FEBRUARY 25, 2017

50 WealtGRhEEKSi INe AMsERtICA

An Annual Edition of our Community's Top Achievers

The National Herald T H D E L N A AT ER IONAL H www.thenationalherald.com

This insert was sponsored in part by Dr. Spiro & Amalia Spireas, Sigmapharm Laboratories 2 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017 Inside the Numbers: a Reader’s Guide to This Edition

By Constantinos E. Scaros gave us the figure), Source (a particular source, such as Forbes) is named, or TNH Estimate (TNHE). The TNHE is based on unofficial and/or unconfirmed sources, or previous TNH figures adjusted for the average gain/loss of the A mericans love rankings, and Greek- total Primary or Source individuals from last Americans are no different. Our annual 50 year to this one. Wealthiest Greek-Americans edition is, year Accordingly, in the spirit of good journalism, after year, our most popular special issue of all. our duty to you, our readers, is to explain how And the most popular part about it, the we arrived at these figures and rankings, and rankings, is actually the least important. leave it to you to determine what you think of Although The National Herald reached out to them. every person on this year’s list through the best It is also important to pay careful attention to available means possible, only a few responded, the title, “50 Wealthiest Greek-Americans.” It let alone took the time to provide their financial means 50 of the wealthiest Greek-Americans, net worth or share other information about not necessarily the top 50 wealthiest Greek- themselves. Americans. But some of the important information some The latter would be a nearly impossible list to made was about the general inaccuracy of the compile, for various reasons. First, there is no such numbers – not just our numbers, but any database anywhere in the world that can track numbers, including those of Forbes, widely all Greek-Americans, again, largely due to the regarded as the “gold standard” of such privacy reason. Second, the way a name sounds rankings. can sometimes be misleading. Many wealthy people are very private and do For instance, our top-ranked individual, Jim not like to be in the public eye at all. There may Davis, doesn’t “sound” Greek at all, whereas two very well be a Greek-American reading this right individuals with a far greater net worth, who now, who was not included on this list, but who would easily be numbers 1 and 2 on this list – has more money than anyone mentioned, and Jeff Bezos and George Soros – both sound like he or she is perfectly happy remaining under the they’re Greek, but they’re not. radar. Next, there is the important matter of Others, in contrast, might want to overinflate philanthropy. There are many remarkable their numbers for whatever reason. people featured in this issue who give away a A perfect example of wild variations in great deal of money, and that causes them to estimated net worth is the case of President drop in the rankings. We don’t think they should Trump, whose net worth at press time Forbes be “penalized” for that in anyone’s mind. estimated to be $3.7 billion. As we advised last year, the best way to enjoy On the campaign trail last year, he said he this issue is not to become too attached to the was worth about $10 billion. Some have net worth numbers and the rankings, but rather speculated that the reason he didn’t disclose his to appreciate the biographies of these 50 tax returns is because they would suggest an individuals (or families), a few of whom are amount far below both of those figures, and he further featured in separate profile pieces would look foolish in his boasting. herein. Whichever version is true, the point is, Finally, we invite you, once again, to enhance numbers are just numbers. this list by letting us know of any information – That said, here is how we arrived at ours: the including, perhaps, a particular Greek-American three categories are Primary (the person or we may have overlooked – so that this issue can his/her representative officially and publicly continue to be better and better, year after year.

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 United States of America.

Publisher-Editor Antonis H. Diamataris Assistant to Publisher, Advertising Veta H. Diamataris Papadopoulos Special Section Editor Constantinos E. Scaros Production Manager Chrysoula Karametros

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eorge Marcus revolutionized the real estate industry. Along with his partner, William A. Millichap– the company is called Marcus & Millichap – they pioneered the now-standard practice of listing properties with a single broker, and are now the widely- recognized industry leader. He spoke with The National Herald for this special issue, and naturally, we began with a question about real estate. To try to ascertain the short- mid- and long-term prospects of the real estate market on a local, regional, or national level “is extremely complex,” Marcus says. “It is too broad of a question to answer. Each region and type of project, whether it’s retail, commercial, apartment, industrial or hotel, behave differently in both respects – by region and type. “I can say that in the long run, apartment buildings do fairly better than most product types, but others, costs. Never mind contemplating how recruitment is generally done by the depending on the configuration and students will pay for their education, existing members.” tenancy, can also have advantages or why do colleges and universities What’s in store for NHS’ future? “Our disadvantages. Some regions are charge so much money in the first plan for the coming years is to expand more favorable than others. The place? “Tuition is a function of the the membership with new chapters primary ingredients of successful cost structure of the Universities,” and establish new programs that will investments are job growth and Marcus began. “A good comparison is make our community proud and fulfill constraints to supply. Many growing Stanford University, a private school our mission to preserve and pass on metropolitan areas have those and UC Berkeley, a public school. our heritage. Each chapter has its own ingredients, but you would have to do Stanford University’s tuition is about program activity and we have a much deeper analysis for each $50,000 per year and UC Berkeley’s extremely effective national product type and region to make the tuition is over $13,000 per year, while programs, the most successful being optimum determination of where it room and board is about the same the Heritage Greece program, the would be best to invest.” cost in both cases. Clearly the state Heritage America program, The His tremendous achievements in real subsidizes the public universities and Greeks Guide to Greatness (a digital estate notwithstanding, Marcus has even all the best public or private series co-produced by the NHS and also accomplished a great deal in universities get much of their funding National Geographic), The Sprint of other areas, and his passion for from research grants from public the Marathon Exhibit and Oral education is evident by his good agencies and private foundations.” History Project at the National works in that realm. No less a passion for Marcus is Hellenic Museum (NHM) in Chicago. “My interest in higher education Hellenism, as exemplified by his We are currently exploring to work started with my appointment to the extensive and enthusiastic description with NHM on additional projects and California State University Board of of the National Hellenic Society we are also in discussions with the Trustees in 1981, which was an eight- (NHS), which he co-founded in 2008. International Spy Museum in year appointment,” he told TNH. It was founded, he explained, “by a Washington DC, to assist, develop, “California schools were restructured group of friends with Greek heritage and fund the Trojan Horse Project many years ago into three major post- who wanted to maintain and adorning the Museum as a permanent high school segments – junior Also, the research in which “When you are taking hard sciences celebrate their Greek culture. We have Exhibit as one of the first colleges, four year state schools, and universities engage is truly the (i.e., physics) your political position ongoing chapter meetings that bring demonstrative exhibits on what their the University of California (UC). primary driver of progress through has nothing to do with learning that in top-level speakers on many museum represents. Each has a slightly different function, the creation of knowledge in material. As a practical matter with subjects, some of which are heritage “The incredibly rich and robust with only the UC’s having the medicine, technology, and every other the two largest systems in our state, related, of course.” history of our contributions to advanced PhD degrees. In 2000, I was sector of our economy.” California State University and the NHS’s most important aspect “is the civilization cannot be appointed as a Regent of the Although it is widely evident that University of California, there is a network it creates with a group of overemphasized. The Greeks University of California, which is a 12- there is ample demographic diversity broad variety of faculty positions and nationally distinguished Greek- produced the ideas that continue to year appointment.” among student and faculty bodies at the reason that tenure exists, which Americans who want to preserve and fuel democracy, western civilization Marcus’ passion for pedagogy stems institutions of higher learning across began in the 1920s and 1930s, is to promulgate the best of their culture. and commerce. This pride is from his belief that “education is one the country, there is also a widely held allow the faculty to novel and profess We have been very fortunate to have manifested in every Greek-American’s of the most important aspects of a notion that the political/ideological opinions against which the an incredibly enlightened Executive heart and soul. We must keep that democratic society, and maintaining mindset of professors is decidedly left community or politicians cannot take Director, Art Dimopoulos, who helps alive for generations to come. Our its quality is very important for a free of center. “That is too broad of a retribution.” organize programs and establish new modern-day mantra is to make and functioning political economy. generalization,” Marcus explains. Next, we turned to the issue of tuition chapters, while membership America Greek again!”

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By Constantinos E. Scaros versions of the 970AM broadcasts – the Born 68 years ago on the tiny Greek podcasts of which can be viewed at island of Nisyros, Catsimatidis and catsimatidis.com. his parents immigrated to the As he told The National Herald in a United States when he was just an previous interview, “we have the top infant, settling in a modest Harlem erhaps the most famous self-made show on Sunday mornings between apartment. billionaire in America – if not in the New York and Washington, DC at 970 entire world – is Donald Trump, whose AM in New York and 1260 AM in celebrity status, already having enjoyed Washington. From 8:30 to 9:00 we have an international global reach, was leading local personalities and from 9 to eclipsed quite possibly by the only feat 10 I speak mainly to national figures.” as Chairman of the New York College that could top it – the presidency of the Indeed, countless top-tier political Republicans. Nonetheless, the apple United States – which he officially figures have appeared on his show doesn’t fall far from the tree, as the undertook on January 20. numerous times, including Mr. Trump younger Catsimatidis shares his father’s President Trump has often explained himself. evenhandedness, as evidenced by his that his father, Fred, got him started in TRUMP FORESIGHT interview with TNH during his senior the business world with a $1 million Well over a year ago, when so many year at NYU: Given his positions of loan. His main election opponent, pundits scoffed at the notion that leadership with young Republicans, he Hillary Clinton, said it was more. But all Trump could actually win the election, said that “I should not directly convey sides can agree on this: while Donald Catsimatidis had the foresight to my beliefs about a certain issue or Trump certainly reached spectacular observe matters differently: “I think candidate, and I really view my duty as heights in terms of name recognition Trump can do it if he plays it right,” he facilitating the discussion of issues and and catapulted it into a presidential told TNH. “If he doesn’t go overboard in candidates to help members decide campaign that gained traction from the any one direction. He’s a smart guy and what they truly believe.” start, defying tremendous odds all the I think he can do it.” AN EYE ON GREECE way to the White House, he didn’t start Speaking at the time to Trump’s His firm immersion into American life, from nothing at all. As impressive as strength of character, Catsimatidis said business, and politics notwithstanding,

Even more specifically, Catsimatidis met with the mayor of his native birthplace, Nisyros, to discuss particular concerns on that island. “In my heart I always root for Greece,” he told TNH that may be, another self-made the current president “has always been billionaire, one featured in this special generous and held his head up high edition, made it entirely on his own, even when he was going through bad without a million-dollar loan from times. He didn’t go hide. He stood up, anyone. His name is John Catsimatidis. and did what he had to do to make Born 68 years ago on the tiny Greek changes. To that end, he likened island of Nisyros, Catsimatidis and his Trump’s decisionmaking instincts to his parents immigrated to the United States own: “I think you are better off making when he was just an infant, settling in a quick decisions – good decisions – than modest Harlem apartment. hiding and making no decisions.” Catsimatidis, often referred to as EVENHANDEDNESS “Cats” for short, started out working in One of the reasons the Cats a grocery store, and for no pay. He Roundtable has been well-received by eventually wound up purchasing that New Yorkers and listeners around the store, and it was the start of his country is that its host is very down-to- supermarket empire – Red Apple and earth. There is nothing pretentious or Gristides supermarkets. He also made highfalutin about the show. Another his fortune slowly and steadily, in other important reason is Catsimatidis’ industries, such as oil, aviation, and real evenhandedness. In his mayoral run, he estate. often repeated the following message: CATS ROUNDTABLE “Am I a Democrat? Yes. Am I a Beyond his penchant for business Republican? Yes. Am I a liberal? Yes. Am and entrepreneurship, Catsimatidis has I a conservative? Yes,” and that is a clear passion for politics, evidenced exemplified not only in words, but more not only by his run for Mayor of New importantly, in actions. He is friends though there has been no immediate 24. Both children work with their Catsimatidis has not forgotten his Greek York City in 2013, but also by the with countless Democrats and indication that he has gone beyond father, and “my daughter is roots. He told TNH in a previous launching of his Sunday morning talk Republicans. He has served on boards keeping it in mind. concentrating on the real estate interview that he was impressed by New radio show, Cats Roundtable. After his with Trump, but often speaks of how THE FUTURE business and my son on the energy Democracy Leader Kyriakos Mitsotakis, mayoral bid – his first run for public the Clintons are his friends. He has had A man of many interests, business,” he told TNH. whom he deemed “smart.” Even more office – fell short of gaining the GOP an array of Democratic politicians – Catsimatidis told The Real Deal several Catsimatidis Jr. is more firmly specifically, Catsimatidis met with the nomination, it didn’t take Catsimatidis both local and national, on his show – years ago that his main hobby used to aligned with Republicans than his mayor of his native birthplace, Nisyros, to long to make another strong impression and just as many Republicans. be flying airplanes, but “when my kids father, having served as President of the discuss particular concerns on that island. in politics – both in terms of the city and Would he consider running for office were born. I quit.” Those kids are Republicans at New York University, “In my heart I always root for Greece,” he the nation – with local and national again? He has publicly hinted as such, daughter Andrea, 27, and son John Jr., from where he graduated in 2015, and told TNH.

“100 Best Restaurants” Washington 2012-2017 8 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017 Entrepreneur, Philanthropist, Community Leader John Georges: “It’s Not the Money, It’s What You Do with It”

By Constantinos E. Scaros devastation was, it would be much contrast with the majority of the ran in a politically difficult year, and if easier to confront and overcome. mainstream media, which is ever he decided to run again, it might “I’m a business leader,” Georges said. predominantly left-leaning. “We are be just as challenging. “The newspaper “And my priority was to secure my somewhere between the Wall Street is consuming me,” and so he doesn’t family” and then go about the business Journal and the New York Times,” he know when he would find the chance to ohn Georges has a strong of rebuilding. Because Georges said. But Georges makes clear that he run again, but he’s not ruling it out. appreciation for history. His own family Enterprises is in the business of food rarely interjects in terms of editorial “Now, I try to be apolitical. When I lost, tree – tracing back to Kalamata- distribution, he said “not only did I have policy. “I rely on the professionals (the I didn’t get these questions, but now I Messinia and Tripoli in Greece – goes to reopen my business, I had to help my editors) for editorial content.” get more and more of them.” back ten generations all the way to the customers reopen theirs.” Professionals such as Advocate Like Donald Trump, Georges is a 1600s, when the family name was To get to the Church itself, Georges Editor Peter Kovacs, who was named wealthy and successful businessman in Georgountzos. That sense of history, described, “you had to get to the 2016 Editor of the Year by the National various industries, and he sees Trump as coupled with a Hellenic spirit, has flooded area, get in a boat, and go a Press Foundation, “only the second time a test case. “Now is the time for good inspired Georges to acquire several couple of miles in.” Georges met for an editor from Louisiana,” Georges political leaders. Traditional leaders century-plus-old businesses in Louisiana Archbishop Demetrios in Louisiana’s said. look very weak against Donald Trump, – his family’s own food distribution capital, Baton Rouge, and they went to The recognition came largely as a but he has a learning curve. He’ll be a enterprise just celebrating its own 100th the Church together to remove certain result of the Advocate’s reporting of a test case to see if non-politicians can anniversary – as well as becoming important items, such as the Holy tragically historic summer in Baton govern.” immersed in numerous philanthropic Communion chalice. Rouge. In July, the fatal shooting of a PHILANTHROPY endeavors, particularly within the There was water in the Church, but man by Baton Rouge police officers was AND HELLENISM Greek-American community. fortunately, Dennis Georges had been “a followed by a retaliatory shooting of six A Board Member at The Hellenic Georges spoke with The National stickler for building it higher,” Georges officers later in the month; three died. Initiative (THI), Georges is “excited to Herald in September, 2015, just as said about his dad. And so, everything And in August, the city experienced see Greeks in the Diaspora who are another landmark institution – the Holy was higher off the ground to begin with. massive flooding. “Our local reporting concerned about the plight of Greece Trinity Cathedral in New Orleans, the “The parking lot was higher than the was picked up by national media coming together, figuring out how they oldest Greek Orthodox Church in street, the Church was higher than the John Georges outlets, such as the Huffington Post and can leverage their success to aid Greece America – had celebrated an important parking lot,” etc. That difference of just Fox News. in philanthropy and business

“Having a lot of money is nothing special. For a Greek, that’s a minimal standard. It’s more about what you do with your money and how engaged you are in the philanthropic community

“We gain trust because of our investment. We’ve done this before unbiased reporting,” Georges told TNH. regarding the invasion of Cyprus, but “Of course, we won’t satisfy the extreme this time it’s not purely political. It is a fringes, but we are balanced and fair.” holistic approach.” He noted the Purchasing the Advocate was also a leadership of Andrew Liveris (also wise business decision. It is 178 years featured in this issue) and George old, and “businesses that last over 100 Stamas, and said how much he is years have sustainability,” Georges “enjoying donating a lot of my time and pointed out. I like to buy value and turn money to that cause and meeting like- brands around. Because of the declining minded Greeks from around the world.” newspaper business, it was affordable.” Though business opportunities in Among Georges’ other enterprises is Greece are not easy these days, given the nationally renowned Galatoire’s institutional obstacles, “there is great restaurant on Bourbon Street, in New investment opportunity in Greece. It is a Orleans’ historic French Quarter. The great time to buy a seasonal home. To 112-year-old establishment, famous for invest dollars from outside of Greece in not taking reservations, often has general, whether to purchase real would-be diners eagerly standing in line estate, a business, or to aid family for a table. members. “It’s the hardest restaurant in New “We still go to Greece regularly – to Orleans to get into,” he said, “and we Kalamata-Messinia, and Athens. And we still require jackets. The youngest have a summer home on Mykonos,” business I own,” Georges added, is the said Georges, who is married to Dathel, 75-year-old AMA Distributors, which and whose three children are Zana sells recreational items such as hot tubs (Alexandra), who works for the and billiard tables. Advocate, Liza, who is based in ON TRUMP Washington, and Nike, who is in his As a policy, the Advocate does not second year at the University of endorse presidential candidates, and so Virginia. “When I was 11 years old, my it remained officially neutral in the parents sent me to Greece along with election. But by summer 2016, Georges my sister.” He has retained the tradition realized that Donald Trump had an and passed it on to his own children. excellent chance of winning. Georges and his wife are fully Given the unrest in the United States engaged in various philanthropic His own family tree – tracing back to Kalamata-Messinia and Tripoli in Greece – goes back ten generations all the and around the world – in Greece, endeavors. “Between THI and boards, way to the 1600s, when the family name was Georgountzos. Great Britain, the Middle East, etc. – I’ve spent more time on civil and Georges thought “Americans wanted a philanthropic causes than I do in my milestone: it’s 150th year. a few feet is what ultimately saved the in Louisiana. It was a combination of strong leader.” Trump was “the only businesses,” he said. As Georges explained at the time, structure, Georges said. civic duty and good business sense for candidate to visit Baton Rouge” after “Having a lot of money is nothing Georges Enterprises was founded in “Then the (USS) Iwo Jima arrived, Georges to purchase the paper. Having the shootings and the flooding, Georges special. For a Greek, that’s a minimal 1916 by his maternal grandfather, Gus and the captain was a Greek (Richard A. unsuccessfully run for governor of said. “Hillary never came. The Advocate standard. Pelias, who later turned over the Callas),” Georges said. The sailors Louisiana in 2007, Georges realized the treated Trump more fairly than did the It’s more about what you do with company to his son-in-law Georges’ helped with the rescue efforts. They Advocate would keep him in close touch national media. We saw a side of him your money and how engaged you are father, Dennis. A native of Arfara in were also able to help the Greek with the people of the state, and that others didn’t get to see. Giving in the philanthropic community. Messinia, Dennis joined the Greek shipowners get their vessels back into particularly meet the needs of New people hope at the worst time in their That’s why I’m excited about these guerilla movement against German the water. Orleaners, whose principal newspaper, lives. You don’t see that coming from causes. I’m excited the Greek occupation in World War II, fought Then, Georges used one of his the Times-Picayune, had scaled back many businessmen.” community allows us the opportunity to against the communists in the Greek company’s warehouses to establish a print publication to only three days per Georges said a lot of the political do this. Civil War, and in the Korean War as a temporary location for Holy Trinity, so week. divisiveness is fueled by the media, but “You never know what God has in member of the Royal Hellenic Air Force. that the parishioners could continue “It was the most civic thing I could it is mostly the national media. Local store for you,” Georges concluded. He In his swift call to action to rebuild the going to church without having to drive do for my community, “ Georges told newspapers and those in small cities are never dreamed that he would have community after Hurricane Katrina, over an hour to the next-closest church, TNH, explaining that despite its major less polarizing, he said. turned the $29 million business he Georges thought of what his dad might in Baton Rouge. foray into digital news, the Advocate GEORGES inherited into billions. But even though have done – who had died three years “And we rebuilt everything in 90 publishes a daily edition in print, an FOR GOVERNOR? “humbled and fulfilled,” Georges is only earlier, in 2002. “How did my father days – it was a miracle.” important quality-of-life issue to a city When Georges ran for governor as 56 years old, and he knows he will overcome German occupation?” he THE ADVOCATE with such strong European roots and an independent in 2007, he didn’t win accomplish more. asked himself, rhetorically, comparing This year, the interview focused on culture. the entire state of Louisiana, “but I won “And my goodness, I can only the Nazi atrocities in Greece to Katrina, Georges’ purchase in 2013 of the Politically, the newspaper is “slightly New Orleans. I run races that I can’t imagine what my children will be able and concluding that as bad as Katrina’s Advocate, the largest daily newspaper right of center,” Georges said, in win,” he mused, pointing out that he to do!”

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By Constantinos E. Scaros taste of the postseason last year, 2017's homicide rate. club offers another chance to bring They only won one NBA home a championship.” championship, in 1978, led by one of Powerhouse slugger Chris Davis said the greatest frontcourts ever, comprised "that's the attitude and mentality of of Bobby Dandridge (small forward), ver 100 years since the first everybody in the clubhouse. We aren't Elvin Hayes (power forward), and Wes major wave of Greek immigration to the out there to just kind of slide in there at Unseld (center). A year later, the United States, the Greek-American the last minute. “Obviously, if we have vaunted Bullets were stopped by the community continues to grow and to play a Wild Card game, we will do it, defensive-minded Seattle Supersonics, flourish in a multitude of ways, its but we want to win the division. And led by all-star guard Dennis Johnson. presence increasingly felt in so many we expect to be in the postseason every Michael Jordan, widely regarded as sectors of private and public life, year. That's just kind of the way we look the greatest basketball player of all time including professional sports. at things. That's where the bar is now." Unlike the rest of the sports- Criticized at times for being too watching world, the United States is cautious about spending money to less consumed by international attract quality free agents, after the competition as it is by its four nearly- Orioles’ winning ways as of late, exclusively U.S.-based major sports Angelos has been lauded for being which, in order of popularity, are: prudently patient. football, baseball, basketball, and ice hockey. Their respective professional TOM GORES – leagues are the National Football DETROIT PISTONS regained their winning form, making moving to Baltimore to League (NFL), Major League Baseball The Detroit Pistons, originally the playoffs last season. become the Baltimore (MLB), the National Basketball founded in 1941, joined the NBA in Bullets – their motto being Association (NBA), and the National 1948, and had an amazing start. After TED LEONSIS – that they were “faster than – and certainly of the past 40 years – WASHINGTON WIZARDS, a speeding bullet.” Leonsis owns a number of sports teams in the Washington, DC area, became part owner and President of WASHINGTON CAPITALS In 1973, the Bullets moved to Basketball Operations of the Wizards in including the NBA’s Washington Wizards and the NHL’s Washington Leonsis owns a number of sports Landover, MD, a DC suburb, and 2000. Capitals. The Wizards were born in 1961 as the Chicago Packers teams in the Washington, DC area, became the Capital Bullets, and a year A year later, he decided to don the including the NBA’s Washington later the Washington Bullets, a name uniform again, coming out of Wizards and the NHL’s Washington they kept until 1997. Hockey League (NHL). Four of our 50 failing to make the playoffs in their first retirement at age 38, but under NBA Capitals. The Wizards were born in That year, then-owner Abe Pollin wealthiest Greek-Americans whose year in the league, they amassed a 16- rules had to relinquish ownership. Two 1961 as the Chicago Packers, briefly changed the team’s name to the biographies are featured in this edition season playoff streak, extending all the seasons later, Pollin shocked Jordan by changing their name to the Chicago Wizards, because own a team in at least one of these four way to 1962-63. Zephyrs (because “Packers” was “bullets” had taken on a sports. In alphabetical order, they are They enjoyed some success in the unpopular in Chicago, as that is the negative connotation, a Peter Angelos, Tom Gores, Ted Leonsis, 1970s, and during the vaunted Larry name of Green Bay’s NFL team, an arch- stark reminder of DC’s and Alex Spanos. Bird-Magic Johnson era of the 1980s, rival of the Chicago Bears), and soon high gun-related were arguably the best of the second- PETER ANGELOS – tier teams, behind Bird’s Celtics and BALTIMORE ORIOLES Johnson’s Lakers. But in the 1988-89 One of the original teams in the season, they finally dethroned both American League (AL, which along with giants, first disposing of the Celtics in the National League [NL], comprises the Eastern Conference, and then the major leagues), the Baltimore sweeping the Lakers in four straight Orioles have had a long and storied games in the finals. They repeated the history, appearing in the World Series favor the following year, becoming the (baseball’s championship) seven times, only team to win back-to-back firing him as president, causing the winning three of them. But they haven’t championships other than the Lakers disappointed superstar to try to regain won the Series since 1983 and had an since the Celtics did it in 1968 and his partial ownership. awful playoff draught – not qualifying 1969. By 2010, Leonsis became majority for postseason play from 1998 until After adding another title in 2004, owner and revitalized the Wizards by 2012. Angelos, who bought the team in again crushing the Lakers in five games instituting a fan-centered approach to 2003, brought them back to playoff in the finals, the Pistons continued their running the organization. Leonsis contention in 2012, and they have winning ways until the 2009-10 season. turned around the franchise, which he made the playoffs two of the past three Gores, along with his company inherited with a losing record, and the seasons. Platinum Capital, bought the team in Wizards have made the playoffs two of As Brittany Ghiroli wrote for 2011 and he became sole owner in the past three seasons. mlb.com, “for a team that got just a 2015. Since that time, the Pistons Leonsis has owned the Washington THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 11 Professional Teams in All Four Major American Sports Have Greek Owners

championship season was in failing health, Spanos’ another job,” he told the Los 1963, when they trounced the commitment to philanthropy is Angeles Times. He was very New England Patriots 51-10 to carried on by his family. A man generous in the city of San win the AFL title. Spanos with a kind heart, Spanos in Diego, and there is every reason bought the team in 1984 and 1985 fired two men – the first to believe that his family, ten years later, they were in time he did such a thing in 10 through their foundation, will the Super Bowl (though they years, and felt horrible about it. continue their generosity in Los lost, to the San Francisco “I gave them each a year to find Angeles. 49ers). After more success and then a string of disappointing seasons, the Chargers enjoyed a good playoffs streak again ALEX SPANOS – until the last few seasons, when Dr. Gregory Kyriakou, MD LOS ANGELES CHARGERS they have fallen on hard times The Chargers were born in again, following the decline and Breast Surgeon – Surgical Oncology Los Angeles in 1960, as part of subsequent release of superstar the American Football League running back LaDanian Collaborator: Hygeia Group, Athens (AFL). The following season, Tomlinson in 2010. Returning to Medical Center they moved a bit south, to San the city in which they were born Diego. The Chargers were for 2017, Spanos’ Chargers look b incorporated into the NFL in to regain their winning ways, 180, Olympionikon str. Neo Psychiko 1970 when the two leagues and perhaps win their first Super PC. 15451 Athens-Greece • (01130) 210 6718 201

merged, and remained in San Bowl. Although now 93 and in a [email protected] • www.gksurgery.gr Diego until the end of this past season. Now, for the 2017 season, owner Alex Spanos has moved them back to their roots – to Los Angeles. Their only Capitals much longer. Though BUILDING COMMUNITY the team has never won a Stanley Cup (the NHL TOGETHER championship) in its entire history, they have made the playoffs in eight of the last nine seasons.

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1. JIM DAVIS acquisition and management. serves on the Executive Com - Cumberland Farms expanded Besides being actively involved mittee of the Rubber and Plastic across state lines and eventually $5.2 BILLION (Forbes) in New Balance, he also served Footwear Manufacturers Asso - grew to become the largest CHAIR – NEW BALANCE the industry as a whole. He ciation. He serves on the Indus - dairy farm operation in Massa - serves as Chairman of New Bal - try Sector Advisory Committee chusetts. In 1956, the company James S. “Jim” Davis, the ance Athletic Shoe, Inc. He (ISAC) on footwear, leather and opened a jug-milk store in Chairman of New Balance (NB), served as Unit Chairman and leather products as well as the Bellingham, MA. Few conve - tops our list again this year. Chairman of Middlebury Col - Industry Policy Advisory Com - nience food stores with dawn- Davis, 74, the Brookline, MA- lege. He serves on the Board of mittee (IPAC) which is the trade to-midnight service every day of born son of Greek immigrants Directors of Citizen's Bank in advisory committee to the U.S. the week existed in the northern bought the retail sports Providence, RI. He serves as a Trade Representative and the part of the country in the 1950s. footwear company in 1972 and Trustee of TD Banknorth Gar - U.S. Secretary of Commerce. But by 1967, there were took the company to new The National Sporting Goods some 8,000. With more than heights four years later with the Association (NSGA) inducted 400 stores, Cumberland Farms development of the New Bal - him into the 'NSGA Hall of was among the industry leaders. ance 320 running shoe. The Fame' in July 1997, Inc. Maga - By the early 1990s, Cumberland company has since grown, now zine which named him New Farms ranked third among the featuring clothing and equip - England Entrepreneur of the country’s convenience store ment for lacrosse and soccer. Year in 1995 and Business Week chains, and was also a leader in Boston-based NB remains magazine, which named him both the retail and wholesale one of the few shoemakers that among the nation's top 10 en - distribution of petroleum prod - continues to manufacture some trepreneurs of 1993. He was ucts. of its shoes in the United States. also awarded several Honorary A closely held family-owned Its recent endeavor Boston Doctorate degrees including one company since its inception, Landing, is a complex for a ho - from his alma mater. He gradu - Cumberland Farms has since tel, sports facility, indoor track, ated from Middlebury (VT) Col - grown to become a multi-bil - and a commuter rail station. lege in 1966 with a degree in lion-dollar corporation. Lily Davis’ wife, Anne, serves as NB’s Biology/Chemistry.” Haseotes Bentas, daughter of Vice Chairman, having joined On November 9, 2016, the Vasilios and Aphrodite the company in 1977. day following the presidential Haseotes, is chairman of the Davis is also a co-founder of den. He served as a Director of election, New Balance, though board of directors. Her nephew, Major League Lacrosse, which Middlebury College. Mr. Davis its vice president for public af - Ari, succeeded Bentas as CEO in was founded in 1999, debuted served as a Director of Citizens fairs, told the Wall Street journal June 2014. in 2001, and in 2015 averaged Bank, N.A. and Citizens Finan - of the company’s support for the Cumberland Farms owns and almost 4400 fans per live game. cial Group, Inc. He served as a election winner, Donald Trump, operates convenience stores, The league, spanning the United Trustee Emeritus of Middlebury because of his opposition to the and previously also gas stations States’ Eastern seaboard, con - College. He served as a Member Trans-Pacific Partnership (TPP). throughout New England, New sists of eight teams: Atlanta of Board of Advisors of Vesdia York, the Mid-Atlantic States Blaze, Boston Cannons, Char - Corporation. Mr. Davis also and Florida under the Cumber - lotte Hounds, Chesapeake Bay - serves on a number of nonprofit 2. HASEOTES FAMILY land Farms, (and previously, hawks, Denver Outlaws (its only boards including the Children's also Gulf and Mobil)M nAaRmIA eYsA.N NA Western team) Florida Launch, Museum in Boston and the $4.17 BILLION (TNHE) The company first added a New York Lizards, Ohio Ma - Sports Museum of New Eng - CONVENIENCE STORES gas station to one of its stores chine (its only Midwestern land. He is a Board Member of in 1971 and expanded greatly team), and Rochester Rattlers. the Sporting Goods Manufactur - The Haseotes Family tops our in the wake of the 1973-74 Arab Davis’ Bloomberg business ers Association. He serves on the list of the wealthiest Greek- oil embargo. By 1975 Cumber - profile notes that “he served as boards of the International Ath - American family and in 2016 land Farms opened its 1,000th Chief Executive Officer of New letic Footwear & Apparel Man - they made a major company store. The following year, it Balance Athletic Shoe, Inc. until ufacturers Association and the change, selling off its subsidiary opened a 560,000-square-foot April 17, 2007. From 1965 to Two/Ten Foundation, Inc. He is Gulf Oil. bakery and warehouse in West - 1970, he served at LFE Com - a Member of the Athletic The company was founded borough, Mass. In 1987, it pur - pany. From 1970 to 1972, he Footwear Council. He serves on by current CEO Ari Haseotes’ chased all of the Northeast as - served as Marketing Manager of the board of the Monterey In - grandparents, Vasilios and sets of Gulf Oil from the Applied Geo Data Systems Divi - stitute of International Studies Aphrodite, in 1938. That year, Chevron Corporation, including sion of Techven Associates Inc. that specializes in international the Haseoteses emigrated from 550 service stations and a ter - Follow us on Facebook: of Cambridge, MA. He served as studies and language. He is a Greece’s Macedonia and Epirus minal network throughout the a Sales Engineer at L.F.E. Corp. Trustee at Newbury College. He regions to the United States, Northeast. The National Herald/E θνικός Κήρυξ of Waltham, MA. He cofounded was a Trustee of Worcester purchasing a one-cow dairy In 2010, Gulf Oil L.P., a sub - a private business in real estate Academy in Worcester, MA. He farm in Cumberland, RI for $84. sidiary of Cumberland Farms, announced it had acquired all rights, title and interest to the “Gulf” brand in the entire United States and its territories. In 2012, Cumberland Gulf Group announced that it en - tered the electricity market in Connecticut, and in 2013 ex - panded into other parts of the northeast. In June, 2016, Ari Haseotes told the Boston Globe as a result of the sale of Gulf, Cumberland can now devote more resources to remodeling its stores and re - vamping its distribution center. By getting out of the wholesale business and focusing exclu - sively on retail, Haseotes is re - turning the company to its roots, more in line with how it was run by his grandparents.

3. JOHN A. CATSIMATIDIS $3.4 BILLION (NetworthHQ) OIL, REAL ESTATE, SUPERMARKETS

At a personal fortune esti - mated at $3.4 billion, John Cat - simatidis remains very close to the top our list this year, and continues to be in the public eye, particularly as he considers another possible campaign for public office. Settling into a humble Harlem tenement as an infant with his parents from the tiny Greek island of Nisyros, Catsi - matidis, 67, through decades of hard work and innovation, is a self-made billionaire. In a self-funded campaign for mayor of New York City in 2013, in which he finished a strong second in the Republican pri - mary, Catsimatidis has hosted his own Sunday morning radio program on New York City’s AM 970 radio station, Cats Round - table. The show is really two in one, featuring local and national news, with an array of local and nationally-known politicians

and other influential guests stopping or calling in on a reg - ular basis. Catsimatidis is chairman and CEO of the Red Apple Group, which is among the country’s largest privately held companies with 8,000 employees and esti - mated annual revenues of $4.3

Continued on page 16 THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 15

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a Call Kostas G. Verdis at +44 479 7642 3428 16 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017 The 50 Wealthiest Greek Americans List

Continued from page 14 the billionaire is “a sports nut,” who found time amid his busy billion. Red Apple has holdings schedule to coach his daughters’ in oil refining, retail petroleum youth soccer and basketball products, convenience stores, teams. supermarkets and real estate. In 2016, he launched Flint - With a major focus on energy, Now to address the water crisis Catsimatidis’ fortune acceler - in Flint, MI. ated with rising oil prices. Gores, his wife, Holly, and Catsimatidis attended New their three children live in Bev - York University, but withdrew erly Hills, CA, but also maintain before completing his degree re - a home in Birmingham, MI. Mrs. quirements because of business Gores, a Michigan native, has demands. He opened his first longstanding roots in the state grocery store in 1969 and owned ten stores by the age of 24, making $25 million a year in revenue. He plowed $5 mil - lion into Manhattan real estate in 1977; that property was worth $100 million just five years later. Catsimatidis stumbled upon the Chapter 11 proceedings of United Refining in Warren, PA. and purchased the oil refiner’s stock for $7.5 million. The firm now owns 375 gas outlets and convenience stores in Pennsyl - vania, New York, and Ohio. Today, Red Apple Group is a diverse holding company that derives revenue from real estate, oil refining, fuel distribution, and aircraft leasing. It owns the and joins her husband’s commit - Gristedes supermarket chain, ment to community initiatives the Hellenic Times newspaper, throughout Michigan. and a reported $500 million worth of property. Catsimatidis’ most recent projects included 5. JOHN PAUL DeJORIA building mixed-use develop - ments in Brooklyn's Fort Greene $3.1 BILLION (Forbes) and Coney Island neighbor - HAIR CARE PRODUCTS, hoods. SPIRITS Catsimatidis is a licensed pi - lot, though eye surgery has John Paul DeJoria, 72, is a grounded him over the past few member of “The Giving Pledge,” years. He has helped raise mil - a charity led by Warren Buffet lions for Alzheimer’s, Parkin - and Bill and Melinda Gates. In son’s, and Juvenile Diabetes re - 2016, this billionaire who fin - search. He served as ishes near the top of our list co-chairman and founder of the with a net worth estimated at Brooklyn Tech Endowment $3.1 billion, has pledged to give Foundation. At the time, the $10 more than half of it away. "The million fund was the largest gift more I make, the more I get to to a secondary school in the give back. Success unshared is United States. Since 1988 he failure,” he told CNBC. has funded scholarships at the Born to an Italian immigrant NYU School of Business. father and a Greek immigrant He is married and the father mother who divorced by the of two children, Andrea and time he was 2, DeJoria has John. His wife, Margo, runs his known poverty repeatedly: first company’s in-house advertising during his childhood being agency. Their Hellenic Times raised by a single mother in Los Scholarship Fund, which has Angeles, CA, and two periods of awarded hundreds of thousands homelessness as an adult. in scholarships to Greek Ameri - Today, he is on lists of the can students, celebrated its 24th world’s billionaires, and one of anniversary in May. Catsima - America’s richest living veter - tidis, who first considered run - ans. His John Paul Mitchell Sys - ning for mayor of New York in tems hair products and Patron 2009, said at his candidacy an - Spirits, both still privately held, nouncement in January 2013, are each worth more than a bil - “I care about making New York lion dollars. Paul Mitchell prod - better,” and for people to say ucts are available in more than when he was done, “you know 100,000 salons in the United something, you did a great job.” States and are distributed In 2016 he told the New York throughout the world. media that he had not ruled out In June 2014, DeJoria co - making another attempt at pub - founded (with British entrepre - lic office, perhaps another run neur Jonathan Kendrick) ROK at mayor, or even a bid for the Mobile, a music streaming ser - US Senate. vice combined with a contract- free mobile phone plan offering unlimited voice, text, and data 4. TOM GORES that runs on the rails of larger cell phone carriers T-Mobile and $3.3 BILLION (FORBES) Sprint. He made a big splash in EQUITY INVESTMENT, pop culture in 2013, appearing SPORTS as a guest judge on ABC’s tele - vision pitch show Shark Tank. DeJoria’s very first job, at age Tom Gores, 52, was born in nine, was selling greeting cards Nazareth, Israel to a Greek fa - door-to-door. He and his brother ther and a Lebanese mother. When he was only four, the fam - ily moved to Genessee, MI. After earning a bachelor’s degree at Michigan State University, he joined his brother Alec (also fea - tured in this edition) in buying out companies. He founded Capital Equity in 1995, which remains one of the largest private companies in the United States. Headquartered in Los Angeles, CA, the company has offices in New York, Boston, London, and Singapore. Its in- house business development, M&A, transition, legal, real es - tate, marketing, finance, and operations teams enable us to resolve matters expeditiously. Capital Equity structures ac - quisition solutions to help sellers had paper routes through their achieve their divestiture objec - school years. After high school tives. These usually include cor - and two years in the U.S. Navy, porate sellers shedding non-core DeJoria did whatever it took to assets, public sellers seeking to make ends meet – from selling maximize shareholder value, or encyclopedias and working as a private sellers seeking capital janitor to pumping gasoline. and operational support. It has During his first homeless period, also developed alternative deal after he and his then-wife sepa - structures to meet the current rated, he collected bottles to capital environment. stay afloat, all while caring for Since its founding, in Plat - his two-year-old son. Eventually, inum Equity has completed he took his talents to several more than 185 acquisitions in a hair care and cosmetic compa - broad range of market sectors. nies before becoming an inde - The current portfolio includes pendent consultant. companies in diverse industries, In 1980, DeJoria teamed up acquired in a range of corporate with his friend Paul Mitchell to divestitures, public-to-private launch John Paul Mitchell Sys - transactions, and transactions tems, a line of high-end hair with private sellers. Each port - care products. The partners be - folio company operates inde - gan with $700, DeJoria living pendently with the goal of cre - in his car at the time. He said ating long-term, sustainable he knocked on salon doors until value. he got 12 orders and checks. Af - In 2011, Gores and Platinum ter two years of hand-to-mouth became owners of the National work, the company grossed $1 Basketball Association’s Detroit million. Pistons. In August, 2016, he In 1989, after Mitchell died, purchased Platinum’s stake and DeJoria found another partner became sole owner. and launched Patron, a pre - As Forbes reported when Gores first purchased the team, Continued on page 18 THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 17 18 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017 The 50 Wealthiest Greek Americans List

Continued from page 16 built more than 120,000 units tutions through the Jaharis Fam - in 19 states. Spanos handed ily Foundation, Inc. mium tequila, something un - control of the company to his In October 2010, the Mary heard of at that time. His friend sons in 2003: Dean serves as Jaharis Center for Byzantine Art Clint Eastwood placed it in his Chairman and CEO and Michael and Culture was inaugurated at film In the Line of Fire, celebrity serves as President. Hellenic College/Holy Cross chef Wolfgang Puck endorsed it, Spanos was inducted into the Greek Orthodox Theological and DeJoria gave it away at Paul California Building Industry Hall Seminary in Brookline, MA, Mitchell events. Today, Patron of Fame in 2005. He bought 60 which will serve as a premier Spirits has expanded to include percent of the Chargers from international research center. rum and vodka, and sells 2.5 then-majority owner Eugene In 2014, the foundation do - million cases of the world’s ul - Klein in 1984. Over the next ten nated $10 million to Haverford tra-premium tequila per year. years, he bought out the shares College in Haverford, PA to fi - DeJoria has been quoted say - of several small co-owners, nance a new music center and ing the key to success is to be bringing his control of the team a student loan debt relief fund. prepared for rejection. As a life - to 97 percent. In 2013, the foundation an - long salesman, he has faced In July 1995, Spanos began nounced a donation of $2 mil - more than his share. Remem - supporting an annual high lion to support humanitarian re - bering his three-year stint sell - school all-star football game in lief efforts in Greece. The ing Collier’s encyclopedias door- San Diego County. Since then, money, supporting the work of to-door, he said: “doors literally the Alex Spanos All-Star Classic the International Orthodox slam in your face – maybe 30, with deep roots in our American has grown to the preeminent Christian Charities (IOCC), Doc - rillator (ICD) which they call the founded the university’s first 40 doors before the first cus - culture and tradition, such as all-star football game in Califor - tors of the World, and SOS Chil - EMBLEM Subcutaneous Im - economics club. He also served tomer will actually talk to you.” the recent acquisitions of the nia, gathering the best seniors dren's Villages, was offered as a plantable Defibrillator (S-ICD). as a member of the Board of But, he advised would-be entre - 170-year-old PBR and 100-year- in the county for a final game challenge gift to inspire other The company went public in Trustees of the California State preneurs, no matter how many old Hostess. Our European-ac - before continuing their careers donations from Greek-Ameri - 1992. University System in 1981-89, rejections you get, go to the next quired brands, such as Perrier on the collegiate field. Many cans. In 2016, Nicholas announced and has helped select several door with the same enthusiasm Jouet and Mumm Champagnes, alumni from the Spanos Classic Jaharis served as Trustee that he would step down as SFSU presidents. He was named as you had at the first, with a among others, often go back have gone on to play in the Na - Emeritus of Tufts University in Boston Scientific’s chairman, a SFSU Alumnus of the year in smile on your face. 300-plus years: truly humbling tional Football League. Boston, MA, Chairman of the year ahead of his intended re - 1989 and one of its 11 Distin - DeJoria has also been quoted heritages. We are proud of the Spanos, one of the largest Board of Overseers for the tirement. President & CEO Mike guished Centennial Alumni in telling a story that when he was many brands we have been as - single private contributors to the School of Medicine at Tufts Uni - Mahoney, who succeeded 1999. He and his wife, Judy, 5, his mother didn’t have sociated with, as well as our Republican Party during Presi - versity, Member of the Columbia Nicholas as Chairman, said this helped create SFSU’s Interna - enough money to buy her sons non-consumer deals, such as dential election years, helped University Medical Center Board about his predecessor: “These tional Center for the Arts with a Christmas presents. As they National Waterworks, a very raise over $2 million for Sen. of Visitors, and Member of the changes represent a major mile - $3 million gift. Marcus also walked through downtown Los successful transaction of a com - John McCain’s 2008 Presidential Board of Overseers of the Weill stone in the history of the com - helped develop SFSU’s Greek Angeles, his mother pointed to pany purchased from France’s bid. President Bush appointed Cornell Medical College and pany, as Pete’s dedication, pas - Studies program, and chairs its a woman wearing a navy blue Vivendi, and ultimately sold to Spanos to the Kennedy Center Graduate School of Medical Sci - sion and commitment were Modern Greek Studies Founda - suit ringing a bell. “Boys,” his Home Depot. board in 2004. instrumental in bringing the tion, which supports the Nikos mother said, “I’m giving you a “My sons, Evan and Daren, Spanos has also contributed benefits of interventional medi - Kazantzakis Chair for Modern dime. See that lady ringing the have been the creative catalysts millions to schools, hospitals cine to patients in need. Under Greek Studies. bell? Put this in her bucket.” De - for repositioning and reinvent - and charity. He received the Pete’s leadership, Boston Scien - In 2008, Marcus co-founded Joria didn’t understand; 10 ing these brands, including Medal of the Commander of the tific has become a leading global the National Hellenic Society. cents was a lot for a kid who product and packaging innova - Order of Honor from Greek healthcare corporation serving Along with another Greek- didn’t have much in 1950. Why tions, unique, targeted and President Karolos Papoulias in 22 million patients each year, American couple, George and did he have to give it away? highly relevant marketing cam - 2008. and we are deeply indebted for Judy Marcus opened the suc - “That’s the Salvation Army. They paigns, both with traditional In 2002, Spanos published his decades of service and love cessful Evvia restaurant in Palo need it more than we do,” was and social media as well as his autobiography, Sharing the of the company.” Alto in 1995, and its sister her reply. From that experience, highly unusual partnerships Wealth: My Story. He was in - restaurant Kokkari in San Fran - he learned that “success un - with professional athletes such ducted into the Order of St. An - cisco in 1999. Known for its rus - shared is failure.” as The Rock, Mankind, Jeremy drew/Archons of the Ecumeni - 10. GEORGE M. tic and elegant cuisine and en - The vast list of charities sup - Shockey, and Clinton Portis cal Patriarchate in 1972, and vironment, Kokkari enjoys its ported by John Paul Mitchell among others, including numer - was awarded the Order’s MARCUS standing as the premier Greek Systems includes the Boys & ous celebrities, feature film and Athenagoras Human Rights $2.2 BILLION (Primary) restaurants and a favorite of the Girls Clubs of America, the TV programs as well as day and Award in 2004. One of the REAL ESTATE local Democratic establishment. American Cancer Society, night show appearances. In ad - founding members of the Greek He is a graduate of the Har - Food4Africa, Grow Appalachia, dition, they have generated Orthodox Archdiocese’ Leader - Born George Moutsanas in vard Business School’s Own - and Chrysalis, a nonprofit group many award-winning ads in - ship 100, he has served as chair - ences. He also served as a di - Euboea, Greece, George Marcus, ers/Presidents Management that helps homeless and low-in - cluding two of the most highly man of Faith: An Endowment rector of the Onassis Public Ben - 75, together with his partner, Program and the Georgetown come people get back on their profiled – one that eclipsed, for for Orthodoxy and Hellenism efit Foundation (USA) and Vice William A. Millichap, is founder University Leadership Program. feet and find the path to self- example, the 2013 Super Bowl and as president of the Arch - President of the Greek Orthodox and chairman of Marcus & Mil - Among Marcus’ professional sufficiency. DeJoria is also a pa - with a $1,500 Will Ferrell ad, diocesan Council. Archdiocesan Council. He was lichap Company (MMC), one of memberships are the Board of tron of Mineseeker, a non-profit and a Hungry-Man ad incorpo - He and his wife, Faye, with one of the original founders of the country’s premier providers Regents of the University of Cal - organization dedicated to seek - rating several NFL stars.” whom he celebrated 68 years of Leadership 100 and Faith: An of investment real estate bro - ifornia, the Real Estate Round- ing solutions to the worldwide Among the well-known busi - marriage in 2016, have four Endowment for Hellenism and kerage services, and the parent table and the Policy Advisory problem of landmines. In 2006, nesses Metropoulos & Company children,15 grandchildren, and Orthodoxy. company of a diversified group Board of the University of Cali - he was appointed Admiral by have owned include Stella several great-grandchildren. Jaharis’ wife, Mary, continues of real estate, service, invest - fornia in Berkeley’s Center for the governor of Texas, and he Foods, Morningstar Group, Ghi - After completing the 2016 to live in New York. They have ment and development firms. Real Estate & Urban Economics. received the Citizen of the Year rardelli Chocolate Company, Del football season in San Diego, two children and five grandchil - MMC’s featured company, Mar - In February 2017, The Na - Dolphin Award from The Malibu Monte Mexico, Pinnacle Foods the Chargers are front and cen - dren. The Mary Jaharis Center cus & Millichap Real Estate In - tional Herald reported that Mar - Times. DeJoria was also hon - (now a multi-billion dollar pub - ter in football headlines as they continues to support book- vestment Services, has estab - cus donated $1 million to the ored with the Sustainability lic company), International have made the move to Los An - length publications or major ar - lished itself as a leading real Hellenic College and Holy Cross Award for his dedication to en - Home Foods, and Hillsdown geles. ticles in the field of Byzantine estate firm with more than Theological School (HCHC) in vironmental preservation at Holdings, an $8-plus billion U.K. studies broadly conceived. 1,200 brokers in markets Massachusetts. There is a full Fashion Group International’s holding company taken public Grants are aimed at early career throughout the United States. feature interview with George 25th annual Night of Stars in 2004 and today is the largest 8. JAHARIS FAMILY academics. With dozens of offices across Marcus in this issue. event, and was inducted as a U.K. food business. the United States and Canada, lifetime member into the Hora - The Greek-born Metropoulos $2.35 BILLION (TNHE) the firm concentrates on invest - tio Alger Association of Distin - moved to the United States with PHARMACEUTICALS 9. PETER NICHOLAS ment brokerage, and provides 13. PETER G. ANGELOS guished Americans in honor of his parents at age 9. Typical of financing and research services his journey to overcome humble many immigrants, his parents The Jaharis Family Patriarch, $2.3 BILLION (AffluenceIQ) to both buyers and sellers. Mar - $2.1 BILLION (Vipfaq) beginnings to achieve success. worked hard and encouraged Michael, passed away in early cus & Millichap Real Estate In - LAW, MAJOR LEAGUE He and his third wife, the for - their children to pursue their 2016 at age 87. He founded Key Peter Nicholas, 75, co- vestment Services went public BASEBALL mer Eloise Brady, are based in dreams. He remains ever-grate - Pharmaceuticals, Kos Pharma - founded the medical device with 6 million shares in October Austin, TX. He has four children, ful and humble for their sacri - ceuticals, & Vatera Healthcare company Boston Scientific with 2013, generating net proceeds Peter G. Angelos, 86, is an one of whom is professional fices and commitment. Partners. scientist John Abele in 1979, af - to the company of about $34.6 attorney and is best known for drag-racer Alexis DeJoria. After graduate school, The son of Greek immi - ter meeting Abele at a children’s’ million. In November 2014, the being owner, chairman and CEO Metropoulos joined GTE Inter - grants, Michael Jaharis was soccer game. company reported profits for the of Major League Baseball’s Bal - national as director of finance born in Chicago, IL. He earned A graduate of Duke Univer - third quarter of 2014 at $13.5 timore Orioles. He bought the 6. C. DEAN for Europe, Middle East and a bachelor’s degree from Carroll sity, Nicholas went on to earn a million, up from $7.3 million for Orioles in August 1993, leading Africa residing in Geneva, University in Wisconsin, served MBA from the University of the same period of the previous a group of investors including METROPOULOS Switzerland, and later returning in the U.S. Army Medical Corps Pennsylvania’s prestigious year. It reported more than prominent Marylanders, includ - $2.5 BILLION (Forbes) to the United States to become during the Korean War, and later Wharton School of Business. He $435 million revenue for the ing novelist Tom Clancy, in pur - MANAGEMENT, GTE’s youngest senior vice pres - attended night school at DePaul is Chairman Emeritus of Duke’s 2013 fiscal year, a 13 percent chasing the team for $173 mil - ACQUISITIONS ident responsible for their inter - University to earn a law degree Board of Trustees. In 1996, increase from 2012. In 2015, lion, a record price at the time. national business, including op - while working as a sales repre - Nicholas gave $20 million to due to the company’s success, The Orioles enjoyed some Dean Metropoulos, age 69, erations in 62 countries. In sentative for Miles Laboratories. Duke for its School of the Envi - Marcus’ net worth catapulted success early under Angelos’ is Chairman and CEO of October, his son Daren pur - In 1972, Jaharis and partner ronment, which was named in him from millionaire to billion - ownership, making the postsea - Metropoulos & Company, a bou - chased the legendary Playboy Phillip Frost acquired Key Phar - his honor. Since then, he and aire. son as a wild card team in 1996 tique buyout and management Mansion in Los Angeles, CA for maceuticals and transformed his wife, Virginia (Ginny) Lilly, The two partners launched a and winning the American firm. He remained very high on $100 million. the small cold remedies pro - have made other gifts of tens of new business model nearly four League East Division title in the list, as a result of his $2.5 ducer into a prominent com - millions of dollars to Duke. decades years ago, based on 1997. But manager Davey John - billion estimated worth, slightly pany with cutting-edge, top sell - Ginny is the great-grand - matching each property with the son resigned after the 1997 sea - up from last year’s $2.4. 7. ALEX G. SPANOS ing asthma and cardiovascular daughter of Eli Lilly, founder of largest pool of pre-qualified in - son, and 14 straight losing sea - In July 2013, Metropoulos drugs. Under Jaharis’ leader - the pharmaceutical giant Eli vestors. In 2013, Marcus & Mil - sons ensued. As of late, their paid $410 million to buy Host - $2.4 BILLION (Forbes) ship, Key’s sales increased 100- Lilly & Company, where lichap closed more than 6,600 fortunes climbed, as they ess Brands and return Twinkies REAL ESTATE, fold before the company’s $836 Nicholas worked prior to found - investment transactions for pri - clinched the division in 2014 to grocery shelves after the com - PROFESSIONAL FOOTBALL million merger with Schering- vate and institutional investors. and just felt short of repeating pany had filed for bankruptcy Best known throughout the Plough in 1986. Two years later, Included in these transactions in 2015, but made the playoffs protection and closed its doors. sports world as owner of the Jaharis launched Kos Pharma - were shopping centers, office again in 2016. The Orioles’ Hostess has made a remarkable NFL’s San Diego Chargers, Alex ceuticals, which pioneered the and industrial buildings, apart - worth has jumped 60% in two turnaround and Metropoulos G. Spanos, 93, continues to add HDL cholesterol market with its ment properties, single-tenant years, to close to $1 billion. made news this past July by an - to his net worth, finishing at good cholesterol-raising drug net-lease properties, hotels/mo - Angelos was born in Pitts - nouncing the intention to take $2.4 million in 2016, according Niaspan, before being sold to tels, senior housing facilities, burgh, PA on July 4, 1929, to the company public. to Forbes. Abbott Laboratories in 2006 for manufactured home communi - immigrants from the island of He sold Pabst Brewing for an Spanos, also founder of the $4.2 billion. ties, self-storage facilities, golf Karpathos. He went to Balti - estimated $750 million in Sep - real estate development com - He remained Chairman and resort properties and land. more at age 11, where his fam - tember 2014, nearly tripling his pany A.G. Spanos, is the son of Emeritus of the Kos board until The company earned a place - ily settled in the Highlandtown 2010 investment. His sons, Greek immigrants. He began his his passing. ment in Information Week mag - section. He graduated from Evan, 35 and Daren, 32, are and career as a baker, but in 1951 In 1999, Jaharis founded azine’s 2014 Elite 100, a list of Eastern College and the Univer - have been an integral part of used an $800 loan to purchase Arisaph Pharmaceuticals Inc., a the top business technology in - sity of Baltimore School of Law, the turnaround of the acquired a panel truck and began selling privately held drug discovery novators in the country, for the where he was class valedicto - companies. Pabst remains one sandwiches to farm workers. He and biotech company, and had ninth consecutive year. rian, and went onto a lucrative of the fastest-growing brewing then used his profits to invest served as director since 2005. Marcus is also chairman of career in trial law, specializing companies in the United States, in real estate, and by 1960, he Jaharis was founder of Vat - Essex Property Trust, a publicly in cases involving harmful prod - if not the fastest. had an incorporated business. era Healthcare Partners LLC, a held, multi-family real estate in - ucts, professional malpractice, Metropoulos is very well Today, his firm A.G. Spanos is venture capital firm focusing on ing Boston Scientific. vestment trust (REIT). Located and personal injury. known in the private equity, in - one of America’s largest housing the healthcare industry, which Boston Scientific is a world - in Palo Alto, Calif. and traded His firm, the Law Offices of vestment banking, and financial developers, and is one of the is a key investor in Arisaph. Vat - wide developer, manufacturer on the New York Stock Ex - Peter G. Angelos, has attorneys community, having spent nearly largest family-owned construc - era is also the lead investor in a and marketer of medical devices change, Essex is a fully inte - and locations in Maryland, three decades acquiring, restruc - tion and property management number of biotech/specialty whose products are used in a grated REIT that acquires, de - Delaware, Pennsylvania, and turing and growing nearly 80 companies in the nation. It has pharmaceutical companies, in - range of interventional medical velops and redevelops Tennessee. Angelos began work - different businesses involving cluding Melinta Therapeutics, specialties, including interven - apartment communities in se - ing as a criminal defense lawyer approximately $14 billion in which is developing life-saving tional radiology, interventional lect west coast communities. following graduation. For most capital in the United States, antibiotics, and ImmusanT, cardiology, peripheral interven - The company, according to its of his legal career, he was a suc - Mexico and Europe. Many of which is developing a novel tions, neuromodulation, neu - website, currently has owner - cessful attorney representing these were subsequently taken treatment for celiac disease. In rovascular intervention, electro - ship interests in 140 apartment Baltimore labor unions and their public or sold to strategic ac - June 2013, Pearl Therapeutics, physiology, cardiac surgery, communities. Marcus is also one members through his own pri - quirers. in which Vatera was the largest vascular surgery, endoscopy, on - of the original founders of Plaza vate practice, which he founded “We love acquiring and investor, was acquired by As - cology, urology and gynecology. Commerce Bank and Greater in 1961. Beginning in the 1980s, transforming undermanaged traZeneca for $1.15 billion. The company is primarily Bay Bancorp. He served on he refashioned his firm’s focus companies by investing heavily Proud supporters of Hel - known for the development of Greater Bay’s board of directors from criminal law to civil class in operating efficiencies, sys - lenism, Jaharis and his wife, the Taxus Stent, a drug-eluting until it was sold to Wells-Fargo action suits. His law firm and tems, new products and inno - Mary, have been longstanding stent which is used to open in 2007 for $1.5 billion. wealth expanded exponentially vation,” Metropoulos says, “and major benefactors of the New clogged arteries.[6] With the Marcus came to San Fran - in 1982, when he represented unique marketing, thus turning York Metropolitan Museum of full acquisition of Cameron cisco from Greece at age four. 8,500 plaintiffs – the largest them into vibrant, growing busi - Art, the Art Institute of Chicago, Health in June 2012, the com - He completed his undergradu - number of plaintiffs ever – in nesses. We have been particu - The Metropolitan Opera and pany also became notable for ate studies in Economics at San asbestos litigation and won. He larly privileged and fortunate to many cultural, religious, higher offering a minimally invasive Francisco State University in just reportedly made over $100 mil - acquire and revitalize brands education, and healthcare insti - implantable cardioverter-defib - two and a half years, and lion on this one case. Angelos THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 19

In 2013, the foundation devel - ored by the city of Costa Mesa, chaired the Federal Reserve oped the Beckman-Argyros CA in May with a Lifetime Bank of New York from 2000 to Award in Vision Research. The Achievement Award for service 2004. He is the author of several annual award offers a $100,000 to the community. books, including a 2009 mem - prize and a $400,000 research oir, The Education of an Ameri - grant to an individual who has can Dreamer: How a Son of made a significant achievement 13. ALEC GORES Greek Immigrants Learned His in vision research. Way from a Nebraska Diner to In 2001, then-President $2.1 BILLION (Forbes) Washington, Wall Street, and George W. Bush appointed Ar - TECHNOLOGY, LEVERAGED Beyond, and speaks frequently gyros U.S. ambassador to Spain. BUYOUTS about issues of fiscal responsi - Years later, Argyros hosted a bility. $25,000-per-couple dinner for Alec Gores, 63, like his In 1981, Peterson created the U.S. Senator and then-presiden - brother Tom (also featured in Institute for International Eco - tial hopeful John McCain (R- this edition) was born to a nomics to study international AZ) at his home in 2008. Argy - Greek father and Lebanese economic policy and “develop ros also served on the Federal mother, in Nazareth, Israel. The and communicate practical new was also enormously successful 61% in two years, from $620 Home Loan Mortgage Corpora - family moved to Genesee, MI approaches” to global problems. in suing Wyeth, the makers of million to over $1 billion. tion (FreddieMac) under Presi - when he was a teenager. It was renamed the Peter G. Pe - the diet pill fen-phen, and rep - dent George H.W. Bush. "My father was willing to terson Institute for International resenting the state of Maryland A resident of Harbor Island give up literally everything he $2 BILLION (Forbes) Economics in 2006. as lead attorney in a lawsuit 13. AMB. GEORGE L. in Newport Bay, CA, Argyros is had [in Israel] and pack his bags INVESTMENT Peterson devotes a great deal against tobacco company Philip a recognized business leader and bring us here," Gores told of his time to his foundation and Morris. The agreement had stip - ARGYROS and philanthropist. He was the Forbes in October, 2016. "He did Peter G. Peterson has gone other charitable activities. Es - ulated that he would receive $2.1 BILLION (Forbes) 1993 recipient of the Horatio it for the kids, to make sure we down in rankings on this list tablished in 2008, the Peter G. 25% of the recovery, but when REAL ESTATE, SPORTS Alger Award of Distinguished have a better future." over the years, much to his Peterson Foundation is a non - it came to $4.5 billion, Mary - Americans, and a 2001 recipient The elder Gores, Charlie, em - credit – because he has given partisan organization dedicated land refused to pay; Angelos’ George L. Argyros is well of the Ellis Island Medal of phasized hard work and an ap - away a good amount of his to increasing public awareness team settled for $150 million. known in a wide variety of Honor. Chapman’s School of preciating for the opportunities money to philanthropic causes of the nature and urgency of key It was after that he became a prominent circles, as his long Business and Economics was re - the United States presented, his – though he climbed back up a fiscal challenges threatening major player in the Baltimore and illustrious life has included named in his honor in 1999. He son told Forbes. "The day we bit, to $2 billion, in 2016. Hav - America's long-term future, and community. Commenting on achievements ranging from real has served on the board of landed in America, my dad sat ing served as U.S. Secretary of to accelerating action on them. winning settlements of that size estate, to sports, to international us down and he said, 'This is Commerce under President The Foundation works with on behalf of governmental enti - diplomacy. your new country. You have to Nixon, Peterson made his for - leading thinkers, policy experts, ties, Angelos said, “If you get Argyros served as US Ambas - respect it. You have to embrace tune as the co-Founder and for - elected officials and the public that kind of a fee, you’re funda - sador to Spain and owner of the it'," Gores remembers. His dad mer chairman of the Blackstone mentally taking it from the pub - professional baseball team Seat - added: "You've got to work hard, Group, one of the world’s largest lic interest.” tle Mariners. But Argyros, 80, and you can do anything you investment firms with 25 offices A lifelong Democrat, he won made his fortune in grocery want in this country." around the world. election to the Baltimore City stores and real estate. Today, Gores heads the Bev - Peterson co-founded Black - Council and served on the A second-generation Ameri - erly Hills-based private equity stone with Stephen Schwarz - Council from 1959 to 1963. He can of Greek descent, he was firm The Gores Group, which man in 1985. The firm’s private ran for mayor as an indepen - born in Detroit, MI and raised has $2.5 billion in assets. equity funds own or have inter - dent in 1964, but lost. He has in Pasadena, CA. He earned a After graduating from West - ests in 80 companies. The com - been an active supporter of na - bachelor’s degree at Chapman ern Michigan University with a pany went public in June 2007 tional Democratic candidates. University in Orange, CA. Argy - degree in computers, he at $31 a share. Peterson retired Locally, in 2006, he publicly sup - ros went into real estate in founded Executive Business Sys - from the company in late 2008, ported the Republican incum - 1962, selling land at busy inter - tems in 1978, for $10,000, and selling most of his shares and bent, Bob Ehrlich, for governor sections to gas stations. Today, was selling computers out of his receiving $1.85 billion in cash of Maryland and criticizing De - his privately held Arnel & Affil - basement. His father “gave me upon exiting, before taxes and mocratic candidate Martin J. iates owns and manages 5,500 his last $8,000 and had me go meeting several trust and char - O’Malley, who won the election. apartments and 2 million square trustees for several community buy a demo machine," Gores itable obligations. Angelos has been active in feet of commercial space. organizations, including the Cal - told Forbes. "That's what I Peterson released his newest charitable programs in the city In 1987, Argyros founded ifornia Institute of Technology, needed to start the business." book Steering Clear: How to and state. He enjoys horse rac - Westar Capital, a private equity the Beckman Foundation, the He grew the company tremen - Avoid a Debt Crisis and Secure ing and owns thoroughbred firm. He is a director of First Horatio Alger Association, and dously, and sold it in 1986 to Our Economic Future (Portfo - horses. He has given $10 million American Financial Corp and Chapman University. Contel for approximately $2 lio/Random House) in 2015, in to build support for efforts to to his alma mater; in return, the Pacific Mercantile Bancorp. For - Argyros sold the Mariners in million. which he contends that we must put America on a fiscally sus - new law school building bears merly the largest shareholder 1989, after trying to move them In July, he joined C. Dean address our long-term fiscal tainable path. Since 2010, it has the name of his parents. The and a board member of Kansas elsewhere, and had also pur - Metropulos, also featured in this challenges in order to secure a hosted an annual Fiscal Summit John and Frances Angelos Law software developer DST Sys - sued purchase of the San Diego edition, to take the food snack growing and prosperous econ - dedicated to addressing the na - Center at the University of Bal - tems, he sold off the bulk of that Padres. In January 2012, Argy - giant Hostess public. omy. tion’s long-term debt and eco - timore opened in April 2013. stock in 2014, reducing his ros became a member of the Gores famously lost over $17 The son of Greek immi - nomic future. Participants in - The same year, he gifted $2.5 shares from 20 percent to 4 per - Board of Regents of the Orange million in a three-day backgam - grants, Peterson grew up in Ne - clude former President Bill million to the MedStar Franklin cent of the company’s stock. He County Council Boy Scouts of mon series to fellow billionaire braska. He studied at North - Clinton, Rep. Paul Ryan (R- Square Medical Center in Balti - also retired from the board. America. In April 2011, he and JP McManus in 2012, the Inde - western University, where he Wisc.), Bill Gates, and New Jer - more to open a lung disease Argyros developed a friend - his wife made a $5 million gift pendent reported, and Gores graduated summa cum laude, sey Gov. Chris Christie. In 2014, center. ship with scientist/inventor to an ambulatory surgery center promptly “paid up like a gent.” and earned his MBA from the Peterson took part in the 3rd an - Angelos and his wife, Geor - Arnold Beckman in California in at the University of California. The father of five, Gores is University of Chicago with hon - nual Forbes 400 Summit on gia, have two sons: John, who 1962. Soon afterward he began He is an Archon of the Ecumeni - married to Kelly Noonan. ors. He was CEO of Bell and Philanthropy, which gathered serves as the Orioles’ executive a 22-year service as chairman cal Patriarchate’s Order of St. Howell from 1963 to 1971. In philanthropists, entrepreneurs, vice president and Louis, an at - of the board of the Arnold and Andrew the Apostle. Argyros addition to his tenure as Secre - and public officials to discuss torney at the family law office. Mabel Beckman Foundation, and his wife, Julia, have three 14. PETER G. tary of Commerce, Peterson be - how to improve education in the In 2016, Forbes reported that which awards research grants in children and seven grandchil - came chairman of Lehman the Orioles’ value had increased chemistry and the life sciences. dren. The Argyrores were hon - PETERSON Brothers in 1973. He also Continued on page 20

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Continued from page 19 behavior." Timely advice, per - London and New York, a Lon - tals, the Boston Ballet, and the haps, as 2016 ended and the don-based interior design prac - 17. DR. P. ROY Boston Museum of Science, U.S. and around the world. new year began with a bull mar - tice, and a holding in COCO- Transfiguration Greek Orthodox The Foundation, staunchly ket. MAT, the leading Greek VAGELOS Church in Lowell, Mass., Bent - anti-deficit, was not encouraged manufacturer of sustainably- $1.39 (TNHE) ley University and Boston Col - that things would look brighter sourced mattresses and other PHARMACEUTICALS, lege. The greatest beneficiary, in that respect as 2017 ap - 16. LOGOTHETIS sleep products. HEALTHCARE however, is the Lowell Plan, an proached. Libra Capital is the in-house Dr. Pindaros Roy Vagelos economic-development organi - Peterson now resides in New FAMILY investment management com - earned a medical degree over zation for the city, which has re - York. He is married to Joan $1.5 BILLION (TNHE) pany, and Libra Group Services half a century ago. Since then, ceived well over $10 million in Ganz Cooney, founder and for - SHIPPING/AVIATION/ the in-house legal and adminis - he has had a long and distin - the last decade. mer chairman of Children’s Tele - REAL ESTATE/ENERGY/ trative and corporate support guished career in healthcare, Market Basket celebrates its vision Workshop (“Sesame HOSPITALITY company. and particularly in pharmaceu - 100th anniversary this year. Street”), he has five children Logothetis and his wife, the ticals. He served as Chairman and several grandchildren. This year we have listed the former Nitzia Embiricos, are and CEO of pharmaceutical gi - Logothetis family collectively, based in New York City and have ant Merck & Co. from 1985 to 19. KOSTA & TOM which best reflects their accom - two sons and a daughter. George 1994. He joined the worldwide 16. JAMES S. CHANOS plishments and impact. and Nitzia founded Seleni Insti - health products firm in 1975 as KARTSOTIS George M. Logothetis, 42, is tute in 2011 with the aim of ad - senior vice president of re - $1.02 BILLION (TNHE) $1.5 BILLION (Investor the founding chairman and CEO dressing maternal mental health search, and became president of WATCHES, LEATHER Almanac) of Libra Group. The conglomer - through research, support, and its research division in 1976. ACCESSORIES INVESTMENT ate consists of 30 subsidiaries advocacy. Also in 2011, the Starting in 1982, he served as dren. with companies operating across group created an International senior vice president of strategic As The National Herald re - Kosta Kartsotis, 63, and Tom James S. Chanos, 59, is in - 35 countries. He founded the internship program which now planning. He continued to hold ported in May 2016, upon the Kartsotis, 56, are founders of the formally known as “Wall Street’s privately owned group with his gives over 120 people per year both positions until 1984, when Vageloses’ generous bequests to Fossil Group, Inc., whose brand most notable bear.” Founder brother Constantine in 2003. the opportunity to work at the he was elected executive vice the University of Pennsylvania, is widely associated with and President of Kynikos Asso - Today George Logothetis is group’s key locations around the president. He is now 87 years Barnard College, and Columbia watches, jewelry, and other ac - ciates, Chanos heads the world’s based in New York, while Con - world. old. University, their philosophy is cessories, as well as clothing. biggest short-selling hedge fund. stantine, who is Executive Vice Logothetis is also chairman Before assuming broader re - simple: “giving back.” Kosta serves as chairman and He is renowned for predicting – Chairman of the group, is based of the Concordia Leadership sponsibilities of business lead - CEO; Tom still owns a small and profiting from – the 2001 in London. The diversified group Council. Concordia is a nonprofit ership, Vagelos had won scien - stake, but in 2003 founded Enron Corporation scandal. His was built on the decades of work organization whose mission is to tific recognition as an authority 18. DEMOULAS FAMILY Bedrock Manufacturing, a speculations catapulted him into of their father, shipowner identify new avenues of collab - on lipids and enzymes, and as a Texas-based private equity and billionaire status last year, Michalis G. Logothetis, who is oration for governments, busi - research leader. This followed a $1.25 BILLION (Affluence IQ) brand management firm. Based where he has remained. on the Libra Group’s board and nesses, and other nonprofits by decision early in his career to SUPERMARKETS in Richardson, Texas, Fossil is Chanos is a second genera - is a senior advisor. A series of convening global leaders and de - put his principal energies into valued at $4.35 billion and is tion Greek-American who grew strategic steps by the younger veloping new research products. research, rather than the prac - The Demoulas family, one of on Forbes’ Global 2000, a list of up in Milwaukee, WI. His father generation allowed them to ex - The organization, which was co - tice of medicine. Vagelos, whose America’s richest families, is dif - the world’s biggest public com - owned a chain of dry cleaner tend into new areas at a time founded by Nicholas Logothetis, parents were born in Asia Minor ficult to gauge, both in terms of panies. With 400 retail locations store in Milwaukee and his when many shipping companies promotes effective public-private and emigrated to the US in the net worth and current status of and more than 14,000 employ - mother worked as an office were strained. Despite the finan - collaboration to create a more 1920s, earned his bachelor’s de - control of their lucrative Market ees, the company sells its prod - manager at a steel company. He cial crisis, the Libra group com - prosperous and sustainable fu - gree with honors in 1950 from Basket Supermarket chain. ucts in 120 countries around the founded Kynikos Associates (in panies have acquired $7 billion ture, and convenes leaders from the University of Pennsylvania. Nonetheless, the family’s history world. Greek, “kynikos” means cynic) of assets over the past several around the world at its Annual He earned a medical degree and contributions is notable. Last year, Fossil announced in 1985 after a Wall Street ca - years. Summit. Logothetis delivered re - from Columbia University in Their supermarket empire be - a 10-year licensing agreement reer as a financial analyst with Logothetis launched his ca - marks at Concordia’s last four 1954. After an internship and gan in 1917, when Greek immi - with the designer brand Kate Paine Webber, Gilford Securities reer at the family business in Annual Summits. residency at Massachusetts Gen - grants Athanasios (Arthur) and Spade New York, in which Fossil and Deutsche Bank. Jim Levitas, London in 1993, when he joined In November 2012, Libra eral Hospital in Boston (1954- Efrosine Demoulas opened a will assume the design, devel - his former boss, partnered with Lomar Shipping, the group’s UK- launched the Hellenic Entrepre - 56), he joined the National In - small market selling fresh lamb opment and distribution of Kate Chanos to launch Kynikos Asso - based ship owning and manage - neurship Award, on behalf of stitutes of Health (NIH) in in Lowell, MA. In 1950, the orig - Spade’s watch business. The ciates with $16 million. A year ment group, which at the time The Hellenic Initiative, which is Bethesda, Md. At NIH from inal store model was revamped first collection of watches under later, Levitas, unable to endure had just two ships. In 1995, at chaired by Andrew Liveris, who 1956 to 1966, he served in the and premiered as the DeMoulas the agreement is planned for a the stress of short selling, left the age of 19, he became its National Heart Institute, holding Superette. Arthur turned the 2016 launch and will be avail - the company. Kynikos has offices CEO. Under his leadership, Lo - positions in cellular physiology business over to his two sons, able in Kate Spade New York in New York and London. mar expanded the numbers of and biochemistry – first as se - George and Telemachus (Mike) stores and in retail stores Chanos has a long and dis - ships they owned many times nior surgeon, then as head of in 1954. The following year, the around the world. tinguished history of making over. Then Lomar sold 67 of section of Comparative Bio - Superette was tripled in size and In 2013, Tom Kartsotis’ shrewd predictions, having them during the shipping boom chemistry. In 1966, Vagelos became DeMoulas Super Mar - Bedrock and Swiss movement identified several financial melt - between 2004 and 2006, invest - joined the Washington Univer - ket. Over the next 17 years, the maker Ronda embarked on a downs such as Boston Chicken, ing the profits in many non-ship - sity in St. Louis School of Medi - two brothers converted the joint venture to create Shinola, Conesco and Tyco International. ping sectors. Finally, in 2009, Lo - cine as chairman of its Biologi - lamb shop into a successful gro - a Detroit-made watch collection. In 2000 he started investigating mar acquired Allocean Group for cal Chemistry Department cery store chain of 15 stores. Its Gomelsky model, a 36-mm Enron. In 2001, predicting the $325 million, which was consid - where he founded the division The brothers each signed a will cushion-shaped, coin-edge company’s financial problems, ered a bargain price. During of Biology and Biomedical Sci - naming the other as executor of ladies’ quartz watch priced at he became Enron’s short seller. 2013, Lomar continued to ex - ences. his estate, and reportedly $400 to $600, landed on Forbes’ By the time the Enron scandal pand its fleet, which now com - The author of several books, was public, Kynikos Associates prises almost 100 vessels includ - including an autobiography, ing orders for more than 35 “Medicine, Science and Merck,” modern, fuel-efficient Ultramax and more than 100 scientific pa - and container ships made in pers, he was elected to the China. In total, Lomar has spent American Academy of Arts & $2 billion on buying 125 ships is also featured in this issue. Li - Sciences and the National Acad - over the past five years. bra has committed €10 million emy of Sciences in 1972, and to The group followed a similar to the award, which has created the American Philosophical So - pattern with its aircraft leasing many hundreds of jobs in ciety in 1993. He has received business, Dublin, Ireland-based Greece. Winners receive busi - honorary degrees from 14 insti - Lease Corporation International ness start-up funding, as well as tutions, including the University (LCI). The company was mentoring and business support of Pennsylvania, Columbia, Har - launched in 2004, only to sell from Libra Group and its sub - vard, Princeton and Washington its entire 21 aircraft fleet in 2007 sidiaries. Universities. for $1 billion. The company then In 2016 Libra operated the After retiring from Merck, invested in a new fleet of some first American Entrepreneurship Vagelos was chairman of the 35 aircraft leased to companies Award focusing on budding en - University of Pennsylvania’s including Singapore Airlines, trepreneurs in The Bronx, New board of trustees from 1994 to Arthur T. Demoulas (left) and Arthur S. Demoulas. British Airways and Air France. York and Miami-Dade County, 1999, having served as a trustee agreed to divide the business list of “20 Watches that Im - In early 2012, LCI signed a $400 Florida. Entrepreneurship since 1988. He was also presi - equally between their two fam - pressed in 2013.” Today at its profited greatly. Financial mag - million order with AgustaWest - awards are just one aspect of Li - dent and CEO of the American ilies in the event of one of their downtown Detroit factory, Shi - azine Barron’s mentioned his land helicopters, which are now bra’s social responsibility com - School of Classical Studies in deaths. Both brothers had four nola produces bicycles, leather early prediction of Enron’s fall being leased to leading opera - mitments which seek to deliver Athens from 1999 to 2001. He children, and both named a son goods, and shoe polish along as “the market call of the tors across the world. The com - educational opportunity, busi - served on the National Research Arthur, after their father. From with hand-assembled watches, decade, if not the past fifty pany’s aviation leasing division ness opportunity, and acts of hu - Council Committee on Science their youth, both cousins and projects $80 million in gross years.” Later on, he successfully has acquired aircraft valued at manity towards people who are & Technology for Countering (George’s son Arthur S. De - sales for its first 18 months of predicted Sotheby’s stock drop $6 billion since its formation. To neglected, marginalized or un - Terrorism in 2002 and on the moulas and Mike's son Arthur production. Bedrock also pur - – it plummeted in November deepen its commitment to the der-served. The group’s latest National Academy of Sciences, T. Demoulas) followed their fa - chased the Seattle-based C.C. 2007 from $57 to $10. He even rotary wing sector, LCI an - program, The HOME Project, ad - National Academy of Engineer - thers in the family business. Filson, an outdoor apparel and foresaw the global financial nounced a partnership with KKR dresses the refugee crisis and ing and Institute of Medicine In 1971, George, then 51, accessories manufacturer, in meltdown of 2008. In April Financial Holdings in 2013, un - seeks to support thousands of Committee that published “Ris - died unexpectedly while vaca - 2012. 2007 at a finance ministers’ con - der which KKR agreed to invest displaced people. In particular, ing Above the Gathering Storm” tioning in Greece with his fam - As the biggest individual ference in Washington, DC, he in excess of $100 million in LCI’s the project is providing safe, pro - in 2005. ily. Mike continued to expand owner of Fossil shares, Kartsotis warned that American banks helicopter leasing division. tected shelters where unaccom - Merck was very respected the chain and began opening has holdings in the company and brokerage firms were highly panied children from the over - under his leadership, having stores under different names, in - worth $495 million. Kosta Kart - vulnerable to a real estate crash Libra Group’s real estate port - crowded camps in Athens and been voted “America’s Most Ad - cluding Market Basket. Tensions sotis, in declining compensa - because of the vast amounts of folio spans much of the planet, the Greek islands can receive the mired Corporation” in the an - began brewing between the two tion, has been featured among dubious mortgages they held. with properties and offices in care and attention that they nual Fortune magazine poll for families and erupted in the Bloomberg’s list of lowest-paid In March, 2006, Chanos cre - North and South America, Asia need. seven consecutive years. During 1990s, when it came to light CEOs whose companies have ated the Coalition of Private In - and Europe. Libra Group owns Logothetis is a member of the his tenure there, Merck devel - that Mike had been secretly the best-performing stocks. vestment Companies, an orga - 50 hotels on five continents. The Board of Directors of the MBK oped the cholesterol-lowering shifting his brother’s half of nization aiming at promoting group’s Grace Hotels brand, Alliance, a nonprofit organiza - statins, MEVACOR and ZOCOR. the company assets into his hedge funds in Washington. Re - which began on Greek islands, tion launched by President Vagelos is sometimes called own name after George’s cently, the lobbying group has is now found around the world. Barack Obama aimed at elimi - the father of pharmacophilan - death. Two decades of law - shifted its attention to Europe. Recent additions include the cel - nating opportunity and achieve - thropy for his decision that suits followed, Mike and He appears regularly in the ebrated five diamond/five star ment gaps for boys and young Merck contribute the drug MEC - his family on one side and American media giving financial Mayflower Inn and Spa in Wash - men of color. TIZAN free to cure millions of George’s heirs on the other. advices and predictions. He has ington, Connecticut, Grace Africans of river blindness. His The feud was settled in De - long been considered a “media Cafayate in the dramatic wine charity work at the University cember 2014, when Arthur operator” with a strong relation - growing region of Northern Ar - of Pennsylvania includes spon - T., who ran the business af - ship with journalists that respect gentina, the under-construction soring scholarship/study pro - ter his father’s death in and promote his ideas. He con - Grace St Moritz in Switzerland grams as well as the Roy and 2003, finalized a buyout of Founded in 1984, Fossil is a tinues to regularly predict that – a transformation of one of the Diana Vagelos Laboratories. The Arthur S., and the rest of designer and manufacturer of China’s economy will crash, town’s historic hotels – and La Diana Student Center, named George’s heirs for $1.6 billion, the aforementioned merchan - partly due to excessive real es - Dolfina Grace, a collaboration after Mrs. Vagelos at her alma according to Forbes. dise, and also sunglasses and tate development. At a Reuters between Grace Hotels and the mater, Barnard College, opened Despite those difficulties, the wallets. Its brands include Fos - Global Investment Outlook sum - La Dolfina polo and lifestyle in 2010. business has flourished. Over sil, Relic, Abacus, Michele Watch mit last October, he estimated brand in Argentina. And in Since 1995, Vagelos has been the past decade it added ap - and Zodiac. Fossil watches are China was building 20 million 2016, Elandis, one of the Libra chairman of biotech company proximately 30 new stores and common in middle-income re - condominiums each year while Group’s real estate subsidiaries Regeneron Pharmaceuticals, a new perishable/produce dis - tail stores, as well as at most de - selling just 4 or 5 million. opened the first hotel in S ão whose revenue more than tribution center, and doubled partment stores. Fossil also Chanos is a graduate of Yale José do Rio Preto, Brazil as part tripled since 2011. He is also sales. Today, the Tewskbury- branched into the sale of leather University, where he studied of a $270 million joint venture founding chairman of Columbia based DeMoulas Market Basket, goods and other accessories in economics and political science. with Hyatt Hotels Corporation University Medical Center’s Inc. owns 75 stores in Massa - the 1990s. The company de - Organizations he supports in - to build nine hotels in key cities board of advisors, and chaired chusetts, New Hampshire, and signs, manufactures and distrib - clude the Washington OXI Day and towns across Brazil. the center’s capital campaign, Maine, employs 27,000 people utes with Burberry, DKNY, Em - Foundation, the George and In addition to solar and other which passed its target of $1 bil - and earns more than $4 billion porio Armani, Columbia Olga Tsunis Center for Hellenic clean energy interests in the lion. In 2010 the couple con - in annual sales. Sportswear, Diesel, Michael Studies at Stony Brook Univer - United States, the group has a tributed the lead gift to Colum - In October 2014, National Kors, Marc Jacobs and Adidas. sity in Stony Brook, NY, and waste-to-energy plant in Green bia University Medical Center Labor Secretary Thomas Perez Fossil also produces collectibles, Faith: An Endowment for Ortho - Bay, WI. and a combined heat for a new medical and graduate spoke at the National Press Club some of which are based on doxy and Hellenism. He was di - and power plant in the Upper education building. He is cur - of Demoulas that he “main - popular films or pop culture vorced in 2006 and lives in New Peninsula of Michigan. Mean - rently on the boards of the Na - tained a family-friendly work characters. It made news in York City with his four children. while, in Greece, Romania and tional Math and Science Initia - environment, paid his workers 2011 by acquiring competitor In June of 2016, he pro - Latvia, Libra Group’s European tive and The Nature well, and contributed gener - Skagen Designs. claimed that “as bull markets go energy arm has invested in solar Conservancy. Between 2005 and ously to their retirement.” Priding himself a creator of on, more and more rational peo - energy parks, wind farms, and 2013, the couple contributed According to the Lowell Sun, American jobs, Kartsotis was ple suspend their sense of dis - biogas plants. $31.6 million to the University two foundations – the featured in Business of Fashion belief and want to get in on all The list of group subsidiaries of Pennsylvania for studies in Telemachus and Irene Demoulas in 2016 for doing just that. BOF kinds of schemes and things that includes Principal Media, which energy research and the life sci - Family Foundation with $61 also mentioned that one of his in more rational times might was founded by travel writer/TV ences. million in assets and the De - employees asked then-Democ - make you want to keep your host Leon Logothetis and has Vagelos is married to the for - moulas Foundation with $30 ratic presidential rivals Hillary money in your wallet. And in - provided TV programming since mer Diana Touliatos. They live million in assets – have donated Clinton and Bernie Sanders creasingly also managers feel 2005. Other investments include in New Jersey and have four millions to Boys & Girls Clubs, what they planned to do to they can get away with brazen financial services companies in children and several grandchil - YMCAs, schools, camps, hospi - bring jobs back to the United THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 21

States. the story of the 1937 invasion welcomed the challenge.” ner of the highly competitive of Nanking, China by the Japan - The subsidiary he launched IRC Zero class featuring four ese army. It premiered at the was called NEES Energy. Then Maxi72s,” wrote TNH, as Scut - 20. TED J. LEONSIS 2007 Sundance Film Festival in 1990, Sakellaris purchased tlebutt originally reported. and won a Peabody Award and NEES Energy and it became the “I would like to congratulate $1 BILLION (Celebrity an Emmy Award in 2009. energy conservation company all competitors for attending Net Worth) Leonsis and his wife, Lynn, he re-named NORESCO. In such a great, great event,” INTERNET, live in Maryland. They have a 1997, he sold that industry-lead - Sakellaris said. “I am glad to VENTURE CAPITAL, son, Zachary, and a daughter, ing independent energy services have been part of it. We got a PROFESSIONAL SPORTS Elle. company to Equitable Resources little bit lucky and won the day, Leonsis made news in No - (EQT), a Fortune 500 company. but this event has many great Ted J. Leonsis, 60, has been vember, 2016 by speculating Sakellaris continued to lead teams and sailors. I am so the toast of our nation’s capital’s that he might move the Capitals NORESCO and was appointed happy; we hope to see you next sports world and isn’t planning and the Wizards to a new arena as a Senior Vice President of Eq - year.” on slowing down anytime soon. in the DC-area, the location not uitable Resources. In January He is the founder, chairman, yet disclosed. Part of the moti - 2000, he left EQT and three CEO and majority owner of vation is to positively transform months later founded Ameresco. 22. GEORGE D. Monumental Sports and Enter - another neighborhood, he told Sakellaris is a Distinguished tainment, which owns and op - the Washington Post. Member Inductee of the Frances BEHRAKIS erates the professional sports Terminal 1 parking structures. Crowe Society at the University $930 MILLION (Affluence IQ) teams Washington Capitals (Na - marketing company. He built Ameresco is also implementing of Maine, which gave him the PHARMACEUTICALS tional Hockey League), Wash - AOL into the first $1 billion in - 21. GEORGE a $63.6 million ESPC for the Edward T. Bryand Distinguished ington Wizards (National Bas - teractive services company and University of Illinois at Chicago. Engineer Award in 2007. In May George D. Behrakis, 83, ketball League), Washington the world’s biggest media com - SAKELLARIS The project is expected to save 2012, the University of Maine Founder and Chairman of Mystics (Women’s National Bas - pany, helping to increase its $963 MILLION (Affluence IQ) the University more than $1.8 granted him an Honorary Doc - Mythos, LLC, a private invest - ketball League) and Verizon membership from fewer than ENERGY, ENVIRONMENT million in avoided energy costs torate for his lifetime of achieve - ment company based in Lexing - Center in downtown Washing - 800,000 to more than 8 million annually for the 20-year term, ments, recognizing his dedica - ton, MA, also serves on the ton, DC. The partnership also in a four-year span (1994-97). George Sakellaris, 71, is and includes energy efficiency tion and exemplary leadership board of the Lexington-based operates Kettler Capitals Iceplex He retired from AOL in 2006 Chairman of the Board, Presi - and infrastructure upgrades to in the field of energy efficiency venture capital firm Gainesbor - (the Washington Capitals’ train - and currently serves as vice dent, and CEO of Ameresco, UIC’s Science and Engineering and renewable energy. His ough Investments, and is a ing facility and front office head - chairman emeritus. which is one of the largest en - Laboratories Complex. awards include winning an renowned philanthropist. quarters) and the George Mason The grandson of Greek im - ergy solutions companies in About sustainability, Sakel - Ernst & Young Entrepreneur of Of all his philanthropic en - University Patriot Center. He migrants, Leonsis was born to a North America. The Framing - laris says: “We have a sharp fo - The Year 2011 New England deavors, the most dear to formed Monumental Sports in family of modest means in ham, MA company specializes cus on our customers’ needs for award, and Business Leader of Behrakis is the anti-smoking June 2010 by merging his Lin - Brooklyn, and spent his early in providing comprehensive ser - comprehensive energy efficiency the Year 2012 for Large Business campaign in Greece he helped coln Holdings LLC and Washing - years there. His family later vices, energy efficiency, infra - services and budget-neutral so - by the Worcester Business Jour - to fund. Approximately seven ton Sports & Entertainment moved back to his mother’s structure upgrades, asset sus - lutions, particularly in today’s nal. In 2009, he received a years ago, he was shocked to Limited Partnership. hometown of Lowell, MA. He tainability, renewable energy, environment of aging infrastruc - Gabby Award (named loosely see two women passing out free After surviving an airplane graduated from Lowell High and energy information man - ture and budgetary constraints. from the acronym “Greek Amer - cigarettes to 11- and 12-year- crash landing in 1983, he re - School in 1973 and attended agement solutions. Born in La - As an entrepreneurial, technol - ica’s Best and Brightest”) from old girls in front of a school in solved to “rethink my priorities Georgetown University. After conia, Greece, Sakellaris ogy-agnostic company, the Greek America Foundation. the wealthy Athenian suburb Ki - and how I planned to lead my graduating in 1977, he moved founded Ameresco in 2000 and Ameresco is in the best position The Web TV station New - fisia. Behrakis gave a $1.8 mil - life going forward,” he ex - back to his parents’ home in took it public 10 years later. To - to offer our customers the opti - GreekTV named him “Greek of plained. He drafted a list of 101 Lowell and began working for day it has dozens of offices mum solutions to suit their re - the Week” in August 2014. goals to accomplish. To date he Wang Laboratories. In 1980, throughout North America and quirements.” He continued, “Be - He supports numerous edu - has completed 82 of the tasks, Leonsis started his own com - Europe and over a thousand em - ing in the service business 'you cational institutions, including including owning a sports fran - pany, which grew quickly, and ployees providing strong local are as good as your people.' We Northeastern University, Holy chise, playing one-on-one bas - sold it to International Thomp - operations. “Green. Clean. Sus - always strive to hire and retain Cross/Hellenic College, and the ketball with Michael Jordan, son for $60 million in 1981. He tainable” is the motto of the the best in our field.” University of Maine. At UMass and starting a family charity then started Redgate, which he company that increases energy After graduating from high Lowell, he established an en - foundation. (See the complete sold to AOL in 1993, commenc - efficiency for federal, state and school in Greece, Sakellaris ar - dowment in memory of his list at tedstake.com.) In 2010, ing his relationship with the local governments, healthcare rived in Bangor, ME, as a college mentor, the late Massachusetts he published The Business of once-pervasive online jugger - and educational institutions, exchange student in 1965 to go Senator Paul Tsongas. In addi - Happiness: 6 Secrets to Extra - naut. He completed his tenure housing authorities, and com - to college. He spoke little Eng - tion, he was a founding member ordinary Success in Life and as AOL’s president and vice mercial and industrial cus - lish when he first enrolled at the of Faith: An Endowment for Or - Work. chairman before stepping down tomers. University of Maine-Orono, but thodoxy and Hellenism, an Ar - Few people have roots as in 2006. Some of Ameresco’s notable worked his way through college chon of the Ecumenical Patriar - deep in the computer industry, In 2015 he became Board projects include a $45 million and earned a BSEE degree, dri - chate, and a major benefactor or as much knowledge and ex - Chairman of the District of Co - Energy Savings Performance ven by a love of mathematics at his local church, St. Catherine perience of its history and po - lumbia College Access Program Contract (ESPC) project with and the sciences. His parents ar - Greek Orthodox Church in tential. A pioneer of the Internet (DC CAP), a private non-profit the U.S. General Services Ad - rived in the US in 1969 and the Braintree, MA. and new media, Leonsis partic - organization that encourages ministration (GSA). ESPC serves family settled in Boston. He An avid sailor, “Sakellaris ipated in launches of the Apple and enables public high school two federal buildings within the then worked at local utility New won the Maxi72 Proteus (USA) lion grant in 2010 to a Harvard MacIntosh, the IBM PC and the students to enroll in and gradu - GSA’s National Capital Region England Electrical Systems 2016 RORC Caribbean 600, the University School of Public Wang office automation. He has ate from college. outside of Washington, DC. In (NEES), earning an MBA and Scuttlebutt Sailing News re - Health study on smoking in led four businesses that have Leonsis is a co-founder and October 2014, Ameresco was MSEE from Northeastern Uni - ported. Sakellaris was awarded Greece. Since then he has do - grown at record rates: he built partner at Revolution Growth chosen to construct a $25.4 mil - versity along the way. Then, the RORC Caribbean 600 Tro - nated more funds to publish a Wang WP (the first word proces - Fund, chairman of the Groupon lion solar project at the Min - Sakellaris explains, “in 1979, phy for the best corrected time self-help guide to quitting, pro - sor) from a $200 million to a board of directors, and neapolis-St. Paul International while working for New England under the IRC Rating rule,” TNH duce school programs, and fur - $1 billion company with the founder/chairman of Snag - Airport with the Metropolitan Electric, NEES Management reported in March, 2016. ther study at the academy of largest female management Films, a website that streams Airports Commission (MAC). wanted to establish a company “It is the second time that Athens on the effects of smok - team in the country. He was thousands of movies and TV Minnesota’s largest solar gener - to promote energy efficiency to Sakellaris was declared the ing. founder and CEO of Redgate episodes free. He has produced ation site to date, the airport avoid the need to build new overall winner, having won the A 1957 graduate of North - Communications Corporation, award-winning documentaries will house a 3-MW solar instal - generation plants. They asked 2014 race with Maxi72, Shock - considered the first new media including “Nanking,” which told lation on the top deck of two me to lead that initiative and I wave. Proteus was also the win - Continued on page 22

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SIX ALPHA CORP. 22 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017 The 50 Wealthiest Greek Americans List

Continued from page 21 Kouvas serves as vice chairman. edge of the business onto his fitting and proper that we honor Family values, a strong work son and partner Theodore, Di - Mr. Tsakopoulos. eastern University in Boston, ethic and dedication to cus - mon’s father. As a boy, Dimon Tsakopoulos’ older brother Behrakis also studied at Boston tomer needs continue to perme - attended the Browning School, George, who passed away in University, and is a recognized ate through thousands of team a prestigious all-boys prep 2009, followed him to Sacra - leader in the pharmaceutical in - members in every facet of the school on New York’s Upper East mento, and also went into real dustry. He became best known, business. As Chairman, Payi - Side. He later majored in psy - estate. George’s family controls perhaps, for his talent in solubi - avlas has been actively involved chology and economics at Tufts thousands of acres in the region. lizing previously insoluble while his children lead the or - University, and earned his MBA Angelo is founder of AKT Devel - chemicals and making them sta - ganization with the same enthu - from Harvard University Busi - opment Corporation, now ble for medical use. siasm, commitment, and vision. ness School. Upon graduating headed by his son, Kyriakos, After completing his military Payiavlas and his wife, Mary, in 1982, Sanford Weill con - which controls about 40,000 service, Behrakis began his ca - were honored in 2006 with the vinced him to turn down offers acres of land in the region and reer at McNeil Laboratories (a Cleveland Clinic’s Distinguished from Goldman Sachs and Mor - neighboring San Joaquin division of Johnson & Johnson). Fellow Award. They have sup - gan Stanley, and join him as an County. In 1968, he founded Dooner ported several of the clinic’s ini - assistant at American Express. He has also carved out a Laboratories, which developed tiatives, including the Heart and Through a series of unprece - niche for himself as a major and manufactured a leading Vascular Institute, Taussig Can - dented mergers and acquisitions player in and fundraiser for the asthma medication, Slophyllin wealth management services to cer Center, Glickman Urological that ensued, they formed Citi - diocesan Council and executive Democratic Party, and as a stan - and Slobid. He sold the com - high net worth individuals and Institute, and Department of group, then the largest financial committee, and Leadership 100 dard bearer for Greek political pany to Rhone-Poulenc Rorer families. The company offers its Nutrition Therapy. In 2000, he services conglomerate in the board of directors. He received and cultural interests in Amer - (now Aventis) and purchased investment capabilities through was inducted into the Business world. Weill was the one who the title of Archon from the Ec - ica. He and his children have ophthalmic firm Muro Pharma - separately managed portfolios, Hall of Fame of Northeast Ohio's made the deals, but Dimon was umenical Patriarch of Constan - raised and contributed millions ceuticals in 1978. Behrakis sold mutual funds, closed-end funds, Inside Business Magazine (ib - the “whiz kid” who made the tinople in 2000. to national, state and local cam - his eye care products to Bausch private funds and UCITS funds. mag.com). Payiavlas traces his numbers work. Dimon left Citi - Pappajohn is the recipient of paigns and issues over the past and Lomb and searched for new Headquartered in Naperville, IL, origins to the island of Chios. group in November 1998 due to many prestigious awards, in - decade. Democratic presidential products, including pharmaceu - Calamos Investments also has He is a Life-Time Chairman of an internal conflict with Weill. cluding the Horatio Alger Award candidates aside, a few of the ticals for asthma and allergies. offices in London and New York. the Archbishop Iakovos Leader - Forbes reported in November (1995), the Ellis Island Medal major recipients include former Behrakis sold the firm to Asta- A recognized expert in risk-man - ship 100 Endowment Fund and that Dimon told Donald Trump’s of Honor (2000) and the California Governor Gray Davis, Medica AG, a division of Ger - aged investing, Calamos has an Archon of the Ecumenical Pa - presidential transition team that Woodrow Wilson International US Senator Dianne Feinstein man conglomerate Degussa, re - written two books and con - triarchate. he did not want to be consid - Center Award for Corporate Cit - and House Speaker Nancy tiring as president and CEO in tributes to industry publications. ered for Secretary of the Trea - izenship (2007). He is the first Pelosi. Tsakopoulos is also ded - 1998. He is interviewed regularly by sury, though it is unclear if that Iowan and the second Greek- icated to advancing the careers The son of Greek immi - CNBC, Bloomberg TV and Fox was because if he accepted the American (Pete Peterson was of Greek-American politicians, grants, Behrakis was born and Business Channel. position he would have to divest the first) to receive the including former California state raised in Lowell, MA. His wife, The factors to which Calamos his JPMorgan Chase holdings. Woodrow Wilson Award. He has treasurer and once-gubernator - Margo, and he have established attributes his success include his received four honorary doctor - ial candidate Phil Angelides. His chairs and scholarships at vari - Greek heritage, a strong work ate degrees. He received the daughter, Eleni Tsakopoulos ous universities and medical ethic and entrepreneurial spirit. 26. JOHN PAPPAJOHN 2013 Gabby Award for philan - Kounalakis, was appointed U.S. centers. In 2003 Northeastern The son of Greek immigrants, thropy from the Greek America Ambassador to Hungary in University and Medical Center he grew up above his family’s $647 MILLION (TNHE) Foundation. 2010. Tsakopoulos and his fam - in Boston opened the Behrakis grocery store on Chicago’s west VENTURE CAPITAL The Pappajohns live in Des ily have established Hellenic Health Science Building and side and attended Chicago pub - John Pappajohn is an entre - Moines. They have one daugh - Studies chairs at several major also created the Center for Drug lic schools. He developed his preneur, a philanthropist, and ter, Ann Vassiliou. American universities across the Discovery. passion for the stock market as at 88 years old, still a self-pro - As he told the Register, he country, Georgetown, Stanford A recipient of many awards a teenager and began his invest - claimed workaholic. President has no plans of slowing down and Columbia among them. for his contributions to business, ment career when his parents of Equity Dynamics and Pappa - any time soon. "I got a lot done. Earlier in 2016, Tsakopoulos science, the arts and the Greek entrusted him with the family’s john Capital Resources, he is I’ve got a lot more things I want was officially honored as a Orthodox Church, he sits on the $5,000 nest egg. also sole proprietor. Equity Dy - to get done." Model Citizen of Sacramento. board of trustees of the Boston Calamos also credits his mil - namics is a financial consulting Symphony Orchestra and is vice itary service as a key factor in In October, 2016, at the Oxi entity; Pappajohn Capital Re - chairman emeritus of Northeast - his success, as it solidified his Day Foundation in Washington, sources is a venture capital firm. 27. ANGELO K. 28. DR. GEORGE N. ern University. He has served on view of the importance of disci - DC, Payiavlas was honored with Both are located in Des Moines, many boards of both public and pline, risk assessment and team - the Service Award of the Foun - IA. TSAKOPOULOS HATSOPOULOS private companies. He is on the work. He served five years in ac - dation of the Jaharis Family As Pappajohn told the Des $600 MILLION (Top Celeb $481 MILLION (TNHE) advisory board of the Harvard tive duty in the US Air Force, (also featured in this edition). Moines Register in September, Networths) THERMIONIC TECHNOLOGY School of Public Health. flying the B-52 bomber and in 2016, he still works seven days REAL ESTATE Probably no institution has Vietnam as a forward air con - a week, rises at 5AM (it used to George N. Hatsopoulos, 90, received as much from Behrakis troller. He later spent 12 years 25. JAMIE DIMON be 4), is in the office by 8AM In 2016, Angelo Tsakopoulos was awarded at the November as the Boston Museum of Fine in the USAF Reserves flying the and tries to make it home by achieved two milestones. He 2009 Boston History & Innova - Arts. His relationship with the A-37 jet fighter and earned the $700 MILLION (Forbes) 6PM. turned 80 years old, and he was tion Awards for “half a century museum dates back to his high rank of major. He keeps his avi - FINANCE Pappajohn serves as director honored as a permanent part of of innovations in environmental school days, when his uncle, ation skills sharp by flying his on the boards of three publicly the United States Congressional quality, health and safety tech - John Zaroulis, took him to see Marchetti SF260 Warbird. Jamie Dimon, 60, is chair - traded companies: Cancer Ge - Record. Bestowing the honor nologies.” the galleries. Later, Behrakis His entrepreneurial activities man and CEO of America’s netics, Inc., American Care - upon him was Congressman would host parties at the Mu - extend beyond the financial ser - largest bank JPMorgan Chase Source Inc., and CNS Response, Mike Thompson of California: seum. He became a member in vices sector, with a private real (NYSE: JPM), and considered Inc., a company which uses “Mr. Speaker, I rise today to 1989, a patron in 1996, and an estate arm, Calamos Real Estate one of the nation’s most power - EEG-generated biomarkers for honor Angelo Tsakopoulos on overseer in 1998. Then, one day LLC that includes Hotel Arista, ful people. Listed at a $1.1 bil - use in personalized medicine in his 80th birthday for his leg - in 2001, Behrakis showed up for CityGate Centre and other enti - lion net worth in 2015, Forbes psychiatry. Pappajohn has endary career in real estate de - lunch with MFA Director Mal - ties surrounding the investment knocked him out of the “billion - served as director in over 40 velopment and his long history colm Rogers and handed him a company’s headquarters in aire’s club” early in 2016, esti - public companies. of philanthropy in California. sealed envelope. Inside was a Naperville. mating his net worth had fallen Pappajohn emigrated from Born in Greece, Mr. Tsakopoulos check for $2 million to endow Calamos is married and has to just under $900 million due Euboea, Greece to the United came to America at 15, sailing Christine Kondoleon’s position two children. He and his wife, to a portfolio wane, and listed States when he was just nine into New York City under the as curator of Greek and Roman Mae, are active philanthropists. him at $700 million later in the months old. His father died inspiring gaze of the Statue of Art. He has given $25 million to Since 2012, he has served as year. But that number very well when he was 16 years of age, Liberty. He moved to Chicago to the museum since 2006 and the chairman of the board of direc - could be back up into the billion and Pappajohn worked to pay live with family, before eventu - museum now has the new tors of Chicago’s National Hel - range, as the New York Post re - his way through college. He ally continuing west to the San George D. and Margo Behrakis lenic Museum, of which he is a ported late in 2016 that since graduated from the University Joaquin Valley in California. En - Wing, which houses Greek, Ro - major benefactor. He says of the Election Day, Dimon has been of Iowa’s College of Business couraged by a close mentor to man and Egyptian galleries. museum: “We have built a na - one of the biggest beneficiaries Administration in 1952. continue his education, Mr. In 2011, the 50-year-member tional institution to honor our of the Wall Street boom. Throughout his career as a ven - Tsakopoulos studied political of AHEPA was honored with the parents and grandparents, to For the 2013 fiscal year Di - ture capitalist, he has been an science and business at Califor - The Greek-born scientist organization’s Archbishop honor our rich Hellenic history.” mon received a 74 percent pay early investor in more than 100 nia State University, Sacra - wanted to change the way the Iakovos Humanitarian Award in In addition, he and his wife raise to $20 billion, which the companies, most of which are mento. While attending school, world makes electricity. He and Orange, CT. In October 2014 he were recognized as 2014 Distin - New York Times reported would dedicated to healthcare and Mr. Tsakopoulos supported him - his brother John founded was honored by The Hellenic guished Citizens by the Three stay at that level for 2014. With biotechnology industries. self as a real Thermo Electron in 1956 (with Initiative, a global non-profit in - Fires Council, Boy Scouts of a value of nearly $230 billion, Both Pappajohn and his wife, estate salesman, foreshadow - a $50,000 loan from a Greek stitution focused on supporting America last October. the bank is the largest and most Mary, are avid philanthropists, ing his highly successful career shipowner). Thermo Electron Greece through crisis relief, en - In late 2016, Crain’s reported powerful public company in the having partnered in numerous in real estate development. Mr. grew into an international com - trepreneurship and economic that Calamos had decided to endeavors, providing millions pany recognized as a global development. take the company private. It had for scholarships, business oppor - leader in environmental moni - Behrakis, a former president gone public in 2004. tunities and community en - toring and analysis instruments, of the Holy Trinity Greek Ortho - hancements. His charitable do - and a major producer of paper- dox Church in Lowell, is a mem - nations include the John & Mary recycling equipment, biomedical ber of the Archdiocesan Coun - 24. JOHN PAYIAVLAS Pappajohn Clinical Cancer Cen - products, alternative-energy sys - cil’s Executive Committee and ter, and Pappajohn Entrepre - tems and other products and an Archon of the Ecumenical Pa - $706 MILLION (TNHE) neurial Centers at five Iowa uni - services related to environmen - triarchate. He is a chairman FOOD SERVICE INDUSTRY versities and colleges. To date, tal quality, health and safety. In emeritus of Leadership 100. He over 150,000 college students 1981, it was ranked 739th and Margo have been married John Payiavlas, 85, is chair - have taken part in the latter, among Fortune’s 1,000 largest for over 50 years and have four man of AVI Foodsystems, the which have sparked over 1,000 industrial firms. By the time it children and several grandchil - country’s largest independent, new businesses. The Pappajohn merged with Fisher Scientific in dren. family-owned and operated con - Scholarship Foundation has dis - November 2006, Thermo Elec - In December 2015, Behrakis tract food service company, pro - tributed over $4 million in tron was seeing annual revenues was given an honorary doctor - viding vending, institutional grants to support ethnic, disad - of over $2 billion, and employed ate from the Medical Faculty of dining and coffee service oper - vantaged, and/or minority stu - 11,000 people in 30 countries. the National and Kapodistrian ations. dents over the past 10 years. Hatsopoulos’ work led to rapid University of Athens for his con - A son of Greek immigrants, In September 2009, the Des advances in thermionic power tributions to science, pharma - Payiavlas traces his company’s country, and fourth in the world Moines Pappajohn Sculpture Tsakopoulos founded AKT De - conversion. He retired in 1999. ceuticals, and medicine, and for beginning to purchasing a few behind three Chinese banks. Park opened, featuring $40 mil - velopment Corporation in In 2000, Hatsopoulos, his his extensive humanitarian en - vending machines for the fam - JPMorgan Chase was at the lion of the avid collector cou - Sacramento, CA, which became brother John, and other private deavors. ily’s Village Café in his home - center of several high-profile in - ple’s outdoor sculptures from a leading real estate developer investors purchased Tecogen, Extremely moved by the ex - town of Warren, OH. vestigations in 2013, paying $20 their personal collection. In De - in the area under his leadership formerly the research and de - perience, he told TNH in Febru - He founded AVI in 1960, and billion to settle legal claims, and cember 2010 the Pappajohns and has built tens of thousands velopment division of Thermo ary, 2016 that “you can receive the company currently serves reported a much-publicized $6 pledged $26.4 million towards of homes and more than 30 mil - Electron. As an independent a lot of honors, but when you millions of consumers daily in billion loss in 2012. Despite this, a new University of Iowa bio - lion square feet of office space. company, it builds power sys - receive an honor from your some of the most prestigious in - Dimon has managed to keep JP - medical research building. The Mr. Tsakopoulos and his family tems that can generate electric - own, your family, being first- stitutions in America, including Morgan well ahead of the curve couple has gifted over $100 mil - have also been dedicated sup - ity and run heating or cooling generation Greek, to receive an industrial centers, corporate since taking the helm in 2006. lion in various philanthropies. porters of civic and community units for big buildings. In May honor from Greece is one of the headquarters complexes, uni - Even when all the country’s ma - He has demonstrated a great causes. The Tsakopoulos family 2014, Tecogen offered 2 million high points of my life.” versities, school systems and jor banks – e.g., Bank of Amer - love for the fine arts: he was has donated land and funds to shares of its stock at $4.75 per healthcare facilities throughout ica and Citigroup – were barely named by Art News Magazine cultural institutions including share on NASDAQ. At press country. Their clients include managing to stay afloat, the $2 as one of the top 200 collectors the Greek Orthodox Church, the time, the company was valued 23. JOHN P. CALAMOS, Ohio State University, FedEx, Di - trillion-in-assets bank thrived re - in the world from 1997-2013. Crocker Art Museum, and the at $83.6 million with a stock recTV, BMV of North America, cently, earning Dimon the re - He was appointed to the advi - Roseville Arts Center. Mr. price of $5.29. SR. Xerox, General Electric, Welles - spect of his peers. He has been sory board of the John F. Tsakopoulos has also had a His training began in Greece $770 MILLION (TNHE) ley College, Progressive Insur - on Time magazine’s list of 100 Kennedy Center for the Perform - strong commitment to support - at the National Polytechnic In - GLOBAL ASSET ance, University of Pittsburgh most influential people three ing Arts in Washington, D.C. by ing education through the An - stitute in Athens. He received MANAGEMENT Medical Center, Verizon, and Xe - times since 2006. Presidents Ronald Reagan and gelo and Sofia Tsakopoulos En - his bachelor’s (1949), master’s rox. Intensely private, Payiavlas In July 2014, Dimon said he George Bush. He currently dowment Fund and as a (1950) and doctorate (1956) John P. Calamos, Sr., 77, is runs the company as chairman had been diagnosed with throat serves on the National Commit - co-chair for California State Uni - degrees at the Massachusetts In - founder and chairman of of the board, while his son An - cancer. The following Decem - tee of the Performing Arts for versity, Sacramento's Capital stitute of Technology, all in me - Calamos Investments, a global thony is president and CEO and ber, he announced to his staff the Kennedy Center. He also Campaign. To support the study chanical engineering. Hatsopou - asset management firm. In his daughter Patrice (Patsy) that he had concluded treat - serves as a member of the and celebration of Greek her - los has testified at numerous 2016, he stepped down as CEO. ment and that after testing, his Trustees Council of the National itage and history, Mr. Tsakopou - congressional hearings on na - The company traces its roots to doctors found no evidence of Gallery of Art as well as on their los served as an instrumental tional energy policy and capital the 1970s when Calamos used cancer in his body, although he Collectors Committee (formerly figure in the creation of the S.B. formation, and has served on convertible securities, which will continue to be monitored. Chairman). He is a vice chair - Vryonis Center for the Study of many national committees on were little known at the time, Although he continued to work man of the board of trustees of Hellenism in Sacramento. Mr. energy conservation, environ - to help his clients grow and pre - during his treatment, he had cut the Hirshhorn Museum in Wash - Speaker, Angelo Tsakopoulos mental protection and interna - serve their wealth. He took his back on his schedule. By 2016, ington, DC, a member of the na - has led a tremendously success - tional exchange. He is also company public in 2004 under it appeared the cancer was in tional committee with the Whit - ful career and has become a noted for his and Joseph the NASDAQ ticker CLMS. remission and he had a good ney Museum in New York City, leader in both business and Keenan’s famous textbook, Today, the firm serves clients long-term prognosis. and honorary director at the Des community causes in our state. “Principles of General Thermo - worldwide, including major cor - Dimon was born in New York Moines Art Center. His work and philanthropy have dynamics.” porations, pension funds, en - City. His grandfather, a Greek Pappajohn’s church activities left an indelible mark on Sacra - In 1996, Hatsopoulos won dowments, foundations and in - immigrant from Smyrna, was a include the Greek Orthodox mento and our larger California the John Fritz Medal, the high - dividuals. The firm also provides broker and passed his knowl - Archdiocese of America Arch - community, and it is therefore est American award in the en - THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 23 gineering profession. In 2007, Vladimir’s Orthodox Theological gineer, and his grandparents Yancopoulos’ fourth drug, he was one of the nine promi - Seminary in Crestwood, NY. He were from Greece. He earned Praluent (for lowering choles - nent Greek-Americans who was honored with these words: an MBA from Dartmouth Col - terol in people already maxed- were selected by President Car - “A man of sharp business acu - lege in 1977, after studying elec - out on statins), was approved olos Papoulias to be honored men and vision as CEO of trical engineering at Northwest - on July 24 and expected to be a with the Hellenic Republic’s Chambers Development Com - ern. big seller. prestigious Commander of the pany and Vice-Chairman of USA He started his career in vari - He's also working on a big Order of Honor award. Until his Waste you were a good and ous management positions at project to sequence patients’ retirement in April 2012, Hat - faithful steward using God’s General Electric Company. In an DNA and Deutsche Bank esti - sopoulos was the chairman of blessing for the betterment of interview with Forbes, he mates that his experimental American DG Energy Inc., the humanity. counted his first bosses, while drug for allergic conditions leading on-site utility he formed “As a founder of and hon - at General Electric, Greg Lie - could generate $10 billion in an - with his brother in 2001 offer - orary lifetime chairman of In - mandt and Jack Welch as having nual sales by 2025. ing electricity, heat, hot water ternational Orthodox Christian “the most profound impact” on Yancopoulos said he wanted and cooling to commercial, in - Charities millions of dollars his career. He went on to be - to be in R&D what his role stitutional and industrial cus - have been raised in service to come president and COO of Leg - model, Regeneron Chairman tomers. He remains a technical those in need around the world. ent Corporation (LGNT) and se - Roy Vagelos created. advisor to American DG, where Your gifts have been used as a nior vice president of the Yancopoulos works at his sci - his brother John serves as CEO. Patron of the Arts and a Pro - Systems Software Division of ence like a scientist, not a man The company, whose stocks moter of Education including a UCCEL Corporation (UCE), both interested in the money it brings were valued recently at $23 mil - In October 1991, Chambers world–class library and admin - of which experienced profitable grant who complained how little and is deeply involved in Regen - lion, specializes in green energy Development owned and oper - istration building on the campus acquisitions. the university life paid, Yan - eron’s drug discovery, as well as and carbon reducing solutions. ated a number of large regional of St. Vladimir’s Orthodox The - At NEA, Barris took $570- copoulos in 1988 jumped ship a principal inventor on all the The professorship at MIT in landfills, worth a reported mar - ological Seminary. As a Protec - million company Neutral Tan - to a small Tarrytown, NY technology patents that underlie his name perpetuates his life’s ket value of $1.7 billion. Cham - tor of Children you are now dem public in 2007 and $590- Biotech firm called Regeneron the invention of all of Regen - work, as holders of that seat de - bers went public and, in 1995, known to a multitude as the million Echo Global public in and helped its worth rocket eron’s drugs. velop new breakthroughs in was merged with USA Waste, Builder of Hospitals, Benefactor 2009. He is involved with NEA 2,240 percent in the past five It hasn't gone to his head. He long-distance Wi-Fi. then the country’s second of the Sick, Comforter of the Af - affiliates, including Groupon, TV years. drives an eight-year-old Honda In 2016, Tecogen acquired largest waste management com - flicted and Liberator of the Cap - software/hardware company His career, featured in Pilot, does his kids’ laundry and American DG. Hatsopoulos is pany. Rangos served as vice tive, you stand in witness to Hillcrest Laboratories, Internet Forbes, showed how his scien - dresses in the worn Oxfords and founder of the capital invest - chairman of USA Waste, during your faith as an Archon of the service provider Boingo Wire - tific ability and humility com - khakis of an academic scientist, ment group Pharos LLC and which time Waste Management Ecumenical Patriarchate Order less, online job recruitment site bined to help him develop drugs Forbes wrote. serves as its CEO. Inc., the country’s largest trash of St. Andrew the Apostle. In Career Builder, digital distribu - for patients with illnesses from He is uncomfortable dis - hauler, acquired USA Waste. consultation with His All-Holi - tion company SnagFilms (whose asthma to cancer and made the cussing his wealth but hopes That merger in 1998 has proven ness, Patriarch Bartholomew founder, Ted Leonsis, is also on company a force to be reckoned that the very thought of it, gen - 29. JOHN G. RANGOS to be a major continued success. you have become a Friend of the this list), and social media man - with in its field. erated by lifesaving drugs, The massive Okeechobee, FL. Natural Environment putting agement company Sprout So - “We were a tiny company, might serve “as an inspiration SR. landfill (approved in 1993, and forth pioneering technological cial. He is on the board of di - but we had the most powerful to kids who (might) otherwise $455 MILLION (TNHE) now operated by Waste Man - advances for environmental rectors of public companies technology,” he says. “And become hedge fund managers.” ENVIRONMENTAL agement) is just one example of concerns seeking both restora - including Groupon, Goji Food sometimes that’s what counts,” In October, 2016, The Na - MANAGEMENT Rangos’ commitment to sound tion and renewal in service to Solutions Ltd., Benchprep, Hill - he told the magazine. tional Herald reported about Re - environmental practices and re - the Creation of the Almighty.” crest Laboratories, Inc., MediaO - Sanofi , Regeneron’s partner generon’s creation of John G. Rangos Sr., 87, a gional economic development. cean, SnagFilms, and Sprout So - on most of its drugs, just re- Dupilumab, to deal with atopic renowned philanthropist, made That site has a 100-year capacity cial. upped on the value of the tech - dermatitis, a type of eczema that his fortune through the trans - and receives 7,000 tons of waste 30. PETER J. BARRIS He serves on the board of nologies Yancopoulos has cre - is often unbearable for those af - portation, disposal and manage - daily. Such monumental, envi - trustees at Northwestern Uni - ated. On July 28 it announced flicted. A revelation about the ment of industrial wastes, as ronmentally friendly disposal $444 MILLION (TNHE) versity, and launched the Barris it would pay $640 million to role the Herald played in Yan - well as security services. sites have also been an eco - VENTURE CAPITAL Incubator Series at Dartmouth’s kick off a new partnership in copoulos’ career path is featured Born in Steubenville, OH, nomic boon to the areas in Tuck School of Business, which which Regeneron will invent in this issue. Rangos grew up during the De - which they function. Okee - Peter J. Barris, 65, is a ven - is aimed to encourage student cancer drugs that harness the pression in Northern West Vir - chobee County still receives mil - ture capitalist known for helping start-ups. He previously served immune system. ginia and Fredericksburg, VA. lions of dollars in royalties from to launch companies including on the executive committee of “George sees and feels biol - 32. JOHN GEORGES His education at the Houston its landfill each year, boosting Groupon, CareerBuilder and Di - the board of the National Ven - ogy in ways very few scientists School of Business was inter - the local government’s ability to apers.com. Forbes has included ture Capital Association and was really can,” said Elias Zerhouni, $370 MILLION (TNHE) rupted when he joined the Ac - finance schools and roads, as him on its “Midas List” of the also a founding member of Ven - the President of Global R&D at FOOD SERVICES, BUSINESS tive Force Reserve unit in Pitts - well as improve police and fire - world’s best venture capitalists ture Philanthropy Partners, a Sanofi. “It is this creative intu - DEVELOPMENT, burgh, PA. He served with great fighting services. and technology investors every philanthropic organization in ition combined with scientific PHILANTHROPY distinction in the Army from Rangos also founded U.S. year since 2007. He has been the Washington, D.C. area. rigor that makes him special in 1951-54, including a stint on a Utilities in the mid-1960s. A pre - managing general partner of Barris, a member of Leader - my view.” John Georges, 56, is an en - combat signal team in the Far cursor to Chambers Develop - leading venture capital investor ship 100 and an Archon of the Yancopoulos defers to his trepreneur in multiple indus - East. ment, USU was part of a con - New Enterprise Associates, Inc. Ecumenical Patriarchate, lives in team of scientists and the man tries, an avowed philanthropist, Rangos began his career with glomerate, which eventually (NEA) since 1999, having joined McLean, VA. with his wife, Adri - who hired him, fellow billion - and a strong supporter of Hel - Rockwell Manufacturing Com - became part of Chambers. USU the company in 1992. enne. They have two daughters. aire Leonard Schleifer, who said lenic causes. He is Founder and pany in Pittsburgh, where he subcontracted with Stone & NEA was featured by the his find has “immense talent distinguished himself by becom - Webster (now part of the Shaw New York Times in 2015 for a and genius.” Continued on page 24 ing the youngest general agent Group), a major engineering particularly successful venture in company history. He formed services firm, to help build fund that Barris described as several companies in the 1960s, atomic energy plants. “not just a moment in time – and pioneered technological ad - Together with his partner Ian this has legs under it.” vances in the transportation and McLennan, a respected FBI In 2016, Barris gave advice Drs. Vagelos & Yancopoulos: disposal of industrial waste. He agent, Rangos cofounded Secu - on starting a new business, in a founded Chambers Develop - rity Bureau Inc., one of the most Forbes interview: he recom - ment Inc. in 1971, a firm that prominent security companies mended that instead of trying Herald Causes One Success Story provided waste treatment ser - in the country, in the mid-1970s. to ramp up extremely quickly, vices, developed commercial re - SBI guarded everything from entrepreneurs only bring in to Inspire Another cycling programs, and broke banks and shopping centers to enough money to get to certain ground with specially lined, lay - industrial and atomic energy milestones. “Don’t worry too ered landfills to protect ground - plants. It grew into a company much about competition outdis - TNH Staff water supplies. with a license in every state in tancing you. It’s more about dis - Rangos’ many innovative the union, and was eventually ciplined execution and getting Biographies of Drs. P. Roy achievements include convert - sold for more than $40 million. back to basics.” Vagelos and George Yan - ing power plant boiler ash into Rangos has three children copoulos are featured in this a useful component of cinder and several grandchildren. He At NEA, he has led invest - issue. Both men have had long blocks and anti-skid material for is founder and director of the ments in over 25 companies that 31. DR. GEORGE and distinguished careers, highways. He also played an in - John G. Rangos Sr. Family Char - have gone public or had success - particularly with the pharma - strumental role in inventing itable Foundation, founder and ful acquisitions. NEA invested YANCOPOULOS ceutical giant Regeneron. techniques for recycling bitumi - former president of the Congres - $14.8 million in Groupon early $428 MILLION (TNHE) We have written for years nous byproducts and disposing sional Medal of Honor Founda - on and received $70 million PHARMACEUTICALS about how Dr. Yancopoulos’ sewage and sludge. He devel - tion, and founder and chairman back in 2011. That year, now-deceased father, Damis, oped methods for liquid indus - emeritus of International Ortho - Groupon went public, reaping Dr. George Yancopoulos, 57, hoped that his son would pur - trial waste disposal, and created dox Christian Charities. He sits one of the greatest venture re - joined Regeneron Laboratories sue a financially lucrative ca - a resource recovery system that on numerous boards. The Ran - turns ever with an initial public in 1989 as its Founding Scientist reer as a doctor, and was con - converts waste-generated gos Foundation supports med - offering value of $12.8 billion. and is currently President and cerned that his son’s chosen methane into usable energy. ical research at Children's Hos - Under his leadership, accord - Chief Scientific Officer. path as a research scientist Together with his sons, Alex pital of Pittsburgh, one of the ing to the NEA website, the Dr. Yancopoulos earned MD would not bring him much and John Jr., Rangos advocated world's finest pediatric care cen - company’s assets under man - and PhD degrees from Columbia money. standards for regional sanitation ters, and Johns Hopkins Univer - agement have grown more than University, and was the eleven - We also knew that eventu - sites that resolved many envi - sity School of Medicine, where tenfold to over $13 billion. The thmost cited scientist in the ally, Yancopoulos left Colum - ronmental concerns nationwide. he established an innovative company with offices in Mary - world in the 1990s. bia University’s College of They initiated present-day envi - new program which invites and land and California’s Silicon Val - He selected in 2004 as a Physicians and Surgeons to ronmental protection standards challenges the brightest young ley now has branches in India, member of the National Acad - join Regeneron. decades ago, to include the de - minds at Johns Hopkins to find China – and most recently -- emy of Sciences. Along with key But what was revealed to sign and strict enforcement of a cure to metastatic cancer. The New York City. NEA, founded 35 members of his team, he is a us shortly before press time federal laws forbidding corrupt Rangos Foundation also sup - years ago, has seen 200 portfo - principal inventor and devel - by Dr. Yancopoulos himself Regeneron Pharmaceuticals practices in the transporting of ports programs at Duquesne and lio companies going public and oper of Regeneron's four FDA- was that what inspired him to team (L-R): President/CEO illegal waste. Across the eastern Carnegie Mellon Universities, 320 acquisitions. “There’s more approved drugs - including do so was an article his father Leonard S. Schleifer, Chair - seaboard and into the Midwest, and many other programs and interest in entrepreneurship Praluent (alirocumab) Injection, gave him about Dr. Vagelos, man P. Roy Vangelos, and they built the largest, most so - organizations (e.g., the now than I’ve ever seen in my Eylea (aflibercept) Injection, published in TNH’s sister pub - Chief Scientific Officer phisticated land disposal facili - Leukemia & Lymphoma Soci - 22 years in this business and and Arcalyst (rilonacept) Injec - lication Ethnikos Kyrix-Na - George Yankopoulos. ties in the industry – including ety). Rangos has recently taken across the board,” he was tion - as well as of its foundation tional Herald in the 1970s. double-composite-lined HDPE an active interest in helping the quoted at a December 2014 technologies including the Trap Damis figured that, like Vagelos, his son could pursue his (high-density polyethylene) fa - country's wounded warriors start-up conference in Washing - technology, VelociGene and Ve - calling and make a good living doing so. And reading that Her - cilities to protect ground water readapt to civilian life. ton, DC. locImmune. ald article about Vagelos inspired Yancopoulos to follow in his – long before other waste man - In early 2016, he received an Barris grew up in Chicago, Encouraged by his father, a footsteps. agement companies emerged. honorary doctorate from St. IL. His father, James, was an en - first-generation Greek immi -

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Continued from page 23 facturer of supplies related to rare 16th century horse and lion, but Kalogris and his fellow the printing industry. In 1964, man armor. Both have attracted managers got to share just $10 CEO of Georges Enterprises, a he launched, with a partner, youth from around the country. million of that among them. company based in Elmwood, Phota Inc., a company that man - To date the foundation has pro - This only made him determined LA, specializing in acquiring and ufactured photographic chemi - vided over $60 million to many to get more of the action, so he growing businesses. It invests in cals specific to the development organizations that focus on the found backers in J.P. Morgan, food vending, grocery distribu - of X-Ray film and assisted in the foundation’s mission. Nicholas Chase Capital Partners and De - tion, video/arcade entertain - development and importation to and Athena Karabots have also sai Capital Management to give ment, restaurants, and media the United States of Fuji film. supported the University of him 10 percent of Triton as com - outlets. In 1970 he acquired a printing Pennsylvania and currently the pensation for running the deal. Georges Enterprises began as company in Scranton, Penn. and University of Arizona in their ar - The money flowed in: even be - Imperial Trading in 1916, a expanded it via the printing and chaeological excavations on fore the bonds were placed, wholesale grocery distribution binding of TV Guide among Mount Lykaion in Arcadia, Kalogris received a $425 million company founded by Georges’ other nationally known maga - Greece. bank revolver loan and $140 grandfather Gus Pelias. The zines. That company, today He and his wife live in Penn - million in equity commitments. company is now the eighth known as Kappa Graphics, LP. sylvania and have three daugh - That and junk bond proceeds largest convenience store sup - Today he is Chairman of the ters and 10 grandchildren. built his system, and he has plier in the nation. Board and CEO of The Spartan Karabots is routinely featured in never looked back. Georges started out in the 33. DR. NICHOLAS Organization, a company he publications as one of Pennsyl - lected by Silver Lake, which Kalogris has consistently dis - family business at a young age, GALAKATOS founded that provides manage - vania’s most generous philan - took Serena private in March tinguished himself as a leader sweeping warehouse floors at ment and legal services to the thropists. 2006. in the highly competitive wire - age 11 and making deliveries by $368 MILLION (TNHE) various Karabots affiliates. He On April 17, the eve of the Capellas and his wife have less industry, and is a former age 15. His father, Dennis BIOMEDICAL TECHNOLOGY, holds similar positions in his Greek Independence Parade in two daughters. He enjoys golf board member as well as former Georges, immigrated to the US VENTURE CAPITAL other privately held companies Philadelphia, Greek-Americans and rock and roll. He is also ac - chairman of the Cellular after serving in the Greek Resis - whose interests include printing, and Philhellenes gathered at the tively involved in community Telecommunications & Internet tance and the Royal Greek Air Nicholas Galakatos, 57, has publishing, product fulfillment, Danielle Kousoulis Center of the and charitable work. In 2002, Association (CTIA). Force at a young age during been Managing Director of land development, a country St. Thomas Greek Orthodox he became the first recipient of In 2016, Kalogris partici - World War II. Clarus Ventures since company’s club and a vineyard and winery. Church in Cherry Hill, NJ – a the Hope Technology Award pated in a panel to evaluate in - In April 2013, Georges En - beginnings in 2005. The Cam - He is assisted by his daughters Philadelphia suburb – to join the from the Center for Missing & novations by budding business terprises acquired The Advo - bridge, MA-based company is a Andrea Duloc and Despina Mc - Federation of Hellenic American Exploited Children. He is a entrepreneur students of cate, a Baton Rouge daily news - life sciences venture capital firm Nulty, son-in-law Paul Kolkka, Societies of Philadelphia and the member of the board of gover - Millersville University in Central paper with a New Orleans founded by a team of “accom - and granddaughter Alecia Du - Greater Delaware Valley in be - nors of the Boys & Girls Clubs Pennsylvania. edition and websites covering plished investment professionals loc. Andrea’s husband, Michael, stowing its Eleftheria Medal of America. Capellas previously nearby towns Ascension and with extensive and complemen - is the owner and president of upon Nicholas Karabots and his served as a member of the Acadiana, which is the largest tary industry backgrounds Kable Distribution and Product wife, Athena, as The National American University Board of 37. DR. SOTIRIOS newspaper in Louisiana. which have enabled them to es - Fulfillment Services, Inc., for - Herald reported. The Parade Trustees, and is recognized as a He completed his studies at tablish a long history of success mer subsidiaries of Princeton, ends each year near the en - global thought leader in the VAHAVIOLOS Tulane University in 1983, turn - in creating value,” according to NJ-based AMREP Corporation, trance of the Art Museum, so it technology industry. He recently $280 MILLION (TNHE) ing his attention to Imperial its website, which also reports Inc., a publicly held company in was particularly fitting that its served as co-chair of the CLOUD ASSET PROTECTION Trading, expanding its sales $1.2 billion of assets under its which Karabots is a controlling great benefactors would be the Commission, including special - SOLUTIONS from $29 million to $1 billion management “across two life shareholder. From 1993 to Parade’s honorees. ists who offered the Obama Ad - today, with 5,000 retailers in 12 sciences-dedicated funds.” 2013, he was a director of AM - ministration recommendations Sotirios J. Vahaviolos, who is states. Recent acquisitions by The Greek-born Galakatos REP Corporation, whose inter - on cloud computing policies. In 70 years old, is Founder, Chair - Georges Enterprises include: has over two decades of health - ests rest in the real estate and 35. MICHAEL D. mid-2015, Capellas was ap - man, and CEO of Mistras Group, care sector industry and invest - media-related industries such as pointed to Tenable Network Se - a global provider of technology- ment experience. He was vice product and subscription fulfill - CAPELLAS curity’s Board of Directors. enabled asset protection solu - president of New Business at ment combined with newsstand $325 MILLION (TNHE) In early 2017, JDA Software tions used to evaluate the struc - Millennium Pharmaceuticals distribution services. Karabots CORPORATE named Capellas Chairman after tural integrity, safety and (from 1997 to 2000), a leading resigned in 2013 from his posi - ADMINISTRATION Bal Dail stepped down from that efficiency of critical, industrial biopharmaceuticals company tion as vice chairman of the position. and public infrastructure. The purchased by the Takeda Oncol - board of AMREP in order to de - Michael D. Capellas, 62, is a NJ-based Mistras’ newest and ogy Company for $8.8 billion in vote more time to his pending 30-plus year veteran of the in - largest nondestructive evalua - May 2008, and a member of its acquisitions in the private sector, formation technology industry, 36. MICHAEL E. tion laboratory in Houston, TX. management team. During that but retains his significant share - founded Atlanta-based Capellas With more than 100 offices time Galakatos co-founded Mil - holder interests in AMREP. The Strategic Partners, a strategic KALOGRIS and 5,800 employees in 16 lennium Predictive Medicine company has developed Rio technology advisory firm, in $321 MILLION (TNHE) countries, Mistras Group pro - and TransForm Pharmaceuti - Rancho, New Mexico’s third- 2012. TELECOMMUNICATIONS cals, where he was chairman. largest city. From 2007 to 2010, he was Prior to his stint at Millennium, Apart from its huge gamut of the Chairman and CEO of First Michael Kalogris, 63, co - he was an associate at Venrock puzzle magazines and subscrip - Data Corporation (FDC), the founded Arete Capital Partners, Associates focusing on early tion services, the Kappa group world’s leading payment pro - a private investment company, stage biotechnology invest - of companies also publishes cessing company. He was on the in 2008. Arete, where he is ments. Before Venrock, he was wrestling, astrology, games, chil - board of directors of VCE, the Managing Partner, functions as head of Molecular Biology Re - dren’s activity books and a wide Virtual Computing Environment an operating partner of the New $50 million food distributor Clif - search at Novartis. variety of atlases and street Company, from January 2006 to York based equity firm Catalyst ford D. Fite Company (2011), Galakatos was born in guides. Its affiliated printing-re - November 2012, serving one Investors. $100 million Union Grocery Athens and raised in Thessa - lated companies in Pennsylvania year as chairman and CEO. The Kalogris was chairman and (2010) and historic Bourbon loniki. He earned a doctorate in and Indiana offer commercial company was formed by tech gi - CEO of SunCom Wireless, a Street restaurant Galatoire’s organic chemistry at MIT before and digital printing, and a vari - ant Cisco and EMC Corporation wireless carrier which had op - (2009). Georges said in a re - his post-doctoral studies at Har - ety of product distribution ser - with investments from VMware erated in the southeastern lated press release, “We are vard Medical School. vices. and Intel, offering technology United States since 1999, and looking to make more acquisi - He is director of ophthalmol - Karabots purchased Scranton products and solutions for in parts of the Caribbean since tions in the food distribution ogy company Ophthotech, car - Lithographing Company in cloud-based computing. He 2004. Founded as Triton PCS sector." diovascular therapy company 1970, which became Kappa serves on the board of Cisco, a Holdings in January, 1999, the In 2006, Imperial Vending Portola, and diagnostics com - Graphics. That led to a relation - multinational corporation net - company changed its name to merged with Whitener Snacks pany Nanostring, all of which ship with puzzle book publisher working and communications SunCom in 2005. Based in to become Refreshment Solu - had successful IPOs in 2013. Be - Official Publications, which technology and services com - Berwyn, PA, SunCom went tions, a Georges Enterprises sub - fore that he sold TransForm Karabots acquired. pany. through several deals with other sidiary. Georges Enterprises’ Pharmaceuticals to Johnson & The Karabotses’ combined Capellas was also senior ad - major cellular carriers. Before it vides the majority of their ser - AMA Distributors specializes in Johnson, and as the chairman businesses employ about 1,600 visor for Silver Lake Partners, a was finally acquired by T-Mobile vices to clients on a regular, re - entertainment from video of Hypnion, Galakatos “made people. His real estate interests $13 billion private equity firm for $1.6 billion in cash and $800 curring outsourced basis. It games and pool tables to juke - out well with 2007 sale of Hyp - began with a 1980 purchase of focused on making large-scale million in assumed debt in Feb - monitors daily such historic boxes. Among Georges Enter - nion to Eli Lilly for $315 mil - a farm outside of Philadelphia. investments in leading technol - ruary 2008, SunCom provided bridges as the Ben Franklin prises’ portfolio of real estate lion,” Forbes reported. This led to other land acquisi - ogy companies, from October digital wireless communications bridge in Philadelphia, PA, the holdings are 25 acres of indus - He and his wife, Alice, have tions, primarily in Pennsylvania, 2006 to July 2007. services to more than 1.1 mil - Severn bridge connecting Eng - trial real estate in the greater two sons. Galakatos is a mem - the subdivision of these other Capellas’ earlier executive lion subscribers. Kalogris has a land and Wales, the Bay Bridge New Orleans area, including the ber of the Director’s Council of assets, and eventually the de - roles include chairman and CEO long history in the “buy it, build in San Francisco, SC, platforms site once occupied by Louisiana the Koch Institute at MIT, and sign and development of Jericho of Compaq Computer Corpora - it, sell it” business. In November and oil rigs in places such as the Film Studios. the Genetics Advisory Council National Golf Club, Inc. in tion between 1999 and 2001. 1999, he reached an agreement North Sea, US-based nuclear Georges Enterprises was pre - at Harvard Medical School. He Washington Crossing, Penn. Following Hewlett-Packard’s ac - with Rural Cellular Corporation, power plants, and other indus - viously very involved with ma - is also on Anatolia College’s Karabots also owns Krasi, LLC, quisition of Compaq, he stayed which purchased portions of Tri - trial plant facilities in countries rine services. However, as board of trustees. the operator of Karamoor Estate on as president of HP for six ton’s assets for $1.24 billion in all over the world, through the Georges confirmed to the TNH In 2016, Galakatos joined Vineyards and Winery, and pro - months to ease the integration early 2000 (Verizon eventually help of online monitoring tech - immediately after the BP Oil Entasis, an AstraZeneca spinout, ducer of Karamoor Estate of the two companies. He then acquired Rural for $2.66 billion nologies based on satellites and Spill in January 2010, the com - as Chairman of its Board of Di - Wines, which have won many left HP to become chairman and in cash and assumed debt in Au - other links. International clients pany sold its fleet of offshore rectors. awards in American wine com - CEO of MCI WorldCom between gust 2007). He also built out Tri - are in the fields of oil and gas, tugs under Dolphin Marine In - petitions. 2002 and 2006, presiding over ton’s network with Cingular fossil and nuclear power, public ternational Company to concen - the eventual Verizon-MCI Wireless in 2004 before chang - infrastructure, chemicals, aero - trate on its food distribution 34. NICHOLAS G. merger. He had joined World - ing Triton’s name to SunCom space and defense, transporta - business. The family of his wife, Com, which was in bankruptcy, and ultimately selling SunCom tion, primary metals and metal - the former Dathel Coleman, KARABOTS to help it overcome a massive to T- Mobile. working, pharmaceuticals and owns cleanup company Oil Mop $326 MILLION (TNHE) accounting scandal. After the He still lives in Pennsylvania food processing. Among them OMI. PUBLISHING, REAL ESTATE, transfer to Verizon was com - with his Elizabeth, his wife of are American Electric Power Georges is very involved with WINERY pleted, Capellas received a $40 many years (and high school Inc., Bayer AG, BP, Bechtel both Louisiana public life and million severance package. sweetheart), with whom he has Corp., General Electric Co., Boe - the community of the Greek Or - Geographically, Nicholas G. Capellas took charge of First two children. Besides Kalogris’ ing Co., Excelon, ExxonMobil, thodox Cathedral of the Holy Karabots, now 83, has gone Data shortly after Kohlberg reputation of making money for Shell, and Valero Energy Co. Trinity. The former church pres - from New Jersey to Pennsylva - Kravis Roberts acquired the his investors, it was a deal with The Mistras Group combines in - ident hosted Ecumenical Patri - nia, by way of the South Bronx. credit card giant for $29 billion dustry-leading products and arch Bartholomew when he vis - Financially, though he has in April 2007. In 1992, First technologies, expertise in me - ited New Orleans in October transcended galaxies: from shin - Data spun off from American chanical integrity (MI) and non- 2009. ing shoes to donating tens of Express. It handles e-commerce destructive testing (NDT) ser - A notable campaign fi - millions of dollars at a time. processing services, including vices and proprietary data nancier, Georges unsuccessfully “The issue here is not ultimately merchant and bank transac - analysis software to offer cus - ran for governor of Louisiana as your net worth, but what you tions, credit, retail and debit tomized solutions, ranging from an independent in 2007. do with the value you have cre - card issuing and processing. It routine inspections to complex, He is a member of Tulane ated,” said Karabots, owner of Together with his wife of 60 also provides money orders and plant-wide asset integrity assess - University’s President's Council. Kappa Publishing Group, Inc. years, Athena Dikegoros paper check processing. ments and management. The Georges is a foundation member the nation’s largest publisher of Karabots, whose parents emi - Capellas says he inherited his company works to extend the of the University of New Orleans puzzle magazines and books, as grated from the Macedonian vil - gritty determination from his fa - useful life of their assets, in - and LSU Medical. He is on the well as companies related to lage of Rhodohorion, he estab - ther, a Greek citizen who fought crease productivity, minimize re - New Orleans Business Council, real estate and winemaking. lished the Karabots Foundation, with the Greek Army against the pair costs, comply with govern - Jefferson Business Council, and His parents, Konstantina Hri - Inc. as a result of his experiences Germans in Italy during World mental safety and the New Orleans Chamber of somalis and Georgios Karabot - as a youth in the South Bronx. War II. After the war, the elder environmental regulations, Council board of directors. He sios, hailed from the Pelopon - The foundation specializes in Capellas met and married his AT&T in the 1990s that at - manage risk and avoid cata - has also chaired and been vice nesian villages of Anavriti and expanding opportunities for wife, Juliet, in Italy. The family tracted investors. In exchange strophic disasters. Vahaviolos president of the Western Region Malendreni, respectively. The young people in inner city or then immigrated to Ohio, where for a small equity stake, AT&T notes that the company is “seek - of the Young Presidents Organi - family name was shortened otherwise underserved commu - Capellas’ father worked his way gave Triton licenses covering 11 ing more acquisitions and better zation. He has chaired the when his father arrived on Ellis nities. He told TNH in 2009: up from laborer to superinten - million people in areas contigu - expansion abroad.” Metairie Park Country Day Island. “My heart beats for the young dent at the Republic Steel Cor - ous with AT&T’s territories in Vahaviolos, who was born in School Recovery and been on Karabots was born in New children who are tied to poverty poration. He worked there for the southeast. the Peloponnese, as a child the board of both Crimestoppers Jersey and raised in the South and don’t know that there is 30 years. Capellas developed an Kalogris earned a MBA at Co - ripped apart electrical machin - and the Young Leadership Coun - Bronx, and attended the Greek something out there that is bet - interest in computers as an un - lumbia University Business ery and rebuilt it for fun – as cil of New Orleans. He is also American Institute. After his fa - ter.” In fall 2012, the foundation dergraduate at Kent State Uni - School in 1982. After working well as for better safety in the on the board of The Hellenic Ini - ther lost his restaurant business gave $7.5 million to The Chil - versity. Shortly after he gradu - at IBM for a while, he entered newly electrified village. He tiative, and he and his wife, in the Wall Street crash of 1929, dren’s Hospital of Philadelphia ated, he met his wife, Marie the telecommunications busi - came to the United States to Dathel, are involved in numer - Karabots held his first job at age for a new pediatric care facility, Angelillo, a former nurse. The ness by taking a job with a study engineering at Fairleigh ous other philanthropic endeav - 9, in 1942, as a shoeshine boy dedicated and opened in Febru - two married in 1979, and trav - Philadelphia-based outfit called Dickinson University in New ors. in Manhattan’s Union Square. ary 2013. They donated $10 eled the world for two decades Metrophone, helping to build it Jersey, where he graduated first The Georges have three chil - After graduating high school in million to The Franklin Institute as Capellas’ business reputation into a $1.1 billion cellular com - in his science and engineering dren: Zana, Liza, and Nike. 1951, he entered the printing Museum to expand its class - grew. He was a senior vice pres - pany in Philadelphia and its sub - class and went on, as a recipient Georges was instrumental in industry, learning the ropes at rooms and exhibition capabili - ident of Oracle Corporation urbs before its owners sold of The Bell Laboratories Gradu - rebuilding the Greek community an RCA affiliate on Wall Street ties at its existing location, from 1997 to 1998. In his work Metrophone to Comcast in ate Study Scholarship Program, in New Orleans after Hurricane before becoming a manager of which serves thousands of chil - with Compaq, he is credited 1991. Kalogris had no equity in to earn MS and PhD degrees in Katrina in 2005. Everything was printing operations elsewhere. dren each year. The foundation with making it Microsoft’s key Metrophone, so he left to build electrical engineering from Co - “a wasteland,” he told TNH in Eventually he achieved sales has also contributed $15 million strategic partner for the release Horizon to operate mostly in lumbia University. He was also 2015, “and we rebuilt every - and then management posi - to support the Philadelphia Art of its Windows 2000 operating suburban Pennsylvania and awarded a master’s degree in thing in 90 days – it was a mir - tions, offered by a Hellenophile Museum’s education center by system. In December 2006, Washington, DC. Five years philosophy. He started his career acle.” He is featured in a full- from Austria, who was the its acquisition of a painting by Capellas was appointed acting later, Horizon was sold in a se - at American Telephone & Tele - length interview in this issue. owner of Polychrome, a manu - Thomas Eakins, together with a CEO of Serena Software, se - ries of deals for the $575 mil - graph's Bell Laboratories, where THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 25 the concept of acoustic emis - cureWorks and its security con - 40. MICHAEL G. listed on the NYSE. The com - sions was developed in the late sulting business to AT&T. PSAROS pany’s market capitalization is 1940s. When Vahaviolos joined Verisign focuses now on its In - currently $159.8 million. Luby’s the company in the 1970s, he ternet infrastructure services. $230 MILLION (TNHE) acquired the 200-restaurant worked out computerized solu - Among the company’s services INVESTMENT chain Fuddruckers, and three Koo tions to the long-standing prob - are providing .com, .net, .cc, .tv, Koo Roo California Kitchen eater - lem of how to filter out irrele - .name and .jobs domain names Michael Psaros, 48, is a co - ies in June 2010 for $63 million. vant background noise during for websites. Bidzos served as founder and managing partner Chris Pappas is president and acoustic-emission testing, thus president and CEO of RSA Se - of private equity fund KPS Capi - chief operating officer of Luby’s, making the technology useable curity from 1988 to February tal Partners, LP, and a member of which owns Luby’s cafeterias, to detect in real time imperfec - 1999, and then served as RSA’s its investment committee. KPS Fuddruckers, and Cheeseburger tions, cracks, and growing cor - vice chairman from 1999 to May Capital Partners, LP us is one of in Paradise. Harris Pappas was its rosion in materials and struc - 2002. the world’s leading private equity chief operating officer until his tures. He has been named one of franchises, with approximately retirement in 2011, but he still Vahaviolos has written over Time magazine’s “Digital 50,” $5.2 billion of assets under man - serves on the executive commit - 100 technical papers and three and is in CRN’s “Computer In - agement. KPS acquires non-core, tee. books, amassed numerous dustry Hall of Fame.” In Sep - underperforming or distress un - Chris Pappas serves on the patents and many honors and tember 2013, the Federal Avia - derperforming manufacturing board of directors for the Greater awards over the years, and be - tion Administration named and industrial companies and Houston Partnership and is also longs to various professional Bidzos, who is a certified pilot, makes the business better by im - a member of the Dean's advisory and scientific organizations. to the FAA Airmen Certification plementing operations-driven board at the Conrad N. Hilton These include the American So - Database. turnaround strategies. College of Hotel and Restaurant ciety for Non Destructive Test - In late 2016, the National KPS Portfolio Companies cur - Professional Baseball Visionary dustry, and American Plastics Management at the University of ing, which he has served as Cyber Security Hall of Fame rently have aggregate annual rev - for work, which includes found - Council. He served on the board Houston. He was inducted into president, and the International honored Bidzos, who is an in - enues of approximately $3.9 bil - ing the Michigan Baseball Foun - of trustees at the American En - the college’s Hospitality Industry Committee for Nondestructive ductee, by naming him keynote lion, operate 87 manufacturing dation. terprise Institute for Public Policy Hall of Honor in 2009. Chris is a Testing (ICNDT), which collab - speaker at its fifth annual award facilities in 23 countries, and em - The MBF’s mission, according Research. member of the board of directors orates with the United Nations. ceremony in October in Balti - ploy approximately 38,000 asso - to its website, is “to bring afford - Among his awards and honors for the National Restaurant As - A former president of ICNDT, he more, MD, for his “key role in ciates, directly and through joint able, family-friendly entertain - are AHEPA’s Man of the Year sociation, the Texas Restaurant is a life honorary member of its the creation of the cyber security ventures worldwide. KPS has ment to Mid-Michigan. Through (1995), the Hellenic American Association, and the Greater board. (NDT is the testing of industry.” completed over 60 turnaround the Great Lakes Loons and Dow Bankers Association Man of the Houston Restaurant Association materials without interfering investments that resulted in sav - Diamond, MBF hopes to revital - Year (1997), an honorary Doctor and is an advisory board member with their make-up and encom - ing over 40,000 premium indus - ize and reinvigorate the region of Laws Degree from Northwood of Amegy Bank. In 2001, he was passes a broad range of scien - 39. STRATTON trial and manufacturing jobs and promote greater economic University (1998), the Ellis Island inducted into the Texas Restau - tific disciplines.) He was elected worldwide. and civic prosperity.” Medal of Honor (1998) and in - rant Association Hall of Honor. a life fellow of the Institute of SCLAVOS The son of George and Mary Dr. Stavropoulos was a direc - duction into Junior Achievement He is also a member of the Hous - Electrical and Electronic Engi - $252 MILLION (TNHE) Ann Psaros and grandson of four tor at Tyco International Limited of Central Michigan’s Business ton Food Bank’s Capital Cam - neers and was honored at the COMPUTERS, CELLULAR Greek immigrants, Psaros grew from 2007 to 2012. A major di - Hall of Fame (2005). “Institu - paign Committee and he has as - March 10 AHI Hellenic Heritage TECHNOLOGY up in Weirton, WV, where the versified, multinational company, tional Investor” magazine named sisted in raising over $50 million Achievement. lifeblood of the town was the Tyco is a leading provider of se - him one of America’s best CEO’s for the organization. Chris re - Vahaviolos is married to As - The son of second-generation steel industry, specifically Na - curity products and services, fire three times (1998, 2003 and ceived his bachelor's degree in pasia Nessas Vahaviolos, with Greek-American parents, Strat - tional Steel. Psaros' father was a protection and detection products 2004). In 2010, he received the mechanical engineering from the whom he has three daughters: ton Sclavos, 55, is a partner at senior executive in the mill, and and services, valves and controls, title of Archon of the Ecumenical University of Texas at Austin. He Athanasia Vahaviolos, who runs Radar Partners LLC, a private his great-grandfather worked at and other industrial products. Patriarchate. Stavropoulos and and his wife, Maria, have been the Greek Mistras Group Hellas equity and venture capital firm a Weirton open hearth furnace In May 2007, just two months his wife, Linda, have two chil - married 30 years and have five ABEE company serving the based in Palo Alto, CA He served in the days when E.T. Weir after Stavropoulos became a dren, Bill and Angela, and several children. Balkans and Eastern Mediter - on the board of directors of In - owned the mill. In 1983, union board member, Tyco agreed to grandchildren. A graduate of Texas A&M, ranean countries, Stephanie- tuit, Inc. from 2001 to 2010, as steelworkers voted to purchase pay almost $3 billion to de - The loons, a Class A Minor Harris Pappas was commissioned Athena Foglia, Mistras’ Benefits well as the company Juniper the company with the help of in - frauded investors, the largest League team affiliated with Major as a 2nd Lieutenant in the U.S. Manager, and Kristy Vahaviolos- Networks. In June 2014, he vestment banker Eugene Keilin, such payment ever made by a sin - League Baseball’s Los Angeles Army, serving one year in Thai - Kyriakopoulos. joined the board of digital secu - renaming it Weirton Steel. The Dodgers, celebrates 10 years in land and one year in Vietnam, Mistras reported strong sales rity start-up BitGo. The com - buyout saved the town, and in - Midland this year. earning two Bronze Stars and and earnings to close 2015. Af - pany produces a digital wallet spired Psaros to think about how three Army Commendation ter expressing some disappoint - designed to tackle theft of bit - management and labor could medals. He is a member of the ment with results in North coin, a form of digital currency work together to revitalize the 42. CHRIS & HARRIS board of directors of Oceaneering America in 2016, Vahaviolos invented in 2009. flagging manufacturing industry International, Inc., a publicly held sold 81,103 shares of Mistras in America. Psaros began his ca - PAPPAS oil and gas operations firm, and stock in early 2017, Daily Quint reer as an investment banker at $214 MILLION (TNHE) also served a ten-year term on reported. Bear, Stearns & Co., Inc. During FOOD SERVICE the board of trustees of Memorial the 1990s he worked for Keilin, Hermann Healthcare System in who by then had created his own Brothers Christopher J. and Houston. He is an advisory direc - 38. D. JAMES BIDZOS firm with a colleague. Keilin, Harris Pappas – 69 and 72 years tor of the Boys & Girls Clubs of Psaros, and another partner, of age, respectively, and still very Greater Houston and of Bank- $267 MILLION (TNHE) David Shapiro, founded KPS in much involved in their thriving Frost National Houston. He is a INFORMATION 1997. family business – opened the first member of the Texas A&M Foun - TECHNOLOGY Psaros is the Treasurer of the Pappas Restaurant in 1976. To - dation Development Advisory Holy Greek Orthodox Archdio - day the privately owned Pappas Committee and serves on the Ed - D. James Bidzos, 61, is an - cese of North America and serves Restaurants, Inc. operates 85 ucation Development Council Ad - other Greek-American who on its Executive Committee. He restaurants in eight states, is one visory Committee. He has re - prospered in the technological is an Archon, Ostiarios, of the Ec - gle company. He retired at the of the best-loved restaurant ceived awards from both Texas revolution ear. Founder, Chair - umenical Patriarch, Order of St. end of 2012. chains in Texas. Six of Chris’ and A&M University and the school’s man of the Board, President, Andrew the Apostle, where he Prior to joining Tyco, Harris’ children have taken on Mays College of Business. Harris and CEO, of Verisign, Inc., which serves on its National Council. Stavropoulos spent 39 years at more prominent roles in the busi - is a member of the World Presi - provides domain name registry He is also a founding member of Dow. In addition to leading the ness, including marketing, real dent’s Organization and on services and Internet security FAITH: An Endowment for Or - company, he held various posi - estate, culinary research and de - Schreiner University’s advisory worldwide, Bidzos’ company of - thodoxy and Hellenism; and tions in research, marketing, and velopment, and construction. board. He is a founder of the Hel - fers a range of security services, serves on the Board of Trustees general management. He also Pappas Restaurants grew from lenic Foundation, which endeav - including managed DNS, Dis - Sclavos earned his bachelor’s of The Leadership 100 – Advanc - served in a variety of research the work of their father, Jim, and ors to raise scholarship money for tributed Denial of Service degree in electrical & computer ing Hellenism and Orthodoxy in and business positions in phar - his brothers at Pappas Refrigera - seminary students attending Holy (DDoS) mitigation and cyber- engineering from the University America, the Executive Board of maceuticals and diagnostics. tion, which they opened in 1945. Cross Greek Orthodox School of threat reporting. Bidzos served of California in Davis. From Oc - The Hellenic Initiative, and is a Stavropoulos was named presi - Currently Pappas Restaurants has Theology. An avid boater and as its first CEO from 1995 to tober 1993 to June 1995, he member of AHEPA. He also dent of Dow USA in 1990, and 12 brands, including Pappas fisherman, he and his wife, Vicky 2001. In 2010 the company’s was vice president of worldwide serves on the Parish Council of was elected vice president of Dow Seafood Houses, Pappasito’s Can - Marinos Pappas, have six children authentication services were marketing & sales for Taligent the Greek Orthodox Church of Chemical Company. He was then tinas, Pappadeaux Seafood and two grandchildren. purchased by Symantec for Inc., a software development Our Savior, in Rye, New York. He elected a senior vice president of Kitchens, Pappas Bar-B-Q’s, Pap - The brothers’ grandfather, $1.28 billion. Bidzos returned company that was a joint ven - is a benefactor of the Orthodox Dow in May 1991, and became pas Bros. Steakhouses, Pappas H.D., arrived in the U.S. in 1897 to the CEO job in 2011. The fol - ture among Apple Computer, Churches in Sierra Leone, Latin chief operating officer in 1993. lowing year, he was named For - IBM and Hewlett-Packard. America, Korea and Jerusalem. He served as CEO from 1995 to tune’s 2012 Businessperson of He was chairman, president, Psaros and his wife, Robin, are 2000 and again from 2002 to 04, the year for reviving Verisign’s & chief executive officer of benefactors of the St. Nicholas and was a member of Dow’s income, growth, and stock per - Verisign for 12 years before he National Shrine in New York City, board of directors from July 1990 formance, which previously had resigned in May 2007, leading and the Washington OXI DAY to March 2006 (he was suc - flagged. His compensation in - that company through many ac - Foundation. ceeded by Andrew Liveris, a creased by 46 percent in 2013 quisitions. He joined Verisign in Psaros received the Recipient Greek-Australian, who is also fea - July 1995 as one of its first em - of the Archbishop Iakovos Lead - tured in this issue. ployees. He helped establish ership 100 Award for Excellence, Stavropoulos holds a bachelor Verisign as a global corporation the Homeric Award from the of science degree in pharmaceu - used by millions of consumers Chian Association, the Humani - tical chemistry from Fordham and businesses daily as they in - tarian Award from the Hellenic University and a doctorate in teract on the world’s voice and Times Scholarship Fund, and the medicinal chemistry from the data networks. Sclavos led the Executive of the Year Award from University of Washington. He is company through a decade of the Hellenic American Bankers a director of Teradata Corpora - robust growth and technological Association, the Homeric Award tion, and on the advisory boards innovation. His last years with from The Chian Federation, and for Metalmark Capital LLC and Burger, Yia Yia Mary’s Pappas and became a restaurateur. His Verisign were taken up with in - the Inspiration Award from the Maersk Inc. He is a trustee of the Greek Kitchen and the Dot Coffee four sons followed his lead with vestigations into the company’s Loukoumi Foundation. Fidelity Equity and High Income Shop. Each company has its own endeavors including opening Pap - stock option program, but it is Psaros delivered the OXI DAY Funds’ Board and is an Advisory specialty, with Yia Yia Mary’s, for pas Bar-B-Q. The Pappas Brothers not believed that Sclavos per - speech in Washington, DC, in the Partner of Clayton, Dubilier & instance, specializing in Greek often help nonprofit groups and sonally benefited from the op - Armed Services Committee Rice LLC, a private investment food, fish and mezedes (Greek, churches renovate their kitchens. tion grants in question, though Chamber of the U.S. Senate in firm. Stavropoulos is non-execu - with a hint of Texas). Pappas Highly involved in the Annunci - it did occur under his watch. 2015. tive chairman of Univar, the Restaurants also has a food cater - ation Cathedral of Houston, both A San Francisco native, Psaros is also the Executive largest chemical distributor in the ing business. brothers were granted the title of to $8.5 million, including his Sclavos still lives in California Producer and underwriter of the United States. Since 2001, the two have be - Archon of the Ecumenical Patri - bonus and stock awards. with his wife, Jody, and their documentary short film, “PIS - Stavropoulos is a past chair - come major shareholders in the archate in 2008. Born in Greece, Bidzos he two children. His investments TEVO”, about the centrality of man of the American Chemistry once-ailing, 68-year-old restau - came to the United States as a include co-owning upscale Iconography in the Orthodox Council, Society of Chemical In - rant chain Luby’s, Inc., which is Continued on page 26 boy. His father worked as a bar - Greek restaurant Dio Deka. A Christian Faith, which may be ber, and his mother managed a lifelong Bay Area resident, he viewed at restaurant. A former computer formed the Sclavos Family Foun - www.theartofbelief.org. The film programmer, he is credited with dation to support charitable ef - has been viewed in over 20 coun - foreseeing the need for online forts in children’s education and tries by tens of thousands of the security in the early 1990s. Bid - medical research. faithful. PISTEVO won “The ABILITY SERVICE AGENCY, INC. zos is an Internet and security He enjoys playing basketball. Award of Excellence” at the In - industry pioneer, whose accom - He held an ownership stake in dieFEST Film Awards. 2075 Grand Avanue, Baldwin, NY 11610• www.abilityservice.com plishments include building RSA Silicon Valley Sports & Enter - He was married to Robin Security, an Internet identity tainment (SVSE), the parent Goldberg at the Archdiocesan and access management solu - company of the San Jose Sharks Cathedral of the Holy Trinity in tion provider, into the early hockey team, until he sold his New York, NY. Psaros and his standard-bearer for authentica - shares to majority owner Hasso wife created The Michael and NEW INSURANCE PROGRAM tion and encryption, and Plattner in January 2013. In Robin Psaros Endowed Chair in launching Verisign as a spin-off June 2002, he was honored Business Administration at in 1995 to develop the digital with the Ernst & Young North - Georgetown University's McDo - FOR REAL ESTATE certificate infrastructure for In - ern California Entrepreneur of nough School of Business where ternet commerce. Verisign op - the Year Award. He was also he serves as Vice Chairman of the Commercial Buildings • Shopping Centers • Apartment Buildings erates infrastructure services honored with the 2001 Morgan Board of Advisors. that enable and protect billions Stanley Morgan Leadership of interactions every day across Award for Global Commerce, the world’s voice, video and named to Forbes’ Top 50 CEO’s 41. DR. WILLIAM S. Lead Liability Available ■ Very Competitive Premiums data networks. list, and served alongside 30 The Mountainview, CA-based technology experts on former STAVROPOULOS Verisign (now moved to Reston, President George W. Bush’s Na - $219 MILLION (TNHE) VA) offered a variety of Internet tional Security Telecommunica - CORPORATE CALL TODAY and communications-related tions Advisory Committee. ADMINISTRATION services in its global affiliate net - Last June, Sclavos was (516) 223-3144 work. Verisign managed two of among those featured in the After a long and distinguished FOR FREE QUOTE the world’s 13 Internet root news regarding bitcoin, for his career at the Dow Chemical Com - b servers, a.root-servers.net and role as a Board Member of bit - pany, where among other capac - Peter Spiliotis Liz DeMaria John Spiliotis j.root-servers.net, considered coin company BitGo. ities he served as Chairman and national IT assets by the U.S. In early 2017, thescores - CEO, William S. Stavropoulos, 77, Federal government. Since ports.com wrote that Sclavos in - moved into a different direction: a 2007, the company has been fo - vested in Echo Sports, a sports he is president and founder of cusing on its core business and gaming company founded by minor league baseball team the Specializing in the Real Estate Insurance Industry whittling away less profitable former NBA star Rick Fox, al - Great Lakes Loons. In 2005, he side efforts. In 2009 it sold its though the amount invested was inducted into the Midland for over 42 years! security service business to Se - was not reported. County Sports Hall of Fame as a 26 50 Wealthiest Greeks in America THE NATIONAL HERALD, FEBRUARY 25, 2017

Continued from page 25 The 50 Wealthiest Greek Americans List In 2016, Pappas Restaurants donated $500,000 to Texas Southern University which, in its 46. CONSTANTINE pany, based in Midland, MI. The the United States. Trump de - Cold Spring Harbor, NY. They newspaper, quoted Chris Pappas IORDANOU Australian-born Liveris suc - scribed Liveris as “one of the have three children. on that occasion: “On behalf of ceeded Dr. William Stavropou - most respected businessmen in In August, 2016, Arbor Realty Pappas Restaurants, my brother $117 MILLION (TNHE) los, a friend and mentor (also the world,” who will be tasked Trust welcomed Tsunis as a Harris and I are proud to partner INSURANCE listed in this edition) in 2004 with finding ways to bring in - member of its Board of Direc - with Texas Southern University and became Chairman of the dustry back to America. “Nobody tors. Arbor’s Chairman, Presi - with this donation of more than Constantine “Dinos” Iordanou, Board in 2006. can do it like Andrew.” dent, and CEO Ivan Kaufman a half a million dollars. The work 66, is president, CEO and Chair - Liveris met with former said: "George comes to Arbor that TSU does enriches not only man of the Board of Arch Capital Greek Prime Minister Antonis with extensive experience as a the lives of the students on their Group, Ltd, a Bermuda-based in - Samaras June, 2014, announc - 48. GEORGE J. TSUNIS business executive, attorney, campus, but also the entire Hous - surance/reinsurance global en - ing an agreement between Dow board member and civic leader ton community. As native Hous - tity. and IBM wherein Dow plans to $107 MILLION for numerous profit, non-profit tonians, we strongly believe in Born in Cyprus, Iordanou ar - use IBM’s service center in HOSPITALITY/REAL ESTATE and educational institutions supporting higher education in rived in the United States and Athens as a base from which to throughout his long and success - our hometown, and we are ex - worked his way through college, offer data and business analytics George J. Tsunis, 48, uses the ful career. We look forward to cited that our contribution will New York University, earning a support to its multinational quality of human connection in the many contributions he is cer - provide a place for students to BS in aerospace engineering be - clients. Liveris contributed in his successful Chartwell Hotels tain to make during his tenure live, study and support one an - fore entering the insurance in - 2012 to spearheading The Hel - enterprise, which he founded in as a board member for Arbor Re - other while pursuing a college descent and a mother born in dustry in a trainee role at Ameri - lenic Initiative (THI), a global, 2006, building on a family tra - alty Trust." degree.” Sparta, Sampras from age three can International Group (AIG). nonprofit, secular institution dition of hotel and restaurant showed an unusually gifted ath - Arch, a Forbes-rated power - whose vision is to mobilize the ownership. Chartwell, under letic ability. In 1988, Sampras house, writes insurance and rein - Greek diaspora and philhellene Tsunis’ leadership, practices the 49. TOMMY LEE 43. JENNIFER ANISTON turned professional just before his surance on a worldwide basis community to invest in the fu - “live well” philosophy, which fo - 17th birthday, and began the year through operations in Bermuda ture of Greece through programs cuses on healthy eating and go - $70 MILLION $200 MILLION (Celebrity Net ranked number 893 in the world, and the United States. Its sub - focused on crisis relief, entrepre - ROCK MUSIC Worth) and before the year was over, he sidiaries offer a full range of prop - neurship, and economic devel - TELEVISION AND FILM climbed up the rankings with erty and casualty insurance and opment. Born Thomas Lee Bass in lightning speed, finishing at 97. reinsurance products globally, Liveris is a firm believer in Athens in 1962 to American The iconic face of millennial Sampras’ 14 Grand Slam titles with a focus on specialty lines of incentives for increasing manu - Oliver Bass and Vassiliki Pa - sitcoms and one of the best- include seven at Wimbledon, four business. facturing in the US again. He padimitriou, a 1957 contestant known personalities in Holly - at the U.S. Open, two at the Aus - wrote and frequently speaks on in the Miss Greece beauty wood, Jennifer Aniston, 48, lived tralian Open, and one at the his book Make it in America pageant, he is best known in Crete and Athens during part French Open. Sampras captured (2011) on that topic. Among the throughout the hard rock/heavy of her childhood as Jennifer his one and only French title in products that the new Dow aims metal world as Tommy Lee, Anastassakis. The daughter of 1996 – the clay court tournament to make in America are new drummer and founding member daytime soap opera star John was the last on his list of com - products, often with an environ - of the rock band Motley Crue. Aniston (Days of Our Lives), she pleting the grand slam cycle, hav - mentally friendly or research- He received his first drum eclipsed her father’s television ing won his first Wimbledon, based core, such as solar shin - when he was four years old, and fame and success with her own U.S., and Australian titles in gles for homes. In June 2011, grew up listening to classic hard role as Rachel Green on the eter - 1993, 1990 and 1994, respec - President Obama named him co- rock bands such as Led Zeppelin, nally popular situation comedy, tively. Chair of an Advanced Manufac - the Sweet, Van Halen, and Friends (1994-2004). Aniston Sampras now plays exhibition turing Partnership, which aims Cheap Trick. Drummers John and her five castmates struck tennis to raise money for chari - to pool the efforts of industry, Bonham of Led Zeppelin and what was a record payday at the ties, such as earthquake victims. schools and the government for Alex Van Halen of Van Halen are time – $1 million each per Sampras and his wife, the for - innovation in fields like infor - ing green at its hotels. two of his biggest influences. episode – and she still collects mer Miss Teen USA Bridgette Wil - mation technology, biotechnol - The company currently owns Lee formed Motley Crue in sizeable residuals from the still- son, and their two sons, live in ogy, and nanotechnology. and manages ten hotels, includ - 1981 along with lead singer wildly popular sitcom’s syndica - California. He also aligned himself in ing Chartwell’s Holiday Inn at Vince Neil, Bassist Nikki Six, and tion. Her success has propelled Sampras and Agassi reunited Iordanou told the publication 2011 with the president and bil - Williamsport, PA earned a “New - guitarist Mick Mars. her to even greater fortunes, top - two years ago in New York City Risk & Insurance in 1999 that he lionaire Warren Buffett in calling comer of the Year award” from The band soared to great ping $200 million in net worth for a Nike event. was promoted when AIG chair - for higher taxation rates for mil - Holiday Inn in 2007. heights in the 1980s, capitalizing this year. Though typically shy and soft- man Hank Greenberg noticed lionaires like himself. Tsunis contributed nearly $1 on the birth of music television Born in Sherman Oaks, CA, spoken, Sampras has strong opin - him in 1980. In 1987 he moved Liveris first started working million to President Obama’s on channels such as MTV and Aniston’s family relocated to New ions on athletes using illegal per - on to Berkshire Hathaway, where at Dow in Australia in 1976 in 2012 reelection campaign. In later VH1. York after their stay in Greece. formance-enhancing substances. he worked up to heading their manufacturing, engineering, September 2013, Obama nomi - Her parents divorced when she As he told Rolling Stone in 2016: commercial casualty operations. sales, marketing, and business nated him for ambassador to was 9, and she was raised by her “It's irresponsible for someone to From March 1992 through De - and general management. Much Norway. After a highly publi - mother, Nancy Dow. take something not knowing if cember 2001, Iordanou served in of this time he worked in Asia, cized series of challenging con - Aniston began her profes - it's 100 percent clean. It's a very various capacities for Zurich Fi - including 14 years in Hong firmation hearings before the sional training as a drama student black and white issue for me.” nancial Services and its affiliates, Kong. He served as general man - Senate last year, however, Tsunis at New York's School of Perform - including senior executive vice ager for Dow in Thailand, and withdrew his nomination in De - ing Arts, the school featured in president of group operations and president of all Asia-Pacific op - cember 2014. the 1980 film Fame. It was a di - 45. JOHN VARVATOS business development of Zurich erations. He joined Dow's board As Chartwell Hotel’s chair - Financial Services, president of man and CEO, Tsunis makes a $120 MILLION Zurich American Specialties Di - point of visiting the hotels as of - (Celebrity Net Worth) vision, chief operating officer and ten as he can. “I don’t think there MEN’S FASHION chief executive officer of Zurich is any substitute for going and American, and chief executive of - visiting the hotels as a manage - John Varvatos, 51, was born ficer of Zurich North America. ment tool,” he said. “Like all in Detroit, but his roots are from He joined Bermuda-based Greeks, my family started out in the Greek island of Kefalonia. Arch in December 2001 as its the restaurant business. And it’s Varvatos entered the design president and member of its all about hospitality and taking industry at 17, in 1983, joining board of directors. In 2003, Ior - care of guests. We went from Polo Ralph Lauren, and in 1990 danou was appointed president feeding them as coffee shop Lee embarked on a solo ca - moved over to Calvin Klein (CK), and CEO of Arch Capital Group, owners and restaurateurs, to reer in the 1990s, briefly return - where he was in charge of Ltd. In November 2008, he was now providing overnight accom - ing to Motley Crue for a reunion, menswear design and pioneered appointed chairman of the board. modations.” and then resuming his solo ca - the concept of “boxer briefs,” He is also a director at Verisk Tsunis and his family build reer, which has included albums which are men’s underpants that Analytics, Inc. of Jersey City, NJ, on the legacy of his father, the and extensive touring. are a hybrid between boxers and the American Insurance Associa - late James Tsunis. James and his Lee lived the life of a typical briefs. tion (AIA) and the Association of cousin Charles Tsunis began rock star of the times, including vision of Fiorello H. LaGuardia That innovation propelled Bermuda Insurers and Reinsurers with coffee shops, carved out a bouts of alcohol and drug abuse, High School of Music and the Varvatos to the top-tier of the de - (ABIR). of directors in February 2004, name for themselves by building and even trouble with the law. Arts. She appeared in various off- sign industry, as boxer briefs were He is a founding member and and was named CEO in Novem - the Bonwit Inn on Long Island He has been married three Broadway productions, television highly touted as one of the great - lifetime trustee of the Pancyprian ber 2004. He was elected chair - in 1971, and eventually invested times, his second and third series and films, until 1994 when est apparel revolutions of the Association of America, estab - man of the board, taking over in hotels and real estate. George wives the well-known actresses Friends came along. 20th century. lished in 1975. He also is a found - on April 1, 2006. Tsunis also oversees his family's Heather Locklear and Pamela Besides her lucrative acting ca - Varvatos, later asked about ing member of Faith: An Endow - With roots in Kastellorizo, real estate and restaurant hold - Anderson. He and Anderson reer, Aniston is in demand as a what gave him the idea, said: “we ment for Orthodoxy and Greece, Liveris was born in Dar - ings, which include shopping have two children. spokeswoman for brands such as just cut off a pair of longjohns Hellenism. Iordanou has previ - win, Australia. As he told stu - centers and office buildings in His bad boy image notwith - Aveeno and Vitamin Water. and thought, this could be cool.” ously served as a trustee of Roo - dents in a lecture in 2005, his the Northeast. standing, Lee is a staunch sup - In 2011, she reportedly made Varvatos returned to Lauren sevelt University and the College grandfather was a Greek sailor After studying at New York porter of animal rights and over $20 million selling her Bev - in 1995, as head of all Polo of Insurance and Risk Manage - who made the impromptu deci - University, Tsunis was trained as avidly involved in the group Peo - erly Hills home for $35 million, menswear design, and he created ment. His awards include the Ellis sion to stay in Darwin, after trav - an attorney at St. John's Univer - ple for the Ethical Treatment of twice the price at which she the Polo Jeans Company. Island Medal of Honor (1999). eling there on a merchant ship sity, also in New York. He was a Animals (PETA). bought it. Just at the turn of the century, He is married to Marianne Ior - at the start of the 20th century. partner at Long Island law firm From 2014 to 2015, Lee re - The actress has also been a in late 1999, Varvatos started his danou and they have three chil - Liveris attended the University Rivken Radler LLP, working in joined Motley Crue for a special producer in recent years. She di - own company, debuting his first dren. of Queensland in Brisbane, grad - real estate development, zoning “Final Four” tour, during which vorced from superstar actor Brad clothing line a year later, and Last May, for his philanthropic uating with a bachelor's degree and land use. Tsunis previously they would give their adoring Pitt seven years ago, but remains opened a boutique in New York efforts Iordanou and Marianne (first-class honors) in chemical also was a Special Counsel to fans what they want most – see - magazine-cover gold. City’s SoHo neighborhood. received a Lifetime Achievement engineering, and was awarded the Town of Huntington, Sena - ing the original members live She received her own Holly - His star power rose, having Award from Our Lady of Mercy the University Medal for that tor Alfonse D'Amato's appointee one last time – and then wood Walk of Fame Star in Feb - joined the cast of NBC’s Fashion Academy. “For the past fifteen year. In 2005, he received an on the US Senate committee on promised to have legal papers ruary 2013. Some of her awards Star and seeing a limited edition years, Dinos and Marianne have honorary doctorate in science Banking, Housing and Urban Af - drawn to formally end their joint include the Screen Actors Guild of the Chrysler 300 automobile been actively involved with from the school. fairs, and an attorney for the touring in the future. (1996), Emmy (2002), Golden featuring his name. Mercy: “As parents of Mercy The Greek-Australian sits on New York City Council. He has Lee then left Motley Crue and Globe (2003) and People’s Choice Varvatos attributes his early graduates, they spearheaded the the board of directors of IBM, worked on campaigns including told Rolling Stone in 2016 that (four times) Awards, and has as - interest in fashion with his love campaign to build a turf field ten and is vice chairman of the Busi - those of Governor George Pataki "it was really cool to finish where sisted and worked with many for rock and roll, observing the years ago. They have continued ness Council and a vice chair of (1994) and Suffolk County Ex - we started. We accomplished charities like Rain (an anti-sexual to work tirelessly on many pro - the Business Roundtable. He ecutive Robert Gaffney (1999). everything we set out to do." assault organization), St. Jude’s jects to benefit Mercy students serves as president and chair - His decisions on whom to sup - and various cancer-fighting orga - now and into the future.” man of the board of the Inter - port are based on what their nizations. Iordanou was honored in May, national Council of Chemical As - stances are on the important is - 50. TINA FEY Aniston, primarily but not ex - 2016 by the Panycprian Associa - sociations. He is a member of sues of the community – the Ec - clusively known for her humor, tion, whose president, Philip the US President's Export Coun - umenical Patriarchate, Greece, $65 MILLION (Celebrity Net is quite serious when it comes to Christopher, said that “we are cil, the US-India CEO Forum, the and Cyprus. He donated $1.25 Worth) various causes. In a heated piece honoring him in particular be - Peterson Institute for Interna - million in 2013 to enhance ENTERTAINMENT in the Huffington Post this past cause he has never forgotten his tional Economics, and the Amer - course offerings in Greek lan - summer, she wrote: For the roots. He has been a trustee of ican Australian Association. He guage and culture at Stony With a celebrity star contin - record, I am not pregnant. What our association from day one and serves on the board of trustees Brook University in Stony Brook, uing to rise with no peak yet in I am is fed up. I’m fed up with as CEO of Arch, for the fact that for The Herbert H. and Grace A. N.Y., establishing the George sight, Elizabeth Stamatina Fey, the sport-like scrutiny and body he went to Cyprus and opened Dow Foundation, USCIB, and and Olga Tsunis Center in Hel - known to the world as Tina, shaming that occurs daily under an office there employing 20 Tufts University. lenic Studies and the James and added to her net worth in 2016 the guise of ‘journalism,’ the ‘First Greek Cypriots, just to show what Liveris is a chartered engi - Eleni Tsunis Chair in Hellenic to finish in our top 50. Amendment’ and ‘celebrity can be done and hopefully other neer and a fellow of the Institute Studies (in honor of Tsunis’ par - Knowing from an early age news.’” companies will follow.” of Chemical Engineers, as well ents). that she was destined for a ca - In December, 2016, Iordanou as a fellow of the Australian Active in both his local com - reer in comedy, the native Penn - make news by selling 50,000 Academy of Technological Sci - munity and the Greek Orthodox sylvanian, now 46, joined the 44. PETE SAMPRAS fashion statements of various shares of stock. The shares were ences and Engineering. In 2011 Church, he was the youngest cast of Saturday Night Live rock musicians, from Alice sold at an average price of alone he received awards from member of the board of directors (SNL) twenty years ago. After a $150 MILLION Cooper to Green Day. $87.24, for a total value of the Committee for Economic De - of Long Island’s Dowling Col - successful stint on the show’s (Celebrity Net Worth) Music, he says, also inspired $4,362,000.00. Following the velopment, the US Council for lege, his region’s American Red consistently popular “Weekend TENNIS his philanthropic causes, and he completion of the sale, Commu - International Business (USCIB) Cross chapter, and one of the Update” mock news segment, was influenced particularly by nity Financial News reported, Ior - and the Yale Chief Executive youngest to receive the title of Fey shined even brighter in 2008 Widely regarded as one of ten - Beatles legend Ringo Starr’s in - danou the chief executive was left Leadership Institute. He was Archons of the Ecumenical Pa - with her spot-on impersonation nis’ all-time greats, Pete Sampras, volvement in “inner peace and directly owning 242,622 shares awarded the Order of Australia, triarchate/Order of St. Andrew. of Republican Vice Presidential 42, retired in 2003 with a then- global, peace, both of which are in the company, valued at approx - the nation’s highest recognition He was named to the National nominee Sarah Palin. record 14 grand slam titles (a important to me.” imately $21,166,343.28. for outstanding achievement Council of the Archons. He is Fey reprised the role several record subsequently broken by Varvatos was named Gentle - and service, in 2014. also on the board of trustees of times during that campaign sea - Roger Federer, with 18, and tied man Quarterly’s (GQ) Designer As The National Herald re - Touro Law School. He often ac - son (and has done so around the by Rafael Nadal). Sampras, of the Year in 2007. 48. ANDREW N. LIVERIS ported in December, 2016, then- tively works behind the scenes time of the 2012 and 2016 elec - nonetheless, remains the only In 2015, Varvatos melded his President-elect Trump an - to promote the Hellenism and tions as well). In one bit charac - man to be ranked number one in three worlds: fashion, rock music, $107 MILLION (TNHE) nounced that Liveris would head Orthodoxy’s interests in the U.S. terizing Palin’s attestation that the world by the Association of and Detroit, into the John Var - CHEMICALS, PLASTICS, the American Manufacturing and is a founding member of the she is familiar with world affairs Tennis Professionals (ATP) six vatos Detroit fashion line. An avid MANAGEMENT Council in his Administration, Faith: An Endowment for Ortho - because as Governor of Alaska, consecutive years, and is best re - hockey fan, Varvatos had the priv - part of his economic message to doxy and Hellenism. Along with she had to deal with fly-over membered for his epic battles ilege of creating custom-blazers Andrew Liveris, 61, is presi - “buy American and hire Ameri - Sen. Charles Schumer (D-NY), zones of airplanes from neigh - with fellow American Andre for the National Hockey League’s dent, chairman and CEO of in - can.” The Council is the principal he was Grand Marshal of New boring Russia, Fey blurted out Agassi. top all-time 100 players at an ternational chemical, materials, private sector advisory commit - York’s 2014 Greek Independence in a comically ditzy manner: “I Born in Potomac, MD to an event in early 2017 during the agroscience and plastics global tee to the Secretary of Com - Day Parade. can see Russia from my house.” American-born father of Greek League’s All-Star Weekend. giant, the Dow Chemical Com - merce on the manufacturing in He and his wife, Olga, live in In a classic example of how THE NATIONAL HERALD, FEBRUARY 25, 2017 50 Wealthiest Greeks in America 27 comedy bits can influence public Martin & Orloff (2002), Mean thinking, many Americans Girls (2004), Baby Mama polled since them attributed that (2008), The Invention of Lying line to Palin, not realizing it was (2009), and Date Night (2010), Katseika P.C. 24100 Kalamata, Messinia Fey who had said it. and most recently, Whiskey (01130)2721062235•2721062288 Fey and her SNL sidekick, co - Tango Foxtrot (2016). e-mail:[email protected] host for numerous award shows, Fey takes on many causes, in - and “BFF” (Best Friend Forever), cluding having done benefits Managing Director: NickK.Papadopoulos Amy Poehler, starred in the com - and fundraisers for various char - edy film Sisters in 2015. Poehler ities. She is also vocal about gen - All our friendly and experienced staff joined Fey to cohost SNL in De - der roles in America, having told The PapadopoulionHouse cember 2015, reprising her own Town & Country magazine in ofHospitality is an innovative of doctors,therapists, signature role as Hillary Clinton. 2016 that, when hearing that Greek healthcare resort for seniors, psychologists,nutritionistsand Also a writer and producer, this must be a great time for nurses look forward to offering you Fey has won to date nine Emmy women in comedy, she responds: in Kalamata, offering luxurious Awards, two Golden Globe “No, it's a terrible time. If you accommodation, primary or your loved ones the individualized Awards, five Screen Actors Guild were to really look at it, the boys medical care, care and attention required. Awards, and four Writers Guild are still getting more money for We can ensure that you enjoy of America Awards. ning sitcom 30 Rock, and has a lot of garbage, while the ladies 24 hour - nursing support Fey created, wrote for, and appeared in numerous feature are hustling and doing amazing and a blend of recreational activities, a rich and relaxing stay amid starred in the multi-award-win - films besides Sisters, including work for less." organized events and advanced the natural beauty and pleasant wellness programs. climate of southern Greece. Come to the PapadopoulionHouseofHospitality and enjoy the spirit of Greek hospitality as our valued guests at affordable prices! Alex Papadopoulos, CRPS® Stay as long as you like, from a short-term vacation to an extended stay. Financial Advisor, Senior Vice President Always remember... [email protected] Live well at every age! 312.754.1315 Visit our website for more information: www.papadopoulion.gr Alex Papadopoulos has been providing financial and wealth management advice to his Valuable Ideas Deserve clients since 1999. He provides individuals, families, and small businesses with guidance and Invaluable Protection. education in all areas of wealth management, CARTER, DELUCA, FARRELL & SCHMIDT, LLP including retirement planning, portfolio Intellectual Property Counsel construction, risk management, and wealth- Your expertise creates new ideas, inventions and processes. Our expertise assures transfer needs. He earned the designation of Chartered Retirement that your innovations get the protection they deserve. Let our team of experienced professionals safeguard your intellectual property assets. Plans Specialist™ from the College of Financial Planning, and is one of Put us to work for you and your ideas today. the senior wealth advisors of The Papadopoulos/Staley Group. • Strategic IP Portfolio Development • Managing & Licensing • Foreign and Domestic Patent Prosecution of Intellectual Property Assets • Patentability and State-of-Art Studies • Due Diligence for Mergers, • Freedom to Practice and Validity Opinions Acquisitions and Venture Alex’s investment philosophy begins with the central belief that his • Coordination with R&D in the Development Capital Investment b clients’ unique goals and objectives are the starting point for a road map of New Products and R&D Agreements • Trademark and Copyright Prosecution

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