People

By Guy D. Garcia

What boasts six staterooms, quilted leather ceilings, a steam room, a screening room, 14 bathrooms, two Harley-Davidson motorcycles, two racing boats and, oh yes, a helicopter? (No peeking at the picture.) The answer, from the ever grand Malcolm Forbes, is a brand-new yacht he discreetly describes as "dramatically restrained, in quiet taste, nothing opulent." At least not for someone who collects million-dollar Faberge eggs for fun. Last week 107 guests, including Secretary of State George Shultz and Chief Justice Warren Burger, came aboard to admire the $5 million, 151-ft. three-decker at the Forbes magazine tycoon's annual boat bash in Washington. The fifth Highlander (No. 4 was put up for sale in January) can cruise at 14 1/2 knots for up to 4,000 miles, but the New York-based vessel will be used almost exclusively for in-harbor excursions. "It's such a delightful facet of doing business," fizzes the energized owner, "despite the fact that yachts are not deductible as a business expense." For Forbes, living well is the best rev.