Australian business tycoon Paul McDonald has been compared to Sir Richard Branson, the high-flying British entrepreneur famous for a variety of stunts including private space flights. So when Mr. McDonald took his 34-metre yacht, Fortrus, through the Northwest Passage recently, there were bound to be eventful moments. And there were – such as jet skiing around icebergs, skinny dipping near Greenland and close encounters with polar bears.

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