Alex SpanosUSA

Alex Spanos Bio, Wiki, Death and Cause, Wife (Faye Papafaklis), Children, Parents, Siblings, Net Worth, Los Angeles Chargers

Alex Spanos, majority owner of the Los Angeles Chargers dies on Tuesday 9th October 2018

Alex Spanos Biography

Alex Spanos Bio

Alexander Gus Spanos was born on 28th 1923  and died on 9th October 2018. He was an American billionaire real estate developer, founder of the A. G. Spanos Companies, and the majority owner of the Los Angeles Chargers of the National Football League (NFL).
Alex Spanos Birthday He was born on 28th September 1923 in Stockton, California, US
Alex Spanos  Died October 9, 2018 (aged 95)
Alex Spanos  Nationality American
Alex Spanos Education University of the Pacific
Alex Spanos Occupation Majority shareholder, Los Angeles Chargers
Founder, A. G. Spanos Companies
Alex Spanos Net worth
US$2.4 billion (2018 The World’s Billionaires list) 
US$2.4 billion (2017 Forbes 400 list)
US$2.4 billion (2017 The World’s Billionaires list)
Alex Spanos Wife
Faye Papafaklis (m. 1948; her death 2018)
Alex Spanos Children Dean Spanos, Michael Spanos, Alexis Spanos Ruhl,  Dea Spanos Berberian
Alex Spanos Parent(s) Constantinos Spanos
Evanthia Spanos
Alex Spanos Siblings Madeline Spanos Madsen, George Spanos, Stella Spanos Graham, Leo Spanos, Dionysios “Danny” Spanos
Alex Spanos Books Sharing the Wealth: My Story

Alex Spanos Early life and education

Spanos was born in Stockton, California, to Greek immigrants Constantino and Evanthia Spanos. His father was an owner of a bakery, where the young Spanos started working at the age of eight. In 1942, Spanos dropped out of college at the California Polytechnic School and joined the Army Air Force training as a pilot but left the program and instead served as a tail gunner during World War II. Spanos earned varsity letters in swimming and diving at the University of the Pacific in Stockton and later distinguished himself as an amateur golfer.

Alex Spanos Career

In 1951 he borrowed $800 from a local banker to buy a truck which he then used to sell sandwiches to migrant farm workers in the San Joaquin Valley. He had made his first million dollars by 1955. He invested his earnings in real estate and at the suggestion of his tax accountants, started to build apartments. In 1960, he founded A.G. Spanos Companies, which by 1977 had become the largest apartment builder in the United States. The corporation is based in Stockton and has 10 subsidiaries.

In 1984, Spanos bought 60% of the San Diego Chargers (now Los Angeles Chargers) from majority owner Eugene Klein for $48.3 million. Over the next decade, he bought out the shares of several small co-owners, bringing his control of the team to 97%. The remaining 3% was held by San Diego restaurateur George Pernicano, an investor in the team since a few years after its inception, until Pernicano’s death in October 2016. Since 1993, Spanos’ son Dean has handled the daily operations of the franchise. According to Forbes, as of 2015, the San Diego Chargers are worth $995 million.

Alex Spanos George W. Bush Major Campaign Contributor

Spanos was one of the most significant contributors to George W. Bush’s re-election campaign in 2004. By contributing $5 million to 527 groups that supported the Bush campaign in 2004, Spanos ranked among the top five GOP donors. President Bush appointed Spanos to the Kennedy Center board in 2004. Spanos was inducted into the California Building Industry Hall of Fame in 2005. Spanos also received the AHEPA Award, an award that recognises members of the community for their contributions and achievements in their chosen field of endeavour.

Alex Spanos Personal life

In 1948, Spanos married Faye Papafaklis. The couple had four adult children: Dean Spanos, the Chargers’ team president; Michael Spanos, the Chargers’ executive vice president; Alexis Spanos Ruhl, a vice president of A.G. Spanos Companies; and Dea Spanos Berberian, a vice president of A.G. Spanos Companies. His wife, Faye Spanos, died on 7th August  2018, aged 92.

Alex Spanos with her Wife (Faye Papafaklis)
Alex Spanos with her Wife (Faye Papafaklis)

Spanos resided in Stockton, California. He owned property in Las Vegas, Nevada. Spanos had a seven-way heart bypass in 2000 and has had surgery and undergone chemotherapy for colon cancer. After his heart bypass at Sacramento Mercy General Hospital, Spanos donated $10 million to the hospital to sponsor the construction of its new state-of-the-art heart center.

He wrote a book called Sharing the Wealth: My Story which details his rise from a moneyless man of 27 years to become a billionaire. Spanos was the first person ever to be on the winning teams in both the Bob Hope Desert Classic in Palm Desert (1977) and the Bob Hope British Pro-Am (1980). Spanos announced in 2008 that he was suffering from a severe form of dementia.

Alex Spanos Death and Cause

The Los Angeles Chargers owner Alexander Spanos died on Tuesday, 9th September 2018 at the age of 95. The team announced Spanos’ death on its website, noting that he was “peacefully surrounded by his loved ones on Tuesday morning.”

Moses

Moses Njoroge is the Senior Editor at Glob Intel, a news and IT service provider company. He has a wide range of experience in freelance writing, Web/System Development and other related IT services.

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