Stavros Niarchos: his Net Worth, his Art Collection, his Foundation and his yacht Atlantis II
Atlantis II Yacht | Specifications
116 m (380 ft)
26 in 13 cabins
17 in 8 cabins
US$ 100 million
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Philip Niarchos Net Worth:
US$ 2.5 billion
Spyros Niarchos, Elena Ford, Maria Niarchos, Constantine Niarchos
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Stavros died in 2006. The yacht is now owned by his son Philip Niarchos.
Atlantis II was built for the late Greek shipping magnate Stavros Niarchos.
Atlantis II was part of 3 identical sister ships. Which Niarchos built to outclass his rival shipping magnate Aristotle Onassi s. Onassis was owner of the super yacht Christina O.
The first yacht was Atlantis I, now called Navtilvs (before that: Isham al Baher). The second is Atlantis II. And the third is a never finished hull.
Luxury yacht Atlantis II was built in 1981 at Niarchos’ own yard Hellenic Shipyard. Her exterior design is done by Caesar Pinnau.
She is powerred by 2 Pielstick diesel engines. Which bring her a top speed of 14 knots. Her cruise speed is 12 knots. She has a steel hull and a part steel part aluminum superstructure.
She can accommodate 26 guests and has a crew of 17. Which is a low crew / guest ratio, compared to modern yachts. Her overall length is 115 meter or 380 ft.
The yacht rarely leaves her berth in Monaco. But in the summer of 2016 she was f requently in the Bay of St. Tropez
The boat is not available for yacht charter. And the yacht is not listed for sale.
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Stavros Spyros Niarchos (1909-
He was born in Athens in 1909. He studied law at the University of Athens. And began working in 1929 in his family’s grain business.
Recognizing the substantial transportation expense in importing wheat. Niarchos believed that he would save money by owning the ships that provided the transportation.
Consequently, he bought his first six freighters during the Great Depression. Niarchos served in the Greek Navy during World War II.
While Niarchos was serving in the Greek Navy, the Allied Forces leased his first vessel. The ship was destroyed in battle. And he used the insurance funds as capital to expand his fleet after the War.
This was the start of Stavros as a significant participant in the world of international commerce.
For many years, he owned the largest private fleet in the world. With his company operating more than 80 tankers and other vessels.
In 1952 he built the first supertankers capable of transporting large quantities of oil. In 1956 the Suez Canal Crisis considerably increased the demand. For the type of large tonnage ships that Niarchos owned.
Also in 1956, Niarchos agreed to build and operate the Hellenic Shipyards. The first such private investment in Greece. Which became the largest Mediterranean shipyard.
Although he was known predominantly for his shipping business. Niarchos’ diversified financial activities were at the core of global industry. From the time he formed the Niarchos Group in 1939 until his death in 1996.
Niarchos amassed one of the "most important collections of Impressionist and modern art in private hands." Among the collection's trophies are Pablo Picasso's self-
His legacy continues into the twenty-
By designating a significant part of his estate to establish the Foundation. He created an enduring vehicle to enriching the lives of others worldwide. (Source: www.snf.org)
At his death his net worth was estimated at U$ 22 billion. He left half his fortune to the Foundation. The other half to his three sons and daughter Maria.
Philip Niarchos is the oldest son of Stavros. He inherited a large amount from his father. And continued to increase the art collection.
In recent years Philip purchased work of Vincent van Gogh and Andy Warhol. Philip Niarchos net worth is estimated at US$ 2.5 billion.
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