Demetri Michalakis (born July 21, 1970) ) in Cyprus, Limassol he is a billionaire philanthropist Cypriot businessman. Since 1992, he has been the Chairman and Chief Executive Officer (CEO) of Inter-M Traders Group of Companies, a Global and one of the most innovative Private Equity Family Offices.
Michalakis net worth is estimated at USD1.8 billion. He is one of only a few Cypriot businessmen to have attained this level of personal wealth, his success stemming from a wide range of international investments and partnerships.
Michalakis was born in Limassol, Cyprus, and is one of three children to Anastasia and Aristotle Michalakis.
From 1987-1989, Michalakis served as a Lieutenant in the Cypriot and Greek Armies. He then migrated to the United States of America for studies, where he attended the New Jersey Institute of Technology (NJIT). It was while studying at NJIT that Michalakis started his first businesses, which provided him with the grounding to launch his Private Equity Firm (Family Office).
A Billionaire Cypriot
Demetri Michalakis
Chairman and CEO of Inter-M Traders Group
Born | July 21, 1970 |
---|---|
Net worth | USD1.8 billion |
Nationality | Cypriot |
Occupation | Wall Street Financier, Activist, Influencer, Investment Banker |
Known for | Founder, President, and CEO of Inter M Group of Companies. |
Website | www.intermtraders.com |
Michalakis founded Inter-M Traders as a Private Equity Investment Fund (Family Office) and funded numerous oil exploration projects in the United States of America, Gulf of Mexico, Europe, Middle East, and Africa. Aside from Michalakis capital raising and investment delivery undertakings, the projects required the creation of complex financial structures involving other hedge funds and banks located in the United States of America, Europe, Asia, and Middle East.
Michalakis also held the title of Chairman at the China International Investors Association (CIIA).
Michalakis over the years invested in start-up companies and innovative technologies. This became possible by various holding company structures, with experienced operators seeking to partner with the Company for traditional buyouts, recapitalizations, growth and acquisition capital financing. To date, Michalakis has completed over 200 acquisitions and investments.
One of Michalakis core business ventures has been in the development of crude oil and refinery equipment. He started work in this sector during the early 1990s in the Mediterranean and the Black Sea regions. The business and technological advancements that Michalakis helped develop during this time, have now spread across the globe.
In addition to Michalakis involvement in venture capital, commodities trading, and oil exploration, he is now focused on investments in wireless and satellite communications. Further to this, he has also expanded his holdings into the United States of America and European shipping sector, where he has partnered with established shipping families and operating companies to acquire and charter assets including trading and ship management.
Michalakis has recently also entered the field of biotechnology where he has acquired several technology companies. Of particular interest, is the work being done at Cell Science Holding Ltd, securing several global patents and intellectual properties, and the development of Cannabis Sativa plant cells. Bakhu Holdings Corp is a public listed biotechnology solutions company. Also in the Group are Blackhawk Science Inc, Oz Corp, Mentone Ltd, and various other companies.
In 2019, Michalakis married Elena Tsiklou whom he met in Athens, Greece.
Michalakis has three children, Aristotle, RosaMaria, and Anastasia. Aristotle attended Penn State University Business School where he gained a BSC in Risk Management and a Minor in International Business. RosaMaria attended Hofstra University where she gained a BA in Biology and a Minor in Disability Studies.
Michalakis is grateful for his fortune and feels fulfilled when he can make a positive impact on people’s lives by ‘giving back’. He donates generously to charities, organisations and to individuals.
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