A striking display of personal wealth is turning heads on Toronto’s waterfront, with an American billionaire’s luxury superyacht currently moored at Harbourfront.
The personal yacht of U.S. billionaire Jay Schottenstein, who serves as chairman and CEO of Schottenstein Stores Corporation, American Eagle Outfitters and American Signature, has been spotted on the waterfront.
Schottenstein, with an estimated net worth of at least $1.5 billion USD and a family net worth of approximately $2.8 billion USD, is the owner of a 200-foot luxury superyacht called Just J’s, which comes with an outlandish list of features few of us normies could dream of.
Just J’s, Jay Schottenstein, CEO of American Eagle Outfitters Yacht @ Lakeshore. August 22 2024.
byu/TerryLeeee intoronto
Constructed at Dutch shipyard Hakvoort and delivered to Schottenstein in 2016, the luxury vessel is valued at $75 million USD and is estimated to cost roughly $7 million USD per year in maintenance costs.
The yacht is designed with a capacity for 12 guests and a crew of 16, and comes with some pretty impressive features fit for the billionaire lifestyle.
Amenities on board Just J’s include a two-by-three-metre pool with a contraflow system, along with a movie room, a gym, a tender vessel, and even large gullwing doors that open on either side of the yacht, where jet skis can be launched.
The yacht’s name is a play on the Schottenstein family’s naming convention, where all members have names beginning with the letter ‘J.’ After Jay married his wife Jeanne, they went all in on the letter with three sons named Joseph, Johnathan and Jeffrey. The tradition has extended to Schottenstein’s grandchildren, who are named Jacob and Jonah.
