Spyros P. Skouras Net Worth is
$1.7 Million

Mini Biography

Spyros Panagiotis Skouras was created on 27 Sept, 1892 in Skourahorian, Greece, the boy of an area sheepherder. After primarily learning for the priesthood, Skouras, by using his older sibling, [mistake], became a member of his younger sibling, George P. Skouras, and journeyed to America. While operating like a bus son in St. Louis, Skouras would spend his evenings studying British, business methods, accounting and regulation. In 1912 the three brothers pooled their cash and bought a rundown nickelodeon in an unhealthy community in St. Louis. After turning the theatre across the brothers could actually build on the achievement and borrow $150,000 to get and refurbish the older Grand Central Theatre in St. Louis. Ultimately the Skouras brothers would continue to regulate 650 theaters spanning coastline to coast. Skouras, together with his sibling George joined the Military Signal Corps through the Initial World War. Following the war they came back to St. Louis and their theatre interests. The Skouras brothers sold their theater franchise in 1928 to Warner Brothers where Skouras and his younger brother George were made officers in the business. Charles Skouras continued to become chief executive of Country wide Theaters Inc. In 1931 Skouras remaining Warner’s to function for Paramount and the next yr was lured aside to dominate Fox Metropolitan Theaters in NY, that was loosing a million dollars a yr. He managed save the franchise from personal bankruptcy and by 1942 was able to dominate the presidency of 20th Century-Fox. During his tenure as chief executive Skouras is acknowledged with embracing cinemascope technology so that they can save the film industry through the developing competition from tv. By early 1960s, mounting deficits compounded from the 30 million over-budget creation of Cleopatra (1963), resulted in Skouras having out. He continued to be on as chairman from the table though, retiring in 1969 to spend additional time to his shipping and delivery collection business, Prudential -Elegance Lines. Skouras died of the heart in his house in Mamaroneck, NY on 16 August, 1971. He was survived by his wife of 51 years, the previous Saroula Bruiglia, two daughters and two sons.