Watch: New £20m Superyacht Owned By Multimillionaire Destroyed By Fire

A new superyacht costing a whopping £20m was completely destroyed by fire.

Constructed by Italian firm ISA, the yacht was ready to debut at the Monaco Yacht Show in September.

The incident occurred in the Balearics after the luxurious yacht was delivered last month to its owner Paolo Scudieri, a multimillionaire and a renowned face in the Italian car industry.

Una embarcación se incendia en Cala Saona en Formentera. No hay heridos.Dos embarcaciones de @salvamentogob se encuentran trabajando en el lugar pic.twitter.com/HGKhoMACYg

— Radio Ibiza SER (@RADIOIBIZASER) August 11, 2022

Scudieri is the president of Adler-Hp Pelzer Group, a supplier of automotive parts with a net worth of $500m.

The 43.7 m Aria SF caught fire on the afternoon of Thursday while being anchored at Cala Saona, on the western shores of Formentera, per Spanish rescue and search agency Salvamento Maritimo.

The 7 crew and 9 guests onboard the yacht were safely evacuated to other boats; however the superyacht cannot be salvaged. It will be towed to Ibiza on Friday while the cause of the fire remains unknown.

The luxurious yacht had a gym, a pool and could accommodate 10 guests in its 5 staterooms. Scudieri had a special suite built for himself on the main deck with a private lounge having a skylight, a terrace and access to the outer lounge through a private staircase.

References: the guardian, euroweeklynews

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