Word: niarchoses
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The New Plutocrat. Footloose and taxfree, Niarchos typifies a new species of plutocrat. He leads a frankly sybaritic life, with no apologies and few hangovers.
With the Creole (which he sailed in last month's Torquay-Lisbon race) and his "little boat," the 103-ft. auxiliary schooner Eros, Niarchos has cruised effortlessly into international society. He has become a patron of the arts (he paid $300,000 for El Greco's Pieta) and...
The Critical 40%. But Niarchos never lets the pleasures of his wealth interfere with his passion for his ships. To handle the day-to-day operations of his empire, Niarchos has recruited some of the world's top shipping brains. His 120-man London staff, quartered in two Georgian...
Niarchos spends little time at any of his nine offices from Hamburg to San Pedro, transacts top-level business with bankers and charterers (in fluent French or English) over leisurely luncheons at quietly opulent restaurants such as Manhattan's Chambord and London's Mirabelle. Wherever he goes, he...
Niarchos' routine, as a London associate observed, "is that he has no routine." However, summer usually finds him aboard the Creole, winter on the ski slopes of St. Moritz (where the toughest descent is labeled NIARCHOS RUN). In June, the menage gravitates to London for the social season. Twice...