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All You Need to Know About Bruce Sherman and his Yacht Majestic


Yacht Name: Majestic - Yacht Length: 61 m (201 ft) - Guests: 14 in 7 cabins - Crew: 16 in 8 cabins - IMO - 1009065 - Displacement: 1,052t - Feadship - 2007 - Yacht Value: US$ 70 million -


Owners Name: Bruce Sherman - Net Worth: US$ 500 million - Owners Company: M4 Capital - Owners Country: USA - Majestic was built as Secret for Nancy Walton Laurie. She sold her yacht for US$ 69 million to Bruce Sherman.

Yacht Majestic

The yacht Majestic was built as Secret for Nancy Walton Laurie, the daughter of Bud Walton, the brother and business partner of Wal-Mart founder Sam Walton.



The yacht was delivered to Mrs Laurie in 2007, but information can be found here that she sold the yacht in 2010 for USD 69 million to Bruce Sherman.




Legal Battle over Sales Commissions

This transaction lead to some legal battle as the broker involved was fired by the brokerage firm before completion of the sale.



The broker claimed USD 4,8 million in lost commissions. Mr. Sherman himself was NOT a party in this battle.



The information that Mr. Sherman owns Majestic is supported here, where it is stated that Mr and Mrs Sherman donated a week in a 201ft yacht.



And according to this document the ‘donated yacht’ is a Feadship. And as far as SuperYachtFan is informed, Majestic is the only 201ft Feadship built.




Denying Ownership

However SuperYachtFan received an e-mail from a Florida Lawyer, claiming to represent Mr. Sherman, stating that Mr. Sherman is actually not the owner of the yacht.



But search here for this case: CACE11013809, and it will be clear that Mr. Sherman purchased Majestic.




Secret

Nancy Walton Laurie ordered a new 82 meter yacht - also named Secret - at Abeking & Rasmussen, which was delivered to her in 2013. The interior design of both yachts is done by Jim Harris.




Yacht Majestic Interior

The yacht Majestic was built in 2007 at Feadship in the Netherlands. Majestic can accommodate 14 guests and a crew of 16.



Her twin Caterpillar engines give her a top speed of 16 knots. Her features include a cinema, a Jacuzzi and a gym. Her interior is designed by Jim Harris.




Is She Available for Yacht Charter?

The boat is not available for yacht charter. And the yacht is not listed for sale.



Our yacht owners database has more info about yachts, the value of yachts, yacht owners, their source of wealth and net worth.




Scroll all the way down for more amazing content!

Who is Bruce Sherman?

He is the co-founder of wealth management company Private Capital Management.




Private Capital Management

Private Capital Management was the largest independent money management firm in the Southeastern U.S. Bruce launched PCM in 1986 and sold the firm to Legg Mason in 2001 for USD 1,3 billion.



After the sale he remained CEO and led the firm to a prestigious  #1 ranking as "the World's Best Money Managers" .






Acquisitions

Successful acquisitions include the Local Financial Corporation, a bank in Oklahoma which was acquired for USD 26 million in 1989 and sold for USD 160 million in 1997.



Sherman made wise investments in Qualcomm before its stock soared 2,000 percent in the late 1990s and Apple in which he invested before the iPod, Iphone and Ipad made the company successful again.




M4 Capital

In 2004 Sherman managed more than USD 30 billion in assets. After retiring as CEO in 2009, he became Chairman and Chief Executive Officer of M4 Capital.




Miami Marlins

In August 2017 Bruce Sherman and Derek Jeter purchased the Miami Marlins baseball team for US$ 1.2 billion.



Derek Jeter is a former professional baseball shortstop. After his retirement, Jeter began to pursue business interests, including publishing.




Bruce Sherman Net Worth

His net worth is estimated at more than USD 500 million. Bruce Sherman is a family member of Judge Judy.




Philanthropy

Bruce and his wife Cinthia are the founders of the Bruce and Cynthia Sherman Charitable Foundation.



The foundation supports a variety of charitable and philanthropic causes, including childhood development, advanced medical research and education, and the performing and visual arts. The annual Sherman Prize honors exceptional and pioneering achievements in Crohn’s disease and ulcerative colitis.




Bruce Sherman House

Bruce and his wife Cynthia live in a large penthouse in Naples, Florida. Its the same building where also billionaire Shahid Khan lives.




Message to other Media

Please mention and link to this page, when using this information. Thanks!




Resources

http://www.napleswinefestival.com/trustees/cynthia-brucesherman/

https://www.wsj.com/articles/SB123733698924664287

http://www.shermanprize.org/the-shermans

http://www.yachtmajestic.com/

Motor yacht Majestic - Bruce Sherman

Follow the location of the Majestic yacht live

Bruce and Cynthia Sherman House

Bruce Sherman's yacht Majestic in Antibesluxury yacht Majestic in Montrealbuilt as Secret for Nancy Waltontender of the yacht MajesticLuxury yacht MajesticBruce Sherman - Private Capital Management

Motor yacht Majestic, owned by wealth manager Bruce Sherman

Super yacht Majestic was built as Secret for Nancy Walton Laurie

Tender of the yacht.

Luxury Feadship yacht Majestic

Bruce Sherman is the co-founder of Private Capital Management.

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Mariu

The yacht in Montreal, photo by Robert Shea

yacht majestic interiorinterior majestic

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Bruce Sherman House

Inside the Yacht

majestic inside