WHERE: Off the coast of Italy. Perelman and Universal's Meyer, who yachted it up together last year were boat buddies again this year on Perelman’s craft.
STATUS: Perelman did plenty of glamorous hobnobbing stateside in August, too; his annual fundraiser for the Apollo Theater at his East Hampton estate drew guests like Warner Music Group honcho Len Blavatnik and performers like Paul McCartney and Jon Bon Jovi.
WHERE: Borneo. Though not actually on an ostentatious watercraft, this assemblage of moguls certainly earns points for picking the most exotic vacation spot. While the native Dayaks might not engage in the art of headhunting anymore, the area is still home to the oldest rainforest in the world and boasts its very own variety of orangutan.
STATUS: AMC honcho Collier probably wishes there were still a few headhunters hanging around -- they would come in handy during his nasty, protracted carriage dispute with Dish. Mandalay’s Guber, a newly minted owner of the Dodgers, probably wouldn't mind a few of them for his team's lineup, either.
WHERE: Sardinia and St. Tropez
THE BOAT: Unknown -- but if that yacht was a-rockin', you probably didn't want to come a-knockin'. Rihanna welcomed Magic and his wife, Cookie, aboard her vessel off of St. Tropez, but more salacious meet-ups grabbed headlines. Rihanna not only reportedly spent a week with singer Drake in Italy but is said to have also snuck off to party on a boat occupied by her ex-boyfriend and convicted abuser Chris Brown in St. Tropez. (Brown has denied the report.) Way to make waves.
STATUS: Drake and Brown could use the rest and relaxation -- they're both currently facing lawsuits stemming from a brawl at a New York nightclub in June. Ri-Ri, meanwhile, recently returned to dry land for an interview with Oprah Winfrey, during which she weepily told Winfrey that she was primarily concerned about Brown when the news broke that he had savagely assaulted her in February 2009.
WHERE: Capri, Italy
THE BOATS: They rented, and had plenty of options to choose from -- Tom's Platinum Equity firm owns the boat companies Four Winns, Glastron, Wellcraft and Ranger. And while Tom and his brothers -- Paradigm talent agency chairman Sam and The Gores Group founder Alec -- might have chosen the same vacation spot, they opted for separate yachts. (Can you blame them? They probably had to share a bedroom when they were kids.)
STATUS: Sam might as well enjoy the breather while he can -- Paradigm continues to dominate in the music sector, but recently lost such high-profile clients as "Twilight" star Peter Facinelli and Philip Seymour Hoffman (who left shortly before signing on for "Hunger Games" sequel "Catching Fire" -- ouch!).
WHERE: St. Tropez and Nice, France. "Rocket Man" singer John, along with his partner, David Furnish, and numerous other revelers, luxuriated in the South of France. The outing was punctuated by a bit of cheeky behavior, as John mooned a nearby boat that reportedly carried actor Michael Caine. Wow -- the bitch is back! Stallone, meanwhile, was spotted in nearby Nice with his wife, Jennifer Flavin, and their three daughters, as the actor grieves over his son Sage, who died in July at the age of 36.
STATUS: John's mooning skills just might come in handy in his ongoing feud with fellow pop singer Madonna. And despite his personal difficulties, Stallone's recent string of high-octane films -- including the recent "The Expendables 2" and the upcoming "The Tomb" -- prove he could be the toughest action star to qualify for AARP membership.
WHERE: Near London, for the 2012 Olympic games
THE BOATS: The waterways of London were crammed with the vessels of the ultra-rich during the London games. Microsoft chairman Gates' superyacht Gogypus reportedly paid a visit to the Royal Docks in East London, about five miles from Olympic Stadium. His fellow Microsoft co-founder Paul Allen, meanwhile, moored his 414-foot “Octopus” (a steal at $200 million) at South Quay, Canary Wharf, for the games. Russian mogul Abramovich made the Olympics scene with his yacht, the “Eclipse,” which truly lives up to its name -- at 557 feet, it boasts two swimming pools, a disco hall, a junior submarine and its own missile defense system. (Hey, doesn't yours?)
STATUS: Gates' latest investment really stinks -- through his Bill & Melinda Gates Foundation, he recently purchased about 200 liters of fake poop for its "Reinvent the Toilet Fair," which took place Aug. 14-15. (Yes, really.) And Abramovich followed up his Olympics trip by taking yet another yacht of his, the Motor Yacht Luna, to North Vancouver -- because why shouldn't the Canadians be seethingly jealous of his wealth too?
WHERE: London -- and the mysteries of the deep!
THE BOAT: The fun didn't stop for Allen when they wrapped up the London games. The Microsoft co-founder has loaned his boat to the British Royal Navy for an expedition in search of the bell that was on the sunken British battle cruiser HMS Hood.
WHERE: St. Tropez
THE BOAT: "The X Factor" honcho might have broken up with his fiancée Mezhgan Hussainy earlier this year, but don't shed any tears for him -- Cowell has been spending his summer vacation in the south of France, boating with his ex-girlfriend, '80s "So Macho" singer Sinitta. Oh, and a gaggle of other bikini-clad females. It's good to be the king.
STATUS: Cowell will find himself in choppier waters in September, as he tries to redeem "The X Factor" in after the show fell apart following the series' maiden run. Even so, with the kind of company that Cowell's been keeping in St. Tropez, you have to wonder why the guy's so grumpy all the time.
WHERE: We’d be surprised if the Oracle Corporation founder didn’t spend some time at the Hawaiian island of Lanai, which he agreed to purchase in June from Dole Food honcho David Murdoch for an estimated $500 million.
THE BOAT: The 88-meter “Musashi,” which -- fun fact! -- is the sister yacht of fellow mogul Mark Cuban's vessel, “The Fountainhead.” (Apparently, the Dallas Mavericks owner was feeling a bit Rand-y when he christened it.)
STATUS: Ellison's coffers are nothing to sneeze at, but with Oracle recently suffering defeats in legal battles against Hewlett-Packard and Google, the tech legend just might be finding out that no man is an island -- despite what his recent purchase might suggest.
With August temperatures nosing up against the triple digits in L.A. and a still-wobbly economy sending nervous ripples through the entertainment industry, the show-biz elite did what they could to pacify the situation -- they hopped on their boats and sailed far, far away.
From Bill Gates and Paul Allen soaking in the Olympic vibe aboard their monster yachts in London to "The X Factor" honcho Simon Cowell healing his broken heart in St. Tropex amid a gaggle of bikini babes, here’s how the rich and famous have been whiling away their summer. Let’s start with …
Also read: Moguls Found on a Boat (Summer '10 Edition)
Also read: Moguls Found on a Boat! (Summer '09 Edition)