Spiros Latsis Net Worth & Biography

Spiros Latsis is a Greek businessman who has been named by Forbes as the 782nd richest man in the world. He is a respected billionaire and the second-richest man in his country. His father was the Greek Shipping tycoon John Spyridon Latsis (also known as Yiannis Latsis), who passed away back in 2003. After the death of John Latsis, his son Spiros Latsis took over the leadership of the family’s business, the Latsis Group of companies. The family’s largest establishment is the private banking conglomerate EFG Bank European Financial Group based in Luxembourg. The Latsis family fortune, all of which is now managed by Spiros Latsis, includes more than 42 percent in Hellenic Petroleum, a leading petroleum player in the southern parts of Europe, through its proprietorship of Paneuropean Oil and Industrial Holdings. In addition to the aforementioned, The Latsis group also control the real estate development group Lamda Development which is based in Athens. Lamda Development projects include Golden Hall Mall in Athens and The Mall Athens, which was inaugurated in 2005. To further expand the reach of his investments, Mr. Latsis also started PrivateAir, a jet charter business with more than 50 airplanes in its repertoire serving affluent American and European travelers, and which he has since sold, pocketing huge profits in the process. He is one of the wealthiest people alive, and the article below contains every important detail regarding his life, professional career, meteoric rise to fame, and his current financial standing.

Early Life: Childhood, Education

He was born in Greece on the 1st of January 1946, as one of the three children of Erietta Tsoukala and John Latsis. His father was a wealthy businessman who had made wealth as a shipping tycoon.

Spiros Latsis attended the London School of Economics and graduated from the reputed institution with a bachelor’s degree in Economics in the year 1968. By the year 1970 he had completed a master’s degree in logic and scientific method. In 1974, he received a PhD in philosophy from the same institution where he earned his first degree; the London School of Economics.

Professional Life: Business Career

In the early 1960s, this businessman joined the banking sector of his family business. At that time, he was still pursuing his education.

By the year 1974, Spiros had received his Ph.D. He became the director of several companies held in the family banking umbrella group and the EFG group by the year 1989. By 1990, he assumed the role of a non-executive Director of Ergasias SA in Athens and was also appointed as the director of Eurofinanciere d’Investissements SAM in Monaco.

By the year 1997, this brilliant and dedicated entrepreneur had taken over the position and responsibility of Chairman of the EFG Group. Six years later, after the passing of his father John Latsis, he took over the entire Latsis Group of Companies.

Today, Spiros Latsis is the President of Societe d’Etudes et Economiques in Geneva, Switzerland. He is also the chairman of numerous other companies including Industrial Holdings S.A. and Paneuropean Oil. Besides this, he has also been appointed as a director of EFG International and Consolidated Lamda Holdings. Spiros and his family own a large stake in the oil company Hellenic Petroleum and Lamda Development. He is also a trustee of Princeton’s Institute for Advanced Studies.

Personal Life: Family, Kids, Private Interests

Due to the private nature of his life, there isn’t much that is known about Spiro’s personal life. However, we’re aware that he is a married man and a father of two children.

He was born in Greece and, to date, he continues to hold Greek Citizenship. He resides in Geneva Switzerland, with his wife and their children.

Achievements: Awards & Honors

Besides having acquired a PhD in philosophy at the age of 28, this hardworking and versatile man of affairs also received an honorary doctorate degree from Witten/Herdecke University in Germany in the year 2006, in recognition of his work in the field of Economics.

He has made massive financial contributions to the John S. Latsis Public Benefit Foundation and the International Latsis Foundation in Geneva. His numerous donations towards the areas of scientific research, culture, education, and social welfare, have also been documented and are appreciated.

Spiros Latsis Net Worth: Salary, Income Sources, Assets

The Greek businessman and investor, Spiros Latsis, is said to own a net worth of 3 billion dollars. Born in Athens, Greece, he attended the London School of Economics for his Bachelor degree in Economics and later bagged a Master’s degree in Logic and Scientific Method before going on to earn his PhD in philosophy.

Spiros’ wealth has come from years of working in, and leading his family’s business after the death of his father. Starting from the early 1960s, this man joined the banking department of his family business even when he was still struggling to complete his education in the London School of Economics. He took over his father’s companies and led the business to further expansion by becoming a director/chairman of several companies in the family’s holding group. As of today, Spiros Latsis is listed as the second-wealthiest Greek alive.