George Argyros
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George Leon Argyros (born February 4, 1937) is an American former diplomat who served as the
United States Ambassador to Spain The incumbent ambassador is Julissa Reynoso Pantaleón, she was sworn in by Vice President Kamala Harris on January 7, 2022 and presented her credentials on February 2, 2022. This is a list of United States ambassadors to Spain from 1779 to th ...
. He is also a
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...
investor and philanthropist. Argyros was the owner of
Major League Baseball Major League Baseball (MLB) is a professional baseball organization and the oldest major professional sports league in the world. MLB is composed of 30 total teams, divided equally between the National League (NL) and the American League (A ...
's
Seattle Mariners The Seattle Mariners are an American professional baseball team based in Seattle. They compete in Major League Baseball (MLB) as a member club of the American League (AL) West division. The team joined the American League as an expansion ...
from 1981 to 1989. He is the founder and CEO of property firm Arnel & Affiliates.


Early and personal life

George Argyros was born on February 4, 1937, in
Detroit, Michigan Detroit ( , ; , ) is the largest city in the U.S. state of Michigan. It is also the largest U.S. city on the United States–Canada border, and the seat of government of Wayne County. The City of Detroit had a population of 639,111 at ...
, but raised in
Pasadena, California Pasadena ( ) is a city in Los Angeles County, California, northeast of downtown Los Angeles. It is the most populous city and the primary cultural center of the San Gabriel Valley. Old Pasadena is the city's original commercial district. ...
. Argyros is a second-generation American citizen; his grandparents emigrated from Greece. Argyros graduated from
Chapman University Chapman University is a private research university in Orange, California. It encompasses ten schools and colleges, including Fowler School of Engineering, Dodge College of Film and Media Arts, Fowler School of Law, and Schmid College of Sci ...
in 1959 with a major in Business and Economics. He later served on Chapman University's board of trustees, including chairman of the board from 1976 to 2001. The Chapman University, Argyros School of Business and Economics is named in his honor. Argyros and his wife, Julia, have three grown children and seven grandchildren. His son George Argyros Jr. (b. 2/5/1965 - d. 8/28/2020) died of a heart attack at the age of 55


Business

Argyros made his fortune in
real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more genera ...
investments. He originally started his business career running a grocery store and moved on to buying and selling real estate to
gas station A filling station, also known as a gas station () or petrol station (), is a facility that sells fuel and engine lubricants for motor vehicles. The most common fuels sold in the 2010s were gasoline (or petrol) and diesel fuel. Gasolin ...
s. He also was involved in buying and selling property in
Southern California Southern California (commonly shortened to SoCal) is a geographic and cultural region that generally comprises the southern portion of the U.S. state of California. It includes the Los Angeles metropolitan area, the second most populous urban ...
. From 1981 to 1989, he was the owner of the
Seattle Mariners The Seattle Mariners are an American professional baseball team based in Seattle. They compete in Major League Baseball (MLB) as a member club of the American League (AL) West division. The team joined the American League as an expansion ...
baseball team. Argyros has done business through the real estate company Arnel & Affiliates ( DBA "Arnel Property Management Company"). Arnel & Affiliates does business primarily in Southern California. Argyros has a
net worth Net worth is the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities. Since financial assets minus outstanding liabilities equal net financial assets, net ...
around $2 billion and owns around 5,500 apartments in Orange County and nearly 2 million square feet of commercial real estate in Southern California.


Politics

Argyros served as a member of the Advisory Committee for Trade Policy and Negotiations for the U.S. Trade Ambassador. He resigned from that position in 1990, when President Bush appointed him to the board of the Federal Home Loan Mortgage Corporation (FreddieMac). He completed his term on the FreddieMac Board in March 1993. In 2001 Argyros was appointed Ambassador to Spain and Andorra. He was sworn in on November 21, 2001. Many viewed the appointment as a political reward for his fund raising efforts for the
Republican Party Republican Party is a name used by many political parties around the world, though the term most commonly refers to the United States' Republican Party. Republican Party may also refer to: Africa * Republican Party (Liberia) *Republican Party ...
.


Baseball

In 1981, Argyros bought the Seattle Mariners. Argyros sold the team to Jeff Smulyan in 1989. Argyros had openly tried to purchase the
San Diego Padres The San Diego Padres are an American professional baseball team based in San Diego. The Padres compete in Major League Baseball (MLB) as a member club of the National League (NL) West division. Founded in 1969, the club has won two NL penn ...
in 1987 and to sell the Mariners to local buyers, but a final deal was never consummated with Padres owner Joan Kroc.


Philanthropy

In October 2013, George and Julia Argyros announced two $1 million donations benefiting the arts in Julia's hometown of
Adrian, Michigan Adrian is a city in the U.S. state of Michigan and the county seat of Lenawee County, Michigan, Lenawee County. The population was 20,645 at the 2020 United States Census, 2020 census. Adrian lies in Michigan's 7th congressional district. Histor ...
. One was to help kick off a $3.5 million capital campaign for the
Croswell Opera House The Croswell Opera House is a historic theater located at 129 East Maumee Street in Adrian, Michigan. It is recognized as the oldest theater in the state and among the oldest continuously operating theaters in the United States. The theater was d ...
and another was to benefit a fine arts education endowment through the Adrian Schools Educational Foundation.The Daily Telegra
Two $1 million gifts boost Croswell, Adrian Schools Educational Foundation Arts Endowment
/ref> The family foundation pledged $7.5 million in January 2018 for the purposes of renovating the
Los Angeles Coliseum The Los Angeles Memorial Coliseum (also known as the L.A. Coliseum) is a multi-purpose stadium in the Exposition Park neighborhood of Los Angeles, California. Conceived as a hallmark of civic pride, the Coliseum was commissioned in 1921 as a me ...
. Argyros also donated money towards the construction of the Performing Arts Center, named after him, at the American School of Madrid. Argyros is on the board of directors of the Richard Nixon Foundation, which operates the
Richard Nixon Presidential Library and Museum The Richard Nixon Presidential Library and Museum is the presidential library and burial site of Richard Milhous Nixon, the 37th president of the United States (1969–1974), and his wife Pat Nixon. Located in Yorba Linda, California, on land ...
in
Yorba Linda, California Yorba Linda is a suburban city in northeastern Orange County, California, United States, approximately southeast of Downtown Los Angeles. It is part of the Los Angeles metropolitan area, and had a population of 68,336 at the 2020 census. Y ...
; he is also a longtime trustee of his alma mater
Chapman University Chapman University is a private research university in Orange, California. It encompasses ten schools and colleges, including Fowler School of Engineering, Dodge College of Film and Media Arts, Fowler School of Law, and Schmid College of Sci ...
. He is a trustee of
California Institute of Technology The California Institute of Technology (branded as Caltech or CIT)The university itself only spells its short form as "Caltech"; the institution considers other spellings such a"Cal Tech" and "CalTech" incorrect. The institute is also occasional ...
, and also a board-member for the
Center for Strategic and International Studies The Center for Strategic and International Studies (CSIS) is an American think tank based in Washington, D.C. CSIS was founded as the Center for Strategic and International Studies of Georgetown University in 1962. The center conducts policy ...
in Washington, D.C.


See also

*
List of billionaires ''The World's Billionaires'' is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published in March annually by the American business magazine ''Forbes''. The list was first published in March ...


References


External links

* {{DEFAULTSORT:Argyros, George 1937 births Living people Baseball executives Businesspeople from Detroit American people of Greek descent People from Pasadena, California Ambassadors of the United States to Spain American billionaires Seattle Mariners owners Major League Baseball owners Chapman University alumni California Institute of Technology trustees California Republicans Real estate and property developers 21st-century American diplomats