JR Ridinger’s yacht sinks tanker in Bahamas boating accident

Talk about a whole bunch of issues.

A $51million superyacht Utopia IV, owned by multi-millionaire JR Ridinger, rammed and sank an oil tanker in the Bahamas on Christmas Eve.

According to reports, the Utopia struck the stern of the tanker, the Tropic Breeze, at 10 p.m. off New Providence Island.

Maritime Management, owner of the sunken vessel, told the local Caribbean National Weekly, “The catastrophic force of the collision pierced the tanker’s stern causing the tanker to sink to the ocean floor at an estimated depth of 2,000 feet.”

Regarding potential environmental damage, the company said that all “non-persistent materials [LPG, marine gas and automotive gas] … are lighter than water and will evaporate if exposed to surface air.

The crew members were rescued by another passing superyacht called Amara.

It is unclear whether Ridinger, CEO of Market America and Boutique.com, was aboard the Utopia IV. There was no response to requests for comment from any of its companies. Page Six also contacted the Bahamas Department of Transportation and Housing.

JR Ridinger and his wife Loren pose at a red carpet event.
JR Ridinger and his wife Loren are “avid” boaters.
Getty Images

The Utopia IV has four Rolls Royce hydrojets for speed and seats 12 in an interior outfitted with luxury brands like Hermes and Armani. There is a jacuzzi in the owner’s suite and a glass bottom swimming pool.

When putting their West Chelsea duplex on the market in July 2020 – which offered boat space at nearby Chelsea Piers – Ridinger’s wife, Loren, told the NY Post“We’ve always been avid boaters, so having our yacht across the street was super convenient.”

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