Adnan Khashoggi Net Worth
Adnan Khashoggi net worth: Adnan Khashoggi is a Saudi Arabian business man who has a net worth of $400 million dollars. A businessman and arms dealer, Adnan Khashoggi was briefly listed as the richest person in the world in the early 1980s when his net worth was estimated at $2 billion dollars. Adnan Khashoggi was intimately involved in both the Iran-Contra scandal and the Lockheed bribery scandal. He was also the catalyst for a series of bankruptcies that required the largest payout in the history of the Securities Investor Protection Corporation. Khashoggi was born in Mecca, Saudi Arabia in July 1935. His father was the personal doctor to King Abdul Aziz Al Saud. He studied at Victoria College in Egypt, as well as California State University, Chico, Ohio State, and Stanford. He was the head of the Triad Holding Company which built the Triad Center in Salt Lake City, Utah. He was an arms dealer who brokered deals between the U.S. and Saudi government. His clients included Lockheed Corporation, Grumman Aircraft Engineering Corporation, Raytheon, and Northrop Corporation. He received $106 million in commissions from Lockheed between 1970 and 1975. He co-founded gold company Barrick Gold Corporation in 1983. His yacht was used the James Bond film Never Say Never Again. He was implicated in the Iran-Contra affair but was later acquitted in the United States. He was one of the principal financiers behind Genesis Intermedia, Inc. and after the September 11, 2001 attacks his U.S. checking accounts were frozen. A series of bankruptcies began that ended with the largest payout in Securities Investor Protection Corporation history. Khashoggi was also involved in Lockheed bribery scandals. At one point he was worth nearly $40 billion and was one of the richest men in the world. He married Laura Biancolini and was previously married to Sandra Daily.
When Adnan divorced his wife Soraya Khashoggi, the case dragged on bitterly for five years.When it was all said and done, a judge ordered Adnan to pay $875 million to Soraya. It was the largest divorce settlement in history at the time and currently the third most expensive divorce ever.