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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Google

Larry Page steals a captain

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David A. Kaplan
David A. Kaplan
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By
David A. Kaplan
David A. Kaplan
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December 27, 2011, 5:00 AM ET
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Larry Page's 194-foot Senses sleeps 12 comfortably.

FORTUNE — It’s warfare on the high seas! Not quite, but the moneyed yachties of the world were abuzz when Google’s (GOOG) Larry Page recently got himself a skipper for his 194-foot motor yacht Senses. The new captain is Chris Gartner, who was lured away from the Maltese Falcon, the futuristic clipper ship owned by Elena Ambrosiadou, the European hedge fund billionaire. The Falcon’s prior owner and builder was Tom Perkins, the celebrated Silicon Valley VC; the 46-year-old Gartner had worked for Perkins for 20 years. When Perkins sold the Falcon in 2009 to Ambrosiadou for a reported $90 million, Gartner stayed on — until this fall when Page, according to a source, made him “an obscene offer.” Captains in the mega-yacht industry receive salaries as high as $250,000. (Google will say only that he was paid a market rate.) Senses, which Page bought for a reported $45 million, carries a Hobie Wave catamaran, a 28-foot classic Herreshoff sloop, and a helipad. Gartner will captain a crew of 13. No word on whether Page will have him use Google Maps to steer. –David A. Kaplan

This article is from the December 26, 2011 issue of Fortune.

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