| 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 is the oldest son of Stavros Niarchos. He inherited a large amount from his father. And continued to increase the family’s art collection.
In recent years Philip purchased work of Vincent van Gogh and Andy Warhol.
Philip Niarchos’s net worth is estimated at US$ 2.5 billion.
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 of importing wheat. Niarchos believed that he would save money by owning the ships that provided 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 the 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 enrich the lives of others worldwide. (Source: www.snf.org)
At his death, his net worth was estimated at $22 billion. He left half his fortune to the Foundation. The other half to his three sons and daughter Maria.
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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.
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).
(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
SuperYacht Owners Database 4-2023
