Another gigantic yacht docks in Boston Harbor

Boston, MA -- 8/14/2017 - A yacht called Fountainhead is parked in Boston Harbor. (Jessica Rinaldi/Globe Staff)

Fountainhead parked in Boston Harbor. –Jessica Rinaldi / The Boston Globe

Boston Harbor has seen its fair share of large, fancy ships this summer.

First, it was the Tall Ships in June. Then it was the Vava II, a 315-foot yacht that sat docked at Commercial Wharf for several days. Now, it’s the 288-foot Fountainhead, a yacht that also visited Boston in 2016 and caused a bit of controversy regarding its owner.

Many news outlets have reported that Fountainhead is owned by Dallas Mavericks owner and Shark Tank star Mark Cuban. Last summer, even Boston police said that the yacht belonged to Cuban on their Twitter page. Cuban, however, denied ownership to both The New York Post and Boston Business Journal.


“I don’t own a yacht. Never have . . . The guy who owns the boat tells EVERYONE that it’s mine,” Cuban told the Post’s Page Six via email. “It’s so crazy, I got a letter from someone thanking me because the ship’s doctor had saved this person with CPR . . . had people email me asking if they can come aboard. Of course I always say yes. I DON’T OWN A YACHT.”

The boat’s real owner is reportedly Sears CEO Eddie Lampert. In a New York Times article on Lampert, a longtime hedge fund manager, the paper noted that despite the financial decline of the department store chain, Lampert remains a wealthy man, listing Fountainhead among his many luxury assets.

Mr. Lampert remains one of the country’s richest people. He owns lavish homes in Greenwich, Conn.; Aspen, Colo.; and Miami as well as a 288-foot yacht, Fountainhead, named after the Ayn Rand novel (Mr. Lampert is a devotee of the author). Last year Forbes ranked him tied for No. 309 on its annual list of the 400 richest Americans, with a net worth of $2.3 billion.

When The Boston Globe visited the ship, they spotted several people lounging on the back deck, along with a small dog. But unlike the Vava II, no helicopter was spotted on the yacht, with only “one or two large boats” sitting on the back deck instead.