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Spiros Latsis undoubtedly is the richest Greek

05 March 2013 / 14:03:13  GRReporter
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Three Greeks appear in the Forbes’ list of the richest people on the planet this year. The new rating includes 1,426 names with assets totalling $ 5.4 trillion. A year ago, the amount was $ 4.6 trillion.

The undisputed leader among the richest Greeks again is the shipping tycoon Spiros Latsis. He is ranked 412th compared to his 464th position in 2012. His assets rose to $ 3.3 from $ 2.6 billion.

The comment in the Forbes magazine states that despite the crisis in Greece, he was able to increase his finances due to the rise in share prices of the three companies managed by him: EFG International, Lamda Development and Hellenic Petroleum.

Last year, Spiros Latsis transferred capital to the amount of about $ 300 million of his shares in Eurobank Bank to his children and to the children of his two sisters, Mariana and Margaret, as well as to the charitable foundation in the name of his father Ioannis S. Latsis.

He holds three degrees from London School of Economics. He received a bachelor's degree in economics in 1968, a master's degree in the field of logic and scientific method in 1970 and a doctorate in philosophy in 1974. Besides managing the companies he owns, Spiros Latsis is the chairman of the board of the Institute for Advanced Study at Princeton University.
The next Greek in the ranking of the prestigious edition is Aristotelis Mistakidis. He is ranked 527th with assets worth $ 2.7 billion. Last year, he was 418th with assets totalling $ 2.8 billion.

Unlike the other two Greeks in the Forbes’ list, Mistakidis is not the heir of a wealthy family and he has created his "empire" alone. He acquired the status of a billionaire in May 2011 due to the initial public offering of shares of the Glencore company, which is the world leader in goods contracting. In February 2012, the giant company announced its plans to merge with Xstrata company for mining equipment. The so-called "merger of equals" (equal companies) is currently awaiting the approval of regulatory authorities in China.
Aristotelis Mistakidis is a citizen of Greece and the United Kingdom. After graduating from the London School of Economics, he began his career in the Cargill goods contracting company, where he worked in the trade of non-ferrous metals for six years. He joined the company Marc Rich & Co. in 1993, shortly before its purchase, when it changed its name to Glencore. Aristotelis Mistakidis worked in the department dealing with zinc, copper and lead in the new company and reached the position of co-director in 2000.

The third richest Greek is the very "secretive" shipping heir Philip Niarchos. His rich collection of paintings, including masterpieces such as "Self-portrait with bandaged ear" by Vincent Van Gogh, Pablo Picasso’s self-portrait and the most important painting among Paul Gauguin’s works, "Riders on the beach," is one of the most valuable in the world.

Philip Niarchos is a board member of the Museum of Modern Art in New York. He inherited his collection from his father and he continues to add to it mostly works by contemporary artists such as the self-portrait of Jean-Michel Basquiat and "Shot Red Marilyn" by Andy Warhol.

In his order, the leading representative of the pop art trend created a series of Philip Niarchos’ portraits based on images of his skull obtained by CAT-scanning. There is some talk of Niarchos being one of the serious buyers, who presented their own opinion to billionaire Leon Black before buying one of the most famous paintings in the world - "The Scream" by Edvard Munch against $ 120 million in May 2012.


Tags: PersonsList of the richest people in the worldSpiros LatsisAristotelis MistakidisPhilip NiarchosCompanies
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