Unfolding the Life of Evangelos Marinakis
Evangelos Marinakis, born in July 1967, is a respected Greek shipping magnate and the serving CEO of Capital Product Partners. Married to Anastasia, Marinakis is the father of four children and owner of the extravagant yachts, Amore Mio and Amore Mio II. In March 2020, he was diagnosed with the coronavirus.
Key Takeaways
- Evangelos Marinakis is a Greek shipping tycoon, CEO of Capital Product Partners, and the owner of the luxurious yachts, Amore Mio and Amore Mio II.
- Marinakis and his family own 27% of Capital Product Partners, a value of more than US$ 250 million.
- He also owns and presides over the football clubs Olympiakos FC and Nottingham Forest.
- His net worth is estimated at US$ 650 million.
- A noted philanthropist, Marinakis regularly contributes to Greek charity foundations.
Driving Force Behind Capital Product Partners
Capital Product Partners L.P. (CPP), under Marinakis’ leadership, is a front-runner in international shipping, known for the seaborne transportation of a plethora of cargoes, encompassing oil, refined oil products, chemicals, as well as dry cargo and containerized goods. In 2012, CPP reported revenues of US$ 170 million and a net profit of US$ 99 million.
Significant Shareholding
Marinakis, along with his family, holds a substantial 27% ownership in Capital Product Partners, translating to a value of over US$ 250 million. The company boasts a fleet of approximately 30 vessels with an average age of 6 years. These vessels are often chartered in bareboat agreements to clients like Hyundai Merchant Marine, BP Shipping, and Maersk Line.
The Link Between the Oil Tanker and Luxury Yacht Amore Mio
Marinakis’ yacht is christened after a 274-meter oil tanker owned by CPP, also named Amore Mio II.
Ownership and Presidency of Olympiakos FC
Marinakis is not only a shipping tycoon but also an ardent football enthusiast, owning the most successful football club in Greece, Olympiakos FC. Through his company Abisso Holdings Ltd, he serves as the chairman of the club.
The Purchase of Nottingham Forest
His passion for football extends to England, where he owns the Nottingham Forest Football Club based in West Bridgford, Nottinghamshire.
Net Worth and Philanthropy
Marinakis’ impressive net worth is estimated at $3 billion. As a key player in the shipping industry, he’s included in Lloyd’s List of the Top 100 of Most Influential People. Moreover, he is an active philanthropist, with his donations mainly directed towards Greek charity foundations.
Sources
http://ir.capitalpplp.com/overview.cfm
https://en.wikipedia.org/wiki/EvangelosMarinakis
http://www.olympiacos.org/
https://en.wikipedia.org/wiki/Olympiacos_F.C.
https://www.bloomberg.com/research/
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