Stavros Niarchos Foundation

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Stavros Spyros Niarchos was born July 3, 1909 in Athens. He studied law at the University of Athens and began working in 1929 in his family’s grain business. Recognizing the substantial transportation expense in importing wheat, Niarchos believed that one would save money by owning the ships that provided the transportation. Consequently, he bought his first six freighters during the Great Depression.

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