hap fauth net worth hap fauth net worth

But as a private, nobody knows how deep our pockets are.. Hap talks with Bill about what makes Key West a great regatta . Where more than one name is listed under a number, there is a tie. April 17, 2017. He has built something now that is bigger and stronger than the sum of its parts.". Learn how your comment data is processed. He has created seven debt and equity partnership funds, investing money for institutions and wealthy individuals. "We belonged to local yacht club, though neither of my parents were sailors ? Following the name is theplace of residence and estimated net worth in dollars. We got really into it and we got quite good at the racing.. He began racing at the age of 7, when his father dropped his golf game to spearhead a youth racing team and committee at Babylon Yacht Club in West Islip, New York. HOMETOWN: Auckland, New Zealand. Its about efficiency and durability. The race takes place against prevailing winds and currents, and advance training is mandatory. Fauth relished the opportunity to start his own operation. [email protected] The typical American household has a net worth of about $97,300. Aside from running the major private investment group The Churchill Companies the 73-year-old is also team principal and CEO. Portrait photography by Michael Caronchi. The team's operational base is in Rhode Island, USA, with a winter base in Florida, USA. HOMETOWN: Belgium, Happy Birthday, Ado Stead! #bellamenteracing2022. Hap has been building Bella Mente Racing since 2005 when he purchased the first of the three racing yachts that have been part of the program. In the example, we've denoted them as current net worth (NWc) and past net worth (NWp). A consistent increase . Faith Hill married on October 06, 1996. REUTERS. Since 2005, at the helm of three successive yachts named Bella Mente, Fauth and his team have reached the top of the podium in numerous distance and buoy races at venues in North America, Europe and the Caribbean. The phone number (612) 802-3487 is also used by Forrest G Fauth, John Fauth, Geren Fauth. Phone: 239-213-5329, The Journal Defiant became the first AC75 to sail and foil in September 2019. From there, he moved to big boat racing and started sailing with Bella Mente in 2011. With four years between each Americas Cup (AC) challenge, Fauth had been absorbed with fundraising for the multimillion-dollar endeavor, including the specifics of the teams foiling monohull design called the AC75 and the cliffhanging competition at multiple tiers that boils down to mere seconds. Im obviously passionate about it. He has been a part of Bella Mente Racing since 2010. Phone: 239-263-4842, Marco Eagle Terrys the tactician. Tomorrow's Anniversary. Learn Anything Online Start Building Your Real Estate Empire Here. Execution is what its all about. . You have to have a good plan that makes economic sense and the flexibility within the plan to deal with unforeseen problems. Richard matriculated from Richard J. Reynolds High School, and afterwards attended Wake Forest University, completing his degree in Communications in 1978. He has bought, started and sold companies. The New York Yacht Club's challenge for the America's Cup will be led by two of the . Everybody understands how it all works on Bella Mente. The Churchill Companies is a privately held investment firm with a diversified portfolio of operating companies. Churchill was originally organized as an investment banking company specializing in private placements and corporate and public finance. Fauth, 75, grew up on the waters of New Yorks Great South Bay between Long Island and Fire Island. 10:46, Oct 06 2017. Six guests fit comfortably in three sumptuous en suite cabins, and five crew members take care of the rest. The bottom 50% includes 64.3 million families, with 13.4 million of these families having a negative net worth. He also supplies the running rigging for a number of other racing campaigns, including Quantum Racing, through his company T-E-C. In the Know: When do U.S. Posted by: a polygraph typically monitors all of the following except: . Associates and friends say Fauth has succeeded because he has superb instincts, hires bright people and listens to their advice. The bottom 50% own just 1% of the wealth in the U.S. and have a median net worth less than $122,000. With his team, Hap has raced throughout the U.S. and all around Europe. For Fauth, sailing has always been about interpreting the majestic nature of water. John Hap Fauth is founder and chairman of a diverse conglomerate of holdings called the Churchill Companies, which are involved in everything from managing more than $1.2 billion in investor funds to manufacturing and distributing parts for tractors and planes. In addition, he has represented Great Britain in the Americas Cup and in Admirals Cups. In many ways we operate in the same way as a NASCAR team does.. "We have the right team in place to achieve extraordinary and historic success." Four or five boats go out to a destination and sometimes members double up, he says. A lot of that wealth comes from retirement accounts (like a 401(k) and IRA) and home equity (or how much of your home you actually own). His mother, a devout Catholic and a big fan of the Jesuits and their educational philosophy, suggested he also look at Georgetown University. The New York Yacht Club's challenge for the America's Cup will be led by two of the most successful American yachtsmen of the last decade. "Building Quantum Racing from scratch into a program synonymous with hard work, team spirit and success has been tremendously satisfying, and I'm eager to take everything we've learned there and apply it toward sailing's ultimate test," DeVos said. 51.5 million families are in this group. Median net worth . To top it all, he sailed on a maxi catamaran to finish second in The Race, a non-stop race around the world, and sailed with Bella Mentes tactician Terry Hutchinson in 2011/2012 to become the AC 45 World Series Match Racing champion. Net worth totals vary by education, age, income and other factors. It's a ?beautiful feeling.'". Now aged 71 and the head of a successful business empire, Fauth remains as . I felt we could build a high quality, reasonably priced business for Citicorp. Learn how the Naples Daily News may be able to support your community event , The Banner They have a proud tradition to honour with the NYYC holding the America's Cup from 1851 to 1983, known asa the longest winning streak in sport. So, too, said Fauth's fellow yachtsmen, is the experience of sailing with their captain, who chairs the board of advisors for Georgetown University's Graduate School of Business Administration. read more (market . "From there, he expects performance and 100 percent commitment to the Bella Mente cause. The first step is to calculate the net worth of the individual at the start and end of the period. His offshore successes include winning the Fastnet Race overall three times and breaking the 24-hour distance record aboard Comanche (which still stands). #searchbrowse-right {width:45%; float:left; margin: 0 2%; background: transparent;} He grew up sailing off the Spanish island of Palma Mallorca. After racing 600 nautical miles around 11 Caribbean islands, the team crossed the finish line in Antigua on Feb. 25. The plan was for Patriot to undertake the final Americas Cup challenge against New Zealand, if all went well. His father was senior quality control manager of the Grumman Aerospace Corporation in Bethpage, L. I. "Sailing is much like the pursuit of wisdom," he said. Racing on this circuit is not an inexpensive endeavour, he comments. Every year, the Naples Daily News receives hundreds of applications from community groups requesting publicity for their events or for sponsorship. Faith Hill is not having an affair with anyone presently. John Joseph “Hap” Fauth is the founder, president, and major shareholder of The Churchill Companies. In addition, they spend a lot of time in Minneapolis, Minnesota, where his investment company, The Churchill Companies, is headquartered. Phone: 239-263-4785,

Naples resident and Bella Mente owner Hap Fauth, pictured in center, ninth from the left, is seen with the rest of his crew following their victory in the RORC Caribbean 600. Last March, Fauth, DeVos, and Terry Hutchinson, American Magics skipper and executive director, held a fundraiser at Naples Yacht Club. If you are enjoying the Yacht Racing Life website and/or The Yacht Racing Podcast you can make a donation here. Getting to Auckland was a massive logistical operation. My mission is to create value for the people who work at Churchill, for our investors and for the larger community, he said. Builder: Holland Jachtbouw. After serving his time in Thistles, in his late teens Fauth graduated to bigger offshore boats, sailing with the likes of the Bill Ziegler on his 49-foot yacht Gem. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. You have to know how to manage them.. From 80 years of age and forward, the average net worth is $973,141 and the median is $235,193. The Right Men For the Job Total Liabilities = Accounts Payable + Other Current Liabilities + Deferred Revenue + Commercial Paper + Term Debt + Other Non-Current Liabilities. hap fauth net worth June 16, 2022 . He also held the TransAtlantic record with Mari Cha before that and is a Transpac and Sydney Hobart winner, holding current records in both of those races, also with Comanche. This is what we know about Jimmy Jazz net worth based on a recent study by Forbes and business insiders: It's around more than a couple of million USD. He served on the School of Law Board of Governors in 2001-2002.. His inshore successes include winning the Maxi 72 World Championship six times and the TP52 World Championship twice. During his tenure as dean, Almeida has focused on leveraging the . HOMETOWN: Newport, R.I. / Alpena, Mich. Terry joined Bella Mente Racing in 2013. Hap has a sixth sense on risk assessment, said Joe Kohler, long-time general counsel at Churchill and an acquaintance for 30 years. We are pioneers in CVAFS products for measurement of ultra-trace mercury levels. Crew boss Mike Sanderson and navigator Ian Moore echoed those sentiments. "Hap" Fauth and his international team aboard "Bella Mente," a Maxi 72-class yacht, recently took home second place in their class at Le Voiles de St. Barth. #searchlist h2 a:hover {color:#222; border-bottom: 1px dotted #222;} That impressive showing followed up a win during Key West Race Week in January and another gold at the RORC Caribbean 600, where Fauth's team also reigned supreme in its class and was "first to finish" in the 600-mile race. Launched in September of 2018, the current Bella Mente is a Maxi 72 designed by Botin Partners in Spain and built by New England Boatworks in Rhode Island. The original Bella Mente Racing campaign kicked off in 2006 with Key West Race Week, and since then owner and skipper Hap Fauth has had three additional racing yachts in the program. They are not boom or bust, they are not volatile and they dont fall out of bed when a 9/11 happens. For DeVos, sailing is a family tradition that started with his father Richard, the co-founder of Amway. Haps not one of them., His best friend and college roommate, Donn Dolce, points to Fauths ability to focus as his greatest strength, whether its buying a business, sailing on the Atlantic Ocean or playing tennis. Julien was born in France. For the third and current Bella Mente, Fauth turned to Judel/Vrolijk with the exacting brief to design him an uber-boat that was both good offshore and around the buoys. Over the years Fauth has assembled a squad of professional sailors large enough to mount two Volvo Ocean Race campaigns simultaneously. They've even been known to accompany owners on major expeditions, such as when Wilson took Rob Johnson's 88-foot Shaman to the Antarctic. If we went public, everybody would know how much cash we have. John (Hap) Fauth and St. Thomas Joined the board of trustees in 2002 and is a member of the Investment and Audit/Finance committees. In addition, Trevor has competed in adventure races such as the Tybee 500 and won the Race to Alaska in 2017. John Hap Fauth overall profits are growing every day, and he is also becoming more popular. Seven families with strong Minnesota ties are among the richest dynasties in America, as ranked by Forbes.. Despite his relaxed demeanor, hes a razor-sharp powerhouse in the international yacht-racing community. Launched in September of 2018, the current Bella Mente is a Maxi 72 designed by Botin Partners in Spain and built by New England Boatworks in Rhode Island. Outside of that, Terry has racked up many major regatta victories in a variety of classes, including five more World Championships, five more North American Championships, six National Championships and six Match Racing Championships. I kind of got the bug again and one time when we were over in Saint Tropez putzing around on a beautiful day I saw Sotto Voce [a Dutch owned Judel/Vrolijk 62] and fell in love with it. I have a job. Total Liabilities = $55.9 Bn + $32.7 Bn + $10.3 Bn + $12.0 Bn + $102.5 Bn + $45.2 Bn. Hap Fauth fell in love with sailboat racing at the tender age of seven on the waters of Great South Bay off Long Island. Its competitive as hell.. I built the sailing team the same way I built my companies. Fauth says he remembers his early competitive sailing days fondly. Respect is the main ingredient in that I treat everyone well and there are no stars on the boat. Meanwhile, we went up the rhumb line and got there first. " Believes St. Thomas needs to aggressively build its financial aid endowment in order "to reach out to the brightest and the most needy. American Magic worked closely with dignitaries and through official channels after New Zealand closed its borders in the wake of COVID-19. Peter Wilson and Nigel Ingram of MCM took Fauth's instructions and assembled a team that made his vision a reality--and did so on-budget. The exhilarating, unforgiving and, sometimes, utterly heartbreaking nature of sailing at the highest level was on full display, the American Magic team stated after the loss., Syndicates represent clubs, not boat owners or captains. HOMETOWN: Bursledon, UK. The use of the net worth method is demonstrated in the figure below. As one of three vessels in his fleet, it turns out Fauth's main sailing yacht also has an interesting story behind its name. But there's still a tremendous amount of work to do over the next three-plus years. A new Maxi 72 can cost up to five million dollars and according to Fauth annual running costs on sails, transportation, accommodation and crew wages adding up to roughly the same again. Youre having to think and perform at three different levels, at least.. Thirty-seven shipping containers served as a mini village to cover a variety of purposes: a press room, kitchen to feed 100 people three meals a day, and an electronic simulator for the sailors to practice. Bezos is worth $95 billion, Gates is worth $90 billion and Buffett is worth $79 billion, according to Forbes' real-time estimates on Thursday. A Naples sailor is making waves at the highest level of his sport. For more information, see www.bellamenteracing.com. When I went to work for City Corp after college I stopped sailing. #searchlist h2 {font-family:'Myriad W01 SmBd', sans-serif; color: #616161; font-size: 0.81255em; /* 13/16 */ line-height: 1.1em; text-transform: uppercase;} #cheerswith nounat #bel, Another year around the for Skip Baxter - H, Happy Birthday to our hardworking Ollie Dickens! Fauth has extensive experience in high-level races with his own custom racing sailing yachts, including his Bella Mente Maxi 72, which took first place in the New York Yacht Club 2020 Queens Cup in September. From the average net worth, as compared to the median net worth, for each age group, it's apparent that the median net worth may be a more standardizing financial metric to use to analyze net worth by age in the U.S. How, for example does Fauth manage the egos of 19 of the worlds best paid sailors together on one boat? There are many factors at play, including the value of the house and whether or not an owner can . Affordable Michigan health insurance plans for individuals, families, employer groups and Medicare and Medicaid members. Tim Wright/Special to the Citizen. The 2015 campaign with the team was especially exciting for Ollie, as they spent a large portion of the year racing in his home waters of the Solent. A lot of executives have a difficult time making decisions. The crew was okay and the vessel was repaired and returned to the racecourse, but it didnt make the cut. He served on the School of Law Board of Governors in 2001-2002. Became involved at St. Thomas because he appreciates the way it provides a Catholic, ethics-based education "to kids who otherwise might no have a chance. He liked the school and enrolled there, playing football and majoring in finance. Two years later, he went out on his own by starting an investment bank, and he named it after a man who had long been an inspiration. Fauth left Citicorp in 1980 to become executive vice president and chief operating officer of Waterways Transportation, a Minneapolis-based barge operation that moved products such as grain, coal and salt. Born in Mineola, N.Y., on Long Island, Fauths father was an aeronautical engineer and his mother was an educator who inadvertently helped to give him a lifelong nickname as a toddler celebrating his second birthday. charter in the Caribbean this winter at $60,000 a week, plus expenses. "For this cycle, a lot of elements have come together in the correct way for the club to enter another challenge. March 2, 2021. I'm excited to get started.". The venerable yacht club held the Cup for 132 years, says Fauth. Two youths arrested, charged with murder in relation to fatal Auckland assault, Owner denies boarded up caf closed because of wage arrears: Vows to re-open, Quiz: Afternoon trivia challenge: March 4, 2023, Be warned: mistakes on census forms can't be corrected or updated, Christchurch council wants super city, warning NZ has reached 'peak rates', 'We can be proud': Crusaders wanted to win for grieving Scott Robertson, The basement office at the centre of a charity boss's downfall, Recap: Moana Pasifika vs Chiefs - Super Rugby Pacific, British aristocrat and Florida convict who ran away together are charged in baby's death. An America's Cup challenge is a natural evolution for the program. Hear the latest economic, business and market news, as well as global, national, and local news. Armchair adventurers with about nine months to spare starting in July 2008 can sail as crew in the Global Challenge--29,000 miles on 12 identical yachts. What did we learn today? According to a recent analysis o and the business insiders, we have got that the estimated net worth of John Hap Fauth is more than a couple of million. Port Royal resident John Hap Fauth was a gale force behind the United States only team of Americas Cup contenders. These are the top 100 richest people in the world. I did that for years, then was captain of my sailing team at Georgetown University. Over the years, Minnesota financier Hap Fauth prepared for the day he'd commission his own boat by penning hundreds of notes to himself on what he'd like to see in a megayacht--including, for instance, his favorite angle for a chair back. When the time came for Hap Fauth to build Whisper, he needed a project manager with exceptional experience and connections in the world of fine-yacht construction. Vous tes ici : churro cart rental bay area; circuit courts are also known as; hap fauth net worth . June 29, 2022. The venerable yacht club held the Cup for 132 years, says Fauth. From his first experience aboard dinghies in the Great South Bay of Long Island at age seven to becoming a three-time world champion in competitive yacht . The American Magic syndicate totaled 145 paid team members, Fauth says, including 40 designers, 40 boatbuilders, and up to 25 sailors, with backups for onboard crewmembers, coaching staff, and ground crew. I grew on the Great South Bay, Long Island thats the body of water between Long Island and Fire Island and I raced there from the time I was seven. Meanwhile he was sailing every chance he got. ul.searchbrowse {font-family:'Myriad W01 Regular', sans-serif; color: #676767; margin:0; text-transform: capitalize;} For John "Hap" Fauth, a long-time seasonal resident of Naples, sailing has been a lifelong love. Fauth eventually returned to yacht racing in 2003 with the launch of Whisper a 120-foot Hood/Fontaine designed superyacht in Amsterdam. He was a native of the Great South Bay area of the Long Island region. He needed Marine Construction Management. Family And Early Life. Churchill was founded in 1982 by John Hap Fauth, President and major shareholder. Naval Architect: Ted Hood. These days, Doug can often be found sailing with his son and daughters, passing along the passion and skill he absorbed from his father. If we make a mistake, its all about recovery. The only racing I did was ice boat sailing on the lakes in the winter.. Indeed, it seems Fauth has loved almost everything from the beginning, which he said accounts for his joyful nickname. Pieter grew up sailing with his parents in the Netherlands and turned his passion into a career, working with a number of successful racing campaigns, in a number of different positions onboard. Crew members aboard Bella Mente, skippered by Hap Fauth of Minneapolis, trim their sails during a race in Florida. The data for WHISPER is taken from BOATPro, the world's leading market intelligence platform, which delivers real-time, accurate and reliable superyacht data. He has sailed with America One (2000), Stars and Stipes (2003) and Team New Zealand in 2007 as well as being part of Swedish syndicate Artemis Racing in the leadup to San Francisco (2013). The original Bella Mente Racing campaign kicked off in 2006 with Key West Race Week, and since then owner and skipper Hap Fauth has had three additional racing yachts in the program. Elysa Delcorto John J. John "Hap" Fauth is a familiar face who casually pedals around Port Royal, hits the links at the Hole-in-the-Wall Golf Club, and dines at the Naples Yacht Club. It is important to find the opening and closing net worth using the same asset value . I would say it was my first major victory in the Bella Mente family and an outstanding race for all of us on board. Some housed workshops for sail making, metal machining, and carbon-fiber repairs. 2019 Ted Fund Donors Now aged 71 and the head of a successful business empire, Fauth remains as captivated by the sport as he ever was. Total Liabilities = $258.6 Bn. Profile: Maxi 70 skipper Hap Fauth. In 2008, after showcasing his talent as tactician for Emirates Team New Zealand, Terry was named Rolex Yachtsman of the Year for his successful transition to fleet racing. .searchbrowse-wrap {width:100%; margin: 0 0 10%; padding: 0 0 5% 0; border-bottom: 1px #e5e5e5 solid;} Everybody believed that thered be a strong southeaster coming in and the fleet would come into Bermuda on this breeze. When hes not on the water, Pieter also enjoys mountain biking and skiing. Hometown: Marblehead, USA. Undoubtedly Fauth could afford to spend his money on any number of alternative recreational activities but he says only yacht racing really lights his fire. Two persons, including Hap Fauth, Ruth A Rundblade, listed the phone number (612) 673-6702 as their own, various documents indicated. I like the name and the whole association with it.. The trimmers and everyone else all do their job.. Four of Minnesota's five billionaires saw their net worths drop by hundreds of millions of dollars in Forbes' annual list. View Geren Fauth results including current phone number, address, relatives, background check report, and property record with Whitepages. I love to practice and so we probably do more of that than anybody out there. DeVos and the Quantum Racing program have set the standard for excellence on the 52 Super Series circuit, and its predecessor, the MedCup, with overall series wins in 2008, 2011, 2013, 2014 and 2016. He prides himself on researching investment opportunities and making careful decisions on whats best for his company and the investors he represents. The lifelong sailor tells Grace Trofa he finds pleasure in building fast, innovative boats. Pirate has been racing with Bella Mente Racing since 2008 and took the role of boat captain in 2009. hbspt.forms.create({ He graduated from the University of Rhode Island where he was captain of his keelboat sailing team in 1998, and he took first place at the Kennedy Cup and third place at the College Sailing World Cup. Moose is a two-time winner of the Volvo Ocean Race who has held numerous World Records. "He understands how to get the best out of his team, he shares the glory in victory, and he is determined to right the wrongs and work it out as team when things don't go right. Bella Mente, with Hap Fauth at the wheel, has been a dominant force in Maxi racing. Bill Gates dominated this list for . ul.searchbrowse li a {color:#676767; text-decoration:none; } Peter is a five-time Yngling North American Champion and has won multiple championships and events with a number of different teams. Fauth is a three-time world champion in the Maxi72 class. The dynamics of sailing is a three-dimensional chess game. I kept asking them, Dont you think we should go in the tank to verify some of your conclusions from this VPP shape that youve come up with? They kept telling me they didnt need to do that, but as it turned out that boat couldnt hold a line worth a damn. She called me Johnny, he recalled, and at my party I said I was Happy, because it was my birthday. #cheerswith nounat #bel, Another year around the for Skip Baxter - H, Happy Birthday to our hardworking Ollie Dickens! We note that Apple's Net worth is $134.05 billion, and that of Amazon is $19.2 billion. Skips first season as part of Bella Mente Racing was 2015. Hes not afraid to take risks but not unreasonable risks. Hap Fauth fell in love with sailboat racing at the tender age of seven on the waters of Great South Bay off Long Island. "I have been sailing professionally for 20 years, and in all my time I have never come across a race boat owner like Hap Fauth," Sanderson said. Youll be talking to him, Dolce said, and his face will tighten up and his eyebrows will become furled hes concentrating on whats at hand. The rich don't always get richer. Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. He began racing at the age of 7, when his father dropped his golf game to spearhead a youth racing team and committee at Babylon Yacht Club in West Islip, New York. how to get access token in rest assured; worcester telegram obituaries; venezuela shoe size conversion; dallas cowboys individual suite tickets And when we say own, we include assets that you may still be paying for, such as a car or a house . Paul Phillips Training Tower Dedication Ceremony, Photos: Cinco de Mayo at Miromar Outlets in Estero, Photos: Pancake Breakfast, Car and Plane Show in Naples, Everglades Wonder Gardens is celebrating its 80th anniversary, Official lighting of the official Christmas Island Style Christmas tree in Marco Island, Snook: A rare seasonal treat that's worth the effort. With a return to a more traditional style of yacht and the windward-leeward courses with which the vast majority of racing sailors are intimately familiar, the 36th America's Cup represents a unique opportunity to re-engage the grass roots of the sport and re-energize American sailing. A successful businessman and entrepreneur who founded investment firm The Churchill Companies in 1982, the Long Island native with a love of birthday cake and ice cream (more on that later) oversees numerous businesses that specialize in everything from agriculture to aerospace. He is an alumnus of Georgetown University. Let us take the example of Apple and Amazon. To calculate your net worth, take inventory of what you own, as well as your outstanding debt. Churchill was founded in 1982 by John "Hap" Fauth, President and major shareholder. In the process of creating value, you look at markets that other people have abandoned, and often you find the diamond in the skeletons eyes.. Fauth was captain of his high school football team, playing halfback and middle linebacker, and the University of South Carolina offered him a scholarship. Calculating net worth is one way to gauge financial health. #searchlist {width:100%; border-bottom: 2px #e5e5e5 solid; margin: 3% 0 5% 0;} He was a member of the US Sailing Team for 7 years in the Nacra 17 and 49er Classes, in which he is a three-time national and two-time North American champion. As any raceboat owner will tell you, this kind of on-board utopia is easy to strive for but hard to achieve. Interior Designer: Winch Design. (401) 849-3387, www.mcmnewport.com. hap fauth net worth. It works out very well because I basically say Im just like everybody else on the boat. Real Name: Tim Schmidt : Nickname: Tim Schmidt happy hippie: Profession: Entrepreneur: Famous for : His Collection of car: Physical Stat. Katherine Rosenberg-Douglas First and foremost is the desire of two great American sailors and businessmen, Hap Fauth and Doug DeVos, to take aim at sailing's ultimate competition. And as he had done in all of his ventures, Fauth manages them well. The original Bella Mente Racing campaign kicked off in 2006 with Key West Race Week, and since then owner and skipper Hap Fauth has had two additional racing yachts in the program. The cost of higher education continues to go up the fact of like could be a limiting element in the next 10 to 15 years.