The Greek shipping tycoons getting rich off Russian oil - News Summed Up

The Greek shipping tycoons getting rich off Russian oil


Prokopiou and Marinakis, who are worth $2.6 billion and $3.6 billion, respectively, have ordered 123 new ships worth nearly $13 billion since 2022, according to VesselsValue. Prokopiou’s four shipping firms own 173 tankers including those under construction, 54 more than in 2021. These tycoons are the latest in a line of swashbuckling pioneers hailing back to iconic figures like Aristotle Onassis and Stavros Niarchos. As mentioned, altogether, companies owned by Greek shipping tycoons ordered new ships worth nearly $200 billion and sold 68 older ships for almost $3 billion between January 2022 and March 2024, according to VesselsValue. Forbes estimates that there are now at least 12 shipping billionaires in Greece, more than at any other time in history.


Source: Forbes May 17, 2024 10:57 UTC



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