SPECIAL EDITION FEBRUARY 2020

50 WealtGREhEKS iIN eAMsERIt CA 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 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 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, , 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

JIM DAVIS & FAMILY - Davis, now 77, is the Massachusetts-born son 320 running shoe. Davis’ wife, Anne, joined the 1Massachusetts of Greek immigrants. He graduated from Middle - company in 1977 and now serves as NB’s Vice $7.7 BILLION (Forbes) bury College with a degree in biology/chemistry Chairman. The company has since grown, remai - NEW BALANCE but soon realized he didn’t enjoy school (“hated ning one of the few shoemakers that continues 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

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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 firm, 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 . 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 , 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, . 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 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$3.3 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 '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: 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 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 TOM GORES - California res to become a minority owner of the Pistons. of his achievements. small Greek island of . Catsimatidis, now 26.6 BILLION (Forbes) Rose is a Detroit native, grew up idolizing the De - In 2013, Catsimatidis self-funded a campaign 71, is a true self-made billionaire – getting there EQUITY INVESTMENT, SPORTS troit franchise and has a longstanding relationship for Mayor of NYC in which he finished a strong se - through decades of hard work and innovation. State University 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 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 , 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 SPECIAL EDITION FEBRUARY 2020 5 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America 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 . 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. 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. His John Paul Mitchell Systems hair products, still 4$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 Married, 4 Children the United States and are distributed throughout also served on the Federal Home Loan Mortgage 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 Medal of Honor. was 2, DeJoria has known poverty repeatedly: first Chapman’ University’s School of Business and 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 5$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 Chapman University versity. 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 , 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 SPECIAL EDITION FEBRUARY 2020 7 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America 8 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙ SPECIAL EDITION FEBRUARY 2020 9 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America

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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.

C. DEAN METROPOULOS - to acquire and revitalize brands with deep roots in 6 Florida 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, Babson College; Married, 2 Children such as Perrier Jouet and Mumm Champagnes, 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 , 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 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

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(IFG). Every three years, the IFG honors distingui - ALEC GORES - California shed members of our community for their contri - 8$2.1 BILLION (Forbes) butions to enhancing the country’s international 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. "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 7$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 Married, 3 children terventional medical specialties, including inter - The elder Gores, Charlie, emphasized hard work Learning Lab Ventures) in 2010. The organization 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." 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. 8$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 , 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 12 12 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 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 . The Orioles enjoyed some success early under land Farms into an outstanding portfolio of large, Angelos was born in , 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 . 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 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 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 10 $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, was a successful attorney representing Baltimore February 22nd, Baseball Commissioner Rob Man - one of America’s largest family-owned convenience University of Baltimore; labor unions and their members through his own fred expressed optimism that the Orioles’ franchise 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 [] 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 -

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For more information please email a Dr Katerina Lagos • [email protected] SPECIAL EDITION FEBRUARY 2020 13 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America 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. 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 12 $1.6 BILLION (F orbes ) three daughters, Judith Kent. Upon graduating in REAL ESTATE JAMIE DIMON 1982, Sanford Weill convinced him to turn down San Francisco State University New York offers from Goldman Sachs and Morgan Stanley, (Economics); Married, 4 Children 11 $1.7 BILLION (Forbes) and instead to join him as an assistant at American FINANCE Express. Through a series of unprecedented merg - Tufts University (Psychology & ers and acquisitions that ensued, they formed Cit - Born George Mathew Moutsanas in 1941 on 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 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 - 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 $1.5 BILLION KIM COOK/AP IMAGES FOR JPMORGAN CHASE & CO. went public with 6 million shares in October 2013, 13 generating net proceeds to the company of about (Celebrity Net Worth) 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. Science); 4 children Chairman and CEO of JPMorgan Chase, Jamie Dimon with Pinnacol Assurance apprentices and Marcus is also chairman of Essex Property Trust, 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

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Continued from page 13 Leonsis and his wife, Lynn, live in Potomac, MD paign. He sharpened 's edge in technology in a 20,000 square foot home that Franklin Roo - innovation; delivered on 12 consecutive quarters His father owned a chain of dry cleaning stores in sevelt, and later, Joe Kennedy (the father of Presi - of revenue growth; streamlined the business to in - Milwaukee and his mother worked as an office dent John F. Kennedy), used to rent over the sum - crease operating efficiencies worldwide; signifi - manager at a steel company. mer. They have a son, Zachary, and a daughter, cantly improved the balance sheet, and acquired Chanos is informally known as “’s Elle. and divested businesses to strengthen the com - most notable bear.” In 1985, he founded Kynikos pany's competitive position. During his tenure, the Associates (in Greek, “kynikos” means cynic) – the company doubled its revenue and achieved double world’s largest exclusive short-selling fund EDWARD ZANDER - digit earnings for the first time in over a decade. – after a Wall Street career as a financial analyst. California Currently, Zander is a member of the board of Today, Chanos serves as president of Kynikos, 15 $1.3 Billion (Wallmine) directors at , Netezza Corp., which has offices in New York and London. He is TECHNOLOGY and NetSuite, as well as a member of several advi - renowned for predicting – and profiting from – the Rensselaer Polytechnic Institute; sory boards of civic, philanthropic and educational 2001 Enron Corporation scandal. foundations, like Jason Foundation for Education, Chanos’ speculations catapulted him into bil - Married, 2 children Rensselaer Polytechnic Institute and School of lionaire status just a few years ago, where he has Management at Boston University. remained. Brand new on The National Herald’s list this In January of last year, Zander and his wife were Chanos has a long and distinguished history of year, Edward Zander is the son of Jewish immi - honored with the Catalyst Award (the Glaucoma making shrewd predictions, having identified sev - grants from Greece and Poland. His father report - Research Foundation’s highest honor) at the Glau - eral financial meltdowns such as Boston Chicken, edly dreamed of becoming a lawyer, but instead coma 360 Annual Gala for their commitment to ad - Conesco, and Tyco International. In 2000, he started settled for a job as a furrier in order to support his vancing medical research. investigating Enron. One year later, predicting the ill parents. Zander’s mother, blind with glaucoma, company’s financial problems, he became Enron’s emigrated from Greece after her entire family was short seller. By the time the Enron scandal was wiped out by Turkish nationalists in 1922. DR. GEORGE public, Kynikos Associates profited greatly. Financial Zander was given the nickname ‘Fast Eddie’ YANCOPOULOS magazine Barron’s mentioned his early prediction by his friends largely because of his Brooklyn 16 New York of Enron’s fall as “the market call of the decade, if roots. According to a Boston Globe article, he fre - $1.2 Billion (Forbes) not the past fifty years.” Later on, Chanos success - Leonsis graduated from Lowell High School in 1973 quently demonstrated the "hustle of a street kid PHARMACEUTICALS fully predicted Sotheby’s stock drop – it plummeted and attended with the fi - spoiling for a good fight"; Zander himself re - ; 4 children in November 2007 from $57 to $10. He even fore - nancial help of a businessman named Jim Shannon marked, "I'm from New York, so I'm New York saw the global financial meltdown of 2008. In April for whom Leonsis had worked for as a lawn mower. fast.” 2007 at a finance ministers’ conference in Wash - After graduating in 1977 (the first in his family to Zander's first career choice was electrical en - Dr. George Yancopoulos, 60, joined Regeneron ington, DC, he warned that American banks and obtain a university education), he moved back to gineering, which he studied at Rensselaer Poly - Laboratories in 1989 as its Founding Scientist and brokerage firms were highly vulnerable to a real his parents’ home in Lowell. technic Institute in Troy, New York. After graduat - is currently the company’s President and Chief Sci - estate crash because of the vast amounts of dubi - Few people have roots as deep in the computer ing in 1968, he moved to Boston to fill a position entific Officer. ous mortgages they held. More recently, Chanos industry, or as much knowledge and experience of as an engineer at the defense supply firm Born and raised in New York, Yancopoulos hails has taken swipes at the electric car maker, Tesla its history and potential. In 1980, Leonsis started Raytheon Company. However Zander quickly from Kastoria. His grandfather, George Danis Yan - (and Elon Musk), claiming that the company's eq - his own company, which grew quickly, and sold it learned that he was, as he described to the Boston copoulos was born in Kastoria before it was liber - uity is “worthless.” to International Thompson for $60M one year later. Globe, a "lousy engineer" (June 19, 2000). ated from the Turks. “He escaped to Austria…taught More recently, in October of 2019, Chanos bet Establishing himself as a pioneer of the Internet Zander spent many decades in the technology himself German somehow, and remarkably got a against Grubhub. He said that the food delivery and new media, Leonsis participated in launches sector and has played a key role in shaping some degree in electrical engineering,” Yancopoulos says company makes almost nothing per order and is of the Apple MacIntosh, the IBM PC, and the Wang of the major paradigm shifts in technology that im - about his grandfather. His grandfather eventually running into competition and labor issues. In an in - office automation. He has led four businesses that pact the world today. These include the move from returned to Greece and with his business partners terview with the Financial Times, Chanos said that have grown at record rates: he built Wang WP (who mainframes to minicomputers; minicomputers to built many of the first electrical power plants there. October actually ended up being “one of [his com - developed the first word processor) from a $200 workstations; PCs to networking and to the Inter - Dr. Yancopoulos’ father eventually emigrated to pany’s] best months – both absolutely and relatively million to a $1 billion company with the largest fe - net; hardware to software; and the revolution in America and pushed his children to get high paying – in a long time.” male management team in the country. He was wireless devices and mobility. jobs. As Yancopoulos became more interested in In March, 2006, Chanos created the Coalition founder and CEO of Redgate Communications Cor - the sciences, his father started getting worried that of Private Investment Companies, an organization poration, considered the first new media marketing he would become a scientist – a career he feared aimed at promoting hedge funds in Washington. company. He built AOL into the first $1 billion in - would not afford his son a good salary. However, Recently, the lobbying group has shifted its atten - teractive services company and the world’s biggest when Yancopoulos was 16 years-old, his father tion to Europe. media company, helping to increase its member - gave him an article from The National Herald (he Chanos appears regularly in the American media ship from fewer than 800,000 to more than 8 mil - didn’t read the American papers, just the Greek giving financial advice and predictions. He has long lion in a four-year span (1994-97). He retired from one, Yancopoulos once told us) which was about a been considered a “media operator” with a strong AOL in 2006 and currently serves as vice chairman certain Dr. P. Roy Vagelos who was leaving Wash - relationship with journalists that respect and pro - emeritus. ington University to join Merck as head of Research mote his ideas. Leonsis is probably best known for his involve - and Development. Chanos is a graduate of Yale University, where ment in our nation’s capital’s sports world. He is Yancopoulos remembers his father saying: “If he studied economics and political science. Organ - the founder, chairman, CEO and majority owner of you are going to become a scientist, at least be - izations he supports include the Washington “Oxi’ Monumental Sports and Entertainment (formed in come like Roy Vagelos,” and added “we Greeks Day Foundation, the George and Olga Tsunis Center 2010), which owns and operates the professional did not have many heroes growing up, but he gave for Hellenic Studies at Stony Brook University, and sports teams (National Hockey me Roy as my role model.” Faith: An Endowment for Orthodoxy and Hellenism. League), (National Basketball Yancopoulos went on to earn his MD and PhD He has also been known to be politically active; in Association), (Women’s Na - degrees from Columbia University, has authored June of 2019, he hosted a fundraiser for tional Basketball League), and the Verizon Center more than 350 scientific manuscripts, and was the in his home in Manhattan. in downtown Washington, D.C. The partnership eleventh-most cited scientist in the world in the Chanos is currently a lecturer in finance and a also operates Kettler Capitals Iceplex (the Wash - 1990s. In 1989, Yancopoulos went to Tarrytown, Becton Fellow at the Yale School of Management, ington Capitals’ training facility and front office New York where he started working at Regeneron. where he teaches a class on the history of financial headquarters) and the Yancopoulos helped Regeneron’s worth skyrocket fraud. He also serves on the Board of Trustees of Patriot Center. After spending five years with Raytheon he ac - 2,240% between 2011 and 2016. the Brooklyn Museum, the New York Historical So - Leonsis is also a co-founder and partner at Rev - cepted a position as a marketer with Data General He was selected in 2004 as a member of the ciety, and the National WWII Museum. He was di - olution Growth Fund, chairman of the Groupon Corporation, one of the pioneers of microcomput - National Academy of Sciences. Along with key vorced in 2006 and lives in New York City with his board of directors, and founder/chairman of Snag - ing. Two years later he had earned his MBA at members of his team, he is a principal inventor four children. Films, a website that allows online audiences to Boston University. His time with Data General and developer of Regeneron's seven FDA-approved find, watch and share documentary films. He has proved successful, with the company's sales in - drugs and foundational technologies, including the produced award-winning documentaries including creasing from $7 million in 1973, when he joined TRAP technology, VelociGene® and VelocIm - TED J. LEONSIS - Nanking, which told the story of the 1937 invasion the company, to $500 million in 1982. mune®. Just this month Regeneron announced Maryland of Nanking, China by the Japanese army. It pre - Zander then went on to become president and that the FRA approved EYLEA Injection to treat all 14 $1.3 BILLION miered at the 2007 Sundance Film Festival and chief operating officer of until stages of diabetic retinopathy – a disease affecting (Celebrity Net Worth) won a Peabody Award and an Emmy Award in 2002. During his 15 years at the company, he grew approximately eight million people. Yancopoulos INTERNET, , 2009. Sun to $18 billion in revenues; established the com - also developed “the most valuable mouse ever PROFESSIONAL SPORTS In 2015 he became Board Chairman of the Dis - pany as number one in the server market; and built made,” bred to have immune systems that respond trict of Columbia College Access Program, a private it into the pre-eminent supplier of network software just as a human’s would, so that it can be used for Georgetown University (American non-profit organization that encourages and en - infrastructure with Solaris and Java. In addition, Ed testing how the human body might react to various Studies); Married, 2 children ables public high school students to enroll in and was responsible for developing the "dot in dot com” pharmaceuticals and other substances. Most re - graduate from college. campaign establishing Sun as a leader in Internet cently, Regeneron has partnered with the U.S. gov - Theodore J. Leonsis, the grandson of Greek im - After surviving an airplane crash landing in 1983, computing. Before Sun, Ed worked at Apollo Com - ernment to develop an effective treatment for the migrants, was born to a family of modest means Leonsis resolved to “rethink [his] priorities and how puter as vice president of marketing and at Data new Chinese coronavirus, using drugs that the in Brooklyn, New York and spent his early years [he] planned to lead [his] life going forward.” He General in a number of marketing and engineering company developed to fight the Ebola virus. there. His family later moved back to his mother’s drafted a list of 101 goals to accomplish. To date positions. His career, featured in Forbes, showed how his hometown of Lowell, MA where Leonsis, worked he has completed 74 of the tasks, including owning However, what Zander is probably best known scientific ability and humility combined to help him as a lawn mower in order to make some money. a sports franchise, playing one-on-one basketball for is being chairman of the board and chief exec - develop drugs for patients with illnesses from According to an interview with N-Magazine, Leonsis with , and starting a family charity utive officer of Motorola. During his four-year tenure asthma to cancer and made the company a force said that when his guidance counselor evaluated foundation. (See the complete list at tedstake.com.) at the company, he made the RAZR the best-selling to be reckoned with in its field. his skill-set, she concluded that he was destined In 2010, he published The Business of Happiness: cell phone in history and reshaped Motorola's im - “We were a tiny company, but we had the most to work in a grocery store. She was very wrong. 6 Secrets to Extraordinary Success in Life and Work. age worldwide with the popular "Hello Moto" cam - powerful technology,” he says. “And sometimes

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poration” in the annual Fortune magazine poll for GEORGE D. BEHRAKIS seven consecutive years. During Vagelos’ tenure - Massachusetts there, Merck developed the cholesterol-lowering 18 $930 MILLION statins, MEVACOR and ZOCOR. (MassLive) Vagelos is sometimes called the father of ‘phar - PHARMACEUTICALS macophilanthropy’ for his decision that Merck con - Northeastern University; tribute the drug MECTIZAN free to cure millions of Africans of river blindness. Married, 4 children Since 1995, Vagelos has been chairman of biotech company Regeneron Pharmaceuticals, George D. Behrakis, now 86, is the son of Greek which employs 7,400 people and had sales of $6.7 immigrants. Born on New Year’s Day in 1934, billion in 2019 (Forbes). He is also currently the Behrakis was raised in Lowell, MA. chairman of Theravance, Inc. (which he also Behrakis graduated from Northeastern Univer - founded), another biopharmaceutical company, sity in 1957 with a degree in pharmaceuticals. After based out of California. completing his military service, Behrakis began his After retiring from Merck (due to the company career in 1959 at McNeil Laboratories (a division rule that CEOs retire at age 65), Vagelos was chair - of Johnson & Johnson) where he and his team cre - man of the University of Pennsylvania’s board of ated Tylenol (which eventually became a household trustees from 1994 to 1999, having served as a name). Thus began Behrakis career as a recognized trustee since 1988. He has funded three of the leader in the pharmaceutical industry. In 1968, he university's most elite undergraduate programs: founded Dooner Laboratories, which developed the Vagelos Scholars Program in Molecular Life and manufactured a leading asthma medication, that’s what counts,” he told the magazine. Sciences, the Vagelos Program in Life Sciences Slophyllin and Slobid. He sold the company to supra, the Hellenic Post issued stamps dedicated “George sees and feels biology in ways very and Management, and the Vagelos Integrated Pro - Rhone-Poulenc Rorer (now Aventis) and purchased to Behrakis for his contribution to enhancing the few scientists really can,” said Elias Zerhouni, the gram in Energy Research. His charity work at the ophthalmic firm Muro Pharmaceuticals in 1978. country’s international presence in the field of phi - President of Global R&D at Sanofi, Regeneron’s University of Pennsylvania includes sponsoring Behrakis sold his eye care products to Bausch and lanthropy. partner on most of its drugs. “It is this creative in - scholarship/study programs as well as the Roy and Lomb and searched for new products, including Behrakis, a former president of the Holy Trinity tuition combined with scientific rigor that makes Diana Vagelos Laboratories. pharmaceuticals for asthma and allergies. Behrakis Greek Orthodox Church in Lowell, is a member of him special in my view.” sold the firm to Asta-Medica AG, a division of Ger - the Archdiocesan Council’s Executive Committee Yancopoulos defers to his team of scientists man conglomerate Degussa, retiring as president and an Archon of the Ecumenical Patriarchate and and the man who hired him, fellow billionaire and CEO in 1998. is a chairman emeritus of Leadership 100. He and Leonard Schleifer, who said his find has “immense He became best known, perhaps, for his talent Margo have been married for over 50 years and talent and genius.” in solubilizing previously insoluble chemicals and have four children and several grandchildren. Yancopoulos works at his science like a scien - making them stable for medical use. With the help A recipient of innumerable awards for his con - tist, not like a man interested in the money it of Behrakis, Northeastern University and the Med - tributions to business, science, the arts, and the brings. Nevertheless, in 2017, Yancopoulos took ical Center in Boston opened the Behrakis Health Greek Orthodox Church, he sits on the board of home approximately $270 million, based on cal - Sciences Center (which houses the Northeastern trustees of the Boston Symphony Orchestra and culations of his actual realized stock gains (which Schools of Health Professions Nursing and Phar - is vice chairman emeritus of Northeastern Univer - was the largest paycheck of any health care ex - macy) and created the Center for Drug Discovery sity. He has served on many boards of both public ecutive in 2017). in 2003. and private companies. He is currently on the ad - The money hasn't gone to his head: he does Behrakis is truly a well-deserved renowned phi - visory board of the Harvard School of Public Health his kids’ laundry and dresses in the worn Oxfords lanthropist. He and his wife Margo established the and most recently joined the Board of Directors of and khakis of an academic scientist, Forbes wrote. Behrakis Foundation, a private family foundation AZTherapies, Inc., a biopharmaceutical company He is uncomfortable discussing his wealth but in Massachusetts. Through this foundation they developing therapeutics to extend brain health. hopes that the very thought of it, generated by have funded major initiatives including establishing In December 2015, Behrakis was given an hon - lifesaving drugs, might serve “as an inspiration to chairs and scholarships at various universities and orary doctorate from the Medical Faculty of the kids who (might) otherwise become hedge fund medical centers (for example: Northeastern Uni - National and Kapodistrian University of Athens for managers.” versity, University of Mississippi, Hellenic his contributions to science, pharmaceuticals, and College/Holy Cross School of Theology, Tufts Uni - medicine, and for his extensive humanitarian en - versity, Johns Hopkins University, Bringham and deavors. DR. P. ROY VAGELOS - Women’s Hospital and many others). They also es - Extremely moved by the experience, he told New Jersey Between 2005 and 2013, the couple contributed tablished and donated the George D. Behrakis Re - TNH in February, 2016 that “you can receive a lot 17 1.0 BILLION (TNHE) $31.6 million to the University of Pennsylvania for search Lab, a state of the art laboratory for Lung of honors, but when you receive an honor from PHARMACEUTICALS, HEALTHCARE studies in energy research and the life sciences. Function Testing, to the Hellenic Cancer Society in your own, your family, being first-generation Greek, University of Pennsylvania (Chemistry); In April of 2019, the couple added to that sum by 2008. He has also recently embarked on the revi - to receive an honor from Greece is one of the high contributing an additional $50 million to Penn in talization of the business community in his home - points of my life.” Married, 4 children order to build a center to connect physical scientists town in Lowell through the renovation of historic and engineers who are focused on energy-related buildings. Dr. Pindaros Roy Vagelos, now 90 years old, solutions. It is the largest gift in the history of the However, of all his philanthropic endeavors, the KOSTA & TOM was born in Rahway, NJ in 1929 – just before the School of Arts and Sciences. As The National Herald most dear to Behrakis is the anti-smoking campaign KARTSOTIS infamous stock market crash. In 1943, about 20 reported in May 2016, the Vageloses’ philosophy in Greece (Smoke Free Greece) he helped fund. 19 $902 MILLION (TNHE) years after they had emigrated to the United States is simple: “giving back.” Almost a decade ago, he was shocked to see two WATCHES, LEATHER ACCESSORIES from Asia Minor, Vagelos’ parents, Herodotus and Vagelos is also the founding chairman of Co - women passing out free cigarettes to 11 and 12- Marianthi Vagelos bought a restaurant (then known lumbia University Medical Center’s board of advi - year-old girls in front of a school in the wealthy as Estelle’s Luncheonette), where Vagelos and his sors, and chaired the center’s capital campaign, Athenian suburb Kifisia. Behrakis gave a $1.8 mil - Kosta, 66, and Tom Kartsotis, 59, are founders two sisters worked during their adolescence. Ac - which passed its target of $1 billion. In 2010 the lion grant in 2010 to the Harvard University School of the Fossil Group, Inc., whose brand is widely cording to the Columbia University Magazine, the Vagelos couple contributed the lead gift to Columbia of Public Health to study smoking in Greece. His associated with watches, jewelry, and other ac - family ate dinner there six nights a week. Vagelos, University Medical Center for a new medical and goal was to reduce smoking among Greece’s youth cessories, as well as clothing. described as a “violin-playing, sports-loving math graduate education building. Seven years later, it by 35 percent and to date, he has come very close. Kosta serves as chairman and CEO of Fossil. whiz at Rahway High,” worked behind the counter was announced that the Columbia University’s Col - Since then he has donated more funds to publish Meanwhile, Tom, who founded the company, still every day after school as a soda jerk, a dishwasher, lege of Physicians and Surgeons would be renamed a self-help guide to quitting, produce school pro - owns a small stake, but in 2003 founded Bedrock and as a potato peeler. the Columbia University Roy and Diana Vagelos grams, and further study at the academy of Athens Manufacturing (named after the hometown of the Vagelos earned his bachelor’s degree with hon - College of Physicians and Surgeons in recognition on the effects of smoking. Flintstones of cartoon fame), a Texas-based private ors in 1950 from the University of Pennsylvania. of a $250 million gift given by Vagelos to the col - Probably no institution has received as much equity and brand management firm, which takes He then went on to earn a medical degree from lege. A substantial part of the donation ($150 mil - from Behrakis as the Boston Museum of Fine Arts. up most of his time. Under this firm, Tom launched Columbia University in 1954. After an internship lion) would be used to endow a fund that will help His relationship with the museum dates back to Shinola, a high-end watch brand, famous for being and residency at Massachusetts General Hospital eliminate student loans for medical students who his high school days, when his uncle, John Zaroulis, manufactured in Detroit. in Boston (1954-56), he joined the National Insti - qualify for financial aid. Altogether, the Vageloses took him to see the galleries. Later, Behrakis would Tom dropped out of Texas A&M and traveled to tutes of Health (NIH) in Bethesda, MD. At NIH from have been responsible for about $450 million in host parties at the Museum. He became a member Asia with a plan to import cheap toys – but ulti - 1956 to 1966, he served in the National Heart In - philanthropy to Columbia’s medical school alone. in 1989, a patron in 1996, and an overseer in 1998. mately decided on Asian-made, moderately priced, stitute, holding positions in cellular physiology and The author of several books, including an auto - Then, one day in 2001, Behrakis showed up for watches. With $200,000 that he had earned from biochemistry – first as senior surgeon, then as head biography, Medicine, Science and Merck, and more lunch with MFA Director Malcolm Rogers and scalping tickets, Tom opened a company importing of Comparative Biochemistry. In 1966, Vagelos than 100 scientific papers, Vagelos was elected to handed him a sealed envelope. Inside was a check watches from Hong Kong – which ultimately mor - joined the Washington University in St. Louis School the American Academy of Arts & Sciences and the for $2 million to endow Christine Kondoleon’s po - phed into the brand called Fossil. Kosta helped get of Medicine as chairman of its Biological Chemistry National Academy of Sciences in 1972, and to the sition as curator of Greek and Roman Art. He has the line into department stores. Tom and Fossil Department where he founded the division of Bi - American Philosophical Society in 1993. He has given $25 million to the museum since 2006 and head designer Lynne Stafford (who he later married) ology and Biomedical Sciences. received honorary degrees from 14 institutions, in - the museum now has the new George D. and put their own spin on the watches and in less than Since then, he has had a long and distinguished cluding the University of Pennsylvania, Columbia, Margo Behrakis Wing, which houses Greek, Ro - ten years, the brand ended up going public and, career in healthcare, and particularly in pharma - Harvard, Princeton and Washington Universities. man, and Egyptian galleries. along the way, grew from a small watch company ceuticals. It was in 1975 that Dr. Vagelos left aca - He also currently serves on the boards of the Na - In 2011, the 50 plus-year-member of AHEPA into a global lifestyle brand, selling billions worth demia to join Merck, which he led with great dis - tional Math and Science Initiative and The Nature was honored with the organization’s Archbishop of watches, handbags, and clothing annually. tinction both as a scientist and visionary corporate Conservancy. Iakovos Humanitarian Award in Orange, CT. In Oc - Based in Richardson, Texas, Fossil was founded leader, first as Senior Vice President for Research, Vagelos has been married to his wife, Diana tober 2014, he was honored by The Hellenic Initia - in 1984, has almost 11,000 employees and sells and then starting in 1984 as CEO. (nee Touliatos) for almost 65 years. They live in tive, a non-profit institution focused on supporting its products in 120 countries around the world. The Merck was very respected under his leadership, New Jersey and have four children and several Greece through crisis relief, entrepreneurship, and having been voted “America’s Most Admired Cor - grandchildren. economic development. Like Metropoulos, featured Continued on page 16

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Continued from page 15 opportunity to purchase a very small vending com - University of Maine-Orono, but worked his way pany known as Automatic Vendors. His decision to through his studies and earned a B.S.E.E. degree, company designs and manufactures accessories seize the opportunity later resulted in him running driven by a love of mathematics and the sciences. and its brands include Fossil, Relic, Abacus, Michele a multi-million-dollar corporation. His parents arrived in the U.S. in 1969 and the fam - Watch and Zodiac. Fossil also branched into the From the beginning, he was determined to make ily settled in Boston. sale of leather goods and other accessories in the his business a success. Insisting on absolutely no He then started working at local utility New Eng - 1990s. The company works closely with other shortcuts, he differentiated himself from the com - land Electrical Systems (NEES), earning an MBA brands such as Burberry, DKNY, Emporio Armani, petition by providing homemade “from scratch” and MSEE from Northeastern University along the Columbia Sportswear, Diesel, Michael Kors, Kate fresh foods for the refrigerated vending machines way. Then, Sakellaris explains, “in 1979, while Spade and Adidas. Fossil also produces collectibles, he serviced. The company has grown immensely working for New England Electric, NEES Manage - some of which are based on popular films or pop with 6,500 locations in 44 states and serves mil - ment wanted to establish a company to promote culture characters. lions of consumers daily in some of the most pres - energy efficiency to avoid the need to build new In 2011, Tom Kartsotis’ Bedrock and Swiss tigious institutions in America, including industrial generation plants. They asked me to lead that ini - movement maker Ronda embarked on a joint ven - centers, corporate headquarters complexes, uni - tiative and I welcomed the challenge.” ture to create Shinola, a Detroit-made watch col - versities, school systems and healthcare facilities The subsidiary he launched was called NEES lection. According to Forbes, Shinola had originally throughout the country. Their clients include Ohio Energy. Then in 1990, Sakellaris purchased NEES been a shoe polish that was created by the Amer - State University, FedEx, DirecTV, BMV of North Energy and it became the energy conservation ican Chemical Manufacturing Company, founded America, Xerox, General Electric, Wellesley College, company he re-named NORESCO. In 1997, he sold in 1877 in Rochester, New York. The company Progressive Insurance, that industry-leading independent energy services made cleaning products and shoe and boot polish Medical Center, Verizon, and Xerox. Intensely pri - company to Equitable Resources (EQT), a Fortune that the company called Shinol’a. The product was vate, Payiavlas runs the company as chairman of 500 company. Sakellaris continued to lead packaged in a tin with an easy lift-off lid and be - the board, while his son Anthony is president and NORESCO and was appointed as a Senior Vice came so popular that by 1917, the company be - CEO and his daughter Patrice (Patsy) Kouvas serves President of Equitable Resources. In January 2000, came known as The Shinola Company. The phrase - five of which were in active duty flying the B-52 as vice chairman (they have come a long way since he left EQT and three months later founded “You don’t know S**t from Shinola” was coined bomber and during the Vietnam War as a forward they first started at the business by sweeping the Ameresco. during World War II – and was slang for saying how air controller. He later spent about a decade in the floors, preparing sandwiches and assisting in the Sakellaris took Ameresco public 10 years later. ‘dumb’ someone was. The saying made the brand USAF Reserves flying the A-37 jet fighter and office). The company has become one of the largest energy even more popular. Unfortunately, Shinola went earned the rank of major. Family values, a strong work ethic and dedica - solutions companies in North America with over out of business in 1960 – making it easy for Kart - Throughout his Air Force years, Calamos had tion to customer needs continue to permeate 1,000 employees and more than 70 local offices sotis to buy the name to start his new Detroit- continued to study books on finance and investing through thousands of team members in every facet throughout America and the United Kingdom. based watch and accessories company. strategies. In 1977, he flexed his confidence and of the business. As Chairman, Payiavlas has been Ameresco specializes in providing comprehensive started his own company, taking out a $60,000 services, energy efficiency, infrastructure upgrades, second mortgage on his house to help bankroll the asset sustainability, renewable energy, and energy endeavor. One of his early employees was his older information management solutions. brother, Angelo, who retired from the company in Today Ameresco has dozens of offices through - 2004. Calamos also ended up taking the company out North America and Europe and over a thousand public in 2004 under the NASDAQ ticker CLMS. employees providing strong local operations. In 2016, Calamos stepped down as CEO (and “Green. Clean. Sustainable” is the motto of the was replaced by another fellow Greek and Chica - company that increases energy efficiency for fed - goean – John Koudounis) and now serves as the eral, state and local governments, healthcare and Chairman and Global CIO of the company. The com - educational institutions, public housing authorities, pany traces its roots to the 1970s when Calamos and commercial and industrial customers. used convertible securities, which were little known In October 2014, Ameresco was chosen to con - at the time, to help his clients grow and preserve struct a $25.4 million solar project at the Minneapo - their wealth. lis-St. Paul International Airport with the Metropol - Today, the firm, headquartered in with itan Airports Commission (MAC). Minnesota’s additional offices in London, New York, San Fran - largest solar generation site to date, the airport cisco, and Miami, serves clients worldwide, includ - houses a 3-MW solar installation on the top deck ing major corporations, pension funds, endow - of two Terminal 1 parking structures. ments, foundations and individuals. The firm also Sakellaris is a Distinguished Member Inductee provides wealth management services to high net of the Frances Crowe Society at the University of worth individuals and families. The company offers Maine, which gave him the Edward T. Bryand Dis - TOM KARTSOTIS its investment capabilities through separately man - tinguished Engineer Award in 2007. In May 2012, As the (new) Shinola website says, the company aged portfolios, mutual funds, closed-end funds, the University of Maine granted him an Honorary operates an “in-house watch and leather factory private funds and UCITS funds. A recognized expert Doctorate for his lifetime of achievements, recog - on the fifth floor of the Argonaut Building, where a in risk-managed investing, Calamos has written actively involved while his children lead the organ - nizing his dedication and exemplary leadership in team of artisans hand assembles luxury timepieces two books (Investing in Convertible Securities: Your ization with the same enthusiasm, commitment, the field of energy efficiency and renewable energy. and crafts premium leather straps.” Complete Guide to the Risks and Rewards and and vision. Payiavlas and his wife were honored in His awards include winning an Ernst & Young En - In 2019, Marc Jacobs announced a partnership Convertible Securities: the Latest Instruments, Port - 2006 with the Cleveland Clinic’s Distinguished Fel - trepreneur of The Year 2011 New England award, with the makers of Shinola to launch a new line of folio strategies, and Valuation Analysis) and con - low Award. They have supported several of the and Business Leader of the Year 2012 for Large watches. More recently, they have partnered with tributes to industry publications. He is interviewed clinic’s initiatives, including the Heart and Vascular Business by the Worcester Business Journal. In IMG, a global brand marketing and licensing com - regularly by CNBC, Bloomberg TV and Fox Business Institute, Taussig Cancer Center, Glickman Urolog - 2009, he received a Gabby Award (named loosely pany, have unveiled an even more affordable watch Channel. ical Institute, and Department of Nutrition Therapy. from the acronym “Greek America’s Best and design (the Detrola) and have launched the Great The factors to which Calamos attributes his suc - In April, 2017, the Payiavlas family donated Brightest”) from the Greek America Foundation. American Collection which features limited-edition cess include his Greek heritage, a strong work $500,000 to Youngstown (OH) State University for He supports numerous educational institutions, watch designs honoring people like Smokey Robin - ethic, and entrepreneurial spirit. Calamos also cred - their new sports media center. including Northeastern University, Holy Cross/Hel - son, the Detroit-born singer/songwriter who just its his military service as a key factor in his success, In 2000, Payivlas was inducted into the Business lenic College, and the University of Maine. At celebrated his 80th birthday. as it solidified his view of the importance of disci - Hall of Fame of Northeast Ohio's Inside Business UMass Lowell, he established an endowment in Shinola also started manufacturing bicycles and pline, risk assessment, and teamwork. Magazine (ibmag.com). In October, 2016, at the memory of his mentor, the late Massachusetts opened up its first hotel, Shinola Hotel, a few His entrepreneurial activities extend beyond the ‘Oxi’ Day Foundation in Washington, DC, Payiavlas Senator . In addition, he was a found - months ago. The 129-room, eight-story boutique financial services sector, with a private real estate was honored with the Jaharis Service Award spon - ing member of Faith: An Endowment for Orthodoxy hotel is part of a multi-million-dollar development arm, Calamos Real Estate LLC. sored by the Jaharis Family (also featured in this and Hellenism. He is an Archon of the Ecumenical project by Shinola and Bedrock, which has acquired Calamos established the John P. Calamos Foun - edition). He is a Life-Time Chairman of the Arch - Patriarchate, and a major benefactor at his local and developed more than 100 properties in Detroit dation, which supports a number of scholarship bishop Iakovos Leadership 100 Endowment Fund, church, St. Catherine Greek Orthodox Church in since 2011 – as reported by initiatives in the Greek community. He and his wife an Archon Depoutatos of the Ecumenical Patriar - and The Star Tribune. The company has hired hun - also endowed Illinois Institute of Technology’s first chate, as well as a member of AHEPA and other dreds of people in Detroit and across the country endowed chair in philosophy. Since 2012, he has community and business organizations. (over 600). In an interview with Venture in America, also served as chairman of the board of directors The Payiavlas family, including their two children Tom said he started Shinola not as a money-making of Chicago’s National Hellenic Museum, of which and six grandchildren, all reside in Warren, Ohio. venture, but as a project to see how many American he is a major benefactor. He says of the museum: jobs he could create. When the interviewer asked “we have built a national institution to honor our him about this, he shrugged and said: “we did it parents and grandparents, to honor our rich Hellenic GEORGE SAKELLARIS - for sport. We did it to create jobs and simply to see history.” In addition, he and his wife were recog - Massachusetts if it was possible.” nized as 2014 Distinguished Citizens by the Three 22 $739 MILLION (MassLive) Priding himself as a creator of American jobs, Fires Council, Boy Scouts of America last October. ENERGY, ENVIRONMENT Tom was featured in Business of in 2016 The Hellenic College and Holy Cross School of The - University of Maine-Orono; for doing just that. Among the fans of Shinola ology also honored Calamos in 2018. Most recently, watches, are former U.S. Presidents Bill Clinton he was honored by the Washington ‘Oxi’ Day Foun - Married, 2 children and and former Michigan Governor dation with the Michael Jaharis Service Award for Rick Snyder. President Obama in 2016 also pre - his service to our country in the Vietnam War, to George Sakellaris, 73, has persevered in the en - sented a special Shinola watch, engraved with the the Greek-American community, our country, and ergy industry, working to eliminate regulatory bar - Presidential seal on the back and with a case also to the world. riers to investing private capital into energy effi - featuring the seal, to then-UK Prime Minister David Calamos is married and has two children. He ciency and renewable initiatives. Cameron, reported. and his wife, Mae, are active philanthropists. He is Sakellaris was born in Laconia and after gradu - a trustee of the Illinois Institute of Technology and ating from high school there, he arrived in Bangor, of Benedictine University. ME, as a college exchange student in 1965. He JOHN P. CALAMOS, spoke little English when he first enrolled at the SR. - Illinois 20 $820 MILLION (TNHE) JOHN PAYIAVLAS - GLOBAL ASSET MANAGEMENT Ohio 21 $751 MILLION (TNHE) Illinois Institute of Technology (Economics); Married, 2 children FOOD SERVICE INDUSTRY Married, 2 children

John P. Calamos, Sr., 79, is founder and chair - man of Calamos Investments, a global asset man - John Payiavlas, 88, is chairman of AVI Foodsys - agement firm. tems, the country’s largest independent, family- The son of Greek immigrants, he grew up above owned and operated contract food service com - his family’s grocery store on Chicago’s west side pany, providing vending, institutional dining, and and attended Chicago public schools. He developed coffee service operations. his passion for the stock market as a teenager and A son of Greek immigrants from Ohio and roots began his investment career when his parents en - in the island of , Payiavlas grew up in a work - trusted him with the family’s $5,000 nest egg. With ing-class family with hopes of realizing the Ameri - this responsibility, Calamos got a taste for the mar - can dream. In 1951, Payiavlas was drafted into the kets but ended up attending the Illinois Institute of United States Army and promptly left for basic train - Technology on an ROTC scholarship to pursue an - ing in Fort Riley, Kansas. In 1952, he was deployed other passion – architecture. Finding that he had to join the UN forces supporting South Korea and “very little design talent,” Calamos shifted his focus later transferred to the Greek Expeditionary Force to economics, finance, and philosophy. Interest - Battalion. He was one of four Greek-Americans to ingly, Calamos has said that economics is more serve in this Battalion and was awarded the Com - about philosophy than it is about math; “In college mander’s Silver Cross of Valour, the highest military

I learned that economics is not a math problem. It decoration of the Greek state. Payiavlas completed BUSINESS WIRE is economic philosophy: how are we organized as his service in 1953 and was honorably discharged a society? Reading many philosophers from Plato as Sergeant First Class. U.S. Navy Awards Task Order to Ameresco for Energy to Socrates and many others, I felt it taught me a Payiavlas’ successful journey in food service Resiliency Project at Portsmouth Naval Shipyard great deal about life and gave me a perspective of began when he and two friends opened and oper - history going back thousands of years.” ated a local diner, the Village Café, in their small Ameresco, Inc., a leading energy efficiency and renewable energy company founded by George After graduating from college (the first in his hometown of Warren, Ohio. In 1956, he married Sakellaris, announced on Feb. 12 that the U.S. Navy has awarded its Federal Solutions team a family to achieve this great feat), Calamos spent Marisa Tsagaris and four years later he founded task order to implement a $58 million energy resiliency project at the Portsmouth Naval Shipyard 15 years in service with the United States Air Force AVI after a frequent customer presented John an in Kittery, Maine. SPECIAL EDITION FEBRUARY 2020 17 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America

Braintree, MA. schools, camps, hospitals, the Boston Ballet, and Pappajohn worked his way through college and al - An avid sailor, Sakellaris has won the RORC the Boston Museum of Science, Transfiguration ternated working and attending school with his Caribbean twice – once in 2014 and then again in Greek Orthodox Church in Lowell, Mass., Bentley brothers – which is why it took him a few extra 2016. He has also won the sailing competition Les University and Boston College. The greatest bene - years to graduate. Eventually, Pappajohn earned Voiles de St. Barth three times consecutively - in ficiary, however, is the Lowell Plan, an economic- his degree from the University of Iowa’s College of 2016, 2017 and 2018. development organization for the city, which has Business Administration in 1952. He did not inter - A few weeks ago, rumors started to surface received well over $10 million in the last decade. view for a job after graduation – instead he knew that French power utility Engie SA had recently ap - he wanted to own his own business and thus he proached Ameresco and expressed interest in ac - decided to establish an insurance agency. Eventu - quiring it. As said, the approach by Engie JOHN PAPPAJOHN - ally, in 1969, Pappajohn organized Equity Dynamics, will test the appetite of Mr. Sakellaris (who remains Iowa Inc., a financial consulting entity and Pappajohn the controlling shareholder) to cash out. So, al - 24 $695 MILLION Capital Resources, a venture capital firm in Des though Sakellaris is number 22 on TNH’s 50 (TNHE) Moines, Iowa. He became one of the early venture Wealthiest this year, he may be much higher up VENTURE CAPITAL capitalists. next year. University of Iowa (Business); Throughout his career as a venture capitalist, he has been an early investor in more than 100 Married, 1 child companies, most of which are dedicated to health - DEMOULAS FAMILY - care and biotechnology industries. He has also Massachusetts John Pappajohn just celebrated 50 years in the been involved with over 100 start ups, over 50 23 $710 MILLION each other. In 2013, Arthur S. gained control of the venture capitalist business world and continues to IPOs, and has served as Director in over 40 public (The Boston Globe) Board of Directors and proceeded to fire Arthur T. be a leader in his field as well as keeping up with companies. SUPERMARKETS from his position as CEO six months later. As a re - technological advancements (invest in medical sult, thousands of Market Basket workers and their technology and health care related products he customers took to the streets to protest and boycott says!). The Demoulas family is one of America’s rich - the family-owned supermarket and to demand that Pappajohn is an entrepreneur, a philanthropist, est families. Their lucrative Market Basket Super - Arthur T. be given his job back. According to reports, and at 91 years old, a self-proclaimed workaholic market chain, which celebrated its centennial an - the company lost around $400 million that summer. – still working 7 days a week (as reported by Iowa niversary three years ago, has a notable and After seven weeks of negotiations, Arthur T. was Innovation in June of 2019). In an interview with interesting history. back as CEO. The settlement included Arthur T.’s Iowa Magazine in 2018, Pappajohn said, “I never The family’s supermarket empire began in 1917, $1.6B cash buyout of Arthur S. and the rest of anticipated being 90...I'm in my office every Sat - when Greek immigrants Athanasios (Arthur) and George’s heirs (according to Forbes). urday and Sunday. Mary is a very understanding Efrosine Demoulas opened a small market selling Despite those difficulties, the business has flour - wife, and when she calls, I go home. But I'm very fresh lamb in Lowell, MA. In 1950, the original store ished. Over the past decade it added approximately active in my venture business, and I'm doing very model was revamped and premiered as the De - 30 new stores and a new perishable/produce dis - exciting things. My incentive isn't to be rich; it's to Moulas Superette. Arthur turned the business over tribution center, and doubled sales. Today, the do what I want in philanthropy. Mary and I feel to his two sons, George and Telemachus (Mike) in Tewskbury-based DeMoulas Market Basket, Inc. strongly that a successful life must include service 1954. The following year, the Superette tripled in owns 79 stores in Massachusetts, New Hampshire, to society and our fellow man. This is how we will size and became DeMoulas Super Market. Over and Maine, employs more than 25,000 people and be judged. We must all try to make a difference in the next 17 years, the two brothers converted the earns more than $5 billion in annual sales. The this world.” lamb shop into a successful grocery store chain of company was ranked by Consumer Reports as the Pappajohn emigrated from Evia, Greece to the 15 stores. The brothers each signed a will naming second-best among all national supermarket United States with his mother when he was just the other as executor of his estate, and reportedly chains, behind Wegmans. It was also ranked num - nine months old to join his father who was a US Pappajohn serves as director on the boards of agreed to divide the business equally between their ber 79 on Forbes’ list of America’s largest private citizen. He struggled during kindergarten because three publicly traded companies: Cancer Genetics, two families in the event of one of their deaths. companies in 2018. he spoke limited English. In the early 1930s, right Inc., American CareSource Inc., and CNS Re - Both brothers had four children, and both named a In October 2014, National Labor Secretary before the Great Depression, Pappajohn’s father sponse, Inc., a company which uses EEG-gener - son Arthur, after their father. From their youth, both Thomas Perez spoke at the National Press Club of opened a grocery store (where Pappajohn could ated biomarkers for use in personalized medicine cousins (George’s son Arthur S. Demoulas and Arthur T. Demoulas that he “maintained a family- earn 10 cents a day by stocking shelves and per - in psychiatry. Mike's son Arthur T. Demoulas) followed their fa - friendly work environment, paid his workers well, forming various chores around the store). His father Both Pappajohn and his wife, Mary, are avid phi - thers in the family business. and contributed generously to their retirement.” provided for families in the community during those lanthropists, having gifted more than $100 million In 1971, George, then 51, died unexpectedly MIT wrote an article in 2019 called The High Road pressing times, often allowing them to purchase to various causes. They have partnered in numer - while vacationing in Greece with his family. Mike Approach to Worker Compensation which said of on credit that he knew they wouldn’t be able to re - ous endeavors, providing millions for scholarships, continued to expand the chain and began opening Demoulas and Market Basket: “Despite having pay. The lessons that Pappajohn learned at the gro - business opportunities and community enhance - stores under different names, including Market more than 70 locations throughout New England, cery store guided his eventual business career. ments. His charitable donations include the John Basket. Tensions began brewing between the two and revenue in the billions, Arthur T. had built a When Pappajohn was older, he had to occasion - & Mary Pappajohn Clinical Cancer Center, and Pap - families and erupted in the 1990s, when it came culture more like a mom and pop store. The CEO ally miss school to sell scrap to help support his pajohn Entrepreneurial Centers at five Iowa uni - to light that Mike had been secretly shifting his memorized the names and birthdays of employees. family. “I became a scrap junk dealer. The junk yard versities and colleges (where he has personally do - brother’s half of the company assets into his own He visited workers when they were sick.” was one block from our house. The man there – nated $23M and has committed $10M more). To name after George’s death. Two decades of law - According to the Lowell Sun, two foundations – Harry Wolf – became a friend and a mentor; I would date, over 150,000 college students have taken suits followed with Mike’s son Arthur T. and his the Telemachus and Irene Demoulas Family Foun - sell him something every day,” Pappajohn says. part in the latter, which have sparked over 1,000 family on one side and Arthur S. on the other. The dation with $61 million in assets and the Demoulas “I’d pick up pennies I found on the street. I still do; new businesses. The Pappajohn Scholarship Foun - fight became extremely bitter; the two Arthurs Foundation with $30 million in assets – have do - habit I guess.” openly said in court and in public that they hated nated millions to Boys & Girls Clubs, YMCAs, His father died when he was 16 years of age. Continued on page 18 18 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙

Continued from page 17 Herald, but ultimately lost the campaign. Lemonis eventually took a job at AutoNation, dation has distributed over $4 million in grants to the country's largest car dealer, and worked his support ethnic, disadvantaged, and/or minority stu - way up to regional manager. Then he took some dents over the past 10 years. advice from a family friend, Lee Iacocca (the former In September 2009, the Des Moines Pappajohn head of Chrysler Corporation), who told him the Sculpture Park opened, featuring $40 million worth path to long-term success lay in finding an industry of the avid collector couple’s outdoor sculptures that was ripe for transformation. Iacocca advised from their personal collection. In December 2010 him to get into the camping and RV business, which the Pappajohns pledged $26.4 million towards a put him on the path to eventual chairmanship at new University of Iowa biomedical research build - America's #1 source for RV's, camping acces - ing. The couple has gifted over $100 million in var - sories, and RV maintenance and repair. ious philanthropies; in 2017 the Chronicle of Phi - The entrepreneur is the current CEO of compa - lanthropy identified the biggest donors to charities nies like Camping World Holdings, Inc. (which ac - in each of the 50 states and named Pappajohn the quired FreedomRoads – an American corporation top philanthropist in Iowa. specializing in selling recreational vehicles, motor He has demonstrated a great love for the fine parts and motor services), Good Sam Enterprises arts: Pappajohn was named by Art News Maga - (a subscription-based products and membership zine as one of the top 200 collectors in the world clubs targeted towards recreational vehicle and from 1997-2014. He was appointed to the advi - other outdoor enthusiasts), and Gander Mountain sory board of the John F. Kennedy Center for the Company, Inc. (a retail network of stores for hunt - Performing Arts in Washington, D.C. by Presi - ing, fishing and camping. Apart from these com - dents Ronald Reagan and George Bush. He cur - panies, Lemonis is probably best known for being rently serves on the National Committee of the Arts Center. Tsakopoulos has also had a strong the presenter of the American guished himself by becoming the youngest general Performing Arts for the Kennedy Center. He also commitment to supporting education through the show, The Profit which focuses on saving small agent in company history. He formed several com - serves as a member of the Trustees Council of Angelo and Sofia Tsakopoulos Endowment Fund businesses (like The Simple Greek and Ellison Eye - panies in the 1960s, and pioneered technological the National Gallery of Art as well as on their Col - and as a co-chair for California State University, wear) across the country. The show is currently in advances in the transportation and disposal of in - lectors Committee (formerly Chairman). He is a Sacramento's Capital Campaign. To support the its 7th season and has earned Lemonis the nick - dustrial waste. He founded Chambers Development vice chairman of the board of trustees of the Hir - study and celebration of Greek heritage and history, name the “Business Turnaround King.” Inc. in 1971, a firm that provided waste treatment shhorn Museum in Washington, DC, a member Tsakopoulos served as an instrumental figure in services, developed commercial recycling pro - of the national committee with the Whitney Mu - the creation of the S.B. Vryonis Center for the Study grams, and broke ground with specially lined, lay - seum in New York City, and honorary director at of Hellenism in Sacramento. In 2018, the Tsakopou - ered landfills to protect groundwater supplies. the Des Moines Art Center. los family donated $1 million to establish the Jus - Rangos’ many innovative achievements include Pappajohn’s church activities include the tice Anthony M. Kennedy Endowed Chair at the converting power plant boiler ash into a useful com - Greek Orthodox Archdiocese of America Arch - University of the Pacific McGeorge School of Law ponent of cinder blocks and anti-skid material for diocesan Council and executive committee, and in Sacramento. highways. He also played an instrumental role in Leadership 100 board of directors. He received In 2016, Tsakopoulos, on his 80th birthday, was inventing techniques for recycling bituminous the title of Archon from the Ecumenical Patriarch honored as a permanent part of the United States byproducts and disposing of sewage and sludge. of Constantinople in 2000. Congressional Record for “his legendary career in He developed methods for liquid industrial waste Pappajohn is the recipient of many prestigious real estate development and his long history of phi - disposal, and created a resource recovery system awards, including the Horatio Alger Award (1995), lanthropy in California.” that converts waste-generated methane into usable the Ellis Island Medal of Honor (2000), and the Tsakopoulos has also carved out a niche for energy. Woodrow Wilson International Center Award for himself as a major player in and fundraiser for the Together with his sons, Alex and John Jr., Ran - Corporate Citizenship (2007). He is the first Iowan Democratic Party, and as a standard bearer for gos advocated standards for regional sanitation and the second Greek-American (Pete Peterson Greek political and cultural interests in America. sites that resolved many environmental concerns was the first) to receive the Woodrow Wilson He and his children have raised and contributed nationwide. They initiated present-day environmen - Award. He has received four honorary doctorate millions to national, state, and local campaigns over tal protection standards decades ago, to include degrees and in 2013 he received the Gabby the past decade. Democratic presidential candi - the design and strict enforcement of federal laws Award for philanthropy from the Greek America dates aside, a few of the major recipients include forbidding corrupt practices in the transporting of Foundation. former California Governor Gray Davis, U.S. Sena - illegal waste. Across the eastern seaboard and into The Pappajohns live in Des Moines and have tors Dianne Feinstein and Kamala Harris, and House the Midwest, they built the largest, most sophisti - one daughter, Ann Vassiliou. Speaker Nancy Pelosi. Tsakopoulos is also dedi - cated land disposal facilities in the industry – in - cated to advancing the careers of Greek-American Lemonis married a fellow entrepreneur named cluding double-composite-lined HDPE (high-density politicians, including former California state treas - Bobbi Raffelin (more than 20 years his senior) in polyethylene) facilities to protect groundwater – ANGELO K. urer and once-gubernatorial candidate Phil An - 2018. The couple first met in 2016 when Lemonis long before other waste management companies TSAKOPOULOS - gelides. His daughter, Eleni Tsakopoulos purchased a fashion business (Runway) belonging emerged. 25 California Kounalakis, was appointed U.S. Ambassador to to Raffel. In October 1991, Chambers Development $600 MILLION Hungary in 2010 and in 2018 was elected as Cali - owned and operated a number of large regional (Celebrity Net Worth) fornia’s 50th Lieutenant Governor. Tsakopoulos and landfills, worth a reported market value of $1.7 bil - REAL ESTATE his family have established Hellenic Studies chairs JOHN G. RANGOS SR. - lion. Chambers went public and, in 1995, was Pennsylvania California State University (Political at several major American universities across the merged with USA Waste, then the country’s second country: Georgetown, Stanford, and Columbia 27 $468 MILLION (TNHE) largest waste management company. Rangos Science & Business), Sacramento; among them. ENVIRONMENTAL MANAGEMENT served as vice chairman of USA Waste, during Married, 6 children School of Business; 3 children which time Waste Management Inc., the country’s largest trash hauler, acquired USA Waste. That Born in the village of Rizes in Arcadia, Greece, MARCUS A. merger in 1998 has proven to be a major continuing Tsakopoulos, now 84, came to America along with LEMONIS - Illinois John G. Rangos Sr., 90, a renowned philanthro - success. hundreds of other hopeful immigrants via steam 26 $500 MILLION pist, made his fortune through the transportation, The massive Okeechobee, FL landfill (approved ship. On his 15th birthday, he sailed into New York (Celebrity Net Worth) waste management and disposal, as well as secu - in 1993, and now operated by Waste Management) City’s harbor and saw Lady Liberty for the very first INVESTMENTS rity services. is just one example of Rangos’ commitment to time. Tsakopoulos moved to Chicago to live with Marquette University (Political Science); Born in Steubenville, OH, Rangos was raised by sound environmental practices and regional eco - family, before eventually continuing west to the his mother and grandfather during the Depression nomic development. That site has a 100-year ca - San Joaquin Valley in California. Encouraged by a Married in the Virginias. He became keenly aware as a child pacity and receives 7,000 tons of waste daily. Such close mentor to continue his education, Tsakopou - of the changes sweeping through his community monumental, environmentally friendly disposal sites los studied political science and business at Cali - Although technically not Greek by blood, Marcus as the hardships of the Depression gave way to have also been an economic boon to the areas in fornia State University, Sacramento. While attend - Anthony Lemonis, was raised by a Greek father the difficulties of World War II. He watched the which they function. Okeechobee County still re - ing school, Tsakopoulos supported himself as a (Leo) and a Lebanese mother (Sophia) in Miami, men in his community ship off to war, while the ceives millions of dollars in royalties from its landfill real estate salesman, foreshadowing his highly suc - Florida. Born in , Lebanon during a violent women worked in factories to support themselves each year, boosting the local government’s ability cessful career in real estate development. civil war, the Lemonis couple adopted Marcus from and their families, so from a young age he devel - to finance schools and roads, as well as improve Tsakopoulos founded AKT Development Cor - a Beirut orphanage where he was abandoned only oped a deep sense of pride in, and respect for col - police and firefighting services. poration in Sacramento, California, which became four days after his birth. The Greek-American cou - lective collaboration and sacrifice for our country. Together with his partner Ian McLennan, a re - a leading real estate development firm in the area ple took him to what became known as home nine As a young man, Rangos attended the Houston spected FBI agent, Rangos co-founded Security under his leadership and has built tens of thousands months later. School of Business. He interrupted his education Bureau Inc., one of the most prominent security of homes and more than 30 million square feet of Lemonis, now 45, eventually became a busi - to join the Active Air Force Reserve unit in Pitts - companies in the country, in the mid-1970s. SBI office space. AKT also maintains a large commercial nessman, investor, politician, and television per - burgh. Declining a first lieutenant commission in guarded everything from banks and shopping cen - building portfolio and manages approximately sonality. He grew up learning about the operations the Air Force Reserves, he opted for the Army. He ters to industrial and atomic energy plants. It grew 20,000 acres of farmland. of the automotive industries as his grandfather served with great distinction in the Army from into a company with a license in every state in the Tsakopoulos and his family have also been ded - owned two of the largest Chevrolet dealerships in 1951-54, including a stint on a combat signal team union, and was eventually sold for more than $40 icated supporters of civic and community causes. the country (in Tampa and Miami). At the age of in the Far East. million. Tsakopoulos has lived his life expressing his belief 12, he started a lawn-mowing business to raise Rangos returned to civilian life with military hon - Rangos has three children and several grand - in the Greek idea of ‘paideia’ – education – and funds to open a candy business. During his time at ors, including the National Defense Medal, United children. He is founder and director of the John G. thus has made lasting contributions to the educa - Marquette University, he served as the president Nations Medal, Korean Campaign Medal, and a Rangos Sr. Family Charitable Foundation, founder tion and cultural life of the greater community. The of the Student Athletic Committee and organized Presidential Unit Citation from President Truman and former president of the Congressional Medal Tsakopoulos family has donated land and funds to clothing drives for the homeless in Milwaukee. At and President Syngman Rhee of South Korea. of Honor Foundation, founder and chairman emer - cultural institutions including the Greek Orthodox the young age of 22, he ran for the Florida House Rangos began his career with Rockwell Manu - itus of International Orthodox Christian Charities Church, the Crocker Art Museum, and the Roseville of Representatives and was endorsed by the Miami facturing Company in Pittsburgh, where he distin - and former fundraising chairman for UNICEF. He

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NICHOLAS at MIT before his post-doctoral studies at Harvard supports medical research at Children's Hospital GALAKATOS - Medical School. of Pittsburgh, one of the world's finest pediatric 29 Massachusetts He is director of ophthalmology company Oph - care centers, and Johns Hopkins University School $379 MILLION (TNHE) thotech, cardiovascular therapy company Portola, of Medicine, where he established an innovative BIOMEDICAL TECHNOLOGY, and diagnostics company Nanostring, all of which new program which invites and challenges the VENTURE CAPITAL had successful IPOs in 2013. Before that he sold brightest young minds at Johns Hopkins to find a TransForm Pharmaceuticals to Johnson & Johnson, cure to metastatic cancer. The Rangos Foundation Reed College; Married, 2 children and as the chairman of Hypnion, Galakatos “made also supports programs at Duquesne and Carnegie out well with 2007 sale of Hypnion to Eli Lilly for Mellon Universities, and many other programs and Nicholas Galakatos, 59, is the Global Head of $315 million,” Forbes reported. He is also the Chair - organizations (e.g., the Leukemia & Lymphoma So - Life Sciences of Blackstone, having joined the com - man of Anthos Therapeutics and Praxis Precision ciety). Rangos has recently taken an active interest pany in 2018 as part of Blackstone's acquisition of Medicine and a member of the Board of Directors in helping the country's wounded warriors readapt Clarus (a company that he co-founded and ran). of Entasis Therapeutics and Talaris, Inc. to civilian life. Blackstone Life Sciences was formed to be - He and his wife, Alice, have two sons. Galakatos In early 2016, he received an honorary doctorate come a key source of capital for large pharma - is a member of the Director’s Council of the Koch from St. Vladimir’s Orthodox Theological Seminary ceutical companies that would bring cutting-edge Institute at MIT, and the Genetics Advisory Council in Crestwood, NY. In 2018, Rangos was honored treatments to patients. It is a private investment at Harvard Medical School. He is also on Anatolia at Johns Hopkins to celebrate a decade of progress platform that seeks to invest in companies and College’s and Reed College’s board of trustees. at the highly successful innovation hub that he was products within the life science sectors. The com - A few months ago, Blackstone said it would in - instrumental in initiating. The John G. Rangos Sr. pany looks to bring the necessary funding re - vest $400M in a joint venture with Swiss drug com - Life Sciences Building was the first building in quired to advance medicines and healthcare tech - pany Ferring that is working on an experimental Johns Hopkins’ Science + Technology Park, a nologies to the broader market instead of gene therapy for bladder cancer. Galakatos will be mixed-use redevelopment of 88 acres adjacent to languishing as ideas. overseeing the project. the Johns Hopkins University medical campus and The Greek-born Galakatos has over 30 years of hospital in East Baltimore. Today, more than 40 life healthcare sector industry and investment experi - science companies and research institutions have an ethnic Greek born in Albania), owns property on ence and has led investments in biotechnology, MICHAEL D. located there to partner with Johns Hopkins in com - Antiparos, and has quietly supported several ini - pharmaceutical company partnerships, and diag - CAPELLAS - California mercializing scientific discovery. tiatives for Greece including helping victims of the nostics, from startup to commercial-stage compa - 30 $340 MILLION (TNHE) More recently, the Rangos Research Center at area of Mati following the devastating fires outside nies. He was vice president of New Business at CORPORATE ADMINISTRATION UPMC Children’s Hospital of Pittsburgh was re - of Athens in 2018. Millennium Pharmaceuticals (from 1997 to 2000), Kent State University; ported to be closing in on a cure for diabetes. reported that Hanks, by his own a leading biopharmaceuticals company purchased admission, “is an ardent admirer of all things Hel - by the Takeda Oncology Company for $8.8 billion Married, 2 children lenic.” The star has been visiting the country for in May 2008, and a member of its management TOM HANKS & RITA years, spending nearly every summer on the team. During that time Galakatos co-founded Mil - Michael D. Capellas, 65, is a 30-plus year vet - WILSON - California Aegean island of Antiparos” where he and his wife, lennium Predictive Medicine and TransForm Phar - eran of the information technology industry and is 28 $467 MILLION Rita Wilson, have a home. Wilson, whose mother maceuticals, where he was chairman. Prior to his viewed as one of the leading technology thought (Celebrity Net Worth) is Greek, is believed to have played a crucial role in stint at Millennium, he was an associate at Venrock leaders of our time. ENTERTAINMENT his decision to co-produce the romantic comedy Associates focusing on early stage biotechnology Capellas developed an interest in computers as Married, 4 children My Big Fat Greek Wedding with her. He also pro - investments. Before Venrock, he was head of Mo - an undergraduate at Kent State University. Shortly duced Mamma Mia! lecular Biology Research at Novartis. after he graduated, he met his wife, Marie Angelillo, In December of 2019, Hanks received the 2020 Galakatos was born in Athens and raised in a former nurse. The two married in 1979, and trav - Although he always considered himself a phil - Cecil B DeMille lifetime achievement award at the Thessaloniki. He earned his undergraduate degree eled the world for two decades as Capellas’ busi - hellene, Tom Hanks may officially call himself a Golden Globes. During his acceptance speech at Reed College, a doctorate in organic chemistry ness reputation grew. He was a senior vice presi - ‘Greek’ now – no more ‘acting’! Just before the Hanks said: “I’ve been Hellenic now for the better dent of Oracle Corporation from 1997 to 1998. close of 2019, Greece’s President Prokopis part of 32 years. Greece is a haven…the land, the Following Oracle, he went to Compaq where he Pavlopoulos signed an honorary naturalization order sky, the water, it’s good for the soul. It’s a healing held the positions of CIO, COO, and later Chairman allowing the 63-year-old actor to claim Greek citi - place, particularly if you get into that fabulous, fab - and CEO. In his work with Compaq, he is credited zenship. Hanks’ first tweet in 2020 read: “Starting ulous Greek schedule of sleeping until noon, staying with making it Microsoft’s key strategic partner for 2020 as an honorary citizen of all of Greece! Kronia up until three o’clock in the morning and arguing the release of its Windows 2000 operating system. pola! (more or less, ‘happy year!) Hanx” in a taverna until 3 AM. It’s just the best life one Following HewlettPackard’s acquisition of Compaq, Under Greek law, honorary naturalization may can have.” he stayed on as president of HP for six months to be granted to people “who have provided excep - Two weeks after President Pavlopoulos granted ease the integration of the two companies. He then tional services to the country or whose naturaliza - Hanks honorary Greek citizenship, his offer was left HP to become chairman and CEO of MCI World - tion serves the public interest.” The initiative first extended to Wilson and the two children they share Com between 2002 and 2006, presiding over the came from Prime Minister Kyriakos Mitsotakis, who together – Chester and Truman (Hanks has two eventual Verizon-MCI merger. Worldcom remains, had met Hanks and discussed issues of Greek in - more children from his previous marriage). to this day, the largest turnaround story in corporate terest. The Prime Minister’s proposal to Hanks was Wilson and Hanks attend St. Sophia’s Greek Or - history. After the transfer to Verizon was completed, reportedly accepted with enthusiasm, sources said, thodox Church in Los Angeles (photos of Hanks Capellas received a $40 million severance package. and was followed by the formal request to Presi - helping with the Epitaphion on Good Friday go viral Later, he founded Atlanta-based Capellas Strategic dent Pavlopoulos by Minister of the Interior, Takis every year) and according to John Sanidopoulos’ Partners, a strategic technology advisory firm. Theodorikakos. , Hanks’ spiritual father was Father Robert Capellas says he inherited his gritty determina - Hanks converted to Greek Orthodoxy in 1988 Stephanopoulos (his son George is the well-known prior to marrying Rita Wilson (who’s mother was political commentator and TV host (featured infra)). Continued on page 22

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Continued from page 19 businesses. It invests in food vending, grocery dis - Karabots, the owner of Kappa Publishing Group, tribution, video/arcade entertainment, restaurants, Inc. (the largest publisher of puzzle magazines and tion from his father, a Greek citizen who fought and media outlets. books) as well as companies related to real estate with the Greek Army against the Germans in Italy Georges Enterprises began as Imperial Trading and winemaking, was quoted saying: “The issue during World War II. After the war, the elder Capel - in 1916, a wholesale grocery distribution company here is not ultimately your net worth, but what you las met and married his wife, Juliet, in Italy. The founded by Georges’ maternal grandfather. The com - do with the value you have created.” His parents, family then immigrated to Ohio, where Capellas’ pany is now the eighth largest convenience store Konstantina Hrisomalis and Georgios Karabotsios, father worked his way up from laborer to superin - supplier in the nation. hailed from the Peloponnesian villages of Anavriti tendent at the Republic Steel Corporation. He Georges started out in the family business at a and Malendreni, respectively. The family name was worked there for 30 years. young age, sweeping warehouse floors at age 11 shortened when his father arrived on Ellis Island. and making deliveries by age 15. His father, Dennis Karabots was born in New Jersey and raised in Georges, immigrated to the U.S. after serving in the the South Bronx. His father lost his restaurant busi - Greek Resistance and the Royal Greek Air Force at ness in the Wall Street crash of 1929 and Karabots a young age during World War II. held his first job at age 9, in 1942, as a shoeshine In April 2013, Georges Enterprises acquired The boy in Manhattan’s Union Square. In 1949, Karabots Advocate – a Baton Rouge daily newspaper with a enlisted in the U.S. Naval Reserve (in which he edition and websites covering nearby served 11 years) and after graduating high school towns Ascension and Acadiana – which is the largest in 1951, he entered the printing industry, learning newspaper in . the ropes at an RCA affiliate on Wall Street before He completed his studies at in becoming a manager of printing operations else - 1983, turning his attention to Imperial Trading, ex - where. Eventually he achieved sales and then man - panding its sales from $29 million to $1 billion today, PHOTO: GEORGESENTERPRISES.COM agement positions, offered by a Hellenophile from with 5,000 retailers in 12 states. Recent acquisitions II Museum, Past President of the Young Presidents Austria, who was the owner of Polychrome, a man - by Georges Enterprises include: $50 million food Organization of Louisiana, past member of the Tulane ufacturer of supplies related to the printing industry. distributor Clifford D. Fite Company (2011), $100 University President's Council, the University of New In 1964, he launched, with a partner, Phota Inc., million Union Grocery (2010) and historic Bourbon Orleans Foundation, the LSU Medical Foundation a company that manufactured photographic chem - Street restaurant Galatoire’s (2009). Georges said Board, New Orleans and Jefferson Parish Business icals specific to the development of X-Ray film and in a related press release, “we are looking to make Councils, World Trade Center and the Chamber of assisted in the development and importation of Fu - more acquisitions in the food distribution sector.” Commerce. A firm believer in education and entre - jifilm to the United States. In 1970 he acquired a In 2006, Imperial Vending merged with Whitener preneurship, John founded the Lemonade Day in printing company in Scranton, PA and expanded it Snacks to become Refreshment Solutions, a Louisiana. A community event that gives children via the printing and binding of TV Guide, among Capellas and his wife have two daughters. He Georges Enterprises subsidiary. Georges Enter - an opportunity to learn the inner workings of running other nationally known magazines. That company, enjoys golf and rock and roll. He is also actively in - prises’ AMA Distributors specializes in entertainment a business, Lemonade Day has helped more than today known as Kappa Graphics. volved in community and charitable work. In 2002, from video games and pool tables to jukeboxes. 5,000 children become entrepreneurs. Georges is Today, Karabots is Chairman of the Board and he became the first recipient of the Hope Technol - Among Georges Enterprises’ portfolio of real estate also on the board of The Hellenic Initiative, and he CEO of The Spartan Organization, a company he ogy Award from the Center for Missing & Exploited holdings are 25 acres of industrial real estate in the and his wife Dathel are involved in numerous other founded that provides management and legal serv - Children. He is a member of the board of governors greater New Orleans area, including the site once philanthropic endeavors. ices to the various Karabots affiliates. He holds of the Boys & Girls Clubs of America. Capellas pre - occupied by Louisiana Film Studios. The Georges have three children: Zana, Liza, and similar positions in his other privately held compa - viously served as a member of the American Uni - Georges Enterprises was previously very involved Nike. Georges’ mother, Anita Pelias Georges, passed nies whose interests include printing, publishing, versity Board of Trustees and recently served as with marine services. However, as Georges con - away this past January. She was known for her vol - product fulfillment, land development. He also owns co-chair of the CLOUD Commission, including spe - firmed to the TNH immediately after the BP Oil Spill unteer work, sense of humor, and hospitality. Her a country club and a vineyard/winery. He is assisted cialists who offered the Obama Administration rec - in January 2010, the company sold its fleet of off - father, Constantine Pelias, was the founder of Im - by his daughters Andrea Duloc and Despina Mc - ommendations on cloud computing policies. In mid- shore tugs under Dolphin Marine International Com - perial Trading. Nulty, son-in-law Paul Kolkka, and granddaughter 2015, Capellas was appointed to Tenable Network pany to concentrate on its food distribution business. Georges was instrumental in rebuilding the Greek Alecia Duloc. Andrea’s husband, Michael, is the Security’s Board of Directors. Capellas also cur - The family of his wife, the former Dathel Coleman, community in New Orleans after owner and president of Kable Distribution and Prod - rently serves on the Boards of Cisco and Flextron - owns cleanup company Oil Mop OMI. in 2005. Everything was “a wasteland,” he told TNH uct Fulfillment Services, Inc., former subsidiaries ics, and on the Advisory Board of Kony. Georges is very involved with both Louisiana pub - in 2015, “and we rebuilt everything in 90 days – it of Princeton, NJ-based AMREP Corporation, Inc. lic life and the community of the Greek Orthodox was a miracle.” (NYSE: AXR), a publicly held company in which Cathedral of the Holy Trinity. The former church pres - Karabots is a controlling shareholder. JOHN GEORGES - ident hosted Ecumenical Patriarch Bartholomew From 1993 to 2013, he was a director of AM - Louisiana when he visited New Orleans in October 2009. NICHOLAS G. REP Corporation, whose interests rest in the real 31 $350 MILLION In May 2019, Georges’ New Orleans Advocate KARABOTS - estate and media-related industries such as product (Celebrity Net Worth) purchased The Times-Picayune and the accompa - 32 Pennsylvania and subscription fulfillment combined with news - FOOD SERVICES, BUSINESS DEVE - nying nola.com website from Advance Local. The $335 MILLION (TNHE) stand distribution services. Karabots resigned in LOPMENT, PHILANTHROPY, MEDIA Advocate will continue to serve as a seven-day, PUBLISHING, REAL ESTATE, WINERY 2013 from his position as vice chairman of the home delivered newspaper in the New Orleans Married, Children board of AMREP in order to devote more time to Tulane University; Married, 3 children metro area. The websites have already merged into his pending acquisitions in the private sector, but nola.com. retains his significant shareholder interests in AM - John Georges, 59, is an entrepreneur in multiple A notable campaign financier, Georges unsuc - Nicholas G. Karabots (ne Karabotsios), now 86, REP. The company has developed Rio Rancho, New industries, an avowed philanthropist, and a strong cessfully ran for governor of Louisiana as a democrat has come a long way since his days of shining Mexico’s third-largest city. The Karabotses’ com - supporter of Hellenic causes. He is Founder and in 2007 and Mayor of New Orleans in 2010 but fell shoes. He has since become one of the biggest bined businesses employ about 2,000 people be - CEO of Georges Enterprises, a company based in short in both efforts. philanthropists of his generation – donating millions tween their businesses in Indiana, Florida, Wiscon - Elmwood, LA, specializing in acquiring and growing Georges is a Trustee for the National World War of dollars at a time to various causes. sin, New York, and Pennsylvania.

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diatric care facility which opened in February of – which he had heard required an engineering de - MICHAEL G. PSAROS - 2013. They also donated $10 million to The gree. Northwestern had excellent law and engi - New York Franklin Institute Museum to expand its class - neering schools, so he enrolled as an electrical en - 34 $300 MILLION (TNHE) rooms and exhibition capabilities at its existing gineering major. Eventually, he realized that patent INVESTMENTS location, which serves thousands of children each law wasn’t where his passion lay but continued Georgetown University (Business); year. The foundation has also contributed $15 mil - his studies of electrical engineering and then went lion to support the Philadelphia Art Museum’s ed - on to earn his MBA from Dartmouth College. He Married, 3 children ucation center by its acquisition of a painting by eventually started his career in various manage - Thomas Eakins, together with a rare 16th century ment positions at General Electric Company. Michael Psaros, 52, is a co-founder and co-man - horse and man armor. To date, the foundation has At NEA, Barris took $570-million company Neu - aging partner of private equity fund, KPS Capital provided over $60 million to many organizations Partners, LP, and a member of its investment com - that focus on its mission. Nicholas and Athena mittee. KPS Capital Partners, LP is one of the Karabots have also supported the University of world’s leading private equity firms, with approxi - Pennsylvania and currently, the University of Ari - mately $11.5 billion of assets under management. zona in their archaeological excavations on Mt. KPS acquires and then turns around, non-core, un - Lykaion in Arcadia, Greece. He and his wife of al - derperforming, or distressed manufacturing and most 65 years live in Pennsylvania and have three industrial companies on a global basis. KPS’ unique daughters and 10 grandchildren. Karabots is rou - investment strategy has resulted in the creation of tinely featured in publications as one of Pennsyl - world-class, industry leading companies. vania’s most generous philanthropists. KPS Portfolio companies currently have aggre - gate revenues of approximately $8.4 billion, operate 142 manufacturing facilities in 26 countries, and Karabots’ real estate interests began with a PETER J. BARRIS - employ approximately 28,000 associates, directly 1980 purchase of a farm outside of Philadelphia. Virginia and through joint ventures. This led to other land acquisitions, primarily in Penn - 33 $315 MILLION (TNHE) sylvania, and eventually to the design and devel - VENTURE CAPITAL opment of Jericho National Golf Club, Inc. in Wash - Northwestern University (Electrical ington Crossing, PA. Karabots also owns Krasi, LLC, the operator of Karamoor Estate Vineyards and Engineering); Married, 2 children Winery and producer of Karamoor Estate Wines, which have won many awards in American wine Peter J. Barris, 68, is a venture capitalist known competitions. The Karamoor Farm is 275 acres in for helping to launch companies including Groupon, total, with 27 acres planted with vines. Although CareerBuilder, SalesForce, TiVo, Jet.com and - the Karabots have called Karamoor ‘home’ since pers.com. Forbes included him on its Midas List of tral Tandem public in 2007 and $590-million Echo the early 1970s, the first vines were planted in the world’s best venture capitalists and technology Global public in 2009. He is involved with NEA af - 2003. According to an interview with Stay AKA, investors for several years between 2007 and filiates, including Groupon, TV software/hardware the family has been committed to making the best 2014. He was managing general partner of leading company Hillcrest Laboratories, Internet service wine in the region and have pursued their passion venture capital investor New Enterprise Associates, provider Boingo Wireless, online job recruitment for wine with a commitment to good farming prac - Inc. (NEA) from 1999 to 2017, having joined the site CareerBuilder, digital distribution company tices with as minimal intervention in the vineyard company in 1992. SnagFilms (whose founder, , is also on as possible. The winery will soon have a second At NEA, he led investments in over 25 compa - this list), and social media management company tasting room open to the public. nies that have gone public or had successful ac - Sprout Social. He is on the board of directors of Apart from its huge gamut of puzzle magazines quisitions. NEA invested $14.8 million in Groupon public companies including Groupon (NASDAQ: and subscription services, the Kappa group of com - early on and received $70 million back in 2011. GRPN), Goji Food Solutions Ltd., Benchprep, Hill - panies also publishes wrestling, astrology, games, That year, Groupon went public, reaping one of the crest Laboratories, Inc., MediaOcean, SnagFilms, children’s activity books, and a wide variety of at - greatest venture returns ever with an initial public and Sprout Social. lases and street guides. Its affiliated printing related offering value of $12.8 billion. He is currently the He is Vice-Chair of the Northwestern University companies in Pennsylvania and Indiana offer com - Chairman and General Partner of NEA. Board of Trustees and serves on the Board of the mercial and digital printing, and a variety of product According to the NEA website, the company’s Tuck School Private Equity and Entrepreneur Cen - distribution services. assets grew from $1 billion to over $20 billion and ter. He also launched the Barris Incubator Series at Together with his wife of 60 years, Athena the organization scaled its operations to become Dartmouth’s Tuck School of Business, which seeks Dikegoros Karabots, whose parents emigrated one of the world’s largest venture capital firms un - to encourage student start-ups. He previously from the Macedonian village of Rhodohorion, he der Barris’ leadership. The company, which started served on the executive committee of the board of established the Karabots Foundation, Inc. as a re - with offices in Maryland and California’s Silicon Val - the National Venture Capital Association and was sult of his experiences as a youth in the South ley, now has branches in India, China – and most also a founding member of Venture Philanthropy Bronx. The foundation specializes in expanding recently – New York City. NEA, founded more than Partners, a philanthropic organization in the Wash - opportunities for young people in inner city or oth - 35 years ago, has seen 200+ portfolio companies ington, D.C. area. Psaros is the son of George and Mary Ann erwise underserved communities. He told TNH in going public and 320+ acquisitions. Barris, a member of Leadership 100 and an Ar - Psaros and grandson of four Greek immigrants 2009: “My heart aches for the young children who Barris grew up in Chicago, IL. His father, James, chon of the Ecumenical Patriarchate, lives in from Chios and Halicarnassus (Bodrum) in Asia Mi - are tied to poverty and don’t know that there is was an engineer, and his grandparents were from McLean, VA. with his wife, Adrienne. They have nor. He grew up in Weirton, WV, where the lifeblood something out there that is better.” In the fall of Greece. His father encouraged Barris to follow the two daughters. His interests include traveling, ski - of the town was the Weirton Steel Division of Na - 2012, the foundation gave $7.5 million to The same career path that he did – but Barris had his ing, “any and all Greek food,” boating, and spending Children’s Hospital of Philadelphia for a new pe - eyes set on the law – more specifically, patent law time with his family. Continued on page 24 24 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙

Continued from page 23 Nicholas and as Treasurer of the St. Andrew Ecu - The Michael and Robin Psaros Endowed Chair in menical Patriarch Fund. He is also a founding mem - Business Administration at Georgetown Univer - tional Steel. Psaros' father was a senior executive ber of FAITH: An Endowment for Orthodoxy and sity's McDonough School of Business where he in the steel mill, and his great-grandfather worked Hellenism, and serves on the Board of Trustees of also serves as Vice Chairman of the Board of Advi - in the open hearth furnaces. In 1983, union steel - Leadership 100 – Advancing Hellenism and Ortho - sors. Psaros was honored by the Georgetown Uni - workers voted to purchase the company with the doxy in America, the Executive Board of The Hel - versity Wall Street Alliance at its gala at Cipriani in help of investment banker Eugene Keilin, renaming lenic Initiative, and is a proud member of AHEPA. New York City. it Weirton Steel. The buyout saved the town, and Psaros received Archbishop Iakovos Leadership Psaros is also the Executive Producer and un - inspired Psaros to think about how management 100 Award for Excellence, the Homeric Award from derwriter of the documentary short film, PISTEVO, and labor could work together to revitalize manu - the Chian Association, the Socrates Award from about the centrality of Iconography in the Orthodox facturing in America. Psaros subsequently co- AHEPA, the Humanitarian Award from the Hellenic Christian Faith, which may be viewed at founded his own private equity firm, KPS Capital Times Scholarship Fund, the Executive of the Year www.theartofbelief.org. The film has been viewed Partners, LP, in partnership with Keilin and David Award from the Hellenic American Bankers Asso - in over 20 countries by tens of thousands of the Shapiro. ciation, the Hellenic Heritage Award from the Three faithful. PISTEVO won The Award of Excellence at Psaros is the former Treasurer of the Greek Or - Hierarchs Greek Orthodox Church, the Phidippides the IndieFEST Film Awards. thodox Archdiocese of North America and served Award from Hellenic Public Radio (Cosmos FM), on its Executive Committee. During his two-year and the Inspiration Award from the Loukoumi Foun - tenure in office, he led the successful financial and dation. He was recognized by the Archdiocesan JENNIFER ANISTON - organizational restructuring of the Archdiocese. Cathedral of the Holy Trinity and gave the keynote California The changes Psaros implemented were transfor - address at the Centennial Gala of the All Saints 34 $300 MILLION mative, resulting in a balanced budget and accom - Greek Orthodox Church of Weirton, West Virginia. (Celebrity Net Worth) panied by new practices to promote accountability, Psaros supports the Washington ‘Oxi’ Day Foun - TELEVISION AND FILM responsibility, and transparency. dation, and delivered the ‘Oxi’ Day speech in the New York's School of Performing Arts Psaros is an Archon, Ostiarios, of the Ecumeni - Armed Services Committee Chamber of the U.S. cal Patriarch, Order of St. Andrew the Apostle, Senate in 2015. It’s official (and hard to believe), the U.S.’s Greek- where he serves on its National Council. He cur - Psaros serves on the Board of Directors of American sweetheart, Jennifer Aniston, just cele - rently serves as Vice Chairman of Friends of St. Georgetown University and he and his wife created brated her 51st birthday. PHOTO BY JORDAN STRAUSS/INVISION/AP

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Born in Sherman Oaks, CA, Aniston spent about D. JAMES BIDZOS - CONSTANTINE and Hellenism. Iordanou has previously served as a year of her childhood in Greece known as Jennifer Virginia IORDANOU a trustee of Roosevelt University and the College Joanna Anastassakis. The daughter of Nancy Dow 36 $290 MILLION (TNHE) 37 $270 MILLION of Insurance and Risk Management. His awards (a direct descendant of the royal House of Stuart INFORMATION TECHNOLOGY (Wall Mine) include the Ellis Island Medal of Honor (1999). He of Scotland – making Aniston a royal) and daytime INSURANCE is married to Marianne Iordanou and they have soap opera star John Aniston (Days of Our Lives), New York University; Married, 3 children three children. In May of 2018, Iordanou and Mar - she eclipsed her father’s television fame and suc - D. James Bidzos, 64, is another Greek-American ianne received a Lifetime Achievement Award from cess with her own role as Rachel Green on the who prospered in the information technology rev - Our Lady of Mercy Academy for his philanthropic eternally popular sitcom, Friends (1994-2004). Anis - olution. Founder, Chairman of the Board, President, Constantine ‘Dinos’ Iordanou, 69, was president, efforts. “For the past fifteen years, Dinos and Mar - ton and her five castmates struck what was a and CEO of Verisign, Inc. (NASDAQ: VRSN), which CEO and Chairman of the Board of Arch Capital ianne have been actively involved with Mercy: As record payday at the time – $1 million each per provides domain name registry services and Inter - Group, Ltd, a Bermuda-based insurance/reinsur - parents of Mercy graduates, they spearheaded the episode for the last three seasons of the show – net security worldwide, Bidzos’ company offers a ance global entity until 2018. campaign to build a turf field ten years ago. They and she still collects sizeable residuals from the range of security services, including cyber-threat have continued to work tirelessly on many projects still-wildly popular sitcom’s syndication ($20 mil - reporting. Verisign currently manages $21 billion to benefit Mercy students now and into the future.” lion/year as per USA Today’s calculation in 2015). worth of .com domains, with each domain selling Iordanou was honored in May, 2016 by the Pan - Thanks to her portrayal, Rachel Green, the character for $7.85 annually. Cyprian Association, whose president, Philip Aniston played on the show, became so popular Bidzos served as Verisign’s first CEO from 1995 Christopher, said that they were honoring him in that the hairstyle she wore in the sitcom began to to 2001. In 2010 the company’s authentication particular because he never forgot his roots. be known as The Rachel. In February of 2020 it services were purchased by Symantec for $1.28 Christopher said, “he has been a trustee of our as - was announced that the original Friends cast would billion. Bidzos returned to the CEO job in 2011. The sociation from day one and as CEO of Arch, he reunite for an HBO Max Special (a new streaming following year, he was named Fortune’s 2012 Busi - went to Cyprus and opened an office there em - service) in May of the same year. nessperson of the year for reviving Verisign’s in - ploying 20 Greek Cypriots. Hopefully other com - Aniston has continued to appear in feature come, growth, and stock performance, which pre - panies will follow.” films and is often cast as the ‘girl-next-door’ type, viously had flagged. His compensation increased but sometimes as a quirky villain. In 2018, Aniston by 46% in 2013 to $8.5 million, including his bonus made her Netflix debut with the musical comedy and stock awards. THEODORE Dumplin. In 2019, she was seen alongside Reese Born in Greece, Bidzos came to the United ANTHONY Witherspoon and Steve Carell in the Apple TV and States as a boy. His father worked as a barber, and 38 SARANDOS JR . drama series The Morning Show (earning $2M his mother managed a restaurant. California per episode) as well as Adam Sandler in Murder A former computer programmer, he is credited $250 MILLION (Celebrity Net Worth) Mystery. Her success has propelled her to even with foreseeing the need for online security in the greater fortunes, topping $300 million in net worth early 1990s. Bidzos is an Internet and security in - ENTERTAINMENT this year. dustry pioneer, whose accomplishments include Married, 2 children Aniston began her professional training as a building RSA Security, an Internet identity and ac - drama student at New York's School of Performing cess management solution provider, into the early Born in Cyprus, Iordanou was the eldest of six Theodore (“Ted”) Anthony Sarandos Jr. is a Arts – a division of Fiorello H. LaGuardia High standard-bearer for authentication and encryption, children with a father who was a policeman. In an Greek-American businessman. The fourth of five School of Music and the Arts. In 2015, Aniston told and launching Verisign as a spin-off in 1995 to de - interview with Risk & Insurance, Iordanou recalls children, Sarandos’ father was an electrician. In a Collider that although she had a love for the theater velop the digital certificate infrastructure for Internet that in the house of his father “you were expected recent interview, Sarandos revealed his Greek her - growing up in New York City, her parents were commerce. Verisign operates infrastructure serv - to work hard and make something of yourself. All itage detailing how his paternal grandfather came pretty strict on her time in front of the television. "I ices that enable and protect billions of interactions of the kids had jobs after school. The money they from the Greek island of to the US as a was hell-bent because my dad was just begging earned was theirs for pocket money – but some - young boy. Their original family name was Kario - me not to be in the industry. He said, 'I do not want times it was needed to help the family cover its takis, which his grandfather later changed to your heart broken. The rejection is brutal. Please, grocery bills.” Sarandos. please, please don't do that. Become a lawyer.'" When Iordanou was 17, he boarded the SS In the same interview with The Standard, Saran - she said. "That was my one rebellion. I was hoping Queen Anna Maria to the United States and jour - dos described his first visit to Samos with his chil - that I was going to make it so that I could prove neyed by himself for 17 days. After he arrived in dren: “My father described it: ‘You get into the port. him wrong.” America, he called his father, who asked him Make a left. Look up the hill. There’s a yellow house While she was at school, Aniston thought there whether he had gotten a job already and whether with goats in the yard.’ I’m like, ‘it can’t be that was something wrong with her – she thought she he had registered for school – not whether he was simple.’ But it was. My kids were excited to meet was ‘stupid’ – but was later diagnosed as dyslexic. OK. Iordanou settled in Astoria, NY with one of his their family. We knock on the door but they don’t She went on to appear in various off-Broadway uncles. His first job was pumping gas at a Shell speak English, and I don’t speak Greek, so I am productions, television series and films, until 1994 station; he also washed dishes in a nursing home, trying to explain who I am, and finally they close when Friends came along. drove a cab, and worked as a cook. Iordanou ended the door on us. Besides her lucrative acting career, Aniston is up working his way through New York University, “Sarah [his daughter] starts crying, ‘I thought in demand as a spokeswoman for brands such as earning a BS in aerospace engineering before en - we were going to see our family.’ I go, ‘Sarah, Aveeno and Vitamin Water. In 2011, she reportedly tering the insurance industry as a trainee at Amer - made over $20 million selling her Beverly Hills ican International Group (AIG). He started working home for $35 million, twice the price at which she upwards of 80 hours a week – not because it was bought it for. asked of him, but because he wanted to. The actress has also been a director and pro - According to Risk & Insurance, Iordanou’s big ducer in recent years. She directed one of five seg - break came after the passage of the Resource Con - ments that made up the cable TV movie Five servation and Recovery Act in 1976, which called (2011), which focused on women living with breast for closer governance of hazardous waste disposal. cancer and was one of 100 artists and other public Iordanou was given the responsibility of creating figures to narrate the documentary film Unity AP PHOTO/RICHARD DREW an environmental liability group at AIG. It was after (2015), which “investigates human existence and every day across the world’s voice, video and data this that Hank Greenberg, then AIG chairman, no - interconnectivity.” She received her own Hollywood networks. The Virginia-based Verisign offered a va - ticed him. Walk of Fame Star in February 2013 – the first riety of Internet and communications-related serv - In 1987 he moved on to Berkshire Hathaway, actor from Friends to be honored with a star. Some ices in its global affiliate network. Verisign managed where he worked his way up to heading their com - of her other awards include the Screen Actors Guild two of the world’s 13 Internet root servers, a.root- mercial casualty operations. From March 1992 (1996), Emmy (2002), Golden Globe (2003), and servers.net and j.root-servers.net, considered na - through December 2001, Iordanou served in vari - People’s Choice (four times) awards, and has as - tional IT assets by the U.S. Federal government. ous capacities for Zurich Financial Services and its sisted and worked with many charities like Rain Since 2007, the company has been focusing on affiliates, including senior executive vice president (an anti-sexual assault organization), St. Jude’s, its core business and whittling away less profitable of group operations and business development of and various cancer-fighting organizations. She was side projects. In 2009, it sold its security service Zurich Financial Services, president of Zurich Amer - also named GQ magazine’s first ever Woman of business to SecureWorks and its security consult - ican Specialties Division, chief operating officer and the Year in 2005 and was Ellen Degeneres’ very ing business to AT&T. Verisign now focuses on its chief executive officer of Zurich American, and chief first guest for the very first episode of The Ellen Internet infrastructure services. Among the com - executive officer of Zurich North America. Show in 2003. pany’s services are providing .com, .net, .cc, .tv, He joined Bermuda-based Arch (NASDAQ: Aniston’s personal life is often a source of media .name, and .jobs domain names for websites. Ac - ACGL) in December 2001 as its president and attention, especially her relationships with actors cording to Simply Wall Street, over the last three member of its board of directors. In 2003, Iordanou Brad Pitt, whom she first met on a blind date and years Verisign has grown its earnings per share by was appointed president and CEO of Arch Capital later married from 2000 to 2005, and Justin Ther - an average of 9.9% per year, achieved revenue Group, Ltd. In November 2008, he was appointed oux, whom she wed in 2015; the couple announced growth of 3% over the last year, and has provided chairman of the board. He retired from the company in 2018 that they were divorcing. for a total return of 147% over three years. in March 2018. His stated reasons for retiring are Aniston is a well-known activist and a philan - Bidzos has been named one of Time magazine’s to spend more time with his grandchildren, focus thropist. She has donated generously to different Digital 50, and is in CRN’s Computer Industry Hall on philanthropy, play golf, travel for leisure, and imagine if someone came to the door and started philanthropic organizations such as Doctors without of Fame. In September 2013, the Federal Aviation many other activities. He is also a director at Verisk screaming at you in Chinese.’ But back at the hotel Borders, AmeriCares, Feeding America, Clothes Administration named Bidzos, who is a certified pi - Analytics, Inc. of Jersey City, N.J., the American the manager wrote them a letter. So I handed it to Off Our Back, EB Medical Research Foundation, lot, to the FAA Airmen Certification Database. In Insurance Association (AIA), and the Association them and five minutes later we are eating together OmniPeace, Project A.L.S., Friends of Al Faro, and late 2016, the National Cyber Security Hall of Fame of Bermuda Insurers and Reinsurers (ABIR). and drinking together.” many others. Aniston has also contributed appre - honored Bidzos, who is an inductee, by naming He is a founding member and lifetime trustee Born in Phoenix, AZ, Sarandos is best known ciably to the cause of lesbian, gay, bisexual, and him keynote speaker at its fifth annual award cer - of the Pancyprian Association of America which for being the Chief Content Officer of Netflix. He is transgender (LGBT) rights, and has hosted shows emony in October in Baltimore, MD, for his “key was established in 1975. He is also a founding like Stand Up For Cancer and It Can’t Wait. role in the creation of the cyber security industry.” member of Faith: An Endowment for Orthodoxy Continued on page 26

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Continued from page 25 gineering from the University of Texas at Austin. headed by well-known industry player Martin Gage. He and his wife, Maria, have been married 30+ In 1986, he founded his own shop, SGA Repre - responsible for overseeing the company’s annual years and have five children. One of their daughters, sentation, and after a series of mergers and acqui - budget of more than $15 billion (gross) as well as Victoria, married chef Aaron Bludorn (who worked sitions, the Paradigm Agency was born. the teams responsible for the acquisition and cre - at Cafe Boulud in New York for more than 10 years) In 2014, he acquired a 50% stake in London- ation of all Netflix content. who has decided to open up his own restaurant based CODA Music. Gores further expanded the Sarandos has been responsible for all content sometime in the summer of 2020 in Houston. firm’s European reach by partnering with X-ray operations since 2000, and led the company’s tran - A graduate of Texas A&M, Harris Pappas was Touring and Ron Burkle’s Yucaipa in 2017. And just sition into original content production that began commissioned as a 2nd Lieutenant in the U.S. a few short weeks ago, it was announced that Par - in 2013. . Before that, Sarandos was an executive Army, serving one year in Thailand and one year in adigm was investing in and expanding into the sync at video distributor ETD and Video City/West Coast Vietnam, earning two Bronze Stars and three Army world via a strategic investment in UK sync and Video. Commendation medals. He is a member of the sound branding agency, Pitch & Sync. He oversaw the production of series such as board of directors of Oceaneering International, Paradigm first became a player in the music in - 'House of Cards', 'Arrested Development', 'Orange Inc., a publicly held oil and gas operations firm, and dustry by purchasing Monterey Peninsula Artists is the New Black', 'Stranger Things', 'Dark' (Ger - also served a ten-year term on the board of trustees (Dave Matthews Band, Phish, Aerosmith, Toby many), 'La Casa De Papel' (Spain), and 'Sacred of Memorial Hermann Healthcare System in Hous - Keith) in 2004 and Little Big Man (Coldplay, The Games' (India), as well as original films like ‘The ton. He is an advisory director of the Boys & Girls Fray) in 2006. Other noteworthy names in Para - Irishman’, 'To All the Boys I've Loved Before', Clubs of Greater Houston and of Bank-Frost Na - digm’s repertoire include: Kacey Musgraves, Shawn 'Bright', 'Bird Box', and the 3-time Academy Award tional Houston. He is a member of the Texas A&M Mendes, Tiesto, Imagine Dragons, Janet Jackson, winning film 'ROMA'. announced that Stavropoulos would be replaced Foundation Development Advisory Committee and Zoe Kravitz, Halsey, Diplo, Gucci Mane, Antonio Sarandos is also responsible for the company's by Christopher D. Pappas as Independent Lead Di - serves on the Education Development Council Ad - Banderas, Neil Patrick Harris, Kenny Chesney, Ed massive investment in the UK, which resulted in rector of Univar, the largest chemical distributor in visory Committee. He has received awards from Sheeran, The Black Eyed Peas – as well as teen over 40 shows including global hits like 'Our Planet' the United States. Stavropoulos will continue to both Texas A&M University and the school’s Mays phenom Billie Eilish, who swept the Grammys last and 'The Crown'. More recently, Sarandos has serve on the Board. College of Business. Harris is a member of the month, winning all four top awards. Paradigm’s landed big-ticket production deals with Shonda Stavropoulos is a past chairman of the American World President’s Organization and on Schreiner dominance in the festival space was underscored Rhimes, Ryan Murphy, Barris, Marti Noxon Chemistry Council, Society of Chemical Industry, University’s advisory board. He is a founder of the recently by a much-shared Rostr infographic show - and the Obamas. and American Plastics Council. He served on the Hellenic Foundation, which endeavors to raise ing the agency breakdown at Coachella, which Sarandos is married to Nicole Avant, the former board of trustees at the American Enterprise Insti - scholarship money for seminary students attending gives Paradigm 35% of all acts. For comparison, United States Ambassador to the Bahamas from tute for Public Policy Research. Among his awards Holy Cross Greek Orthodox School of Theology. An the aforementioned CAA has 13%. 2009-2011 who was appointed to the post by for - and honors are AHEPA’s Man of the Year (1995), avid boater and fisherman, he and his wife, Vicky Gores has donated to the Children’s Hospital of mer President Barack Obama. the Hellenic American Bankers Association Man of Marinos Pappas, have children and grandchildren. Los Angeles. He is also an active participant in Con - Sarandos landed among the 100 most influential the Year (1997), an honorary Doctor of Laws Degree The brothers’ grandfather, H.D., arrived in the servation International and Hand in Hand: Center people in the world in the ‘Titans’ list of Time mag - from Northwood University (1998), the Ellis Island U.S. in 1897 and became a restaurateur. Chris and for Jewish Arab Education in Israel which builds azine (a/k/a TIME 100). He is also a member of the Medal of Honor (1998), and induction into Junior Harris were encouraged to avoid the restaurant in - schools in Israel for both Jewish and Arab children. Tribeca Festival and the Los Angeles Film Festival Achievement of Central Michigan’s Business Hall dustry and given warnings about its long hours and He is a member of the Academy of Motion Picture boards and he has been named Consultant of the of Fame (2005). Institutional Investor magazine unpredictable schedules. The brothers managed Arts and Sciences, the Academy of Television Arts Digital Entertainment Group. He has served on Spo - named him one of America’s best CEOs three times to stay away – for a little while. But the lure of the and Sciences and the Recording Academy. He also tify’s board since 2016. In June 2020, Sarandos is (1998, 2003 and 2004). In 2010, he received the restaurant biz proved too strong for both brothers. serves as a Trustee at the American Academy of heading to Canada’s Banff World Media Festival to title of Archon of the Ecumenical Patriarchate. Soon, Harris found himself managing his father Dramatic Arts and is on the board of Geffen Play - give a keynote address. Stavropoulos and his wife, Linda, have two children, Jim's first restaurant, the Dot Coffee Shop, only to house. Bill and Angela, and several grandchildren. In 2016, be followed shortly by Chris who stepped in at his the Bill and Linda Stavropoulos Family Foundation brother's request. DR. WILLIAM S. made a $10 million gift to the University of Notre The Pappas Brothers often help nonprofit groups ANDREW N. LIVERIS - STAVROPOULOS - Dame for the creation of a center specializing in and churches renovate their kitchens. Highly in - Michigan 39 Michigan biophysical research in the College of Science. volved in the Annunciation Cathedral of Houston, 42 $138 MILLION (TNHE) $235 MILLION (TNHE) both brothers were granted the title of Archon of CHEMICALS, PLASTICS, CORPORATE ADMINISTRATION MANAGEMENT Fordham University (Pharmaceutical University of Queensland (Chemical Chemistry); Married, 2 children Engineering); Married, 3 children

William S. Stavropoulos was born in 1939 in Andrew Liveris, 65, is the former chairman and Southampton, New York. The son of Greek immi - CEO of the international chemical, materials, agro - grants, he grew up in the nearby town of Bridge - science, and plastics global giant, Dow Chemical hampton, where his family owned and operated a Company, based in Midland, MI. The Australian- very popular ice cream parlor and eatery – The born Liveris succeeded Dr. William Stavropoulos, Bridgehampton Candy Kitchen. He attended Bridge - a friend and mentor (also listed supra), in 2004 and hampton School, where he excelled both academ - became Chairman of the Board in 2006. Liveris, a ically and athletically. One of the sixteen students 40-year industry veteran, left Dow after piloting the in his high school graduating class was his close merger of the United States’ two largest chemical childhood friend Carl Yaztrzemski, the beloved fu - producers – Dupont and Dow – in a $130 billion ture Hall of Fame baseball star who played for the deal in 2017. According to Bloomberg, Liveris re - Boston Red Sox for 23 years. Stavropoulos holds a ceived $65.7M in pay for his last year at the com - bachelor of science degree in pharmaceutical pany. Liveris spent a total of 42 years at Dow and chemistry from Fordham University and a doctorate was the company’s longest-serving CEO. As per in medicinal chemistry from the University of Wash - the Ecumenical Patriarchate in 2008. In 2016, Pap - the American Chemical Society, Liveris transformed ington. CHRIS & HARRIS pas Restaurants donated $500,000 to Texas South - Dow from a cyclical chemicals manufacturing com - After a long and distinguished career at the Dow PAPPAS - Texas ern University which, in its newspaper, quoted Chris pany into one powered by science, driven by inno - Chemical Company, where among other capacities 40 $220 MILLION (TNHE) Pappas on that occasion: “on behalf of Pappas vation, and delivering solutions to the world. he served as Chairman and CEO, Stavropoulos FOOD SERVICE Restaurants, my brother Harris and I are proud to Liveris first started working at Dow Australia in moved in a different direction: to president and partner with Texas Southern University with this 1976 and spent time in their manufacturing, engi - founder of a minor league baseball team – The donation of more than a half a million dollars. The neering, sales, marketing, business, and general Great Lakes Loons. In 2005, he was inducted into Brothers Christopher J. and Harris Pappas – 72 work that TSU does enriches not only the lives of management departments. During much of this the Midland County Sports Hall of Fame as a Pro - and 75 years of age, respectively, and still very the students on their campus, but also the entire time he worked in Asia, including 14 years in Hong fessional Baseball Visionary for his work, which in - much involved in their thriving family business – Houston community. As native Houstonians, we Kong. He served as general manager for Dow in cludes founding the Michigan Baseball Foundation. opened the first Pappas Restaurant in 1976. Today, strongly believe in supporting higher education in Thailand, and president of all Asia-Pacific opera - The Loons are affiliated with Major League Base - the privately owned Pappas Restaurants, Inc. op - our hometown, and we are excited that our contri - tions. He joined Dow's board of directors in Febru - ball’s . MBF’s mission, ac - erate more than 100 restaurants in eight states. bution will provide a place for students to live, study ary 2004, and was named CEO in November 2004. cording to its website, is “to bring affordable, fam - More recently, Chris’ and Harris’ children, all in and support one another while pursuing a college He was elected chairman of the board, taking over ily-friendly entertainment to Mid-Michigan. Through their 20s and 30s, have taken on more prominent degree.” on April 1, 2006. the Great Lakes Loons MBF hopes to revitalize and roles in the business, including marketing, real es - In 2012 he helped spearhead the founding of reinvigorate the region and promote greater eco - tate, culinary research and development, and con - The Hellenic Initiative (THI), a global, nonprofit, sec - nomic and civic prosperity.” In 2019, Brad Tammen struction. SAM GORES - ular institution whose vision is to mobilize the Greek was named the new President and General Man - Pappas Restaurants grew from the work of the California diaspora and philhellene community to invest in ager of the Great Lakes Loons after what brothers’ father, Jim, and his brothers at Pappas 41 $150 MILLION the future of Greece through programs focused on Stavropoulos called a “nationwide search.” Refrigeration, which they opened in 1945. Pappas' (Celebrity Net Worth) crisis relief, entrepreneurship, and economic de - Stavropoulos was a director at Tyco International nine unique brands include Pappas Seafood House, ENTERTAINMENT velopment. Limited from 2007 to 2012. A major diversified, Pappasito's Cantina, Pappadeaux Seafood Kitchen, American Academy of Dramatic Arts; Liveris is a firm believer in incentives for in - multinational company, Tyco is a leading provider Pappas Bar-B-Q, Pappas Bros. Steakhouse (which creasing manufacturing in the United States. He of security products and services, fire protection made the list of the 100 most romantic restaurants 3 children wrote and frequently speaks on his book Make it and detection products and services, valves and in America this year - the only Houston restaurant in America (2011) on that topic. Under his leader - controls, and other industrial products. In May which made the cut), Pappas Grill Steakhouse, Pap - Sam Gores, brother to Alec and Tom Gores (also ship, he wanted the ‘new’ Dow to make new prod - 2007, just two months after Stavropoulos became pas Burger, Yia Yia Mary's Pappas Greek Kitchen, featured on this list), founded the entertainment ucts in America, often with an environmentally a board member, Tyco agreed to pay almost $3 bil - the original Dot Coffee Shop, which was estab - talent Agency Paradigm in 1992 and has become friendly or research-based core, such as solar shin - lion to defrauded investors, the largest such pay - lished by their father Jim and his three brothers in one of the top agents in Hollywood. After arriving gles for homes. ment ever made by a single company. He retired 1967, and, most recently Pappas Delta Blues in the United States with his family from Israel, He was tapped by the Trump Administration to at the end of 2012. Smokehouse. Each company has its own specialty, Gores worked as a butcher and as a grocer. Gores help identify new ways to spur innovation and re - Prior to joining Tyco, Stavropoulos spent 39 with Yia Yia Mary’s, for instance, specializing in now oversees Paradigm’s 700 employees out of vitalize the U.S. manufacturing sector, and served years at Dow. In addition to leading the company, Greek food, fish and mezedes (Greek, with a hint its Beverly Hills headquarters, in addition to offices as Co-Chair of U.S. President Obama's Advanced he held various positions in research, marketing, of Texas). The family-owned restaurant group will in almost a dozen other cities. Over the years, he Manufacturing Partnership steering committee and general management. He also served in a va - add another new concept restaurant to its empire: has grown his company by wisely acquiring niche (which aims to pool the efforts of industry, schools, riety of research and business positions in phar - Pappas Shrimp Shack – as a pop-up for now, but and the government for innovation in fields like in - maceuticals and diagnostics. Stavropoulos was one that will hopefully transition to its own perma - formation technology, biotechnology, and nanotech - named president of Dow USA in 1990, and was nent restaurant. Pappas Restaurants also has two nology) and as a member of the U.S. President’s elected vice president of Dow Chemical Company. food catering businesses and a food delivery busi - Export Council. He was then elected a senior vice president of Dow ness as well. With roots in , Greece, Liveris was in May 1991, and became chief operating officer Chris and Harris Pappas serve as CEO and pres - born in Darwin, Australia. As he told students in a in 1993. He served as CEO from 1995 to 2000 and ident, respectively, of Luby's Inc., a publicly traded lecture in 2005, his grandfather was a Greek sailor again from 2002 to 2004, and was a member of cafeteria chain founded more than 50 years ago. who made the impromptu decision to stay in Dar - Dow’s board of directors from July 1990 to March The brothers became majority shareholders in the win after traveling there on a merchant ship at the 2006 (he was succeeded by Andrew Liveris, a company in 2001. Since 2018, Luby’s has been start of the 20th century. He has been quoted say - Greek-Australian, who is also featured infra). As struggling and has had to close several locations ing: “I am a proud Greek. Though I was not born on Stavropoulos was a chemist before he became an after less-than-ideal performance. However, the the banks of the Aegean or on the shores of the executive, he was ambitious for Dow to become Pappas brothers aren’t ready to give up on it yet. Mediterranean, I come from a country that enjoys an industry leader with a commitment to ethical Chris Pappas serves on the board of directors agencies and diversifying Paradigm’s client base. its beaches and likes its meat on a skewer – that practices. According to Reference for Business, he for the Greater Houston Partnership and is also a Paradigm remains privately owned, although in country is Australia. There are millions of Greeks focused research and development on bringing member of the Dean's advisory board at the Conrad 2019 it discussed (and ultimately declined) merging like me around the world, born overseas but drawn new products to market using the chemical-indus - N. Hilton College of Hotel and Restaurant Manage - with rival UTA. Earlier this year, Paradigm made to our homeland. We grew up hearing stories from try standards of Responsible Care and strived to ment at the University of Houston. He was inducted significant cuts to its staff (about 4%) – laying off our parents and grandparents about our heroes adhere to sustainable development – that is, the into the college’s Hospitality Industry Hall of Honor about 30 agents and support staff and reshuffling and our history. And no matter our heritage, our use of raw material and energy obtained from bio - in 2009. Chris is a member of the board of directors its executive suite. This lead to rumors that live accent, or our current address, we feel a special mass rather than petroleum. Stavropoulos received for the National Restaurant Association, the Texas giant CAA was considering an acquisition bid for connection to Greece.” the prestigious American Section Award from the Restaurant Association, and the Greater Houston Paradigm but Gores shut down those rumors by Liveris attended the University of Queensland Society of the Chemical Industry in 2001, not only Restaurant Association and is an advisory board saying: “let me state emphatically – we are not for in Brisbane, graduating with a bachelor's degree for his role in making Dow a global leader in the member of Amegy Bank. In 2001, he was inducted sale, nor are we selling the agency.” (first-class honors) in chemical engineering, and chemical industry but also for the high standards into the Texas Restaurant Association Hall of Honor. Gores worked his way up the Hollywood food was awarded the University Medal for that year. In he imposed on the industry in the process. He is also a member of the Houston Food Bank’s chain. He studied acting at the American Academy 2005, he received an honorary doctorate in science Stavropoulos is a director of Teradata Corpora - Capital Campaign Committee and he has assisted of Dramatic Arts and was part of the first graduating from the school. Within a week of stepping down tion, and on the advisory boards for Metalmark in raising over $50 million for the organization. Chris class of the original California campus. In 1977 he from his position as CEO of Dow Chemical, he re - Capital LLC and Maersk Inc. In May 2019, it was received his bachelor's degree in mechanical en - took a job at The Gage Group, a talent agency vealed that he was donating $13.5 million to the SPECIAL EDITION FEBRUARY 2020 27 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America

the Converse line. The designs were so popular binator, and angel investor Chris Sacca. 20 to finish higher than last year in our top 50. that they have continued to this day. Calacanis is also the founder and CEO of Fey’s maternal grandmother, Vasiliki Kourelakou, Varvatos joined the cast of NBC’s Fashion Star Inside.com, a real-time mobile news app with the emigrated to the United States by herself in 1921 in 2012. One year later he saw the release of a mission of being the world’s best news product. from the village of Petrina. Although Fey’s father limited edition Chrysler 300 in his name. In 2014, He also authored a book in 2017 titled Angel: How was not Greek, Zenobia (nee Xenakis), her mother, he partnered with a music label to launch John to Invest in Technology Startups – Timeless Advice spoke Greek at home with her children and took Varvatos Records, initially signing the Zac Brown from an Angel Investor Who Turned $100,000 into them to church every Sunday. Band. $100,000,000. He is expected to be among the Knowing from an early age that she was des - Varvatos attributes his early interest in fashion speakers at the first Philippine Fintech Festival in tined for a career in comedy, the native Pennsyl - to his love for rock and roll, observing the fashion Manila this coming May. vanian (from the predominantly Greek suburb of statements of various rock musicians, from Alice Calacanis graduated from Xaverian High School Upper Darby), now 49, joined the cast of Saturday Cooper to Green Day. Music, he says, also inspired in 1988 and earned his B.A. in psychology from Night Live (SNL) more than twenty years ago. After his philanthropic causes, and he was influenced Fordham University. a successful stint on the show’s consistently pop - particularly by Beatles legend Ringo Starr’s involve - ular Weekend Update mock news segment, Fey ment in “inner peace and global peace, both of shined even brighter in 2008 with her spot-on im - which are important to me.” JAMES T. personation of Republican Vice Presidential nomi - Varvatos was named Gentleman Quarterly’s DEMETRIADES - nee Sarah Palin. She also became the first female (GQ) Designer of the Year in 2007. 45 California head writer in SNL history. In 2015, Varvatos melded his three worlds: fash - $95 MILLION Fey reprised the role several times during that ion, , and Detroit, into the COMPUTER SOFTWARE campaign season (and did so again around the Detroit fashion line. An avid hockey fan, Varvatos Loyola Marymount University time of the 2012 and 2016 elections). In one bit had the privilege of creating custom-blazers for the characterizing Palin’s attestation that she is fa - ’s top all-time 100 players (Computer Science, Economics and miliar with world affairs because as Governor of at an event in early 2017 during the League’s All- Business Marketing; Married, 6 children Alaska, she had to deal with fly-over zones of air - university to be used to establish an endowment Star Weekend. planes from neighboring Russia, Fey blurted out for what will be called the Liveris Academy for In - In March 2019 Varvatos and HBO launched James (‘Jim’) Demetriades, 57, was last on our in a comically ditzy manner: “I can see Russia novation and Leadership. Game of Thrones upscale merchandise clothing – list in 2011. Raised in a family of scientists, Deme - from my house.” In a classic example of how com - Liveris sits on the Board of Directors of IBM, marking Varvatos’ first partnership with a television triadis began playing with computers at the age of edy bits can influence public thinking, many Amer - The Nature Conservancy (TNC), and Novonix, and series. The line includes 11 menswear pieces in - nine at the California Institute of Technology, where icans polled have since then attributed that line he is a member of the Concordia Leadership Coun - cluding a hand-dyed leather jacket, cross-over Hen - his father would drop him off at the computer labs to Palin, not realizing it was Fey who had actually cil and the Australian government’s Industry Growth ley shirts, pants, a textured messenger bag and while he was visiting friends. A child prodigy, he said it. Centres Advisory Committee. He serves as a graphic prints over spray dyed t-shirts that feature began his scientific career at Caltech when he was Fey and her SNL sidekick, cohost for numerous trustee of Saudi Aramco, The King Abdullah Uni - emblems such as the ‘iron-throne’ motif. just 11 years old, and is a 1980 graduate of the award shows, and ‘BFF’, Amy Poehler, starred in versity of Science and Technology (KAUST), the A few months later, in September, the band Webb School (which now has a James T. Demetri - the comedy film Sisters in 2015. Poehler joined California Institute of Technology, and the United Badflower were chosen as the cover artists for the ades ’80 Endowed Prize for Unbounded Teaching). Fey to cohost SNL in December 2015, reprising States Council for International Business. He is also latest John Varvatos Star USA campaign for the her own signature role as . on the board of the U.S.-India Strategic Partnership fall/winter of 2019. In that same month, Varvatos Also a writer and producer, Fey has won nine Forum (USISPF), serves as Co-Chair of the Saudi- and singer Nick Jonas announced that they will be Emmy Awards, three Golden Globe Awards, five U.S. CEO Forum, and was appointed deputy chair - joining the celebrity tequila market with a brand Screen Actors Guild Awards, three Producers Guild man of Worley, a global engineering company. Re - called Villa One, created by the Stoli Group. Awards, and seven Writers Guild of America cently, Liveris was named Senior Advisor to the In a fascinating 2019 interview with the Un - Awards. In 2010, she was awarded the Mark Twain Saudi Arabian Government’s Sovereign Wealth touchable Blog, Varvatos said the following when Prize for American Humor, becoming the youngest- Fund, PIF. asked about whether his Greek roots come through ever recipient of the award. Liveris is a chartered engineer and a fellow of in any of his collections: “I don’t know if they come Fey created, wrote for, and starred in the multi- the Institute of Chemical Engineers, as well as a through in my collections, but they definitely come award-winning sitcom 30 Rock (it received 112 fellow of the Australian Academy of Technological through in my passion for what I do and my humility Emmy nominations in total). Fey also co-created Sciences and Engineering. In 2011 alone he re - for what I do. I grew up in a 100% Greek family the Netflix comedy series Unbreakable Kimmy ceived awards from the Committee for Economic that was very humble – seven people in an 800 Schmidt. She has appeared in numerous feature Development, the U.S. Council for International square foot house with one bathroom – and family films including Martin & Orloff (2002), Mean Girls Business (USCIB), and the Yale Chief Executive was very important, relatives were important, the (2004), Baby Mama (2008), The Invention of Lying Leadership Institute. He was awarded the Order heritage was important. And now, I am very true to (2009), and Date Night (2010), Whiskey Tango Fox - of Australia, the nation’s highest recognition for the heritage of my brand and have a respect for trot (2016), and most recently, Wine Country (2019). outstanding achievement and service, in 2014. In the heritage of menswear.” In August 2019, it was announced that Fey would 2019, the Greek community of Melbourne also voice the co-lead role in the Pixar fantasy comedy honored Liveris. adventure film Soul, which is scheduled to be re - Liveris and his wife Paula, also a native of Aus - leased in June 2020. Maybe surprisingly, Fey’s tralian, have three adult children: Nicholas, Alexan - $100 MILLION highest grossing film was the 2010 animated movie dra and Anthony. 44 (Celebrity Net Worth) Megamind. INTERNET ENTREPRENEURSHIP, In 2011, she released her memoir, Bossypants, BLOGGING After graduating from Webb, he attended Loyola which topped The New York Times Best Seller list JOHN VARVATOS - Marymount University where he took a computer for five weeks and garnered her a Grammy Award New York Fordham University (Psychology); programming course which changed his life. There, nomination. Fey also created the musical adaptation 43 $120 MILLION Married, 3 children under Professor Phil Dorin, he became passionate Mean Girls, which premiered on Broadway in 2018, (Celebrity Net Worth) about computers and would frequently sneak into and earned her a Tony Award nomination. About a FASHION Jason McCabe Calacanis, 49, is an American the locked computer labs late at night to play and month ago, Fey took the stage at NBCUniversal’s Eastern Michigan University & entrepreneur, noted angel investor, and author who work on the computers there. He knew that com - 30 Rock headquarters to announce that she is ex - puters would one day change the world. (Pre-Med & After graduating from Loyola Marymount, Education); Married, 3 children Demetriades worked for two companies designing software for insurance companies and hospitals. Born in 1954 in a suburb of Detroit, John Var - When he noticed that work being repeated up to vatos, now 54, is a Greek-American contemporary 70 percent of the time, he created a product which fashion designer known around the world. His par - would reduce the cost and time necessary to inte - ents were both Greek. His father worked as an ac - grate applications. “I took the idea to my boss, and countant in Michigan, and according to various he said he didn’t want to focus on that aspect of sources, Varvatos has roots in Cephalonia. the job, so I said, ‘Do you mind if I quit and work on In 1982, Varvatos entered the design industry this?’” In less than a decade, Demetriades found at 17, joining Polo , and in 1990 moved himself at the helm of a multi-million dollar, pub - over to Calvin Klein (CK), where he was in charge licly-traded company. of menswear design and pioneered the concept of At the age of 26 he started his own software “,” which are men’s underpants that company, SeeBeyond, that invented and patented are a hybrid between boxers and briefs. That inno - numerous technologies in the software industry, vation propelled Varvatos to the top-tier of the de - including composite, client server based integration sign industry, as boxer briefs were highly touted technology, distributed integration technologies, as one of the greatest apparel revolutions of the and cloud based integration and development prod - 20th century after being made famous by a series ucts. These integration products were ranked num - of 1992 print ads featuring Mark Wahlberg. hails from Bay Ridge, Brooklyn. ber one in the world by the Gartner Group. Deme - Varvatos, later asked about what gave him the Calacanis started his professional career in triades grew SeeBeyond, which he started with idea, said: “we just cut off a pair of longjohns and earnest in the 1990s, as one of a handful of people 5,000 dollars, into the world’s largest organically who went “all-in” on the internet from its outset. grown and self-funded integration software com - ecutive producing one of the first original series He created a highly successful monthly magazine pany with products used in dozens of companies for NBCU’s upcoming streaming platform, Peacock. called Silicon Alley Reporter to keep readers up to around the world, including GM, Porsche, BMW, Girls5Eva is a comedy about a one-hit-wonder girl date on the happenings in the newly created mass- Pepsi, NY Columbia Presbyterian, JPMorgan Chase, group from the ’90s that reunites to give their pop tech sector of the economy during the dot-com Unilever, Air Liquide, the British NHS, Aetna, the star dreams one more shot. era. Cleveland Clinic, and about another 10,000 cus - Fey takes on many causes, including having Learning from the fickle nature of the internet, tomers. Demetriades ended up taking the company done benefits and fundraisers for various charities Calcanis didn’t waver in his pursuit of total immer - public and then successfully sold it to Sun Mi - including Autism Speaks and Mercy Corps, a global sion into the newly created web-based world and crosystems (now part of Oracle) for $387M cash relief and development organization trying to end co-founded Weblogs, Inc. in September 2003 along in June of 2005. world hunger. She is also vocal about gender roles with Brian Alvey. Weblogs, Inc. was a blog net - Demetriades also founded and manages his in America, having told Town & Country magazine worked platform that featured entries of a variety own groundbreaking venture capital investment in 2016 that, when hearing that this must be a of different interests, primarily tech news but also company, Kairos, real estate development and man - great time for women in comedy, she responds: had video game, automobile and cultural features. agement company, Multiversal, and his own unique “No, it's a terrible time. If you were to really look at About 18 months after its founding, Calcanis sold children’s internet education media company, that it, the boys are still getting more money for a lot of Weblogs, Inc. to AOL for $30 million. he created called Inspero.net. Through Kairos Ven - garbage, while the ladies are hustling and doing Since the sale of Weblogs, Inc. to AOL, Calacanis tures Demetriades hopes to turn more scientific amazing work for less." has amassed the majority of his fortune by being breakthroughs into successful businesses, raising In 1994 Fey began dating Jeff Richmond, a pi - an angel investor. Most notably, he was one of the $50 million for research at Caltech in 2015. Deme - anist who later became a composer on 30 Rock. first investors in tech behemoth Uber that was re - triades also serves on boards of numerous tech - They married in a Greek Orthodox ceremony on cently valued at more than $100 billion. He has re - nology companies in a variety of industries. He June 3, 2001. They have two daughters, Alice, born portedly invested in over 70 startups and is cur - has devoted the last few years to raising (and September 2005, and Penelope Athena, August rently investing $15 million a year in 30 promising homeschooling) his six children, with his wife 2011. startups through the LAUNCH Fund and his Angel - Nancy. He has invested in a hotel (The Landing), List Syndicate, which has 400 members. In 2018, and a bar and two restaurants on six acres in Mam - AP PHOTO/JULIE JACOBSON FILE Calacanis invested in Calm, a meditation app that moth Lakes, California. An avid yachtsman, he has GIANNIS thought, this could be cool.” is valued at $1 billion. won both California’s Big Boat Series and Long ANTETOKOUNMPO - Varvatos returned to Lauren in 1995, as head After three years of hosting TechCrunch50, he Beach Race week. 47 Wisconsin of all Polo menswear design, and he created the founded LAUNCH Media, which publishes the $60 MILLION Polo Jeans Company. LAUNCH Ticker and produces a number of events, (Celebrity Net Worth) Just at the turn of the century, in late 1999, Var - including the annual LAUNCH Festival, the largest TINA FEY - New York PROFESSIONAL ATHLETE $70 MILLION vatos started his own company, debuting his first startup conference in the world with over 9,000 1 Child clothing line a year later, and opened a boutique in attendees last year. The Festival features 50+ start - 46 (Celebrity Net Worth) New York City’s SoHo neighborhood. The brand ups that launch in front of 5,000+ industry leaders. ENTERTAINMENT Giannis Sina Ougko Antetokounmpo, 25, is a now includes belts, handbags, footwear, eyewear, Previous graduates include Mint, Dropbox, Yammer, University of Virginia (Drama); Married, Greek professional basketball player for the NBA and fragrances and is available at retail stores as Fitbit, and Room 77. team, the . well as his own stores. A few years later, Varvatos Since 2009, Calacanis has been the host of pop - 2 children A bonafide NBA superstar, and the NBA's reign - also signed a new deal with Converse, the athletic ular podcast This Week in Startups, the largest talk ing Most Valuable Player, whose fame has reached footwear manufacturer, to design a line of clothing show about technology and startups in the world. With a celebrity star continuing to rise with no most corners of the world, Antetokounmpo was under the Chuck Taylor label. For several years, he Past guests on the show include , Twit - peak yet in sight, Elizabeth Stamatina Fey, known had designed his own version of classic shoes in ter founder Evan Williams, Paul Graham of Y Com - to the world as Tina, added to her net worth in 2019- Continued on page 28 28 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙

Continued from page 27 mer Rice University volleyball standout Mariah Rid - to have won the Merlin Magician of the Year twice. Stephanopoulos married Alexandra Wentworth, dlesprigger who on February 10, 2020 gave birth He holds the records for longest time submerged an actress, comedian, and writer in 2001 at the born in Athens, Greece to Nigerian immigrants from to Antetokounmpo's son, Liam Charles. underwater (24 hours), the longest body suspen - Archdiocesan Cathedral of the Holy Trinity. The cou - Lagos. He grew up in the Sepolia neighborhood in sion (5 hours, 42 minutes), and the fastest straight- ple has two daughters: Elliott Anastasia and Harper Athens and due to harsh working conditions for jacket escape (2 minutes, 30 seconds). Andrea. immigrants in Greece, Giannis and his brothers CRISS ANGEL Angel has two children, Johnny Crisstopher helped his parents financially by hawking items on New York (2014) and Xristos Yannis (2019). His first born was the street. Giannis’ basketball journey began in 48 $50 MILLION diagnosed with lymphoblastic leukemia – a form NICK MARKAKIS 2007 as he was introduced to the sport then and (Celebrity Net Worth) of cancer. After 18 months of chemotherapy, 40 MILLION within three years was playing on local club Filath - ENTERTAINMENT Johnny was in remission. However, just a few 50 (Celebrity Net Worth) litikos’ youth squad. In 2011, he was called up to Married; 2 Children months ago, Angel announced that his son’s cancer PROFESSIONAL ATHLETE the senior squad of Filathilitikos which competed had tragically returned. Young Harris College; Married, 3 Christopher Nicholas Sarantakos was born on December 19, 1967 in the Town of North Hemp - children stead, New York, to Dimitra and John Sarantakos. GEORGE His father owned and ran a successful restaurant STEPHANOPOULOS Nicholas William Markakis, 36, or more com - and doughnut shop. 49 $44 MILLION monly known as Nick Markakis, with a net worth Angel became interested in magic around the (Celebrity Net Worth) of approximately $40 million is a newcomer to age of seven after his aunt Stella showed him a MEDIA TNH'S 50 Wealthiest Greeks in America List. card trick. After graduating from high school, Angel Columbia University (Political Science); The Glen Cove, New York native is the starting opted not to go to college. Instead, he chose to right fielder for the Atlanta Braves. Markakis and follow the path of being a professional magician. Married, 2 children family moved to Woodstock, Georgia from Glen He educated himself by going to public libraries Cove when Nick was still just a boy. It's at Wood - frequently where he studied magic, music, mysti - George Stephanopoulos was born to first-gen - stock that he developed his passion for baseball cism, and even martial arts. eration Greek-American parents, Nickolitsa and and was drafted out of high school in 2001 by the He practiced his trade in relative obscurity until Robert George, in Massachusetts and grew up in Cincinnati Reds and again in 2002 but Markakis he caught a big break in 1994 – appearing in a ma - Cleveland, OH. He attended Columbia University declined both advances and opted to attend Young jor prime time television special titled Secrets. and in 1983 won a Scholarship to Oxford Harris College. Eventually, his popularity grew so much he ventured University, where he received a master’s degree in Following his collegiate career, in 2003, to the A&E Network to launch a reality show. Criss theology. Stephanopoulos’ father is a Greek-Ortho - Markakis represented Greece in the European Na - Angel: Mindfreak debuted on the A&E Network in dox priest and dean emeritus of the Archdiocesan tional Championships where the Greek national 2005 and stayed on the air until 2011. The shows Cathedral of the Holy Trinity in New York City. His baseball team won the silver medal. He impressed were shot in Las Vegas and featured Angel per - enough in the games that the Baltimore Orioles PHOTO BY RICHARD SHOTWELL/INVISION/AP forming a number of mesmerizing illusions. The il - selected Markakis with the 7th overall pick in the in the Greek Basket League (Third Division) before lusions often gave off a sense of danger and this 2003 MLB Draft, originally more as a pitching the team was promoted to the Greek A2 League contributed to the popularity of the program. His prospect, but wisely subsequently focused more (Second Division) for the 2012-2013 season, In live performance illusion show titled Criss Angel on his hitting. 2013, Antetokounmpo declared himself eligible for Believe at Luxor Hotel & Casino in Las Vegas gen - Following the draft, Markakis represented that year’s NBA draft where he was selected in the erated $150 million dollars in tourist revenue for Greece again, this time at the Athens 2004 first round with the 15th overall pick by the Mil - the city in 2010. In 2018 he was ranked number Olympics. Nick Markakis was drafted as a first waukee Bucks. At the conclusion of his rookie sea - three on Forbes’ list of the world’s highest paid rounder in 2003 by the Baltimore Orioles and would son, Giannis was named to the NBA All-Rookie magicians. be promoted to the major leagues from the minor second team. After continuing to impress despite Angel and his brothers J.D. and Costa founded leagues in 2006. His Orioles tenure ended in 2014 his young age, on September 19, 2016 Giannis the BELIEVE Charitable Foundation in 2007 in the and following the 2014 season, Markakis returned Antetokounmpo signed a four-year $100 million loving memory of their father John who passed to Georgia as an Atlanta Brave and he remains contract extension with Milwaukee. The contract away in 1998. The foundation works for the benefit there to this day. reflected the superstar that Giannis had become of children, especially those suffering from debili - Nick Markakis is an all-star (2018), Silver Slugger and the faith that the Bucks had that he would only tating illnesses and diseases. He also actively sup - Award Winner (2018), and a 3-time Gold Glove get better. In his seven NBA seasons to date, An - ports the Boys and Girls Clubs of America and the PHOTO BY Award Winner (2011, 2014, 2018). tetokounmpo has been selected four times as an Make-A-Wish Foundation. mother was the director of the Greek Orthodox NBA All-Star (2017-2020), All-NBA First Team Angel won the International Magician Society's Archdiocese of America National News Service for (2019), NBA All-Defensive First Team (2019), two Magician of the Decade title in 2009 and Magician many years. Stephanopoulos reportedly long con - times to the All-NBA Second Team (2017,2018), of the Century title in 2010. He is the only magician sidered entering priesthood but ended up in politics selected to the NBA All-Defensive Team (2017), and media. NBA Most Improved Player (2017), NBA All-Rookie After beginning his career in Washington, D.C. Second Team (2014). he worked on the unsuccessful presidential cam - In addition to his exploits at the club level with paign of Michael Dukakis in 1988 and then served the Milwaukee Bucks in the NBA, Giannis is a proud as an aide to an Ohio Congressman. Stephanopou - member of the Greek Men’s National Basketball los later helped with Bill Clinton’s 1991 presidential Team and has represented his country 38 times to campaign, becoming the Senior Advisor to the date. Giannis is one of four brothers born to Charles President for Policy and Strategy post-election. In and Veronica Antetokounmpo. His father Charles 1999, he published his memoir which became a passed away following a heart attack at the age of New York Times best-selling book, All Too Human: 54 in Milwaukee, Wisconsin. A Political Education, an account of the 1992 and Giannis is an active member in the Milwaukee 1996 Clinton campaigns and of Clinton’s first term metro-area philanthropic community and has never in office. forgotten his Greek roots. He gives back to Greece Stephanopoulos joined ABC News in 1997 as whenever possible and is the poster-child of Greek an analyst for This Week. Today, he serves as tourism, Aegean Airlines, and recycling initiatives ABC’s News’ Chief anchor as well as an anchor of in Greece. It was announced that he will be funding Good Morning America and This Week with George an indoor basketball court near Mati, east of Athens Stephanopoulos. where 100 people lost their lives a year ago so that For more than a decade, his range and expertise the community can continue to heal following the have played a pivotal role at the network – garnering losses sustained. Giannis is currently unmarried, him three Emmys, a DuPont, three Murrows, and though he is in a relationship of two years with for - two Cronkite Awards. CURTIS COMPTON/ATLANTA JOURNAL-CONSTITUTION VIA AP Orioles Begin Hopeful Markakis on Astros Scandal: Spring Training in Year 'Every Guy over there Needs a Beating’ 2 of Rebuild By Rich Dubroff clude right-hander Asher Woj - By TNH Staff tion against the Astros” led Baker in most instances in life, you get potential for retaliation,” USA To - ciechowski, who was 4-8 with a to ask MLB to “protect his team’s kind of reprimanded when you day reported. SARASOTA, Fla . (AP) – A year 4.92 ERA in 17 games in the NORTH PORT, FL – Greek-Ame - players,” USA Today reported. have premeditated anything. I'm Manfred said, “I hope I made ago, Mike Elias and Brandon second half; veteran left-hander rican Atlanta Braves outfielder Baker said, USA Today repor - just hoping that the league puts it extremely clear that retaliation Hyde were in their first spring Wade LeBlanc, who was signed Nick Markakis on February 18 ted, "I'm depending on the lea - a stop to this before somebody will not be tolerated. It is dange - training together as Baltimore to a minor league contract earlier commented on the Houston gue to try to put a stop to this gets hurt." rous and it is not helpful to the Orioles general manager and this month; and right-hander Astros' cheating scandal, noting seemingly premeditated retalia - Commissioner Manfred also current situation,” USA Today re - manager. After a season of 108 Kohl Stewart, who was the over - that "to see something like that, tion that I'm hearing about, and “voiced his concerns about the ported. losses, they're back for Year 2. all No. 4 draft pick by the Min - it's damaging to baseball. It's an - The Orioles have 67 players nesota Twins in 2013. Stewart ger. I feel like every single guy on their spring roster, and Elias was signed as a free agent in over there needs a beating. It's said that he likes the group that December. David Hess, who was wrong. They're messing with pe - the Orioles have. 1-10 with a 7.09 ERA and Rule ople’s careers," USA Today re - "Going over the 40-man ros - 5 draftees Brandon Bailey and ported. ter and looking at the players that Michael Rucker are also possi - Markakis at age 36 is starting are here, we've got hopes for all bilities. his 15th year in Major League Ba - of them, and they're all talented, Elias said the team could sign seball and as USA Today reported, and they have things to like another free agent starter. “ranks fourth among active about them, so we definitely feel "We're working on it," Elias players with 2,355 career hits.” like it's coming together," Elias said. "I can't really handicap it Asked about Markakis' com - said. "It's a part of a longer right now. There are players out ments, Astros manager Dusty process, but it's moving in the there. There are free agents out Baker said, "That's cool. I ain't right direction." there that are good pitchers that commenting on everybody's Baltimore's biggest issue is would either be upgrades for us. comments. Go ahead. You want trying to construct a starting ro - Guys that can come in and com - to beat on us, go ahead," ESPN tation. Last season, 18 pitchers pete for depth purposes, so reported. started for the Orioles, and they we're working on it. We'll just Markakis also said that "the - had a horrifying 5.57 ERA. see." re's right ways to do it and wrong In December, Baltimore Hyde said at the winter meet - ways to do it…I 100% disagree traded right-hander Dylan Bundy ings he wanted at least eight with way they did it. There's a lot to the Los Angeles Angels for candidates for the rotation. of people that were hurt by it, four minor league pitchers. "The amount of really good and it was wrong," ESPN repor - Bundy was one of the Orioles' arms we have in camp is impres - ted. most accomplished starters. sive," Hyde said. "We want those There is also the feeling that In the rotation so far, Balti - guys to take some valuable ex - “the Astros players got off ‘scot- more has left-hander John periences they had last year and free,’” ESPN reported, adding Means, who finished second in build off them and roll it into this that Markakis “also pointed a fin - the Rookie of year." ger at MLB commissioner Rob the Year voting, and Alex Cobb, Reliever Miguel Castro, who Manfred.” who started just three times a was the victim of an armed rob - "The way he handled the si - year ago before undergoing sea - bery in the Dominican Republic tuation, he should be embarras - son-ending hip surgery. Cobb is last month, reported on Tuesday. sed of himself," Markakis said, in the third year of a four-year, Hyde said, "we feel real fortunate ESPN reported. AP PHOTO/FRANK FRANKLIN II Atlanta Braves' Nick Markakis hits a home run during the tenth inning of a baseball game against $57 million contract. that things worked out real well In recent days, the idea that Other candidates to start in - for him." some players may “seek retribu - the Aug. 5, 2018, in New York. SPECIAL EDITION FEBRUARY 2020 29 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America

Have mutual respect The key to success: Lemonis is famous for his within the organization. “I don’t know anyone who has 3P principle, People-Process-Product, Make certain that everybody feels a really nice, buttoned-down job who can a method by which he analyzes comfortable and that the person just work seven or eight hours [per day]. the quality of a business' people, on the factory floor is no different I was working probably six days a week, their product and the best possible from the person occupying an office 10 to 15 hours a day. And that’s process for creating, delivering in the executive wing. the only way it works. It’s not going and selling that product. to work any other way.”

Jim Davis George Marcus Marcus Lemonis

I tell kids if they want to The key to success is to be be successful once they graduate, prepared for rejection. don’t go into businesses that have As a lifelong salesman, he has faced no future. Go into a business where there Words more than his share. Remembering is a future, and look for opportunity. his three-year stint selling Collier’s Everybody in their lifetime has encyclopedias door-to-door, opportunities, but many times they don’t of Wisdom he said: “doors literally slam in your recognize those opportunities, face – maybe 30, 40 doors before the or they don’t have enough gumption and first customer will actually talk to you.” to move ahead and take the risk. But, he advised would-be entrepreneurs, I’m a risk-taker, and I’ve done no matter how many rejections you get, well because I take risks. the Keys go to the next door with the same enthusiasm as you had at the first, Jim John Pappajohn to Success with a smile on your face. John Paul Dejoria

What have you learned from the highs and lows I’m not a dictator. One should never forget of your entrepreneurial journey? I want to be a good leader, where they came from not a good boss, necessarily. and never fail to extend “You can’t run a business Sometimes a boss creates fear and a hand by opening the eyes by the seat of your pants, a leader brings confidence. A boss sometimes of our youth to the different life it has to be based on a view points fingers or blames, where a leader tries that exists beyond of the facts that guides your decision. to fix mistakes. A boss will come at you with what some of our youth see today Even in large corporations, all the answers, but a leader asks questions. in most of our underserved decisions aren’t always made Bosses can make drudgery, and leaders make communities. on wonderfully clear facts. things interesting. Bosses are interested As for wrong turns, I’ve learned in themselves, and leaders are interested that when something isn’t clear, in the group. I always try to err on the side Nicholas Karabots don’t get involved. You struggle of being more of a leader. for too long and as an entrepreneur, you don’t have the time.” Being in Sam Gores the service business 'you are as good as your people.' I believe with all my heart We always strive to hire and retain Dean Metropoulos that my pursuit of happiness the best in our field. has made me a better businessman. George Sakellaris Leonsis abides by the so-called double bottom line. Ted Leonsis It’s a belief that the most Education is at the center successful companies do more Success begins with integrity of goal setting for an education than turn a profit, but also accomplish and ends with accountability. can never be taken away from you social good. There are no shortcuts. and failure is not an option.

Ted Leonsis John Payiavlas Constantine Iordanou Braves’ Deal with Ozuna Crowds Markakis’ Outfield

By CHARLES ODUM AP Sports Writer home runs and 89 RBIs during the regular season. His low batting average was something on an od - ATLANTA (AP) - The Atlanta Braves found their dity because he ranked among the major league new cleanup hitter when then reached an agree - leaders in the highest percentage of hard-hit balls, ment with free agent out - according to Statcast. fielder Marcell Ozuna on Ozuna will be the pro - an $18 million, one-year bable choice to fill the fo - deal Tuesday. urth spot in the Braves li - The addition of Ozuna neup that was left vacant creates a logjam in the when third baseman Atlanta outfield. Ronald Josh Donaldson signed a Acu a Jr, Ender In - $92 million, four-year ciarte, and Nick Markakis deal with Minnesota. were expected to be the "The projection is he starters. Markakis could will bat cleanup for us, have been targeted to but our focus was just on share the left field job getting good players," with Adam Duvall. Anthopoulos said. Anthopoulos said Anthopoulos said he

Acu a and Ozuna are CURTIS OMPTON/ATLANTA JOURNAL-CONSTITUTION VIA AP believes Ozuna can re - "projected as everybody turn to the form he sho - players." He said the full field with Inciarte, Marka - wed while with Miami in 2017, when he hit .312 kis, and Duvall "will be worked out over the course with 37 homers and 124 RBIs – all career highs. of the spring." "We liked our outfield but we really feel strongly INVESTING IN REAL ESTATE Atlanta also has re-signed four players: Marka - about Ozuna's bat and we think there's a lot more kis, catcher Tyler Flowers and relievers Darren upside than what he showed last year," Anthopou - O'Day and Chris Martin. los said. "We just thought it would be a really good HAS ALWAYS BEEN PROVEN TO BE Ozuna joins the team he helped beat in the fit for us and the deal made sense for both sides." playoffs last October, increasing the odds Markakis Ozuna is a two-time All-Star who spent his first A WISE DECISION will see a World Series. five seasons with the Marlins, then was traded and Ozuna hit .429 with two home runs for the St. played two years in St. Louis. Louis Cardinals in their five-game win over the Bra - The Braves have been busy this offseason, also SIX ALPHA CORP. ves in the NL Division Series and .241 with 29 acquiring several pitchers. 30 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙ The 10 Wealthiest Greeks in Greece

SPIROS JOHN stry’s measurement for how much ships carry, according to data 1J. LATSIS 2ANGELICOUSSIS compiled by maritime newspaper Shipping Finance). His family’s $2.7 BILLION (Forbes) FLEET VALUATION: stake in the fleet is valued at $2.4 billion, according to data compiled INVESTMENTS SHIPPING $7.6 BILLION (VesselsValue) by Bloomberg. He remains Greece’s largest shipowner both in terms of value and tonnage of the fleet owned in 2019. London School of Economics; Married, 2 children SHIPPING VesselsValue said that Greece remained the World’s largest Married, 1 child shipowning nation by value with the fleet worth $99.82B, Spiros J. Latsis, 73, is a followed by China with a fleet valued at $91.7B and Greek billionaire and busi - Although John Anthony Angelicoussis does Japan at $89.27B. ness magnate and the not appear individually on an international Harry Fafalios, the chairman of the Greek #838 wealthiest person in wealth ranking, as Greece’s largest ship Shipping Cooperation Committee said of the world, according to For - owner, TNH thought Angelicoussis is de - He remains Angelicoussis: “he’s one of the great men bes. He is one of three si - finitely worth mentioning. of our industry.” blings (Marianna and Mar - Born in 1948, Angelicoussis is the Greece’s largest Angelicoussis is married to Eliza - garita) and is the son of owner of the Angelicoussis Shipping beth Angelicoussis. Their only daugh - Erietta Tsoukala and John Group. shipowner both in terms ter, Dr. Maria Angelicoussis, has trai - Latsis, who started building His father bought the family’s first ned as a doctor and has worked for the family fortune in the ship in 1953 and in 1968 he and his of value and tonnage the Angelicoussis Group since 2009. 1930s as a trader and later, partner, Dimitris Efthymiou, establi - She is involved in all major investment as a ship owner. shed the Agelef Shipping Company. of the fleet owned decision making and in the daily ope - Born on New Year’s Day John Angelicoussis joined his father’s rations of the company. In December in 1946, Latsis spent much company in 1973. in 2019 of 2015, she was awarded the Lloyd’s of his childhood in Athens In 1987, Anangel-American Shiphol - List Next Generation Greek Shipping before attending the Lon - dings was floated on the Luxembourg stock Award for “successfully taking on the chal - don School of Economics market. Two years later the company listed in lenge of managing one of the world’s largest where he earned his bach - Nasdaq, where it remained until it was delisted in and most respected family-controlled shipping gro - elor’s degree in Economics, 2001. ups.” She graduated from Cambridge University and his master’s degree in Lo - As of 2018, Angelicoussis’ companies own 126 active vessels worked as a hospital doctor in the UK before joining the Angelico - gic and Scientific Method, with a capacity of more than 18 million deadweight tons (the indu - ussis Shipping Group in 2008. and his doctorate in Philosophy. He has been managing the family fortune since his father, Greek shipping tycoon John S. Latsis, passed away in 2003. The Latsis family still has a foot in the shipping business through Latsco Shipping (which owns a fleet of more than a dozen oil tankers and liquefied petroleum gas carriers), though they are now also in - vested in banking, real estate, and oil. The Latsis family owns stakes in oil company Hellenic Petroleum and Lambda Development (whose projects include The Mall Athens and Golden Hall Mall), a publicly traded real estate developer in sou - theastern Europe. They also have a stake in EFG International, a Zu - rich-based private banking group of which Latsis is a board director. EFG is reportedly the family’s largest holding. Latsis also started Pri - vateAir, a jet charter service with over 50 planes in its repertoire ser - ving affluent European and American travelers, which he has since sold. He also owns a 300-passenger private cruise ship that is char - tered through his yacht services company called PrivatSea. In 2019 it was announced that Lambda Development, the com - pany that is leading the international consortium planning the $8.85 billion development of the abandoned Hellenikon International Airport, would buy out its two partners. The consortium’s plans are to turn the former airport into a complex of luxury residences, hotels, yachting marina, and casino after the original plans to create the largest urban park in Europe were set aside during an economic crisis. Latsis is a board trustee of Princeton’s Institute for Advanced Study and has been a visiting professor at Harvard University Graduate School of Education and Boston University.

VARDIS 4 VARDINOYANNIS $1.7 BILLION (Forbes) OIL/SHIPPING Greek Naval Academy; Married, 5 children

Vardis Vardinoyannis was born in 1933 on the island of – the son of poor farmers. The family had 8 children – six boys and two girls – who all helped out on the fields and farm. Following his graduation from the Greek Naval Academy, he served for a number of years in the Greek Naval Forces before being discharged with the rank of Vice-Admiral. Vardis J. Vardinoyannis co-founded Motor Oil Hellas, a petroleum company based in Greece, with his late brother in 1970. The com - pany refines crude oil as well as produces and offers petroleum products and lubricants through its network of gas stations. IT also sells fuel for airplanes. Vardinoyannis currently serves as ch - murder Vardinoyannis. He was saved thanks to his bullet-proof airman and managing director of the company which went public Mercedes which was armored according to the specifications of on the Athens stock exchange in August 2001. Saudi Arabia’s England and France. Aramco was a major investor before divesting in 2005. Vardinoyannis and his wife, Marianna, are reportedly good Vardis’ oldest son, John, is vice chairman of Motor Oil, while friends with the Kennedys and are among the founding members his nephew, Nikos, also a major shareholder, is on the board. of the Robert F. Kennedy Human Rights Leadership Council along Apart from Motor Oil, the family also invests in shipping, finance, with Bill Clinton and other world leaders. According to the New media, soccer teams, and an array of other entrepreneurial ende - York Post, the wedding of Rory Kennedy, daughter of Robert and ARISTOTELIS avors in Greece and abroad. They also manage a ferry company Ethel Kennedy, with Mark Bailey was celebrated in the Vardinoyan - 3MISTAKIDIS that serves Crete among other islands in Greece. On November nis villa in the summer of 1999. Vardinoyannis was included in $2.1 BILLION (Forbes) 20, 1990, the Greek terrorist group, 17 November, attempted to Lloyd’s List of Most Influential People in Shipping. COMMODITIES London School of Economics

Aristotelis Mistakidis, 57, was described by The Financial Times as one of the most powerful figures in the global copper market. He is known to everyone simply as ‘Telis’ or the “King of Copper.” Blo - omberg news said that Mistakidis ruled the copper market; he bought and sold “enough of the red metal to supply every factory in the U.S. twice over.” A native of Thessaloniki, Mistakidis spent his early childhood in Rome, where his marine biologist father worked for the United Na - tions. He eventually moved to England to attend a boarding school in Essex before studying at the London School of Economics. Mistakidis got his start in commodities at Cargill where he traded non-ferrous metals and joined March Rich & Co. in 1993. Later, the firm was bought by management and renamed Glencore where he moved up to manage both copper trading and mining. He first became a billionaire in 2011 when Glencore went public, and currently owns more than 3% of the company’s stock (one of Glencore’s largest stakeholders). PETER shipowners by tonnage. He is also the chairman and the biggest Mistakidis stepped down from his role as the director of Glencore’s 5LIVANOS shareholder of the publicly listed liquefied natural gas (LNG) ship - copper business at the end of 2018 – after more than two decades $1.7 BILLION ping company GasLog Ltd. and tanker owner Euronav NV. Livanos at the company. In 2018, Canadian regulators fined and banned him (BLOOMBERG) SHIPPING reportedly operates over 80 vessels (including 35 GasLog vessels) from serving as a director due to compliance violations. He was re - and serves as chairman of several Ceres subsidiaries, including placed by another Greek, Nico Paraskevas. A few days ago it was Columbia University; Married DryLog Ltd., a company engaged in dry bulk shipping investments. announced that the “billionaire boys’ club” behind Glencore (which He also owns a smaller ferry line of Russian-made hydrofoils that includes Mistakidis) would reap more than 400 million GBP in divi - Peter Livanos is the son of George P. Livanos who built up Gre - serve the Greek Islands. dends. According to the Daily Mail former executive Mistakidis who ece’s largest merchant fleet in the 1980s and 1990s. Hoping his Livanos is one of the original backers of the Global Maritime owns 3.36% of the overall shares will get 67.5 million GBP. son would follow his footsteps, George gave Peter the capital to Forum which is committed to realizing shipping’s potential to in - In a Bloomberg News profile of Mistakidis in October of 2018, his buy his first ships. Instead, Peter used the money to buy luxury crease sustainable economic development and “human well- current and former colleagues, clients, and competitors described car manufacturer Aston Martin which Peter later called one of his being.” According to Lloyds List, Livanos’ father is remembered him as energetic, cheerful and charming, but a sharp and ruthless early mistakes. as an innovator and an environmentalist before climate change negotiator. He speaks five languages and according to various reports, Peter eventually inherited the privately held Ceres Shipping was widely acknowledged. Mistakidis is still a workaholic with an endless appetite for information, after his father passed away in 1997. Livanos lives between Switzerland, Greece, and England with whose first passion is for markets and the political and economic sh - Today, Peter and three others (John Angelicoussis, George Pro - his family. He is a graduate of The Buckley School in New York, Le ifts that move them. kopiou, and George Economou) are considered Greece’s largest Rosey in Switzerland, and Columbia University in New York. SPECIAL EDITION FEBRUARY 2020 31 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America

THEODORE academically (she studied law at the Aristotle University of Thes - 8& GIANNA ANGELOPOULOS saloniki) and politically (she was appointed Ambassador at Large $819 MILLION (Forbes) by the Greek government). STEEL/SHIPPING Gianna has served at Harvard University, as vice-chairman of the Dean's Council of Harvard’s Kennedy School of Government Married, 3 children since 1994, and now also serves as a member of the Advisory Bo - Theodore Angelopoulos, is a Greek shipping and steel ard of the Center for Business and Government. In 2011, magnate. He lived in Switzerland for many years wh - she established the Angelopoulos Global Public Le - ere he received his BSc in Business Administra - aders Program at the HKS to bring distinguished tion from Zurich University. leaders to Harvard in order to interact with Theodore’s family developed the steel students, share lessons learned, and re - industry in Greece and began dealing in Angelopoulos flect upon the next phase of their public the dry cargo sector of the shipping in - service. dustry in the early 1950s. Angelopou - evolved to become In October 2019, she established GEORGE los evolved to become a shipping ma - the Gianna Angelopoulos Programme 6 ECONOMOU gnate, acquiring the Dutch a shipping magnate for Science Technology and Innovation $1.5 BILLION (GCaptain) shipbuilding company Oceanco and (GAPSTI) at Cambridge University, SHIPPING/ART transforming it as a leading shipbuil - acquiring the Dutch which nurtures exceptionally talented der of custom-built luxury mega-ya - early-career scientists, from postgra - Massachusetts Institute of Technology; 5 children chts. He also has invested heavily in shipbuilding company duate study and research to the suc - real estate and private equities, as well cessful commercialization of their ideas, George Economou, once known as the “Golden Greek” is a self- as other financial entities worldwide. Oceanco through a structured training and rese - made Greek shipping magnate. Born in Athens, his father owned a In 1996, Angelopoulos established Me - arch program enhanced by industrial col - small paper-products company. trostar Management in Athens, and entered laboration and entrepreneurial activities. Economou has over 40 years of experience in the maritime indu - the oil tanker market in the same year, with In 2019, Greece’s Prime Minister Kyriakos stry and has served as Chairman and Chief Executive Officer of Dry - his company going on to become one of the Mitsotakis, appointed her as President of the Gre - ships, Inc. since its incorporation in 2004. Economou took the com - world’s leading oil tanker operators. ece 2021 committee for the celebrations of the bicen - pany public in 2005 on NASDAQ. Dryships owns and operates a Gianna Angelopoulos-Daskalaki is a Greek businesswoman. tennial anniversary of the commencement of the Greek Revolution fleet of deep-water drilling units, dry bulk carriers and tankers. She is best known as being at the helm of organizing the 2004 in 1821. Gianna is the founder and sponsor of the Angelopoulos The company subsequently invested and developed Ocean Rig Olympics in Athens. She was named one of the 50 most powerful CGIU Fellowship Program, through which 100 young Greek entre - UDW Inc., an owner of rigs and ships involved in ultra-deep water women by Forbes. preneurs have benefited, and is also a leading philanthropist for drilling. Economou was the chairman of Ocean Rig until December Born to a middle-class family in Crete, she distinguished herself projects in Greece and around the globe. 2018 when it merged with Transocean. After what Lloyds called “a tumultuous 14 years,” Economou de - PHOTO BY EUROKINISSI cided to take the company private again. Already an 83% majority shareholder, Economou paid $5.25 per share to outside investors for the remainder of the company (about $75M total). This means that the 32 vessels of the former public company joined Economou’s private group fleet, bringing it to a total of 50 tankers, 57 bulk carriers, 1 containership and 6 offshore support vessels. In addition, TMS Cardiff Gas, helmed by Economou’s son Christos, manages an exi - sting fleet of 5 liquefied natural gas carriers with 11 LNG new buil - dings on the way. Economou is a graduate of the Massachusetts Institute of Tech - nology and holds both a Bachelor of Science and a Master of Science degree in Naval Architecture and Marine Engineering as well as a Master of Science in Shipping and Shipbuilding Management. Economou is a renowned art collector and in 2012, he opened a public exhibition space for his private collection in the suburbs of Athens. The collection has a focus on early 20th century European art but has expanded to include an important holding of postwar and contemporary pieces. His collecting activity began in the 1990s. Economou is a member of ABS Council, Intertanko Hellenic Ship - ping Forum, and Lloyds Register Hellenic Advisory Committees. He is also a non-executive trustee for the Tate Foundation, on the board of Trustees of the Dia Art Foundation, and a benefactor to the Metro - politan Museum of Art.

SOCRATES 7KOKKALIS $1.2 BILLION () CANELLOPOULOS & PAPALEXOPOULOS FAMILIES TELECOMMUNICATIONS/SPORTS 9 $800 MILLION (TNHE) MANUFACTURING Socrates Kokkalis is a Greek entrepreneur and businessman. His father, Petros Kokkalis, was a communist politician and Greek Resi - The Canellopoulos and Papalexopoulos families have owned stance member, living in exile in East Germany after the end of the the Titan Cement Company, an international cement and building Greek Civil War. materials producer, since 1902. Together, they have run the com - Kokkalis is the founder and majority shareholder of Intracom Hol - pany for almost 120 years and own 40% of the company. Titan dings, one of the largest multinational technology groups in Southern has production facilities in 10 countries and a presence in more Europe. He is also the chairman, majority shareholder and chief exe - than 15 countries. With an annual capacity of 27 million metric cutive officer of Intralot, a gaming technology supplier and licensed tons of cement and cementitious materials, it employs about 5,500 lottery operator. He is also chairman at Vodafone-Panafon Hellenic people worldwide. The company’s activities include the production, Telecommunications Co. SA. For many years Kokkalis was the presi - transportation, and distribution of cement, concrete, aggregates, dent and major shareholder of Olympiacos FC, Greece’s leading fo - fly ash, mortars and other building materials. otball club. His tenure saw club conquer 12 top division titles, Dimitrios Papalexopoulos is executive director of the Group five Greek Cups, and one Greek . Executive Committee of Titan. Born in Athens, Greece, Papalexo - In 1997 Kokkalis became a John Harvard Fellow after establishing poulos started his career as a business consultant for McKinsey & the Kokkalis Program at Harvard University’s Kennedy School of Go - Company Inc. in the United States and Germany. He then joined vernment. He also established and presides over the Kokkalis Foun - Titan in 1989. He is Vice Chairman of the Board of the Hellenic Fe - dation, a non-profit organization that promotes “education and trai - deration of Enterprises (SEV), and Vice-Chairman of the European ning, culture and social welfare, medical research and information Round Table for Industry (ERT), while he is a member of the Board PHOTO BY EUROKINISSI technology, and athletics,” both in Greece and abroad. of the Foundation for Economic and Industrial Research (IOBE) A fluent speaker of English, German and Russian, Kokkalis also and the Hellenic Foundation for European and Foreign Policy (ELIA - Group. Currently, he is a member of the Board of Directors of Ca - speaks Romanian, Italian, Bulgarian and conversational Serbian and MEP). He holds a MSc in Electrical Engineering from the Swiss nellopoulos Adamantiadis S.A. and he is a Founding Partner of 3K French. Federal Institute of Technology (ETHZ-1985) and an MBA from Investment Partners. He is also a member of the Board of Directors Sokratis S. Kokkalis Jr., the son of Kokkalis, died unexpectedly Harvard Business School (1987). of the Union of Listed Companies (ENEISET). He studied Economics during a business trip to Cleveland, OH from a drug overdose at the Also born in Athens, Greece, Takis Canellopoulos started his (BA) at Brown University and Business Administration (MBA) at young age of 34. He was found dead in his hotel room in July 2018 career as financial analyst in AIG and later in the Financing Division New York University/Stern School of Business. after having ingested cocaine laced with heroin and fentanyl. The of EFG Eurobank. He was Investor Relations Director of the Titan True to form, members of both families are linked to a host of Ohio drug dealer who sold the young Kokkalis the drugs was sen - Group from 2001 until May 2016. Before that (1995–2001) he other businesses in Greece through cross-holdings and director - tenced in February of 2020 to 15 years in federal prison. had worked in various positions in the Finance Department of the ships.

STASINOPOULOS sidiaries focus on technological advancement and R&D and spe - 10 FAMILY cialize in the manufacture of cables and pipes product solutions. $600 MILLION (TNHE) The company employs more than 8,000 people worldwide MANUFACTURING and has seen its revenues rise in recent years. A few years ago, Viohalco decided to shift its headquarters and stock market list Viohalco (Viomichania Chalkou kai Alouminiou Company), one away from Athens to Brussels over concerns about the local eco - of the world’s biggest metals mining and trading businesses, is nomy. run by brothers Nikolaos and Evangelos Stasinopoulos. Originally Viohalco has heavily invested in Romania, Bulgaria, and the founded in 1937 as Hellenic Copper Industry, Viohalco engages UK and achieved a major deal in steel manufacturing with a US- in the metal processing of aluminum, copper, and steel. Its sub - based company.

PHOTO BY EUROKINISSI 32 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙ Buffett Says Economy is Slowing Amid Virus Fears

By Josh Funk the coronavirus topped 79,000. Buffett touched on politics during the interview. OMAHA, NE (AP) – Billionaire Warren Buffett says The long-time Democrat said he would support Mike the viral outbreak in China has slowed economic Bloomberg over the current front runner in the Dem - growth, but he remains confident in the long-term ocratic race, Bernie Sanders, but he didn't discuss future of American business. all the top candidates. Buffett appeared on CNBC Monday after releas - "I would have no trouble voting for Mike ing his annual letter to Berkshire Hathaway share - Bloomberg," Buffett said. holders over the weekend. Buffett said the reports In terms of his own company, Buffett said he re - he gets from Berkshire's assortment of more than mains confident in the future of Berkshire Hathaway 90 businesses and stock investments show that after he is gone. Investors speculate about Buffett's business is a little softer now than it was six months successor because he is 89 although he has no ago, but he remains optimistic. plans to retire. Buffett said Berkshire's board talks "Twenty or 30 years from now, American busi - about succession at every meeting and knows which ness – and probably all over the world – will be far company manager it would pick as Berkshire's next better than it is today," Buffett said. CEO. Many of Berkshire's roughly 1,000 Dairy Queen "We're well prepared on succession," Buffett stores in China are closed and many of Berkshire's said. other companies are suffering supply chain prob - Buffett defended the company's conglomerate lems. structure because it allows him to move money The company remains a net buyer of stocks over around between Berkshire's different companies time, and Buffett doesn't expect that to change be - without tax consequences. He said it doesn't make cause of the coronavirus outbreak. sense to consider splitting Berkshire up. "This is scary stuff. I don't think it should affect "You cannot dispose of the entire business – busi - what you do in stocks," Buffett said. "In terms of the ness by business – without having very substantial AP PHOTO/NATI HARNIK, FILE human race, it's scary stuff when you have a pan - tax liability. It would not produce a gain," Buffett said. would likely bring complications with Berkshire's quisitions. demic." "On the other hand, having them together produces other investments. "We want to be prepared for anything," he said. The new virus took aim at a broadening swath of some very valuable synergies." Berkshire continues to hold roughly $128 billion Berkshire Hathaway Inc. owns more than 90 the globe Monday. Europe and the Middle East scram - Berkshire owns roughly 10% of the four largest in cash and short-term investments because Buffett companies, including BNSF railroad, Geico insur - bled to limit the spread of an outbreak that showed airlines, but Buffett said it's very unlikely that Berk - said it is difficult to find acquisitions at reasonable ance, and utilities. The company also has major in - signs of stabilizing at its Chinese epicenter. shire would ever buy any airline outright because prices. He said businesses are selling at a premium vestments in such companies as Apple, American Worldwide, the number of people sickened by airlines are a regulated business, so owning one partly because it is so easy to borrow money for ac - Express, Coca-Cola, and Bank of America.

Study Finds Ethics Can Be Taught – In Finance, At Least

By Andrew Gordon Sutherland

THE CONVERSATION – Testing investment advisers on their knowl - edge of ethics can lead to better behavior, new research shows. Investor According to the Financial Industry Regulatory Authority, 630,000 financial representatives and investment advisers provide financial protection services to half of all American households. Together, these individuals execute nearly US$40 trillion worth of transactions each year. About 8% of these employees – or one in 12 – have some form of has been financial misconduct on their records, according to data from Bro - kerCheck, an online database on the background and experience of a priority for brokers, advisers and firms. Financial misconduct ranges from simple oversights, such as the failure to inform customers of the risk of their federal and state investments, to more serious incidents, such as forging customer signatures or outright theft and fraud. I collected the data in 2018 as part of my research on financial in - regulators stitutions with co-authors at Notre Dame and the London School of Economics. since the RULES AND ETHICS TRAINING Great IN FINANCIAL MARKETS Investor protection has been a priority for federal and state regu - Depression lators since the Great Depression. For example, financial representa - tives seeking to sell investment advice at broker-dealer firms – that is, businesses that buy and sell securities on behalf of customers – must first become registered investment advisers, which involves passing a set of exams. One such exam is the Series 66, which covers two broad topics: We studied nearly 1.2 million financial representatives and invest - lowing the 2016 revelation that it opened millions of fake accounts to First, investment vehicle characteristics and capital market theory, or ment advisers working at U.S. broker-dealers between 2007 and generate fees and meet sales targets. "technical material"; and, second, securities laws and prohibitions on 2017, with a focus on the consequences of a 2010 change to the Se - As the bank's rule-breaking began to make headlines, many in - unethical business practices, or "rules and ethics." ries 66 exam. This is the first large-scale analysis of how rules and vestment advisers left the firm in protest. When we looked at Wells On average, those passing the investment adviser exam have five ethics training affects behavior in the financial sector. Fargo investment advisers, we found that those who'd passed the years of industry experience working as financial representatives. Prior to 2010, 80% of the exam's questions covered rules and old exam with more ethics coverage were the most likely to leave The rules section of the Series 66 exam covers record-keeping re - ethics and 20% covered technical material. In response to calls for after the scandal broke. quirements, allowable forms of adviser compensation and guidelines more training in technical areas, the exam was changed in 2010 to Employees often observe the early warning signs of corporate about when an investment adviser is permitted to take possession of give equal weight to technical material and rules and ethics. wrongdoing, including aggressive sales practices, failure to discipline investor funds. Our results, which will soon be published in the Journal of Financial transgressions, and hiring individuals with a history of misconduct. The ethics section focuses on an adviser's fiduciary duty to in - Economics, show that investment advisers who passed the old exam When we examined major scandals at all broker-dealer firms, another vestors – that is, their obligation to act in the investor's interest rather with more ethics coverage were one-fourth less likely to engage in interesting pattern emerged: Departures of advisers with more rules than their own. misconduct in any given year after passing. and ethics one year indicate a greater likelihood of a scandal breaking We designed our tests to control for other factors that could relate at the firm next year. CAN ETHICS BE TAUGHT? to financial misconduct, such as investment adviser experience and While such licensing requirements have existed for decades, there firm reputation. ETHICS MATTER is a longstanding debate about the effectiveness of ethics training. There may very well be benefits to having increased testing on Advocates for ethics testing argue that financial crises and corpo - EXAM HAS A ‘PRIMING EFFECT’ technical material. Investment advisers may, for example, give their rate scandals, from the 2001 Enron scandal to the Great Recession The effects of the exam change vary based on industry experience clients better recommendations – an outcome our study did not as - of 2007 to 2010, can often be traced back to poor conduct training and firm culture. sess. and a lack of social norms. We found that the least experienced investment advisers are most What we can say, however, is that those who were tested more Critics, such as the management guru Peter Drucker, question impacted by the exam's reduction in rules and ethics-related content. rigorously on questions of ethics ended up having fewer episodes of whether ethics can or even should be taught. In their view, business The reduction in ethics content had little to no effect on those already misconduct. They are also less likely to tolerate scandals at their ethics courses were created "largely for the sake of appearances." engaging in misconduct in their prior role as financial representatives. firms. After all, this line of thinking goes, personal beliefs guide behavior These results suggest the exam plays what's called a "priming" This article was written by Andrew Gordon Sutherland, Massa - – and such beliefs can be difficult to shape in the classroom. role, meaning early exposure to rules and ethics material prepares chusetts Institute of Technology and supplied by The Conversation the individual to behave appropriately later. for The Associated Press. TEACHING GOOD BEHVIOR We also studied what happens when broker-dealer firms experi - The Conversation is an independent and nonprofit source of news, So, can ethics be taught? According to our new research the evi - ence ethical turmoil, such as major sanctions or a wave of misconduct. analysis and commentary from academic experts. The Conversation dence points to "yes." Take Wells Fargo, for example, which faced fines and lawsuits fol - is wholly responsible for the content.

Greece Looks to France for Post-Bailout Investment Drive By Srdjan Nedeljkovic peoples," Le Maire said. Greece wants to redirect returned bond profits ATHENS, Greece (AP) — French Finance Minister from European central banks to public investment Bruno Le Maire said his government is backing programs and wants to make 280 million euros Greece's request to make emergency spending on ($305 million) in emergency spending on the mi - the migrant crisis exempt from official fiscal calcu - grant crisis exempt from calculations for budget lations. targets set by bailout lenders. Le Maire said he He also pledged Tuesday to help boost invest - backed both requests. ment by French firms in energy and defense ven - His visit came a day after France's minister of tures in Greece. defense, Florence Parly, visited Athens and said "Greece is clearly on the right (path) and that's the two countries were on track to finalizing a major good news for everybody," Le Maire said after talks defense cooperation agreement in June – involving in Athens with his Greek counterpart, Christos an increased number of joint exercises in the Staikouras. and assistance in upgrading French- Greece emerged from eight years of interna - made military equipment, including fighters, heli - tional bailouts in 2018 and is scrambling to rebuild copters, and navy frigates. public services, its military, and major infrastructure Greece, wary of neighbor Turkey over oil-and- projects after years of funding cuts. gas drilling rights in the region, recently concluded Le Maire, whose country is credited with helping a similar agreement with the United States. keep Greece in the 19-country eurozone during In unusually blunt remarks, Parly accused Turkey the crisis years, said France and keen to invest. of "calling the stability and security of the region "There is cooperation and friendship – a friend - into question." ship between the heads of state, at the level of AP PHOTO/PETROS GIANNAKOURIS ministers, and there is a friendship between our Derek Gatopoulos contributed in Athens. SPECIAL EDITION FEBRUARY 2020 33 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America The National Herald

A weekly publication of the NATIONAL HERALD, INC. (ΕΘΝΙΚΟΣ ΚΗΡΥΞ), reporting the news and addressing the issues of paramount interest to the Greek-American community of the U SA .

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37-10 30th Street, LIC, NY 11101-2614 AP PHOTO/NAM Y. HUH Tel: (718)784-5255 • Fax: (718)472-0510, Former president Barack Obama, second from right, talks as NBA players Chris Paul, Kevin Love, and Giannis Antetokounmpo and e-mail: [email protected] sports analyst Michael Wilbon, from left, listen in Chicago. Democritou 1 and Academias Sts, Athens, 10671, Greece, Tel: 011.30.210.3614.598 • Fax: 011.30.210.3643.776 Giannis Antetokounmpo on Obama Panel e-mail: [email protected] Celebrates Off-Court Work of NBA Stars * NOTE: Please note that the numbers listed are sometimes, but not always, drawn By Tim Reynolds Florida teen Trayvon Martin. The death of Martin, a 17-year-old Afri - from the individuals themselves. They are estimated figures, mostly drawn can-American, sparked protests over racial profiling. from public sources. That said, here is how we arrived at our numbers: CHICAGO (AP) – Giannis Antetokounmpo is passionate about This time, it was for other issues, all important as well. Love told the three categories are Primary (the person or his/her representative of - helping children in Greece and Africa. Kevin Love is trying to shine the story of why he decided to take his long struggle with mental ficially and publicly gave us the figure), Source (a particular source such as the brightest light he can on mental health by sharing his own strug - health and battle against depression public. Paul talked about why it Forbes) is named, or TNH Estimate (TNHE). The TNHE is based on unofficial gles. Chris Paul is aiming to ensure that technology comes to schools was important for him to make sure schools in poorer neighborhoods and/or unconfirmed sources, or previous TNH figures adjusted for the av - where it hasn't been affordable. aren't left behind. Antetokounmpo told the story of how neighbors – erage gain/loss of the total Primary or Source individuals from last year to Former President Barack Obama is aware of all those endeavors. in a predominantly white neighborhood – helped make sure that his this year. We use the same ranking method as Forbes: rather than listing And he's trying to make sure plenty of other people find out as well. parents, who moved to Greece from Nigeria in search of a better them 1 through 50, we rank them according to their estimated wealth. That's why Obama invited that trio of NBA stars to sit alongside life, thrived. That is why, for example, you will find that the two people on our list him for a panel discussion hosted by his foundation on Saturday, "All I know is, people gave to me," Antetokounmpo said. "I've got each worth $1.5 billion, are ranked 13th. saying he invited that trio of basketball stars to laud what he called to give back." their "extraordinary leadership" when it comes to their off-court work. "It's so much bigger than basketball," Love said. Obama clearly agrees. The foundation that was created in 2014 has championed causes like the ones that are near and dear to An - tetokounmpo, Paul, and Love, which is why the 44th President deci - ded to invite them to sit for what was called a "fireside chat." Support the Construction of Most of the conversation had nothing to do with basketball, which St. Christopher is exactly the way it was planned. "Part of the reason I wanted to convene these three, in addition Hellenic Orthodox Church to being amazing athletes, they're good people and each of them are at different stages in their careers," Obama said. "You've got old in Peachtree City, Georgia Chris Paul down at the end, the young guy (Antetokounmpo) here To donate money please visit our website and Kevin somewhere in the middle. But each of them has shown character on the court but also off the court. And the work I'm doing www.saintchristopherhoc.org after the presidency is entirely focused on how do we lift up and identify and amplify and support the amazing next generation of lea - Or send checks payable to ders that are coming up." St. Christopher HOC (write Building Fund as the memo) Obama is a longtime and passionate basketball fan – this event, in his hometown of Chicago, was his second official event during Any questions please call NBA All-Star weekend in the Windy City after one with children and b first- and second-year players Friday – and he has aligned with NBA Costas Soulakos at 770-757-3859 players many times before to highlight certain messages. St. Christopher Hellenic Orthodox Church

In February 2019, Obama sat with star a Stephen Curry to mark the fifth anniversary of My Brother's Keeper 313 Dividend Drive, Suite 210, Peachtree City, GA 30269 – an initiative he launched after the 2012 shooting death of unarmed Tel: 770-347-7729 • www.saintchristopherhoc.org 34 SPECIAL EDITION FEBRUARY 2020 50 Wealthiest Greeks in America THE NATIONAL HERALD ❙ A College President's Advice to College Students of the Future

By Walter V. Wendler ged a total of 14,000 miles throughout these two re - with students and families that had a concrete plan For example, if someone wanted to teach in a gions over a total of 10 months. I visited 132 high for college and others that were less certain – I heard small Texas community with a $40,000 starting sa - THE CONVERSATION – Back in 2017, I started re - schools with student populations of all sizes. concerns about the cost of higher education. lary, they should not borrow more than $24,000 to gularly leaving my office at West Texas A&M University For instance, in the South Plains tour this past fall, And my message and response was always the attain a bachelor's degree. Similar – although more in Canyon, Texas, to speak to high school students in I visited 66 schools that ranged in size from Lubbock same: "Do not borrow money to attend West Texas lenient – advice can be found in Forbes, which urged the Texas Panhandle. This past fall, I did the same High School, where I spoke to 975 juniors and seniors, A&M University (or any university) for the first two borrowers to never borrow more than their expected thing in the South Plains. These two areas are the to Dawson High School, where I spoke with all 12 years. If you must borrow, attend community college, first year salary. (For information about the expected northernmost 46 counties in the state of Texas. high school students in ninth through 12th grades. but don't borrow a penny for community college ei - salary for a particular job, check the U.S. Bureau of Driving a silver SUV owned by the university, I log - No matter where I went – and no matter if I spoke ther. Pay as you go." And I should have added: Live Labor Statistics.) with your parents rent-free as long as possible. In urging students not to take on too much student debt, I also highlighted other paths – aside from col - PLANNING FOR THE FUTURE lege – to noble citizenship: military service, certifica - You might think I was simply on a recruiting tour tion programs, or family businesses. for the university where I serve as president. Yes, of course, I hoped that my visits helped make the uni - A DUTY TO INFORM versity more appealing. My primary purpose, howe - I recognize the responsibility of university leader - ver, was not recruiting students, but helping them ship to point out the challenges for students and fa - determine a long-range plan to enable them to be - milies when borrowing for education. It is difficult for come what I call "noble citizens" ready to work, en - middle-income families to pay the increasing costs gage, think, and vote. of a college education. Informed borrowing is the key Of course, you can still be a noble citizen and issue for students. The need is highlighted for students have a lot of debt. It's just a lot more difficult. If you who are first in their family to attend college and may are saddled with debt, you're less able to contribute accept the advice that any college degree is worth to the community, at least financially, or purchase a whatever it costs. It is not true. And, it is an unfair home. As I spoke with students, I shared a few sta - burden for university leadership to place on students. tistics to help illustrate the point. But if students borrow for college, in my view, Seventy percent of college students graduated they should be aware that they are possibly being with debt in 2019 – on average, $30,000. sucked into what I like to call a troubling triangle of SHOP FOR HAND-PICKED Some of those graduates will still be paying off treachery. their student loans decades later, when they get So - One side of the triangle is represented by elected ARTISINAL GREEK SPECIALTY FOODS cial Security checks – either voluntarily or by having officials who encourage everyone to go to college. those checks garnished. Of Americans over 60, 2.8 The second side is represented by lenders, who AT million have student loans. While 73% of those are – in my view – do little to assess an individual's ability cosigners paying for children or grandchildren, the to repay a student loan. If a student borrows to enroll CELEBRITY CHEF DIANE KOCHILAS' rest are students paying off their own education lo - in a program, limits placed on amounts borrowed ans. are quite high when federal and private loans are NEW ONLINE STORE Additionally, a growing number of aging Ameri - combined. And they tend to treat all college degrees, cans have college debt that they will not pay back and by inference, employment opportunities as equal. shop.dianekochilas.com before dying. Yet, the employment marketplace reveals that is not Default rates for borrowers over 65 are nearly the case. 40%, according to the Consumer Financial Protection The third side is represented by university lea - Bureau. dership, which – in my view – has not done enough Pell Grants, which are federal grants to help low- to let students know the pitfalls of borrowing. income students to pay for college, once covered A student's indebtedness is eventually their own 79% of tuition and fees in 1975 but only covered responsibility. Debt responsibility will not disappear 29% by 2017 – a downhill slide caused by escalating for the student – or for parents who are helping them. costs and easy loans. It's their responsibility too. Just ask the 44 million Americans, many of whom MIXED RESULTS ON BORROWING did not graduate, who owe $1.5 trillion in student Some studies suggest borrowing yields an incre - loan debt. b ase in credits earned and academic performance. The tour was a learning experience. The value Despite those benefits, other research shows that proposition of American higher education is changing. Watch My Greek Table, Diane's award-winning PBS show, here: student loan debt can have a negative, long-term ef - I saw it in the eyes of 20,000 students across 14,000 a https://video.mpt.tv/show/my-greek-table/ fect on people financially and emotionally. miles. I told the students if they must borrow, to never This article was written by Walter V. Wendler, borrow more than 60% of their anticipated starting West Texas A&M University and is republished from salary of the first job. This is consistent with what I The Conversation under a Creative Commons license. call the ‘60% Rule’, which a state higher education The Conversation is an independent and nonprofit agency developed to make sure students don't bor - source of news, analysis and commentary from row more than their degree is worth. academic experts.

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a SPECIAL EDITION FEBRUARY 2020 35 ❙ THE NATIONAL HERALD 50 Wealthiest Greeks in America Marcus Lemonis to Deliver Keynote Speech at 11th Traffic & Conversion Summit

By TNH Staff for creating, delivering, and selling that product,” and he is often re - ferred to as the Business Turnaround King, Yahoo Finance reported. AUSTIN, TX – Greek-American business mogul and The Profit host TCS is the largest gathering of digital marketers in North America. Marcus Lemonis is scheduled to be the keynote speaker at the 11th In 2019, six thousand people attended the event and past speakers Annual Traffic & Conversion Summit (TCS) in San Diego, Yahoo Fi - include , Gary Vaynerchuk, Rachel Hollis, and Day - nance reported on February 19. mond John. The conference, March 31-April 2 at the San Diego Convention This year's speakers also include: Marie Forleo, web television Center, is expected to draw ten thousand marketers, according to host of Marie TV; Mark Roberge, Senior Lecturer, Harvard Business the host company, DigitalMarketer, Yahoo Finance reported. School; Tricia Gellman, CMO, Drift; Kristen Bryant, Strategic Part - Ryan Deiss, CEO of DigitalMarketer said, “We are honored to wel - nerships, Wistia, Jay Abraham, Founder & CEO, The Abraham Group; come Marcus Lemonis to the TCS stage. Lemonis is a master of and Daniel Harmon, Author of From Poop to Gold. leveraging personal and professional talent and I am confident that Ticket prices start at $1,995 and will go up to $2,595 in early his keynote will motivate and inspire,” Yahoo Finance reported. March. More information and registration for TCS is available online: Lemonis was born in Lebanon and adopted by Leo and Sophia https://trafficandconversionsummit.com/. Lemonis who resided in Miami, FL. His adoptive father was Greek Launched in 2009, the Traffic & Conversion Summit has grown and adoptive mother Lebanese. into the largest digital marketing event in North America. For the last Lemonis is perhaps best known for his CNBC reality series, The ten years, thousands of the world's smartest marketers have de - Profit, “where he helps struggling businesses recover and scale,” scended upon San Diego, CA to learn what's new, what's hot, and Yahoo Finance reported. Lemonis is also known for “his 3P principle, what's actually working right now in digital marketing. In 2019, TCS People-Process-Product, a method by which he analyzes the quality was acquired by Clarion Events. The goal of the acquisition is to ex - Marcus Lemonis. SAMDPARK, VIA WIKIMEDIA COMMONS) of a business' people, their product, and the best possible process pand the event domestically and internationally.

French Power Utility Engie Eyeing George Sakellaris’ Ameresco

By TNH Staff energy efficiency, infrastructure upgrades, asset sustainability, renewable energy, and energy infor - NEW YORK – George Sakellaris may “cash out” mation management solutions. “Green. Clean. Sus - as Chairman, President, and CEO of the company tainable” is the motto of the company that in - he founded, Ameresco Inc., following reports that creases energy efficiency for federal, state and French multinational power utility Engie local governments, healthcare and ed - SA has shown interest in taking ucational institutions, housing au - over the U.S.-based energy thorities, and commercial and service firm, both Reuters industrial customers. and Financial World re - Born in Laconia, When headlines on Feb - ported, adding that ruary 20 hinted at a possi - sources spoke to the Greece, Sakellaris, ble acquisition of the U.S. media outlets on condi - company by Engie, tion of anonymity since founded Ameresco Ameresco’s shares talks are “in an early jumped as much as stage.” in 2000 15% in New York and by Born in Laconia, the end of the day were Greece, Sakellaris, 72, in Framingham, trading up 5% at $23.94, founded Ameresco in valuing the company at 2000 in Framingham, MA, MA $1.1 billion. “Engie shares taking it public 10 years later, ended trading in Paris down and since then, it has become one 1% at 16.48 euros, giving it a mar - of the largest energy solutions com - ket value of 40.1 billion euros ($43.3 panies in North America. billion),” Reuters reported. Today, it has dozens of offices throughout North Engie’s “takeover bid would likely test…Sakel - America and Europe and over a thousand employ - laris’ resistance against the lucrative Engie buyout ees providing strong local operations. Ameresco offer, suggested industry analysts,” Financial World specializes in providing comprehensive services, reported. George Sakellaris, Chairman, President, and CEO of Ameresco. AMERESCO.COM

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