Schmidt's $67.6M Yacht Won the Alfa Nero Superyacht at Auction for $67.6 Million
Schmidt won an Antigua government auction for the 267-foot Alfa Nero at $67.6 million.
By the Rich vs Reality desk June 2023 10 sources

Could have given
1.7 million
people clean drinking water.
To Schmidt, it felt like $367.
Schmidt won an Antigua government auction for the 267-foot Alfa Nero at $67.6 million. The yacht has a swimming pool that converts into a helipad and had been stranded in Antigua after its prior ownership became subject to sanctions-related proceedings.
Reported by Bloomberg, July 2023 and Bloomberg Law, June 2023.
$67.6 million could give 1.7 million people clean drinking water. To Schmidt, it cost what about $367 costs a typical American family.
$67.6 million could have changed these lives
Instead, it went on this.
1.7 million
people given clean drinking water
charity: water: about $40 funds clean water for one person, on average, in rural communities. Source
617,352
hungry kids fed three meals a day for a whole year
No Kid Hungry: $1 can help provide 10 meals for kids. Three meals a day for 365 days is 1,095 meals, about $110 per child per year. Source
3,788
years of rent for a homeless veteran
At the U.S. median rent of $1,487 a month (Census, 2024), about $17,844 a year. Source
Or: 12,291 lives saved from malaria, most of them children under five; 1,894 families escaping domestic violence given a safe home for two years. Every rate and source.
Eric Schmidt
$67.6 million
For everyone else, that's
$367
That's what it felt like to Schmidt: the same share of a typical family's net worth.
Could have given 1.7 million people clean drinking water.
Drag the seam between the two worlds.
Measured against a typical American household: $87,460 a year, $192,900 net worth.
The receipts
- Bloomberg, July 2023
- Bloomberg Law, June 2023
- Net worth: Forbes, The World's Billionaires 2026
- U.S. Census Bureau, Income in the United States: 2025 (Sept 2026)
- Federal Reserve, Survey of Consumer Finances 2022
- No Kid Hungry, What your dollars can do
- GiveWell, How much does it cost to save a life?
- charity: water, How much clean water will my donation provide
- U.S. DOJ Office on Violence Against Women, Transitional housing
- U.S. Census Bureau median gross rent, via USAFacts
See something wrong? Send a source to hello@richvsreality.com and we will correct it.
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