Greek shipping magnate John Angelicoussis passed away on Saturday after suffering a heart attack last month, his family has confirmed.
“It is with great sadness and regret that Maria Angelicoussis, daughter of John Angelicoussis, President of the Angelicoussis Group of Companies, reports the death of her father earlier today April 10th, who died peacefully in his sleep, surrounded by close family. He will be deeply missed,” according to a media statement distributed on behalf of the family.
John Angelicoussis, 72, suffered a cardiac arrest on March 20th and never recovered.
“The family wish to thank all those at the hospital who provided support and care throughout,” the statement said.
John Angelicoussis was a shipping legend and the largest shipowner in Greece in terms of tonnage, amassing a fortune estimated to be in the billions. He was president of Angelicoussis Shipping Group, a leading Greek ship-owning company started by his father in 1947. The company owns a fleet of 139 ships spanning dry bulk vessels, oil tankers and LNG ships through subsidiaries using the “Maran” name. It also has another 15 newsuilds on order.
John Angelicoussis’ daughter, Maria, succeeds him as Chief Executive Officer of the Angelicoussis Group of Companies.
Due to COVID restrictions, a small funeral will be attended by only a limited number of close family members.
“The family asks for no flowers or wreathes and instead for donations to be made to Kratiko Nikea Hospital, an institution supported by John and close to his heart,” an update from the family said.
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