PHILIP NIARCHOS • Net Worth $2.5 Billion • House • Yacht • Private Jet • Niarchos Foundation

Name:Philip Niarchos
Net Worth:$ 2.5 billion
Source of Wealth:Niarchos Group
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

The Wealth and Artistic Journey of Philip Niarchos

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.

Key Takeaways

  • Philip Niarchos, son of Stavros Niarchos, is a billionaire art enthusiast with a net worth of US$ 2.5 billion. He continues the Niarchos family’s tradition of collecting and investing in valuable artworks.
  • Stavros Niarchos, a Greek shipping magnate, made his mark in global commerce and the art world. His private art collection, the largest in the world, included pieces from masters such as Pablo Picasso.
  • Stavros built the first supertankers in 1952, revolutionizing oil transportation. He also established the Hellenic Shipyards, the largest Mediterranean shipyard, in 1956.
  • The Stavros Niarchos Foundation continues to operate as a philanthropic entity, making significant contributions worldwide, thanks to half of his $22 billion fortune which he bequeathed to it.

Philip Niarchos: A Billionaire Art Enthusiast

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 Niarchos: A Shipping Magnate with a Passion for Art

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.

From Athens to the World: The Making of a Shipping Tycoon

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.

Building the Largest Private Fleet in the World

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.

The Introduction of Supertankers

Further revolutionizing the shipping industry, in 1952, he built the first supertankers, allowing for the large-scale transportation of oil.

Creating the Hellenic Shipyards

In addition to his shipping empire, in 1956, Niarchos established the Hellenic Shipyards, which became the largest Mediterranean shipyard.

The Niarchos Foundation: Enriching Lives Worldwide

Stavros Niarchos left a legacy that extends well into the 21st century with the Stavros Niarchos Foundation, enriching lives worldwide through its philanthropic activities.

The Vast Wealth of Stavros Niarchos

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.

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Yacht Atlantis IIOwner

Philip Niarchos

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Philip Niarchos House

Philip Niarchos Yacht

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.