Donald Sussman is the owner of the yacht Alice’s Restaurant. Who is Donald Sussman? He is a succesful and pioneering hedge fund manager and the founder of Paloma Fund and New China Capital Management.
Paloma Fund is a hedge fund, with more than US$ 3 billion in assets under management. Paloma is known for backing emerging hedgefunds, which then exclusively work for Paloma.
The long term investment return for Paloma is 13% per year. In 2010 Paloma received US$200 million in US taxpayer funds as part of the AIG bailout.
We estimated the net worth of Donald Sussman at US$ 500 million.
Donald Sussman is an active philanthropist and political donor. In 2016 he gave US$ 40 million to super PACs supporting Hillary Clinton and other democrats. In 2010 he donated US$ 12 million to Skidmore College
Donald Sussman lives in a large house in Fort Lauderdale, with direct access to the Intercoastal Waterway.
In total he spent US$ 42 million on three adjoining lots on Harborage Isle Drive in Fort Lauderdale. It is now considered to be one of the most expensive houses in the area.
Sussman is the owner of a Dassault Falcon 2000 private jet with registration N888CE. The 888 probably refers to his business address at 888 Los Olas Boulevard in Ft Lauderdale.
‘CE’ probably refers to his daughters Carolyn and Emily. The jet has a list price of around US$ 30 million.
N888CE is formally owned by a company named MAGIC CARPET ENTERPRISES LLC, of which Sussman is the shareholder.
The yacht Alice’s Restaurant was built by Westport in 2010 for Raymond Craig. In 2015 she was purchased by Sussman and underwent an extensive refit.
Alice’s Restaurant is powered by two MTU engines and can reach a top speed of 28 knots. She can accommodate 10 guests in 5 staterooms.
Alice’s Restaurant was listed for sale, with her name reserved. So she will probably be replaced by another yacht. Sussman also owns a small pontoon boat named Rick’s Cafe.
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