| Name: | Philip Niarchos |
| Net Worth: | $ 2.5 billion |
| Source of Wealth: | Niarchos Group |
| Born: | 1954 |
| Age: | |
| Country: | Greece |
| Wife: | Victoria Niarchos |
| Children: | Stavros Niarchos |
| Siblings: | Spyros Niarchos, Elena Ford, Maria Niarchos, Constantine Niarchos |
| Residence: | Monaco, Athens, London, Beverly Hills |
| Private Jet: | (M-ATEX) Dassault Falcon 8X |
| Yacht: | Atlantis II |
Philip Niarchos, born to the notable Stavros Niarchos, inherited not only a massive fortune but also a tradition of fine art collection. As the eldest son of the Greek shipping magnate, he received a large portion of his father’s estate, which he has since enhanced and expanded.
Philip’s dedication to art is not mere passivity but active involvement. He has, in recent years, acquired notable works of masters like Vincent van Gogh and Andy Warhol, continuing to build on his father’s love for art and maintaining the family’s extensive art collection.
With an estimated net worth of US$ 2.5 billion, Philip Niarchos has certainly put his resources to good use, furthering the cultural contributions of the Niarchos family.
Stavros Spyros Niarchos (1909-1996) was a world-renowned Greek shipping magnate and billionaire. He was a major figure in global commerce from the moment he formed the Niarchos Group in 1939 until his death in 1996.
Beyond his commercial pursuits, Stavros had a deep love for art, amassing one of the most important private collections of Impressionist and modern art, including Pablo Picasso’s self-portrait ‘Yo, Picasso’, which he purchased in 1989 for $47 million.
Born in Athens in 1909, Stavros Niarchos began his journey in the family’s grain business. He later saw the cost-saving potential of owning the ships that imported wheat, leading him to purchase his first six freighters during the Great Depression.
Stavros Niarchos left a significant mark on the shipping industry, owning the largest private fleet in the world for many years. His company operated over 80 tankers and other vessels.
Further revolutionizing the shipping industry, in 1952, he built the first supertankers, allowing for the large-scale transportation of oil.
In addition to his shipping empire, in 1956, Niarchos established the Hellenic Shipyards, which became the largest Mediterranean shipyard.
Stavros Niarchos left a legacy that extends well into the 21st century with the Stavros Niarchos Foundation, enriching lives worldwide through its philanthropic activities.
At the time of his death, Stavros Niarchos’s net worthwas estimated at a staggering $22 billion. In a lasting legacy, he left half of his fortune to the Niarchos Foundation, a philanthropic entity that continues to impact lives positively around the globe. The remaining wealth was distributed among his three sons and daughter Maria.
When using the information from this article, please remember to give credit to SuperYachtFan. Our team works hard to provide accurate and engaging content for our readers, and we appreciate your support.
The Niarchos family owns many residences around the world. We found an apartment in Monaco, and a large house in Beverly Hills, California. Do you know more about his houses? Please do send us a message.
He is the owner of the yacht Atlantis II, which was part of 3 sister ships built for his father in 1981.
The Atlantis II was built by Stavros Niarchos to surpass the yacht of his rival, Aristotle Onassis.
The yacht was created at Niarchos’ own Hellenic Shipyard with design by Caesar Pinnau.
Atlantis II is powered by two Pielstick diesel engines, with a top speed of 14 knots.
Niarchos is the owner of a Dassault Falcon 8X private jet, with registration M-ATEX. Before the 8X he owned a Falcon 900. In 1969 Stavros Niarchos owned a Dassault Falcon 20D with registration VR-BDK. The aircraft was sold many years ago but still flies (with registration N724DS).
The Dassault Falcon 8X is a long-range, tri-jet business jet produced by the French company Dassault Aviation. It is the latest addition to the Falcon family, and it was designed to be the flagship of the line. The 8X is a significant improvement over its predecessor, the Falcon 7X, offering increased range, speed, and cabin space. The Falcon 8X has a range of 6,450 nautical miles (11,945 km) and can fly up to Mach 0.90. Its powerful Pratt & Whitney Canada PW307D engines provide a maximum thrust of 6,722 pounds each. The 8X can accommodate up to 19 passengers in its spacious cabin, which measures 42.6 feet (13 meters) in length.
The Falcon 8X’s cabin is designed to provide passengers with the utmost comfort and luxury. The cabin’s height is 6 feet 6 inches, allowing for ample headroom, and it has a width of 7 feet 8 inches, making it one of the widest cabins in its class. The 8X’s cabin also features large windows, providing passengers with stunning views of their surroundings.
The Falcon 8X’s interior is highly customizable, with a range of layout options and a variety of high-quality materials available for the interior finishes. Passengers can enjoy a range of amenities, including a fully-equipped galley, a private lavatory, and an advanced in-flight entertainment system.
The Falcon 8X features some of the most advanced avionics in the business aviation industry. The aircraft is equipped with the Dassault FalconEye combined vision system, which combines synthetic and enhanced vision technologies to provide pilots with unprecedented situational awareness, even in low visibility conditions. The aircraft’s advanced flight control system also makes it one of the easiest jets to fly, with pilots enjoying exceptional control and handling.
Overall, the Dassault Falcon 8X is an exceptional business jet that offers its passengers an unparalleled combination of comfort, luxury, and performance. Its long-range capabilities and advanced avionics make it an ideal aircraft for intercontinental travel, while its spacious cabin and customizable interior make it an excellent choice for those who demand the very best in private air travel.
(Photos by Planespotters.net ; flightaware.com; flickr.com; picssr.com; planefinder.net ) Do you want us to remove a certain photo? Or credit a source? Please send us a message
Yacht Owners Database 2024
