Carl Icahn sells his yacht -- why?

You think you got problems just because your 401(k) has been reduced to a coupon for 50 cents off a box of Tic-Tacs? Some people out there are really suffering. With shares of Icahn Enterprises (NYSE: IEP) down about 75% this year, Carl Icahn is selling his 177-foot yacht, Starfire, for $37.5 million.

Icahn has made a fortune on ImClone, but has had a long string of losses of late: WCI Communities, Yahoo (NASDAQ: YHOO), Blockbuster (NYSE: BBI) and Motorola (NYSE: MOT), among others.

According to the Post, "The ship, which requires a staff of 12 to run, comes with a helicopter pad, jacuzzi, gym, personal chef, and high-speed wireless Internet access so Icahn can keep up with his deals while still living the good life. The floating palace probably costs between $2.5 million and $3.0 million a year to operate."

The broker handling the sale of the yacht told The New York Post that Icahn is selling because he's hoping to buy a bigger yacht, it's hard to know whether to believe that: if Carl Icahn's broker told the media that he was having financial issues, he probably wouldn't be Icahn's broker for long. This would seem like a strange time to upgrade given that Icahn's net worth has suffered, and he seems to be spending most his time on the warpath for corporate governance reform.