The Haseotes Family tops thelist of the wealthiest Greek-American family and in 2016 they made a major company change, selling off its subsidiary Gulf Oil. He has been involved in more than 100 startups and more than 50 initial public offerings, and has served as a director in 40+ public companies. Pappajohn emigrated from Euboea, Greece to the United States when he was just nine months old. In early 2017, JDA Software named Capellas Chairman after Bal Dail stepped down from that position. The John and Mary Pappajohn Sculpture Park features artwork by more than two dozen of the world's most celebrated artists. Born in Greece, Bidzos he came to the United States as a boy. A major diversified, multinational company, Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Encouraged by his father, a first-generation Greek immigrant who complained how little the university life paid, Yancopoulos in 1988 jumped ship to a small Tarrytown, NY Biotech firm called Regeneron and helped its worth rocket 2,240 percent in the past five years. Peterson retired from the company in late 2008, selling most of his shares and receiving $1.85 billion in cash upon exiting, before taxes and meeting several trust and charitable obligations. John G. Pappajohn is Non-Executive Chairman of the Board of Cancer Genetics, Inc. Baxter eventually acquired Kay Laboratories, earning Pappajohn his first million. He remained very high on the list, as a result of his $2.5 billion estimated worth, slightly up from last years $2.4. Today, his privately held Arnel & Affiliates owns and manages 5,500 apartments and 2 million square feet of commercial space. These cookies will be stored in your browser only with your consent. The most active insiders traders include John Pappajohn, Tommy G Thompson, and John A Roberts. In 2008, Marcus co-founded the National Hellenic Society. His wife, Margo, and he have established chairs and scholarships at various universities and medical centers. The family moved to Genesee, MI when he was a teenager. Bidzos served as its first CEO from 1995 to 2001. Behrakis gave a $1.8 million grant in 2010 to a Harvard University School of Public Health study on smoking in Greece. John Pappajohn owns about 4,781,204 units of Cancer Genetics, Inc common stock. Quantum provided hemophiliacs with medication and taught them to inject themselves intravenously at home. On Thursday night, in celebration of the 25th anniversary of those donations, business and political leaders around the state honored Pappajohn and his wife, Mary, at a dinner in downtown Des Moines. He continued to hold both positions until 1984, when he was elected executive vice president. One reason Pappajohn isn't better known is that he maintains a modest scale of living. The son of Greek immigrants, Behrakis was born and raised in Lowell, MA. "He literally saved the company," says Carpenter. But Argyros, made his fortune in grocery stores and real estate. Johns portfolio of companies has averaged a 40% annual return on investments over the last 40 years. In July, he joined C. Dean Metropulos, also featured in this edition, to take the food snack giant Hostess public. vestment in Caremark. International clients are in the fields of oil and gas, fossil and nuclear power, public infrastructure, chemicals, aerospace and defense, transportation, primary metals and metalworking, pharmaceuticals and food processing. In December, 2016, then-President-elect Trump announced that Liveris would head the American Manufacturing Council in his Administration, part of his economic message to buy American and hire American. The Council is the principal private sector advisory committee to the Secretary of Commerce on the manufacturing in the United States. In 2007, they donated $30 million in sculptures to the Des Moines Art Center to create a new public art space. Mr. Tsakopoulos and his family have also been dedicated supporters of civic and community causes. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A former computer programmer, he is credited with foreseeing the need for online security in the early 1990s. More. Born in Laconia, Greece, Sakellaris founded Ameresco in 2000 and took it public 10 years later. His last years with Verisign were taken up with investigations into the companys stock option program, but it is not believed that Sclavos personally benefited from the option grants in question, though it did occur under his watch. She served as President of the Junior League of Des Moines, President of Goodwill of Central Iowa, and President of the Des Moines chapter of the Daughters of Penelope. Forbes reported in November that Dimon told Donald Trumps presidential transition team that he did not want to be considered for Secretary of the Treasury, though it is unclear if that was because if he accepted the position he would have to divest his JPMorgan Chase holdings. After a highly publicized series of challenging confirmation hearings before the Senate last year, however, Tsunis withdrew his nomination in December 2014. In 1956, the company opened a jug-milk store in Bellingham, MA. Clean. On average, John trades about 76,253 units every 38 days since 2013. %PDF-1.6 % Why Did Billionaire Investor John Pappajohn Invest $12 Million In Cancer Genetics? May 07, 2013 12:31 PM ET VYNT 2 Comments. Before assuming broader responsibilities of business leadership, Vagelos had won scientific recognition as an authority on lipids and enzymes, and as a research leader. John Pappajohn's largest purchase order was 100,000 units, worth over $149.81K on May 28, 2010. Or call us at 515-296-6532. From there it's a classic immigrant-boy-makes-good story. Angelos was born in Pittsburgh, PA on July 4, 1929, to immigrants from the island of Karpathos. In 1969, Mr. Pappajohn organized Equity Dynamics, Inc., a financial consulting entity and Pappajohn Capital Resources, a venture capital firm in Des Moines, Iowa. This field is for validation purposes and should be left unchanged. . He remains ever-grateful and humble for their sacrifices and commitment. Green. Dr. Pindaros Roy Vagelos earned a medical degree over half a century ago. "If you have partners, it's very restrictive," says he. The company is developing software that would help pharmaceutical companies manage their drug research data. The Pappajohn Biomedical Institute (PBI) is a scientific community seeking to understand the fundamentals of biology and disease and to extend our discoveries into real-life applications that improve human health. The largest trade he's ever made was buying 1,000,000 units of Cancer Genetics stock on 31 January 2019 worth over $230,000. He took his company public in 2004 under the NASDAQ ticker CLMS. Bidzos is an Internet and security industry pioneer, whose accomplishments include building RSA Security, an Internet identity and access management solution provider, into the early standard-bearer for authentication and encryption, and launching Verisign as a spin-off in 1995 to develop the digital certificate infrastructure for Internet commerce. His four sons followed his lead with endeavors including opening Pappas Bar-B-Q. Since 2008, the John and Mary Pappajohn Education Center in Des Moines has helped central Iowa students pursue UI degrees and certificates closer to home. He then made a fortune in Caremark (of "CVS/Caremark" fame), approximately $25 million in Quantum Health Resources, and by 1997 had a net worth exceeding $200 million. Arete, where he is Managing Partner, functions as an operating partner of the New York based equity firm Catalyst Investors. Dr. Yancopoulos earned MD and PhD degrees from Columbia University, and was the eleventhmost cited scientist in the world in the 1990s. Brothers Christopher J. and Harris Pappas 69 and 72 years of age, respectively, and still very much involved in their thriving family business opened the first Pappas Restaurant in 1976. A second-generation American of Greek descent, he was born in Detroit, MI and raised in Pasadena, CA. Back to Tippie; People Directory . In 2016, this billionaire who finishes near the top of thelist with a net worth estimated at $3.1 billion, has pledged to give more than half of it away. The UI's John Pappajohn Entrepreneurial Center was established in 1996 and has fostered thousands of new entrepreneurs. Because if you can dream it, we can help you do it. Mr. Tsakopoulos founded AKT Development Corporation in Sacramento, CA, which became a leading real estate developer in the area under his leadership and has built tens of thousands of homes and more than 30 million square feet of office space. Says he, "I like to be the key director that they turn to when they need help.". Both Pappajohn and his wife, Mary, are avid philanthropists, having partnered in numerous endeavors, providing millions for scholarships, business opportunities and community enhancements. endstream endobj 325 0 obj <. One of his latest is NetGenics, a bioinformatics startup. He then used his profits to invest in real estate, and by 1960, he had an incorporated business. 2023 John Pappajohn. "You feel comfortable being in his companies," says Helen Degener, a money manager at Fiduciary Trust. After graduating from high school in Greece, Sakellaris arrived in Bangor, ME, as a college exchange student in 1965 to go to college. Settling into a humble Harlem tenement as an infant with his parents from the tiny Greek island of Nisyros, Catsimatidis, 67, through decades of hard work and innovation, is a self-made billionaire. In 2010, he published The Business of Happiness: 6 Secrets to Extraordinary Success in Life and Work. John is a resident of 24 Foster Drv, Des Moines, IA 50312-2563. With some other venture capitalists, "your ability to make money is based on how fast God will let you get out.". In 2010 the companys authentication services were purchased by Symantec for $1.28 billion. Specials. The daughter of daytime soap opera star John Aniston (Days of Our Lives), she eclipsed her fathers television fame and success with her own role as Rachel Green on the eternally popular situation comedy, Friends (1994-2004). This habit of sticking by his companies has won Pappajohn a devoted following among institutional investors, making it easy for him to raise money for new ventures. These are some of the names: The John and Mary Pappajohn Charitable Foundation and Evia LTD. A Pappajohn, Ann M Pappajohn, and three other persons spent some time in this place. James S. Jim Davis, the Chairman of New Balance (NB), tops thelist again this year. He ran for mayor as an independent in 1964, but lost. George Sakellarisis Chairman of the Board, President, and CEO of Ameresco, which is one of the largest energy solutions companies in North America. Liveris met with former Greek Prime Minister Antonis Samaras June, 2014, announcing an agreement between Dow and IBM wherein Dow plans to use IBMs service center in Athens as a base from which to offer data and business analytics support to its multinational clients. He has been a member of several boards of the Kennedy Center on a continuous basis for more than 24 years. Drummers John Bonham of Led Zeppelin and Alex Van Halen of Van Halen are two of his biggest influences. Hostess has made a remarkable turnaround and Metropoulos made news this past July by announcing the intention to take the company public. He formed Monumental Sports in June 2010 by merging his Lincoln Holdings LLC and Washington Sports & Entertainment Limited Partnership. and expanded it via the printing and binding of TV Guide among other nationally known magazines. The people featured in thelist enjoy all of these gifts, in greater or fewer amounts. He still works seven days a week and has a stream of new ventures in the pipeline. Follow. To commemorate his contribution, the University of Iowa bestowed his name upon the building. Pappajohn took over the store, often working from 6a.m. The sixteenth annual statewide competition will be awarding $100,000 in cash prizes. On average, Cancer Genetics executives and independent directors trade stock every 35 days with the average trade being worth of $340,207. Pappajohn serves as director on the boards of three publicly traded companies: Cancer Genetics, Inc., American CareSource Inc., and CNS Response, Inc., a company which uses EEG-generated biomarkers for use in personalized medicine in psychiatry. From their youth, both cousins (Georges son Arthur S. Demoulas and Mikes son Arthur T. Demoulas) followed their fathers in the family business. His chief executives often develop an intense admiration for both his insight and his integrity. We encourage innovative, new ventures to participate. Mr. Pappajohn has also been a recipient of the Woodrow Wilson Award, Ellis Island . He developed his passion for the stock market as a teenager and began his investment career when his parents entrusted him with the familys $5,000 nest egg. He became best known, perhaps, for his talent in solubilizing previously insoluble chemicals and making them stable for medical use. The NIACC Pappajohn Entrepreneur Gala celebrates the entrepreneurs and partners who make our communities a great place to work and live. and have reached the pinnacle in their fields and profited immensely, often bringing profit to those around them as well. If the offering goes smoothly, Pappajohn's initial $125,000 stake will be worth $15 million, a 120-fold return in 18 months. In 2016, this billionaire who finishes near the top of the list with a net worth estimated at $3.1 billion, has pledged to give more than half of it away. In December 2015, Behrakis was given an honorary doctorate from the Medical Faculty of the National and Kapodistrian University of Athens for his contributions to science, pharmaceuticals, and medicine, and for his extensive humanitarian endeavors. Dr. Stavropoulos was a director at Tyco International Limited from 2007 to 2012. He is also a trustee at the Hirshhorn Museum Washington D.C. 2023 John Pappajohn. Peter G. Peterson has gone down in rankings on this list over the years, much to his credit because he has given away a good amount of his money to philanthropic causes though he climbed back up a bit, to $2 billion, in 2016. MASON CITY-Aristotle George Pappajohn passed away peacefully in his home on December 24th at the age of 90. Typical of many immigrants, his parents worked hard and encouraged their children to pursue their dreams. Throughout his career as a venture capitalist, he has been an early investor in more than 100 companies, most of which are dedicated to healthcare and biotechnology industries. Taking up four of Western Gateway Park's twenty-seven acres, the public sculpture installation was the work of venture capitalists John and Mary Pappajohn who donated over $40 million worth. John has made over 33 trades of the Cancer Genetics stock since 2014, according to the Form 4 filled with the SEC. The work with the Pappajohn Center and North Iowa SBDC paid-off. hbbd``b`63S ` =@2k&L9H0J5P24Hdu;e@0uHd5#e6FO0 %u The family didn't have a telephone and shared a car. Nicholas G. Karabots is the owner of Kappa Publishing Group, Inc. the nations largest publisher of puzzle magazines and books, as well as companies related to real estate and winemaking.