Yacht Name: Callisto -
Derrick Smith Net Worth: US$ 725 million -
Derrick Smith is the owner of the yacht Callisto.
Smith is a former Ladbroke trading director. Who turned into a successful currency trader. He lives with his wife Gay Smith in Barbados and is active in horse racing.
Smith started working at Ladbrokes. Ladbrokes is the world leader in online betting and gaming.
After a career as trading director, he left in 1998 to become currency trader and property developer. He was very successful. He became rich and moved to Barbados.
Smith is active and successful in horse racing. Smith has owned many successful horses together with Michael Tabor.
Together with Michael Tabor and John Magnier, he is the owner of the successful Coolmore Stud Farm. Coolmore is the world's largest breeding operation of thoroughbred racehorses.
Again together with Michael Tabor, Smith co-
The hotel has 112 guestrooms and a five bedroom villa. It attracts the world’s rich and famous. Guests include Oprah Winfrey, Rihanna, Tiger Woods and Bill Gates.
Smith and his wife Gay are active philanthropists. He heads the Sandy Lane Charitable Trust. He donated US$ 10 million to create the Derrick Smith School and Vocational Centre.
The school’s building and facilities were paid by Smith. While the Barbados Government will fund the operating costs.
Through his investment company Smoothfield Holding Limited he owns 4.3% of the shares in Mitchells & Butlers. Mitchells & Butlers is the largest operators of restaurants, pubs and bars in the UK.
M&B runs around 1,600 pubs, bars and restaurants throughout the United Kingdom. It has revenues of more than US$ 2.5 billion and 44,000 employees.
According to the Sunday Times Rich List, his net worth is estimated at GBP 595 million (US$ 725 million). His house is reported to be the largest house in Barbados. It has a value of US$ 35 million.
The motor yacht was built by Feadship in the Netherlands. The yacht was delivered in 2006. It underwent and intensive refit in 2014. Callisto can accommodate 12 guests and 16 crew.
Her interior is designed by Disdale Design. Two Caterpillar engines give her a 16 knots top speed. The yacht’s logo refers to her owners’ horse racing activities. And we think that the name Callisto refers to a stallion owned by Smith.
The boat is available for yacht charter. The yacht is not listed for sale.
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