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The Five Wealthiest Greek-Americans

Greek Rich List, an annual luxury lifestyle magazine profiling the World’s wealthiest Greeks and Greek Cypriots has been published for 2010. The publication with 116 pages includes hundreds of profiles, photographs and special features. According to the list the five wealthiest Greek-Americans are:

1. Haseotes Family ($3.2 billion)
Greek immigrants, Vasilios and Aphrodite Haseotes bought dairy farm with only one cow from Cumberland, RI for just $84 in 1938. This turned into Cumberland Farms incorporated in 1957 and grew to be the largest dairy farm operation in Massachusetts with 3,000 cows. In 1956 the company started to open convenience stores and by 1967 they were 8,000 stores with over $1 billion in annual sales. By 1970, half of the stores were selling gas.

2. George P. Mitchell ($2 billion)
George was in the business of energy and real estate. His parents were Greek immigrants and he grew up in Texas. He received a degree in petroleum engineering and served in the US Army Corps as an engineer. Mitchell is the chairman of GPM inc., an engineering sales and service company. He cares about the environment and conserving energy.

3. Peter G. Peterson ($2 billion)
The 83 year old excelled in alternative investments. He is the Co-founder and former chairman of Blackstone Group, one of the largest private investment firms from NY, Boston, San Francisco, and Washington. He was Secretary of Commerce under Nixon and became the chairman for Lehman Brothers. He also was in charge of the Federal Reserve bank in NY from 2000-2004. Peterson is dedicated to his foundation that helps young Americans solve economic struggles.

4. Michael Jaharis ($1.8 billion)
Michael is in the pharmaceutical business and is 80 years old. He developed KOS pharmaceuticals which is named after the Greek island of KOS. This is the island where Hippocrates founded the science of medicine. He regurarly makes donations to the Greek Church, the New York’s Metropolitan Museum of Art, and Tufts University.

5. John Catsimatides ($1.6 billion)
He made his fortune in the business of oil, real estate, and supermarkets.
John is the CEO of Red Apple Group that deals with oil refining, retail, petroleum products, convenience stores, super market and real estate. His parents came to America from the island of Nisyros when he was a child. He grew up in New York City and dropped out of NYU to tend to his business needs. He opened his first grocery store in 1969. He plans to run for mayor of NY.

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