Billionaire to Give Most of His Fortune to Save the Ocean from Plastic

Billionaire to Give Most of His Fortune to Save the Ocean from PlasticKjell Inge Røkke, a Norwegian billionaire, one of the richest men in his country, and previously known as “a ruthless corporate raider” is giving away $2.7 billion of his fortune to build a mega-yacht that will help clean plastic from our oceans.

Røkke made his billions in off-shore drilling and shipping companies, but now he wants to clean up the plastic that is choking marine life and making our oceans a sea of death.

He wants to build a 596-foot vessel, called the REV, that will clean 5 tons of plastic trash daily from waters and then melt it down , Norway’s Aftenposten newspaper reported.

It would be large enough to travel around the world to make autonomous expeditions gathering trash and measuring the ocean’s health.

Røkke states“The oceans are also under greater pressure than ever before from overfishing, coastal pollution, habitat destruction, climate change and ocean acidification, and one of the most pressing challenges of all, plasticization of the ocean. The need for knowledge and solutions is pressing.”

Boyan Slat, the 22-year-old who has his own Ocean Cleanup Project planned to launch in 2018, has determined the state of our oceans with his expeditions. The Arctic Ocean, for example, is a dead end for billions of pieces of plastic trash.

More than five trillion pieces of plastic are already in the oceans, and by 2050 there will be more plastic in the sea than fish, by weight, according to the Ellen MacArthur Foundation.

The plastic trash affects animals big and small.

Billionaire to Give Most of His Fortune to Save the Ocean from Plastic 1
Ilya Naymushin / Reuters

In his humbler days the billionaire was a fisherman. He says that the oceans have given him and society so much, it was time to give something back, and give he is – considering that the cost of the vessel would be the bulk of his net worth, estimated to be around $2.7 billion.

Business Insider reports that the yacht could carry 60 scientists and 40 crew. It would sometimes be used by Røkke and his family as well as  possibly carry as many as 36 guests and a crew of 54 — a model that will allow him to generate extra funding for further oceanic research.

The REV would also become the largest yacht in the world by gross tonnage at 16,000GT, overtaking Alisher Usmanov’s Dilbar by 100GT according to the project’s website.

“The REV will be a platform for gathering knowledge,” Røkke told Business Insider. “I would like to welcome researchers, environmental groups, and other institutions on board, to acquire new skills to evolve innovative solutions to address challenges and opportunities connected to the seas.”

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