Adnan Khashoggi Biography

Adnan Khashoggi

Adnan Khashoggi : عدنان خاشقجي; born on July 25, 1935) is a Saudi Arabian millionaire who was a success, with the arms trade business. His house does not count, there are in many major cities in the world. One of his favorite residence is Beverly Hills, Los Angeles, California.

He was educated in Egypt and the high-United States (U.S.). He is most famous as a middleman for the arms trade in the U.S. and Saudi Arabia in the 1960s and the 1970s. He has also done business with international defense contractors such as Lockheed Martin and Northrop Grumman.



Early life

Khashoggi was born in Mecca, the son of Muhammad Khashoggi, a doctor who was personal physician to King Abdel Aziz Al Saud. His family is of Turkish descent. The family moved from the Iberian Peninsula and settled in Saudi Arabia. Adnan Khashoggi's sister Samira Khashoggi Fayed Mohammed Al-Fayed married and the mother of Dodi Fayed.Another sister, Soheir Khashoggi, was a famous Arab writer (Mirage, Song Nadia, Moses).


Khashoggi was educated at Victoria College in Alexandria, Egypt, California State University, Chico, Ohio State University, and Stanford University in Palo Alto, California, United States. Khashoggi then left his studies to seek his fortune in business.


Business career

Khashoggi led the company called Triad Holding Company, which among other things built the Triad Center in Salt Lake City, Utah, which later went bankrupt. He was known as an arms dealer, an intermediary transactions between U.S. companies and the Saudi government, the most active in the 1960s and the 1970s. The Mayfair Set documentary series, the author says Aburish Arabia stated that one of the first supply of weapons Adnan is providing David Stirling with weapons for a secret mission in Yemen during the Aden Emergency in 1963. Among the overseas clients were defense contractors Lockheed Corporation is (now Lockheed Martin Corporation), Raytheon, Grumman Aircraft Engineering Corporation and Northrop Corporation (which has now merged into Northrop Grumman).


Between 1970 and 1975, Khashoggi paid Lockheed $ 106 million in commissions. His commission starts at 2.5% + and eventually rose to as much as 15%. Khashoggi "became for all practical purposes the marketing arm of Lockheed Adnan will provide not only the main course but the strategy, the constant advice and analysis." According to Max Helzel, the Lockheed vice president of international marketing.


A shrewd businessman, he covered his financial tracks by establishing front companies in Switzerland and Liechtenstein to handle his or her commission and develop contacts with leaders such as CIA agent James H. Critchfield and Kim Roosevelt and U.S. businessman Bebe Rebozo, a close associate of former U.S. President Richard Nixon. He was also involved in diamond mining in the Central African Empire, in collaboration with Emperor Bokassa. His yacht, Nabila, is the largest in the world at that time and used in the James Bond film Never Say Never Again.


Iran-Contra

He was involved in the Iran-Contra affair as a key intermediary in the exchange of gun-for-hostages along with Iranian arms dealer Manucher Ghorbanifar and, in a complex series of events, was found to have borrowed money for arms purchases from the now-bankrupt financial institution the Bank of Credit and Commerce International ( BCCI) with Saudi and U.S. backing. In 1988, Khashoggi was arrested in Switzerland, accused of hiding the money, which was held for three months and then extradited to the United States where he was released on bail and later released. In 1990, a federal jury in Manhattan acquitted United States Khashoggi and Imelda Marcos, widow of exiled Philippine President Ferdinand Marcos, of racketeering and fraud.


GenesisIntermedia insolvency

Khashoggi, along with Ramy El-Batrawi, is the main financier behind the GenesisIntermedia, Inc. (formerly NASDAQ: GENI), a public Internet company based in Southern California. After the September 11 attacks, Khashoggi based on checking accounts are frozen and Khashoggi was unable to make a margin call with Native Nations Securities, the CEO and largest shareholder, at the time, was Valerie Red-Horse, former office manager of junk bond king Michael Milken. In turn, Native Nations and Red Horse can not meet its obligations on margin loans Trading Clearing, Inc. MJK in stock GenesisIntermedia discontinued in September 2001. Khashoggi's reluctance to pay the margin loan to Native Nations Securities, and Native Nations (and Red Horse) inability to pay its debts to MJK Clearing, began a series of bankruptcies that ended with the payment of the Securities Investor Protection largest company history.Native Nations Securities and MJK Clearing both eventually filed for bankruptcy.


Personal life

In 1960 he married 20-year British women Daly Sandra (Sandra Patricia Jarvis-Daly) who converted to Islam and took the name Soraya Khashoggi.They raised a daughter (Nabila) and four children together (Muhammad, Khalid, Hussein, and Omar ).
His second wife, Laura Italia Biancolini, also converted to Islam and changed his name to Lamia Khashoggi. He was only seventeen when she met Adnan in 1980 and gave him another son, Ali.
In the 1980s, Khashoggi family occupied one of the largest estates in Marbella villa, called Baraka, hosting lavish parties usually governed by a club owner Marbella's "Monroe" local celebrities and Robert Young (born Robert Parkes UK 1953). The parties are legendary, and guests including movie stars, politicians, celebrities and pop. Food was supplied by the resident chef to 6, and it is said that champagne is stored in specially refrigerated trailers parked in the large courtyard complex.

In 1985, a celebrity journalist Robin Leach declared a birthday party in Vienna that Khashoggi throw to his eldest son to become "the most extravagant events in European history.
DNA tests in 1999 confirmed that Petrina Khashoggi, who was born shortly after Adnan divorced mother, is actually not biologically, but Jonathan Aitken and Soraya children. [
Khashoggi continues to live quietly in the Principality of Monaco, even after a British court ordered him to pay £ 7 million to creditors. Services as a facilitator has been a recurring feature throughout the U.S. government since Nixon; the last, he met with Richard Perle shortly before the 2003 invasion of Iraq.