By winning three of the first four races, and placing second in race two, the Soviet pair of Timir Pinegin and Fyodor Shutkov took a big lead, and were never challenged in winning the first Soviet gold medal in yachting. Their boat, the Tornado, had actually been built in Old Greenwich, Connecticut, in the United States. The Star boats raced on the Giallo course, as did the Flying Dutchman class. In fourth place was the Italian boat helmed by Agostino Straulino, who had won this event in 1952 and placed second in 1956, and who had won multiple World and European Championships. In 19th place the helmsman of the Thai boat was Birabongse, Prince Bhanubandh, a Thai prince who also raced Formula One cars.
Pos | Competitor(s) | NOC | Points | | | |
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1 | Tornado | URS | 7,619 | | Gold | |
| Timir Pinegin • Fyodor Shutkov |
2 | Ma'Lindo | POR | 6,665 | | Silver | |
| Mário Quina • José Manuel Quina |
3 | Shrew II | USA | 6,269 | | Bronze | |
| Bill Parks • Bob Halperin |
4 | Merope III | ITA | 6,047 | | | |
| Agostino Straulino • Carlo Rolandi |
5 | Ali-Baba VI | SUI | 5,716 | | | |
| Hans Bryner • Urs-Ulrich Bucher |
6 | Gem VII | BAH | 5,282 | | | |
| Durward Knowles • Sloane Farrington |
7 | Bellatrix IX | GER | 4,745 | | | |
| Bruno Splieth • Eckart Wagner • Karsten Meyer |
8 | Cha-Cha III | YUG | 3,977 | | | |
| Mario Fafangel • Janko Kosmina |
9 | Pimm | BRA | 3,466 | | | |
| Jorge Pontual • Cid Nascimento |
10 | Mari | SWE | 3,216 | | | |
| Sune Carlsson • Per-Olof Karlsson |
11 | Frip IV | FRA | 3,111 | | | |
| Georges Pisani • Noël Desaubliaux |
12 | Olimpia | HUN | 3,063 | | | |
| István Telegdy • István Jutasi |
13 | Vesania | CUB | 2,425 | | | |
| Jorge de Cárdenas • Carlos de Cárdenas Plá |
14 | Bella | FIN | 2,260 | | | |
| Freddy Ehrström • Rolf Zachariassen |
15 | May-Be 1960 | AUT | 2,240 | | | |
| Harald von Musil • Franz Eisl |
16 | Chamukina | MEX | 1,885 | | | |
| Carlos Braniff • Mauricio de la Lama |
17 | Mizar | ARG | 1,747 | | | |
| Roberto Mieres • Víctor Fragola |
18 | Pakaria | AUS | 1,736 | | | |
| Robert French • Jack Downey |
19 | Siames-Cat | THA | 1,614 | | | |
| Birabongse, Prince Bhanubandh • Bumphen Chomvith |
20 | Zefyros | GRE | 1,579 | | | |
| Nikolaos Vlagkalis • Spyros Makridakis |
21 | Espuma del Mar | VEN | 1,485 | | | |
| Daniel Camejo • Peter Camejo |
22 | Pasodoble | ESP | 1,453 | | | |
| José Ocejo • Emilio Gurruchaga |
23 | Scram | CAN | 1,298 | | | |
| Bill Burgess • Bill West |
24 | Twinkle | GBR | 1,283 | | | |
| Roy Mitchell • Jean Mitchell |
25 | Merope | MLT | 1,173 | | | |
| Paul Ripard • John Ripard |
26 | Danaldo | JPN | 871 | | | |
| Mizuki Yamada • Yoshimatsu Sakaibara |