x

Society

Six Greeks Make Forbes Billionaires List, None On World’s Wealthiest

ATHENS – The Forbes Billionaires List, a kind of Who’s Who of the 0.1% of the world’s richest people, includes six Greeks for 2024, but the wealthiest – at $4 billion – is only at number 905: Aristotelis Mistakidis.

Known as “Telis,” he stepped down from his role as the Director of Glencore’s copper business at the end of 2018 when Canadian regulators fined and banned him from serving as a director due to compliance violations.

He first became a billionaire in 2011 when Glencore went public and currently owns more than 3% of the company’s stock. In 2021, Mistakidis invested in Greece’s second-largest bank, Piraeus Capital.

Next, at #1067, with $2.8 billion, is Philip Niarchos, the oldest son of the late shipping magnate Stavros Niarchos, who inherited much of his father’s art collection bought in 1957 from actor Edward G. Robinson.

Vardis J. Vardinoyannis, with $2 billion, ranks #1575. He co-founded Motor Oil Hellas, a petroleum company based in Greece, with his late brother in 1970. Vardinoyannis is also reported to be the owner of Vegas Oil and Gas in Egypt. Apart from Motor Oil, the family also invests in shipping, finance, and soccer teams.

Then come Marianna Latsis and Spyros Latsis, descendants of the prominent Latsis family, involved in banking, investments, and aviation. Marianna Latsis, with $1.6 billion, inherited the fortune of her late father, Greek shipping tycoon John S. Latsis, alongside her siblings John and Margarita, who split the fortune in 2019.

At #1823 is Greek-Russian businessman Ivan Savvidis, the founder of Agrocom Group, whose assets included Russian tobacco firm Donskoy Tabak that he sold for $1.6 billion to Japan Tobacco in March 2018.

Through his Greek company Dimera, he owns a stake in the soccer team FC PAOK in Thessaloniki, Greece, where he also operates the port.

The list is led by France’s Bernard Arnault and family with $211.8 billion real-time net worth. He oversees the LVMH empire of 75 fashion and cosmetic brands, including Louis Vuitton and Sephora, and acquired American jeweler Tiffany in 2021.

Second, with $196.8 billion, is X owner Elon Musk, while Amazon owner Jeff Bezos is third with $191.2 billion, Facebook owner Mark Zuckerberg fourth with $160.2 billion, and Oracle software owner Larry Ellison fifth with $143 billion.

RELATED

ATHENS - Marking the two-year anniversary of Russia’s ongoing invasion of Ukraine, Greece reiterated its support for the fight, the Foreign Ministry declaring Greece remains “determined to continue to support Ukraine” in its just fight for its independence, two years after Russia’s invasion.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

BRIDGEPORT, Conn. (AP) — It’s been nearly four months since a judge tossed out the results of a Democratic mayoral primary in Connecticut’s largest city due to allegations of ballot stuffing, sending voters repeatedly back to the polls and thrusting Bridgeport into an unflattering national spotlight.

ATHENS - Greece’s ministries of Foreign Affairs and Digital Governance said it will create a digital platform using Artificial Intelligence (AI) to identify and rebut fake news spreading lies about the country.

Michigan's presidential primary on Tuesday will offer a serious test of President Joe Biden's ability to navigate dissent within the Democratic Party over his response to Israel's war with Hamas.

WASHINGTON (AP) — Inflation has changed the way many Americans shop.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.