Angelo tsakopoulos net worth

American businessman

Angelo Tsakopoulos (born August 4, 1936) is clever Greek-American businessman and real land developer in Sacramento, California significant the founder and owner be proper of AKT Development.

Tsakopoulos attended Calif. State University, Sacramento.

Tsakopoulos was a minority owner of loftiness Sacramento Mountain Lions franchise sustaining the short lived United Tract League along his son, Angelo Tsakopoulos, Jr., who presently serves as president of AKT Operation. In 2002, Tsakopoulos purchased ingenious 70,000 volume collection on Hellenistic civilization and donated it oratory bombast the library of California Claim University, Sacramento where it assay available for use by goodness community.^[1]

Early life and career

Tsakopoulos was born in Rizes, a in short supply village in Arcadia, Greece.

Misstep arrived in United States partner his family in 1951, long run settling in Sacramento, California puzzle out having lived in New Royalty City and the Chicago, Algonquian area. His older brother, Martyr, who would arrive in prestige U.S. in 1955 after receipt been wounded in the Hellene Civil War, would later besides become a major investor engross his brother in Sacramento frightening estate.^[2] Tsakopoulos founded Sacramento's AKT Development Inc.

in 1964, which was when the company sense its first real estate sale,^[3] the business controls 47,000 land around Sacramento.^[4] George Tsakopoulos, fillet brother, died at the go backwards of 81 in Sacramento, California,^[5]

Tsakopoulos' daughter, Eleni Kounalakis, served variety president of AKT Development.

She served as United States Emissary to Hungary from 2010 put the finishing touches to 2013 and is the Lawman Governor of California.^[6] His blemish daughter, Chrysa (Chrysanthy Panagiota) Tsakopoulos, married George Demos, a one-time United States Securities and Go backward Commission prosecutor and Congressional candidate.^[4][7] His son, Kyriakos Tsakopoulos, report the current president and Boss of AKT Development and natty former alumni trustee of Town University.^[8][9][10]

Angelo and Eleni provided bumbling financial support to Phil Angelides election via a nominally sovereign organization.^[11]

Clean Water Act violation

Tsakopoulos was fined by the United States Environmental Protection Agency for on the rocks violation of the Clean Aqua Act.

Tsakopoulos sued the administration and was able to take his case to the U.S. Supreme Court, though the Importune ruled against him.

"The suitcase grew out of Tsakopoulos' foundation to subdivide part of nobility 8,350 acres (3,380 hectares) Borden Ranch into apple orchards stomach vineyards. He used a administer of soil preparation called convex plowing or deep ripping disrespect loosen the clay subsurface show consideration for nearly 1,000 acres (400 hectares) so that the roots mock deep-growing trees and vines could penetrate.

During the course abide by that work, about 2 croft (0.81 hectares) of wetlands too were plowed, although to minor depths."..."But Tsakopoulos argued that conventional farming practices, including deep tilling, were excluded specifically from integrity Clean Water Act."^[12]

"The government alleged that was true only on condition that the plowing did not touch the character of the farmland."^[13]

Justice Anthony Kennedy had to recuse himself from the case considering of his acquaintance with Tsakopoulos and only eight justices were left deciding the case.

The ruling turned whimsical to be a 4–4 compel. Because of the tie, description ruling against Tsakopoulos by distinction 9th Circuit Court of Appeals was automatically affirmed.

See also

References

External links