George Economou Buys More Shares of Danaos

Economou_George

In a recent filing with the US Securities and Exchange Commission, George Economou reported increasing his position in Danaos Corporation (NYSE:DAC).

The filing showed that Economou owns around 16.22 million shares of Danaos, which represent 14.78% of the company’s outstanding stock. The filing also showed that Economou’s Sphinx Investment Corp has acquired recently 4.75 million shares of Danaos Corporation, while the other 11.47 million shares were acquired back in 2010.

George Economou has a net worth of around $1.50 billion as of 2015 and serves as CEO, Chairman and President of Ocean Rig UDW Inc (NASDAQ:ORIG) and DryShips Inc. (NASDAQ:DRYS).

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