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Aristotle Socrates Onassis (/oʊˈnæsɪs/, US also /-ˈnɑː-/; Greek: Αριστοτέλης Ωνάσης, romanized: Aristotélis Onásis, pronounced [aristoˈtelis oˈnasis]; 20 January 1906 – 15 March 1975), was a Greek shipping magnate who amassed the world's largest privately-owned shipping fleet and was one of the world's richest and most famous men. He was married to Athina Mary Livanos (daughter of shipping tycoon Stavros G. Livanos), had a long-standing affair with opera singer Maria Callas and was married to Jacqueline Kennedy, the widow of US President John F. Kennedy.


Onassis was born in Smyrna (modern-day İzmir in Turkey) and fled the city with his family to Greece in 1922 in the wake of the catastrophe of Smyrna. He moved to Argentina in 1923 and established himself as a tobacco trader and later a shipping owner during the Second World War. Moving to Monaco, Onassis fought Prince Rainier III for economic control of the country through his ownership of SBM and its Monte Carlo Casino. In the mid-1950s, he sought to secure an oil shipping arrangement with Saudi Arabia and engaged in whaling expeditions. In the 1960s, Onassis attempted to establish a large investment contract—Project Omega—with the Greek military junta, and he sold Olympic Airways, which he had founded in 1957. Onassis was greatly affected by the death of his 24-year-old son, Alexander, in a plane crash in 1973, and he died two years later.



Aristotle Socrates Onassis was born in 1906 in Karataş, a suburb of the port city of Smyrna (now İzmir, Turkey) in Anatolia to Socrates Onassis and Penelope Dologou. Aristotle had one sister, Artemis, and two half-sisters, Kalliroi and Merope, by his father's second marriage following Penelope's death (1912). Socrates Onassis became a successful shipping entrepreneur and sent his children to prestigious schools. When Aristotle graduated from the local Evangelical Greek School at the age of 16, he spoke four languages: Greek (his native language), Turkish, Spanish, and English.


Smyrna was briefly administered by Greece (1919–1922) in the aftermath of the Allied victory in World War I, but then Smyrna was re-taken by Turkey during the Greco-Turkish War (1919–22). The Onassis family's substantial property holdings were lost, causing them to become refugees fleeing to Greece after the Great fire of Smyrna in 1922. During this period, Onassis lost three uncles, an aunt, and her husband Chrysostomos Konialidis and their daughter, who were burned to death in a church in Thyatira where 500 Christians were seeking shelter from the Great Fire of Smyrna.


At age 17 in 1923, Onassis arrived in Buenos Aires, Argentina, by Nansen passport, and got his first job as a telephone operator with the British United River Plate Telephone Company, while following studies in commerce and port-duty administration at Aduanas Argentinas. He later became an entrepreneur, creating an Argentine import-export company, going into business for himself and making a fortune importing English-Turkish tobacco to Argentina. He obtained Argentine citizenship in 1929. Eventually he established his first shipping trading company in Buenos Aires, Astilleros Onassis. After gaining his first fortune in Argentina, he expanded his shipping business worldwide and relocated to New York City, United States, where he built up his shipping businesses empire while keeping offices in Buenos Aires and Athens. His legacy in Buenos Aires was the creation of a shipping empire and a Hellenic Culture Fund providing youth scholarships and an academic international exchange program between Argentina, Greece, Monaco and the United States; the programs are funded and administered by the Onassis Foundation and were eventually under the managing direction of his daughter Christina Onassis.



Onassis built up a fleet of freighters and tankers that eventually exceeded seventy vessels. Most of the fleet operated under flags of convenience where laws and regulations are more lax than those of the owners’ country. More austere regulations in countries such as the United States, which afforded higher wages and safety standards, allowed access to domestic routes with higher freight rates but at far greater running expense. As was then common practice in international shipping, Onassis's fleet had mostly Panamanian and Liberian flags and sailed tax-free while operating at low cost. This and his astute business sense helped Onassis earn handsome profits in the highly competitive shipping market. Onassis made large profits when the Big Oil companies like Mobil, Socony, and Texaco signed long-term contracts known as time charters at fixed prices before the spot market fell.


The high profitability of the Onassis fleet has been attributed in large part to his disregard for standards that normally govern international shipping. For example, after his Liberian registered tanker SS Arrow ran aground and spilled oil into Chedabucto Bay, Nova Scotia in 1970, still the most significant oil spill off Canada’s East Coast (about 25% of the amount spilled by the Exxon Valdez in Alaska in 1989), there was a Commission of Inquiry. Led by Dr Patrick McTaggart-Cowan, executive director of the Science Council of Canada, the Commission found that the Arrow had been operating with almost none of its navigation equipment serviceable: "radar had ceased to function an hour before the ship struck; the echo sounder had not been in working condition for two months; and the gyrocompass... had a permanent error of three degrees west. The officer on watch at the time of the accident, the ship's third officer, "had no license" and none of the crew had any navigational skill except the master, "and there are even doubts about his ability."


Onassis arrived in the Mediterranean principality of Monaco in 1953 and began to purchase the shares of Monaco's Société des bains de mer de Monaco (SBM) via the use of front companies in the tax haven of Panama, and took control of the organisation in the summer of that year. Onassis moved his headquarters into the Old Sporting Club on Monaco's Avenue d'Ostende shortly after taking control of the SBM. The SBM was a significant owner of property in Monaco, its assets included the Monte Carlo Casino, the Monaco Yacht Club, the Hôtel de Paris and a third of the country's acreage. Onassis's takeover of the SBM was initially welcomed by Monaco's ruler, Prince Rainier III as the country required investment, but Onassis and Rainier's relationship had deteriorated by 1962 in the wake of the boycott of Monaco by the French President, Charles de Gaulle.



Onassis and Rainier had differing visions for Monaco. Onassis wished the country to remain a resort for an exclusive clientele, but Rainier wished to build hotels and attract a greater number of tourists. Monaco had become less attractive as a tax haven in the wake of France's actions, and Rainier urged Onassis to invest in the construction of hotels. Onassis was reluctant to invest in hotels without a guarantee from Rainier that no other competing hotel development would be permitted, but promised to build two hotels and an apartment block. Unwilling to give Onassis his guarantee, Rainier used his veto to cancel the entire hotel project, and publicly attacked SBM for their 'bad faith' on television, implicitly criticising Onassis. Rainier and Onassis remained at odds over the direction of the company for several years and in June 1966 Rainier approved a plan to create 600,000 new shares in SBM to be permanently held by the state, which reduced Onassis's stake from 52% to under a third. In the Supreme Court of Monaco the share creation was challenged by Onassis who claimed that it was unconstitutional, but the court found against him in March 1967. Following the ruling Onassis sold his holdings in SBM to the state of Monaco and left the country. According to Frank Brady in Onassis: An Extravagant Life, Onassis's words about the issue were: "We were gypped."


During the oil boom of the 1950s Onassis was in final discussions with the King of Saudi Arabia for securing a tanker transport deal. Since the Arabian-American Oil Co. (currently, Saudi Arabian Oil Company, but still known as Aramco) had a monopoly on Saudi oil by a concession agreement, the US government was alarmed by the tanker deal. By 1954, a specific U.S. policy for Saudi Arabia, in addition to strengthening the US "special position," was to take "all appropriate measures to bring about the cancellation" of an agreement between the Saudi government and Onassis to transport Saudi oil on his tankers and "in any case, to make the agreement ineffective". [Doc. 128] The arrangement would have ended monopoly control of Saudi Arabia's oil by American oil companies, but was forestalled by the US government.


For this reason he became a target of the US government and in 1954, the FBI investigated Onassis for fraud against the U.S. government. He was charged with violating the citizenship provision of the shipping laws which require that all ships displaying the U.S. flag be owned by U.S. citizens. Onassis entered a guilty plea and paid $7 million.



Between 1950 and 1956, Onassis had success whaling off the west coast of South America. His first expedition made a net profit of US$4.5 million. International agreements limited the number, size and dates between which whales could be taken. The Onassis factory ship and its attendant catcher ships paid little attention to these restrictions. The Norwegian Whaling Gazette made accusations based on sailors' testimonials, such as one given by Bruno Schalaghecke who worked on the factory ship Olympic Challenger: "Pieces of fresh meat from the 124 whales we killed yesterday still remains on the deck. Among them all, just one could be considered adult. All animals that pass within the range of the harpoon are killed in cold blood."


In 1954 the government of Peru claimed the Onassis fleet were whaling within 200 miles of the coast of Peru without permission and sent naval vessels to intercept them. Peruvian air force planes were also sent and dropped bombs that exploded near the factory ship. Most vessels in the fleet were captured by the Peruvian vessels and taken to Payta where they were interned.


The venture came to an end after the business was sold to Kyokuyo Hogei Kaisha Whaling Company, one of the biggest Japanese whaling companies, for $8.5 million. Norwegian authorities suspected the involvement of Hjalmar Schacht in Onassis's whaling enterprises. Schacht had previously been connected with Onassis's Saudi Arabian deals.



In 1956, Greek airlines in general faced economic difficulties, whereby companies like TAE were affected by strikes and cash shortage. The Greek government decided to give this and other companies to the private sector, and, on 30 July 1956, Onassis signed a contract granting him the operational rights to the Greek air transport industry. When Onassis heard during the negotiations that he would not be able to use the five Olympic rings in his logo due to copyright issues, he simply decided to add a sixth ring.


Operation effectively started in 1957, with one DC-4, two DC-6s and 13 DC-3s. The following year saw 244,000 passengers transported. The agreement lasted until 10 December 1974, when a number of factors (namely, a series of strikes, shortage of passengers, fuel price increase, and a law from the new Greek government forbidding Olympic Airways to fire employees) led Onassis to terminate his contract.


Following this event, Paul Ioannidis, a high-ranking director from Olympic Airways, said the following of Onassis: "Deep down, [he] did not want to relinquish Olympic Airways. He found it flattering to own an airline. It was something in which he took deep pride. It was his accomplishment. He was married to the sea, but Olympic was his mistress. We used to say that he would spend all the money he made at sea with his mistress in the sky."



Onassis's time at the head of Olympic Airways is known as a golden era, due to investments he made in training and the acquisition of cutting-edge technology. For example, in 1959, he signed a deal with De Havilland to buy four Comet 4B jets. Onassis was also renowned for his attention to service quality, which led him to buy gold-plated utensils and candles for the dining service of the first-class section.


During 1974, the last year of Onassis's involvement with the company, Olympic Airways transported 2.5 million passengers and had a work force of 7,356 persons. At the time, his ownership of Olympic Airways distinguished Onassis as one of only two men in the world to own a private airline, the other being Howard Hughes of TWA.






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