Wild Oats XI owner Bob Oatley surrounded by his crew after taking line honours at the Sydney to Hobart yacht race at Constitution Dock in Hobart, Sunday, Dec. 28, 2014.
Wild Oats XI owner Bob Oatley surrounded by his crew after taking line honours at the Sydney to Hobart yacht race at Constitution Dock in Hobart, Sunday, Dec. 28, 2014. AAP Image - Heath Holden

Bob Oatley, Wild Oats XI owner, has died aged 87

BUSINESSMAN, winemaker and yachtsman Bob Oatley has died of illness, aged 87.

Mr Oatley was the owner of Wild Oats XI and died on Sunday morning, according to sources close the family.

Wild Oates XI won the iconic Sydney-to-Hobart race for the eighth time in 10 years in 2014, but tragically had to pull out of the Boxing Day race due to damage to the mainsail caused by bad weather.

Forbes magazine last year estimated his net worth to be $910 million, while he was listed at number 49 on last year's BRW Rich List, with an estimated wealth of $1 billion.

While yachting is where he made his name, it was in wine that he made his fortune, via the Rosemount Estates wine company. The multi-millionaire entrepreneur founded Rosemount Estate winery in 1969 and expanded it as a private company over three decades

Read more at Brisbanetimes.com.au



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