“Iran Sanctions: The Sobering Lessons of Marc Rich”

March 22, 2010

Think Sanctions Will Work? Oil Trader Marc Rich Made A Fortune Off Them Before Bill Clinton Pardoned Him. Read the rest of this entry »

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

“Glencore is Marc Rich’s legacy”

March 2, 2010

It’s a well-known fact that oil made Marc Rich the world’s richest and most powerful commodities trader. Oil also made Rich – born Marcell David Reich – infamous around the world for his illegal deals with Iran during the hostage crisis almost 30 years ago. But what few people know is that metals – rather than oil – are responsible for kicking off and ultimately ending his career, Daniel Ammann, author of Rich biography “The King of Oil” reveals. Read the rest of this entry »

Der mächtigste Manager der Schweiz

March 2, 2010

Willy Strothotte ist heute in der Schweiz weitgehend unbekannt. Das ist kein Zufall. Wer aber ist der Nachfolger des legendären Rohstoffhändlers Marc Rich, dessen Konzern Glencore mit der gewollten Intransparenz allmählich ein Problem bekommt?

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Book Talk: On Glencore founder Marc Rich

February 18, 2010

Digging deep into the world of commodities trading was no easy task for Swiss-based author Daniel Ammann and his latest biography. “The King of Oil” is an exclusive, no-holds barred biography of billionaire commodities trader, former fugitive and founder of the trading giant that became Glencore, Marc Rich. Read the rest of this entry »

“Marc Rich speaks..but what did he say?”

February 14, 2010

The Barrel

Marc Rich has finally spoken. He’s spoken a lot, apparently, to Daniel Ammann, and even took a picture with him. That in itself is newsworthy, because The King of Oil, as the title of the book written by Ammann describes Rich, has talked very little over the years. Read the rest of this entry »

“His good name was everything to him”

February 5, 2010

Marc Rich: Billionaire businessman and philanthropist, or crook? Most loyal of men, or traitor? This book won’t tell you, but it will leave you well informed about the most enigmatic of men. Read the rest of this entry »