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Fortune
Fortune
Sasha Rogelberg

A $500 million superyacht linked with Russia’s richest man was just able to pass through the blockaded Strait of Hormuz

Alexei Mordashov looks forward and smiles. (Credit: Mikhail Svetlov—Getty Images)

Though the Strait of Hormuz has been effectively closed as the war in Iran enters its ninth week, that hasn’t stopped one of the world’s largest luxury superyachts from gaining passage through the chokepoint.

The Nord, a 464-foot vessel tied to Russian businessman Alexei Mordashov, left Port Rashid in Dubai on Friday and sailed through the Hormuz Strait over the weekend before it was anchored in Oman on Sunday, according to data from maritime traffic tracking databases VesselFinder and Kpler. The ship is associated with Mordashov, a Russian billionaire and owner of steel magnate Severstal, with shipping records showing Mordashov’s wife Marina Mordashova, owning the vessel for a brief window in 2022. Mordashov is Russia’s wealthiest person, with a net worth of about $37 billion, according to Forbes.

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