Hedge fund hot-shot Daniel Loeb, the founder of Third Point LLC, recently purchased Sandy Weill's 200-foot yacht, CNBC's Kayla Tausche and Robert Frank report.
He paid between $50 to $52 million for the former Citigroup CEO's "April Fool", sources told CNBC.
It was listed $69.5 million in 2011, according to the Wall Street Journal. The price was lowered to $59 million, according to CNBC.
Loeb was one of the best paid fund managers in 2012 taking home an estimated $380 million, according to Institutional Investor's Alpha.
The vessel features 1 master bedroom and 4 guestrooms, a gorgeous dining room, and a jacuzzi. Now let's take a tour.
Meet the April Fool
You could take a dip in the jacuzzi
Or have breakfast on this sunny deck
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