British tech billionaire Mike Lynch confirmed dead after yacht sinking

He was recently acquitted of 15 counts of fraud in the US.

Updated 22 August 2024 at 8:18 am·1-min read

UK tech entrepreneur Mike Lynch, 59, has been confirmed dead after multiple days of search and rescue efforts, multiple news agencies report. The 183-foot super-yacht, Bayesian, capsized off the coast of Sicily around 5 AM local time on Monday morning during a violent storm. Lynch was one of 22 individuals on board, including passengers and crew, with 15 individuals rescued and one body found immediately following the events. Five more bodies, including Lynch's, have since been recovered. At this time, his daughter is the only person still missing, Reuters reports, citing sources close to the rescue operation.

Lynch co-founded tech companies Autonomy and Darktrace and founded venture capital firm Invoke Capital. Following the $11 billion sale of Autonomy to Hewlett-Packard, Lynch has spent the past decade-plus engulfed in a legal battle over allegations of inflating sales and misleading HP. A San Francisco jury acquitted him in June of all 15 counts of fraud.

The yacht excursion was meant to celebrate Lynch's recent victory, with family, friends, and business associates joining him. Other members of the deceased include the yacht's chef, Neda and Chris Morvillo, a Clifford Chance lawyer who represented Lynch and Judy and Jonathan Bloomer, a non-executive chairman of Morgan Stanley International. Angela Bacares, Lynch's wife, escaped the wreckage and is safe.

Lynch's co-defendant, Stephen Chamberlain, 52, also faced tragedy this week. The BBC reports he was hit by a car on Saturday, August 17, while out running in Cambridgeshire, England, and died from his injuries.

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