Kessler, Ronald. The Richest Man in the World: The Story of Adnan Khashoggi. New York: Warner Books, 1986. 274 pages.

One example of wretched excess in the twentieth century is wheeler- dealer Adnan Khashoggi. He liked to throw extravagant parties for beautiful people and classy prostitutes at one of his twelve fully-staffed residences, on his $70 million yacht, or on one of his three commercial-size airplanes. His wealth, estimated at $4 billion in 1986, came from hefty commissions for arranging deals between U.S. defense contractors and the Saudi royal family. For years our mass media favored him with fawning reports on his lifestyle. Author Ronald Kessler does some of this, but fortunately this book is redeemed with a significant amount of investigative material.

Kessler wrote this at the peak of Khashoggi's career. Soon Khashoggi found himself in the middle of the Iran-contra scandal because of his work with Manucher Ghorbanifar in setting up several of the arms-for-hostages deals. Some of these deals were connected with BCCI, where Khashoggi was a major client. In 1988 he and Imelda Marcos were indicted in Manhattan for helping her late husband hide assets that belonged to the Philippine people. Khashoggi was arrested in Switzerland and extradited, but he and Imelda were acquitted in 1990. At last report (March 1992), Khashoggi sold his yacht and creditors impounded his jet. He lives mostly in Spain, is still fighting his legal battles, and was down to his last $54 million.
ISBN 0-446-51339-3

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