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Billionaire George Lindemann is the owner of the yacht A2. Lindemann is a succesful investor, active in several industries.
Energy Transfer Equity
His current shareholdings include an (estimated) stake of 6% in Energy Transfer Equity. George Lindemann’s father established the Nestle-LeMur Company, a cosmetics manufacturer active in hair products, which later merged into Smith, Miller & Patch Pharmaceuticals. George Lindemann became president and sold the company in 1972 to Cooper Laboratories for a reported US$ 75 million.
With the proceeds Lindemann started Vision Cable which he sold 10 years later for US$ 220 million. Then he founded the cell phone company Metro Mobile which he sold for US$ 2.5 billion 10 years later.
Southern Union Company
Than he acquired the Southern Union Company, which owns and operates one of the US’ largest natural gas pipeline systems. In 2011 Energy Transfer Equity acquired the Southern Union Company for US $8.9 Billion, of which US$5.1 Billion in cash and the remaining in ETE shares. Lindemann reportedly still owns 6% of the ETE shares.
US$ 3.2 billion Net Worth
The net worth of George Lindemann is estimated at US$ 3.2 billion (August 2016). Lindemann acquired his yacht A2 in 2011. She was then known as Masquerade of Sole, and owned by UK businessman Michael Rockall. Rockall had some fiscal problems when he sold his yacht. A2 was send to Pendennis for an intensive refit.
Also owns the Schooner Adela
In 1995 Pendennis already did a refit on the 1903 built schooner Adela, which is also owned by George Lindemann. The luxury yacht A2 actually serves as a support ship to the schooner Adela. Neither the yacht A2 or Adela is available for charter.