War in Ukraine brings ups and downs to London’s Greek billionaire club

The war, which brought great changes and upheavals in Ukraine, also affected the Greek Croesus Club in London.

Published recently by the publication Sunday Times Rich List This year’s figures clearly show that there are winners and losers in this crisis among Greek-born billionaires.

According to the publication of the British edition, Alkis David and the Leventis family, which last year were at the top of the list among the Crees of Greek origin, lost this year the championship due to the departure of Coca-Cola HBC from Russia. The costs of the crisis have weighed on the family’s wealth, which, according to the Sunday Times, has fallen by £560m to £2.193bn, justifying a drop from 59th on last year’s list to 80th this year.

Against, Telis Mistakidis over the past year has become richer by 1.016 billion euros. Sterling got richer, apparently because rising commodity prices boosted the value of his Glencore shares. With a net worth of $2.513 billion, Sterling, the former Copper King, is the richest London Greek this year and 71st among the Creuses of England (up from 110th last year).

Yannis Christodoulou capitalized on rising property prices, and thanks to this, his fortune increased by 350 million pounds, amounting to 2.35 billion, lifting him from 82nd place last year to 77th. Giannakis, 56, as those who know him call him, was nine years old when his family emigrated to the UK after the Turkish invasion of Cyprus. Christodoulou left school at the age of 16 and took his first steps in the jewelry business, but today he is one of the largest property owners in Canary Wharf, London, owning two five-star hotels, among other things.

Duty-free magnate adds £200m to fortune Robert Miller and his daughter Marie Chantal, wife of Paul Glicksburg. The family owns a fortune of £2.2 billion, which puts it in 79th place (up from 82nd last year). Marie Chantal develops her own business, creating a children’s clothing brand to which she gives her name, but her family fortune is largely due to the empire of Duty Free stores founded by her father.

Lazari family dropped to 81st on the list this year from 73rd last year as her net worth fell by £99m to £2.125bn. Christos Lazaris emigrated from Cyprus to London at the age of 16, with £20 in his pocket. “I’ve always felt that the grass is greener somewhere else, and I was too young to think about it.” He started by washing dishes in restaurants while raising money for drawing lessons. The womenswear brand he created was a great success, but in 1978 Lazaris decided to go into real estate. After his death, the family business, which grew into a real estate empire in London, passed into the hands of his three children, Leonidas, Nikola and Andri.

Stelios Hadgioannou is also among the big losers of the year as the EasyJet founder dropped to 101st on the list from 77th last year and his net worth fell by £366m to £1.809bn in the midst of a difficult period for airlines. The 55-year-old businessman may be at odds with the management of the company he founded when he was 28 and reduced his stake, but The Sunday Times considers his EasyJet shares to be his main asset.

Chris Rokos has made £500m and has grown richer over the past year with a net worth of £1.75bn. 104th richest in the London Croesus club (up from 133rd last year), Rokos is a UK-born Greek-born hedge fund manager. In 2002, he founded Brevan Howard Asset Management with three former Credit Suisse executives, Jean Philippe Blochet, James Vernon and Trifon Natsis. Having made billions of dollars for Brevan Howard’s clients during his ten years at the hedge fund, he founded his own company, Rokos Capital Management, in 2015.

George and Konstantinos Logothetis became richer by 10 10 million, and the family fortune is estimated at 60 660 million. With interests in shipping, real estate and aviation, among others, the family is 246th on the list, up from 235th last year.

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