George Haseotes is a Member of the Prominent Greek-American Family That Owns Cumberland Farms

George Haseotes is a member of the Greek-American family that founded Cumberland Farms, ranking #73 on Forbes’ 2015 list of America’s Richest Families with an estimated net worth of $3.9 billion.

Haseotes owns several dairy plants and a petroleum refinery in Kentucky, yet he does not reside there; rather, he works from Boston.

Early Life and Education

George Haseotes was raised by a family of Greek immigrants in Rhode Island and later attended college in Massachusetts.

He and his siblings worked alongside their parents on the family farm, founded in 1938 by Vasilios and Aphrodite Haseotes with $84 and a one-cow dairy in Cumberland, R.I. Eventually the Haseotes clan owned twenty-five cows – an enormous achievement for them all.

Today, the Haseotes family owns Cumberland Farms – a convenience store chain with 600 locations across eight states – and Gulf Oil, which distributes petroleum products. In 2015, their name appeared as #73 on Forbes magazine’s list of America’s Richest Families. Now George Haseotes is back in court – this time for refusing to release land his sister owns in Massachusetts.

Professional Career

George Haseotes was a member of the esteemed Greek-American family that owns Cumberland Farms, an iconic milk chain in Massachusetts. He and his sister Lily Bentas filed suit this week in Providence Superior Court to gain access to documents and records related to family land assets.

In 1938, Aphrodite and Vasilios Haseotes immigrated from Greece’s Macedonia and Epirus regions to the United States and purchased a one-cow dairy farm in Cumberland, Rhode Island for $84. Today, Cumberland Farms operates hundreds of retail stores throughout Rhode Island and processes millions of gallons of milk each week.

George has been married to Kristen Williams-Haseotes for almost one year, and they have one son named George Haseotes Jr. They reside in Naples, Florida.

Achievements and Honors

George Haseotes has achieved great success in his career, receiving recognition from various organizations for his accomplishments and contributions.

The Haseotes family has a long-standing legacy in business, starting with Vasilios and Aphrodite Haseotes who founded Cumberland Farms convenience store chain as Greek immigrants. For $84 they purchased a one-cow, one-calf farm in Cumberland, Rhode Island for this purpose.

George has made it his mission to remain involved in his community by supporting causes that matter to him. He has raised millions of dollars for Alzheimer’s and Parkinson’s research, served on the boards of Columbia Presbyterian Hospital and Hellenic Times Scholarship Fund, among other organizations.

Personal Life

Haseotes and his family are the founders of Cumberland Farms, a chain of 600 convenience stores across eight states. Additionally, their business owns Gulf Oil, which sells gasoline to service stations.

Forbes magazine estimates Haseotes and his family to have a net worth of $3.9 billion, ranking them #73 on the list of America’s Richest Families.

Demetrios Haseotes filed an affidavit in Albany County Supreme Court alleging his uncle George Haseotes entered a dairy plant without permission last November and harassed workers, harassing them and ultimately forcing two to quit, according to the document.

This isn’t the first time the Haseotes family has faced financial difficulty over their business dealings. In 1992, they had to declare bankruptcy due to debts owed by Lily’s brother Demetrios Haseotes who had taken out loans for an ill-fated refinery and three oil tankers.

Net Worth

The Haseotes family is no stranger to Forbes’ list of America’s Richest Families, currently ranking 73 with a net worth of $3.9 billion. They are the founders of Cumberland Farms, an eight-state convenience store chain with 600 locations; they also own Gulf Oil and distribute petroleum products.

In 2015, the Haseotes family’s fortune surged five spots. Additionally, they acquired a Kentucky oil refinery and still own an interest in it today.

According to Demetrios Haseotes’ affidavit, his uncle George entered the plant without authorization and harassed employees. This incident prompted Midland Farms CEO Demetrios Haseotes to file a complaint in December 2018, seeking to prevent further trespassing.