Stervos niarchos biography definition

Biography of Stavros Spyros Niarchos

Stavros Spyros Niarchos, also known as "The Golden Greek," was a Greek shipping magnate born on July 3, 1909, in Athens.

His parents, Spyros Niarchos and Eugenia Coumandaros, were naturalized Americans who owned a store in Buffalo, New York. They returned to Greece three months before Stavros was born. Stavros studied law at the University of Athens and later joined his family's grain business.

Stervos niarchos biography definition

It was during this time that he convinced his relatives that the company could make greater profits by owning its own ships.

During World War II, while serving as a naval officer, a part of the trading fleet he had built with his uncle was destroyed.

Insurance companies paid them around 2 million dollars, which Stavros used to construct a new fleet. He founded "Niarchos Ltd.," an international shipping company that owned over 80 tankers transporting bulk