Jacqueline kennedy onassis death

Greek and Argentine business magnate (–)

Aristotle Socrates Onassis (, ;^[1]Greek: Αριστοτέλης Ωνάσης, romanized:&#;Aristotélis Onásis, pronounced[aristoˈtelisoˈnasis]; 20 January – 15 March )^[2] was a Greek and Argentine^[3][4]business magnate.

He amassed the world's largest privately-owned shipping fleet and was one of the world's richest and most famous men.^[5] He was married to Athina Mary Livanos, had a long-standing affair with opera singer Maria Callas and was married to American former First Lady Jacqueline Kennedy.^[6]

Onassis was born in Smyrna in the Ottoman Empire to Greek parents and fled the city with his family to Greece in in the wake of the burning of Smyrna.

He moved to Argentina in 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 mids, he sought to secure an oil shipping arrangement with Saudi Arabia and engaged in whaling expeditions.

In the s, 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 He was greatly affected by the death of his son, Alexander, in and died two years later.

Early life

Ottoman Empire

Aristotle Socrates Onassis was born in in Karataş, a suburb of the Ottoman port city of Smyrna (now İzmir, Turkey) in Anatolia to Greek parents Socrates Onassis and Penelope Dologlou.

Aristotle had one sister, Artemis, and two half-sisters, Kalliroi and Merope, by his father's second marriage following Penelope's death (). 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.^[7][8]

Smyrna was occupied by Greece (–) in the aftermath of the Allied victory in World War I, but then Smyrna was re-taken by Turkey during the Greco-Turkish War (–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 ^[9] 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 Akhisar where Christians were seeking shelter from the Great Fire of Smyrna.^[10] The Asia Minor catastrophe in was devastating for the Onassis family.

His father was imprisoned and his business was transferred to Turkish ownership. The rest of the family fled to Greece where they had to stay in an outdoor refugee camp.^{[citation needed]}

Argentina

In , Onassis returned to Istanbul with $ in his pocket.

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In August of that year, he 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,^[5] 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.^[11] He reportedly told Maria Callas that he made his fortune in Buenos Aires by forming a shipping company used for trafficking heroin.^[12] He obtained Argentine citizenship in ^[3][4] 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.^[11] 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.

Business

Shipping

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 looser 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 stock 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.^[13] For example, after his Liberian-registered tanker SS&#;Arrow ran aground and spilled oil into Chedabucto Bay, Nova Scotia in , still the most significant oil spill off Canada's East Coast ^[14] (about 25% of the amount spilled by the Exxon Valdez in Alaska in ), there was a Commission of Inquiry.

Led by 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:^[15] "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."

Monaco

Onassis arrived in the Mediterranean principality of Monaco in 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 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.^[19] 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.^[20] 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 Rainier approved a plan to create , new shares in SBM to be permanently held by the state,^[21] 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 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."

Saudi Arabia

During the oil boom of the s Onassis was in final discussions with the King of Saudi Arabia for securing a tanker transport deal.^[24] 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 , 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. ] The arrangement would have ended monopoly control of Saudi Arabia's oil by American oil companies, but was forestalled by the US government.^[25]

For this reason he became a target of the US government and in , 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.^[26]

Whaling

Between and , Onassis had success whaling off the west coast of South America.

His first expedition made a net profit of US$ 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.^[27]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 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 the government of Peru claimed the Onassis fleet were whaling within kilometres (&#;mi) 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.^[28]

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 $ million.^[29] Norwegian authorities suspected the involvement of Hjalmar Schacht in Onassis's whaling enterprises.

Schacht had previously been connected with Onassis's Saudi Arabian deals.

Olympic Airways

In , 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 , 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 issues, he simply decided to add a sixth ring.

Operation effectively started in , with one DC-4, two DC-6s and 13 DC-3s. The following year saw , passengers transported. The agreement lasted until 10 December , 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.

John f kennedy jr

Jacqueline Lee Kennedy Onassis [a] (née Bouvier / ˈ b uː v i eɪ /; July 28, – May 19, ) was an American writer, book editor, and socialite who served as the first lady of the United States from to , as the wife of president John F. Kennedy.

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.

Arabella kennedy

Janet lee bouvier

Jack kennedy

For example, in , 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 , the last year of Onassis's involvement with the company, Olympic Airways transported million passengers and had a work force of 7, 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.^[31]

Investments

Onassis was involved in the privatization of the Greek national airline and founded the privatized Olympic Airways (today Olympic Air) in Stocks accounted for one-third of his capital, held in oil companies in the United States, the Middle East, and Venezuela.

He also owned additional shares that secured his control of 95 multinational businesses in five continents. He owned gold-processing plants in Argentina and Uruguay and a large share in an airline in Latin America and $4 million worth of investments in Brazil. Also, he owned companies like Olympic Maritime and Olympic Tourist; a chemical company in Persia; apartments in Paris, London, Monte Carlo, Athens, and Acapulco; a castle in South France; the Olympic Tower (a storey high-rise in Manhattan); another building in Sutton Place; Olympic Airways and Air Navigation; the island of Skorpios; the &#;ft (&#;m) luxury yacht Christina O and, finally, deposit accounts and accounts in treasuries in banks in the whole world.^[32]

Project Omega

In October , amidst the Greek military junta and shortly after his marriage to Jacqueline Kennedy, Onassis announced the launch of Project Omega, a $ million investment program that aimed to build considerable industrial infrastructure in Greece including an oil refinery and aluminum smelter.

Onassis had cultivated Greek junta dictator Georgios Papadopoulos, for his assistance with the scheme, loaning Papadopoulos the use of his villa and buying dresses for his wife. The project was financially supported by the American bank First National City, and Onassis's American financial supporters eventually tired of the unfavourable terms demanded by him.

The project was heavily criticized by people such as Helen Vlachos, a journalist from Athens. Another Greek Colonel, Nikolaos Makarezos, preferred a deal offered by Onassis's rival, Stavros Niarchos, and the project was eventually split between them.

Jacqueline kennedy onassis biography Jacqueline Kennedy Onassis (born July 28, , Southampton, New York, U.S.—died May 19, , New York City) was an American first lady (–63), who was the.

The failure was due partly to opposition from influential people within the military junta, such as Ioannis-Orlandos Rodinos, Deputy Minister of Economic Coordination, who opposed Onassis's offers in preference to Niarchos.

Relationships and family

Athina Livanos

Onassis married Athina Mary "Tina" Livanos, daughter of shipping magnate Stavros G.

Livanos and Arietta Zafiraki, on 28 December Livanos was 17 at the time of their marriage; Onassis was Onassis and Livanos had two children, both born in New York City: a son, Alexander (–), and a daughter, Christina (–). Onassis named his legendary super-yacht after his daughter. To Onassis, his marriage to Athina was more than the fulfillment of his ambitions.

He also felt that the marriage dealt a blow to his father-in-law and the old-money Greek traditionalists who held Onassis in very low esteem. The couple had been living separately, by the mids, with the beginning of the end of the marriage, according to Onassis' biographer, Peter Evens, coming after Livanos found Onassis in bed with a friend of hers at their home in Cap d'Antibes, the Château de la Croë.

The house was, then, acquired by Onassis's brother-in-law and business rival Stavros Niarchos, who bought it for his wife, Eugenia Livanos, Athina's sister. Onassis and Livanos divorced in June , during Onassis's well publicised affair with Maria Callas.

Maria Callas

Onassis and legendary opera sopranoMaria Callas carried on an affair, despite the fact that they were both married.

They met in , during a party in Venice promoted by Elsa Maxwell. After this first encounter, Onassis commented to Spyros Skouras: "There [was] just a natural curiosity. After all, we were the most famous Greeks alive, in the world." Callas and Onassis both divorced their spouses but did not marry each other, although their relationship continued for many years.^[11]

Jacqueline Kennedy

Onassis was a friend of Jacqueline Kennedy, widow of U.S.

President John F. Kennedy. They married on 20 October on Onassis's private Greek island, Skorpios.

Before the marriage, an agreement was reached between Onassis and Ted Kennedy, Jacqueline's former brother-in-law. Jacqueline would receive US $3 million, plus US $1 million for each of her two children, to compensate for the US $, that she then received from the Kennedy family trust, which she would lose by re-marrying.

Upon Onassis's death, she would also continue to receive US $,, each year, for the rest of her life.^[39]

After Onassis's death, Christina settled with Jacqueline for $25 million, in exchange for her not contesting Onassis's will.^[40]

During their marriage, the Onassises inhabited six residences: her room apartment at Fifth Avenue in New York City, her horse farm in New Jersey, his apartment in Paris (88 Avenue Foch), his house in Athens, his house on Skorpios and his yacht Christina O.

Death and legacy

Onassis died at age 69 on 15 March at the American Hospital of Paris in Neuilly-sur-Seine, France, of respiratory failure, a complication of the myasthenia gravis from which he had suffered the last years of his life.^[10] Onassis was buried on his island of Skorpios in Greece, alongside his son, Alexander, and his sister, Artemis.^[41] Onassis's will established a charitable foundation in memory of his son, the Alexander S.

Onassis Public Benefit Foundation, which received 45% of Onassis's estate. The remainder of his estate was left to his daughter, Christina. Christina's share has since passed to her only child, Athina, at the time making Athina one of the wealthiest women in the world.^[42]

Jacqueline Onassis also received her share of the estate, settling for a reported $10 million ($26 million according to other sources), which was negotiated by her brother-in-law Ted Kennedy.

This amount would reportedly grow to several hundred million, under the financial stewardship of her companion, Maurice Tempelsman.^[43]

The Boeing , which transported Onassis's remains, was later purchased for US $, by an American electrical engineer and turned into an unconventional private residence in Hillsboro, Oregon.^[44]

See also

Notes

References

Further reading

External links