JR Ridinger’s $51M super yacht sunk gas tanker off the coast of the Bahamas

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Retail tycoon JR Ridinger’s $51M super yacht SINKS gas tanker off the coast of the Bahamas after ramming it and piercing its hull

A yacht belonging to Market America and  Shop.com CEO JR Ridinger collided with a gas tanker off the coast of the Bahamas on Christmas Eve

The 207-foot Utopia IV rammed in to the 160-foot Tropic Breeze tanker, causing it to sink 2,000 feet

The tanker, which was headed toward Great Stirrup Cay, was carrying two Guyanese nationals and several crew; All were rescued by a passing yacht

Due to the depth of the ocean at the location of the sinking – 15 miles NNW of New Providence – officials determined that the tanker cannot be safely salvaged 

It is unclear if Ridinger was onboard the boat at the time of the crash or if he will face any criminal charges