Mystery Buyer of Sergey Brin's USD 31M Superyacht Tied to Ong Beng Seng's Inner Circle

SINGAPORE, October 2025 - The intrigue surrounding the sale of Google co-founder Sergey Brin's former superyacht has found fresh light. Sources confirm that the 73-metre Capricorn, once named Dragonfly, is now in the possession of a Cayman Islands entity linked to a confidant of Malaysian billionaire Ong Beng Seng. The deal underscores how luxury yachts symbolize the pinnacle of affluence even as Ong navigates legal scrutiny at home.

The Acquisition: A Silent Transfer of Power

First listed for €27 million ($31.7 million) in June 2024 by Y.CO, the yacht was swiftly transferred in October 2024 from Prime Meridian (Marshall Islands) to Aquatic Holdings (Cayman Islands). No names appeared on filings, but those familiar with the matter say the buyer is a trusted member of Ong's inner circle.

Ong Beng Seng: Luxury Amid Legal Trials

Ong, worth $1.4 billion (Bloomberg Index), was charged in October 2024 in a political scandal involving former Singapore transport minister S. Iswaran. He later accepted a S$30,000 fine ($23,285) for abetting obstruction of justice. Even under court-imposed travel restrictions, Ong's approved itineraries in Italy and Croatia in 2025 neatly overlapped with the yacht's anchorage — keeping him close to the Capricorn's European voyage.

Capricorn: A Floating Palace

Originally built in 2009 and refurbished since, Capricorn reflects the ultimate in seaborne indulgence. Her features include:

• Eight staterooms hosting up to 18 guests
• Helipad for seamless arrivals
• Open-air cinema & jacuzzi
• Full suite of water sports equipment

Now flying the Cayman Islands flag, Capricorn sits as the sole listed asset of Aquatic Holdings — a classic single-purpose ownership structure. For those intrigued by the exotic world of luxury cruises, this vessel represents the private alternative.

Ong's Global Empire of Prestige

Beyond yachting, Ong's footprint spans hospitality, fashion, and motorsport:

• Hotel Properties Ltd (with wife Christina Ong) - Concorde New York, Four Seasons Singapore.
• Majority stake in Mulberry - the iconic British handbag brand.
• Formula One Night Race - co-architect of Singapore's glamorous F1 debut in 2008 with Bernie Ecclestone.

Timeline: Capricorn's Voyage of Ownership

Bottom Line: Wealth, Power, and the Sea

Sergey Brin may have moved on from Capricorn, but the yacht's journey from Silicon Valley to Ong Beng Seng's circle illustrates a timeless truth: in the rarefied world of billionaires, yachts are more than vessels, they are symbols of resilience, prestige, and power play. As the psychology behind why people buy luxury goods reveals, such acquisitions transcend mere functionality, serving as markers of status and success in the world's most luxurious circles.