Aristotle Onassis Net Worth At Death
Aristotle Onassis had an estimated net worth of $500 Million at death. He is best known as the Greek shipping tycoon who married JFK’s widow, Jacqueline Kennedy, in 1968. He earned the majority of his income from the shipping business.
Aristotle Onassis launched his own cigarette brand in the 1920s. Soon after, he realized that tobacco shipping generated more revenue, so he ventured into the cargo ship business. The shipping magnate dated a number of well-known women, including the widowed Jacqueline Kennedy, whom he married in 1968.
To calculate the net worth of Aristotle Onassis, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as loans and personal debt, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$500 Million|
|Monthly Salary:||$2 Million+|
|Annual Income:||$30 Million+|
|Source of Wealth:||Business magnate|
Onassis, who was known as “Ari” by most people, was born on January 15, 1906, in Smyrna, Turkey. He was never a good student, and he struggled in school, much to the chagrin of his father, who hoped Ari would take over the family’s cigarette business. Following the Turkish invasion of his town in 1921, Onassis decided to flee to Buenos Aires, Argentina. He got a job as a telephone engineer in 1923. He eavesdropped on business calls and used the information to set up his own deals.
Onassis’ fortunes soon improved, and he began a life of fine living and expensive clothes. His ability to reinvent himself as a “important businessman” during the day while working the phone lines in coveralls at night was an early indicator of his astute social and business abilities.
First Fortune in Tobacco
In the mid-1920s, Onassis overheard a phone call about a new “talkie” that would feature its main character smoking a cigarette. Onassis had the idea to launch his own brand of cigarettes aimed at women. He chose Claudia Muzio, a famous opera singer, as the ideal model. He arrived at her dressing room with a massive bouquet of flowers to entice her to smoke his brand in public.
Surprisingly, Onassis seduced her. She smoked his brand of cigarettes, of course. The relationship was very profitable for Onassis, and by the age of 25, his tobacco business had made him a millionaire. As his fortune grew, he realized that the shipping magnates who transported the tobacco made more money than the cigarette manufacturer. This realization struck him during the depths of the Great Depression. At a time when everyone was exiting the shipping business, Onassis was able to purchase six ships for less than half of their normal price.
Wealth Grows during World War II
When World War II broke out, Onassis registered his fleet of cargo ships in Panama, which gave him tax-free status and reduced his overhead costs, making him one of the world’s lowest-cost shipping merchants. Despite a ban on non-citizens purchasing military surplus equipment, he struck a deal with the US government in which he offered reduced prices on shipping military equipment in exchange for the US granting him very favorable prices on war-surplus cargo ships. As a result, he was able to build one of the world’s largest privately owned fleets. During the war, Onassis never lost a ship, according to records. Reasons for this range from being extremely fortunate to striking deals with both sides, though no credible evidence exists to support this.
Onassis began dating a string of famous women, including Greta Garbo, early in his business career. In 1946, he met Athina Livanos, the daughter of the world’s richest shipping magnate, a woman nearly half his age. They got married and had two kids.
However, both of them soon began to have affairs. In 1957, Onassis met Maria Callas, one of the world’s most famous opera singers. Onassis began to flaunt his relationship with Callas because he was so proud of it. Embarrassment destroyed Athina’s marriage, and she divorced him in 1960.
Onassis befriended Jacqueline, America’s queen, several months before John F. Kennedy was assassinated. Jacqueline clung to Onassis for friendship in the aftermath of JFK’s death. They eventually fall in love. Onassis’ private island, the two married in 1968. In general, the American people reacted negatively to the news. “Jackie, How Could You?” pleaded one newspaper’s headline.
As a child, Onassis’ son, Alexander, was a notorious brat, but as an adult, Onassis insisted that his son work for him. Alexander was killed in a plane crash in 1973. With his son and heir gone, Onassis was devastated.
Onassis died two years later, on March 15, 1975. Maria Callas, his true love, was said to have never recovered from his death. She passed away two and a half years later.
Favorite Aristotle Onassis Quotes
It is during our darkest moments that we must focus to see the light.
We must free ourselves of the hope that the sea will ever rest. We must learn to sail in high winds.
If women didn’t exist, all the money in the world would have no meaning.
I have no friends and no enemies – only competitors.
The secret of business is to know something that nobody else knows.
Don’t sleep too much. If you sleep three hours less each night for a year, you will have an extra month and a half to succeed in.
To succeed in business it is necessary to make others see things as you see them.
After a certain point, money is meaningless. It ceases to be the goal. The game is what counts.
Never ask for small loans.
Since I am known as a ‘rich’ person, I feel I have to tip at least $5 each time I check my coat. On top of that, I would have to wear a very expensive coat, and it would have to be insured. Added up, without a topcoat I save over $20,000 a year.
View our larger collection of the best Aristotle Onassis quotes.
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