ANDREAS PANAYIOTOU • Net Worth $500 Million • Yacht • House • Private Jet

Name:Andreas Panayiotou
Net Worth:$500 million
Source of Wealth:Ability Group
Born:January 9, 1966
Wife:Susan Panayiotou
Children:George Panayiotou, Costas Panayiotou
Private Jet:(G-MRAP) Bombardier Challenger 300

Who is Andreas Panayiotou?

Andreas Panayiotou is a British property developer and founder of Ability Group. He was born on January 9, 1966. He is the son of Cypriot immigrants. And was raised in East London. He is married to Susan Panayiotou. They have 2 children: George Panayiotou and Costas Panayiotou.

He wanted to become a professional boxer. But his parents asked him to join their dry cleaning business.

His first action in real estate was the development of flats above the dry cleaning shop. He is the founder, Chairman, and CEO of The Ability Group. He is the owner of the yacht Ability.

Ability Group

The Ability Group is active in the UK and European real estate development. The group has developed more than 7,000 residential properties in the UK.

The company has a long-term strategy of retaining ownership of the properties it bought or developed.

The Ability Group has 800 employees. The UK holding company Ability Developments Ltd has equity of GBP 63 million (US$ 80 million).

But the group’s holding is based in Cyprus and does not disclose figures. His sons George and Costas Panayiotou are also active in the company.

Andreas Panayiotou Net Worth

His net worth is estimated at $500 million.

Property Development

The group is one of the largest real estate developers in the UK. Since Ability was formed in 1996, they built up a significant presence within the UK and European property markets. Across Residential, Commercial and Hotel sectors.

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Yacht Ability Owner

Andreas Panayiotou

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Andreas Panayiotou House

Yacht Ability

He was the owner of the yacht Ability. He sold her, she is now named Rock 13. Do you know who owns Rock 13? Please do send us a message. Update: According to some of our sources he sold the yacht to the Italian Benatti family. They own the famous BAUER Hotel in Venezia. But other sources claim that the yacht is owned by Thomas Kato. Kato is based in Florida and is the founder of Rock 13 Tequila.

Panayiotou is now the owner of the yacht Panam, built at Cerri in 2021.