While Coachella 2017’s first weekend was kicking off on April 14, the Obama’s were spotted vacationing with Bruce Springsteen, Tom Hanks and Oprah Winfrey on a 454-foot yacht named Rising Sun— living, by all appearances, the ultimate post-presidential life. Yachting has been a longtime favorite of the music industry’s biggest names, including Katy Perry and Mick Jagger, thanks to the privacy offered, top-notch service, and access to far flung destinations. To better understand the rarified nature of the Obama’s holiday, here are 5 things you need to know about Rising Sun, which is owned by movie and music mogul David Geffen. .
Rising Sun has a basketball court
?Why leave the basketball on dry land when you can play on a boat? The 454-foot megayacht, which accommodates 16 guests and 45 crew, has ample space for the court.
The yacht’s music ties run deep
Music producer and founder of DreamWorks SKG David Geffen owns the Rising Sun. At age 74, the multi-billionaire — he’s worth $7.4 billion according to Forbes — has had a hugely successful career working with artists such as the Eagles, Bob Dylan, and Elton John through his record labels (Asylum Records, Geffen Records). ?
It’s worth $590 million
Entrepreneur and Oracle co-founder Larry Ellison commissioned the Rising Sun, which is the eighth largest yacht in the world, in 2004. Geffen bought the yacht for $590 million in 2010.
Stars are always on deck
You can FOMO on Instagram
Geffen generously posts his vacation snaps on Instagram, including selfies in tropical destinations and group photos with the likes of Oprah Winfrey.