Tracking the Yachts and Jets of the Mega-Rich

Robert Frank reports that the Russian billionaire Dmitry Rybolovlev’s jet and yacht were in some places at times when President Trump or members of his family were in the same area, according to tracking data. Investigations of potential ties between the president and Russia have drawn attention to location-tracking sites.

Mr. Trump’s and Mr. Rybolovlev’s paths have intersected before. A trust linked to Mr. Rybolovlev bought an estate in Palm Beach from Mr. Trump in 2008 for $95 million. Both men say that despite the transaction, they have never met.

What makes the stories surprising, however, is the amount of easily searchable data on the locations of Mr. Rybolovlev’s private jet and yacht. New technology, specialized websites and an army of amateur plane-spotters and yacht-watchers around the world have made it easier than ever for anyone to pinpoint a billionaire’s yacht or jet anywhere in the world and track their movements.

See full post at: Tracking the Yachts and Jets of the Mega-Rich | Robert Frank – The New York Times

Posted by Jacqueline Groccia, Associate Editor, Wealth Strategies Journal.