Stavros Niarchos
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| Stavros Spyros Niarchos | |
| Born | 3 July 1909 Athens, Greece |
|---|---|
| Died | 16 April 1996 Zürich, Switzerland[1] |
| Occupation | Shipping magnate |
| Spouse | 6 marriages to 5 women[1] |
Stavros Spyros Niarchos (3 July 1909 – 16 April 1996) was a millionaire Greek shipping tycoon, sometimes known as "The Golden Greek." In 1952, Stavros Niarchos built the first supertankers capable of transporting large quantities of oil, and subsequently earned millions of dollars as global demand for his ships increased.
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[edit] Early life
He was born in Athens, son of Spyros Niarchos and his wife, the former Eugenia Coumandaros. His parents were naturalized Americans and had owned a department store in Buffalo, New York before returning to Greece, three months prior to his birth. He studied law at the University of Athens, after which he went to work in the Coumandaros family's grain business.[1] During this period, he became involved in shipping by convincing his relatives that greater profits could be achieved if the firm owned the ships involved.[2]
[edit] Shipping successes
He was a naval officer in World War II, during which time part of the trade fleet he had built with his uncle was destroyed. He used about two million dollars in insurance money to build a new fleet.
Stavros Niarchos founded Niarchos Ltd., an international shipping company that at one time operated more than 80 tankers worldwide. In 1952, he built the first supertankers capable of transporting large quantities of oil. His naval rival, Aristotle Onassis, did the same in 1952. In 1956 the Suez Canal Crisis considerably increased the demand for the type of large tonnage ships that Niarchos owned. Business flourished and he became a billionaire.
[edit] Marriages
Niarchos's five marriages produced two daughters: Maria and Elena and three sons: Philippos, known as Philippe (the father of Stavros Niarchos III), Spyros, and Konstantin.
- His first marriage, in 1930 to Helen Sporides, a daughter of Admiral Constantine Sporides, lasted one year.
- His third wife was Eugenia Livanos in 1947, a daughter of shipping magnate Stavros G. Livanos; they divorced in 1965, and she died in 1970, at the age of 44, after an overdose of barbiturates.
- During this marriage he had an affair with Pamela Churchill (later Pamela Harriman).
- His fourth wife was American automotive heiress and socialite Charlotte Ford (a daughter of Henry Ford II) in Mexico.[2] Ford was at the time pregnant with their daughter, Elena Anne Ford, and the child was born six months later. The marriage ended in divorce the following year (1967), whereupon Niarchos returned to his former wife, Eugenia. No remarriage was necessary, since the couple's 1965 Mexican divorce was not recognized in Greece.[3]
- in 1971, Niarchos married his wife Eugenia's sister, Athina, Marchioness of Blandford, who had been the first wife of Aristotle Onassis. She also died from an overdose, in 1974.
From the late 1970s until his death, he was linked to Princess Firyal of Jordan. He was also said to be linked to Princess Maria Gabriella of Italy.
[edit] Children
(By third and fifth wife Eugenia Livanos, whom he never divorced under Greek law), he had issue one daughter and three sons:
- Maria Isabella Niarchos, a breeder of thoroughbreds. Married to Stephane Gouaze. Mother of two children: Athur Niarchos and Mia Niarchos
- Philippos, known as Philippe Niarchos, art collector.married in 1984 to today to Victoria Guinness Niarchos (b. 1960), younger daughter of Patrick Benjamin Guinness (himself son of Loel Guinness and Princess Joan Aly Khan, later Viscountess Camrose). They had four children together:[3]
- Spyros (b. 1955) married 1987 (divorced 1999) The Hon. Daphne Suzannah Diana Guinness (b. 1967),[4] younger legitimate daughter of the 3rd Baron Moyne by his second wife Suzanne Lisney (d. 2005 of lung cancer)[5], and had issue three children, including two sons. Spyros is a good friend of Prince Ernest Augustus of Hannover and was his best man at his wedding to Princess Caroline of Monaco. At the wedding she was given some Arab horses which now are at the family residence in Frene, Normandy
- Konstantin, or Constantin Niarchos (d. 1999, apparently of a cocain overdose); married 1stly 1987 (div) Donna Alessandra Borghese, no issue; married 2ndly the artist Silvia Martin, no issue.[3] At his death, The Independent (UK) reported he had left a billion dollars as his share of his late father's estate.
(By fourth wife Charlotte Ford)
- Elena (b. 1966) married 1stly 1991 (divorced) to Stanley Jozef Olender, married 2ndly 1996 Joseph Daniel Rippolone, with issue.
[edit] Later career
After the oil crisis of 1973, Stavros Niarchos sold off some of his companies and launched into finances and the diamond trade. In the 1980s, he came more and more often to Geneva, from where he managed his business around the globe. The Golden Greek, as his fellow countrymen liked to call him, retired in the nineties to his main residence in Saint-Moritz, in the Swiss canton Graubünden, where he devoted a lot of time to his favorite sport, skiing.
In 1956 Niarchos acquired the important art collection of actor Edward G. Robinson and over the years put together one of the world's most significant collections with more than one hundred Impressionist and post-Impressionist paintings. In 1989, he purchased Picasso's self-portrait "Yo Picasso" for $47,850,000, plus he acquired works by Van Gogh, Goya, El Greco, and Rubens.
[edit] Thoroughbred horse racing
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Please help improve this article or section by expanding it. Further information might be found on the talk page or at requests for expansion. (January 2007) |
Niarchos began investing thoroughbred horse racing in the early 1970s when he put together a highly successful stable of racehorses that competed in France and the United Kingdom. He eventually acquired the Haras de Fresnay-le-Buffard horse breeding farm in Neuvy-au-Houlme, France and Oak Tree Farm in Lexington, Kentucky where in 1984 his most successful horse Miesque was bred.
After his death in 1996, his daughter Maria Niarchos-Gouazé took charge of the racing operations. She continued to build on his success, and in 2004 her colt Bago won France's most important race, the Prix de l'Arc de Triomphe.
Stavros Niarchos died in 1996, in Zurich. He is buried in the family tomb in Lausanne.
[edit] Notes
- ^ a b Time, 1996. Milestones.
- ^ a b Time, 1965. An International Marriage.
- ^ a b c d Niarchos-Guinness genealogy lists the following four children. Most other sites list only the two elder children. Victoria and Philip were together from at least 1981.
- ^ "Hon. Daphne Suzannah Diana Guinness" in The Peerage database, entry last updated 17 August 2005
- ^ Heiress apparent, The Sunday Times, October 21, 2007. This article states that she had three children by her ex-husband whom she married in 1987 aged 19 and divorced in 1999.
- ^ "Nicolas Stavros Niarchos" in The Peerage database, entry last updated 17 August 2005
- ^ "Alexis Spyros Niarchos" in The Peerage database, entry last updated 17 August 2005
[edit] References
- Thomas Jr, Robert (1996-04-18). "Stavros Niarchos, Greek Shipping Magnate And the Archrival of Onassis,Is Dead at 86". The New York Times. New York: The New York Times.
- Time (1953-09-14). "Ship Seizure". Time Magazine. New York: Time.
- Time (1954-02-22). "Biggest Tanker". Time Magazine. New York: Time.
- Time (1956-08-06). "Cover". Time Magazine. New York: Time.
- Time (1956-08-06). "The New Argonauts". Time Magazine. New York: Time.
- Time (1957-11-04). "The Golden Fleece". Time Magazine. New York: Time.
- Time (1960-07-11). "Oil from Russia". Time Magazine. New York: Time.
- Time (1965). "An International Marriage". Time Magazine: 3. New York: Time.
- Time (1968-04-12). "Rivalry of Riches". Time Magazine. New York: Time.
- Time (1968-03-21). "When Giants Clash". Time Magazine. New York: Time.
- Time (1969-05-30). "The Burgher from Minnesota". Time Magazine. New York: Time.
- Time (1975-08-04). "The Multi-million Dollar Match". Time Magazine. New York: Time.
- Time (1996-04-29). "Milestones". Time Magazine. New York: Time.
