One of the most successful businessmen in the world, Larry Ellison, was among the corporate big hitters and decision-makers who attended the Louis Vuitton America’s Cup World Series Bermuda event.

Mr Ellison was last year listed by Forbes magazine as the fifth wealthiest man in the world. As the founder and executive chairman of Oracle, and the owner of Oracle Team USA, his presence at the event was not unexpected.

Many other high-level business executives were in Bermuda to watch the weekend of racing, and that is likely to help the Island position itself as a favourable destination of choice for future business propositions.

“The America’s Cup World Series event brought many powerful business decision-makers to the Island, including the likes of Larry Ellison,” explained Ross Webber, chief executive officer of the Bermuda Business Development Agency.

“Seeing and experiencing the people, infrastructure and sophistication of Bermuda first-hand is a massive selling point.

“This event provided the impetus to get people physically here. This is a positive business generator — both directly, from individuals who visited the Island, attended the many associated corporate social events, met Bermudians, liked what they saw on the Island — and, indirectly, for those for whom the television coverage will be a catalyst for future visits or inquiries.”

He said the agency is working with the ACBDA legacy team to get the most out of the event “for the benefit of as many Bermudians as possible”.