Adnan Khashoggi Net Worth is$400 Million
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Date of Birth: Jul 25, 1935
Adnan Khashoggi was born in Mecca and has an estimated net worth of $400 million dollars. A businessman and arms dealer listed as the richest man in the world in the 80s, 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.
Adnan Khashoggi (Arabic: ????? ???????, IPA: [?aed'nae:n xae:'?uqd?i:]; born 25 July 1935) is a Saudi Arabian arms-dealer and businessman. He is also noted for his engagements with high society in both the Western and Arabic-speaking worlds, and for his involvement in the Iran-Contra and Lockheed bribery scandals. At a peak net worth of about $40 billion USD in the early 1980s, he was considered one of the richest men in the world.
Khashoggi was born in Mecca, the son of Muhammad Khashoggi, who was King Abdel Aziz Al Saud's personal doctor. His family is of Turkish ancestry. The family moved from the Iberian Peninsula and settled in Saudi Arabia. Adnan Khashoggi's sister Samira Khashoggi Fayed married Mohammed Al-Fayed and was the mother of Dodi Fayed. Another sister, Soheir Khashoggi, is a well-known Arab writer (Mirage, Nadia's Song, Mosaic).
Khashoggi was educated at Victoria College in Alexandria, Egypt, and American Universities:California State University, Chico, Ohio State University, and Stanford University. Khashoggi later left his studies in order to seek his fortune in business.
Khashoggi headed a company called Triad Holding Company, which among other things built the Triad Center in Salt Lake City, Utah, 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 series The Mayfair Set, Saudi author Said Aburish states that one of Adnan's first weapons deals was providing David Stirling with weapons for a covert mission in Yemen during the Aden Emergency in 1963. Among his overseas clients were defense contractors Lockheed Corporation (now Lockheed Martin Corporation), Raytheon, Grumman Aircraft Engineering Corporation and Northrop Corporation (which have now merged into Northrop Grumman).
Between 1970 and 1975, Lockheed paid Khashoggi $106 million in commissions. His commissions started at 2.5% + and eventually rose to as much

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Adnan Khashoggi Latest News

KHASHOGGI SEIZED BY SWISS OFFICIALS

Adnan M. Khashoggi, a Saudi financier who was a central figure in billions of dollars of arms sales over the last two decades, was arrested by the police in Switzerland today. Mr. Khashoggi was arrested in Bern, the Swiss capital, at the request of the ...
Posted: April 18, 1989, 5:00 pm

Exclusive: Inside Emad Khashoggi’s new-build Versailles

You may not think so, but Emad Khashoggi, a Saudi property developer whose cousin was Dodi Fayed and whose uncle is the once notorious arms dealer, fixer and international party animal Adnan Khashoggi, obviously disagrees. The super-smooth and super-rich ...
Posted: September 21, 2014, 12:00 pm

More "Six Degrees of Adnan Khashoggi"

Khashoggi's second connection to 9/11 is more direct but also more difficult to verify: An Oct. 7 article by Frank Connolly in Ireland's Sunday Business Postquotes unnamed U.S. intelligence officials alleging that Khashoggi has made "protection payments ...
Posted: November 13, 2001, 4:00 pm
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