Word: millions
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Dates: during 1960-1969
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...company's character." Evidently, silence is also golden. A recent study by the House Banking and Currency Committee reveals that U.S. Trust, which is really a commercial bank, directs the destinies of $11 billion in personal trust and investment money. O.P.M. last year brought the company nearly $18 million in fees and commissions. That, plus income from investments and interest on loans, lifted revenues to $34 million. So far this year, total income is running 28% ahead of 1968 levels...
When financial woes forced the family-owned Krupp empire to become a public corporation, lawyers drew up a unique contract in which the late Alfried Krupp's son and sole heir, Arndt von Bohlen und Halbach, renounced his rights to a $500 million inheritance. In return, Arndt, for the rest of his life, would receive 2½% of the sales from Krupp's Rossenray coal mine, one of the richest in the Common Market. This year that stipend will amount...
...most people, the Golden Greeks are Aristotle Onassis and Stavros Niarchos, the argonauts who have built fortunes of $500 million each and cut a swath in international society. The two old rivals still struggle to outdo each other in size of fleet and fortune, and are now engaged in a fierce competition to win a Greek government contract to build a huge shipping and industrial complex. Though they get most of the publicity, they are only the two most conspicuous men in a large group of Greek shipping magnates, most of whom are known in nautical circles as the "other...
...Greek shipowners today possess the world's largest merchant fleet -3,065 ships totaling almost 25 million tons. As a group, they are the biggest spenders in the world's shipyards. More than 200 vessels, including 43 supertankers, are on order or being built for Greek owners. The Greeks set up shop wherever they can do business, in London, Manhattan, Lausanne or Beirut. They fly the most convenient flag -Liberian, Panamanian, Cypriot-but they remain Greek wherever they go. Their enterprise has been a major force in lifting the postwar economies of shipbuilding nations. In British shipyards alone...
...Costas Lemos, 60, is by far the wealthiest of all Greek shipowners. His net worth: about $750 million. At the end of World War II, he owned a shipping line, but no ships at all. The war had destroyed 70% of the Greek merchant fleet, including the three Lemos vessels. To replace them, Lemos bought three U.S. Liberty ships at cut-rate prices. Like many other Greeks, he has devised quite a few new methods and designs, including a combination liquid-dry cargo ship that can haul a load of oil on an outbound voyage and return with a cargo...