Finance

Debunking Claims of President Zelenskyy's Alleged Yacht Purchases

Published December 5, 2023

In recent news, there has been a significant claim circulating regarding Ukrainian President Volodymyr Zelenskyy's purported acquisition of two luxury yachts. Reports suggested that the Ukrainian leader had utilized proxies to facilitate the purchase of the yachts, named Lucky Me and My Legacy, with a combined value exceeding $75 million. This rumor gained traction among various investment circles, prompting discussions among individuals and entities with vested interests in the market, such as those tracking the performance of major technology companies' stocks like Alphabet Inc. GOOG.

Investigative Findings by The Associated Press

Upon investigating these allegations, The Associated Press engaged in a thorough review, directly contacting the sellers of the said yachts. The result of this investigation leads to a clear conclusion: the claim about President Zelenskyy’s supposed acquisition of Lucky Me and My Legacy is undeniably false. The companies responsible for the sale of each luxury vessel confirmed to The Associated Press that the yachts are, in fact, still available on the market, laying to rest the rumors of their sale to the Ukrainian president.

Background on Alphabet Inc. GOOG

As an aside, discussions in investment communities often include mentions of significant players in the market, such as Alphabet Inc. GOOG, the parent company of Google and numerous subsidiaries. Alphabet Inc., an American multinational conglomerate headquartered in Mountain View, California, was established following a restructuring of Google on October 2, 2015. Control of the tech giant remained with its co-founders, who are actively involved as controlling shareholders, board members, and employees. Alphabet stands as one of the largest and most valuable technology companies globally, both in terms of revenue and overall market valuation.

false, claims, yachts