Ocean Rig UDW Inc. (ORIG)

[seasonedwell]

Net Worth: $1.7 bil

Country Of Citizenship: Greece

Residence: Athens , Greece, Europe & Russia

Industry: Shipping/Trucking/Transport

Marital Status: divorced, 5 children

Education: Massachusetts Institute of Technology, Bachelor of Arts / Science
Massachusetts Institute of Technology, Master of Science
A self-made Greek shipping magnate, Economou has experience navigating in turbulent waters. Led the Greek dry bulk shipping companies to Wall Street when he listed his DryShips on Nasdaq in 2005. Also owns oil tankers and more dry bulk ships and manages both the private and public ships through his Cardiff Marine. First Wall Street venture ended badly when Alpha Shipping defaulted on $175 million of junk bonds in 1999; Economou got to keep most of Alpha's fleet by paying 37 cents on the dollar. Recently ventured into deep-sea oil drilling but enraged investors when he got DryShips to bankroll his plans.