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All You Need to Know About George Economou and his Yacht Baracuda Valletta

Yacht Name: Baracuda Valetta - Yacht Length: 50 m (164 ft) - Guests: 10 in 5 cabins - Crew: 8 in 4 cabins - Displacement: 410t - Perini Navi 2008 - Yacht Value: US$ 25 million

Owners Name: George Economou - Economou Net Worth: US$ 1.5 billion - Owners Company: Dryship - Owners Country: Greece - The yacht Baracuda Valletta is available for charter

Yacht Baracuda Valletta - George Economou

George Economou is the owner of the sailing yacht Barracuda Valetta.

George EconomouWho is George Economou?

Economou is the CEO of Dry Ships Inc, which owns and operates a fleet of deepwater drilling units, dry bulk carriers and tankers.

Dry Ships, founded in 2004, owns 11 offshore ultra deepwater drilling units, 42 dry bulk carriers and 10 tankers.

Dry Ships

The company grew into one of the largest US listed drybulk company in fleet size and revenue and the third largest Panamax owner in the world.

In 2013 DryShips realized a revenue of US$ 1.492 billion, with appox. 2,000 employees. Clients include Lukoil, Petrobras, Total, Repsol and ConocoPhillips.

George Economou is CEO and Chairman of DryShips and holds approxx. 15% of the shares, through several holding companies, such as Elios Investments, Fabiana, Goodwill Shipping Company, Sphinx Investment Corporation and Entrepreneurial Spirit Holdings.

Ocean Rig UDW

He also holds 22% of Ocean Rig UDW, while the remaining shares are held by DryShip.

Economou owns several other companies, which provide services to DryShips, such as Cardiff Marine Inc, which is technical and commercial manager, TMS bulders, which provides management services, and Vivid Finance, which provides financing advice and receives a fee of 0,2% of any finance transaction, Fabiana which provides the service of the CEO for USD 3.6 million a year.

George Economou Net Worth

In 2008, Forbes estimated the net worth of George Economou at USD 1.7 billion, but due to the difficult market situation his net worth is now less. Economou resides in Monaco.

Yacht Baracuda Valletta

Economou’s sailing yacht Baracuda Valletta was built by Perini Navi and delivered in 2008. She can accommodate 10 guests and has a crew of 8.

Baracuda Valletta has a total sail area of 1418 m2. She is available for charter for EUR 195.000 per week.

Economou Art Collection

Economou is an art collector. His The George Economou Collection is a private collection located in Athens, Greece.

The collection has a focus on early twentieth century European art and has expanded to include an important holding of postwar and contemporary art

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sailing yacht Baracuda Valletta

The sailing yacht Baracuda Valletta - owned by George Economou

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Inside the yacht Baracuda Valetta

interior yacht baracuda valettainside george economou yacht

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