The National Herald - GREEKS IN AMERICA An Annual Edition of our Community's Top Achievers
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
SPECIAL EDITION FEBRUARY 2020
50 Wealthiest GREEKS IN AMERICA
An Annual Edition of our Community's Top Achievers
The National Herald
www.thenationalherald.com
This special edition was sponsored in part by Michael and Robin Psaros
2 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
Welcome to TNH’s Annual 50 Wealthiest Greeks in America Special!
2020 is the second year that I am spearheading this incredible courage is the indispensable kindling needed for the American patented many in their 80s and 90s still going to the office at least five days a
project. Although most of our top ten have been at the top of rankings entrepreneurial approach to work that creates jobs and fortunes. week. Thus, while the numbers may be the most ‘fun’ part to skim
such as Forbes magazine for many years, their incredible stories and Many studies have been conducted in an effort to understand why over and the easiest way to list these individuals, it is by far the least
biographies still strike me year after year. They instill in me a real human brains love lists. In an article written just a few years ago, the valuable. Contrastingly, what is valuable is each person’s unique story
sense of pride and relatedness – even though I have not had the New Yorker stated that whenever we encounter new information, our – their struggles, their triumphs, their journey. They cover an
opportunity to meet most of these high-net individuals first hand. I like brains immediately try to make sense of it. Once they figure out what impressively wide spectrum of industries: energy, retail, finance,
to believe that this is because their stories are relatable – they are we’re seeing in a physical sense, they provide personal context and shipping, food service, engineering, publishing, entertainment – just to
familiar to me. Growing up with immigrant parents, like most of our decide if it’s relevant enough to focus on further. The process is name a few. I encourage everyone to take the time this weekend to
readers, I have heard and read countless stories about their hardships instantaneous – we don’t even realize we’ve made a choice in the actually read the biographies of these individuals – you may be
and year after year I can’t help but feel a renewed admiration for our time our minds have selected one path or another. Our gaze either surprised at how much we all have in common and you may get some
people, our culture, our perseverance, and our work ethic. Many of our stops, or we simply keep scanning. Recall a time when you were ideas on what the next steps of your career should be.
featured Greek-Americans came here with nothing in their pockets spacing out while skimming a stream of content and then, without Although countless hours were spent researching the various
and had no other choice but to work incredibly hard to just put food on quite knowing why, found yourself pausing to actually process the individuals featured on our list, we are aware that this list is not all
their table every night. Eventually, they caught their big break (again, information. This is likely because we saw a phrase, a word, a location encompassing (some individuals do not like to be in the public eye)
with that unwavering work ethic and a little bit of luck) – and what is that we identify with. and that the net worth of the individuals are approximations (i.e., the
truly noteworthy is that most of these individuals managed to instill It’s the same with our list. Once we see the name of the island we stock market’s daily fluctuations may cause some people’s net worth
the same principles and ideals in their children (even if they were not have roots in, or see the name of our church, or even see a job title or to change minute by minute). This is a ‘problem’ that is not unique to
able to be home too often). passion that we share with a particular individual, we automatically The National Herald but also to Forbes, for example, which is widely
America’s genius has always been its ability to attract the world’s start paying closer attention. However, I encourage you to actually regarded as the ‘gold standard’ of such rankings.
brightest minds and hardest working people and have them live spend the time to read each and every one of the biographies of our We invite you, once again, to enhance this list by letting us know of
alongside each other to advance the common good – while at the same featured individuals. Although many of the same individuals are any information – including, perhaps, a particular Greek-American we
time maintaining and advancing our history, culture and religion. Our list featured year after year, their biographies are updated as more may have overlooked, so that this Special Edition can continue to get
proves that Greeks have been contributing mightily to the American information becomes available. Not only that, the saying that ‘old better and better, year after year.
success story for as long as they have been coming to these shores in habits die hard’ is truly representative of our culture. Despite the age Vanessa Diamataris
the hopes of a better life for themselves and for their families. This of many of the people on our list, they have not slowed down – with Editor-Publisher
The 50 Wealthiest Greeks in America List
1JIM DAVIS & FAMILY -
Massachusetts
Davis, now 77, is the Massachusetts-born son
of Greek immigrants. He graduated from Middle-
bury College with a degree in biology/chemistry
320 running shoe. Davis’ wife, Anne, joined the
company in 1977 and now serves as NB’s Vice
Chairman. The company has since grown, remai-
$7.7 BILLION (Forbes)
but soon realized he didn’t enjoy school (“hated ning one of the few shoemakers that continues
NEW BALANCE
school” were his exact words in an interview with to manufacture some of its shoes in the United
Middlebury College Sports Business Daily). After college, he started States, and now features clothing and equipment
(Biology/Chemistry); selling equipment having to do with biology and for lacrosse and soccer. Davis and his family own
Married, 2 Children chemistry. He then decided it was time for him to an estimated 95% of the company, which is still
buy a small company for himself and New Balance private.
With a huge bump in net worth since last year was the first one he looked at. At the time, he In June of 2019, the Boston Globe announced
– 2.1 billion to be exact – James S. ‘Jim’ Davis, said he knew a little about sporting goods but no- cided to buy the now 114-year old retail sports that New Balance was planning to open what Davis
the owner and Chairman of New Balance (NB) tops thing about footwear, so he decided to pass on footwear company. described as a “factory of the future” in Methuen,
The National Herald’s 50 Wealthiest Greek-Ameri- the offer. However, a year later, in 1972, the com- In 1976, the company began soaring to new
cans once again. pany was still for sale, and that’s when Davis de- heights with the development of the New Balance Continued on page 4
Vios Advisors at Rockefeller Capital Management
congratulates the top 50 wealthiest Greeks
Nick Bapis and Michael Bapis
Structuring Wealth for Today’s
Luxury and Tomorrow’s Security
45 Rockefeller Plaza 2603 East Parleys Way
5th floor Salt Lake City, UT
New York, NY 10111 84109
212.549.5488 801.736.9950
vios@rockco.com
❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 3
4 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
Continued from page 2 Gores oversees approximately 40 companies live in Beverly Hills, CA, but also maintain a home
with some $19 billion in assets through his Los in Birmingham, MI. In January 2020, an article
Massachusetts. The report said that state tax bre- Angeles-based private equity firm, Platinum Equity about property taxes was published which discus-
aks amounting to $900K and property tax breaks – which he founded in 1995. Platinum Equity is sed the property taxes in Los Angeles. The article
of $272K would help subsidize the $33M project. one of the largest private companies in the United stated that there are 12 homes in LA that pay more
The factory will be New Balance’s sixth in the New States and has offices in California, New York, Bo- than $1M a year in property taxes. One of those
England region, where the brand produces most ston, London, and Singapore. Its in-house business homes was the $100M Holmby Hills mansion of
of its Made in USA footwear. This will be the first development, M&A, transition, legal, real estate, Tom Gores. Gores bought this 10 bedroom, 20 ba-
manufacturing plant New Balance has opened in marketing, finance, and operations teams enable throom, 30,000 square foot mansion in 2016. The
two decades. In return for the tax breaks, New Ba- us to resolve matters expeditiously. master bedroom of the home is 5,300 square feet
lance has pledged to create 60 new jobs in the Since its founding in 1995, Platinum Equity has – roughly twice the size of the average home in
80,000 square-foot factory. According to the Globe, completed nearly 200 acquisitions in a broad range the U.S. The article stated that the Gores estate
the focus will be on testing advanced manufactu- of market sectors. The current portfolio includes property tax bill is $1.22 million annually.
ring techniques, 3D printing, and research and de- companies in diverse industries, acquired in a range
3
velopment. of corporate divestitures, public-to-private transac-
In April of 2019, NB Development Group broke tions, and transactions with private sellers. Each JOHN A. CATSIMATIDIS -
ground on The TRACK at New Balance near Boston portfolio company operates independently with the New York
Landing, featuring a multi-sport athletic complex goal of creating long-term, sustainable value. For $3.3 BILLION (Forbes)
spanning a city block, as well as a concert venue example, this past January, Platinum Equity com- OIL, REAL ESTATE, SUPERMARKETS
with The Bowery Presents (with room for up to pleted the $2.7B acquisition of Cision Ltd., the Ch-
New York University;
3,500 fans) and a New Balance Athletics Sports icago-based parent of PR Newswire.
Research Lab. The 250,000 square foot complex Married, 2 Children
will also include ground floor retail and food services
with an expected completion by late summer 2021. At a personal fortune estimated at $3.3 billion, Catsimatidis’ most recent projects include buil-
Of the project, Davis said, “The TRACK at New Ba- John A. Catsimatidis remains very close to the top ding mixed-use developments in Brooklyn's Fort
lance will set a new performance standard in pro- of our list again this year. Greene and Coney Island neighborhoods. He is
fessional and amateur sports due to its innovative Since our last 50 Wealthiest issue, Catsimatidis planning to build Ocean Dreams – a 425-unit lu-
design, location and amenities.” The project will has been extremely active in our community and xury rental complex overlooking the Atlantic in
also drastically change the area from a sprawling beyond. He was the featured speaker at the Helle- Coney Island. In March of 2019, Santander Bank
mass of decrepit warehouses. nic-American Chamber of Commerce event which provided Red Apple with a $200 million refinan-
Here are some other interesting facts about Jim focused on the effect of politics on New York City’s cing package for its downtown Brooklyn 32-story
Davis taken from an interview he gave to Sports real estate and the future of energy in the U.S. and project, the Eagle.
Business Daily: abroad; he expanded his supermarket holdings by More recently, in December, Red Apple Group
Favorite music: The Rolling Stones taking ownership of the D’Agostino chain of su- received site plan approval from St. Petersburg,
Favorite movie: I’m not big on movies. permarkets; he was appointed the Vice-President Florida’s Development Review Commission for a
Favorite quote: Anything that refers to tenacity, of the Archdiocesan Council; he has joined the new $300M mixed use project. The project includes a
to never giving up, I strongly believe in. entity, The Friends of St. Nicholas, Inc., a non-profit 45-story condo building, 20-story hotel, roughly
Favorite vacation spot: The north shore of Bo- in charge of overseeing the completion of the St. 20,000 square feet of office space, and an 800-
ston. In 2011, Gores and Platinum became owners Nicholas shrine at Ground Zero; he acquired the space parking garage. Catsimatidis will need ap-
Typical day off: If I’m not doing something with of the National Basketball Association’s Detroit Pi- 77 WABC Radio station; he was honored for his proval from the Federal Aviation Administration for
my family, I’ll be fooling around with my cars. I col- stons. In August, 2016, he purchased Platinum’s contributions to the community at Three Hierarchs a 515-foot tower. This new tower would surpass
lect cars. stake and became sole owner. In the beginning of in Brooklyn; and finally, he was informally endorsed the tallest building in that city.
2020, Jalen Rose, a former NBA player and current by former NYC Mayor Giuliani as the “logical” can- When Catsimatidis was an infant, he and his
sports analyst for ABC and ESPN, approached Go- didate for NYC’s new mayor – just to name a few family moved to an apartment in Harlem from the
2TOM GORES - California
6.6 BILLION (Forbes)
res to become a minority owner of the Pistons.
Rose is a Detroit native, grew up idolizing the De-
troit franchise and has a longstanding relationship
of his achievements.
In 2013, Catsimatidis self-funded a campaign
for Mayor of NYC in which he finished a strong se-
small Greek island of Nisyros. Catsimatidis, now
71, is a true self-made billionaire – getting there
through decades of hard work and innovation.
EQUITY INVESTMENT, SPORTS
with Gores who has been a major supporter in Ro- cond in the Republican primary. He might do it Catsimatidis attended New York University, but
Michigan State University
se’s public charter school in Detroit. again in 2021. In a recent interview with the Real withdrew before completing his degree require-
(Construction Management); In 2016, he launched FlintNow to address the Deal, Catsimatidis said he’s considering launching ments, much to the dismay of his father. He opened
Married, 3 Children water crisis in his hometown of Flint, MI. This past another bid – perhaps as a democrat. He was quo- his first grocery store in 1969 and owned ten stores
November, through an expanded partnership with ted saying, “Well, somebody has to do it. The city by the age of 24, making $25 million a year in re-
Tom Gores scores number 2 on The National the Michigan State University-Hurley Children’s Ho- is getting in worse shape and I’m very much con- venue. He plowed $5 million into Manhattan real
Herald’s 50 Wealthiest list this year. Gores, 55, was spital Pediatric Public Health Initiative, FlintNow cerned. I love New York.” estate in 1977; that property was worth $100 mil-
born in Nazareth, Israel to a Greek father and a Le- and the National Basketball Players Association di- Catsimatidis is chairman and CEO of the Red lion just five years later.
banese mother. When he was only four years old, stributed $325,000 worth of gift certificates for Apple Group, which is among the country’s largest Catsimatidis stumbled upon the Chapter 11 pro-
the family moved to Genesee, MI. fruits and vegetables for all Flint children during privately held companies with 8,000 employees ceedings of United Refining in Warren, PA. and pur-
Throughout his youth, Gores stocked shelves the holiday season. During that same holiday sea- and estimated annual revenues of $5.2 billion. Red chased the oil refiner’s stock for $7.5 million. The
at his father’s small grocery store in Flint, MI. After son, Gores donated approximately 10,000 toys, bi- Apple has holdings in oil refining, retail petroleum firm now owns 375 gas outlets and convenience
earning a bachelor’s degree at Michigan State Uni- cycles and helmets that were distributed to families products, convenience stores, supermarkets, and stores in Pennsylvania, New York, and Ohio.
versity, he joined his brother Alec (also featured in in the Detroit area. real estate. With a major focus on energy, Catsi-
this edition) in buying out companies. Gores, his wife, Holly, and their three children matidis’ fortune accelerated with rising oil prices. Continued on page 6
❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 5
6 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
Continued from page 4 doors until he got 12 orders and checks. After shop, crafts, and gardening. This training allows
two years of hand-to-mouth work, the company them to earn an income and their gardens allow
Catsimatidis is a licensed pilot, though eye sur- grossed $1 million. them to eat organically. Dejoria noted that the pro-
gery has grounded him over the past few years. In 1989, after Mitchell died, DeJoria found ano- gram is working so well that they will be adding an
He has helped raise millions for Alzheimer’s, Par- ther partner and launched Patron, a premium te- additional 400 homes to the project.
kinson’s, and Juvenile Diabetes research. He ser- quila, something unheard of at that time. His friend The vast list of charities supported by John Paul
ved as co-chairman and founder of the Brooklyn Clint Eastwood placed it in his film In the Line of Mitchell Systems includes the Boys & Girls Clubs
Tech Endowment Foundation. At the time, the $10 Fire, celebrity chef Wolfgang Puck endorsed it, and of America, the American Cancer Society,
million fund was the largest gift to a secondary DeJoria gave it away at John Paul Mitchell events. Food4Africa, Grow Appalachia, and Chrysalis, a
school in the United States. Since 1988 he has In June 2014, DeJoria co-founded (with British nonprofit group that helps homeless and low-in-
funded scholarships at the NYU School of Business. entrepreneur Jonathan Kendrick) ROK Mobile, a come people get back on their feet and find the
Catsimatidis is married and the father of two music streaming service combined with a contract- path to self-sufficiency. DeJoria is also a patron of
children, Andrea and John. His wife, Margo, runs free mobile phone plan offering unlimited voice, Mineseeker, a non-profit organization dedicated to
his company’s in-house advertising agency. text, and data that runs on the rails of larger cell seeking solutions to the worldwide problem of land-
phone carriers T-Mobile and Sprint. On March 20, mines.
4
2019, ROKiT (part of ROK Mobile) announced a Today, DeJoria is on lists of the world’s billio-
JOHN PAUL DeJORIA - line of five mobile handsets, including three smart- naires, and one of America’s richest living veterans.
Texas His John Paul Mitchell Systems hair products, still
$3.1BILLION (Forbes) privately held, is worth more than a billion dollars.
HAIR CARE PRODUCTS, SPIRITS They are available in more than 100,000 salons in pointed Argyros U.S. ambassador to Spain. Argyros
the United States and are distributed throughout also served on the Federal Home Loan Mortgage
Married, 4 Children
the world. Patron Spirits, the original ultra-premium Corporation (FreddieMac) under President George
tequila, also the vision of Dejoria, was recently ac- H.W. Bush.
John Paul Dejoria’s net worth is back to where quired by Bacardi Limited for $5.1 billion. A resident of Harbor Island in Newport Bay, CA,
it was a few years ago after a significant dip last He and his third wife, the former Eloise Brady, Argyros is a recognized business leader and phi-
year. are based in Austin, TX. Dejoria has four children, lanthropist. He was the 1993 recipient of the Ho-
Born to an Italian immigrant father and a Greek one of whom is professional drag-racer, Alexis De- ratio Alger Award of Distinguished Americans, and
immigrant mother, who divorced by the time he Joria. a 2001 recipient of the Ellis Island Medal of Honor.
was 2, DeJoria has known poverty repeatedly: first Chapman’ University’s School of Business and
5
during his childhood being raised by a single mother Economics was renamed in his honor in 1999. He
in Los Angeles, CA, and two periods of homeless- AMB. GEORGE L. has served on the board of trustees for several
ness as an adult. ARGYROS - California community organizations, including the California
DeJoria has been quoted telling a story that $2.7 BILLION (Forbes) Institute of Technology, the Beckman Foundation,
when he was 5, his mother didn’t have enough REAL ESTATE, SPORTS the Horatio Alger Association, and Chapman Uni-
money to buy her sons Christmas presents. As versity.
Chapman University
they walked through downtown Los Angeles, his Argyros developed a friendship with scientist/in-
mother pointed to a woman wearing a navy blue (Business & Economics); ventor Arnold Beckman in California in 1962. Soon
suit ringing a bell. “Boys,” his mother said, “I’m gi- Married, 3 Children afterward, he began a 22-year service as chairman
ving you a dime. See that lady ringing the bell? Put of the board of the Arnold and Mabel Beckman Fo-
this in her bucket.” DeJoria didn’t understand; 10 George L. Argyros is well known in a wide variety undation, which awards research grants in chemi-
cents was a lot for a kid who didn’t have much in of prominent circles, as his long and illustrious life stry and the life sciences. In 2013, the foundation
1950. Why did he have to give it away? “That’s the has included achievements ranging from real developed the Beckman-Argyros Award in Vision
Salvation Army. They need it more than we do,” phones, to market (sold at ROKit.com and Wal- estate, to sports, to international diplomacy. Research. The annual award offers a $100,000
was her reply. From that experience, he learned mart.com). Unlike other phones, these are paired Argyros served as U.S. Ambassador to Spain prize and a $400,000 research grant to an individual
that “success unshared is failure.” with vital life services like family telemedicine, legal and was an owner of the professional baseball who has made a significant achievement in vision
DeJoria’s very first job, at age nine, was selling counsel and more. In August of 2019, ROKiT ente- team, the Seattle Mariners – which he sold in 1989. research.
greeting cards door-to-door. He and his brother had red into a distribution arrangement with Universal But Argyros, 83, made his fortune in grocery stores In January 2012, Argyros became a member
paper routes through their school years. After high Pictures Home Entertainment which would enable and real estate. of the Board of Regents of the Orange County Co-
school and two years in the U.S. Navy, DeJoria did ROKiT customers to rent and watch a diverse col- A second-generation American of Greek de- uncil Boy Scouts of America. In April 2011, he and
whatever it took to make ends meet – from selling lection of 3D films from the movie studio’s catalog scent, he was born in Detroit, MI and raised in Pa- his wife made a $5 million gift to an ambulatory
encyclopedias and working as a janitor to pumping on their glasses-free 3D ROKiT smartphones. sadena, CA. He worked his way through high school surgery center at the University of California. In
gasoline. During his first homeless period, after he As expected, Dejoria has a soft-spot for helping and college in southern California as a paperboy 2018, the Argyros family foundation pledged $7.5
and his then-wife separated, he collected bottles the homeless. In response to the homeless crisis and grocery clerk. Argyros went into real estate in million to renovate the Los Angeles Coliseum,
to stay afloat, all while caring for his two-year-old in America, Dejoria is building a community called 1962, selling land at busy intersections to gas sta- home of the USC Trojans and, according to the
son. Eventually, he took his talents to several hair Mobile Loaves and Fishes which has constructed tions. Today, his privately held Arnel & Affiliates Los Angeles Times, the foundation donated
care and cosmetic companies before becoming an 250 small homes in the city of Austen, Texas, for owns and manages 5,500 apartments and 2 million $750,000 to help get the Balboa Island Museum
independent consultant. those who have been sleeping on the streets for square feet of commercial space. & Historical Society established in its new location
In 1980, DeJoria teamed up with his friend over a year. Homeless people pay $90 per month Argyros also founded Westar Capital, a private in Newport Beach, CA.
Paul Mitchell to launch John Paul Mitchell Sy- for their small homes but are prohibited from drin- equity firm, in 1987 and he is a director of First Most recently, the Argyros family is part of an
stems, a line of high-end hair care products. The king alcohol and fighting. The program also affords American Financial Corp and Pacific Mercantile estimated $17-million campus renovation for the
partners began with $700 and with DeJoria living the homeless the opportunity to learn skills and Bancorp.
in his car at the time. He said he knocked on salon earn money; it offers woodshop, auto shop, metal In 2001, then-President George W. Bush ap- Continued on page 10
❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 7
8 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 9
Serving the Health Field
with Vision, Professionalism
and Dedication
Drs. Spiro & Amalia Spireas
and
Sigmapharm Laboratories
Innovative Pharmaceutical Formulations,
Maximizing Drug Therapy
Sigmapharm Laboratories, LLC
ab
3375 Progress Drive, Bensalem - PA 19020
Tel.: (215) 352-6655 - Fax: (215) 352-6644
www.sigmapharm.com
10 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
Continued from page 6
Mariners Christian School in Costa Mesa. Their
contribution went towards a new 900-seat audito-
rium (the Argyros Center for Worship and Perfor-
ming Arts) and a redesigned gymnasium (Living
Legacy Athletic Center).
Additionally, in December of 2019, the Argyros
family announced a surprise $5M donation to the
South Coast Repertory, the Tony Award-winning
theatre in Costa Mesa. It is one of the largest single
donations in the history of the theatre, which was
founded in 1964. The Argyros family has been one
of the leading supporters of the Repertory since
the 1970s.
Argyros is an Archon of the Ecumenical Patriar-
chate’s Order of St. Andrew the Apostle. He and
his wife, Julia, have three children and seven grand-
children. The Argyroses were honored by the city
of Costa Mesa, CA in May with a Lifetime Achie-
vement Award for service to the community.
6 Florida
C. DEAN METROPOULOS - to acquire and revitalize brands with deep roots in
our American culture and tradition, such as the re-
$2.4 BILLION (Forbes) cent acquisitions of the 170-year-old PBR and 100-
MANAGEMENT, ACQUISITIONS year-old Hostess. Our European-acquired brands,
such as Perrier Jouet and Mumm Champagnes,
Babson College; Married, 2 Children
among others, often go back 300-plus years: truly
humbling heritages.”
C. Dean Metropoulos, age 72, is Chairman and In July 2013, Metropoulos paid $410 million to
CEO of Metropoulos & Company, a boutique buyout buy Hostess Brands and return Twinkies to grocery
and management firm. He remains very high on shelves after the company had filed for bankruptcy
our list, as a result of his $2.4 billion estimated protection and closed its doors. Hostess has made
worth (a slight dip from last year). Metropoulos ac- a remarkable turnaround; in the past few years it
cumulated his fortune by purchasing and resurrec- has released several ice cream flavors and rolled
ting food brands such as Hostess, Pabst Blue Rib- out a new upscale line of snacks. In 2016, The Go-
bon Beer, Chef Boyardee, Ghirardelli Chocolate res Group (see Alec Gores, infra) acquired Hostess
Company, Pinnacle Foods, Bumble Bee Tuna, Vlasic via a spin-off, under a special-purpose acquisition
Pickles and Utz Snacks. He also recently helped company process – but Metropoulos remained ch-
produce the film Cliffs of Freedom. airman. In August of 2019, Hostess completed a
The Greek-born Metropoulos moved from Tripoli public offering of 12 million shares of Class A stock
to Massachusetts with his parents at age 10. Typi- - which was owned by Metropoulos and entities
cal of many immigrants, his parents worked hard controlled by him. Following the sales, Metropoulos
and encouraged their children to pursue their dre- still owned 8.1% of outstanding Hostess stock. To-
ams. Metropoulos made his first American acqui- day, the Hostess company is worth more than $2B.
sition at the age of 32, when he acquired a cheese Metropoulos sold Pabst Brewing for an estima-
company in his wife, Marianne’s, native Vermont. ted $750 million in September 2014, nearly tripling
Metropoulos is very well known in the private his 2010 investment. Pabst remains one of the fa-
equity, investment banking, and financial commu- stest-growing brewing companies in the United
nity, having spent nearly three decades creating, States, if not the fastest.
acquiring, restructuring and growing nearly 100 Metropoulos’ sons, Evan, 38 and Daren, 35, are
different businesses and 300 brands involving ap- and have been an integral part of the turnaround
proximately $14 billion in capital in the United Sta- of the acquired companies. He has said that his
tes, Mexico and Europe. Many of these were sub- sons have been the “the creative catalysts for re-
sequently taken public or sold to strategic acquirers. positioning and reinventing these brands.” In Au-
“We love acquiring and transforming underma- gust of 2016, his son Daren made headlines after
naged companies by investing heavily in operating he purchased the legendary Playboy Mansion in
efficiencies, systems, new products, and innova- Los Angeles, CA for $100 million.
tion,” Metropoulos said, “and unique marketing, In 2019, Metropoulos was selected as one of
thus turning them into vibrant, growing businesses. the five distinguished Greeks of the Diaspora to be
We have been particularly privileged and fortunate honored by the International Foundation for Greece
KELLIE PLATIS
Licensed Real Estate Salesperson
C: 732.673.9298
Kellie.Platis@elliman.com
www.elliman.com
The Pioneer in Private
Air Ambulance Services
in Greece
Gamma Air Medical - Air Ambulance
Caring in the Skies for You
WE ARE JUST A PHONE CALL AWAY
ab
airmed.gr
gamma@airmed.gr
5 Pylou, Maroussi, 151 22 Athens
Τel: (01130) 210.2855.109
WORLDWIDE READINESS STATE OF THE
MEDICAL ART EQUIPMENT❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 11
(IFG). Every three years, the IFG honors distingui-
shed members of our community for their contri-
butions to enhancing the country’s international
8ALEC GORES - California
$2.1 BILLION (Forbes)
TECHNOLOGY, LEVERAGED
presence in various fields – including entreprene-
BUYOUTS
urship, which was given to Metropoulos. The Hel-
lenic Post issued stamps dedicated to Metropoulos Western Michigan University (Computer
as well as to four other members of the Diaspora Science); Married, 5 children
including: George Behrakis (also featured infra),
Corinne Mentzelopoulos, Alexandre Desplat and Alec Gores, 66, like his brothers Tom and Sam
Dimitri Nanopoulos. (both also featured in this edition) was born to a
Metropoulos and his wife are both members of Greek father and Lebanese mother, in Nazareth,
the Leadership 100 Foundation, a leadership orga- Israel. It took the family, which included 6 children,
nization that supports the activities of the Greek five years to get visas to enter the United States.
Orthodox Church in the United States. Metropoulos Eventually, the family finally made it to America
is also a founding member and president of Faith and settled in Genesee, MI when Alec was a tee-
Endowment, a New York based organization pro- nager. The sons, who were originally named Elias
moting the Greek Orthodox religion and Hellenic (Alec), Samir (Sam) and Tewfic (Tom), were prom-
culture and interests. ptly given new American names by their aunt, who
picked them up from the airport.
7
"My father was willing to give up literally every-
PETER NICHOLAS - thing he had [in Israel] and pack his bags and bring
Massachusetts us here," Gores told Forbes in October, 2016. "He
$2.3 BILLION (AffluenceIQ) loper, manufacturer, and marketer of medical de- did it for the kids, to make sure we have a better child, daughter Rochelle Gores Fredston, founded
Duke University vices whose products are used in a range of in- future." the Philanthropic Society Los Angeles (now called
terventional medical specialties, including inter- The elder Gores, Charlie, emphasized hard work Learning Lab Ventures) in 2010. The organization
Married, 3 children
ventional radiology, interventional cardiology, and an appreciation for the opportunities the United is focused on education, and provides disadvanta-
Peter Nicholas, now 80, was raised by Greek peripheral interventions, neuromodulation, neu- States presented, his son told Forbes. "The day we ged students with after-school learning and enri-
immigrant parents. His father, who had come as a rovascular intervention, electrophysiology, cardiac landed in America, my dad sat us down and he chment programs. Kelly, Alec’s wife, recently rele-
child from Constantinople, settled in the Munjoy surgery, vascular surgery, endoscopy, oncology, said, 'This is your new country. You have to respect ased the documentary Heal (83% on Rotten
Hill neighborhood in Portland, ME – a Greek com- urology and gynecology. The company went public it. You have to embrace it,’" Gores remembers. His Tomatoes) on Netflix which is about the power of
munity that produced “dozens of immigrant children in 1992 and currently employs 35,000 people dad added: "You've got to work hard, and you can the mind to heal the body.
who grew up to achieve real success.” In a report across six continents. do anything you want in this country."
8
published by the Partnership for a New American The company is primarily known for the deve- Alec began his professional career by bagging
Economy, Nicholas was quoted saying: “These lopment of the Taxus Stent, a drug-eluting stent groceries at his uncle’s store soon after arriving in HASEOTES FAMILY -
funny looking Greek kids all had embedded in them which is used to open clogged arteries. With the America (for 25 cents an hour) – he didn’t speak Massachusetts
this ambition to work hard and achieve a better life full acquisition of Cameron Health in June 2012, any English at the time. $2.1 BILLION (Forbes)
than what their parents could have ever imagined.” the company also became notable for offering a Today, Gores heads the Beverly Hills-based pri- CONVENIENCE STORES
In the same study, Nicholas also said that he was minimally invasive implantable cardioverter-defi- vate equity firm The Gores Group, which has $2.5
“very aware” of the old country his family came brillator (ICD) which they call the EMBLEM Subcu- billion in assets. He lives in an 11-bedroom mansion
from and how much his parents wanted him to taneous Implantable Defibrillator (S-ICD). on 2.2 acres in Beverly Hills – near his brother Tom, Vasilios and Aphrodite Haseotes founded Cum-
work to take advantage of the many opportunities In 2016, Nicholas announced that he would step who bought a palatial estate in Holby Hills in 2016 berland Farms in 1938. The Haseoteses emigrated
that America offered. down as Boston Scientific’s chairman, a year ahead as part of a reported $100 million deal. from Greece’s Macedonia and Epirus regions to
A graduate of Duke University, Nicholas went of his intended retirement. President & CEO Mike After graduating from Western Michigan Uni- the state of Maine and eventually proceeded to
on to earn an MBA from the University of Pennsyl- Mahoney, who succeeded Nicholas as Chairman, versity with a degree in computer science (the first purchase a one-cow, one-calf dairy farm in Cum-
vania’s prestigious Wharton School of Business. said this about his predecessor: “These changes person in his family to finish college), he founded berland, RI for $84. They had eight children, two of
He served as an officer in the U.S. Navy, resigning represent a major milestone in the history of the Executive Business Systems in 1978, for $10,000, whom – Demetrios (Jim) and Lily – would go on to
his commission in 1966. He is Chairman Emeritus company, as Pete’s dedication, passion, and com- and was selling computers out of his basement. lead the convenience store chain.
of Duke’s Board of Trustees. In 1996, Nicholas gave mitment were instrumental in bringing the benefits His father “gave [him] his last $8,000 and had [him] Cumberland Farms eventually expanded across
$20 million to Duke for its School of the Environ- of interventional medicine to patients in need. Un- go buy a demo machine," Gores told Forbes. "That's state lines and grew to become the largest dairy
ment, which was named in his honor. Since then, der Pete’s leadership, Boston Scientific has become what I needed to start the business." He grew the farm operation in Massachusetts. In 1956, the com-
he and his wife, Virginia (Ginny) Lilly, have made a leading global healthcare corporation serving 22 company tremendously, and sold it in 1986 to Con- pany opened a jug-milk store in Bellingham, MA.
other gifts of tens of millions of dollars to Duke. million patients each year, and we are deeply in- tel for approximately $2 million. During the 1950s, few convenience food stores
Ginny is the great-grand daughter of Eli Lilly, foun- debted for his decades of service and love of the In 2016, he joined C. Dean Metropulos, also fe- with dawn-to-midnight service every day of the
der of the pharmaceutical giant Eli Lilly & Company, company.” atured in this edition, to take the food snack giant week existed in the northern part of the country. In
where Nicholas worked prior to founding Boston Today, Nicholas serves as the managing director Hostess public. 1962, Cumberland Farms quickly expanded to be-
Scientific, the medical device company. of Ithaka Partners LLC, a relationship-driven private, Gores famously lost over $17 million in a three- come New England’s first true convenience store.
In 1979, Nicholas co-founded the aforementio- alternative asset management firm. The firm in- day backgammon series to fellow billionaire JP By the early 1990s, Cumberland Farms ranked
ned Boston Scientific with scientist John Abele vests in and actively advises early-stage companies McManus in 2012, the Independent reported, and third among the country’s convenience store ch-
after meeting him at a children’s soccer game. The (especially in the areas of healthcare, technology Gores promptly “paid up like a gent.” ains, and was also a leader in both the retail and
company started out by making steerable catheters and the environment) on the development of brea- The father of five, Gores is now married to Kelly wholesale distribution of petroleum products thro-
used in less invasive medical procedures. kthrough products and services that will improve Noonan Gores, his second wife (John Legend per-
Today, Boston Scientific is a worldwide deve- the well-being of people and the planet. formed at their wedding in 2016). Alec’s eldest Continued on page 1212 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙
Continued from page 11 was chairman of the board of directors and her ne- $100 million on this one case alone.
phew, Ari, succeeded Bentas as CEO in June 2014. Angelos was also enormously successful in
ugh the Cumberland Farms (and previously, also However, on October 22, 2019, EG Group, a suing Wyeth, the makers of the diet pill fen-phen,
Gulf and Mobil) names. United Kingdom-based company, officially bought and representing the state of Maryland as lead
The company first added a gas station to one of Cumberland Farms which operated 567 stores in attorney in a lawsuit against tobacco company
its stores in 1971 and expanded greatly in the wake seven states in the northeast as well as in Florida. Philip Morris. The agreement had stipulated that
of the 1973-74 Arab oil embargo. By 1975, Cum- At the closing, Ari Haseotes said: “Being a third- he would receive 25% of the recovery, but when
berland Farms opened its 1,000th store. The follo- generation founding owner and operator, I have an it came to $4.5 billion, Maryland refused to pay;
wing year, it opened a 560,000-square-foot bakery immense amount of gratitude for the Cumberland Angelos’ team settled for $150 million. After that
and warehouse in Westborough, Mass. In 1987, it Farms team and what we have achieved together,” he became a major player in the Baltimore com-
purchased all of the Northeast assets of Gulf Oil he said. “This is the right next step for Cumberland munity. Commenting on winning settlements of
from the Chevron Corporation, including 550 ser- Farms and creates an incredible opportunity to ex- that size on behalf of governmental entities, An-
vice stations and a terminal network throughout pand and grow the existing business into the wider gelos said, “If you get that kind of a fee, you’re
the Northeast. EG Group global network. In that regard, I couldn’t fundamentally taking it from the public interest.”
be more pleased with the historical milestone ach- Angelos bought the Orioles in August 1993,
ieved today.” leading a group of investors including prominent
The EG Group intends to retain the Cumberland Marylanders like novelist Tom Clancy, in purcha-
Farms logo and their locations. Of the acquisition, sing the team for $173 million, a record price at
Zuber Issa of EG Group said: “Over nearly eight the time.
decades the Haseotes family have built Cumber- League Baseball’s Baltimore Orioles. The Orioles enjoyed some success early under
land Farms into an outstanding portfolio of large, Angelos was born in Pittsburgh, PA on July 4, Angelos’ ownership, making the postseason as a
modern facilities run by a team of associates who 1929, to immigrants from the island of Karpathos. wild card team in 1996 and winning the American
are connected to the communities they serve.” He went to Baltimore at age 11, where his family League East Division title in 1997. But manager
Also in October 2019, Vasilios Haseotes was settled in the Highlandtown section of the city. His Davey Johnson resigned after the 1997 season,
honored (posthumously) for his service to the Uni- father owned a tavern in East Baltimore where Pe- and 14 straight losing seasons ensued. As of late,
ted States in World War I with the ‘Oxi’ Service ter worked during his adolescence. Peter learned their fortunes climbed, as they clinched the division
Award (part of the Washington ‘Oxi’ Day Foundation very quickly how hard life could be – especially in in 2014 and just felt short of repeating in 2015,
Courage and Service Awards) at the National WWII Baltimore. Baltimore wasn’t a gentle environment but made the playoffs again in 2016. In 2016, For-
Memorial in Washington, D.C. After arriving in Ame- to say the least; in order to protect himself, Peter bes reported that the Orioles’ value had increased
rica at the age of 15, Vasilios enlisted in the army learned how to box at the Baltimore Athletic As- 61% in two years, from $620 million to over $1
in 1917 and found in WWI. He was decorated by sociation. Years later, Peter graduated from the billion. In April of 2019, Forbes reported that the
both the U.S. and France for his heroic service. He University of Baltimore School of Law, where he team is worth $1.3 billion.
was an Archon the Ecumenical Patriarchate and was class valedictorian, and went onto a lucrative Angelos and his wife, Georgia, have two sons:
passed away in 1980 after years of philanthropic career in trial law, specializing in cases involving John, who serves as the Orioles’ executive vice
In 2010, Gulf Oil L.P., a subsidiary of Cumberland contributions to various charities. harmful products, professional malpractice, and president and Louis, an attorney at the family law
Farms, announced it had acquired all rights, title personal injury. office. Angelos began to cede control of the Orioles
10
and interest to the Gulf brand in the entire United His firm, the Law Offices of Peter G. Angelos, to his sons starting in 2017. Amid rumblings of a
States and its territories. About 5 years later, Cum- PETER G. ANGELOS - has attorneys and locations in Maryland, Dela- potential sale or a move out of town a few months
berland Farms sold Gulf Oil for a reported $1 billion Maryland ware, Pennsylvania, and Tennessee. Angelos be- ago, John was quoted saying that the Orioles would
in order to “get out of the wholesale business and $2.0 BILLION gan working as a criminal defense lawyer follo- be in Baltimore “as long as Fort McHenry is stan-
focus exclusively on retail.” (Celebrity Net Worth) wing graduation. For most of his legal career, he ding watch over the Inner Harbor.” Relatedly, on
Until October of 2019, Cumberland Farms was LAW, MAJOR LEAGUE BASEBALL was a successful attorney representing Baltimore February 22nd, Baseball Commissioner Rob Man-
one of America’s largest family-owned convenience labor unions and their members through his own fred expressed optimism that the Orioles’ franchise
University of Baltimore;
store chains – and one of the largest family-owned private practice, which he founded in 1961. Be- was solid in remarks he made at a news confe-
companies of any kind in the United States. A clo- Married, 2 children ginning in the 1980s, he refashioned his firm’s rence. He said, “I have spent a considerable amount
sely held family-owned company since its inception, focus from criminal law to civil class action suits. of time with the Angelos family this off-season. I
Cumberland Farms grew to become a multi-billion- Peter G. Angelos finishes off our top ten weal- His law firm and wealth expanded exponentially think the family is committed to making baseball
dollar corporation – in 2017 alone, the company thiest Greek-Americans of 2020. Angelos, now 90, in 1982, when he represented 8,500 plaintiffs – as good as it can possibly be in Baltimore. They’re
reported $6 billion in revenues. Lily Haseotes Ben- is an attorney based in Baltimore and is best known the largest number of plaintiffs ever – in an asbe- excited about [general manager] Mike Elias and
tas, daughter of Vasilios and Aphrodite Haseotes, for being the owner, chairman and CEO of Major stos litigation and won. He reportedly made over his team in terms of their ability to make the fran-
BUILDING COMMUNITY FINANCING AVAILABLE
❚ OPERATING CAPITAL
TOGETHER ❚ BUYING/SELLING A RESTAURANT
WITH OR WITHOUT REAL ESTATE
❚ NEW EQUIPMENT
❚ RELOCATING OR RENOVATING
Chris Mavris Morgan
CELL: 201-522-7037 ❚ EMAIL: CM@LWGR.US
Our highly trained executives, with complete confidentiality
and based on their many years of experience and know-how,
Sofia and Angelo K. Tsakopoulos will design the loan especially for you to suit your specific needs
and
AKT Development Corporation
ab
7700 College Town Drive, Suite 101, Sacramento, CA 95826
(916) 383-2500 310 PASSAIC AVE. SUITE 204 A BUILDING B, FAIRFIELD, NJ 07004
Sacramento
State University
Hellenic Studies
Proudly offering an interdisciplinary undergraduate
Minor in Hellenic Studies.
Host of the 2019 Modern Greek Studies Association
International Symposium and one of the future hosting cities
for the 200th anniversary of the Greek War of Independence.
We would like to thank
Angelo K. Tsakopoulos and Tsakopoulos Investments
for their continued support!
ab
For more information please email
Dr Katerina Lagos • klagos@csus.edu❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America SPECIAL EDITION FEBRUARY 2020 13
chise as competitive as possible.” Leaders for 2018 list. He is also on the Board of locales. The company, according to Forbes, cur-
A lifelong Democrat, Angelos has thrown his Directors of Harvard Business School and the rently owns almost 60,000 apartments along the
hat into the political arena as well. He won election Board of Trustees of New York University School West Coast (with sales of $1.4 billion as of 2018).
to the Baltimore City Council and served on the of Medicine. Marcus is also one of the original founders of Plaza
Council from 1959 to 1963. He also ran for mayor In July 2014, Dimon said he had been diagnosed Commerce Bank and Greater Bay Bancorp. He
as an independent in 1964, but lost. He has been with throat cancer. The following December, he an- served on Greater Bay’s board of directors until it
an active supporter of national Democratic candi- nounced to his staff that he had concluded treat- was sold to Wells-Fargo in 2007 for $1.5 billion.
dates. ment and that after testing, his doctors found no Along with another Greek-American couple,
Angelos has been active in charitable programs evidence of cancer in his body, although he will George and Judy Marcus opened the successful
in the city and state. He enjoys horse racing and continue to be monitored. Even though he contin- Evvia restaurant in Palo Alto in 1995, and its sister
owns thoroughbred horses. He has given $10 mil- ued to work during his treatment, he had cut back restaurant Kokkari in San Francisco in 1999. Known
lion to his alma mater, the University of Baltimore; on his schedule. By 2016, it appeared the cancer for its rustic and elegant cuisine and environment,
in return, the new law school building bears the was in remission and he had a good long-term Kokkari enjoys its standing as the premier Greek
name of his parents: The John and Frances Angelos prognosis. restaurant and a favorite of the local Democratic
Law Center, which opened in April 2013. That same establishment.
12
year, he gifted $2.5 million to the MedStar Franklin
Square Medical Center in Baltimore to open a lung GEORGE M. MARCUS -
disease center. California
$1.6 BILLION (Forbes)
three daughters, Judith Kent. Upon graduating in
11
REAL ESTATE
JAMIE DIMON 1982, Sanford Weill convinced him to turn down
New York San Francisco State University
offers from Goldman Sachs and Morgan Stanley,
$1.7 BILLION (Forbes) and instead to join him as an assistant at American (Economics); Married, 4 Children
FINANCE Express. Through a series of unprecedented merg-
ers and acquisitions that ensued, they formed Cit- Born George Mathew Moutsanas in 1941 on
Tufts University (Psychology &
igroup, then the largest financial services conglom- the island of Evia in Greece during World War II,
Economics); Married, 3 children erate in the world. Weill was the one who made George Marcus, now 78, emigrated to the United
the deals, but Dimon was the “whiz kid” who made States at the age of 4. His family settled in San
Jamie Dimon, 63, is chairman and CEO of Amer- the numbers work. Dimon left Citigroup in Novem- Francisco’s blue-collar Potrero Hill neighborhood,
ica’s largest bank JPMorgan Chase, and considered ber 1998 due to an internal conflict with Weill. where, he has said, his top priority was fitting in. It
one of the nation’s most powerful people. For the 2013 fiscal year Dimon received a 74% was in this neighborhood that Marcus eventually Marcus supports many organizations of the
Dimon was born and raised in New York City pay raise to $20 million, which has continued to met his future wife, Judy. According to an interview Greek-American community. In 2008, he co-
with his older brother Peter and his fraternal twin increase since (his current salary is $31.7 million, with the Nob Hill Gazette, Marcus was friends with founded and is the current Chairman Emeritus of
Ted. To ensure their surname sounded French (and after a record 2019 profit for JPMorgan). The Wall Judy’s younger brother – they knew each other the National Hellenic Society, which brings together
not Greek), his paternal grandfather changed the Street Journal said that Dimon looks set to remain since elementary school. However, it wasn’t until distinguished Greek-Americans on a national level
family surname from Papademetriou to Dimon the highest-paid CEO in the banking industry. after Marcus came home from the military that his to preserve their heritage. His considerable com-
when he emigrated from Smyrna. Dimon’s grand- According to Forbes’ 2019 list of the world’s friend, Judy’s brother, suggested that he should mitments to the Greek Orthodox Church and the
father became a broker and passed his knowledge largest companies, JPMorgan is the largest and go on a date with his sister. Community include memberships on the boards
of the business onto his son, Theodore (Dimon’s most powerful public company in the country, and Marcus completed his undergraduate studies of directors of the Modern Greek Studies Founda-
father). Dimon’s father and grandfather worked to- second in the world behind one Chinese bank in Economics at San Francisco State University in tion, the Greek Orthodox Metropolis of San Fran-
gether for 19 years and Jamie joined them during (ICBC). Its market value was estimated at nearly just two and a half years, and founded the Uni- cisco, International Orthodox Christian Charities,
the summers in their New York office. In a 2016 $370 billion. It is one of the oldest financial institu- versity’s first economics club. He also served as the Elios Society of Northern California, Leadership
interview with CNBC, Dimon said that he and his tions in the United States, with a history dating a member of the Board of Trustees of the Califor- 100, and many others. He is also involved with The
family were very ‘tight’ – so when both of his par- back over 200 years, a presence in over 100 mar- nia State University System in 1981-89. He was Hellenic Initiative, the Washington ‘Oxi’ Day Foun-
ents died within a few hours of each other in that kets, and over 250,000 employees. The firm has named SFSU Alumnus of the year in 1989 and dation, and the Taube Foundation.
same year, it was very tough on him. assets of $2.7 trillion and serves millions of cus- one of its 11 Distinguished Centennial Alumni in In February 2017, The National Herald reported
As a boy, Dimon attended the Browning School, tomers in the United States and many of the world’s 1999. He and his wife (also an SFSU alum), helped that Marcus donated $1 million to the Hellenic Col-
a prestigious all-boys prep school on New York’s most prominent corporate, institutional, and gov- create SFSU’s International Center for the Arts lege and Holy Cross Theological School (HCHC) in
Upper East Side. He later majored in psychology ernment clients. with a $3 million gift. Marcus also helped develop Massachusetts. And just a few weeks ago, he do-
and economics at Tufts University, and earned his Dimon has been on Time magazine’s list of the SFSU’s Greek Studies program, and chairs its nated another $2M towards the rebuilding of the
MBA from Harvard University Business School 100 most influential people in the world four times Modern Greek Studies Foundation, which sup- St. Nicholas Greek Orthodox Church and National
where he met his future wife and mother of his since 2006 and on Fortune’s World’s Greatest ports the Nikos Kazantzakis Chair for Modern Shrine at the World Trade Center in Manhattan.
Greek Studies. The Marcuses also support non-Greek causes
Marcus went on to found G.M. Marcus & Com- as well. For example, last year, they gave San Fran-
pany, which evolved into Marcus & Millichap Com- cisco State University a $25 million gift to benefit
pany (MMC), with the help of his business partner, the school’s liberal arts program (the largest grant
William A. Millichap four decades ago. MMC is one ever given to that institution). Earlier this year they
of the country’s premier providers of investment gave $10M to Cristo Rey San Jose Jesuit High
real estate brokerage services, and the parent com- School which will be used to establish an endow-
pany of a diversified group of real estate, service, ment – a gift that the school’s president calls “trans-
investment, and development firms. According to formational.”
Forbes, MMC closed nearly 9,000 transactions val- The Marcuses have also been major political
ued at $42.3 billion in 2016. donors, mostly to Democratic and liberal causes.
MMC’s featured company, Marcus & Millichap Most recently, Marcus has become one of Joe
Real Estate Investment Services, has established Biden’s largest donors (according to Forbes). He
itself as a leading real estate firm with more than gave $1M to a super PAC supporting the former
1,200 brokers in markets throughout the United vice president in December and hosted a fundraiser
States. With dozens of offices across the United for him in the fall.
States and Canada, the firm concentrates on in-
13
vestment brokerage, and provides financing and
research services to both buyers and sellers. Mar- JAMES S. CHANOS -
cus & Millichap Real Estate Investment Services New York
went public with 6 million shares in October 2013, $1.5 BILLION
(Celebrity Net Worth)
KIM COOK/AP IMAGES FOR JPMORGAN CHASE & CO.
generating net proceeds to the company of about
Denver Receives a $7 Million Investment $34.6 million. In 2015, due to the company’s suc- INVESTMENTS
to Help Prepare Youth for Work cess, Marcus’ net worth catapulted him from mil-
Yale University (Economics & Political
lionaire to billionaire.
Marcus is also chairman of Essex Property Trust, Science); 4 children
Chairman and CEO of JPMorgan Chase, Jamie Dimon with Pinnacol Assurance apprentices and
program leads before the launch of a multimillion-dollar career readiness investment on Wednesday, a publicly held, multi-family real estate investment
Feb. 12, 2020 in Denver. Denver is one of 10 global cities receiving the investment from JPMorgan trust (REIT). Located in Palo Alto, CA and traded James S. Chanos, 62, is a second generation
Chase. From left: Cheyanne Greer; Julie Wilmes; Apprentice Angela Mendoza-Rico; Chairman and on the New York Stock Exchange, Essex is a fully Greek-American who grew up in Milwaukee, WI.
CEO of JP Morgan Chase Jamie Dimon; Apprentice Eric Miller; Apprentice Moniqe Lane; Phil Kalin, integrated REIT that acquires, develops, and rede-
President and CEO, Pinnacol Assurance; Apprentice Sharon Avina-Nunez and Mark Tapy. velops apartment communities in select west coast Continued on page 14
Beauty ❙ Dignity ❙ Security
St. Michael's Cemetery offers a full range of options
including our beautiful Mausoleum of St. Mary
as well as graves, headstones, and cremations.
One of the greatest gifts you can offer your loved
ones is the security and knowledge
of having everything taken care of. St. Michael
is a religious cemetery open to all faiths.
We proudly acknowledge that the beautiful designed
Mausoleum of St. Mary is available to people.
For more information,
inclounding a free Resource Guide
please contact:
Mr. NIKOLAOS
P. PAPAMICHAEL
ab
Mausoleum of (917) 687-9856
St. Mary
nick@stmichaelscemetery.com
We assure you that
Mr. Nikolaos P. Papamichael,
Discount continuously provides his highly
$1,000 professional services to our Community
Discount available with the purchase of a crypt
at the Mausoleum of St. Mary's
with pride
($500 per person) and great responsibility
(718) 278-3240
72-02 Astoria Blvd., East Elmhurst, NY 11370 ή επισκεφθείτε την ιστοσελίδα μας στο
www.stmichaelscemetery.com
You will be greatly satisfied with your choice!
Discount available with the purchase of a crypt
at the Mausoleum of St. Mary'sYou can also read
