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Yacht Quattroelle

Majid al Futtaim - Fact Sheet

Yacht Name: Quattroelle

Yacht Length: 86 m (283 ft)

Guests: 12 in 6 cabins

Crew: 28 in 14 cabins

Yacht Value: US$ 250 million

Owners Name: Majid al Futtaim

Owners Net Worth: US$ 5.9 billion

Owners Company: Majid Al Futtaim

Owners Country: UAE


Quattroelle was built for Michael Lee Chin, he is rumored to be building a larger 139 meter yacht


The luxury yacht Quattroelle was built by Lurssen and delivered to her owner in 2013. She is designed by the Italian based Nuvolari-Lenard and can accommodate 16 guests in 8 staterooms. The yacht has a crew of 29.


An Usain Bolt designed Gym

Quattroelle has a gymnasium designed by Usain Bolt, a spa with hairdressing salon, a massage room and several pools. The name Quattroelle stands for “four L’s or Love, Life, Liberty, and Luxury”.


Built for Michael Lee Chin, who is building larger

Quattroelle was built for Michael Lee-Chin, but he sold the yacht in 2014 to UAE billionaire Majid al Futtaim. Apparently Micheal Lee Chin ordered a larger (139 meter / 456 ft) yacht, which will be delivered in 2019. Built to a Moran Yachts specification, the yacht will feature accommodations for 36 guest in 20 staterooms. All photos on this page are used with permission. See Ship-Dreams for more photo’s. The yacht Quattroelle is available for charter, enquire for your ultimate charter experience.

Majid al Futtaim

Majid al Futtaim is the owner of the yacht Quattroelle. Al Futtaim is an UAE based billionaire and brother of Abdulla al Futtaim (owner of the yacht Radiant).


Majid al Futtaim Holding

Majid al Futtaim is founder of Majid Al Futtaim Holding, active in retail and real estate. Al Futtaim owns the franchise to operate Carrefour hypermarkets and supermarkets in the Middle East, North Africa and the Russian Commonwealth of Independent States.


Carrefour

In total Al Futtaim owns around 140 Carrefour stores. The group also develops malls, the most famous is the Mall of the Emirates, which has more than 500 shops, 7000 parking spaces and includes Ski Dubai, the Middle East’s first indoor ski resort and snow park.


Hotels

Further Al Futtaim owns 11 hotels, including the Kempinski Hotel Mall of The Emirates, which has 393 rooms. Majid Al Futtaim Ventures develops businesses that complement Majid Al Futtaim Holding’s hotel and mall operations. This includes the leisure and entertainment facilities at the shopping malls, including Ski Dubai, VOX Cinemas, Magic Planet and iFly.


Finance activities

It is also parent to Majid Al Futtaim Finance, a consumer finance company issuing ‘Najm’ credit cards that offer consumers special rates and benefits at the malls and facilities, and Majid Al Futtaim Fashion, which brings some of the world’s most famous brands to the Middle East region including Abercrombie & Fitch and Mexx.


$5.9 billion net worth

The net worth of Majid al Futtaim is estimated at US$ 5.9 billion. He is considered to be the richest (non Royal) person in the United Arab Emirates. In 2015 his group realized revenues of US 7.5 billion and a net profit of US$ 900 million. Majid al Futtaim owns a Dassault Falcon 7X Private Jet with registration A6-MAF. The jet has an estimated costprice of more than US$ 50 million.

Follow the position of the yacht Quattroelle live!

yacht Quattroelle

 Luxury yacht Quattroelle, owned by Majid al Futtaim

Motor yacht Quattroelle

Michael Lee-Chin is the founder of Portland Holdings

Majid Al Futtaim yacht

Majid al Futtaim is a UAE billionaire, he owns hypermarkets, malls and hotels

Michael Lee Chin yachtQuattroelle

Quattroelle - Love, Life, Liberty, Luxury

Michael Lee-Chindelivered by Lurssen in 2013yacht QuattroelleAl Futtaim's private Jet A6-MAF

Majid al Futtaim’s private jet with registration A6-MAF (Photo by Rick Schlamp)

Michael Lee-Chin

Michael Lee-Chin was the original owner of the yacht Quattrolle, but he sold his yacht to Majid al Futtaim. Michael Lee-Chin is the founder of Portland Holdings, an investment company active in several sectors, including media, tourism, health care and financial services.


Born in Jamaica

Lee-Chin was born in Jamaica and immigrated to Canada to study engineering. He became financial advisor and at the age of 32 borrowed money and started investing. His first investment of $500.000 became US$3.5 million in a few years.


AIC Limited

With the profit Lee-Chin acquired the investment firm AIC Limited. This investment firm grew to assets of more than $15 billion. Lee-Chin’s current investments include The National Commercial Bank of Jamaica (NCB, Jamaica’s largest bank with 2,400 employees), The Wallenford Coffee Company (Jamaica’s largest coffee exporter), the CVC Communications Group (tv and radio stations) and several exclusive hotels and restaurants.


US$ 1 billion net worth

Michael Lee-Chin has an estimated net worth of $ 1 billion, making him one of the richest Jamaican born people. His previous yacht was Capri, which he sold to John Caudwell.