George Economou
$4.5B
Born
Mar 10, 1953
Age
72
Source of Wealth
Shipping
Residence
Monaco,
Citizenship
Greece
Marital Status
Divorced
Children
5
Education
Bachelor of Arts/Science, Massachusetts Institute of Technology; Master of Science, Massachusetts Institute of Technology
- George Economou is a Greek shipping tycoon who owns several privately-held firms under his TMS Group.
- He took one of those firms, Dryships, public on the Nasdaq in 2005 before ultimately taking it private again in 2019 at a $456 million valuation.
- In 2018, he sold offshore drilling firm Ocean Rig to publicly traded TransOcean at a $2.7 billion valuation, just 18 months after the firm filed for bankruptcy.
- Between August and December 2023, Economou bought large positions in four publicly-traded shipping firms in the U.S.
- Outside of shipping, he owns an estimated $250 million art collection including works by Pablo Picasso. Part of it is on display in his private museum in Athens.
- Dryships made headlines due to volatile trading and several reverse stock splits in 2016 and 2017 that saw its stock price rise by 1,500% before plunging by 99%.
- Economou also owns homes in Connecticut, Greece, London, New York, St. Barts and Saint-Tropez, plus the luxury Armonia Residences south of Athens.
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