Starbucks owner Howard Schultz’s £118m superyacht in Cornwall for refit

A luxury superyacht owned by the man who transformed Starbucks from a Seattle coffee bean store into a global brand has arrived in UK waters. 

The vessel, named Pi, is worth an estimated £118 million and was spotted entering Falmouth harbour yesterday morning before moving to Pendennis Shipyard later in the afternoon.

The ship was built in 2019 by a Dutch company named Feadship. It is the 21st largest vessel the company has ever made with dimensions of 254ft in length and 37ft wide, positioning it as the 195th largest yacht in the world. With two engines, it can reach speeds of 18.4 knots.

It is owned by Howard Schultz, ranked by Forbes magazine as the 209th richest person in the world, with a net worth of £3.68billion.

The £118m superyacht owned by Starbucks boss Howard Schultz pulled into Falmouth, Cornwall, yesterday morning, pictured

The superyacht, which was completed in 2019, is understood to be in the UK to undergo a refit at Pendennis Shipyard

Pi can host up to 12 guests and 18 crew members and has its own helicopter pad, glass-bottomed swimming pool and onboard spa facilities

The vessel is owned by American businessman Howard Schultz who transformed Starbucks from a Seattle coffee bean store into a world-wide empire 

Pi can host up to 12 guests and 18 crew members and has its own helicopter pad, glass-bottomed swimming pool and onboard spa facilities.

It belongs to the American businessman who bought the coffee chain in the 1980s. He is ranked by Forbes as the 209th richest person in the world, with a net worth of £3.68bn. The 68-year-old is currently chief executive of the company, a job he has also filled previously.

It is likely that the superyacht is undergoing some work at Pendennis Shipyard, which is one of the world’s leading superyacht refit and custom build facilities. The site employs over 450 skilled tradespeople and has completed more than 300 refit projects and 30 custom-made build projects on some of the most iconic yachts in the world.

Schultz is credited as Starbucks’ founder despite the company being founded in 1971 by Jerry Baldwin, Zev Siegl, and Gordon Bowker at Seattle’s Pike Place Market.

 Back then, Starbucks was merely a coffee bean store but it became a full-fledged cafe after Schultz bought it in the early 1980s. Later he transformed it into the international coffee shop brand. 

The businessman made most of his billion-dollar fortune thanks to Starbucks. He served as the chief executive officer from 1986 to 2000 and returned during the financial crisis of 2007-08.