurious amenities, according toSuperYachtTimes.

In addition to boasting an open-air gym as well as a swimming pool, theAria SFwas designed to accommodate up to 10 guests, the outlet reported. The owner’s suite even had its own private lounge with a sofa and a television, with direct access to an outdoor lounge thanks to a private staircase.

Alaunching ceremonywas held back in April, which included an orchestra and multi-colored confetti that resembled the Italian flag when shot out from a cannon, according toThe Daily Mail.

“A heartfelt thanks to the owner who actively participated in the construction of this new model, enhancing it with innovation and technology,” ISA Yachts, which made the vessel,wrotein a statement at the time.

source: people.com