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George Economou - Net Worth, Age, Height, Birthday, Bio, Wiki!

Explore George Economou net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is George Economou? Who is George Economou dating now & how much money does George Economou have?

NameGeorge Economou
First NameGeorge
Last NameEconomou
OccupationArt Collector
BirthdayAugust 4
Birth Year1953
Place of BirthAthens
Home TownAttica
Birth CountryGreece
Birth SignLeo
Full/Birth Name
FatherNot Available
MotherNot Available
SiblingsChryssoula Kandylidis
SpouseNot Known
Children(s)Stefanos Economou, Christos Economou, Alexandra Economou, Lydia Economou, Filippos Economou

George Economou Biography

George Economou is one of the most popular and richest Art Collector who was born on August 4, 1953 in Athens, Attica, Greece.

In November 2016, DryShips announced $100 million in financing from Kalani, a mysterious company based in the British Virgin Islands and Jersey, Channel Islands, which the Panama Papers show was incorporated on March 22, 1990 but struck off on October 31, 1991 after defaulting. Currently, it is impossible to prove Economou is directly involved in the ownership of Kalani due to the British Virgin Islands status as an offshore tax haven that provides secrecy for its clients.

In 2005, DryShips (DRYS) was listed on Nasdaq, but Cardiff Marine is privately owned by Economou. Economou owns 34% of DryShips, but has been accused of running it like a private company for personal profit at shareholders’ expense, destroying any shareholder value over the last several years with massive dilution and dubious forms of financing. Economou has allegedly lied to the SEC in multiple 6-K filings and is now being investigated. Despite the privileged tax status of the shipping industry in Greece – the industry pays no tax on international earnings brought into the country under rules incorporated in Greece’s constitution in 1967 – traders and other finance professionals caution against investing in companies run by Economou, on the grounds that his business strategy is to acquire assets personally and sell them on to his public companies for a profit, Economou getting cash while shareholders inherit operating risks exacerbated by further share dilutions. Lloydslist remarks that “No one who calls their yacht Barracuda can be too concerned about safeguarding an angelic image.”

George Economou or Georgios Ekonomou (Γεώργιος Οικονόμου, born 1953) is a Greek billionaire shipowner, CEO of DryShips Inc. and Ocean Rig, and the owner of Cardiff Marine. Economou owns oil tankers as well as dry bulk ships and manages them through Cardiff Marine. He was on the Forbes Magazines list of the world’s billionaires on place 707.

George Economou Net Worth

George is one of the richest Art Collector from Greece. According to our analysis, Wikipedia, Forbes & Business Insider, George Economou's net worth $5 Million. (Last Update: January 13, 2024)

Net Worth$5 Million
SalaryUnder Review
Source of IncomeArt Collector
CarsNot Available
HouseLiving in own house.

Since 2008, Economou has allegedly been doing affiliate transactions from his own private company to steal shareholder value.

In March 2015, he had a net worth of $1.5 billion, and a fleet of 116 ships, according to Bloomberg.

Ethnicity, religion & political views

Many peoples want to know what is George Economou ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, George Economou's ethnicity is Not Known. We will update George Economou's religion & political views in this article. Please check the article again after few days.

Economou’s two former wives own a total 15% of DryShips. His sister, Chryssoula Kandylidis, owns 30% of Cardiff Marine. His nephew Antonios Kandylidis, is the founder and largest shareholder in OceanFreight, which went public on the Nasdaq in 2007.

Who is George Economou Dating?

According to our records, George Economou is possibily single & has not been previously engaged. As of January 13, 2024, George Economou’s is not dating anyone.

Relationships Record: We have no records of past relationships for George Economou. You may help us to build the dating records for George Economou!

In 2016 and 2017 Economou diluted DryShips shares four times through reverse split (total reverse split is 12,000 : 1) to decrease DryShips outstanding shares to 1 million. Then he issued 60 million new shares to make affiliate transactions from his own private company to sell DryShips four overpriced very large gas carriers (VLGC). In 2017, he reverse split the shares again at 8:1.

Height, Weight & Body Measurements

George Economou height Not available right now. George weight Not Known & body measurements will update soon.

HeightUnknown
WeightNot Known
Body MeasurementsUnder Review
Eye ColorNot Available
Hair ColorNot Available
Feet/Shoe SizeNot Available

In 2006, he started collecting art, mainly from European artists of the early 20th century such as George Grosz, Pablo Picasso, Christian Schad, Werner Schramm, Andy Warhol, Diego Rivera, Fernando Botero, Hermann Scherer and Heinrich Hoerle.

On December 27, 2016, Kalani came up with another $200 million refinancing agreement. DryShips then announced a new option contract to purchase 4 VLGC ships from other companies controlled by Economou at a total potential cost of $334 million for DryShips shareholders. Investors and traders speculate that Economou pulls the strings at Kalani, using it to recapitalize DryShips and unload assets at the expense of DryShips shareholders.

Facts & Trivia

George Ranked on the list of most popular Art Collector. Also ranked in the elit list of famous people born in Greece. George Economou celebrates birthday on August 4 of every year.

On December 15, 2016, DryShips announced a “comprehensive refinancing, deleveraging and strategic repositioning” that included upping the company’s credit facility to $200 million. It also included a $33.5 million payment to Economou.

You may read full biography about George Economou from Wikipedia.

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Arica Deslauriers

Update: 2024-05-18