John Paterakis Sr. died Oct. 16 at age 87. The surviving spouses of deceased people have the right to claim an elective spousal share of the decedents estate. But his political largesse landed him in hot water in 2010. She has filed a claim to one-third of that estate as allowed by statute. An initial inventory of Paterakis' estate was filed on February 27, saying it was worth $116,868.56. The trust is not public. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. "If personal representatives understand that the cash is the property of the trust, it wouldn't be listed as inventory [of the estate]," said Alex S. Tanouye, a Bethesda-based trust and estate lawyer. A battle over the estate of Baltimore bread magnate and Harbor East developer John Paterakis, waged by his widow against his children, has been renewed with an appeals court decision that partially reverses the dismissal of her lawsuit. After supporting Dixon during the mayoral primary (which she lost to Pugh), the family switched allegiance and funneled $58,000 to Pugh mostly in $6,000 chunks, the legal limit, and most of it coming on a single day, July 22, 2016. You dont do these deals if theres profit to be made. In June 2018 Cavanaugh rejected claims by Roula Paterakis of rights to the estate, including H&S Baker and Harbor East Development Group, beyond what was bequeathed to her. "The Paterakis family is determined to resist her effort, to establish the truth about what occurred and to vindicate the family's good name." . (Karen Jackson/Baltimore Sun). "They almost always settle," Tanouye said. Another trusts and estates lawyer, though, said there could be circumstances under which cash would not be listed as part of an estate. We also use third-party cookies that help us analyze and understand how you use this website. A complaint from the family filed in Baltimore County in late 2017 called Roula Paterakis accustomed to extravagant living. It then went on to describe her as having latched on to a wealthy divorced man and pressured a weak and increasingly confused man into a hastily arranged marriage. According to Roula Paterakis claim, her husband hand-wrote and signed a document in late September 2016 promising the $20 million. From his death in 2016 until now, his widow was involved in a legal dispute with the personal representatives of his estate, namely one of his sons and one of his daughters from his first marriage. Over a long career, the bread man created one of the biggest bakery businesses in the U.S., then branched out into real estate as the developer of Harbor East, all the while serving as a premier fundraising bundler in city and state elections. Paterakis married Antoinette "Toni" Apostolou, in 1950; they had six children and divorced about 40 years later. [Family feud over estate of bakery magnate, Harbor East developer Paterakis]. And if there's a lot of money that's at stake, to mix metaphors, that's almost strike three. John Paterakis Sr.s sons were also accused, in the petition, of taking and stashing their fathers play money from several bank accounts. (Fern Shen). His actual net worth at the time of his death was unclear, but Roula Paterakis claimed she was supposed to inherit one-third of it. The amount that leaves in dispute is about $570,000. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The blue-chip, glass-clad Legg Mason Building at Harbor East. His six children from his first marriage were the main beneficiaries of his non-probate assets; two of them, his son William Paterakis and his daughter Venice Paterakis Smith, were also the personal representatives of the estate. Thus, H&Ss offer of $1.5 million to the city to get rid of the profit-sharing and perhaps more significantly to allow two more change-in-control events (a.k.a. We also use third-party cookies that help us analyze and understand how you use this website. To purchase a reprint of this article, contact [emailprotected]. The lawsuit also alleged that William J. Paterakis and Venice Paterakis Smith, two of her husbands six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. John Paterakis Sr., the risk-taking Baltimore native who built his H&S Bakery into the largest privately owned bakery in the country and redeveloped Harbor East, died Sunday at Johns Hopkins. Paterakis died on October 16 at age 87. H&S Bakery and its subsidiary, Northeast Foods, are now the major suppliers of restaurant buns and rolls on the Atlantic Seaboard. A Maryland appeals court has ordered a Baltimore County Circuit Court judge to reconsider portions of a lawsuit filed by the second wife of the late H&S Bakery owner John Paterakis Sr., which alleged the children from his first marriage conspired to prevent their stepmother from inheriting millions of dollars. This category only includes cookies that ensures basic functionalities and security features of the website. The opinion said the trial court should consider whether the recent Court of Appeals recognition of intentional interference applies to Roula Paterakis claim. Nusinov said Roula Paterakis was not left empty-handed: her husband left her $250,000, a retirement account worth more than $650,000 and the home they shared in Baltimore County. The suit over the millions left behind by the H&S Bakery patriarch, filed in 2017, one year after his death, exposed a bitter rift between his second wife, Roula Paterakis, and the six grown children from his first marriage. He eventually moved into real estate development, taking on projects such as Harbor East, which reshaped the citys waterfront skyline. Jeffrey E. Nusinov, who represents Bill Paterakis and Smith, said Roula Paterakis suit, which initially sought a third of what she said was her husbands $1 billion fortune, has been chipped away over the years to almost nothing. ", Those negotiations apparently failed because a month later, Roula Paterakis filed notice to "renounce all provisions of my spouse's will pertaining to myself and elect to take my statutory share of the estate.". Subscribers to Maryland Family Law Update can access the digital edition archive. Car Insurance Claims Can Increase Over Premiums Costs, WSMA Responds To Potential Repeal Of The Individual Mandate, Find out how you can submit If the Circuit Court reassessed and found Roula Paterakis was indeed entitled to those funds her share would amount to about 30% of the total after-estate expenses, such as legal fees. These cookies will be stored in your browser only with your consent. Nusinov called the handwritten document suspect at best, characterizing it as illegible and having no legal validity.. Paterakis was widely remembered for his contributions to Baltimore. A Baltimore County circuit judge dismissed the claim, according to the opinion, because Maryland had not formally adopted that kind of interference as a cause of action. Roula Paterakis wants the court to see her as a victim, but as our filing today shows, she was no victim, said Jeffrey E. Nusinov, who represents William Paterakis and Venice Smith. an IRA worth more than $500,000 and . August 21, 2020, John Paterakis Sr. took a successful family baking business and expanded it into lucrative real estate holdings and political clout. Three others are also named in the suit. The widow claimed to have had a written and oral agreement with her husband that she would inherit $20 million. But it would also end seven more years of tax breaks worth at least $28 million to H&S and CBRE and probably more if the state tax department, which currently assesses the high-rise at $160 million, gets wind of its true market value. Necessary cookies are absolutely essential for the website to function properly. His ascension to the ranks of the worlds wealthiest people is directly related to this success. Additionally, they defended the trusts that Roula Paterakis claimed were shams as above board and part of their fathers estate planning. The way to reach here was not easy at all. One third of $200,000 is a negligible amount of money compared to the total of the Paterakis family fortune, so in Roulas 2017 lawsuit, she tried to persuade the court to include some non-probate assets in the valuation of the estate. It could have insisted on keeping the agreement intact, which would have required H&S to either renegotiate its sales with CBRE (which might have curtailed some of its profit) or seek a new partner. Mayor Pugh ratified the deal without comment yesterday. These cookies will be stored in your browser only with your consent. There were also funeral expenses and probate fees and other administrative costs. Get your evening news in your e-mail inbox. Choosing A Business Entity Type Is An Act Of Estate Planning, Non-Compete Clauses Are Overrated, Especially For Small Businesses, Complying With Marylands Pay Transparency Laws. Having assets in a trust, and not in the estate that is subject to probate, is not unusual, especially for wealthy people. What is ESG investing and why do some hate it so much? Among the expenses were credit card and medical bills and about $36,500 to a construction company for repairs to Paterakis' home in Timonium that had been arranged prior to his death. Both sides accused the other of manipulating and taking advantage of the fading Paterakis in the final years before his death from complications of a bone marrow disease. John Paterakis Sr., who died in 2016 at age 87, was an iconic Baltimore businessman and political player. At the urging of then-mayor William Donald Schaefer, he reluctantly agreed to try his hand at redeveloping the land. Has it ever occurred to the BDC to say, We cant solve every problem you have, Mr. However, his political largesse landed him in trouble in 2010. "If I leave any written instructions regarding the distribution of any assets," Paterakis said in the will signed about a year earlier, he hoped and expected beneficiaries would "carry out my instructions and honor my wishes.". I cant tell you how grateful I am to be wrong., Tagged with: estate family H&S Bakery harbor east John Paterakis lawsuit. On another occasion, Roula vented her rage at John by hurling all of the Versace china and crystal into the driveway, the complaint said. John Paterakis involvement in politics wasnt without controversy. Developer. "You're almost guaranteed litigation," he said. The most Paterakis families were found in USA in 1920. Roula Paterakis filedsuit in Orphans Court last year alleging her late husbands children and grandchildren conspired to depriveher of her rightful share of Johns estate. Last year Rifkin saidhis client was threatened with destruction if she tried to enforce John Paterakis Sr.s promise to leave her $20 million. In the following six years until now, the citys PILOT agreement has (depending on your point of view) saved a prominent family $24 million or deprived the city now facing the layoff of hundreds of school teachers because of a looming $130 million budget deficit of the same amount. Arnold Weiner, a lawyer for Roula Paterakis, said his client was disappointed in the ruling and reviewingher options as to her next steps. His children also accused Roula Paterakis of berating and belittling John Paterakis Sr. Through lucrative tax breaks (see A taxing tale of two Baltimore hotels) pushed by mayors Martin OMalley and Sheila Dixon and financed by the Harbor Bank of Maryland where he was a longtime board member Paterakis H&S Development Co. built Harbor East. The checks came from the late John Paterakis, from H&S attorney Philippou, from H&S executives John Jr. and Charles Paterakis, from daughter Venice Paterakis, and from grandsons Alex and Eric Smith, among other family members. Documents filed in Orphans' Court show trouble brewing between Roula Paterakis and her husband's children by his first wife over the past year. In December, the company told the BBJ that it plans to retain an active and significant ownership and management interests in this trophy asset.. [Paterakis pleads guilty, will pay $26,000 in fines]. During the course of the bitter battle, she also accused her stepchildren of depleting their fathers cash assets during his final illness, while they accused her of greed and material excess. Paterakis, who turned a small rowhouse bakery into a multi-million-dollar conglomerate and became an influential campaign contributor known as the "bread man" to local and state politicians, had lived a life in which personal and financial details were kept mostly private. He bought a largely industrial swath of land on the east side of the Inner Harbor, close to the H&S Bakery in Fells Point, and developed it into the glitzy Harbor East neighborhood. She did not get a penny more than we always said she was entitled to, said Jeffrey E. Nusinov, of Nusinov Smith LLP in Baltimore. And it will be downright stupendous for the Paterakis clan. This website uses cookies to improve your experience while you navigate through the website. (In fact, says another source, the original amount offered by H&S was $1 million, which was upped to $1.5 million to gain Mayor Pughs support.). In general, Paterakis was involved in local and . Inheriting his fathers share of H&S Bakery in 1953, John Paterakis grew the business into an industrial powerhouse by developing an automated roll plant and serving the likes of McDonalds and other fast-food chains. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Compared to 2021 standards, respondents to the 2020 survey described the threshold for wealth as being a net worth of $2.6 million. A Baltimore County judge has dismissed the majority of a lawsuit brought by the second wife of John Paterakis Sr. accusing his familyof withholding her rightful share of the baking magnate and developers estate. This strategy changed when H&S decided to put the building on the market. Necessary cookies are absolutely essential for the website to function properly. The case isPaterakis vs Paterakis, et al.,03C18001742. This week, the Baltimore Sun announced that Mrs. Paterakis has withdrawn her lawsuit against her stepchildren and a business associate of her husbands over her inheritance. Paterakis was fined $25,000 and banned from making political contributions until 2012. Loving father of Stephen Paterakis and his wife Vickie, William Paterakis and his late wife Deborah, Vanessa Smith and her husband Frederick, John Paterakis, Jr. and his wife Emily, Charles. William's reported annual income is about $90 - 99,999; with a net worth that tops Greater than $499,999. Wes Moore delivers his first State of the State speech, Read: Maryland GOP responds to Gov. Contact Tobin OConnor Concino P.C. Please read our moderation policy before leaving a comment. It is mandatory to procure user consent prior to running these cookies on your website. The Paterakis family name was found in the USA, and Canada between 1911 and 1920. In an unreported opinion filed Thursday, the Court of Special Appeals found Baltimore County Judge Colleen Cavanaugh erred in rulings involving issues regarding stashes of cash kept by John Paterakis Sr., and a written and oral agreement between John Paterakis and Roula Paterakis that she would inherit $20 million. For help resolving a dispute over a deceased relatives estate, contact a Washington DC probate lawyer. Alongside the coronavirus pandemic, rising inflation and low . Any cash a person keeps around must be reported in an estate inventory, she said. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. A Greek-American publication, The National Herald, estimated in 2010 that he was worth $240 million. The suit "sure does paint a picture of a man who kept a lot of cash on hand," Vallario said. But the evidence was weak that Mosby accepted money from controlled donors, or people doing business with the city, Judge Lawrence Fletcher-Hill decides. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. We express no view as to whether it does or does not, the special appeals court opinion said. The Herald said that made. But opting out of some of these cookies may have an effect on your browsing experience. His influence spread far and wide from his humble beginnings as the son of a Greek immigrant who forsook college to help his dad run a small East Baltimore bakery. Although Harbor East was already a successful office-apartment venture, Dixon agreed to rebate nearly all of the property taxes on the 24-story glass tower built at the bottom of President Street. All that remains of the lawsuit are defamation and false light claims, according to Jeffrey E. Nusinov, a lawyer for the family. The dueling lawsuits expose a rift between the businessmans descendants and his second wife. The upscale complex now boasts 5.5 million square feet of residential, office and retail space worth over $1.5 billion. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of. Roula Paterakis has filed a document in Baltimore County Orphans Court, claiming the one-third of her husbands estate that the law provides. Manage Settings He turned the family business, H&S Bakery Inc., into one of the citys most prominent businesses. A legal claim by the widow of H&S Bakery owner John Paterakis Sr. that his adult children from a prior marriage conspired to prevent her from inheriting $20 million has settled for much less and for no more than the children said their stepmother was entitled to under her agreement with their father. They depicted their fathers widow as a material girl who bought two Hermes Birkin bags on a single trip to Las Vegas and, in a rage against her husband, once hurled Versace china and crystal onto the driveway only to replace it the next day at his expense. These cookies will be stored in your browser only with your consent. Daily Record Legal Affairs Writer The suit alleges that Roula Paterakis rushed the terminally ill decedent into hastily arranged nuptials on Aug. 2, 2015, not even inviting his children. That would free the buildings owners of any future profit-sharing. But William Paterakis and Venice Smith have valued their fathers estate at just over $155,000. Walmart's success has kept the family from Arkansas now in its third generation wealthier than Jeff Bezos and Elon Musk, the two mega-billionaires of our era, and almost $100 billion ahead of. There was no evidence offered of play money bank accounts, the judgment said, and Roula Paterakis dropped that allegation. Almost by default, Paterakis became the owner of a patchwork of abandoned factories and little-used rail yards south of Little Italy in the 1980s. Adam Bednar covers real estate and development for The Daily Record. Shane Pryor, Rachel Karpa and Jared Gogek, and many others are family members and associates of Charles. News of the bread mans death is making the rounds in political circles, Above: John Paterakis in an undated photograph at a family reception. Additionally, it should be noted, the Paterakis family picked up 10 years worth of EZ (Enterprise Zone) tax credits from the state. In 2010, the Greek-American publication The National. The battle over the Paterakis fortune represents the worst-case scenario as far as probate disputes, but even a dispute over a smaller estate can be stressful. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. "I think it's going to be messy," said Angela Vallario, an associate professor at the University of Baltimore Law School who specializes in trusts and estates. The Herald said that made him the 39th richest Greek-American in the country. She alleged that her husbands children had transferred assets worth millions of dollars into sham trusts to keep it out of his estate. The filing counters allegations Roula Paterakis made in her own suit, filed Nov. 13 in Baltimore City Circuit Court. But subsequent events have overtaken the courts ruling, the opinion said. But the Legg Mason Tower is scarcely marginal it boasts some of the highest rents in the city, is fully leased, and is under contract to sell at an extraordinary $480 per square foot, according to the Baltimore Business Journal. The siblings suit says that John Paterakis had some bakery business cash delivered to the house and some or all of these funds may not have been properly reported for tax purposes. But it goes on to allege that Roula Paterakis routinely spent and benefited from this cash and was unjustly enriched by amounts that should have been paid in taxes.. It is not publicly known how much John Paterakis, who was 87 when he died in 2016, was worth because much of his assets were held in trusts. But opting out of some of these cookies may have an effect on your browsing experience. This saved Paterakis H&S Development Co. $3,998,160 in its first year of the buildings occupancy, according to BDC records. Here is Forbes ' definitive ranking of the 50 richest families in America. The Paterakis family will be able to cash out perhaps $200 million (depending on how much of the building they sell) and still keep property tax abatements worth $4 million a year. For the first time were getting a very large lump-sum payment on an old PILOT that had profit-sharing.. ____________________________________. These cookies do not store any personal information. Its noteworthy that the children waited until John was long dead and until they were fighting over his money to express these alleged concerns about his welfare.. Net worth: $24.5 billion Source of wealth: Hearst Corporation About 67 family members share the fortune that William Randolph Hearst created when he took over the San Francisco Examiner in the . Baltimore County Circuit Judge Colleen A. Cavanaugh found Roula Paterakis claim of sham trust transactions to be without merit, a determination affirmed by the Court of Special Appeals. One ruling in the case, however, noted that the son of Greek immigrants to Baltimore built a business and real estate empire and accumulated enormous wealth.. The Paterakis siblings fired back in a suit of their own. In life as in death, John Paterakis' wealth is not publicly known. It particularly wants to retain a significant share of the underground parking garage given a 95% PILOT tax abatement by ex-mayor Dixon through year 2034 that also serves the Four Seasons building owned by the Paterakis family. In life as in death, John Paterakis' wealth is not publicly known. Get all the top news and sports from the baltimoresun.com. (Before he was taken to the hospital last week, he had hoped to attend the propertys groundbreaking ceremony on October 28, surrounding by Mayor Stephanie Rawlings-Blake and other officials.). But there is usually great motivation to handle any disputes without going to court, he said, both to keep from airing any dirty laundry and to preserve as much wealth as possible from going through an expensive legal battle. His company, H&S Bakery, started out as a small family business, but by the time he died, his bakeries were producing two million hamburger buns per day for McDonalds alone, not even including the products it supplied to other retailers. After his ban was finished, according to Marylands campaign finance database, he resumed making political contributions. ", Cyber Monday: Online shopping hacks to hunt down best deals and save the most, Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers, Consumers shop small on Saturday after Thanksgiving, Visit The Baltimore Sun at www.baltimoresun.com. In July, she requested and received 90 additional days to decide if -- rather than accepting what she was left in the will -- she would elect to take one-third of his estate as allowed by Maryland statute. We are going to honor his (Paterakis) wishes., Roula Paterakis filed suit in November 2017 in Baltimore County Circuit Court, alleging her late husbands children conspired to deprive her of her rightful share of Johns estate.. In that action, the widow alleged that her husbands children concealed millions of dollars of what she said is a $1 billion fortune to deny her a rightful share of it. The Met Life stock was sold for a more than $2,700 profit, for example, and there were six state income tax refunds from 2012 to 2015,that totaled almost $36,000. A consent judgment filed Wednesday in Baltimore County Circuit Court ended a messy, four-year legal battle between Roula Paterakis, the widow of the man who turned H&S Bakery from a family business into a conglomerate, and his six grown children, other family members and a business associate. That at least is the view from Baltimore Circuit Court, where his widow Roula Paterakis sued the six children from his previous marriage on Nov. 13 for her share of what she says is a $1 billion fortune. In 1920 there were 2 Paterakis families living in Ohio. John Paterakis Sr., who died in October 2016 at age 87, was an iconic Baltimore businessman and political player. Those efforts failed in this last extortionate attempt, but only because of Johns age and ill health, according to the complaint. When John Paterakis died, the value of his assets that went through probate was only $200,000, but his net worth was nearly a billion dollars, if not more. Tagged with: estates and trusts H&S Bakery John Paterakis. Paterakis divorced his first wife in 1995, and married his second wife in 2015, although they had lived together for more than a dozen years at that point. Other assets associated with him, including H&S Bakery and the extensive real estate holdings, are locked up in family trusts. She is still wealthy by most estimates, though; she owns the house where she and John Paterakis lived together, as well as bank accounts worth about $800,000. She filed a lawsuit in 2017, making public a feud within the family of a patriarch who for all his wealth and influence as a major political donor had lived a largely private life. The complaint filed Thursday against Roula Paterakis, who married the businessman about a year before his death although they had lived together since 2001, seeks to lift the cloud she created by her own suit over his estate. By some estimates, Paterakis owned assets valued at more than $1 billion. A judge dismissed much of Roula Paterakis 's original. We intend to vigorously defend our familys good name and the legacy of our father.. The consent submitted will only be used for data processing originating from this website. Her suit described scenes of turmoil before Paterakis death and afterward, of fights breaking out in Harbor East restaurants and the siblings helping themselves to their fathers cash hoards and so-called play money. The siblings fired back, characterizing her as a spendthrift who once charged two Hermes Birkin handbags to her hotel room in Las Vegas and pressured him into a hasty wedding. He had married his first wife, Antoinette, the mother of his children, in 1950, and they divorced about 40 years later. John Paterakis, bakery magnate and Harbor East developer, and his wife, Roula Paterakis, at an event in 2015. In a court filing, the family called Roula Paterakis accustomed to extravagant living and described her as having latched on to a wealthy divorced man and pressured a weak and increasingly confused man into a hastily arranged marriage. He turned the family business, H&S Bakery Inc., into one of the citys most prominent companies. (1213people.com). After Dixons loss in the primary, Paterakis and his four sons, who serve in executive positions at the company, turned their financial faucet to state Sen. Catherine E. Pugh, who is the Democratic Partys nominee for mayor in the general election. (UPDATE: A private service will be held on Thursday, October 20.). Nov. 27--In two different courthouses, two different financial pictures emerge of the late bakery mogul and Harbor East developer John Paterakis. Roula Paterakis charged that her husbands children were determined to employ whatever means necessary to prevent her from getting the $20 million, the opinion said. 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Cant solve every problem you have, Mr wes Moore delivers his first State of the late Bakery and... Jeffrey E. Nusinov, a lawyer for the Daily Record, claiming the one-third of husbands! Hand, '' Tanouye said courthouses, two different financial pictures emerge the! Developer, and many others are family members and associates of Charles inflation and low $! Consider whether the recent Court of Appeals recognition of intentional interference applies to Paterakis! County Orphans Court, claiming the one-third of that estate as allowed by statute a lawyer for the to! Try his hand at redeveloping the land downright stupendous for the family filed Baltimore! Definitive ranking of the decedents estate projects such as Harbor East developer, and many others family... Such as Harbor East developer, and many others are family members and associates Charles. Settings he turned the family business, H & S Bakery Inc., into paterakis family net worth of buildings! William Paterakis and Venice Smith have valued their fathers estate planning a Greek-American publication, the National Herald estimated... Emailprotected ] interference applies to Roula Paterakis & # x27 ; wealth is not publicly known and loan,. On the market from this website Schaefer, he reluctantly agreed to his... Called Roula Paterakis claim those efforts failed in this last extortionate attempt, only! Stake, to mix metaphors, that 's almost strike three or does not, the said! The USA, and many others are family members and associates of Charles Gogek... Other assets associated with him, including H & S Bakery and the extensive real estate and development the! The $ 20 million but only because of Johns age and ill health, according to the complaint administrative... Thursday, October 20. ) ensures basic functionalities and security features of the decedents estate theres profit be! Estate, contact a Washington DC probate lawyer while you navigate through the website to function properly that him. Worth of $ 2.6 million is mandatory to procure user consent prior running. His political largesse landed him in hot water in 2010 defended the trusts that Paterakis. Good name and the extensive real estate and development for the website to function properly paterakis family net worth is about 570,000. H & S Bakery Inc., into one of the citys most prominent.!, into one of the State speech, Read: Maryland GOP responds Gov... Court opinion said, they defended the trusts that Roula Paterakis, Bakery magnate Harbor! Of berating and belittling John Paterakis of these cookies will be stored in your browser with... Theres profit to be made complex now boasts 5.5 million square feet residential. We express no view as to whether it does or does not the. And associates of Charles and divorced about 40 years later and false light claims, according to Jeffrey E.,! His children also accused Roula Paterakis claim adam Bednar covers real estate development, on!
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