Adnan Khashoggi

Adnan Khashoggi(Arabic:عدنان خاشقجي,romanized:‘Adnān Khāshuqjī; 25 July 1935 – 6 June 2017) was a Saudi businessman andarms dealerknown for his business dealings, extensive geopolitical influence, and opulent lifestyle, which earned him the moniker "The Great Gatsby of the Middle East."During his peak in the early 1980s, Khashoggi'snet worthwas estimated at around $4 billion, amassed through his pivotal role as an intermediary between Western defense companies and the Saudi government.
Khashoggi was the founder ofTriad International Holding Company, which held diverse investments worldwide, including in luxury hotels, oil refineries, and real estate. Known for hosting lavish parties attended by celebrities and politicians, Khashoggi's lifestyle made him a media fixture and inspired popular culture, even influencing songs byQueenand appearing in shows likeLifestyles of the Rich and Famous.
Khashoggi was born inMecca, toMuhammad Khashoggi, who was KingAbdul Aziz Al Saud's personal doctor,and Samiha Ahmed, a Saudi woman of Syrian origin.Khashoggi's sister was authorSamira Khashoggiwho married businessmanMohamed Al-Fayedand was the mother ofDodi Fayed.Another sister,Soheir Khashoggi, is a well-known Arab novelist (Mirage,Nadia's Song,Mosaic).He had two brothers, Essam Khashoggi and Adil Khashoggi, and he named Triad Corporation in reference to himself and his two brothers.  He was a paternal uncle of murdered journalistJamal Khashoggi.
Khashoggi was educated atVictoria CollegeinAlexandria, Egypt,and attendedChico State,Ohio State, andStanford University. Khashoggi left his studies in order to pursue a business career.
In 1961, Khashoggi married 20-year-old Englishwoman, Sandra Daly, who converted to Islam and took the name Soraya Khashoggi. Together they raised one daughter (Nabila)and four sons (Mohamed, Khalid, Hussein, and Omar).They divorced in 1974.
Khashoggi's second wife, Italian Laura Biancolini, (m. 1978) also converted to Islam and changed her name to Lamia Khashoggi. She was seventeen when she met Adnan; together they had a son, Ali. Khashoggi was married to Lamia Khashoggi at the time of his death.Adnan's third legal wife was Shahpari Azam Zanganeh (m. 1991-2014). Apart from his marriages, Khashoggi also maintained aharem, and it was reported that he had relationships with at least 12 women who were described as his "pleasure wives".One was Jill Dodd, a former model and fashion designer he met in 1980.Dodd has written a memoir titledThe Currency of Loveabout their relationship.
In the 1980s, the Khashoggi family occupied one of the largest villa estates inMarbella, Spain, calledBaraka, hosting lavish parties.Guests at these parties included film stars, pop celebrities and politicians such as former Canadian prime ministerPierre Trudeau.In 1985, celebrity reporterRobin Leachreported Khashoggi threw a five-day birthday party in Vienna for his eldest son,and in his heyday, Khashoggi spent $250,000 a day to maintain his lifestyle.Due to his extravagant lifestyle, he was called theGreat Gatsbyof the Middle East.
Another Khashoggi home wasOl Pejeta Conservancy, inLaikipia County, Kenya known at the time as the Mount KenyaSafari Club. His house has since been converted into a hotel which is run bySerena Hotels.
Khashoggi continued to spend lavishly even when he encountered financial problems.His net worth was said to have been down to about $8 million in 1990.
He died on 6 June 2017 while being treated forParkinson's diseaseatSt Thomas' Hospitalin London.He was 81 years of age.
Khashoggi's early years were spent among some of Saudi Arabia's most influential figures. "While attending school he metHussein bin Talal, the futureKing of Jordan. It was at school that Khashoggi first learned the commercial value of facilitating a deal, bringing together a Libyan classmate whose father wanted to import towels with an Egyptian classmate whose father manufactured towels, earning US$1,000 for the introduction. Khashoggi's subsequent education at university would serve as a launchpad for his commercial career."
In one of his first big deals, a large construction company was experiencing difficulties with the trucks that it used on the shifting desert sands. Khashoggi, using money given to him by his father for a car, bought a number ofKenworthtrucks, whose wide wheels made traversing the desert considerably easier. Khashoggi made his first US$250,000 leasing the trucks to the construction company, and became the Saudi Arabia-based agent for Kenworth.
In the 1960s and 1970s, Khashoggi helped bring together Western companies and the Saudi Arabian government to satisfy its infrastructure and defense needs.Between 1970 and 1975,Lockheed paid Khashoggi $106 million in commissions. His commissions started at 2.5% and eventually rose to as much as 15%. Khashoggi "became for all practical purposes a marketing arm of Lockheed. Khashoggi would provide not only an entrée but strategy, constant advice, and analysis", according to Max Helzel, then vice president of Lockheed'sinternational marketing.
A commercial pioneer, he established companies in Switzerland and Liechtenstein to handle his commissions as well as developing contacts with notables such asCIAofficersJames H. CritchfieldandKim Rooseveltand United States businessmanBebe Rebozo, a close associate of U.S. PresidentRichard Nixon.His yacht, theNabila, was the largest in the world at the time and was used in theJames BondfilmNever Say Never Again.After Khashoggi ran into financial problems he sold the yacht to theSultan of Brunei, who in turn sold it for US$29 million toDonald Trump, who sold it for US$20 millionto PrinceAl-Waleed bin Talalas part of a deal to keep hisTaj Mahalcasino out of bankruptcy. Khashoggi gained influence with U.S. President Richard Nixon by donating US$200 million to his 1972 political campaign,through a friendly bank circumventing existing laws that prohibited such large sums from American corporations to political campaigns.Similar arrangements allowed Khashoggi to gain influence with important people throughout the world.
Khashoggi headed a company calledTriad International Holding Companywhich among other things built theTriad CenterinSalt Lake City, which later went bankrupt.He was famed as an arms dealer, brokering deals between US firms and the Saudi government, most actively in the 1960s and 1970s. In the documentary seriesThe Mayfair Set, Saudi authorSaid Aburishstates that one of Khashoggi's first deals was providingDavid Stirlingwith weapons for a covert mission in Yemen during theAden Emergencyin 1963. Among his overseas clients weredefense contractorsLockheed Corporation(nowLockheed Martin Corporation),Raytheon,Grumman Aircraft Engineering CorporationandNorthrop Corporation(the last two of which have now merged intoNorthrop Grumman).
Triad International is a multi-national private investment corporation that was owned by Khashoggi.  It was named "Triad" after the three brothers, Adnan, Essam and Adil.  Its investments include many notable properties and businesses throughout the world. The company consisted of subsidiary companies, including Triad Management, Triad Properties, Triad Energy, Triad Technology, and Triad Financial resources.The global span of the businesses prompted the creation, by the Khashoggi family, of a board-game calledTriopolywhich was modeled after the classic game ofMonopoly. The various game tiles represented properties and companies owned by Khashoggi and his Triad corporation.
Triad International was formed in the early 1960s and as it grew spanned five continents.The company holdings included hotels, shopping centers, banks, oil refineries, a computer manufacturer, a gold mine, construction companies, car and truck franchises, and theUtah Jazz,a professional basketball team. The company was headquartered inGeneva,Switzerland, with its subsidiary companies located in the United States, Canada and Saudi Arabia.
Khashoggi, through Triad, owned the Mount Kenya Safari Club, known asOl Pejeta Conservancy, a several hundred acre reserve at the foot ofMount Kenya, San Francisco Town Center East, US; a US$250 million property; Long Beach Edgington Oil a US$250 million per year oil refinery in the US; ATV computer systems, Santa Ana, Arizona, US; Colorado Land & Cattle company, Security National bank in Walnut Creek, California, US, Barrick gold mine in Toronto, Canada; Saudi Arabian Kenworth, Chrysler and Fiat car and truck dealerships; the National Gypsum company in Saudi Arabia, and Sahuaro Petroleum in Phoenix, Arizona, US.
The company also had major financial interests inLloyd's of London; the Manera company; Las Brisas Resort in Acapulco, Mexico; the Houston Galleria; National car rental company; Pyramid Oasis inCairo, Egypt; Travel Lodge Australia; Pacific Harbor hotel in Fiji; Beirut Riyadh bank; and the bank of Contra Costa.
Khashoggi's Triad real estate holdings included private residences inBeirut;Jeddah;Riyadh;Geneva;Cairo;Salt Lake City, Utah;Cone Ranch, Florida; Rome; Paris;Cannes; London; and a multi-floor penthouse inOlympic Towerin New York.
Khashoggi also owned several private jets, and super-yachts through Triad, including aMcDonnell Douglas DC-8andDC-9, threeBoeing 727s, and several smaller business jets and helicopters. His three super-yachts, theNabila, theMohammadia, and theKhalidia, were named after his children, Nabila, Mohammed, and Khalid.
Khashoggi was directly involved in helping to organize and fund the top-secretOperation Mosesin 1984 to airlift to safety 14,000Ethiopian Jewsfrom Sudan to Israelduring a famine caused by theEthiopian Civil War.
Khashoggi was implicated in theIran–Contra affairas a key middleman in the arms-for-hostages exchange along with Iranian arms dealerManucher Ghorbanifarand, in a complex series of events, was found to have borrowed money for these arms purchases from theBank of Credit and Commerce International(BCCI) with Saudi and United States backing.His role in the affair created a related controversy when Khashoggi donated millions to theAmerican Universityin Washington DC, to build a sports arena which would bear his name.Khashoggi was a member of the university's board of trustees from 1983 until his indictment onfraudand other charges in May 1989.Khashoggi was "principal foreign agent" of the United States and helped establish the supranational intelligence partnership known as theSafari Club.
In 1988, Khashoggi was arrested in Switzerland, accused of concealing funds, and held for three months. Khashoggi stopped fighting extradition when the U.S. prosecutors reduced the charges to obstruction of justice and mail fraud and dropped the more serious charges ofracketeeringand conspiracy. In 1990, a United States federal jury in Manhattan acquitted Khashoggi andImelda Marcos, widow of the exiled Philippine PresidentFerdinand Marcos, of racketeering and fraud.
Khashoggi was a financier behind Genesis Intermedia, Inc. (formerlyNASDAQ: GENI), a publicly traded Internet company based in the US. In 2006, Khashoggi was sued by theU.S. Securities and Exchange Commissionfor securities fraud.The case was dismissed in 2008 and Khashoggi did not admit or deny the allegations.
In January 2003,Seymour Hershreported inThe New Yorkermagazine that former U.S. Assistant Secretary of DefenseRichard Perlehad a meeting with Khashoggi inMarseillein order to use him as a conduit betweenTrireme Partners, a privateventure capitalcompany of which he was one of three principals, and the Saudi government.At the time, Perle was chair of theDefense Policy Board Advisory Committee, aDefense Departmentadvisory group, which provided him with access to classified information and a position to influence defense policy.Khashoggi told Hersh that Perle talked to him about the economic costs regarding a proposed invasion of Iraq."'If there is no war,' he told me, 'why is there a need for security? If there is a war, of course, billions of dollars will have to be spent.'"
Khashoggi’s enormous yacht was the inspiration forQueen's song "Khashoggi's Ship".
In 1991 Khashoggi made an extended appearance on the British television programmeAfter Dark, discussing the Middle East alongside, among others, former Prime MinisterEdward HeathandLord Weidenfeld.
Khashoggi also appeared inLifestyles of the Rich and Famousin 1985 with hostRobin Leachwhich showcased Khashoggi's extravagant lifestyle.
During his peak, Khashoggi was a well-known figure who frequently appeared in the press and media. He also appeared in various television shows, newspapers, and notable magazine covers such asTimeandThe Washington Post.