in 2015 latsis was the second wealthiest greek, ranked #782 on the 2015 forbes list of the world's richest people. latsis saw his wealth significantly decline during greece's recession, with stocks of his efg eurobank, lamda development and hellenic petroleum all falling significantly in 2011, but recovered in 2013. latsis invited the president of the european commission, josé manuel durão barroso, who had been a student friend at the london school of economics, to be a guest on his yacht. subsequently, allegations were made in the press that this somehow influenced commission decisions but these have been disproved.