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How wealthy is Nottingham Forest owner Evangelos Marinakis with a net worth of $630 million?
Evangelos Marinakis, a Greek media mogul with a net worth of $630 million, is also a Piraeus city councilor and shipowner. He is the owner of Greek football club Olympiacos and English football club Nottingham Forest.
Fifth-placed team in the 2022 EFL Championship standings, Nottingham Forest are now in an excellent position for immediate promotion to the Premier League. We examine Evangelos Marinakis, the club’s owner, his net worth, background and Forest’s development under him
Net worth of Evangelos Marinakis
$630 million net worth
Greek shipping magnate Evangelos Marinakis, born in 1967, is CEO of Capital Products Partners (CPP). A global shipping company called CPP specializes in the ocean transportation of a variety of commodities including dry cargo, containerized cargo, as well as crude oil, refined oil products and chemicals.
In 2012, Capital Product Partners had a profit of $99 million on sales of $170 million. He is also the proud owner of the boats Amore Mio and Amore Mio II, a 274 meter oil tanker owned by the CPP.
He is among the 100 most influential shipping people according to Lloyd’s List and his estimated net worth as of 2022 is $630 million.
He is a well-known philanthropist who supports Greek charitable organizations. Mr. Marinakis has supported multiple causes both as an individual and as President of Olympiacos Football Club. The 52-year-old businessman on the island of Crete has pledged to make a private donation of €80,000 a year for the first ten years to a museum dedicated to Greek poet Nikos Kazantzakis.
Athens, the capital of Greece, unveiled a bust of Alexander Ypsilantis in September 2014 with direct funding from Evangelos Marinakis. Through the charitable organization Genesis Theotokos, Mr. Marinakis paid for meals for hundreds of Greeks in Athens while serving as President of Olympiacos. The club organized the UNDP Match Against Poverty in 2010, which helped disaster victims in Haiti and Pakistan by raising more than $500,000.
In May 2014, Mr Marinakis was elected to the Piraeus City Council after meeting the businessman with a politician. In addition, since 2010 he is the President and owner of Olympiakos FC, the most successful football team in Greece. The club is owned by Marinakis through his company Abisso Holdings Ltd. Olympiacos won the Greek league seven years in a row while he was in charge.
Mr Marinakis is the President of Superleague Greece. Between 2010 and 2011 he was Vice President of the Hellenic Football Federation.
Income of Nottingham Forest owner [Update 2022]
The owner of Nottingham Forest Football Club is also CEO of Capital Product Partners. The club’s administrative headquarters are in West Bridgford, a town in the English county of Nottinghamshire.
Mr Marinakis bought the majority of Nottingham Forest, an English league team that have won two European Cups. In early 2019, the club embarked on a £50m redevelopment project at the City Ground to transform it into a world-class 38,000-seat stadium.
On 18 May 2017, Evangelos Marinakis completed the purchase of Nottingham Forest, ending Al-stint Hasawi’s ownership of the team. Forest chairman Nicholas Randall had promised that the team would play in Europe again in five years. However, due to underperforming transfers and a toxic club environment, Forest continued to compete in the championship four years after the Marinakis period.
The club was formed in the summer of 2021 with structural changes to fix previous mistakes. To implement a more data-driven transfer policy, Forest hired George Syrianos as Head of Recruitment and Dane Murphy as Chief Executive. To avoid the “short-term nature” of the recent transfer windows, Forest management pledged not to hire players for more than £18,000 a week.
The appointment of Steve Cooper as the team’s new head coach was officially announced by Forest on September 21, 2021. The team, bottom of the table when Cooper took over, had made an impressive turnaround and are now seriously fighting for a climb-from berth.
Nottingham Forest Club’s expected earnings are:
net worth | $51 million |
Annual profit | 40 million dollars |
gross profit | 35 million dollars |
market value | 1 billion dollars |
Sources | Investors, endorsements, companies |
With an estimated net worth of £89m ($115m), Nottingham Forest Town Football Club makes £25m ($33m) annually from ticket sales, television broadcasting rights and commercial collaborations. The team earns about 38 million euros ($47 million) annually.
Mr. Marinakis, who also serves as Chairman of the Board, founded Wealth Fortune and Cars Capital Maritime & Trading Corp. by Evangelos Marinakis Container Ships. Capital Maritime Group is owned by the Marinakis family.
Evangelos Marinakos was Chairman and Chief Executive Officer of Crude Carriers Corp, a New York Stock Exchange listed company, from March 2010 to September 2011. He has also held the positions of Chairman of Capital Product Partners LP and Commercial Director of Capital Ships Management Corp.
Marinakis wrote the lyrics for the popular song “Excitement” (aka “Eksapsi”) performed by Greek pop singer Natassa Theodoridou in February 2021. The song’s YouTube video was viewed a million times in the six days following its initial release.
The billionaire owns a house in London and his main residence in Athens. Notable vehicles made by Evangelos include Range Rovers and Ferraris. He seems obsessed with cars.
Does Evangelos Marinakis have a date? Discover his family
Evangelos Marinakis was born on July 30, 1967 to Miltiadis and Irini Marinaki in Piraeus, Greece. Miltiadis Marinakis, his father, was a shipowner and Greek parliamentarian. He was a native Cretan. His father also contributed financially to Olympiacos, the Piraeus football team.
He earned a BA in International Business Administration and an MSc in International Relations from the American International University in London. The Nottingham Forest owner now splits his time between Athens, Greece and London, England.
The businessman married his wife Anastaissa. Miltiadis, the millionaire’s son, usually attends matches for the club. He is one of four children. The rich man was diagnosed with coronavirus in March 2020 but he is healthy now.
Marinakis and his family own 27% of Capital Product Partners, which is valued at more than $250 million. The company’s fleet of more than 30 ships has an average age of six years. Customers such as Hyundai Merchant Marine, BP Shipping and Maersk Line have all leased yachts non-bareboat.