50 Weal THEt NATIhONAL HEiRALDe • MAsRCH 2t, 2013 · · 2013-03-18GREEKS IN AMERICA 50 WealTHEt...

GREEKS IN AMERICA

50 WealthiestTHE NATIONAL HERALD • MARCH 2, 2013

The National Herald

www.thenationalherald.comwww.ekirikas.com

50 Wealthiest Greek Americans2 THE NATIONAL HERALD, MARCH 2, 2013

Fellowship SponsorsGreek Cardiologistsfor Cutting-EdgeResearch in the U.S.

By Sophia Stratakis HulingTNH Staff Writer

Heart disease causes moredeaths in all the industrializedworld than any other illness.Doctors commonly point out thehigh-risk factors: smoking, highblood sugar, alcohol abuse, highblood pressure, high cholesterol,and neglect of heart health. Onthe surface, it appears control-lable by lifestyle changes andregular checkups.

But then there are the shock-ing cases of people who, on thesurface, have no such risk fac-tors but are killed by sudden,massive heart attacks that seemto come out of nowhere. Whenthese happen, most people sim-ply shake their heads and con-clude there are some deaths thatsimply attack with swift, ran-dom cruelty.

Massachusetts native GeorgeBehrakis, the son of Greek im-migrants who built an im-mensely successful pharmaceu-tical career and has donatedmuch of his wealth to medicalcauses, knew there was more toit than that. And he believed hecould make a contribution.

“Being in the healthcare mar-ket, I knew that the grant fund-ing was slowly diminishing, ata very accelerated rate, and Ifelt that the private sectorneeded to come forward andfund some of the research,” hesaid in a video he filmed re-cently for the development of-fice of Brigham & Women’s Hos-pital in Boston, one of theteaching hospitals affiliated withHarvard Medical School. “Ipicked Brigham & Women’s be-cause I’ve known these peoplefor 25, 30 years,” as part of hislong pharmaceutical career.

After spending some time onthe advisory board of the Har-vard School of Public Health, hemet Brigham & Women's cardi-ologist Peter H. Stone, who hasdevoted the last 25 years to

coronary research. Stone’s workfocuses on examining the detailsof blood flow within the coro-nary arteries and the presenceof plaque, which clogs the wallsof the arteries, and figuring outhow to detect this while the per-son is still alive, to prevent mas-sive heart attacks from occur-ring.

“My parents came here fromGreece; I have a lot of relativesin Greece who are physicians.Peter Stone brought up the factthat he wanted some Greekphysicians to come here, to trainthem in research in the cardiol-ogy lab,” Behrakis said. “I’vebeen in the pharmaceutical busi-ness for many years, and I’m afirm believer that the Greeks inAmerica that have been success-ful should do something forGreece, for our parents andgrandparents’ home.”

For the past five years,Behrakis has been sponsoringyoung Greek doctors trained in

cardiology research to come toBoston and work with Stone fortwo years, then return to Greecewhere they can put what theylearned into practice. So far, theGeorge D. Behrakis Cardiovas-cular Research Fellowship hassponsored four Greek cardiolo-gists: Yiannis Chatzizisis, 36,Kostas Koskinas (who has re-turned to Greece), Antonios An-toniadis, 36, (all from the Aris-totle University Medical Schoolof Thessaloniki under the men-torship of cardiologist GeorgeD. Giannoglou), and MichaelPapafaklis, 35 (from the Univer-sity of Ioannina, who workedwith Dr. Lambros Michalis).They were chosen based ontheir mentors’ recommendationand upon review of the researchand publications they had pre-viously done.

Stone said Behrakis’ contri-butions cover the fellows’salaries, travel, academic andprofessional research expenses

while they are in the U.S., whichcomes to about $140,000 peryear per fellow.

“The condition is that theygo back, because I don’t wantthe brain drain from there,”Behrakis said.

And Stone confirms thatthere is indeed immense scien-tific brainpower in Greece.Chatzizisis, Antoniadis, and Pa-pafaklis all told TNH they lookforward to dividing their timeamong research, teaching, andworking directly with patientswhen they return.

“It’s an incredible opportu-nity that he has provided tothese young scientists,” saidStone, who described his Greekresearchers as having “mind-boggling productivity. It’s beena wonderful collaboration; theGreek fellows have been ex-tremely talented and have avery intense background in the

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50 Wealthiest Greek AmericansHow does one measure success? It’s different for each per-

son. Nevertheless, the best human minds strive to find solutionswhere there are problems, to explore new approaches to thesame old obstacles – or, in the words of Alfred Lord Tennysonin his poem “Ulysses,” referring to the Roman interpretation ofthe great Greek hero Odysseus, “To strive, to seek, to find, andnot to yield.”

In this, our 2013 issue dedicated to the50 Wealthiest Greek-Americans, we high-light those in our community who havereached the heights of business success.They cover a wide spectrum of industries:energy, retail, finance, shipping, food ser-vice, engineering, publishing, entertain-ment – to name a few. The newestname on our list, John Paul DeJoria,is the wealthiest American of Greek descentand the only one to have made his fortunein the beauty industry with hair care prod-ucts and later, with tequila. These peoplehave enriched themselves, but in so doing,also enriched their communities by pro-viding jobs, business opportunities and buy-ing power to others. In that spirit, we attempt to list the numberof employees for each individual, to show the free enterprisesystem at work.

We at TNH also believe that of those to whom much isgiven, much is expected. The most successful among us arealso the most willing to use their wealth to make a better worldby freely giving out of compassion for those less fortunate. Thewisest of them know “there, but for the grace of God, go I.”

(Note that the numbers listed are not always drawn fromthe individuals themselves, but estimated figures, mostly drawnfrom public sources. We use the same ranking method as Forbes;i.e., rather than listing them 1 through 50, we rank them ac-cording to their estimated wealth. That is why, for example,you will find that the three people on our list each worth $40million, are all ranked as 35th.)

Behrakis Brings Greece and HarvardTogether to Save Lives

The George D. Behrakis Cardioresearch Fellows in the lab at Brigham Women’s hospital inBoston. From left: Michail Papafaklis (seated), Dr Peter Stone, research leader (standing), An-tonios Antoniadis (seated), Yiannis Chatzizisis (standing).

Continued on page 4

50 Wealthiest Greek AmericansTHE NATIONAL HERALD, MARCH 2, 2013 3


By Dawn McCartyBloomberg News andSophia Stratakis Huling,TNH Staff

C. Dean Metropoulos & Co.won court approval on Feb 13to be the among the stalking-horse, or lead, bidders for mostof Hostess’s cake and breadbrands, setting the thresholdsother suitors will have to ex-ceed.

U.S. Bankruptcy JudgeRobert Drain in White Plains,N.Y. approved Metropoulosalong with Flower Foods Inc.,McKee Foods Corp., UnitedStates Bakery Inc., ApolloGlobal Management LLC. A salehearing to approve the highestand best bids is set for March19.

Apollo and Metropoulos of-fered as much as $410 millionfor the Hostess snack-cake busi-ness, which includes DollyMadison brands, five bakeriesand equipment. Leon Black’sApollo, based in New York, man-aged $109.7 billion in assets asof Sept. 30.

Metropoulos, based inGreenwich, Connecticut, is theprivate-equity firm that ownsPabst Brewing Co. The companyhas built a reputation in busi-ness circles for turning aroundfailing consumer brands, includ-ing Pabst and Premier Foods,the U.K.’s largest food company.

In January, Daren Metropou-los, a principal at C. DeanMetropoulos & Co. and son ofDean Metropoulos, was quotedin Bloomberg as saying, “Itwould be a tremendous oppor-tunity to resurrect these leg-endary brands and bring themback to the consumer.”

Hostess, founded in 1930, isliquidating after failing to reachan agreement with striking bak-ers on concessions to help thecompany emerge from its sec-ond bankruptcy. Initial bids forassets total about $858 millionwith about $100 million morefor sale, Chief Executive OfficerGreg Rayburn said Jan. 31.

A spokeswoman forMetropoulos told TNH the com-pany is “still going thorough”the bidding process, and thatMetropoulos is not giving anyinterviews about the matter.

HOME PrIDEFlowers, based in

Thomasville, Georgia, made the

lead bid for Hostess’s Wonder,Butternut, Home Pride, Meritaand Nature’s Pride brands, 20bread plants, 38 depots andother assets.

Flowers offered $360 mil-lion, plus $30 million for theBeefsteak brand. An auction isset for Feb. 28.

Flowers, established in 1919,produces and markets packagedbaked goods for retail and food-service customers. The com-pany’s top brands are Nature’sOwn and Tastykake.

McKee, maker of Little Deb-bie snacks, agreed to pay $27.5million for Drake’s. UnitedStates Bakery offered to buy theSweetheart, Eddy’s, StandishFarms and Grandma Emilie’sbread brands, four bakeries and14 depots, plus certain equip-ment, for $28.9 million. AMarch 15 auction date forDrake’s and the four breadbrands has been set.

Heather Lennox, a lawyer forHostess, told Drain that anagreement on retiree benefitswas reached with four unionscovering 233 former employees.Hostess will continue to provideretiree benefits to the same

union retirees already receivingbenefits through May 31.

rETIrEE ClAIMSThe union retirees, collec-

tively, will have a pre-bank-ruptcy unsecured claim againstthe bankruptcy estate in theamount of $7.4 million, accord-ing to court papers filed today.That claim will be dividedamong the unions. A hearingwas held on Feb. 21 to approvethe accord.

The Interstate Brands Corp.-International Brotherhood ofTeamsters National NegotiatingCommittee will have a claim of$1.8 million; the Bakery, Con-fectionery, Tobacco Workers andGrain Millers InternationalUnion will have a claim of$50,680; the InternationalUnion, United Automobile,Aerospace and Agricultural Im-plement Workers of AmericaUAW will have a claim of $5.4million; and the United Steel,Paper and Forestry, Rubber,Manufacturing, Energy, AlliedIndustrial and Service WorkersInternational Union will have aclaim of $102,409, according tocourt papers.

lIFE INSurANCEIn a separate accord with the

official committee of retired em-ployees, Hostess will continue toprovide life insurance benefitsto the same retirees currently re-ceiving life insurance benefitsthrough the end of this month.Hostess will also provide retireemedical benefits through theend of May.

The retirees, collectively, willhave a pre-bankruptcy unse-cured claim in the amount of$10.5 million, according to courtpapers. About 244 retirees re-

ceive medical benefits and about1,104 receive post-retirementlife insurance, according to courtdocuments.

Previously known as Inter-state Bakeries Corp., Hostess leftan earlier bankruptcy in 2009under the control of buyout firmRipplewood Holdings LLC andlenders. The company, based inIrving, Texas, entered bank-ruptcy again in January 2012.

The case is In re HostessBrands Inc., 12-22052, U.S.Bankruptcy Court, Southern Dis-trict of New York (White Plains).

Metropoulos approved as lead bidder for Hostess

C. Dean Metropoulos (standing), is chairman and CEO ofMetropoulos & Co., which was recently approved as the leadbidder for the cakes business of bankrupt Twinkies makerHostess Brands Inc.

things we do. The work they dounder the sponsorship of Mr.Behrakis has been published inthe most prestigious journals inthe world as the first author.”

Stone learned that suddenheart attacks like those that fa-mously killed television journal-ist Tim Russert actually do notoccur randomly, but in specificareas of the coronary arterieswhich develop atherosclerosis,or hardening of the arteries,with the build-up of plaque de-posits. Doctors can find thosedeposits if they are blocking theblood flow inside the arteries bya procedure called an an-giogram. The angiogram exam-ines the inside of the arterywhere the blood is flowing, andcan find any obstructions. Inmany cases, however, the de-posits are inside the arterywalls, where the atherosclerosisthat builds is most dangerousbecause it is invisible.

Stone used the image of adonut hole to illustrate theartery. Blood flows through thehole, while the solid part of thedonut, surrounding the hole, isthe artery wall.

“If that plaque becomeshighly inflamed, which it typi-cally does -- it’s like a pimple,quite literally,” Stone said. “Ifthat pimple in the artery wallpops, a blood clot forms in aninstant, and you die with a mas-sive heart attack. And you can’tsee it often until it ruptures andcauses a blood clot and it killsyou.”

Stone said half of the peoplewith coronary artery atheroscle-rosis are not even aware theyhave it until they have a heartattack; and half of those peopledie on the spot and never evenmake it to the hospital. That wasprecisely what happened toRussert and continues to happento millions of others around theworld.

“Russert was known to havecoronary disease; it was thoughtto be under control, but it wasnot under control,” said Stone.

BehrakisBrings Greeceand HarvardTogether

Continued from page 2

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1.JOHN PAULDEJORIA$4 BIllION HAIr CArEPrODuCTS, SPIrITS

Born the son of an Italian im-migrant father and a Greek im-migrant mother who divorcedby the time he was 2, DeJoria,69, has known poverty repeat-edly: first during his childhoodbeing raised by a single motherin Los Angeles, and two periodsof homelessness as an adult. To-day, Forbes counts him 92nd onits 400 Richest Americans, 276thamong the World’s Billionaires,and one of America’s Richest Liv-ing Veterans. His John PaulMitchell hair products and Pa-tron Spirits are each worth atleast $1 billion. Paul Mitchellproducts are available in morethan 100,000 salons in the U.S.

His first job, at 9 years old,was selling greeting cards door-to-door. He and his brother hadpaper routes through theirschool years. After high schooland two years in the U.S. Navy,DeJoria did whatever it took tomake ends meet—from sellingencyclopedias and working as ajanitor to pumping gasoline.During his first homeless period,after he and his then-wife sepa-rated, he collected bottles to stayafloat, all while caring for his 2-year-old son. Eventually, he tookhis talents to several hair careand cosmetic companies beforebecoming an independent con-sultant. In 1980, he teamed upwith his friend Paul Mitchell tolaunch John Paul Mitchell Sys-tems, a line of high-end hair careproducts. The partners beganwith $700, DeJoria living in hiscar at the time. He said heknocked on salon doors until hegot 12 orders and checks. Aftertwo years of hand-to-mouthwork, the company grossed $1

million.In 1989, after his partner

Paul Mitchell died, DeJoriafound another partner andlaunched Patron, a premiumtequila, something unheard-ofat that time. His friend ClintEastwood put it in his film “Inthe Line of Fire,” celebrity chefWolfgang Puck endorsed it, andDeJoria gave it away at PaulMitchell events. Today PatronSpirits sells the world’s ultra-pre-mium tequila, with more than 2million cases sold in 2011, aswell as rum and vodka.

DeJoria has been quoted say-ing the key to success it to beprepared for rejection. As a life-long salesman, he has facedmore than his share. Remember-ing his three-year stint sellingCollier’s Encyclopedias door-to-door, he said, “Doors literallyslam in your face – maybe 30,40 doors before the first cus-tomer will actually talk to you.”But, he advised would-be entre-preneurs, no matter how manyrejections you get, go to the nextdoor with the same enthusiasmas you had at the first, with asmile on your face.

He has also been quotedtelling a story that when he was5, his mother didn’t have enoughmoney to buy her sons Christ-mas presents. As they walkedthrough downtown Los Angeles,his mother pointed to a womanwearing a navy blue suit ringinga bell. “Boys,” his mother said,“I’m giving you a dime. See thatlady ringing the bell? Put this inher bucket.” DeJoria didn’t un-derstand; 10 cents was a lot fora kid who didn’t have much in1950. Why did he have to giveit away? “That’s the SalvationArmy. They need it more thanwe do,” was her reply. From thatexperience, he learned that “suc-cess unshared is failure.”

The vast list of charities sup-ported by John Paul MitchellSystems includes the Boys &Girls Clubs of America, theAmerican Cancer Society,Food4Africa, Grow Appalachia,and Chrysalis, a nonprofit groupthat helps homeless and low-in-come people get back on theirfeet and find the path to self-sufficiency. DeJoria is also a pa-tron of Mineseeker, a non-profitorganization dedicated to seek-ing solutions to the worldwideproblem of landmines. In 2006,he was appointed Admiral bythe governor of Texas, and hereceived the Citizen of the Year

Dolphin Award from The MalibuTimes. John Paul was also hon-ored with the SustainabilityAward for his dedication to en-vironmental preservation atFashion Group International’s25th annual Night of Starsevent, and was inducted as alifetime member into the Hora-tio Alger Association of Distin-guished Americans in honor ofhis journey to overcome humblebeginnings to achieve success.

He and his third wife, the for-mer Eloise Brady, are based inAustin, Texas. He has four chil-dren.w w w . p a u l m i t c h e l l . c o m ,www.cnn.com, www.entrepre-neur.com

2.HASEOTESFAMILY$3.8 BIllION DAIrY,CONVENIENCE STOrES,PETrOlEuM PrODuCTS

Vasilios and AphroditeHaseotes emigrated fromGreece’s Macedonia and Epirusregions to the U.S., buying aone-cow dairy farm in Cumber-land, R.I. for $84 in 1938. Cum-berland Farms (incorporated in1957) eventually grew to be-come the largest dairy farm op-eration in Massachusetts. In1956, the company opened ajug-milk store in Bellingham,Mass. Few convenience foodstores offering dawn-to- mid-night service every day of theweek existed in the North in the1950’s.

But by 1967, there weresome 8,000. With some 400stores, Cumberland Farms wasamong the industry leaders. Bythe early 1990’s, CumberlandFarms ranked third among thecountry’s convenience storechains, and was also a leader inboth the retail and wholesaledistribution of petroleum prod-ucts.

A closely held family-ownedcompany since its inception,Cumberland Farms has sincegrown to become a multi-billion-dollar corporation. Lily(Haseotes) Bentas, daughter ofVasilios and Aphrodite Haseotes,is chairman of the board of di-rectors. Her nephew, AriHaseotes, is the president.

Company headquarters are inFramingham, Mass. CumberlandFarms owns and operates con-venience stores and gas stationsthroughout New England, NewYork, the Mid-Atlantic States andFlorida under the Cumberland

Farms, Exxon, and Gulf names.Its Gulf Oil arm sells gasoline tofranchised service stations. Thecompany first added a gas sta-tion to one of its stores in 1971and expanded greatly in thewake of the 1973-74 Arab oilembargo. By 1975 CumberlandFarms opened its 1,000th store.The following year, it opened a560,000-square-foot bakery andwarehouse in Westborough,Mass, and purchased more than500 Gulf and Chevron servicestations and related assets in 11Northeastern states. The trans-action included contracts to sup-ply gasoline to about 1,700 Gulfdealers and 2,000 stations, mak-ing Cumberland Farms thelargest independent seller ofgasoline in America. In 2010,Gulf Oil L.P., a subsidiary ofCumberland Farms, announcedit had acquired all rights, titleand interest to the “Gulf” brandin the U.S. In 2012, CumberlandGulf Group announced that it isentering the electricity businessin Connecticut.

At one point CumberlandFarms had 1,200 stores, abouthalf of which were selling gas.Now a company of over 1,000retail stores and stations and6,500 employees, Forbes rankedCumberland Farms the 30thlargest privately held companyin the U.S. in 2012 (up from37th the previous year). Bentastold TNH their annual sales arenow at $15 billion.

Bentas added the companycontinues to grow and improve.“The company is continuing toupgrade its locations and offermore prepared foods. We areconstantly updating our sites.”

Cumberland Farms has givenmillions in cash and products tobenefit young people, from itsBelieve and Achieve Scholarshipprogram to hunger relief efforts.

Ari Haseotes and his wife Ashleyalso founded the One Mission(www.onemission.org) child-hood cancer foundation.

www.cumberlandfarms.com

3.JOHN A.CATSIMATIDIS$3 BIllION OIl, rEAlESTATE, SuPErMArKETS

Ranked 132nd among theForbes 400, John Catsimatidis,64, is chairman & CEO of theRed Apple Group. Ranked 97thamong the country’s largest pri-vately held companies by Forbes,with 8,000 employees and esti-mated annual revenues of $4 bil-lion, Red Apple has holdings inoil refining, retail petroleumproducts, convenience stores, su-permarkets and real estate. Witha major focus on energy, Catsi-matidis’ fortune accelerated withrising oil prices.

His parents came to Americawith him from the island of Nisy-ros while he was a child. Hegrew up in New York City onManhattan’s west side. He at-tended New York University, butdropped out before completinghis degree requirements becauseof business demands. He openedhis first grocery store in 1969,and owned ten stores by the ageof 24, making $25 million a yearin revenue. He plowed $5 mil-lion into Manhattan real estatein 1977; that property wasworth $100 million just fiveyears later.

Today, Red Apple reportedlyowns $500 million worth ofproperty and the Gristedes su-permarket chain. He stumbledupon the Chapter 11 proceed-ings of United Refining in War-ren, Pa. and purchased the oilrefiner’s stock for $7.5 million.Today, the firm owns 375 gasoutlets and convenience stores,

primarily in western Pennsylva-nia and Western New York. Hismost recent projects include sev-eral residential developmentprojects in Brooklyn, and invest-ing in health-related companies.

Catsimatidis is a licensed pi-lot, though eye surgery hasgrounded him over the past fewyears. He has helped raise mil-lions for Alzheimer’s, Parkin-son’s, and Juvenile Diabetes re-search. He served asco-chairman and founder of theBrooklyn Tech EndowmentFoundation. The $10 millionfund is the largest gift to a sec-ondary school in the UnitedStates. Since 1988 he hasfunded scholarships at the NYUSchool of Business. He is alsothe publisher of the HellenicTimes. He is married and the fa-ther of two children. His wifeMargo runs his company’s in-house advertising agency. TheirHellenic Times ScholarshipFund, which has awarded hun-dreds of thousands in scholar-ships to Greek American stu-dents, celebrated its 20thAnniversary last May. Catsima-tidis, who first considered run-ning for mayor of New York in2009, officially announced hiscandidacy in January 2013. “Icare about making New Yorkbetter,” he said at his candidacyannouncement, and for peopleto say when he was done: “Youknow something, you did a greatjob.” He was among the leadingGreek-Americans actively in-volved in Republican fundraisingfor the 2012 presidential race.

4.GEORGE P.MITCHELL$2 BIllION (ENErGY, rEAlESTATE)

Ranked 239th among Forbes’“400 Richest Americans” and578th among Forbes’ “World'sBillionaires”, Mr. Mitchell ischairman of GPM Inc., and isnow 93 years of age.

The son of a Greek immigrantgoatherd, he grew up in Galve-ston, Texas – in the same build-ing where his father’s dry clean-ing shop was located. A 1940graduate of Texas A&M Univer-sity with a degree in petroleumengineering, he served in theU.S. Army Corps of Engineersduring World War II beforefounding Roxoil Drilling, whicheventually became Mitchell En-ergy & Development Corp, with

The 50 Wealthiest Greek Americans List

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“It was too inflamed and thepimple in his artery wall poppedright on the screen and he diedon the set. It’s the exact sameprocess. Mr. Behrakis’ friend’sson at the age of 42 had the ex-act same thing happen a num-ber of months ago. It’s ex-tremely common and extremelyterrifying.”

Stone said for the past 20years or so, a technology calledintra-vascular ultrasound, an ul-trasound image of the inside ofan artery has been able to detectplaque deposits inside the arterywall. But only 5 percent of thoseinner-wall deposits ever becomeinflamed enough to cause aheart attack, he said. Those 5percent become stimulated andinflamed by an abnormal bloodflow pattern in the artery. Bymeasuring the friction (the sci-entific term is “shear stress”) ofthe blood flow in the artery, re-searchers can find the abnormalor disturbed blood flow, whichpoints to the location of aplaque deposit inside the arterywall. That abnormal blood flowstimulates the plaque andcauses it to burst.

“For the 5 percent (of plaquedeposits) that get worse andworse and then kill us, our hy-pothesis is that we can figureout which are those 5 percentby looking at the local bloodflow patterns on a microscopiclevel,” he said. “This is whatwe’re experimenting with.”

Stone and his colleagueshave confirmed these findingsby doing research on pigs, andalso some limited clinical trialson humans.

The shear stress is calculatedby creating three-dimensionalrepresentations of the coronaryarteries “based on angiogramand intra-vascular ultrasounddata and then simulate bloodflow using sophisticated com-puter algorithms,” or software,said Antoniadis, who began hisfellowship in Boston in 2011.

Stone said there are no morethan half a dozen institutions inthe world doing this research,including the universities inThessaloniki, Ioannina, andAthens; Erasmus University inRotterdam, the Netherlands;and Emory University in At-

lanta, Ga. While attending a car-diology conference in Chicagowith his co-researcher CharlesL. Feldman, Stone met Papafak-lis, who was presenting his PhDpaper on computing shearstress.

“We saw Michail and said,‘Wow, that’s incredible thatyou’re doing this; that’s what wedo as well,’” said Stone.

Papafaklis, who arrived inBoston in 2010, described it as“quite fantastic” that two estab-lished researchers would cometo hear his presentation.

“They suggested I shouldconsider the possibility of com-ing to work with them inBoston. Saying that now, afteralmost five years, I really stillget the chills when I rememberthat,” he said. “Enriched withthis experience, we can go backto Greece and really enrich ourGreek society with this experi-ence, and hopefully we will tryand make a better place formedical practice and for re-search in the Greek community.”

All institutions of higherlearning are state-sponsored inGreece and together with pub-licly funded hospitals they areno doubt experiencing budgetcuts as a result of the country’sfiscal calamity. That in turnmeans more patients seekingcare at public hospitals ratherthan private practices. But An-toniadis still hopes to find a po-sition at a public hospital.

“Even though the conditionssometimes are tough, I thinkthis is the most important aspectI can focus on, work in a publichospital and do evidence-based

and good quality of everydaypractice and try to help people.From my perspective, this is def-initely the most rewarding mis-sion that a doctor can accom-plish,” Antoniadis said. Withregard to splitting his time be-tween patient care and teach-ing, he said, “It is the duty ofevery doctor, in fact, to transferknowledge to younger col-leagues. So we have to teach ju-nior doctors and medical stu-dents whatever we know, anddemonstrate how to transferthis knowledge to patient-ori-ented outcomes.”

Chatzizisis first arrived inBoston in 2005, on his own ini-tiative and with his own money,after hearing of Stone’s workthrough his mentor, Giannoglou,in Thessaloniki. He worked withStone for two years, but finallycould no longer manage finan-cially. At that time, he and Stonepresented Behrakis with their re-search of the past two years, andBehrakis agreed to generouslyfund their continuing work, set-ting the foundation for thegroup’s great scientific achieve-ments. Chatzizisis went back toGreece in 2008 to finish his car-diology training, and returnedto Boston as a Behrakis Fellowin 2012.

Chatzizisis especially praisedBehrakis for his “investmentthat he did in science, whichpaid back substantial contribu-tion to medicine, translated intothe clinical setting, and we’renow at the point to start believ-ing that we have a tool that canchange the management ofcoronary artery disease, and

therefore change public health.”He noted that what is needed

for Greece’s recovery is not nec-essarily money, but an environ-ment of “hope and creativity.”

“We need to find a way tobring and to attract young doc-tors and young scientists fromall around the world, and totransfer all this research andclinical experience that they ac-quire to Greece, and integratethat into the Greek medical re-search and clinical environmentand create conditions for a re-covery,” said Chatzizisis. “TheGeorge D. Behrakis Fellowshiphas been a great paradigm to-ward this direction.”

Stone said the vast majorityof people over 45 or so who diesuddenly almost always diefrom this sudden rupture of aplaque deposit hiding withintheir coronary artery wall. Thehope of researchers is if the dan-gerous deposit is detected, theycan prevent it from rupturing byimplanting a stent, or a tubethat will hold the artery openand allow the blood to flowmore smoothly. Stents are com-monly used when the blockagein the artery can be seen, butnot for patients who haveplaque within the artery walls.

“If we are successful withthese efforts, we will save mil-lions of lives, heart attacks, dis-rupted families, lost productiv-ity,” he said. “That’s why thishas been like a religion to us.”

But reaching the point ofproviding preventive treatmentfor these hidden plaque depositsis an entirely different project:convincing a drug or stent com-pany to fund a major clinicaltrial costing tens of millions ofdollars, said Stone. “We needfirst of al to convince a companythat the money is worth invest-ing in this kind of trial, becauseit can be so much more effec-tive. And companies will onlydo that if it’s very, very clear thatthey’re going to win,” he said.

Stone said he and his currenttrio of Greek researchers re-cently presented Behrakis witha 200-page book summarizingtheir work.

“It’s been a fairy tale and adream come true for them, andextraordinarily satisfying for allthe right reasons for Mr.Behrakis,” Stone said.

Behrakis Brings Greece and HarvardTogether to Save Lives


George Behrakis

his brother Johnny in 1946.He made his fortune by wild-

catting (i.e., searching for, andfinding, reserves) in North Texasand Southern Louisiana oil andgas fields, and then selling mostof his company’s interests to De-von Energy for $3.5 billion in2001. He invested the proceedsof the sale in real estate: e.g.,Bald Head Island, North Car-olina. He also owns more than20 hotels and private buildings.His son Todd is a major share-holder in Alta Resources, a com-pany developing shale assets.

Mitchell resides in The Wood-lands, an environmentallyfriendly region he founded in1974. His wife, Cynthia, passedaway in 2009. They have tenchildren and 28 grandchildren.

The Mitchells have been oneof A&M’s largest private bene-factors. Their gifts in support ofthe University’s Physics depart-ment include $35 million fortwo new facilities which openedin 2009. Mitchell had reportedlycontributed $159 million to ed-ucational institutions by 2011.Major interests have includedhistoric preservation, includinghelping to rejuvenate Galve-ston’s historic Strand District andhelped revitalize the city’s mid-winter Mardi Gras celebration.

Mitchell still goes to his officealmost every day, and still travelsregularly for business purposes.He is a major benefactor of theHouston-Galveston area’s hospi-tals. He is also a nature enthusi-ast, and a believer in environ-mental and energy conservation.He is opposed to oil drilling in

the Alaska wildlife refuge, andhas funded a $10 million Na-tional Academies study on sus-tainable development and pop-ulation growth.

In November 2011, he was –along with Terry Englender andGary Lash -- named one of For-eign Policy magazine’s Top 100Global Thinkers “for upendingthe politics of energy” with hisinvestment, three decades ear-lier, in tapping underground nat-ural gas reserves. Last Novem-ber, the Cynthia and GeorgeMitchell Foundation commiteda $20 million gift to benefit theMitchell Institute for Fundamen-tal Physics and Astronomy atTexas A&M University. The gift’sintent is to help transform TexasA&M into a world leader in fun-damental physics and astron-omy. This gift solidifies Mitchell'sposition as the university’s mostgenerous donor, with a com-bined giving total exceeding $95million.

5.MICHAELJAHARIS$1.9 BIllIONPHArMACEuTICAlS

Ranked 250th among theForbes Richest 400 Americanswith an estimated net worth of$1.9 billion Michael Jaharis, 84,founded Kos Pharmaceuticals.

Jaharis, the son of Greek im-migrants, is a native of Chicago;he earned his bachelor’s degreefrom Carroll University in Wis-consin. He served in the U.S.Army Medical Corps during theKorean War and later attendednight school at DePaul Univer-sity to earn his law degree whileworking as a sales representativefor Miles Laboratories. In 1972,Jaharis and partner Phillip Frostacquired Key Pharmaceuticalsand transformed the tiny pro-ducer of cough and cold reme-dies into a powerhouse companywith newly developed top-sell-ing asthma and cardiovasculardrugs. Under his leadership,Key’s sales increased 100-foldbefore the company’s $836 mil-lion merger with Schering-Plough in 1986. Two years later,Jaharis launched Kos Pharma-ceuticals, which pioneered theHDL cholesterol market with itsgood cholesterol-raising drug Ni-aspan, before being sold to Ab-bott Laboratories in 2006 for

The 50 Wealthiest GreekAmericans List



$4.2 billion. Today, Jaharis isfounder and director of ArisaphPharmaceuticals Inc., a privatelyheld drug discovery and bio-techcompany, and a founder of Vat-era Healthcare Partners LLC, aventure capital firm focusing onthe healthcare industry.

His wife, Mary, attendedNorthwestern University andgraduated from the Art Instituteof Chicago.

Proud supporters of Hel-lenism, the Jaharises are majorbenefactors of the New YorkMetropolitan Museum of Art,the Art Institute of Chicago andmany cultural, religious, highereducation, and healthcare insti-tutions though the Jaharis Fam-ily Foundation, Inc. In October2010, the Mary Jaharis Centerfor Byzantine Art and Culturewas inaugurated at Hellenic Col-lege/Holy Cross Greek OrthodoxTheological Seminary, whichwill serve as a premier interna-tional research center.

Jaharis also serves as TrusteeEmeritus of Tufts University inBoston, Mass., Chairman of theBoard of Overseers for theSchool of Medicine at Tufts Uni-versity, Member of the ColumbiaUniversity Medical Center Boardof Visitors, and Member of theBoard of Overseers of the WeillCornell Medical College andGraduate School of Medical Sci-ences.

He is the Vice Chairman ofthe Greek Orthodox Archdioceseof America’s Archdiocesan Coun-cil’s Executive Committee and isone of the Original Founders ofLeadership 100 and FAITH: AnEndowment for Hellenism andOrthodoxy.

He states, “It is particularlyimportant to Mary and me togive back to institutions whichhave truly inspired us and mayhelp open doors for young peo-ple and the community. We be-lieve that our Hellenic cultureand Orthodox faith provided thefoundation for our values and

identity." The Jaharises reside in New

York. They have two childrenand five grandchildren.

5.GEORGE L.ARGYROS$1.9 BIllION rEAl ESTATE,INVESTMENTS

Ranked 250th on Forbes 400with an estimated net worth of$1.9 billion, George Argyros, 75,made his fortune in grocerystores and real estate.

He earned his bachelor’s de-gree at Chapman University. Asecond-generation American ofGreek descent, he was born inDetroit, Mich. and raised inPasadena, Ca. He went into realestate in 1962, selling land atbusy intersections to gas sta-tions. Today, his privately heldArnel & Affiliates owns andmanages 5,500 apartments and2 million square feet of commer-cial space. Argyros founded theprivate equity firm Westar Capi-tal in 1987. He is a board mem-ber and the leading investor,with a reported 20 percent, insoftware development firm DSTSystems (NYSE:DST) whosemarket capitalization is about$2.15 billion.

Former President George W.Bush appointed him U.S. ambas-sador to Spain in 2001, afterleading GOP fundraising effortsin California in 2000. He hosteda $25,000-per-couple dinner forU.S. Senator and then-presiden-tial hopeful John McCain (R-Ari-zona) at his home in 2008. Ar-gyros also served on the FederalHome Loan Mortgage Corpora-tion (FreddieMac) under Presi-dent George H.W. Bush.

Argyros resides on Harbor Is-land in Newport Bay, Ca. He is arecognized business leader andphilanthropist. He was the 1993recipient of the Horatio AlgerAward of Distinguished Ameri-cans, and a 2001 recipient of theEllis Island Medal of Honor.

Chapman’s School of Businessand Economics was renamed inhis honor in 1999. He has servedon the board of trustees for sev-eral community organizations,including the California Instituteof Technology, the BeckmanFoundation, the Horatio AlgerAssociation, and Chapman Uni-versity. He owned baseball’sSeattle Mariners between 1980and 1989. In January 2012, hebecame a member of the Boardof Regents of the Orange CountyCouncil Boy Scouts of America.In April 2011, he and his wifemade a $5 million gift to an am-bulatory surgery center at theUniversity of California. He is anArchon of the Ecumenical Patri-archate’s Order of St. Andrewthe Apostle. Argyros and hiswife, Julia, have three childrenand seven grandchildren.

www.arnel.com

6.C. DEANMETROPOULOS$1.2 BIllION -MANAGEMENT,ACQuISITIONS

Dean Metropoulos, 66, isvery well known in the privateequity, investment banking andfinancial community, havingspent the past two decades ac-quiring, restructuring and grow-ing numerous businesses in theU.S., Mexico and Europe. Manyof these were subsequentlytaken public or sold to strategiccorporations.

Metropoulos is Chairman andCEO of Metropoulos & Co., aboutique buyout and manage-ment firm. His sons, (Evan, 32and Daren, 29) are and havebeen an integral part of the turn-around of the acquired compa-nies. The brothers purchased thehistoric Pabst Brewing Companyin 2010. Pabst is today’s fastinggrowing U.S. brand.

Metropoulos & Co. focuses onthe acquisition and operation ofcompanies with consumer brandproducts, and has been involvedin more than 76 acquisitions in-volving over $12 billion in in-vested capital since 1990.

Dean Metropoulos says: “Ilove finding opportunities, ne-gotiating the deals, and reposi-tioning the companies into vi-brant, growing businesses.... Ifwe’re proud of anything, it is ourcommitment to integrity and thefact that we have never lostmoney with any of our acquisi-tions in which we have averaged44 percent returns over a twentyfive year period.” AlthoughMetropoulos & Co. has partici-pated in several industrial acqui-sitions including National Wa-

terWorks acquired from FrenchVivendi and subsequently soldto Home Depot, it is best knownas the #1 acquirer and reviverof hundreds of iconic consumerbrands; a few of which include:Chef Boyardee, PAM, BumbleBee, Jiffy Pop, Gulden’s, Vlasic,Swanson, Duncan Hines, AuntJemima, etc. The list also in-cludes many European brandslike Mumm and Perrier Jouetchampagnes and numerous U.K.brands that were part of Hills-down Holdings, an $8 billionholding company thatMetropoulos restructured andrepositioned and took the foodcompany public in 2004. Today,Premier Foods is the U.K.’slargest food company.

Other well-known businessesMetropoulos & Co. have owned,include Stella Foods, the Morn-ingstar Group, GhirardelliChocolate Company and DelMonte Mexico.

Most recently Metropoulos &Co. was approved as the leadbidder for the iconic brand Host-ess (Twinkies, Dolly Madison,etc.).

Born in Greece, his familymoved to America when he wasnine years of age. His parents,typical of many immigrants,worked hard and encouragedtheir children to pursue theirdreams. Dean is ever mindfuland very grateful for their sacri-fices and commitment.

Metropoulos went to collegeon a scholarship, and after grad-uate school at Babson Collegeand a year and a half towardshis doctorate at Columbia, hewent to work for the GTE Cor-poration, which is now Verizon.After graduate school Metropou-los joined GTE International andbecame its youngest senior vicepresident responsible for theirinternational business in 62countries.

Dean Metropoulos and hiswife Marianne live in Green-wich, Connecticut.

6.PETER G.PETERSON$1.2 BIllION, INVESTMENT

In 2012 he was ranked 360thon the Forbes 400 and 1,153rdon Forbes’ World's Billionaires.Peter G. Peterson, 86, has moveddown in these lists as his dona-tions have gone up. He made hisfortune as the co-founder andformer chairman of the Black-stone Group, one of the world’slargest investment firms with 24offices around the world.

Peterson co-founded Black-stone with Stephen Schwarzmanin 1985 with $400,000; thefirm’s private equity funds ownor have interests in 80 compa-nies. The company went publicin June 2007 at $31 a share. Pe-terson retired from the companyin late 2008, receiving $1.85 bil-lion in cash upon exiting, beforetaxes and meeting several trustand charitable obligations.

The son of Greek immigrants,Mr. Peterson grew up in Ne-braska. He studied at Northwest-ern University, where he gradu-ated summa cum laude, andearned his MBA from the Uni-versity of Chicago with honors.He was CEO of Bell and Howellfrom 1963 to 1971. He servedas Secretary of Commerce under

President Nixon, and becamechairman of Lehman Brothers in1973. He also chaired the Fed-eral Reserve Bank of New Yorkfrom 2000 to 2004. He is the au-thor of several books, includinga 2009 memoir "The Educationof an American Dreamer: Howa Son of Greek ImmigrantsLearned His Way from a Ne-braska Diner to Washington,Wall Street, and Beyond" andspeaks frequently about issuesof fiscal responsibility. Petersonnow dedicates his time to hisfoundation and other charitableactivities. Established in 2008,the Peter G. Peterson Foundationis a nonpartisan organizationdedicated to increasing public

awareness of the nature and ur-gency of key fiscal challengesthreatening America's long-termfuture, and to accelerating ac-tion on them. The Foundationworks with leading thinkers, pol-icy experts, elected officials andthe public to build support forefforts to put America on a fis-cally sustainable path.

He’s among the U.S. billion-aires who decided to take theGiving Pledge in 2010 to givemuch of their wealth to charity.The Giving Pledge was initiatedby Warren Buffett and Bill GatesJr. He is also chairman emeritusof the Council on Foreign Rela-tions and founding chairman ofthe Peterson Institute for Inter-national Economics.

Peterson now resides in NewYork. He is married to Joan GanzCooney, founder and formerchairman of Children’s Televi-sion Workshop (“SesameStreet”), and is the father of fiveand grandfather of nine.

7.ALEX G. SPANOS& FAMILY$1.1 BIllION rEAl ESTATE,PrOFESSIONAl FOOTBAll

Alex G. Spanos, 89, owns theNational Football League’s SanDiego Chargers. His family isranked 375th on Forbes’ 400Richest Americans list. His for-tune increased since 2004, andthen dropped some with the re-cent plunge in the real estatemarket. The rising value of theChargers – now worth $936 mil-lion (purchased for $70 millionin 1984) - has offset the real es-tate losses. In 2008, Forbes listedA.G. Spanos Companies as the403rd largest privately held firmin the country, with estimatedrevenues of $1.13 billion.

The son of Greek immigrants,Spanos received his bachelor’sdegree at the University of thePacific. He began his career as abaker, but then in 1951 he usedan $800 loan to purchase apanel truck and began sellingsandwiches to farm workers. Hethen used his profits to invest inreal estate, and by 1960, he hadan incorporated business. Today,his firm is one of America’slargest housing developers, andis one of the largest family-owned construction and prop-erty management company inthe United States. It has builtmore than 100,000 units in 19states.

Spanos was inducted into theCalifornia Building Industry Hallof Fame in 2005. He bought 60percent of the Chargers from

Continued on page 12

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then-majority owner EugeneKlein in 1984. Over the next tenyears, he bought out the sharesof several small co-owners,bringing his control of the teamto 97 percent. His son Dean nowmanages the team. Spanos, oneof the largest single private con-tributors to the Republican Partyduring Presidential electionyears, helped to raise over $2million for Sen. John McCain’s2008 Presidential bid. PresidentBush appointed Spanos to theKennedy Center board in 2004.Spanos has also contributed mil-lions to schools, hospitals andcharity. He received the Medalof the Commander of the Orderof Honor from Greek PresidentKarolos Papoulias in 2008.

Spanos has turned the reinsof the company over to his twosons and prefers to play cardswith his friends. “What the heckI’m 85 years old, and my kidsare doing a good job. It’s theirturn now,” he told TNH in 2009.In 2002, Spanos published hisautobiography entitled “Sharingthe Wealth: My Story.” He andhis wife, Faye, with whom hecelebrated 63 years of marriagein 2011, have four children, 15grandchildren and three greatgrandsons.

8.THE CALAMOSFAMILY$1 BIllION MuTuAl FuNDS

John P. Calamos, Sr., 72,earned both his bachelor’s de-gree in economics and his MBAfrom the Illinois Institute ofTechnology. A son of Greek im-migrants, he is a product ofChicago public schools, andgrew up above his family’s gro-cery store on Chicago’s westside. He developed his passion

for the stock market as ateenager after investing his par-ents’ $5,000 nest egg.

After earning his MBA, he be-came an early authority on con-vertible securities, and launchedCalamos Asset Management in1977. His money managementfirm serves institutional clientsand manages mutual funds. Thecompany offers strategiesthrough separately managedportfolios, mutual funds, closed-end funds, private funds andUCITS funds. Clients includemajor corporations, pensionfunds, endowments, foundationsand individuals. Headquarteredin Chicago metropolitan area,the firm also has offices in Lon-don and New York. The com-pany went public in 2004.

Calamos is chairman, CEOand Global Co-CIO of CalamosInvestments, which he runsalong with his son John andGary Black, who replacedCalamos' nephew Nicholas P.Calamos. Nephew Nicholas re-signed from that position lastAugust, although he still remainson the Calamos board. Black'sappointment secured CalamosInvestments' acquisition of BlackCapital LLC, which Blackfounded in 2009.

A recognized expert in risk-managed investing, Calamoswas worth $2.7 billion a fewyears ago, according to Forbes.Though the 2008 financial crisiswas challenging, the firm is re-covering nicely with $30.6 bil-lion under management at theend of 2012. Calamos also has aprivate real estate arm, CalamosReal Estate LLC, which includesHotel Arista, CityGate Centreand other entities that surroundthe investment company’s head-quarters in Naperville, IL. He haswritten two books, writes for in-vestment industry publications

and is interviewed regularly byCNBC and Bloomberg TV.

Calamos was the first mem-ber in his family to graduatefrom college. He served in theU.S. Air Force, flying the B-52Bomber, as a combat pilot inVietnam and as a Forward AirController. He later spent twelveyears in the USAF Reserves fly-ing the A-37 jet fighter and earn-ing the rank of Major. He keepshis aviation skills honed by fly-ing his Marchetti SF260 War-bird. He credits his Air Forcetime for sharpening his risk as-sessment skills.

He is a member of the Invest-ment Analysts Society ofChicago and is on the board ofdirectors of Chicago’s new Na-tional Hellenic Museum, ofwhich he is a major benefactorand Chairman of the Board. Hesays of the museum: “We havebuilt a national institution tohonor our parents and grand-parents, to honor our rich Hel-lenic history.”

www.calamos.com

8.GEORGE M.LOGOTHETIS &FAMILY$1 BIllIONSHIPPING/AVIATION/rEAlESTATE/ENErGY/HOSPITAlITY

George M. Logothetis, 38, isthe founding Chairman and CEOof Libra Group, consisting of 30subsidiaries with companies op-erating out of 25 offices world-wide.

He founded the privatelyowned group with his brotherConstantine M. Logothetis in2003. Today George Logothetisis based in New York, while hisbrother, the Executive ViceChairman of the Group, is basedin London.

The diversified group wasbuilt upon the decades of workof their father, shipownerMichalis G. Logothetis, who ison the Libra Group’s board andis a senior advisor. A series ofstrategic steps by the youngergeneration allowed them to ex-tend into new areas at a timewhen many shipping companieswere strained.

George M. Logothetislaunched his career at the familybusiness in London in 1993,when he joined Lomar Shipping,the group’s U.K.-based shipown-ing and management group,which at the time had just twoships. In 1995, at the age of 20,

he became its CEO. Under hisleadership, Lomar expanded thenumbers of ships they ownedmany times over. Then Lomarsold 67 of them between 2004and 2006, investing the profitsin many non-shipping sectors.Finally, in 2009, Lomar acquiredAllocean Group for $325 million,a buy considered a bargain. Lo-mar has recently started order-ing nearly 20 new fuel-efficientUltramax and container shipsmade in China.

The group followed a similarpatter with its aircraft leasingbusiness, Dublin, Ireland-basedLease Corporation International(LCI). The company waslaunched in 2004, only to sellits entire 21 aircraft fleet in 2007for $1 billion. The company theninvested in a new fleet of some35 aircraft leased to companiesincluding Singapore Airlines,British Airways and Air France.In early 2012, LCI signed a $400million order with AgustaWest-land helicopters. The company’saviation leasing division has ac-quired aircraft valued at $5 bil-lion since its formation.

Libra Group’s real estate port-folio spans much of the planet,with properties and offices in theNorth and South America, Asiaand Europe. Libra Group ownsand runs a total of some 40 ho-tels and restaurants, including10 hotels under development.The group’s Grace Hotels brand,which began on Greek islands,is now found world-wide: in-cluding the new VanderbiltGrace Hotel, in a historic man-sion in Newport, R.I. and an-other in Beijing, plus a hotel spaplanned for Kennebunkport, Me.

In Greece, Romania andLatvia, Libra Group’s EuroEn-ergy has invested in solar energyparks, wind farms and biogasplants, while in the U.S. they

have invested in the biofuelsmarket. Their Greenwood En-ergy is based in Greenbay, Wisc.

The list of group subsidiariesincludes travel writer/TV hostLeon Logothetis’ Principal Me-dia, which has provided TV pro-gramming since 2005. Other di-versified investments include aninterest in a London-based finan-cial services company and ChiosHeritage mastic tree farm invest-ments. Libra Capital is the in-house investment managementcompany and Libra Group Ser-vices, the in-house legal and ad-ministrative and corporate sup-port company service tocompanies within the groupbased in the U.K.

Logothetis and his wife Nitzia(formerly Nitzia Embiricos) arebased in New York City and havetwo sons. George and Nitziafounded Seleni Institute in 2011with the aim of addressingwomen’s reproductive and ma-ternal mental health through re-search of support and advocacy.Also in 2011, the group createdan International Internship Pro-gram in collaboration with TheAmerican College of Greece inAthens and the U.S.-based GreekAmerica Foundation, giving 30young people per annum the op-portunity to work at the group’skey locations around the world.

In November 2012, Libracommitted €5 million towardfunding the Hellenic Entrepre-neurship Award, a new annualaward program launched by theHellenic Initiative founded byAndrew Liveris, who is also onthis list. Logothetis serves on theexecutive committee along withLiveris. The Hellenic Initiative’saim is to create opportunity andemployment in Greece byawarding business start-upfunds of between €100,000 and€500,000 to budding Greek en-trepreneurs.

www.libra.com

8.KOSTA & TOMKARTSOTIS$1 BIllION WATCHESlEATHEr ACCESSOrIES

Kosta Kartsotis, 60, is CEO &Chairman of Fossil Inc., and TomKartsotis, 53, former chairmanand CEO of the company. Fossilis based in Richardson, Texas. Itsells products in 120 countriesaround the world. In 2010 stockprices more than doubled for thecompany, with a 40 percent in-crease in global sales. Kosta Kart-sotis holds a 9.4 percent share

in the company. Forbes talliedhis earnings at $21 million injust a week in 2011, noting thathe held some $655 million ofthe stock – and his brother, “amere $389 million worth of Fos-sil stock.”

Founded by Tom Kartsotis in1984, Fossil is a designer andmanufacturer of clothing and ac-cessories, primarily watches andjewelry, but also sunglasses andwallets. Its brands include Fossil,Relic, Abacus, Michele Watchand Zodiac. Fossil watches arecommon in middle-income retailstores, as well as at most depart-ment stores. Fossil also branchedinto the sale of leather goodsand other accessories in the1990’s. Fossil also designs, man-ufactures and distributes withBurberry, DKNY, Emporio Ar-mani, Columbia Sportswear,

Diesel, Michael Kors, Marc Ja-cobs and Adidas. Fossil also pro-duces collectibles, some of whichare based on popular films orpop culture characters. It madenews in 2011 by acquiring com-petitor Skagen Designs.

The company now offerssmart watches that would linkto phones via Bluetooth.

Tom Kartsotis also owns theTexas company Bedrock Brands.

www.fossil.com

9.GEORGE D.BEHRAKIS$930 MIllIONPHArMACEuTICAlS

George D. Behrakis, 78, isfounder and chairman ofMythos, LLC, a private invest-ment company based in Lexing-ton, Mass. He is also chairmanof Gainesborough Investments,launched in 1998. A 1957 grad-uate of Northeastern Universityin Boston, Behrakis also studiedat Boston University, and is a rec-ognized leader in the pharma-ceutical industry. He becamebest known, perhaps, for his tal-ent in solubilizing previously in-soluble chemicals and makingthem stable for medical use.

After completing his militaryservice, Behrakis began his ca-


The 50 Wealthiest Greek Americans ListContinued from page 9


reer at McNeil Laboratories (adivision of Johnson & Johnson).In 1968, he founded DoonerLaboratories which developedand manufactured a leadingasthma medication, Slophyllinand Slobid. He sold the companyto Rhone-Poulenc Rorer (nowAventis) and purchased oph-thalmic firm Muro Pharmaceu-ticals in 1978. Behrakis sold hiseye care products to Bausch andLomb and searched for newproducts, including pharmaceu-ticals for asthma and allergies.Behrakis sold the firm to Asta-Medica AG, a division of Germanconglomerate Degussa, retiringas president & CEO in 1998.

Behrakis is the son of Greekimmigrants. He and his wifeMargo have established chairsand scholarships at various uni-versities and medical centers. In2003 Northeastern Universityand Medical Center opened theBehrakis Health Science Build-ing and also created the Centerfor Drug Discovery.

A recipient of many awardsfor his contributions to business,science, the arts and the GreekOrthodox Church, he sits on theboard of The Boston SymphonyOrchestra and is emeritus chair-man of Northeastern University.He has served on many boardsof both public and private com-panies. He is on the advisoryboard of the Harvard School ofPublic Health.

Perhaps no institution has re-ceived as much from Behrakisas the Boston Museum of FineArts. His relationship with themuseum dates back to his highschool days, when his uncle,John Zaroulis, took him to seethe galleries. Later, Behrakiswould host parties at the Mu-seum. He became a member in1989, a patron in 1996, and anoverseer in 1998. Then, one dayin 2001, Behrakis showed up forlunch with MFA Director Mal-colm Rogers and handed him asealed envelope. Inside was acheck for $2 million to endowChristine Kondoleon’s positionas curator of Greek & RomanArt. He has given $25 million tothe museum since 2006 and themuseum now has the newGeorge D. and Margo BehrakisWing, which houses Greek, Ro-man and Egyptian Galleries.

In 2010, Mr. Behrakis gave a$1.8 million grant to a HarvardUniversity School of Public

Health study on smoking inGreece. He has also given to theacademy of Athens to continuestudying the effects of study. In2011, the 50-year-member ofAHEPA was honored with the or-ganization’s Archbishop IakovosHumanitarian Award in Orange,Cοnn.

Behrakis, a former presidentof the Holy Trinity Greek Ortho-dox Church in Lowell, Mass., isa member of the ArchdiocesanCouncil’s Executive Committee,and an Archon of the Ecumeni-cal Patriarchate. He is ChairmanEmeritus of Leadership 100.Behrakis also publishes the Hel-lenic Voice. He and his wifeMargo have been married for 50years and have four children andnine grandchildren.

www.thehellenicvoice.com

10.GEORGESAKELLARIS$750 MIllION ENErGY,ENVIrONMENT

Born in Vassara in Laconia,Greece, George Sakellaris, 66,heads one of the largest energysolutions companies in NorthAmerica. His companyAmeresco, Inc. (NYSE: AMRC),which is based in Framingham,Mass., specializes in providingenergy efficiency, infrastructureupgrades, renewable energy, andenergy information manage-ment solutions. George Sakel-laris, President and CEO as wellas Chairman of the Board of Di-rectors of Ameresco, foundedthe company in 2000. Today ithas 63 offices in 34 states andfive Canadian provinces and em-ploys more than 900 profession-als. “Green. Clean. Sustainable”is the motto of the company thatincreases energy efficiency forfederal, state and local govern-ments, healthcare and educa-tional institutions, housing au-

thorities, and commercial andindustrial customers.

One of its notable projects in-clude the recently completed De-partment of Energy SavannahRiver Site Biomass CogenerationProject in Aiken, S.C., which at$795 million is the largest re-newable energy savings perfor-mance contract in the UnitedStates. Ameresco also recentlyannounced the completion of a$21.1 million energy savingsperformance contract with theCity of Lowell, Mass., in additionto their start of construction ona 1.5 megawatt ground-mounted photovoltaic system atthe City’s capped-landfill site.

Ameresco prides itself in go-ing beyond just conservation toaddress its customers’ entire en-ergy system, including supplyand demand, energy efficiencyand renewable energy.

Sakellaris has this to sayabout his sustainability business:“We have a sharp focus on ourcustomers’ needs for compre-hensive energy efficiency ser-vices and budget-neutral solu-tions, particularly in today’senvironment of aging infrastruc-ture and budgetary constraints.As an entrepreneurial, technol-ogy-agnostic company,Ameresco is in the best positionto offer our customers the opti-mum solutions to suit their re-quirements.” He continues, “Be-ing in the service business 'youare as good as your people.' Wealways strive to hire and retainthe best in our field.”

The company’s revenues con-tinued to climb in 2011. In No-vember, they announced thattheir total revenues for 2011,$728.2 million, were up 17.8percent over the previous year’s,with a net income improvementof 21 percent year-over-year.

After graduating from highschool in Greece, Sakellaris ar-rived in Bangor, Maine, as a col-lege exchange student in 1965to go to college. He spoke littleEnglish when he first enrolledat the University of Maine-Orono, but worked his waythrough college and earned aB.S.E.E. degree, driven by a loveof mathematics and the sciences.His parents arrived in the U.S.in 1969 and the family settledin Boston. He then worked at lo-cal utility New England Electri-cal Systems (NEES), earning anM.B.A. and M.S.E.E. from North-eastern University along the way.Then, Sakellaris explains, “in1979, while working for NewEngland Electric, NEES Manage-ment wanted to establish a com-pany to promote energy effi-ciency to avoid the need to buildnew generation plants. Theyasked me to lead that initiativeand I welcomed the challenge.”

The subsidiary he launchedwas called NEES Energy. Thenin 1990, Mr. Sakellaris pur-chased NEES Energy and it be-came the energy conservationcompany he re-namedNORESCO. In 1997, he sold thatindustry-leading independentenergy services company to Eq-uitable Resources (EQT), a For-tune 500 company. Sakellariscontinued to lead NORESCOand was appointed as a SeniorVice President of Equitable Re-sources. In January 2000, he leftEQT and three months laterfounded Ameresco.

Sakellaris is a DistinguishedMember Inductee of the FrancesCrowe Society at the Universityof Maine, which gave him theEdward T. Bryand DistinguishedEngineer Award in 2007. Hisawards include winning an Ernst& Young Entrepreneur of TheYear 2011 New England award,and most recently BusinessLeader of the Year 2012 forLarge Business by the WorcesterBusiness Journal.

Among his support for nu-merous educational institutionsin Massachusetts and Maine isestablishing an endowment atUMass Lowell in memory of hismentor, the late Senator PaulTsongas. He is a member of theFaith Endowment and Leader-ship 100, an Archon of the Orderof St. Andrew and a major bene-factor of his local church, SaintCatherine Greek OrthodoxChurch.

Sakellaris served as a found-

ing member of the National As-sociation of Energy Service Com-panies (NAESCO). He is a for-mer President of NAESCO andstill an active member. In 2005,he was invited to join the Clin-ton Climate Initiative, launchedby former President Bill Clinton.He is also a registered Profes-sional Engineer in Massachu-setts. A committed outdoors-man, he has run in five BostonMarathons; Sakellaris also com-petes in sailing, with his Mini-Max boat Shockwave frequentlyplacing in sailing regattas. Helives in Milton, Mass., with hiswife, Cathy, and children,Christina and Peter.

10.EFSTATHIOS(STEVE)VALIOTIS$750 MIllION rEAl ESTATE

Efstathios Valiotis, 66, is pres-ident and founder of the Asto-ria-based Alma Realty Corpora-tion, one of the largest realestate firms in the New Yorkmetropolitan area. He was bornin Vordonia, Greece, nearSparta, and immigrated to theUnited States in 1972. Heworked in the food industry and,within two years, purchased anewsstand and a food mart fol-lowed by a pizzeria. His nextventure was establishing a cus-tom-made furniture business,Knossos Inc., in Astoria in 1976.Within two years, the businessexpanded to include two retaildisplay stores on Manhattan’sPark Avenue and Sixth Avenueand a furniture-manufacturingfactory in Queens. Valiotisowned and actively managedKnossos until 1994.

In 1978 he began his highlysuccessful career investing inreal estate. Since then, Valiotis’expertise in acquisition and de-velopment has included the pur-chase, sale, construction andmanagement of both residentialand commercial properties. In1983, Valiotis founded his ownfirm, known as Alma Realty Cor-poration. Alma serves as the ves-sel through which Valiotis devel-ops, builds, manages andacquires real estate. He has builta diverse portfolio over the lastthree decades including multi-family residential buildings,commercial buildings, ground-up construction of residentialand commercial buildings and aretail shopping center. Alma Re-alty also owns and manages over10,000 apartments of market

and affordable housing proper-ties in New York and New Jerseyas well as over 5 million squarefeet of commercial property. Heis committed to investing andimproving communities by pro-viding safe and well-maintainedresidential and commercial de-velopments. Valiotis establishedhis construction company, Vor-donia Construction Corporation,in 1988, which serves as thegeneral contractor for the ma-jority of his projects. VordoniaContracting and Supplies Corp.is another subsidiary of Alma.

In 1989, Valiotis, along withseveral other investors, formedMarathon National Bank. Heserved as chairman of the bank’sboard of directors and as a mem-ber for ten years. Marathon wasacquired by Piraeus NationalBank of Greece in 1999. In 2007,he formed Alma Bank, in whichhe is a majority shareholder. Heserves as Chairman of the Advi-sory Board. The bank, createdwith the highest capital invest-ment in a New York State com-mercial bank, is rapidly expand-ing, with ten branches andseveral more branches to come.The bank started with $50 mil-lion in capital and in four yearshas grown to $750 million ingross assets.

Valiotis earned his degree inTheology from the University ofAthens. He is a major supporterof the St. Demetrios Cathedraland School in Astoria. Valiotis isa big benefactor too of the HolyCross Greek Orthodox Church,School and Community Centerin Whitestone; the church’s Efs-tathios and Stamatiki ValiotisGreek American School wasnamed after him and his wife.Mr. Valiotis never forgot hisroots and hometown and he fi-

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nanced and built a T.E.I. (tech-nical college) in his hometownof Sparta, which also bears hisname and currently enrolls2,000 students. A firm believerin education, he supports vari-ous educational institutions. Heis married to StamatikiKousoulas and they have threechildren, Sophia, Katerina, andGeorge, and one grandchild.

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11.JOHNPAYIAVLAS$650 MIllION FOODINDuSTrY

John Payiavlas is chairman ofAVI Foodsystems, the country’slargest independent, family-owned and operated contractfood service company, providingvending, institutional dining andcoffee service operations.

Payiavlas, the son of Greekimmigrants, traces his com-

pany’s beginning to purchasinga few vending machines for thefamily’s Village Café in hishometown of Warren, Ohio.Founded in 1960, AVI currentlyemploys thousands, serves mil-lions of consumers daily, andserves some of the most presti-gious institutions in America, in-cluding industrial centers, cor-porate headquarters complexes,universities, school systems andhealthcare facilities throughoutthe Midwestern and easternUnited States. Their clients in-clude Carnegie Mellon Univer-sity, Eastman Kodak, Good Year,Honda of America Manufactur-ing, Kmart, Kraft Foods, OhioState University, Phillips, ToyotaMotor Manufacturing, Univer-sity of Pittsburgh Medical Cen-ter, UPS, the U.S. Postal Service,

Toyota Motor Manufacturing,Verizon, and Xerox. Intenselyprivate, Payiavlas runs the com-pany as chairman of the board,while his son Anthony is Presi-dent and CEO and his daughterPatrice (Patsy) serves as ViceChairman. Based in Warren, AVIhas more than 50 branch officesin the Midwestern and EasternUnited States, and makes $2 bil-lion in sales annually. The com-pany expanded into Georgia in2010, and broke ground on an84-room hotel in California, Pa.in 2011. In 2012, AVI introducedMarket C, a turn-key conve-nience store offering fresh selec-tions 24 hours a day, accessedthrough an account card.

Payiavlas and his wifeMarissa were honored in 2006with the Cleveland Clinic’s Dis-tinguished Fellow Award. In2000, he was inducted into theBusiness Hall of Fame of North-east Ohio's Inside Business Mag-azine (ibmag.com). Payiavlastraces his origins to the islandof Chios. He is a Life-Time Chair-man of the Archbishop IakovosLeadership 100 EndowmentFund and an Archon of the Ecu-menical Patriarchate.

www.avifoodsystems.com

12.JAMES S.CHANOS$600 MIllION INVESTMENT

James S. Chanos, 55, is thefounder and president ofKynikos Associates, the world’sbiggest short-selling hedge fund.A second-generation Greek-American, Chanos grew up inMilwaukee, Wisc. His fatherowned a chain of dry cleanersin Milwaukee and his motherworked as an office manager ata steel company. He foundedKynikos Associates (in Greek,kynikos means cynic) in 1985after a Wall Street career as afinancial analyst with PaineWebber, Gilford Securities andDeutsche Bank. Jim Levitas, hisformer boss, partnered withChanos to launch Kynikos Asso-ciates with $16 million. A yearlater, Levitas, unable to endurethe stress of short selling, leftthe company. The company’s as-sets under management are cur-rently $6 billion. Kynikos has of-fices in New York and London.

Chanos has a long history ofmaking shrewd predictions hav-ing identified several financialmeltdowns such as BostonChicken, Conesco and Tyco In-ternational. In 2000 he started

investigating Enron Corpora-tion. In 2001, predicting thecompany’s financial problems,he became Enron’s short seller.By the time the Enron scandalwas public, Kynikos Associatesprofited greatly. Financial mag-azine Barron’s mentioned hisearly prediction of Enron’s fallas “the market call of thedecade, if not the past fiftyyears.” Later on, he successfullypredicted Sotheby’s stock drop–it plummeted in November2007 from $57 to $10. In 2011,he began shorting computermanufacturer Hewlett Packard,when it acquired British soft-ware company Autonomy. Sincethat time, HP’s stock price hasfallen 22.5 percent, and lastSeptember HP announced itwould eliminate 29,000 jobsthrough the end of its 2014 fis-cal year.

In March 2006, Chanos cre-ated the Coalition of Private In-vestment Companies, an orga-nization aiming at promotinghedge funds in Washington. Re-cently, the lobbying group hasshifted its attention to Europe.

He appears regularly in theAmerican media giving financialadvices and predictions. He haslong been considered a “mediaoperator” with a strong relation-ship with journalists that respectand promote his ideas. He con-tinues to regularly declare thatChina’s economy will crash.Chanos is a graduate of YaleUniversity, where he studiedeconomics and political science.He was divorced in 2006 andlives in New York City with hisfour children.

12.JOHNPAPPAJOHN$600 MIllION VENTurECAPITAlISM

John Pappajohn, 84, is pres-

ident of Equity Dynamics andPappajohn Capital Resources, ofwhich he is also sole proprietor.Equity Dynamics is a financialconsulting entity; PappajohnCapital Resources is a venturecapital firm. Both are located inDes Moines, Iowa.

He serves as director on theboards of two publicly tradedcompanies: Conmed HealthcareManagement Inc., AmericanCareSource Inc., and CNS Re-sponse, Inc., a company whichuses EEG-generated biomarkersfor use in personalized medicinein psychiatry. Mr. Pappajohn hasserved as Director in over 40public companies.

Pappajohn emigrated fromEvia, Greece to the UnitedStates when he was just ninemonths old. His father diedwhen he was 16 years of age,and he had to work to pay hisway through college. He gradu-ated from the University ofIowa’s College of Business Ad-ministration in 1952. Through-

out his career as a venture cap-italist, he has been an earlyinvestor in over 100 companies,most of which are dedicated tobiomedical and biotechnologyindustries.

He and his wife Mary havepartnered in philanthropic en-deavors, which have providedmillions for scholarships, busi-ness opportunities and commu-nity enhancements. His charita-ble donations include the John& Mary Pappajohn Clinical Can-cer Center, and Pappajohn En-trepreneurial Centers at fiveIowa universities and colleges.To date, over 130,000 collegestudents have taken part in thelatter, which have sparked 4,400new businesses. The PappajohnScholarship Foundation has dis-tributed over $3.2 million in

grants to support ethnic, disad-vantaged, and/or minority stu-dents over the past 10 years.

In September 2009, the DesMoines Pappajohn SculpturePark opened, featuring $40 mil-lion of the avid collector cou-ple’s outdoor sculptures fromtheir personal collection. In De-cember 2010 the Pappajohnspledged $26.4 million towardsa new University of Iowa bio-medical research building. Thecouple have gifted over $100million in various philan-thropies.

He has demonstrated a greatlove for the fine arts: he wasnamed by Art News Magazineas one of the top 200 collectorsin the world from 1997-2012.He was appointed to the advi-sory board of the John F.Kennedy Center for the Perform-ing Arts in Washington, D.C. byPresidents Ronald Reagan andGeorge Bush.

He currently serves on theNational Committee of the Per-forming Arts for the KennedyCenter. He also serves as a mem-ber of the Trustees Council ofthe National Gallery of Art aswell as serving on their Collec-tors Committee (formerly Chair-man). He is a member of theboard of Trustees of the Hirsh-horn Museum in Washington,D.C. and National Committeewith the Whitney Museum inNew York City, and Honorary Di-rector at the Des Moines ArtCenter.

Pappajohn’s church activitiesinclude the Greek OrthodoxArchdiocese of America Arch-diocesan Council and former ex-ecutive committee, and Leader-ship 100 board of directors. Hereceived the title of Archon fromthe Ecumenical Patriarch ofConstantinople in 2000.

Pappajohn is the recipient ofmany prestigious awards, in-cluding the Horatio Alger Award(1995), the Ellis Island Medalof Honor (2000) and theWoodrow Wilson InternationalCenter Award for Corporate Cit-izenship (2007). He is the firstIowan and the second GreekAmerican (Pete Peterson wasthe first) to receive theWoodrow Wilson Award. He hasreceived four honorary doctor-ate degrees.

Pappajohn lives in DesMoines with his wife, Mary.They have one daughter, AnnVassiliou.

www.pappajohn.com

13.TED J.LEONSIS$590 MIllION INTErNET,VENTurE CAPITAl,PrOFESSIONAl SPOrTS

Ted J. Leonsis, 56, is vicechairman emeritus of AmericaOnline. Leonsis is also thefounder, chairman and majorityowner of Monumental Sportsand Entertainment, formed inJune 2010, as he merged hisLincoln Holdings LLC (includingthe National Hockey League’sWashington Capitals, worth anestimated $225 million, up by$28 million over last year, andthe WNBA’s Washington Mys-tics) and Washington Sports &Entertainment Limited Partner-ship. To create the new com-pany, Leonsis purchased the re-maining 56% of WashingtonSports & Entertainment that hedidn’t own, giving him full own-ership over the National Basket-ball Association’s WashingtonWizards, the Verizon Center andthe Baltimore-Washington Tick-etmaster franchise. MonumentalSports and Entertainment alsooperates Kettler Capitals Iceplexand George Mason UniversityPatriot Center.

After surviving an airplanecrash landing in 1983, hedrafted a list of 101 things todo in life, and has completed 82of the tasks; his $1 billion networth aim may be realized in afew years. (See the list atwww.tedstake.com.)

Few people have roots asdeep in the computer industry,or as much knowledge and ex-perience of its history and po-tential. A pioneer of the Internetand new media, Leonsis partic-ipated in launches of the AppleMacIntosh, the IBM PC and theWang office automation. He hasled four businesses that havegrown at record rates: He built



Wang WP (the first word proces-sor) from a $200 million to a$1 billion company with thelargest female managementteam in the country. He wasfounder & CEO of Redgate Com-munications Corporation, con-sidered the first new media mar-keting company. He built AOLinto the first $1 billion interac-tive services company and theworld’s biggest media company,helping to increase its member-ship from fewer than 800,000to more than 8 million in a four-year span (1994-97). He hasalso boosted the Capitals’ atten-dance and revenues.

Leonsis was born to a familyof modest means in Brooklyn,and spent his early years there.His family moved back to hismother’s hometown of Lowell,Mass. He graduated from LowellHigh School in 1973 and at-tended Georgetown University.After graduating in 1977, hemoved back to his parents’home in Lowell and beganworking for Wang Laboratories.In 1980, Leonsis started his owncompany, which grew quickly,and sold it to InternationalThompson for $60 million in1981. He then started Redgate,which he sold to AOL in 1993,commencing his relationshipwith the once-pervasive AOL,completing his tenure as the au-dience group’s president andvice chairman before steppingdown in 2006. He is also a part-ner at Revolution Growth Fund,vice president and member ofthe board of Groupon, andfounder/chairman of Snag-Films.

14.P. ROYVAGELOS, M.D.$550 MIllIONPHArMACEuTICAlS,HEAlTHCArE

Dr. P. Roy Vagelos, 83, servedas Chairman and CEO of phar-maceutical giant Merck & Co.from 1985 to 1994. He joinedthe worldwide health productsfirm in 1975 as senior vice pres-ident of research, and becamepresident of its research divisionin 1976; starting in 1982, heserved as senior vice presidentof strategic planning. He con-tinued to hold both positionsuntil 1984, when he was electedexecutive vice president.

Before assuming broader re-sponsibilities of business lead-ership, Vagelos had won scien-tific recognition as an authorityon lipids and enzymes, and as aresearch manager. This followeda decision early in his career toput his principal energies into

research, rather than the prac-tice of medicine. Vagelos, whoseparents were born in Asia Minorand immigrated to the U.S. inthe 1920s, earned his bachelor’sdegree with honors in 1950from the University of Pennsyl-vania. He earned a medical de-gree from Columbia Universityin 1954. After an internship andresidency at Massachusetts Gen-eral Hospital in Boston (1954-56), he joined the National In-stitutes of Health in Bethesda,Md. At NIH (1956-66), heserved in the National Heart In-stitute, holding positions in cel-lular physiology and biochem-istry – first as senior surgeon,and then as head of section ofComparative Biochemistry. In1966, Vagelos joined the Wash-ington University in St. LouisSchool of Medicine as chairmanof its Biological Chemistry De-partment where he founded thedivision of Biology and Biomed-ical Sciences.

The author of several books,including an autobiography,“Medicine, Science and Merck”,and more than 100 scientific pa-pers, he was elected to theAmerican Academy of Arts &Sciences and the National Acad-emy of Sciences in 1972, and tothe American Philosophical So-ciety in 1993. After retiring fromMerck, Vagelos was chairman ofthe University of Pennsylvania’sBoard of Trustees from 1994 to1999, having served as a trusteesince 1988. He was also presi-dent & CEO of the AmericanSchool of Classical Studies inAthens from 1999 to 2001, andserved on the National ResearchCouncil Committee on Science& Technology for CounteringTerrorism in 2002 and on theNational Academy of Sciences,National Academy of Engineer-ing and Institute of MedicineCommittee that published “Ris-ing Above the Gathering Storm”in 2005. Much of his wealthcame from stock options at

Merck, which was very prof-itable under his leadership. Dur-ing his tenure there, Merck de-veloped thecholesterol-lowering statins,MEVACOR and ZOCOR.

Vagelos is sometimes calledthe father of pharmacophilan-thropy for his decision thatMerck provide the drug MECTI-ZAN free to cure millions ofAfricans of river blindness. Hischarity work at the Universityof Pennsylvania includes spon-soring scholarship/study pro-grams as well as the Roy andDiana Vagelos Laboratories. TheDiana Student Center, namedafter Mrs. Vagelos at her almamater, Barnard College, openedin 2010. Vagelos is currentlychairman of biotech companyRegeneron Pharmaceuticals. Heis also chairman of ColumbiaUniversity Medical Center’sBoard of Advisors, and is chair-ing the center’s capital cam-paign, which passed its targetof $1 billion by 2011. In 2010the couple contributed the leadgift to Columbia UniversityMedical Center for a new Med-ical and Graduate Educationbuilding. He is currently on theboards of the Donald DanforthPlant Science Center, the Na-tional Math and Science Initia-tive, and The Nature Conser-vancy. Vagelos is married to theformer Diana Touliatos. Theylive in New Jersey and have fourchildren and nine grandchil-dren.

15.ANGELO K.TSAKOPOULOS$540 MIllION rEAl ESTATE

Angelo K. Tsakopoulos, 76,was born to a farming family inthe village of Rizes, in Arcadia,Greece. His father, a butcher,struggled to feed five children.

He first came to the UnitedStates in August 1951, sailingpast the Statue of Liberty on his15th birthday. As a college stu-dent at Sacramento State Uni-versity, he waited tables at nightin the Tony Del Prado restaurantand sold real estate on week-ends. He would eventually leaveSac State a few credits shy ofgraduation to work full time. At21 years of age, he had alreadystockpiled experiences likely un-fathomable to many of his fel-low undergraduates: war, depri-vation, emigration and stints asboth a shoeshine boy in Chicagoand a farmhand in Lodi. And hehad begun laying the ground-work for his future, arguably be-coming the most significantforce to shape Sacramento sinceJohn Sutter. He boxed in col-

lege. His former boxing team-mates say the elements of hislarger-than-life persona werepresent even in the days whenhe was studying business, phi-losophy, and history under theAmericanized surname ofChicos, a name he later droppedto reclaim his family name.

Tsakopoulos has sinceclimbed to prominence throughuncommon business acumenand sheer tenacity. He turns onthe charm with politicians, playshardball with environmentalregulators, and promotes bigideas for the region. In recentyears, he’s offered to donatefarmland he controls in PlacerCounty for a private university,and to help fund its constructionby developing adjacent acreage.He has proposed that the regionopen thousands of acres ofranchland he controls along theSacramento-El Dorado Countyline for development, usingsome of those proceeds to funda new arena for the NBA'sSacramento Kings. He alsogrows wine grapes in BordenRanch and walnuts at an or-chard outside Wheatland.

In late 2010, his family pur-chased Conaway Ranch, a17,244 property of farming andranching land as well as wet-lands and water resources westof Sacramento. The SacramentoBee reported the family alreadyheld 18,000 acres of farmlandand vineyards and 40,000 acresof cattle grazing land in North-ern California.

Tsakopoulos’ older brotherGeorge, who passed away in2009, followed him to Sacra-mento, and also went into realestate. George’s family controlsthousands of acres in the region.Angelo is founder of AKT Devel-opment Corporation, nowheaded by his son, Kyriakos,which controls about 40,000acres of land in the region andneighboring San JoaquinCounty.

He has also carved out aniche for himself as a majorplayer in and fundraiser for theDemocratic Party, and as a stan-dard bearer for Greek politicaland cultural interests in Amer-ica. The developer and his chil-dren have raised and con-tributed millions on national,state and local campaigns andissues over the past decade. De-mocratic Presidential candidatesaside, a few of the major recipi-ents include former CaliforniaGovernor Gray Davis, U.S. Sen-ator Dianne Feinstein and HouseSpeaker Nancy Pelosi.Tsakopoulos is also dedicated toadvancing the careers of Greek-American politicians, includingformer California state treasurerand once-gubernatorial candi-date Phil Angelides. His daugh-ter, Eleni TsakopoulosKounalakis, is currently U.S.Ambassador to Hungary.Tsakopoulos and his family haveestablished Hellenic Studieschairs at several major Ameri-can universities across the coun-try, Georgetown, Stanford andColumbia among them.

16.PETER G.ANGELOS$500 MIllION lAW, MAJOrlEAGuE BASEBAll

Peter G. Angelos, 83, is a triallawyer and the current chair-man & CEO of Major LeagueBaseball’s Baltimore Orioles. Hebecame owner of the Orioles inAugust 1993, leading a groupof investors, including promi-nent Marylanders like novelistTom Clancy, in purchasing theteam for $173 million, a recordprice at the time.

According to Forbes, the Ori-oles were worth $460 million in2012 (up from $411 million in2010). The Orioles enjoyedsome success early under Ange-los’ ownership, making the post-season as a wild card team in1996 and winning the AmericanLeague East Division title in1997. But manager Davey John-son resigned after the 1997 sea-son, and 14 straight losing sea-sons ensued. In 2005, theMid-Atlantic Sports Network,co-owned by the Orioles and theWashington Nationals, took off.As of early 2012, it had 6 mil-lion subscribers.

Angelos was born in Pitts-burgh on July 4, 1929. He cameto Baltimore at 11 years of age.He is a graduate of Eastern Col-lege and the University of Balti-more School of Law, where hewas class valedictorian, andwent onto a lucrative career intrial law, specializing in cases

involving harmful products, pro-fessional malpractice, and per-sonal injury.

His firm, the Law Offices ofPeter G. Angelos, has attorneysand locations in Maryland,Delaware, and Pennsylvania.Angelos began working as acriminal defense lawyer follow-ing graduation. For most of hislegal career, he was a successfulattorney representing Baltimorelabor unions and their membersthrough his own private prac-tice, which he founded in 1961.Beginning in the 1980s, he re-fashioned his firm’s focus fromcriminal law to civil class actionsuits. His law firm and wealthexpanded exponentially in1982, when he represented8,500 plaintiffs – the largestnumber of plaintiffs ever -- inasbestos litigation and won. Hereportedly made over $100 mil-lion on this one case. Angeloswas also enormously successfulin suing Wyeth, the makers ofthe diet pill fen-phen, and rep-resenting the state of Maryland

as lead attorney in a lawsuitagainst tobacco company PhilipMorris. The agreement had stip-ulated that he would receive25% of the recovery, but whenit was $4.5 billion, Maryland re-fused to pay; Angelos’ team set-tled for $150 million. It was af-ter that he became a majorplayer in the Baltimore commu-nity.

His law office’s most recentmassive victory was a July 1 ver-dict awarding $1.5 billion indamages to families and busi-nesses whose water was conta-minated in 2006 by an ExxonMobil gas leak in Jacksonville,Md.

A lifelong Democrat, he wonelection to the Baltimore CityCouncil, and served on theCouncil from 1959 to 1963. Heran for mayor as an indepen-


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dent in 1964, but lost. He hasbeen an active supporter of na-tional Democratic candidates.Locally, in 2006, he publicly sup-ported the Republican incum-bent, Bob Ehrlich, for governorof Maryland and criticizing De-mocratic candidate (now Gov-ernor) Martin J. O’Malley. An-gelos has been active incharitable programs in the cityand state. He is married, andhas two sons. Angelos enjoyshorse racing, as an owner ofthoroughbred horses. He hasgiven $10 million to his almamater; in return the new lawschool building that is beingconstructed will bear the nameof his parents. The now-underconstruction John and FrancesAngelos Law Center at the Uni-versity of Baltimore is due toopen in 2013.

Angelos and his wife havetwo sons, John and Louis.

w w w. a n g e l o s l a w. c o m ,w w w. m a s n s p o r t s . c o m ,www.baltimore.orioles.mlb.com

17.GEORGE N.HATSOPOULOS, PH.D$450 MIllION THErMIONICTECHNOlOGY

Dr. George N. Hatsopoulos,85, was awarded at the Novem-ber 2009 Boston History & In-novation Awards for “half a cen-tury of innovations inenvironmental quality, healthand safety technologies.”

The Greek-born scientistwanted to change the way theworld makes electricity. He andhis brother John foundedThermo Electron in 1956 (witha $50,000 loan from a Greekshipowner). Thermo Electrongrew into an international com-pany recognized as a globalleader in environmental moni-toring and analysis instruments,and a major producer of paper-recycling equipment, biomedicalproducts, alternative-energy sys-tems and other products andservices related to environmen-tal quality, health and safety. By1981, it was ranked 739thamong Fortune’s 1,000 largestindustrial firms. By the time itmerged with Fisher Scientific inNovember 2006, Thermo Elec-tron was seeing annual revenuesof over $2 billion, and employed11,000 people in 30 countries.Hatsopoulos’ work led to rapidadvances in thermionic powerconversion. He retired in 1999,but remains chairman emeritus

of Thermo Fischer Scientific(NYSE:TMO), which today isworth over $26 billion.

His training began in Greeceat the National Polytechnic In-stitute in Athens. He receivedhis bachelor’s (1949), master’s(1950) and doctorate (1956),at the Massachusetts Institute ofTechnology, all in mechanicalengineering. Dr. Hatsopouloshas testified at numerous con-gressional hearings on nationalenergy policy and capital forma-tion, and has served on manynational committees on energyconservation, environmentalprotection and international ex-change. He is also noted for hisand Joseph Keenan’s famoustextbook, “Principles of GeneralThermodynamics.”

In 1996, Hatsopoulos wonthe John Fritz Medal, the high-est American award in the en-gineering profession. In 2007,he was one of the nine promi-nent Greek-Americans whowere selected by President Car-olos Papoulias to be honoredwith the Hellenic Republic’sprestigious Commander of theOrder of Honor award. Until hisretirement in April 2012, Hat-sopoulos was the chairman ofAmerican DG Energy Inc.(ADGE), the leading on-site util-ity he formed with his brotherin 2001 offering electricity, heat,hot water and cooling to com-mercial, institutional and indus-trial customers. The company,whose stocks were valued re-cently at $103.5 million special-izes in green energy and carbonreducing solutions.

www.americandg.com

17.NICHOLAS G.KARABOTS$450 MIllION PuBlISHING,rEAl ESTATE

“The issue here is not ulti-mately your net worth, but whatyou do with the value you have

created,” believes Nicholas G.Karabots, 79, owner of KappaMedia Group, Inc. the nation’slargest publisher of puzzle mag-azines and books.

His parents, Konstantina Hri-somalis and Georgios Karabot-sios, hailed from the Pelopon-nesian villages of Anavriti andMalantreni, respectively. Thefamily name was shortenedwhen his father arrived on EllisIsland.

Karabots was born in NewJersey and raised in the SouthBronx, N.Y. and attended theGreek American Institute. Afterhis father lost his restaurantbusiness in the Wall Street Crashof 1929, Karabots subsequentlyin 1942 held his first job at age9 as a shoeshine boy in Manhat-tan’s Union Square. After grad-uating high school in 1951, heentered the printing industry,learning the ropes at an RCA af-filiate on Wall Street before be-coming a manager of printingoperations elsewhere and even-tually a sales and managementposition, offered by a Hel-lenophile from Austria, who wasthe owner of Polychrome, amanufacturer of printing sup-plies. In 1964, he launched –with a partner – the companyPhota Inc., which manufacturedphotographic chemicals specificto the development of X Rayfilm and assisted in the devel-opment and importation to theUnited States of Fuji film. In1970 he acquired a printingcompany in Scranton, Pa. andexpanded it via the printing andbinding of TV Guide amongother nationally-known maga-zines. That company, todayknown as Kappa Graphics, LP,celebrates 43 successful yearsunder Karabots’ ownership and106 years since its founding.

Today he is Chairman of theBoard of Directors and Chief Ex-ecutive Officer of Kappa MediaGroup, Inc., and holds similarpositions in his other privately-held companies involved with,printing, publishing, productfulfillment, land development,the country club business andwinemaking and is assisted byhis daughters Andrea, Despina,Constance and Constance’s hus-band Paul. Andrea’s husbandMichael is President of KableMedia and Palm Coast Data sub-sidiaries of AMREP Corporation,a publicly-held company inwhich Karabots is a controllingshareholder.

Apart from its huge gamut ofpuzzle magazines and subscrip-

tion services, Kappa PublishingGroup, Inc., also publisheswrestling, astrology, games, andother specialty magazines. Itsaffiliated companies offer com-mercial and digital printing anddistribution services whileKappa Map Group creates anddistributes both various mapproducts. Kappa Books Publish-ers LLC, another affiliated com-pany, is a specialty publisherand marketer of children’s ac-tivity books.

The group’s roots were inKarabots’ purchase of the Scran-ton Lithographing Company in1970, which became KappaGraphics, and the establishmentof a relationship with puzzlebook publisher Official Publica-tions, which Karabots acquired.Kappa acquired several otherpublishing companies over theyears and in turn Karabotsfounded, in 1990, the SpartanOrganization, Inc., which pro-vides management and legalservices to the various Karabotsaffiliates. In turn, it led to thefurther diversification of his var-ious business interests.

From 1993 to 2013, he wasdirector of Amrep Corporation(AXR/NYSE), whose interestsrest in the real estate and me-dia-related industries such asproduct and subscription fulfill-ment combined with newsstanddistribution services. Karabotsrecently resigned from his posi-tion as Vice Chairman of theBoard of AMREP in order to de-vote more time to his pendingacquisitions in the private sectorbut retains his significant share-holder interests in AMREP. Am-rep has developed Rio Rancho,New Mexico’s third-largest city.

There are about 1,800 peo-ple employed by Amrep andKarabots’ private companiescombined.

Karabots’ real estate interestsbegan with a purchase, in 1980,

of a farm outside of Philadel-phia, which led to other acqui-sitions, primarily in Pennsylva-nia and the subdivision of theseother assets and eventually thedesign and development of Jeri-cho National Golf Club, Inc.Karabots also owns Krasi, LLCthe owner of Karamoor Wines,together with its vineyard andwinery.

Together with his wife of 58years, Athena DikegorosKarabots, he established theKarabots Foundation, Inc. as aresult of his experiences as ayouth in the South Bronx. Thefoundation specializes in ex-panding opportunities for youngpeople in inner city or otherwiseunderserved communities. Hetold TNH in 2009: “My heartbeats for the small children whoare tied to poverty and don’tknow that there is somethingout there that is better.” Just lastfall, the Karabots gave $7.5 mil-lion to The Children’s Hospitalof Philadelphia for a new pedi-atric care facility which wasdedicated and opened in Febru-ary of this year, and $10 millionto The Franklin Institute mu-seum to expand its classroomsand exhibition capabilities. Todate the foundation has pro-vided over $50 million to manysuch organizations that focus onthe Foundation’s mission.Nicholas and Athena Karabotshave also supported the Univer-sity of Pennsylvania and cur-rently the University of Arizonain their archaeological excava-tions on Mt. Lykaion in Arcadia,Greece.

He and wife live in Pennsyl-vania and have three daughtersand 10 grandchildren.

w w w. a m r e p c o r p . c o m ,www.kappapublishing.com,www.modernpublishing.com,w w w. b e n d o n p u b . c o m ,www. jer i chonat iona l .b iz ,www.karamoorwines.com,www.lykaionexcavation.org

17.GEORGE M.MARCUS$450 MIllION rEAl ESTATE

George M. Marcus, 70, isfounder and chairman of Mar-cus & Millichap Real Estate In-vestment Services, one of thecountry’s premier providers ofinvestment real estate brokerageservices, and the parent com-pany of a diversified group ofreal estate, service, investmentand development firms. It hasestablished itself as a leadingreal estate firm with more than1,200 brokers in markets

throughout the United States.With 77 offices nationwide, thefirm focuses on investment bro-kerage, and provides financingand research services to bothbuyers and sellers. The com-pany’s closing 4,302 transac-tions in 2010 was the highest ofany commercial real estate bro-kerage firm.

Together with his partner,William A. Millichap, Marcuslaunched a new business modelnearly four decades years ago,based on matching each prop-erty with the largest pool of pre-qualified investors. In 2010,Marcus & Millichap closed$13.6 billion in investmenttransactions for private and in-stitutional investors. Included inthese transactions were shop-ping centers, office and indus-trial buildings, apartment prop-

erties, hotels/motels, seniorshousing, manufactured homecommunities, and land.

Marcus is also chairman ofEssex Property Trust, a publiclyheld, multi-family real estate in-vestment trust (REIT). Locatedin Palo Alto, California andtraded on the New York StockExchange, Essex is a fully inte-grated REIT which acquires, de-velops and redevelops apart-ment communities in selectWest Coast communities. Thecompany, according to its web-site, currently has ownership in-terests in 140 apartment com-munities. Marcus is also one ofthe original founders of PlazaCommerce Bank and GreaterBay Bancorp. Marcus served onGreater Bay’s board of directorsuntil it was sold to Wells-Fargoin 2007 for $1.5 billion.

Marcus came to San Fran-cisco from Greece at the age offour. He completed his under-graduate studies in Economicsat San Francisco State Univer-sity in just two and a half years,


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and founded the university’sfirst economics club. He alsoserved as a member of theBoard of Trustees of the Califor-nia State University System in1981-89, and has helped selectseveral SFSU presidents. He wasnamed SFSU Alumnus of theyear in 1989 and one of its 11Distinguished CentennialAlumni in 1999. He and his wifeJudy helped create SFSU’s In-ternational Center for the Artswith a $3 million gift. Marcusalso helped develop SFSU’sGreek Studies program, andchairs its Modern Greek StudiesFoundation, which supports theNikos Kazantzakis Chair forModern Greek Studies.

He is also a graduate of theHarvard Business School’s Own-ers/Presidents ManagementProgram and the GeorgetownUniversity Leadership Program.Among Mr. Marcus’ professionalmemberships are the Board ofRegents of the University of Cal-ifornia, the Real Estate Round-table and the Policy AdvisoryBoard of the University of Cali-fornia in Berkeley’s Center forReal Estate & Urban Economics.

www.marcusmillichap.com

18.JOHN G.RANGOS SR.$425 MIllION,ENVIrONMENTAlMANAGEMENT

John G. Rangos, Sr., 83,made his fortune through thetransportation, disposal, andmanagement of industrialwastes, as well as security ser-vices.

Born in Steubenville, Oh., hegrew up during the Depressionin northern West Virginia andFredericksburg, Va. An educa-tion at the Houston School ofBusiness was interrupted whenhe joined the Active Force Re-serve unit in Pittsburgh, PA. Hisserved in the Army from 1951-54, including serving on a com-bat signal team in the Far Eastwith numerous distinctions.

He began his career withRockwell Manufacturing Com-pany in Pittsburgh, where heearned the distinction of becom-ing the youngest general agentin company history. Rangosformed several companies in the1960’s, and pioneered techno-logical advances in the trans-portation and disposal of indus-trial waste. Rangos foundedChambers Development Inc. in1971, a firm that providedwaste treatment services; devel-oped commercial recycling pro-grams; and broke ground withspecially lined, layered landfills

to protect groundwater supplies.Rangos’ many innovative

achievements include convert-ing power plant boiler ash intoa useful component of cinderblocks and anti-skid material forhighways. He also played an in-strumental role in inventingtechniques for recycling bitumi-nous byproducts and disposingsewage and sludge. He devel-oped methods for liquid indus-trial waste disposal, and createda resource recovery system thatconverts waste-generatedmethane into energy.

Together with his sons, Alexand John Jr., Rangos advocatedstandards for regional sanitationsites that resolved many envi-ronmental concerns nationwide.They initiated present-day envi-ronmental protection standardsdecades ago, to include the de-sign and strict enforcement offederal laws forbidding corruptpractices like the transportationof illegal waste. Across the East-ern Seaboard and into the Mid-west, they built the largest, mostsophisticated land disposal fa-cilities in the industry - includ-ing double-composite-linedHDPE (high-density polyethyl-ene) facilities to protect groundwater - long before other wastemanagement companiesemerged.

In October 1991, ChambersDevelopment owned and oper-ated a number of regional land-fills, worth a reported marketvalue of $1.7 billion. Chamberswent public and, in 1995, wasmerged with USA Waste, thenthe country’s second largestwaste management company.Rangos served as vice chairmanof USA Waste, during whichtime Waste Management Inc.,the country’s largest trashhauler, acquired USA Waste.That merger in 1998 continuesto be a tremendous success.

The massive Okeechobee,Fla. landfill (approved in 1993,and now operated by Waste

Management) is just one exam-ple of Rangos’ commitment tosound environmental practicesand regional economic develop-ment. That site has a 100-yearcapacity and receives 7,000 tonsof waste daily. Such monumen-tal, environmentally-friendlydisposal sites have also been aneconomic boon to the areas inwhich they function. Okee-chobee County receives millionsof dollars in royalties from itslandfill each year, boosting thelocal government’s ability to fi-nance schools and roads, as wellas improve police and firefight-ing services.

Rangos also founded U.S.Utilities in the mid-1960’s. Aprecursor to Chambers Devel-opment, USU was part of a con-glomerate, which eventually be-came part of Chambers. USUsubcontracted with Stone &Webster (now part of the ShawGroup), a major engineeringservices firm, to help buildatomic energy plants.

Together with his partner IanMcLennan, a respected FBIagent, Rangos cofounded Secu-rity Bureau Inc., one of the mostprominent security companiesin the country, in the mid-1970’s. SBI guarded everythingfrom banks to shopping centersto industrial and atomic energyplants. It grew into a companywith a license in every state inthe Union, and was eventuallysold for more than $40 million.

Rangos has three childrenand three grandchildren. Hefounded and directs the John G.Rangos Sr. Family CharitableTrust. Rangos is also the formerpresident and founder of theCongressional Medal of HonorFoundation, and the founderand former chairman for the In-ternational Orthodox ChristianCharities. He sits on numerousboards, and the Rangos Foun-dation supports medical re-search at Children's Hospital ofPittsburgh, one of the world'sfinest pediatric care centers, andJohns Hopkins UniversitySchool of Medicine, where heestablished an innovative newprogram which invites thebrightest young minds at JohnsHopkins to find a cure tometastatic cancer. The RangosFoundation also supports pro-grams at Duquesne andCarnegie Mellon.

19.PETER J.BARRIS$400 MIllION VENTurECAPITAl

Peter J. Barris, 59, is a ven-ture capitalist known for helping

to launch companies includingGroupon, CareerBuilder and Di-apers.com. He has been Manag-ing General Partner of leadingventure capital investor NewEnterprise Associates (NEA),Inc. since 1999, having joinedthe company in 1992.

At NEA, he has led invest-ments in over 25 companies thathave gone public or had success-ful acquisitions. He has gracedthe Forbes Midas list of top tech-nology investors since 2007,and was listed at #23 in 2012.NEA invested $14.8 million inGroupon early on, and received$70 million back last year -- butearned on paper over a billion,as they own 13.7% of the cur-rently $9 billion company. In2011, Groupon became public,reaping one of the greatest ven-ture returns ever with an initialpublic offering value of $12.8billion.

Under his leadership, accord-ing to the NEA website, thecompany’s assets under man-agement have grown more thanten-fold to over $13 billion. Thecompany with offices in Mary-

land and California’s Silicon Val-ley now has branches in India,China – and most recently --New York City. NEA, founded 35years ago, has seen 165 portfo-lio companies going public and265 acquisitions.

Barris grew up in Chicago.His father James was an engi-neer – and his grandparentswere from Greece. He earnedan MBA from Dartmouth Col-lege after studying electrical en-gineering at Northwestern.

He started his career in vari-ous management positions atGeneral Electric Company. In aninterview with Forbes, hecounted his first bosses, whileat General Electric, Greg Lie-mandt and Jack Welch as having“the most profound impact” onhis career. He went on to bePresident and COO of Legent

Corporation (LGNT) and SeniorVice President of the SystemsSoftware Division of UCCELCorporation (UCE), both ofwhich experienced profitable ac-quisitions.

Washington Life Magazineset his estimated net worth atbetween $300-$500 million in2007.

At NEA Barris took telecomcompany $570-million companyNeutral Tandem public in 2007and $590-million Echo Globalpublic in 2009. He is involvedwith NEA affiliates includingsatellite operator ProtoStar, TVsoftware/hardware companyHillcrest, recently-gone-publicGoji Food Solutions, online jobrecruitment site JobFox, infor-mation technology companyMediaBank, digital distributioncompany SnagFilms, and socialmedia management companySprout Social. He is on theboard of directors of public com-panies including Groupon(GRPN), Goji Food SolutionsLtd., Benchprep, Hillcrest Labo-ratories, Inc., MediaOcean,SnagFilms, and Sprout Social.

He is also on the Initiativefor Sustainability and Energy atNorthwestern Steering Commit-tee. At Dartmouth he is on theboard of the Tuck School PrivateEquity and Entrepreneur Centerand launched the Barris Incuba-tor at Tuck, which is aimed toencourage student startups. Hepreviously served on the Execu-tive Committee of the Board ofthe National Venture Capital As-sociation and was also a found-ing member of Venture Philan-thropy Partners, a philanthropicorganization in the Washington,D.C. area.

A member of Leadership 100and an Archon of the Order ofSt. Andrew, he and wife Adri-enne Barris are based inMcLean, Va. and have twodaughters.

www.nea.com

20.SOTIRIOSVAHAVIOLOS $360 MIllION ASSETPrOTECTION SOluTIONS

Dr. Sotirios J. Vahaviolos, 65,is the Founder, Chairman, andCEO of Mistras Group, the NewJersey-based global provider oftechnology-enabled asset pro-tection solutions used to evalu-ate the structural integrity,safety and efficiency of criticalenergy, industrial and public in-frastructure.

With more than 90 officesand 4,30 employees in 15 coun-tries, Mistras Group provides themajority of their services to

clients on a regular, recurringoutsourced basis. It monitorsdaily such historic bridges as theBen Franklin bridge in Philadel-phia Pa., the Severn bridge con-necting England and Wales, theBay Bridge in San Francisco,platforms and oil rigs in placesincluding the North Sea, U.S.-based nuclear power plants, andother industrial plant facilitiesin countries all over the worlddaily, through the help of inter-net based online monitoringtechnologies based on satellitesand other links. Internationalclients are in the fields of oil andgas, fossil and nuclear power,public infrastructure, chemicals,aerospace and defense, trans-portation, primary metals andmetalworking, pharmaceuticalsand food processing. Amongthem are American ElectricPower Inc., Bayer AG, BP, Bech-tel Corp., General Electric Co.,Boeing Co., Excelon, ExxonMo-bil, Shell, and Valero Energy Co.The Mistras Group combines in-dustry-leading products andtechnologies, expertise in me-chanical integrity (MI) and non-destructive testing (NDT) ser-vices and proprietary dataanalysis software to offer cus-tomized solutions, ranging fromroutine inspections to complex,plant-wide asset integrity assess-ments and management. Thecompany works to extend theuseful life of their assets, in-crease productivity, minimize re-pair costs, comply with govern-mental safety andenvironmental regulations,manage risk and avoid cata-strophic disasters. Vahaviolosnotes that the company is “seek-ing more acquisitions and betterexpansion abroad.”

MISTRAS ended fiscal year2012 at $436.9 million, up from$338.6 the previous year for arevenue growth of 29 percent.At press time, the stock shares


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had reached $20.61, a big in-crease from the $12.50 pricewhen the stock first went publicSince going public in the NYSEin October 2009

Vahaviolos, who was born in1946 in historic Mistras, in thePeloponnese, as a child rippedapart electrical machinery andrebuilt it for fun – as well as forbetter safety in the newly-elec-trified village. He came toUnited States to study engineer-ing at Fairleigh Dickinson Uni-versity in New Jersey, where hegraduated first in his Scienceand Engineering class and wenton, as a recipient of The BellLaboratories Graduate StudyScholarship Program, to earnMS and PhD degrees in electricalengineering from Columbia Uni-versity. He was also awarded amaster’s degree in philosophy.He started his career at Ameri-can Telephone & Telegraph's BellLaboratories, where the conceptof acoustic emissions was devel-oped in the late 1940s. WhenVahaviolos joined the companyin the 1970s, he worked outcomputerized solutions to thelong-standing problem of howto filter out irrelevant back-ground noise during acoustic-emission testing, thus makingthe technology useable to detectin real time imperfections,cracks, and growing corrosionin materials and structures.

Vahaviolos has written over100 technical papers and threebooks, amassed numerouspatents and many honors andawards over the years, and be-longs to various professional andscientific organizations, includ-ing the American Society forNon Destructive Testing, forwhich he has served as presi-dent, and the InternationalCommittee for NondestructiveTesting (ICNDT), which collab-orates with the United Nations.A former president of ICNDT, heis a Life Honorary Member of itsboard. (NDT is the testing of ma-terials without interfering withtheir make-up and encompassesa broad range of scientific disci-plines.) He was recently electeda Life Fellow of the Institute ofElectrical and Electronic Engi-neers and was honored at theMarch 10 AHI Hellenic HeritageAchievement.

Vahaviolos is married to As-pasia Nessas Vahaviolos, withwhom he has three daughters:Athanasia Vahaviolos, who runsthe Greek Mistras HELLASABEE-Envirocoustics companyserving the Balkans and EasternMediterranean countries,Stephanie-Athena Folgia, Mis-tras’ Benefits Manager, andKristy Vahaviolos-Kyriakopoulos.

www.mistrasgroup.com

21.JAMES DIMON$355 MIllION COrPOrATEADMINISTrATION

Jamie Dimon, 56, is chair-man & CEO of JPMorgan Chase,one of the country’s largestbanks. Currently ranked 12thamong Forbes highest paidCEO’s, and 34th on its list of theWorld’s Most Powerful People,Forbes lists his five-year com-pensation at $140.92 millionand stock ownership at $223.4million. Despite the company’shighly-publicized $6 billion losslast year, Dimon has managedto keep JPMorgan well ahead ofthe curve since taking the helm

in 2006. He earned according toCNNMoney $23 million in 2011.Even when all the country’s ma-jor banks – e.g., Bank of Americaand Citigroup – were barelymanaging to stay afloat, the $2trillion-in-assets bank thrived re-cently, earning Dimon the re-spect of his peers. He has beenon Time magazine’s list of 100most influential people threetimes since 2006.

Dimon was born in NewYork. His grandfather, a Greekimmigrant from Smyrna, was abroker and passed his knowl-edge of the business onto his sonand partner Theodore, Dimon’sfather. As a boy, Dimon attendedthe Browning School, a presti-gious all-boys prep school on theUpper East Side. He later ma-jored in Psychology and Eco-nomics at Tufts University, andearned his MBA from HarvardUniversity Business School.Upon graduating in 1982, San-ford Weill convinced him to turndown offers from GoldmanSachs and Morgan Stanley, andjoin him as an assistant at Amer-ican Express. Through a series

of unprecedented mergers andacquisitions that ensued, theyformed Citigroup, then thelargest financial services con-glomerate in the world. Weillwas the one who made thedeals, but Dimon was the “whizkid” who made the numberswork. Dimon left Citigroup inNovember 1998 due to an inter-nal conflict with Mr. Weill.

He serves on the boards ofdirectors of the Federal ReserveBank of New York, the ClearingHouse, the United Negro CollegeFund and Harvard BusinessSchool. He serves on the execu-tive committee of the BusinessCouncil, Business Roundtableand the Partnership for NewYork City, and is a member ofthe Financial Services Forum, Fi-nancial Services Roundtable andCouncil on Foreign Relations. Heis married to Judith Kent, withwhom he has three daughters.

www.jpmorganchase.com

22.NICHOLASGALAKATOS,PH.D$350 MIllION BIOMEDICAlTECHNOlOGY

Dr. Nicholas Galakatos, 55,has been Managing Director ofClarus Ventures since the Cam-bridge, Mass.-based firm’s incep-tion in 2005. Clarus Ventures isa life sciences venture capitalfirm founded by a team of “ac-complished investment profes-sionals with extensive and com-plementary industrybackgrounds which have en-abled them to establish a longhistory of success in creatingvalue,” according to its website,which also reports $1.2 billionof assets under its management“across two life sciences dedi-cated funds.”

Galakatos has over twodecades of industry and invest-ment experience in the health-care sector. From 1997 to 2000,

he was vice president of NewBusiness at Millennium Pharma-ceuticals, a leading biopharma-ceuticals company purchased bythe Takeda Oncology Companyfor $8.8 billion in May 2008,and a member of its manage-ment team. During that timeGalakatos cofounded Millen-nium Predictive Medicine andTransForm Pharmaceuticals,where he was chairman. Priorto his stint at Millennium, hewas an associate at Venrock As-sociates focusing on early stagebiotechnology investments. Be-fore Venrock, he was head ofMolecular Biology Research atNovartis.

Born in Athens and raised inThessaloniki, where he studiedat Anatolia College. Galakatosearned his doctorate in OrganicChemistry from MIT before post-doctoral studies at HarvardMedical School. Until December31, 2009, he was the lead direc-tor of Affymax, a bio-pharma-ceutical company creating noveldrugs for patients suffering fromkidney disease. After Affymaxwent public in 2006, Galakatosraised $660 million for the com-pany in 2008, though the com-pany’s stocks have dropped.Still, Galakatos “made out wellwith 2007 sale of Hypnion to EliLilly for $315 million,” Forbesreported. The over $500-millionpharmaceuticals company AVEO,another investment, went publiclast year too. Hypnion, whereGalakatos was also lead director,was engaged in the discoveryand development of therapeuticdrugs to treat disorders of thecentral nervous system, particu-larly sleep and wake-alertnessdisorders and circadian rhythmabnormalities.

He is also director of cancertherapy company Portola. Heand his wife, Alice, have twosons. Galakatos is a member ofthe Director’s Council of theKoch Institute at MIT, and theGenetics Advisory Council atHarvard Medical School. He isalso on Anatolia College’s boardof trustees.

www.clarusventures.com

22.JOHNGEORGES$350 MIllION MArINE,FOOD SErVICES

John Georges, 53, is thefounder and CEO of Georges En-terprises, a company based inElmwood, La. specializing in ac-quiring and growing businesses.It invests in marine services,food vending, grocery distribu-tion, video/arcade entertain-ment, restaurants and real es-tate.

The company began as Im-

perial Trading in 1916, a whole-sale grocery distribution com-pany founded by John Georges’grandfather Gus Pelias. Thecompany is now the eighthlargest convenience store sup-plier in the nation.

John Georges started out inthe family business at a youngage, sweeping warehouse floorsat age 11 and making deliveriesby age 15. His father DennisGeorges immigrated to the U.S.,after serving in the Greek Resis-tance from a young age duringWorld War II and the RoyalGreek Air Force.

John Georges completing hisstudies at Tulane University in1983, turning his attention toImperial Trading, expanding itssales from $29 million to $1 bil-lion today, with 4,000 retailersin nine states. Recent acquisi-tions by Georges Enterprises in-clude, in September 2011, the$50 million food distributor Clif-ford D. Fite Company, $100 mil-lion Union Grocery in 2010 andthe multi-million Harrison Com-pany in 2008. Georges Enter-prises’ CEO said in a relatedpress release: “We are lookingto make more acquisitions in thefood distribution sector.

In 2006, Imperial Vendingmerged with Whitener Snacksto become Refreshment Solu-tions, a Georges Enterprises sub-sidiary. Georges Enterprises’AMA Distributors specialize inentertainment from videogamesand pool tables to jukeboxes.Georges Enterprises’ portfolio ofreal estate holdings; amongthem are 25 acres of industrialreal estate in the greater NewOrleans area, including the siteonce occupied by Louisiana FilmStudios.

Georges Enterprises was pre-viously very involved with ma-rine services. However, asGeorges confirmed to the TNHimmediately after the BP OilSpill, in January 2010, GeorgesEnterprises sold its fleet of off-shore tugs under Dolphin Ma-rine International Company toconcentrate on its food distribu-tion business. The family of hiswife, the former Dathel Cole-man, owns cleanup company OilMop OMI.

Georges purchased the 105-year old French/Creole restau-rant Galatoire for perhaps $11million a couple of years ago,with a major construction un-derway for it to return at a newlocation in Baton Rouge byChristmas 2012. The menu spe-cializes in seafood, especially lo-cal specialties like shrimp andsoft-shelled crabs.

Georges is very involved withboth Louisiana public life andthe community of The Greek Or-thodox Cathedral of the HolyTrinity, and was notable in post-Hurricane Katrina both at theUniversity of New Orleans, aswell as his own, and localchurches. The former ChurchPresident and Greek CommunityPresident hosted Ecumenical Pa-triarch Bartholomew, when hevisited New Orleans in October2009.

A notable campaign financer,Georges spent millions to unsuc-cessfully run himself for gover-nor twice, first as an indepen-dent candidate in post-Katrinain 2007, and again, as a Demo-crat, in 2010. Undeterred, he isnow eyeing the 2015 race.

He is a member of TulaneUniversity’s President's Council.Georges is a foundation memberof the University of New Orleansand LSU Medical. He is on theWorld Trade Center Board of Di-rectors, New Orleans BusinessCouncil, Jefferson BusinessCouncil, New Orleans Chamberof Council Board of Director. Hehas also chaired and been vicepresident of the Western Regionof the Young Presidents Organi-zation. He has chaired theMetairie Park Country DaySchool Recovery and been onthe board of both Crimestoppersand the Young Leadership Coun-cil of New Orleans.

He and his wife have twodaughters, Zana, and Liza, anda son, Nike.

www.georgesenterprises.com, www.imperialtrading.com

23.ANGELIKIFRANGOU$315 MIllION SHIPPING

Angeliki Frangou, 47, is theChairman of the Board andChief Executive Officer of NaviosMaritime Holdings, a leadingmaritime company with a fleetof more than 60 dry bulk vesselsand an additional 20-30 vesselsfor short- or medium-term em-

ployment and over 10 milliondeadweight tons. It’s a positionshe’s held since 2005. TheNYSE-listed company’s marketcapitalization is currently about$380.53 million; its enterprisevalue is $1.64 billion. The com-pany maintains offices in NewYork, as well as Greece, Uruguayand Belgium. Frangou is also theChairman and Chief ExecutiveOfficer of Navios Maritime Part-ners, L.P. (NYSE: NMM) andNavios Maritime AcquisitionCorporation (NYSE: NNA).

Named one of Fortune Mag-azine’s Top 50 Most PowerfulWomen in Business Global Listin 2011, shipping is in her blood.Frangou’s father, Capt. NikolaosFrangos, has been running ma-jor Greek shipping company,Good Faith, for more than 40years. By the end of the ‘90s,Frangos’ company was thelargest company in terms ofGreek-owned vessels. While re-ceiving the Aristeon Award fromthe Hellenic American Women’sCouncil in November 2009,Frangou said of her father, “Hetaught me that ingenuity andhealthy skepticism of conven-tional wisdom are the buildingblocks of success.”

Prior to taking on her currentrole, Frangou received a bache-lor's degree in mechanical engi-neering from Fairleigh DickinsonUniversity (summa cum laude)and a master's degree in me-

chanical engineering from Co-lumbia University. From 1987 to1989, she was an analyst on thetrading floor of Republic Na-tional Bank of New York.

From 1990 until October2001, Frangou was the chief ex-ecutive officer of Franser Ship-ping S.A., a company in Piraeus,Greece. In 2004, she served asChairman, Chief Executive Offi-cer, and President of Interna-tional Shipping Enterprises, untilISE's acquisition of and mergerinto Navios Holdings in 2005.Frangou was also a member ofthe board of directors of Empo-riki Bank of Greece, the secondlargest retail bank in Greece,from April 2004 to July 2005.Frangou is the Chairman of theboard of directors of IRF Euro-pean Finance Investments Ltd.,listed on the AIM of the LondonStock Exchange. She was alsoChairman of the board of direc-tors of Proton Bank, based inAthens, from June 2006 untilSeptember 2008. She is ViceChairman of the MediterraneanCommittee of the China Classi-fication Society and is a memberof the Hellenic and Black SeaCommittee of Bureau Veritas aswell as a member of the GreekCommittee of Nippon KaijiKyokai.

“Shipping is in Greece whatWall Street is in New York,” shesaid in a recent video that em-phasizes the continued impor-tance of the shipping sector inGreece on the This is Greece ini-tiative website.

Frangou has received numer-ous awards, including the DryCargo Company of the YearAward in 2009 and the News-maker of the Year award byLloyd’s List in 2009. She wasnamed the Connecticut Mar-itime Association Commodorefor the year 2011. She has de-veloped a reputation as an im-pressive investor and philan-thropist.

www.navios.com

24.MICHAEL D.CAPELLAS$300 MIllION COrPOrATEADMINISTrATION

Michael D. Capellas, 58, wasChairman & CEO of First DataCorporation (FDC), the world’sleading payment processingcompany, from 2007 to 2010.He is now Chairman and CEOof VCE, the Virtual ComputingEnvironment Company, formedby Cisco and EMC with invest-ments from VMware and Intel,offering technology productsand solutions for cloud-basedcomputing.

He is on the board of Cisco,a multinational corporation net-working and communicationstechnology and services com-pany that is ranked 87th onForbes’ Global 2000 list in 2011with 70,700 employees and re-ported net sales at $42.36 bil-lion. He was also senior advisorfor Silver Lake Partners, a $13billion private equity firm fo-cused on making large-scale in-vestments in leading technologycompanies, from October 2006to July 2007.

Capellas’ earlier executive

roles include chairman & CEOof Compaq Computer Corpora-tion between 1999 and 2001.Following Hewlett-Packard’s ac-quisition of Compaq, he stayedon as president of HP for sixmonths to ease the integrationof the two companies. He thenleft HP to become chairman &CEO of MCI WorldCom between2002 and 2006, presiding overthe eventual Verizon-MCImerger. He had joined World-Com, which was in bankruptcy,to help it overcome a massiveaccounting scandal. After thetransfer to Verizon was com-pleted, Capellas received a $40million severance package.

A 30-year veteran of the ITindustry, he took charge of FirstData shortly after KohlbergKravis Roberts acquired thecredit card giant for $29 billionin April 2007. In 1992, FirstData spun off from American Ex-press. It handles e-commerceprocessing services, includingmerchant and bank transactions,credit, retail and debit card is-suing and processing. It also pro-vides money orders and papercheck processing. Forbes rankedFDC 24th this past Octoberamong the country’s largest pri-vate companies, with its 2010revenues at $10.38 billion.

Capellas says he inherited hisgritty determination from his fa-ther, a Greek citizen who foughtwith the Greek Army against theGermans in Italy during WorldWar II. After the War, the elderCapellas met and married hiswife Juliet in Italy. The familythen immigrated to Ohio, whereCapellas’ father worked his wayup from laborer to superinten-dent at the Republic Steel Cor-poration, where he worked for30 years. Capellas developed aninterest in computers as an un-dergraduate at Kent State Uni-versity. Shortly after he gradu-ated, he met his wife, MarieAngelillo, a former nurse. Thetwo married in 1979, and trav-eled the world for two decadesas Capellas’ business reputationgrew. He was a senior vice pres-ident of Oracle Corporation in1997-98. He is credited, in hiswork with Compaq, with mak-ing it Microsoft’s key strategicpartner for the release of itsWindows 2000 operating sys-tem. In December 2006, Capel-las was appointed acting CEO ofSerena Software, selected by Sil-ver Lake, which took Serena pri-vate in March 2006.

Capellas and his wife havetwo children. He likes golf androck and roll. He is also activelyinvolved in community andcharitable work. In 2002, he be-came the first recipient of theHope Technology Award fromthe Center for Missing & Ex-ploited Children. He is a mem-ber of the Board of Governorsof the Boys & Girls Clubs ofAmerica. Capellas previouslyserved as a member of the Amer-ican University Board ofTrustees, and is recognized as aglobal thought leader in thetechnology industry. He recentlyserved as co-chair of theCLOUD² Commission, includingspecialists who offered theObama government recommen-dations on cloud computingpolicies.

www.vce.com

25.STRATTONSCLAVOS$225 MIllION COMPuTErS,CEllulAr TECHNOlOGY

Stratton Sclavos, 51, waschairman, president, & chief ex-

ecutive officer of VeriSign for 12years before he resigned in May2007, leading that companythrough many acquisitions.

He is general partner atRadar Partners LLC, a private in-vestment firm and was named,in 2011, a partner and memberof the executive team of onlinetelevision production companyProspect Park’s online ventures.

Sclavos is now a director at

multi-billion-dollar companySalesforce.com, which providessoftware to businesses of allsizes and industries worldwide.He served on the board of direc-tors of Intuit, Inc. from 2001 to2010, as well as the companyJuniper Networks.

Sclavos earned his bachelor’sdegree in Electrical & ComputerEngineering from the Universityof California in Davis. From Oc-tober 1993 to June 1995, he wasvice president of worldwidemarketing & sales for TaligentInc., a software developmentcompany which was a joint ven-ture among Apple Computer,IBM and Hewlett-Packard. Hejoined VeriSign in July 1995 asone of its first employees. Sincejoining VeriSign, he helped es-tablish the company as a globalcorporation used by millions ofconsumers and businesses dailyas they interact on the world’svoice and data networks.Sclavos led the companythrough a decade of robustgrowth and technological inno-vation. His last years withVeriSign were taken up with in-vestigations into the company’sstock option program, but it isnot believed that Sclavos per-sonally benefited from the op-tion grants in question, thoughit did occur under his watch.

Sclavos was born to second-generation Greek American par-ents in San Francisco, Ca. Hestill lives in California with hiswife Jody and their two chil-dren. His investments includeco-owning upscale Dio Dekarestaurant. A lifelong Bay Arearesident, he formed the SclavosFamily Foundation to supportcharitable efforts in children’seducation and medical research.He likes to play basketball andholds an ownership stake in Sil-icon Valley Sports & Entertain-ment (SVSE), the parent com-pany of the San Jose Sharkshockey team. In June 2002, hewas honored with the Ernst &Young Northern California En-trepreneur of the Year Award.He was also honored with the2001 Morgan Stanley MorganLeadership Award for GlobalCommerce; named to Forbes’Top 50 CEO’s list; and servedalongside 30 technology expertson former President George W.Bush’s National SecurityTelecommunications AdvisoryCommittee.

26.CHRIS &HARRIS PAPPAS$200 MIllION FOODSErVICE

Brothers Christopher J., 64,and Harris Pappas, 66, todaylead privately-owned PappasRestaurants, Inc., a company op-erating over 90 restaurants inseven states. Chris Pappas is thecompany’s CEO. His brother isits president. The Nation’s

Restaurant News placed thecompany #70 in its listing ofTop 100 companies in 2010(based on 2009 figures), with$480 million, when it came toU.S. Food service Revenue fig-ures. On that listing, the com-pany’s revenue growth rate was50 percent. Since 2001, the twohave become major sharehold-ers in the once-ailing, 50-year-old restaurant chain Luby’s, Inc.,which is listed on the NYSE; thecompany’s market capitalizationis currently $145 million. Ludy’sacquired 200-restaurant chainFuddruckers (and 3 Koo KooRoo California Kitchen eateries)in June 2010 for $63 million.Chris Pappas is President andChief CEO of Luby’s, which nowhas 94 Luby’s cafeterias, 57 Fud-druckers and four other eateries,plus 121 Fuddruckers fran-chises; Harris Pappas is its ChiefOperating Officer.

Pappas Restaurants grewfrom their father and uncles’work at Pappas Refrigeration.Currently Pappas Restaurantshas eight brands, including Pap-pas Seafood Houses, Pappasito’s



Cantinas, Pappadeaux SeafoodKitchens, Pappas Bar-B-Q’s, Pap-pas Bros. Steakhouses, PappasBurger, Yia Yia Mary’s PappasGreek Kitchen and the Dot Cof-fee Shop. Each company has itsown specialty, with Yia YiaMary’s, for instance, specializingin Greek food: fish and mezedes(Greek, with a hint of Texas).Pappas Restaurants also has afood catering business. They re-cently added electric vehiclecharging at their steakhouse.

Chris Pappas serves on theBoard of Directors for theGreater Houston Partnershipand is also a member of theDean's Advisory Board at theConrad N. Hilton College of Ho-tel and Restaurant Managementat the University of Houston. Hewas inducted into the college’sHospitality Industry Hall ofHonor in 2009. Chris is a mem-ber of the Board of Directors forthe National Restaurant Associ-ation, the Texas Restaurant As-sociation, and the Greater Hous-ton Restaurant Association andis an Advisory Board member ofAmegy Bank. In 2001, he wasinducted into the Texas Restau-rant Association Hall of Honor.He is also a member of theHouston Food Bank’s CapitalCampaign Committee and hehas assisted in raising over 40million dollars for the organiza-tion. Chris received his Bache-lor's degree in Mechanical Engi-neering from The University ofTexas at Austin. He and his wifeMaria have been married 30years and have five grown chil-dren.

A graduate of Texas A&M,Harris Pappas was commis-sioned as a 2nd Lieutenant inthe U.S. Army, serving one yearin Thailand and one year in Viet-nam, earning two Bronze Starsand three Army Commendationmedals. He is also a member ofthe Board of Directors of Ocea-neering International, Inc., apublicly-held oil and gas opera-tions firm, and also served a 10-year term on the Board ofTrustees of Memorial HermannHealthcare System in Houston.

He is an advisory director of theBoys and Girls Clubs of GreaterHouston and of Bank-Frost Na-tional Houston. He is onSchreiner University’s AdvisoryBoard. He is a member of theTexas A&M Foundation Devel-opment Advisory Committeeand serves on the Education De-velopment Council AdvisoryCommittee. He has receivedawards from both Texas A&MUniversity and the school’s MaysCollege of Business. Harris isalso a member of the WorldPresident’s Organization. He isalso a founder of the HellenicFoundation, which endeavors toraise scholarship money for sem-inary students attending HolyCross Greek Orthodox School ofTheology. An avid boater andfisherman, he and his wife,Vicky Marinos Pappas, have sixchildren.

The brothers’ grandfather,H.D., arrived in the U.S. in 1897and became a restaurateur. Hissons followed his lead with en-deavors including opening Pap-pas Bar-B-Q. The Pappas Broth-ers are often help nonprofitgroups and churches renovatetheir kitchens. Highly involvedin the Annunciation Cathedralof Houston, both brothers weregranted the title of Archon ofthe Ecumenical Patriarchate in2008.

www.pappas.com

26.WILLIAM S.STAVROPOULOS

PH.D$200 MIllION COrPOrATEADMINISTrATION

Dr. William S. Stavropoulos,73, is a director at Tyco Interna-tional Limited, a major diversi-fied, multinational company thatis a leading provider of securityproducts and services, fire pro-tection and detection productsand services, valves and con-trols, and other industrial prod-ucts.

He told TNH that havingreached retirement age, hewould from Tyco – which is inthe process of dividing intothree, separate publically-traded

companies, at the end of 2012.Stavropoulos joined Tyco in

March 2007. Tyco is headquar-tered in New Jersey. It employsover 100,000 people worldwide.In May 2007, just two monthsafter Stavropoulos became aboard member, Tyco agreed topay almost $3 billion to de-frauded investors, the largestsuch payment ever made by asingle company. The company’s2011 sales were over $17 bil-lion.

Prior to joining Tyco,Stavropoulos was chairman,president, & CEO of The DowChemical Company, where hiscareer spanned 39 years. His ca-reer with Dow began in Indi-anapolis with pharmaceutical re-search in 1967. While he waswith Dow, he held various posi-tions in research, marketing andgeneral management. He alsoserved in a variety of researchand business positions in phar-maceuticals and diagnostics. Dr.Stavropoulos was named presi-dent of Dow USA in 1990, andwas elected vice president ofDow Chemical Company. Hewas then elected a senior vicepresident of Dow in May 1991,and became chief operating of-ficer in 1993. He served as CEOin 1995-2000 and again in2002-04, and was a member ofDow’s board of directors fromJuly 1990 to March 2006 (hewas succeeded by Andrew Liv-eris, a Greek Australian, who isalso on this list). He is Chairman

Emeritus of the company.Stavropoulos holds a bache-

lor of science degree from Ford-ham University and a doctoratein medicinal chemistry from theUniversity of Washington. He isa director of Chemical FinancialCorporation, Teradata Corpora-tion, Maersk Inc. and Tyco In-ternational LTD. He is a trusteeof the Fidelity Equity and HighIncome Funds’ Board and is anAdvisory Partner of Clayton, Du-bilier & Rice LLC. Stavropoulosis non-executive chairman ofUnivar, the largest chemical dis-tributor in the U.S. He is on theAdvisory Board for MetalmarkCapital LLC. Stavropoulos is alsoa past chairman of the AmericanChemistry Council, Society ofChemical Industry, and Ameri-can Plastics Council. Just a fewof his many awards and honorsare AHEPA’s Man of the Year(1995), an honorary Doctor ofLaws Degree from NorthwoodUniversity (1998), the Ellis Is-land Medal of Honor (1998) andinduction into Junior Achieve-ment of Central Michigan’s Busi-ness Hall of Fame (2005). “In-stitutional Investor” magazinenamed him one of America’sbest CEO’s three times (1998,2003 and 2004). In 2010, he re-ceived the title of Archon of theEcumenical Patriarchate andwas inducted into the MidlandCounty Sports Hall of Fame as aProfessional Baseball Visionary(for work including founding theMichigan Baseball Foundation in2005). Stavropoulos and hiswife Linda have two children,Bill and Angela, and six grand-children.

www.milb.com

26.RITA WILSON$200 MIllIONENTErTAINMENT

Rita Wilson, 56, is an Ameri-can film and stage actress, pro-ducer – and most recently, singertoo. She is wife of super-star ac-tor and producer Tom Hanks.Born Margarita Ibrahimoff inLos Angeles, Ca. her father wasa Pomak born in Greece. Before

immigrating to the U.S., he hadlived in Bulgaria and Turkey; hermother was born and raised ina Greek village on the Albanianborder. Her family changed theirsurname to Wilson, which wasthe name of a local street inSouthern California.

As co-executive producer,Wilson is often credited with be-ing the driving force behind NiaVardalos’ smash-hit movie, “MyBig Fat Greek Wedding,” whichbecame the highest-grossing in-dependent film of all time. Wil-son has had recurring roles invarious television series, and hasappeared in several movies, in-cluding “Midnight Caller,” “Vol-unteers,” “Bonfire of the Vani-ties,” “Sleepless in Seattle,”“That Thing You Do,” and “Run-away Bride.” She also played Su-san Borman, wife of astronautFrank Borman, in the HBOminiseries “From the Earth tothe Moon,” and performed therole of Roxie Hart in the Broad-way revival of “Chicago” fromJune to August of 2006. Re-cently she appeared in the tele-vision series “The Good Wife.”

She has contributed to theMoffitt Cancer Center by donat-ing “True Hearts” jewelry, madeof sterling silver and 14-caratgold. The proceeds went to thebenefit of several charities. Sheand her husband are membersof the Greek Orthodox Church.She has been married to Hankssince April 1988, and has twochildren. Factoring in her hus-

band’s fortune –Hanks’ pay, ac-cording to Forbes in 2011 was$35 million -- the couple’s networth probably exceeds $200million. “Mamma Mia!”, the mu-sical produced by the couple in2008, made $600 million world-wide.

Wilson is the editor of theHuffington Post’ Huff/Post50site for Baby Boomers.

27.ARIANNASTASSINO-POULOS HUFFINGTON$130 MIllION NEW MEDIA

Arianna Stassinopoulos Huff-ington, 62, is a nationally syn-dicated columnist, author ofthirteen books, and the co-founder and editor-in-chief ofThe Huffington Post, a popularnews website. The HuffingtonPost, a media phenomenon andopinion-shaper, was born of thebrains and charisma of the in-defatigable Greek American

woman who is listed as 29th onForbes’ 2012 list of the World’s100 Most Powerful Women. Sheand her partners sold the site toAmerican Online for a neat $315million in February 2011. Sheremains editor-in-chief of thenew Huffington Post MediaGroup.

In 2011, the site had ex-pected 2011 revenue of $60 mil-lion and 26 million unique visi-tors per month. AOL is preparing


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an ambitious Huffington PostStreaming Network of 16 hoursof live video daily.

Huffington was said to ownsome 14 percent of the site atits sale. According to Huffington,the company has some 1,400paid journalists (including 800Patch writers for AOL), yet theheart and soul of the operationare still the big name pro bonobloggers like Alan Dershowitzand playwright David Mamet.Forbes, which named Huffingtonamong the 31st among theWorld’s Most Powerful Woman,writes: “The sites success hadbeen fueled by an army of 9,000free bloggers and high-profilecontributors…” There are todaysome 20,000 bloggers and 36million unique visitors a month.Huffington Posts were recentlylaunched in the UK and Canadaand upcoming sites are in theworks for Spain and Italy sched-uled this year. There were re-ports of a Greek Huffington Postcirculating as well.

The Post was born in May2005 and is one of the mostwidely read, linked to, and citedsites on the Internet. The rapidsuccess of The Post catapultedArianna to the Time 100, Timemagazine's list of the world's100 most influential people.

She was born AriannaStassinopoulos in Athens,Greece, the daughter of Konstan-tinos, who was a journalist andmanagement consultant, andElli Georgiadi. She moved toEngland at age 16 to attendCambridge University and hasridden a wave of energy, intelli-gence and charisma more or lessstraight through to her triumphwith The Post. The Times of Lon-don described her, back in 1971,as “glamorous, with lots ofcharm. Her clothes are stun-ning.” She graduated with anM.A. in economics. At 21, shebecame president of the fameddebating society, the CambridgeUnion.

She moved to the UnitedStates in 1980 and was marriedto California oilman MichaelHuffington in 1986. In the late1980s, she wrote several articlesfor National Review and herhusband, a Republican, servedin the U.S. House of Represen-

tatives before his career endedwhen he lost a close race for theU.S. Senate in 1994. The coupledivorced in 1997 and by then,she had gained national promi-nence and begun to shift to thepolitical left. She told The Fi-nancial Times that she had “longbeen interested in steering herconservative friends towards so-cial activism and the problemsof worsening inequities in Amer-ican life.” Nonetheless, Ms. Huff-ington’s first foray into the In-ternet was a website calledResignation.com, which calledon President Clinton to resign.In 2003, she ran as an indepen-dent candidate for Governor inthe California recall election.

Huffington makes guest ap-pearances on television shows.She serves on several boards ofcommunity service groups, in-cluding A Place Called Home,which works with at-risk chil-dren in South Central Los Ange-les. She also serves on the boardof EL PAIS and the Committeeto Protect Journalists. She hastwo daughters.

www.huffingtonpost.com

28.JENNIFERANISTON$120 MIllIONENTErTAINMENT

Popularly and affectionatelyknown as “America’s Sweet-heart,” Jennifer Aniston, 44,once lived in Crete and Athensas Jennifer Anastassakis. Thedaughter of famous daytimesoap opera star John Aniston(Days of Our Lives), she eclipsedher father’s television fame andsuccess with her own role asRachel Green on the eternallypopular situation comedy,“Friends.” In the show’s finalyears (it ran for ten seasons),Aniston and her five castmatesstruck what was then a recorddeal – $1 million each perepisode – and she still collects asizeable paycheck from the now-iconic sitcom’s syndication.

She continues to have successon the little screen -- most re-cently in Tina Fey’s “30 Rock,”but Aniston’s film career hasbeen somewhat hit-or-miss.Films like “The Switch” (2010)were considered bombs, buthave been more than offset bybox office bonanzas like “TheBreakup” (2006) and “Marley &

Me” (2008), which helped es-tablished her as a movie star.Her movie “Wanderlust” co-starred her current fiancé, JustinTheroux.

In 2011, she reportedly madeover $20 million selling her Bev-erly Hills home for $35 million:twice the price that she boughtit.

Forbes, which gave a networth for her of $110 million in2007, more recently placed herat #22 on its “Celebrity 100” list,reporting last May that shemade $11 million over the pastyear. The actress, who cranksout at least two films a year, hasalso been a producer in recentyears. She divorced from super-star actor Brad Pitt seven yearsago, but remains magazine-cover gold.

In February she received herown Hollywood Walk of FameStar. Some of her awards in-clude the Screen Actors Guild(1996), Emmy (2002), GoldenGlobe (2003) and People’sChoice (four times) Awards, andhas assisted and worked withmany charities like Rain (ananti- sexual assault organiza-tion), St. Jude’s and various can-cer-fighting organizations.

28.THEODORE G.SPYROPOULOS$120 MIllION AuTOMOTIVEPArTS, PETrOlEuMPrODuCTS

Theodore G. Spyropoulosmay be known to most as cur-rent World Council of HellenesAbroad (SAE) USA Region Co-ordinator, but he’s also an ac-complished businessman in theChicago area.

Born and raised in Kalavryta,

Greece, at age 14, Spyropouloswent to Athens for his highschool studies. He studied Polit-ical Science in Sweden. In Swe-den, he met his artist wife, ErikaKnickman Spyropoulos.

After completing his militaryservice in the Greek navy be-tween 1962 and 1964, he andhis wife immigrated to the U.S.,where his brothers lived. Previ-ously, the family had arrived inthe U.S. in 1888, with his grand-parents Theodore and AglaiaSpyropoulos establishing thesuccessful Maple Leaf chocolatecompany, which was a source ofemployment for many Greek im-migrants over the years.

Within a few years of estab-lishing themselves in their newcountry, Spyropoulos and hiswife founded T.G.S. NationalWholesalers in 1975. The com-pany specializes in wholesalingof automotive parts and its op-erations extend to Europe, theU.S. and the Middle East.

One business led to another.In 1980, the couple launched,T.G.S. Petroleum Co, Inc.

In 1985, he was a co-founderof CAM2 International, a motoroil lubricants company pur-chased from Sunoil. CAM2 In-ternational continues to grow,with over $500 million in annualsales. The company producesagricultural and industrial chem-icals too – all of which are madeat four refineries in the U.S.

Since 1976 he has completeownership of A&T Holding Com-pany, which is a real estate hold-ing company. He was previouslydirector of Swiss-based GTE En-gineering, Automotive Whole-salers of Illinois.

Spyropoulos has been Presi-dent of SAE USA since 2006, in-volved in the reorganization ofSAE’s international organizationto be politically and financiallyindependent from the Greekgovernment and to, as he says.“have a true representation” of10 million Greeks abroad. A mil-lion trees – and the seeds ofmore environmentally-consciousminds- have been planted inGreece through the Plant YourRoots in Greece Foundation, un-der Spyropoulos’ leadership.

The invasion of Cyprus in1974 was an issue that first pro-pelled Spyropoulos into cam-paigning for Hellenic issues. Hewas among the founders thatyear and a president of theAmerican Hellenic Institute inWashington, D.C. He also wasthe first president of the HellenicAmerican National Council,founded in 1991.

He is currently a chairman ofHermes Expo International. Hewas president of the ENOSISFederation of Hellenic American

Organizations of Illinois be-tween 1991-2006.

“Education is the number onepriority on my mind,“ says Spy-ropoulos, whose SpyropoulosScholarship for Hellenic-Ameri-can Students of Hellas and USAhas benefitted over 300 peoplesince 1982.

Among his many distinctions,Spyropoulos is most proud of hisEllis Island Medal of Honor re-ceived in 2001, a tribute to hisfamily’s early roots in America.He and wife have one daughter,Mariyana, who is an attorneyand an environmental commis-sioner in Cook County.

www.cam2international.com,www.saeusa.org

29.CONSTANTINEIORDANOU100 MIllION INSurANCE

Constantine “Dino” Iordanou,62, is president, CEO and Chair-man of the Board of Arch CapitalGroup, Ltd, a Bermuda-based in-surance/reinsurance global gi-ant.

The CEO’s journey began inCyprus. He arrived in the U.S.and worked his way throughNew York University, earning aB.S. in aerospace engineeringbefore entering the insurance in-dustry in a trainee role at Amer-ican International Group (AIG).

Iordanou told the publicationRisk & Insurance in 1999 that itwas when AIG chairman HankGreenberg noticed him in 1980that he was promoted. In 1987he moved onto Berkshire Hath-away, where he worked up toheading their commercial casu-alty operations. From March1992 through December 2001,Mr. Iordanou served in variouscapacities for Zurich FinancialServices and its affiliates, includ-ing as senior executive vice pres-ident of group operations andbusiness development of ZurichFinancial Services, president ofZurich American Specialties Di-vision, chief operating officerand chief executive officer ofZurich American and chief ex-ecutive officer of Zurich NorthAmerica.

He joined Bermuda-basedArch (NASDAQ: ACGL) in De-cember 2001 as its Presidentand member of its Board of Di-rectors. In 2003, Iordanou wasappointed president and CEO ofArch Capital Group, Ltd. In No-vember 2008, he was also ap-pointed to the post of Chairmanof the Board.

Rated one of Forbes’ 400 BestBig Companies in 2008, Archhad $5.03 billion in capital atthe end of 2011, with stocks val-ued at about $37 in March 2012.Arch writes insurance and rein-surance on worldwide basisthrough operations in Bermuda,the US Europe and Canada. Itssubsidiaries offer full range ofproperty and casualty insuranceand reinsurance products glob-ally, with a focus on specialtylines of business. Some 34% ofits work is in casualty and pro-fessional liability, about 33% forproperty/energy/marine andaviation. Arch Capital GroupLtd. recently announced that itwill acquire Ariel Re's Credit &Surety reinsurance operationsbased in Zurich.

Iordanou, who is based inGlen Head, N.Y., has consider-able stocks in the company andhis compensation for 2010 was

$9.5 million.He is also a director at Verisk

Analytics, Inc. of Jersey City,N.J., the American Insurance As-sociation (AIA) and the Associ-ation of Bermuda Insurers andReinsurers (ABIR).

He is a founding member andlifetime trustee of the Pan-cyprian Association of America,established in 1975. He also is afounding member of Faith: AnEndowment for Orthodoxy andHellenism. Iordanou has previ-ously served as a trustee of Roo-sevelt University and the Collegeof Insurance and Risk Manage-ment. His awards include the El-lis Island Medal of Honor(1999). He is married to Mari-anne Iordanou and they havethree children.

www.archcapgroup.com

29.GEORGEPERLEGOS$100 MIllION ElECTrONICS

Mr. Perlegos, 62, was chair-man & CEO of Atmel Corpora-tion (NYSE: ATML), a globalleader in the manufacturing ofmicrocontrollers and other spe-cialized electronics componentsin San Jose, Ca. He was born inTripoli, Greece. His family cameto the United States when hewas 12 years of age. Though heentered San Jose State Univer-sity intending to study medicine,the semiconductor industry at-tracted his attention. He workedin Silicon Valley upon gradua-tion, and then received his PhDin Electrical Engineering at Stan-ford, working at Intel and help-

ing to found SEEQ Technology.He is legendary for his work onEEPROM flash memory technol-ogy at Intel.

He bootstrapped semicon-ductor company Atmel in 1984with $23,000 of his own money.The company designs, develops,manufactures and sells a rangeof integrated circuits products,including microcontrollers andadvanced logic, mixed-signal,nonvolatile memory and radiofrequency components. Perlegoswas terminated in August 2006after an investigation where theboard of directors accused him


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and his brother Gust (an execu-tive vice president of the com-pany) of spending $235,000 incompany funds on airplane tick-ets for themselves and their im-mediate families, although theDelaware Chancery Court ex-pressed its “discomfort with thethoroughness and fairness of theinvestigation and with the deci-sions.” Perlegos called a meetingto replace five of the existingboard members, which theboard attempted to cancel. InMarch 2007, the DelawareChancery Court ruled that theshareholder meeting must pro-ceed, but this action was com-pleted after Perlegos was re-moved as president. The actionresulted in a special shareholdervote, which failed to generatethe necessary 50 percent for Per-legos.

In 2009, the San FranciscoChronicle valued Perlegos’shares at $84.4 million. Stockprices – with some fluctuations-have doubled since then. Atmel’scurrent market value is $5 bil-lion. Despite the conflicts at At-mel, Perlegos remains a force inSilicon Valley as a semiconduc-tor consultant. He is among ahost of Greek names listed underthe company Silicon Valley SeedFunding Group. Analysts havewatched him evolve from a bril-liant engineer at Intel into a re-spected leader of a billion-dollarpublic company. Atmel’s IPO(initial public offering) increasedhis net worth by millions.

George is married to AngelikiPerlegos. They are members ofLeadership 100.

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30.MERKOURIOS“MIKE”ANGELIADES$98 MIllIONCONSTruCTION, rEAlESTATE

Born on the island of Simi,in the Dodecanese, Mike Angeli-ades, 71, established the fifthlargest construction business inthe metropolitan New York area(and one that is among the top400 in the country). The is-lander’s first jobs when arrivingin the U.S. in 1960 includedpackaging cheese, olive oil andolives, boat construction, load-ing freezers for an ice cream andeven treacherous work paintingbridges. Then he was hired byGeorge Levesanos, a friend ofhis carpenter father’s, in con-struction and realized how muchhe enjoyed the trade that he hadbeen trained on, in part, byworking with this carpenter fa-ther in Simi.

In 1965, he and his cousinGeorge Nikolis took a major stepby establishing their ANT Con-struction Company renovatinghomes. Three years later, theyestablished a new company andthis time worked in renovatingrestaurants. He told TNH, “in ashort period of time, we endedup doing general reconstruc-tions.” Angeliades has built 182restaurants in the New York met-ropolitan area. He said, “I soldthe majority of them to Greeks,I financed all of them and Inever went to court for any rea-son and I am saying this with asense of pride.” In 1990 he splitwith his cousin, establishing hisown company called M.A. An-geliades. It specializes in federaljobs such as libraries, court-houses, and schools. M.A. An-geliades has also done severalmajor New York Mass TransitAuthority reconstruction pro-jects. His other investments in-clude the recent purchase of 47Dairy Barn convenience storesin New York.

He is one of the originalfounders of Archangel MichaelChurch in Roslyn, N.Y. He is alsoa member of the AHEPA GoldCoast Chapter and Leadership100.

He and his wife of over 30years, Libby, reside in Manhas-set, N.Y. They have four daugh-ters and four granddaughters.

www.ma-angeliades.com

31.GEORGE J.TSUNIS &FAMILY$85 MIllIONHOSPITAlITY/rEAl ESTATE

George J. Tsunis, 45, foundedChartwell Hotels, LLC in 2006,building on a family tradition ofhotel and restaurant ownership.The company has 900 employ-ees, currently owning and man-aging a total of 13 hotels, in-cluding the Intercontinental,Hilton and Marriot brands –inthe states of New York, New

Hampshire, Pennsylvania, andRhode Island. In 2010, the com-pany added a hotel and two of-fice buildings. It plans to addmore hotels in 2012. Chartwell’sHoliday Inn at Williamsport, Pa.earned a “Newcomer of the Yearaward” from Holiday Inn in2007.

Chartwell Hotel’s chairmanand Chief Executive Officer, Tsu-nis, makes a point of visiting thehotels as often as he can. “I don’tthink there is any substitute forgoing and visiting the hotels asa management tool.” He notes:“Like all Greeks, my familystarted out in the restaurantbusiness. And it’s all about hos-pitality and taking care ofguests. We went from feedingthem, as coffee shop owners andrestaurateurs, to now providingovernight accommodations.”

He added: “Over the pastyear, I’ve taken advantage of thedownturn in real estate to pickup some properties. We are cur-rently developing two hotels and

a couple of office and mixed-usebuildings, mostly in Pennsylva-nia.”

Tsunis added: “we are pro-viding a lot of the picks andshovels for the Marcellus Shale.”He explained, “it’s the secondlargest natural gas find in thehistory of the world and there isan incredible need for hotels andoffice building and shoppingcenters an apartments through-out the northern tier of Pennsyl-vania.”

Tsunis and his family buildon the legacy of his father, thelate James Tsunis. James and hiscousin Charles Tsunis beganwith coffee shops, carved out aname for themselves by buildingthe Bonwit Inn on Long Islandin 1971, and eventually investedin hotels and real estate. GeorgeTsunis also oversees his family'sreal estate and restaurant hold-ings which includes shoppingcenters and office buildings in

the Northeast.After studying at N.Y.U., Tsu-

nis was trained as an attorneyat St. John's University inQueens, N.Y. He was a partnerat Long Island law firm RivkenRadler LLP, working in real es-tate development, zoning andland use. Tsunis previously alsowas a Special Counsel to theTown of Huntington, Senator Al-fonse D'Amato's appointee onthe U.S. Senate committee onBanking, Housing and Urban Af-fairs, and an attorney for theNew York City Council. He hasworked on campaigns includingthose of Governor George Pataki(1994) and Suffolk County Ex-ecutive Robert Gaffney (1999).His decisions on whom to sup-port are based on what theirstances are on the important is-sues of the community – the Ec-umenical Patriarchate, Greece,and Cyprus.

Active in both his local com-munity and the Greek OrthodoxChurch, he was the youngestboard of director member ofLong Island’s Dowling College,his region’s American Red Crosschapter, and one of the youngestto receive the title of Archons ofthe Ecumenical Patriarchate’sOrder of St. Andrew. He wasnamed to the National Councilof the Archons. He is also on theBoard of Trustees of Touro LawSchool. He often actively worksbehind the scenes to promotethe Hellenism and Orthodoxy’sinterests in the U.S. and is afounding member of the FaithEndowment. The LycomingUnited Way presented him withThe Douglas C. Dickey Humani-tarian Award last year.

He and his wife, Olga, havea son, James, and daughter,Eleni.

www.chartwellhotels.com

32.WILLIAM J.CATACOSINOS,

PH.D$80 MIllION MINING ANDuTIlITIES

Dr. William J. Catacosinos,81, has been a director of Inter-national Coal Group (ICG) since2004. ICG was a leading coalmining company operating inthe United States, with morethan 2,220 employees, whichwas acquired by Arch Coal in amassive $3.4 billion cash pur-chase in 2011.

Catacosinos is currently man-aging partner of Laurel Hill Cap-ital Partners, a private equity in-vestment firm. His son Bill andJames are also partners.

In mid-2011, the ICG acqui-sition made big news in the coal

business. ICG was principally en-gaged in the extracting and pro-cessing of steam and metallur-gical coal in Northern andCentral Appalachia. ICG pro-duced, processed and sold steamcoal from 13 regional miningcomplexes, which were sup-ported by 13 active under-ground mines, 11 active surfacemines and 11 preparation plantslocated throughout West Vir-ginia, Kentucky, Maryland, Vir-ginia, and Illinois.

Before the merger, ICG con-trolled around 318 million tonsof metallurgical quality coal re-serves and around 769 milliontons of steam coal reserves. ICGalso owned the Sago Mine inWest Virginia, where 12 minerswere killed during an explosionin January 2006. Shares at ICGsoared with the news of thedeal, which made Arch the sec-ond largest reserve holder ofcoal in the U.S.

The son of immigrants, Cat-acosinos was raised in UpperManhattan’s WashingtonHeights in New York City. Hisstudies at NYU included a mas-ter’s degree in administrationand a PhD in economics. From1953 to 1956, Catacosinosserved as an officer in the U.S.Navy and from 1957 to 1969,he was Assistant Director atBrookhaven National Labora-tory, Upton, N.Y. He foundedand was chairman and CEO ofApplied Digital Data Systems,Inc., a computer manufactureras well as pioneering heart fetalheart monitor company Coro-metrics Medical Systems, Inc.,which was sold to AmericanHome Products with big returns.He then went on to found andserve as Chairman and CEO ofApplied Digital Data Systems,Inc. (ADDS), which was ac-quired in 1980 by NCR.

He was also chairman & CEOof Long Island Lighting Co.,which built the controversialShoreham Nuclear Power Plant

(never used, though it bore a $6billion price tag) on Long Island,from January 1984 to July 1998,pocketing a $42 million sever-ance package after a controver-sial parting of the ways at thetime.

From 2000 to 2004, Catacosi-nos had served as chairman,president & CEO of TNP Enter-prises Inc., the parent of Texas-New Mexico Power in FortWorth, Texas. He then was CEOtill 2005, when TNP was ac-quired by PNM, yielding doublethe initial investment.

He has served on the boardsof Atlantic Bank of New York,The Center for the Study of thePresidency, First National Bankof Long Island, German Ameri-can Chamber of Commerce,Ketema, Inc., Long Island Asso-ciation, U.S. Life Corporation,Utilities Mutual Insurance Com-pany and Preservation ServicesInc.

Catacosinos has served as anAdjunct Professor at NYU’sGraduate School of Business Ad-ministration and has lectured atmany other business schools.

He and his wife Florence re-side in Mill Neck, N.Y. A CancerResearch Professorship is namedafter the couple at Stony BrookUniversity.

www.laurelhill.com

33.ANDREW N.LIVERIS

$70 MIllION CHEMICAlS,PlASTICS, MANAGEMENT

Australian-born Andrew Liv-eris, 58, is President, Chairmanand Chief Executive Officer ofinternational chemical, materi-als, agroscience and plasticsglobal giant The Dow ChemicalCompany, which is based in Mid-land, Michigan. He succeededWilliam Stavropoulos, a friendand mentor (also listed here) in2004 and became Chairman ofthe Board in 2006.

Dow today has $60 billion inannual sales and 52,000 em-ployees worldwide. Though thecompany has faced a decline inits stock prices in recent years,Liveris has been generouslycompensated as Chairman. In2010 alone, according to Forbes’list of top CEO’s compensation,he earned $10.41 million in totalcompensation, bringing his five-year earnings as CEO to $41 mil-lion. According to CNN Money,a stock price upswing between2009 and 2010 paid off whenthe stock options provided tohim by Dow increased in valueto the tune of $15 million.


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The Board of Directors nom-inated Liveris as a force to di-versify the company. Among hisimportant moves was acquiringspecialty chemical companyRohm and Haas for $16.2 billionin 2008.

He is a firm believer in incen-tives for increasing manufactur-ing in the US again. He evenwrote, and frequently speaksabout, his 2011 book “Make itin America” on that topic.Among the products that thenew Dow aims to make in Amer-ica are new products, often withan environmentally-friendly orresearch-based core, such as so-lar shingles for homes. In June

2011, President Obama namedhim co-chair of an AdvancedManufacturing Partnership,which aims to pool the effortsof industry, schools and the gov-ernment for innovation in fieldslike information technology,biotechnology, and nanotechnol-ogy.

He also aligned himself in2011 with the president and bil-lionaire Warren Buffett alike incalling for higher taxation ratesfor millionaires like himself.

Liveris has been at Dow for35 years. He first started work-ing in Australia in 1976 in man-ufacturing, engineering, sales,marketing, and business andgeneral management. Much ofthis time he worked in Asia, in-cluding 14 years in Hong Kong.He has served as general man-ager for Dow in Thailand, andpresident of all Asia-Pacific op-erations. He has been a memberof Dow's Board of Directors sinceFebruary 2004, and was namedCEO in November 2004. He waselected as Chairman of theBoard effective April 1, 2006.

The Dow CEO/Chairmanwith roots in Kastellorizo,Greece was born in Darwin, Aus-tralia. As he told students in alecture in 2005, his grandfatherwas a Greek sailor who madethe impromptu decision to stayin Darwin, after traveling thereon a merchant ship at the startof the 20th century. Andrew Liv-eris attended the University ofQueensland in Brisbane, gradu-ating with a bachelor's degree(first-class honors) in ChemicalEngineering, and was awardedthe University Medal for thatyear. In 2005, he received anhonorary doctorate in sciencefrom the school.

The Greek-Australian sits onthe board of directors of IBM,and is vice chairman of the Busi-ness Council, and a vice chair ofthe Business Roundtable. Heserves as president and chair-man of the Board of the Inter-national Council of Chemical As-sociations. He is a member ofthe U.S. President's ExportCouncil, the US-India CEO Fo-rum, the Peterson Institute forInternational Economics, andthe American Australian Associ-ation. He serves on the board oftrustees for The Herbert H. andGrace A. Dow Foundation, US-CIB, and Tufts University.

Liveris is a Chartered Engi-neer and a Fellow of The Insti-tute of Chemical Engineers, aswell as a Fellow of the AustralianAcademy of Technological Sci-ences and Engineering. In 2011alone he received awards fromthe Committee for Economic De-velopment, the United StatesCouncil for International Busi-ness (USCIB) and the Yale ChiefExecutive Leadership Institute.He was appointed InauguralChair of The University ofQueensland in America Founda-tion in 2011.

Last year, he was presentedwith the distinguished Arch-bishop Iakovos Leadership 100Award for Excellence.

Liveris resides in Midland,Mich. with his wife Paula. Theyhave three adult children.

www.dow.com

34.MANUEL N.STAMATAKIS$50 MIllION INSurANCE,rEAl ESTATE

Manuel “Manny” N. Sta-matakis, 64, is Founder, Chair-man and CEO of Valley Forge,Pa.-based Capital ManagementEnterprises (CME), one of the

country’s leading employee ben-efits consulting company. Promi-nent in Philadelphia civic life,he is noted for his role in nego-tiating both the rescue and revi-talization of the city’s historicshipyard and the creation ofDrexel University’s College ofMedicine.

When it came to the insur-ance business, he credits his suc-cess to knowing the details ofthe business inside and out andhaving the following rule ofthumb: “Find the smartest peo-ple in that business and spendas much time with them as pos-sible.”

Second-generation GreekStamatakis was raised inCanonsburg, Pa. in what he callsa lower middle class household.Parents Marsha and Nicholashailed from Karpathos andRhodes islands, and he creditshis Yiayia for teaching him aboutsaving the coins he earned shin-ing shoes at the local coffee-house.

A scholarship student andfraternity president, he studiedindustrial engineering at PennState University. After gradua-tion in 1969, however, he wasmore interested in pursuing apart-time job in insurance thanhis engineering work. Togetherwith a partner, he founded hisfirst company, Stamritt, Inc., be-fore launching Stamatakis andAssociates in 1972, a companyhe folded into CME in the 1980s.He also created with a group ofcolleagues, First Financial Re-sources in the 1980s, a produc-ers’ group with 100 offices na-tion-wide.

His insurance work first fo-cused on individual retirementplans, before shifting into exec-utive compensation and estateplanning. In most recentdecades, CME specializes in the

lucrative business of group in-surance and benefits consulting.He prides himself on saving cor-porate clients millions of dollars.

Stamatakis has been in-volved, since age 26, in real es-tate development projects. He iscurrently involved in a casinoplan for Philadelphia.

On the civic side, he has beenextensively involved in variousways in shaping the public lifeand business environment ofPhiladelphia and Pennsylvania.In 1995 Governor Tom Ridgeasked him to chair the Pennsyl-vania IMPACCT Commission,which was charged with findingways to trim government spend-ing in Pennsylvania. The Com-mission identified over $5 billiondollars in potential savings. Hechaired the Delaware River PortAuthority (DRPA) between 1996and 2003. He was pivotal in theeffort to restore Philadelphia asa major shipbuilding center,helping to create a partnershipwith the Commonwealth ofPennsylvania, the City ofPhiladelphia and the FederalGovernment to build the newestand most modern Commercialshipbuilding facility in theUnited States. He told TNH: “Webrought in a world-class ship-building company from Norwayto run the Yard and they are cur-rently undertaking the construc-tion of the 17th and 18th ocean-going commercial ship at theYard, representing more than 50percent of all such ships built inthe entire United States since2000.” He is currently on theboards of Aker PhiladelphiaShipyard and the PhiladelphiaShipyard Development Corpora-tion (Chairman).

He chaired, for 13 years, theDrexel University College ofMedicine, an institution that hewas involved in helping to createout of two ailing local medicalinstitutions. He remains on theboards of both Drexel and itsCollege of Medicine. TheManuel Stamatakis EndowmentScholarship for medical studentshas raised $2.5 million forDrexel’s future doctors throughgolf tournaments for students.He is an avid golfer.

He serves on numerousboards, including serving aschairman of the GreaterPhiladelphia Tourism MarketingCorporation, the PhiladelphiaShipyard Development Corpora-tion and the PennsylvaniaSupreme Court Investment Ad-visory Board. He is on the boardof companies including CrowleyChemical Corporation and Mis-tras Group, Inc. to name but afew. He has, since the 1980s,raised “tens of millions,” accord-ing to Stamatakis, for Republi-can campaign fundraising, in-cluding the Presidentialcampaigns of former New YorkCity Mayor Rudy Giuliani andPresident George W. Bush.

A few of his distinctions in-clude an honorary Doctorate ofBusiness from the Drexel Collegeof Business and the AmericanHeart Association’s 2010 Heartof Philadelphia award.

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35. CAT CORA

$40 MIllION CulINArY,TElEVISION

Cat Cora, 45, is best knownfor becoming the first and onlyfemale Iron Chef on Food Net-work’s Iron Chef America in2005. She is an in-demand tele-vision and promotional figure, abest-selling author and head ofa multimillion-dollar mediarestaurant, food product andcookware line. CNN Moneyplaced her businesses’ worth inJune 2011 at more than $40 mil-lion.

Cora was born in Jackson,

Miss. Her grandfather (whosename was shortened from Kara-giozos at Ellis Island) and god-father Peter Costas ownedrestaurants. She drafted her ownbusiness plan for a restaurant atage 15.

Cora studied Exercise Physi-ology and Biology at the Univer-sity of Southern Mississippi.Prompted by Julia Child at abook signing, she decided tostudy at the Culinary Instituteof America in New York. Shetrained under top chefs in NewYork and France. She was a souschef in New York before headingto California’s Napa Valley to bethe chef of Bistro Don Giovanni.

Early on, Cora was a culinaryambassador for Greek food inAmerica. Cora writes in her firstcookbook, “Cat Cora’s Kitchen”(2004) that returning to herfamily’s Skopelos home, she hada realization: “Every food on myaunt’s table was simple, authen-tic, and perfectly delicious – andeach had a place in my family’shistory. I belong to a line of peo-ple that stretches back hundredsof years, all of them sitting un-der these trees, tasting thesesame flavors. Suddenly itseemed as though my years oftraining to be a chef had broughtme here, back to this table, tolearn how to bring these flavorshome.” Her other cookbooks are“Cooking From The Hip: Fast,Easy, Phenomenal Meals” and“Classics With a Twist: FreshTakes on Favorite Dishes.” In2011 she also released her firstchildren’s book, “Suitcase Sur-prise for Mommy,” which helpsyoungsters whose Mom or Dadhave to travel. She is a contribut-ing food & lifestyle editor for O,Oprah Winfrey’s magazine.

The charismatic chef first ap-peared on TV in 1999, as co-hostof Food Network’s Melting Potwith Rocco Di Spirito. Amongher many appearances are host-ing My Country My Kitchen:Greece, Date Plate and co-host-ing Kitchen Accomplished. Sheco-hosts Bravo’s reality seriesAround the World in 80 Plates,which follows 12 chefs compet-ing in a culinary race across 10countries in 44 days.

Her restaurant business isgrowing rapidly. In 2008, shepartnered with Macy’s to openCat Cora’s Que (CCQ), a casualbarbeque restaurant. In 2009,Cora partnered with Disney toopen Kouzinna by Cat Cora atDisney’s Board Walk Resort,which features Mediterraneanand Greek favorites. In 2011,she opened Cat Cora’s Kitchen,with locations in the Virgin Ter-minal 2 at San Francisco Inter-national Airport and the GeorgeBush Intercontinental Airport inHouston, Tex. A Cat Cora Cock-tail Lounge and Tapas andGourmet World Market will fol-low at Salt Lake City Interna-tional Airport as a part of a dealwith Hojeij Branded Foods.

In 2011, the savvy cheflaunched an eco-friendly line ofStarfrit cookware and a line ofGreek company Gaea’s olive oils,vinegar, cooking sauces, tape-nades and olives. She also has aline of California wines underthe Coranation label.

Cora devotes a good part of

her time and energy to nonprofitChefs For Humanity, created in2004 in response to the tsunamidisaster in Indonesia. This not-for-profit organization has part-nered with Share Our Strengthas well as the World Food Pro-gramme to provide nutrition ed-ucation and hunger relief world-wide. Cora and her partnerJennifer Cora live in Santa Bar-bara, CA with four young sons.

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35.TINA FEY$40 MIllION TElEVISION,FIlM

One of the highest-paidwomen in television in 2011 wasnone other than “Ms. Bossy-pants,” Elizabeth Stamatina“Tina” Fey, 42. Her trajectory inshow business was not a given,as she broke into comedy firstas a member of the Chicago im-provisational comedy group TheSecond City before getting herbig break in New York City. Sheput her comedic knack and writ-ing to work as a writer for NBCsketch comedy series SaturdayNight Live (SNL) from 1997 to2006. Her wit lifted her to thetop of that male-dominated or-ganization, and she became thefirst female head writer in 1999,as well as a performer startingin 2000 through 2005. At SNL,she gave her own twist on cur-rent events as a co-anchor of theWeekend Update news segment.Life imitated art – and vice-versa– as she created the NBC televi-sion show ‘30 Rock,” which wasinspired by her own SNL expe-rience. Fey also put her stampon American politics with a

guest appearance back at SNLdoing a spot-on impersonationof vice presidential candidateSarah Palin in 2008. New Yorkmagazine reported that at SNL,Fey was making $1.5 million peryear, while Forbes indicated thatshe earned $13 million as pro-ducer and head writer for “30Rock” in 2010-2011, includingher book sales. The previousyear, her salary was listed as$7.5 million by the same publi-cation.

Again, Fey’s turn to autobi-ography paid off for her, finan-cially, as her book of autobio-graphical, self-deprecatinganecdotes, Bossypants, sold amillion copies. (The New YorkTimes estimated her advance forthat book was at $5 million.) In-cluded are tales of her life grow-ing up in Upper Darby, Pa., withplenty of references to both theGreek and German sides withinher (from her mother and Ger-man/Scottish father, respec-tively). She talks in the book tooof feeling very much a minorityin college at University of Vir-ginia, but always completely athome in the world of theaterpeople.

Fey has written or starred infilm comedies including “MeanGirls,” “Baby Mama,” “DateNight,” and “Megamind,” toname a few.

Her television work has paidoff in seven Emmy Awards, threeGolden Globe Awards, fourScreen Actors Guild Awards andfour Writers Guild of America


George Mitchell IsMore TransformativeThan Barack Obama

By Paul roderick Gregory

Few have heard of GeorgeMitchell, other than energy in-dustry specialists. But when his-tory is told, Mitchell will havetransformed the energy indus-try, the economy, environment,U.S. foreign policy, and geopol-itics more than our self-declared“transformative” President. It isironic that President Obamamay owe his re election to a suc-cessful entrepreneur-risk taker,unappreciated as one of thosepeople who “didn’t build it ontheir own.”

Obama’s lexicon placesMitchell among the greedy one-percenters, who refuse to “giveback to society” what they owe.Mitchell, however, has givenback a thousand or a millionfold. The federal governmentcould pay him billions and stillbe in Mitchell’s debt. It wasMitchell, whose entrepreneurialspirit, risk taking, and persever-ance gave us the fracking revo-lution.

Fracking is Mitchell’sachievement (more than anyother single person). SteveForbes and Elizabeth Ames, intheir Freedom Manifesto, writeof Mitchell’s 15-year quest to de-velop hydraulic fracturing:

“In the 1980s, energy expertsbelieved that the supply of nat-ural gas was dwindling. Thisconcern spread to Mitchell, aHouston-based independent en-ergy producer…..to look forways to replace his critical re-serves….The problem was that(gas) was locked in shale, theextremely dense layer of rockunder Dallas and Fort Worth.”

Despite skepticism from allsides, “Mitchell persisted, work-ing for fifteen years at his ownexpense. The result was an en-hanced version of a techniquecalled hydraulic fracturing –“fracking” – that extracts naturalgas by expanding natural orman-made fractures in rock.”

The 93-year-old Mitchell, sonof a Greek immigrant, father often, and self-made man, ranksas the 347th richest man in theworld. Demanding that a GeorgeMitchell “give back” implies hetook something that was not his.

Not true. Mitchell’s $2.4 billionwealth is a pittance comparedto the value he added to society:

1. Economic benefits: The surge in energy produc-

tion from fracking reduced un-employment and allowedObama to boast that “in 2011,American oil productionreached the highest level innearly a decade and natural gasproduction reached an all-timehigh.” The cheaper energyprices associated with frackingboosted economic output aslower production costs spreadthrough energy industries.

Those who cheered the re-election of Barack Obamashould thank George Mitchell.

U.S. households currentlysave $12 billion a year on resi-dential natural gas over whatthey would have paid withoutfracking. Americans pay lessthan half as much as the French– a country that has bannedMitchell’s fracking.

When American householdswrite their monthly checks tothe gas company, they shouldquietly thank George Mitchell.American industry pays half ofGerman industry for electricitythanks to our cheap natural gas.

Those who fear for U.S man-ufacturing should thank GeorgeMitchell for rising manufactur-ing competitiveness.

Once natural-gas refuelingstations are built along our in-terstate highways, large trucks

can run on cheap natural gas. Ifnatural-gas-powered trucks dis-place just 7 percent of vehiclegasoline consumption, we save$26 billion a year.

Fracking of oil and naturalgas has created, directly and in-directly, more than a millionhigh-paying jobs and has filledentire states, such as NorthDakota, Oklahoma, and Penn-sylvania, with boomtowns,while repairing their public fi-nances. States like North Dakotashould thank George Mitchellfor the extra $2 billion in taxrevenues over expectations andfor the growth of good payingjobs.

2. Geopolitical benefits:North America is projected

to become a net oil exporter by2030. Currently the U.S. has a$300 billion plus net-energy ex-port deficit. A net-energy ex-porting America would improveits trade deficit by over $300 bil-lion a year.

Those worried about the U.S.trade deficit should thankGeorge Mitchell. ExxonMobiland the International EnergyAgency project that the U.S. willovertake Saudi Arabia and Rus-sia as the world’s top energyproducer by 2017 due to frack-ing of oil and gas.

Those who view the U.S. asa declining power should thankGeorge Mitchell for returningAmerica to preeminence in en-ergy production after numerousfailed government pipe dreamsof a completely energy-indepen-dent America.

Fracking threatens to breakRussia’s stranglehold on Eu-rope’s natural gas markets. Eu-rope is already showing its in-dependence by accusing Russia’sGazprom of monopoly pricing.Cheap gas from alternativesources will deprive Putin of hismajor source of state finance,

and will weaken his autocraticKGB state. Putin’s loss of the en-ergy stick will either force himto be more of a cooperativeplayer in world affairs or riskloss of power.

Energy independence will al-ter the balance of power awayfrom politically-questionableand unreliable energy producersin the Middle East and LatinAmerica.

Those hoping for a freerhand for America’s foreign pol-icy that greater energy indepen-dence would give should thankGeorge Mitchell.

In 1950, the U.S. economyproduced $10,000 for everyman, woman, and child. Today,it produces $31,000 per capita.Why are the very people Obamaprofesses to be looking out for– the poor and the middle class– more than three times as pros-perous as sixty years ago? It’snot that we work harder andlonger than in 1950. In fact, wework two hundred hours lessper year under safer more com-fortable conditions.

We enjoy higher standards ofliving because talented risk tak-ers, visionaries, and entrepre-neurs – from the 2 percent tothe small business owner – cre-ate new products, organize pro-duction more efficiently, andseek out new technologies,working against odds and likelyto fail. They do so because thefree enterprise system offersthem the rewards that Obamarails against.

Who owes whom? Mitchell’snatural gas may not be as sexyas Steve Jobs’s ipads, but its im-pact on employment, politics,and our way of life is as greator greater.

Editor’s note: The following op-ed ran in Forbes online on Jan.13, 2013


Awards.Since 2007, Forbes, the New

York Post, Time, People andother media sources agree intheir listings that Fey is one ofthe most influential people to-day.

She is married to composerand producer Jeff Richmond andhas two daughters.

35.JAMES N.GIANOPULOS$40 MIllION MOVIEINDuSTrY

James N. Gianopulos, akaJim Gianopulos, 60, is a co-chairman-CEO of Fox Filmed En-tertainment, with internationalhits under his watch includingthe multi-billion-earning films“Avatar” and “Titanic.”

His father arrived in Americain the 1950’s and ran a marineand industrial equipment man-ufacturing business. Born inBrooklyn, N.Y., Gianopouloswent on to study at Boston Uni-versity, New York's Fordham LawSchool, and New York UniversitySchool of Law. Before specializ-ing in entertainment law, how-ever, he spent a summer work-ing on a tanker and traveling theworld.

He was in the news in 2011fighting for anti-piracy legisla-tion, although his career in theentertainment world began pro-tecting the copyright privilegesof members of the American So-ciety of Composers, Authors &Publishers (ASCAP). He went onto work at RCA/Columbia Pic-tures International Video and infunding/distribution for Para-mount’s international pay TV.

In 1992, he was hired by Foxto run its international TV andworldwide pay TV. He was pres-ident of Twentieth Century FoxInternational from 1994 to2000, before being appointedco-chairman along with TomRothman in 2000. “Gianopulosis a virtual unknown in Holly-wood,” wrote the San FranciscoChronicle at the time. But by2007, Premiere counted themamong the most powerful peo-ple in Hollywood.

Gianopulos was given the ti-tle of Chief Executive Officer in2006 at Fox. In 2009, he andTom Rothman were also ap-pointed to oversee News Corpo-ration’s Los Angeles-based cre-ative production divisions,including the film and televisionstudios. They manage allfilm/TV production and market-ing and global distributionthrough all outlets and markets,including all the new high-techmeans.

Though recent years and thespread of streaming and piracyhave seen declines in Hollywoodbox office profits, by 2006 theGianopulos/Rothman team hadoverseen 20 movies that pro-duced more than $100 millioneach domestically, and 26movies that earned $100 millioneach internationally. “The Simp-sons Movie”, the “X-Men” series,“The Devil Wears Prada,” the“Star Wars” Trilogy, the “Ice Age”series; and Fox Searchlight Pic-tures’ more “arthouse” successeslike “Slumdog Millionaire” and“Sideways” were among the suc-cesses. Director JamesCameron's “Avatar” cost the stu-dio $380 million, but earned$2.7 billion worldwide.

Gianopoulos, referring withpride to a “Greek Mafia” in Hol-lywood, makes sure that all ofHellenic Hollywood’s starsgather at his annual Easter party.He is a Governor of the Academyof Motion Picture Arts & Sci-ences, a member of the Boardof the Motion Picture & Televi-sion Fund, and a trustee of theAmerican Film Institute.

Gianopoulos also serves onthe National Entertainment Ad-visory Council for the Anti-Defamation League and TheBrady Center. He is on the X-Foundation Board of Trustees.He also has served on HonoraryCommittees for The FulfillmentFund, The City of Hope and theMultiple Sclerosis Society forwhich he was the 2001 honoree,The Help Group, which honoredhim with its HumanitarianAward in 2005, the Alliance forLupus Research and others. Hehas been a member and sup-porter of the Army ArcherdFund's Board and on the Advi-sory Council of the Rett Syn-drome Research Trust.

He resides in Los Angeleswith his wife Ann and their threedaughters, Mimi, an up-and-coming actress, Alexa, and Niki.

www.foxmovies.com

[email protected]

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A One-Percenter Gives Far More Than He Takes

A fracking rig at the BarnettShale in North Central Texas,where Mitchell first beganpoking for natural gas in theearly 1980s.

“Time is the most valuable thing a man can spend”Theophrastus

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