Billionaire F1 Boss Is Getting a New Megayacht, and It's a Huge Secret

Late last week, luxury shipyard Feadship had the technical launch for one of its latest builds, internally named Project 714. No one knows much about Project 714, not even trade publications in good relations with the shipyard, except for the fact that it's an 80-meter (262-foot), supposedly fully custom vessel with a delivery timeline for 2025.

The hull came out at the SLOB Facility in the Netherlands last week, offering the first-ever glimpse at Project 714. For the time being, it's not too revealing a glimpse since this is the technical launch, so what we're seeing is the hull put together for the first time, but the exterior isn't finished, and there is no engine or finishes inside.

But here's an interesting tidbit about Project 714, one that could possibly explain the high level of secrecy around it. Though construction on the megayacht started way back in 2021, it's been shrouded in secrecy in a way that only a select handful of vessels are, and it might have to do with its direct beneficiary – the owner, that is.

That owner is none other than F1 billionaire Lawrence Stroll, according to eSysman Superyachts, citing sources from inside the shipyard. Until recently, Stroll, who is also the owner of the Aston Martin F1 team, was the owner of Faith, a 2017 Feadship build launched as Vertigo that he bought and turned into one of the most successful charter platforms in the world. He's since sold it to another F1 boss, Michael Latifi.

Faith is the very definition of opulence on the high seas: with a total length of 96.6 meters (317 feet) and almost 3,000 GT of interior volume, it can accommodate 18 guests and 32 crew and offers insane amenities ranging from a helipad, several pools (including a glass-bottomed one with a waterfall), statement beach club, a wellness club, and lavish interiors that would do a five-star hotel feel poor by comparison.

Just to give you an idea of how fancy it is, suffice it to say that it's been chartered by some of the biggest celebrities in the world, from Beyonce and Jay Z to Michael Douglas and Catherine Zeta-Jones, at prices starting at some $1.5-$2 million per week. And that didn't even include expenses and fuel!

At 80 meters (262 feet) and a reported interior volume of 2,500 GT, Project 714 might feel like a downgrade for Stroll – and a big one, at it. But the gist is that while he bought Faith as a used vessel, Feadship is building Project 714 specifically for him. In other words, this one might be smaller, but it's designed to meet his every dream and whim, so chances are it'll be more expensive than Faith, too.