This was a very close contest, with the Danish boat, White Lady, skippered by Ole Berntsen, narrowly winning gold over the German boat, Mutafo, with only seconds in the final race keeping the Germans from a gold medal. Berntsen had won a bronze medal in this event in 1948 and a silver medal in 1956. The US boat finished third, skippered by Lowell North, who usually raced the Star class, and would win a gold medal in that class in 1968. He would win five Star World Championships, the first in 1945 and the last in 1973. He also started his own company, North Sails, which became one of the best known sailmaking companies in the world.
| Pos | Competitors | NOC | Points | Race #1 | Race #2 | Race #3 | Race #4 | Race #5 | Race #6 | Race #7 | | | |
|---|
| 1 | White Lady | DEN | 5,854 | 1,463 (1) | 259 (16) | 861 (4) | 463 (10) | 986 (3) | 1,463 (1) | 618 (7) | Gold | | |
| Ole Berntsen • Christian Robert von Bülow • Ole Poulsen |
| 2 | Mutafo | GER | 5,826 | 560 (8) | 463 (10) | 618 (7) | 1,463 (1) | 1,162 (2) | 861 (4) | 1,162 (2) | Silver | | |
| Peter Ahrendt • Ulrich Mense • Wilfried Lorenz |
| 3 | Aphrodite | USA | 5,523 | 986 (3) | 764 (5) | 1,463 (1) | 986 (3) | 560 (8) | 764 (5) | 560 (8) | Bronze | | |
| Lowell North • Charlie Rogers • Dick Deaver |
| 4 | Andromeda | GBR | 5,090 | 764 (5) | 1,463 (1) | 508 (9) | 1,162 (2) | 508 (9) | 685 (6) | 207 (18) | | | |
| Martin Parry • Jeremy Harris • Peter Reade |
| 5 | Oleander XII | BER | 5,055 | 184 (19) | 560 (8) | 764 (5) | 685 (6) | 1,463 (1) | 1,162 (2) | 421 (11) | | | |
| Kirk Cooper • Conrad Soares • Penny Simmons |
| 6 | Argeste | ITA | 4,636 | 1,162 (2) | 421 (11) | 986 (3) | 349 (13) | 685 (6) | 618 (7) | 764 (5) | | | |
| Sergio Sorrentino • Annibale Pelaschier • Sergio Furlan |
| 7 | Guanahani | BAH | 4,294 | 259 (16) | 349 (13) | 349 (13) | 861 (4) | 764 (5) | 508 (9) | 1,463 (1) | | | |
| Godfrey Kelly • Basil Kelly • Robert Eardley |
| 8 | Proteus II | GRE | 4,188 | 349 (13) | 1,162 (2) | 463 (10) | 508 (9) | 384 (12) | 986 (3) | 685 (6) | | | |
| Odyssevs Eskitzoglou • Georgios Zaimis • Themistoklis Magoulas |
| 9 | Olen | URS | 3,996 | 685 (6) | 508 (9) | 1,162 (2) | 560 (8) | 618 (7) | 463 (10) | 384 (12) | | | |
| Yury Shavrin • Lev Alekseyev • Valery Nikolin |
| 10 | Tango | ARG | 3,682 | 618 (7) | 986 (3) | 207 (18) | 384 (12) | 287 (15) | 421 (11) | 986 (3) | | | |
| Jorge Alberto Salas • Jorge Alberto del Río • Rodolfo Rivademar |
| 11 | Serendipity | CAN | 3,459 | 861 (4) | 861 (4) | 421 (11) | 618 (7) | 349 (13) | 317 (14) | 349 (13) | | | |
| Ed Botterell • J. J. MacBrien • Lynn Watters |
| 12 | Cambria | AUS | 3,243 | 508 (9) | 384 (12) | 685 (6) | 101 (DNF) | 421 (11) | 384 (12) | 861 (4) | | | |
| Graham Drane • Ian Quartermain • John Coon |
| 13 | Barco Deloro | NED | 3,218 | 384 (12) | 141 (21) | 560 (8) | 764 (5) | 861 (4) | 101 (DNF) | 508 (9) | | | |
| Wim van Duyl • Henny Scholtz • Jan Jongkind • Dick Wayboer |
| 14 | Kuling | SWE | 2,601 | 317 (14) | 685 (6) | 259 (16) | 207 (18) | 463 (10) | 560 (8) | 317 (14) | | | |
| Bo Kaiser • Arne Settergren • Styrbjörn Holm |
| 15 | Monica | NOR | 2,067 | 421 (11) | 317 (14) | 384 (12) | 421 (11) | 317 (14) | 207 (18) | 184 (19) | | | |
| Morits Skaugen • Egil Normann Ly • Knut Bengtson |
| 16 | Grifo IV | POR | 1,804 | 463 (10) | 184 (19) | 317 (14) | 259 (16) | 101 (DNF) | 349 (13) | 232 (17) | | | |
| Joaquim Pinto Basto • Carlos Ribeiro Ferreira • Eduardo de Queiroz |
| 17 | Miss Nippon V | JPN | 1,762 | 232 (17) | 207 (18) | 232 (17) | 317 (14) | 259 (16) | 259 (16) | 463 (10) | | | |
| Saburo Tanamachi • Tadashi Funaoka • Teruyuki Horie |
| 18 | Acipactli | MEX | 1,632 | 101 (DNF) | 618 (7) | 287 (15) | 232 (17) | 101 (DNF) | 232 (17) | 162 (20) | | | |
| Mauricio de la Lama • Eduardo Prieto • Juan Frías |
| 19 | Phoenix | HKG | 1,461 | 287 (15) | 232 (17) | 184 (19) | 184 (19) | 101 (DNF) | 287 (15) | 287 (15) | | | |
| John Park • Paul Coope • William Turnbull |
| 20 | Akatonbo | IRL | 1,331 | 207 (18) | 162 (20) | 101 (DNF) | 287 (15) | 232 (17) | 184 (19) | 259 (16) | | | |
| Eddie Kelliher • Harry Maguire • Rob D'Alton |
| 21 | Kalayaan | PHI | 1,056 | 141 (21) | 287 (15) | 101 (DNF) | 141 (21) | 184 (19) | 162 (20) | 141 (21) | | | |
| Fausto Preysler • Feliciano Juntareal • Jesús Villareal |
| 22 | Linglom | THA | 846 | 162 (20) | 120 (22) | 162 (20) | 120 (22) | 162 (20) | 120 (22) | 120 (22) | | | |
| Birabongse, Prince Bhanubandh • Arunee, Princess Bhanubandh • Prateep Areerob |
| 23 | Miss Nippon IV | JAM | 832 | 120 (22) | 101 (23) | 101 (DNF) | 162 (20) | 207 (18) | 141 (21) | [0] (DQ) | | | |
| Barton Kirkconnell • Earl Taylor • Steven Henriques |