All You Need to Know About Lee Anderson and his Yacht Katharine
Name: Katharine -
Owners Name: Lee Anderson -
The yacht Katharine is owned by Lee Anderson. Who is Lee Anderson? He is owner of the API Group.
The API Group is a holding company, active in construction, Energy and safety. The group was founded in 1926 by Anderson’s father.
The company started as a a small insulation contracting and distribution company named Asbestos Products Inc. (API) and turned into one of the largest specialty contractors in North America.
API is now a holding company to more than 40 independently managed life safety, energy, specialty construction and infrastructure companies in over 200 locations worldwide. Investments include the American Fire Protection Group , United Piping and the API Construction Company.
Api Group is the second largest supplier of Life Safety Services in the United States and the largest in Canada.
In the 80’s and 90’s Anderson started buying local banks. In 20 years time he bought 18 banks in central and northern Minnesota.
He 1997 he sold his banks for US$ 700 million and was paid in Wells Fargo shares. In the next year these shares doubled in value. Anderson became a billionaire.
Anderson is also a real estate developer through A&L Properties, which he founded with his business partner Rob Link.
The net worth of Lee Anderson is estimated at US$ 1 billion. Although we wouldn’t be surprised if the amount is much higher. Anderson is an art collector, owning painting by Monet and Renoir.
Lee and his wife Penny are active philanthropists. In 2007 Lee Anderson don\ted US$ 60 million to the University of St. Thomas.
The gift was used to build a new student center named the Anderson Student Center. In 2011, the Andersons donated US$2.5 million for the building of the new Defenders Lodge, a facility for veterans seeking care at the Department of Veterans Affairs.
Katharine is a 62 meter motor yacht built at CRN. She was built as Numptia for Mario Sbarro, owner of the Sbarro pizza chain. Katharine can accommodate 12 guests in 6 cabins and has a crew of 16.
Katharine is named after Lee and Penny’s daughter Katharina and is available for charter. Lee and Penny used to own a 52 meter Trinity yacht, also named Katharina (now known as Keri Lee) and still own a 42 meter yacht named Penny Mae, named after Penny Anderson.
Lee and Penny Anderson own many houses. We believe their main residence is a large house in Naples, Florida based on the Gulf Of Mexico.
They also own a house on Lake Nisswa in Minnesota and a winery in Croatia.
Anderson owns a Bombardier Global 5000 private jet with registration N702LK. The jet was delivered in 2012 and has a list price of U$ 50 million.
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