• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight

1

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war

2

FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’

3

Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
PoliticsItaly

Trump’s billionaire envoy to Italy is on a ‘coastal diplomacy’ tour with his super yacht, but it’s enraging people in Venice. ‘It’s gross’

By
Colleen Barry
Colleen Barry
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Colleen Barry
Colleen Barry
and
The Associated Press
The Associated Press
Down Arrow Button Icon
July 18, 2026, 4:54 PM ET
U.S. Ambassador Tilman Fertitta's super yacht is docked as part of "Freedom 250 Coastal Diplomacy" tour, as protest by activists is expected this afternoon, in Venice, Friday, July 17, 2026.
U.S. Ambassador Tilman Fertitta's super yacht is docked as part of "Freedom 250 Coastal Diplomacy" tour, as protest by activists is expected this afternoon, in Venice, Friday, July 17, 2026.AP Photo/Luca Bruno
Add Fortune on Google for similar content.

Several hundred protesters marched Friday against the arrival in Venice of the billionaire American ambassador’s luxury yacht, briefly clashing with riot police as they neared the vessel.

Recommended Video

Activists described hospitality mogul Tilman Fertitta’s arrival as an unwelcome display of American wealth and influence at a time when many Italians see the Trump administration upending the post-World War II international order.

Protesters clash with police, shouting ’Shame!”

They marched carrying inflatable water toys and beach balls behind a sign reading: “Venezia non si USA,” a play on words meaning “Venice is not to be used,” with the USA acronym capitalized.

Protesters raised their arms to show they were peaceful as they reached a double line of riot police blocking access to the super yacht, but police pushed back with their shields when the demonstrators refused to stop. Inflatable toys flew through the air. After the clash, protesters yelled “Shame!” at the ambassador, the mayor and the police.

Coastal diplomacy aboard a super yacht

Fertitta arrived in Venice earlier Friday, mooring in St. Mark’s Basin as part of a coastal diplomacy tour marking the 250th anniversary of American independence. Police boats were stationed around his yacht, which dwarfed buildings along the banks of the lagoon, and a heavy police presence accompanied the demonstrators, who carried signs reading “Make America Read Again” and “Oligarch in saor,” a reference to a Venetian specialty with sardines.

The so-called Coastal Diplomacy 250 tour of 13 Italian coastal regions on a super yacht is intended to celebrate “our shared history, our economic partnership, and the cultural bonds that make the U.S.-Italy relationship so special,” Fertitta said in a social media post.

Fertitta declined a request for an interview to discuss the tour and the planned protest, but he issued a short statement supporting the right to protest.

“I like Italians, we Americans respect freedom of speech and the right to peaceful protest; Coastal Diplomacy celebrates our nation’s founding and these fundamental rights,” Fertitta said in the statement, adding that the tour has “been an amazing way for me to meet Italians from all walks of life and to celebrate 250 years of U.S. independence and decades of friendship with Italy.”

Venice regroups against oligarchs

In Venice, many of the same groups that protested the wedding last year of Jeff Bezos to Lauren Sanchez mobilized against Fertitta’s arrival aboard the 117-meter (384-foot) luxury yacht, Boardwalk, which features two helipads, a pair of swimming pools and a fully equipped spa and gym.

On July 4, protest organizers unfurled a banner as long as Fertitta’s yacht to illustrate what the protesters called “the dimensions of his arrogance.”

“It’s arrogant to think he can do what he wants in a city that is ever more sold to the single culture of tourism,’’ organizer Stella Morion told The Associated Press. She said protesters are also opposed to President Donald Trump’s international politics, including U.S. strikes on Iran, which she said have prompted a spike in energy prices.

“It is the umpteenth slap in the face of a city and all of the people in Venice who struggle to reach the end of the month due to an increase in prices caused by Trump’s war,” she said.

Protesters were taken aback by the sight of the yacht, which at six stories was taller than neighboring buildings. “It’s gross,” said activist Tommaso Cacciari.

Emanuele Lepore, another activist, said the presence of the towering yacht provoked in him “first and foremost rage” after a long fight to ban cruise ships from the Giudecca Canal and historic center.

“To see such a big ship be able to stay in the lagoon of Venice is a shame,” Lepore said. “The message is rather clear: For the new oligarchs to be able to travel around and normalize war and fascism, there must be local oligarchs.”

A hospitality mogul with Italian roots

The billionaire owner of Fertitta Entertainment was sworn in as ambassador to Italy in 2025. He made his fortune in the hospitality industry, including restaurants, hotels and casinos. He also owns the NBA’s Houston Rockets. His official biography puts his net worth at $11.3 billion, and notes that Forbes ranks him among the 100 wealthiest Americans.

Details of who Fertitta will meet while in Venice have not been released, but he is expected to attend the famed Redentore festival on Saturday, which commemorates the end of the plague in 1576 culminating with celebratory fireworks over St. Mark’s Basin.

He has already stopped over in the Sicilian port town of Cefalu, where his family’s roots trace back to 1566, and met with the governor in Palermo. Other stops have included the Calabrian port of Le Castella and he sailed along the coast of Puglia and up the Adriatic coastline en route to Venice.

Political analyst Giovanni Orsina said that the image of an ambassador sailing the Italian coast in an act of diplomacy “is pretty novel.”

“Certainly an ambassador using his own resources and his own yacht to make this kind of traveling diplomacy as far as I know is pretty unusual. It can be perceived negatively, on the one hand, but it also can be taken as a sign of attention toward the country,″ said Orsina, who is head of the political science department at Rome’s Luiss University.

Fertitta’s tenure includes navigating a cooling in the once warm relationship between Italian Premier Giorgia Meloni and Trump, who has made a series of social media attacks against her. Meloni, who was once seen as a close political ally in Europe with similar views on such issues as immigration, did not attend 250th celebrations at the U.S. Embassy.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter delivers clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Authors
By Colleen Barry
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

Trump’s billionaire envoy to Italy is on a ‘coastal diplomacy’ tour with his super yacht, but it’s enraging people in Venice. ‘It’s gross’
PoliticsItaly
Trump’s billionaire envoy to Italy is on a ‘coastal diplomacy’ tour with his super yacht, but it’s enraging people in Venice. ‘It’s gross’
By Colleen Barry and The Associated PressJuly 18, 2026
4 hours ago
t
PoliticsWhite House
Trump monetizing his social media account is ‘odious’ and ‘brazen corruption’ — or an attempt to revive a 70% stock price crash since election
By Bernard Condon and The Associated PressJuly 18, 2026
10 hours ago
bank
BankingBanks
Citizens Bank drops links with private prison companies, citing ‘changed commercial circumstances’
By Ken Sweet and The Associated PressJuly 18, 2026
11 hours ago
Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history
PoliticsDonald Trump
Trump, Iran and Jimmy Carter — experts think it’s ‘dawning on him’ that he should have paid closer attention to history
By Will Weissert and The Associated PressJuly 18, 2026
11 hours ago
time
CommentaryDaylight Saving Time
It’s time to dump time zones
By Steve H. HankeJuly 18, 2026
11 hours ago
pt
PoliticsReligion
Peter Thiel just gave the public its closest look yet at his ‘Antichrist’ theory—and it’s a tech and climate regulator
By Nick LichtenbergJuly 18, 2026
15 hours ago

Most Popular

U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
Economy
U.S. companies have finally gotten $71 billion in tariff refunds, but they’re using it to offset inflation caused by the Iran war
By Sasha RogelbergJuly 17, 2026
2 days ago
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
C-Suite
FedEx CEO says we are in the middle of the biggest supply chain shift he’s seen in 35 years: ‘We are the referendum’
By Fortune EditorsJuly 15, 2026
3 days ago
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
Middle East
Iran just crossed Trump's red line for resuming all-out war as fighting continues to escalate with no end in sight
By Jason MaJuly 18, 2026
5 hours ago
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
Commentary
Indeed chief economist: Aging Baby Boomers are America's real labor problem, not AI
By Svenja GudellJuly 18, 2026
16 hours ago
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
Law
Kevin O’Leary claimed opposition to his Utah data center was fueled by Chinese money. Now he and Fox News are being sued for defamation
By Marco Quiroz-GutierrezJuly 17, 2026
2 days ago
Peter Thiel just gave the public its closest look yet at his 'Antichrist' theory—and it's a tech and climate regulator
Politics
Peter Thiel just gave the public its closest look yet at his 'Antichrist' theory—and it's a tech and climate regulator
By Nick LichtenbergJuly 18, 2026
15 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.