George Economou

Quick Facts

Full Name	George Economou
Occupation	Art Collector
Date Of Birth	Aug 4, 1953(1953-08-04)
Age	71
Birthplace	Athens
Country	Greece
Birth City	Attica
Horoscope	Leo

George Economou Biography

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

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

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

George Economou Net Worth

George Economou is one of the richest Art Collector from Greece. According to our analysis, Wikipedia, Forbes & Business Insider, George Economou 's net worth $5 Million. (Last Update: December 11, 2023)

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

Height, Weight & Body Measurements

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

Who is George Economou Dating?

According to our records, George Economou is possibily single & has not been previously engaged. As of December 1, 2023, George Economou’s is not dating anyone.

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

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

Facts & Trivia

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

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