Forbes – The World’s Billionaires

March 11, 2010

#937 Marc Rich

Net Worth: $1.0 bil
Fortune: Self Made
Source: commodities
Age: 75
Country Of Citizenship: United States
Residence: Meggen
Education: New York U, Drop Out
Marital Status: Divorced, 2 children

NYU dropout started career in mail room of Philipp Brothers in 1954. With long-term partner Pincus Green, built Phibro into world’s largest trader of oil, grain, metals. Left mid-1970s, founded Marc Rich & Co. Fled to Europe 1983 after being indicted for trading with Iran during hostage crisis, evading $50 million in taxes. Duo pardoned by Clinton 2001. Born in Antwerp, Belgium 1934, spent childhood in Philadelphia, Kansas City, New York. Now resides in Switzerland; has given more than $100 million to Jewish causes and leukemia research. Lost millions to Madoff. Net worth estimate likely low.

Recent book by Swiss journalist Daniel Ammann says Rich revealed in interviews his extensive dealings with Iran, Cuba, South Africa; said he provided intelligence to U.S. diplomats about regimes while on the run.

source: http://www.forbes.com/lists/2010/10/billionaires-2010_Marc-Rich_THOQ.html