The biggest company you never heard of

March 11, 2011

On Christmas Eve 2008, in the depths of the global financial crisis, Katanga Mining accepted a lifeline it could not refuse. Read the rest of this entry »


The Financial Times on The King of Oil

July 11, 2010

The Financial Times just published an excellent article about Glencore, its origin and its future. The King of Oil – The Secret Lives of Marc Rich was an important source and is quoted in the article:

Amid such profound changes, Glencore started to plot a new future. Such plans will move the group further from its origins under Marc Rich, an oil trader who founded the business under the name of Marc Rich + Co in 1974, and sold to management in 1993. According to Daniel Ammann’s book, The Secret Lives of Marc Rich, the founder – who made a lot of money from deals with countries shunned by others, such as apartheid South Africa and Iran – sold the company to management for about $600m, a figure Mr Rich said was not far from reality. 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?

Read the rest of this entry »


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 »


“Glencore as Israel’s Wild Card”

January 2, 2010

To deprive Iran of gasoline and force the country to come to the negotiating table regarding its nuclear program, Western nations are turning up the heat on traders who supply Tehran with oil products. While the United States is threatening to adopt a new sanctions bill, Israel is clearly preferring to use its special relations with the world’s leading trading concern, Switzerland’s Glencore, which had annual sales of SFR 165 billion in 2008, to pressure the Iranians. The group, which was long named Marc Rich + Co, has enjoyed excellent relations with Tel Aviv for nearly 40 years. Read the rest of this entry »


“How I met the Biggest Devil”

December 11, 2009

Marc Rich, the world’s most powerful oil trader who had systematically avoided reporters and had given his last interview over twenty years ago, finally opened up about his businesses and his private life.  Read the rest of this entry »


“A warts-and-all story of the life of Marc Rich”

November 23, 2009

More than 25 years since his flight from US prosecution, Marc Rich has chosen to finally tell all in this extraordinary book by Swiss journalist Daniel Ammann. Through interviews with Rich himself and many that knew or worked with him during his career, Ammann presents a warts-and-all story of the life of Rich. Read the rest of this entry »


“They needed traders like Marc Rich.”

November 19, 2009

Daniel Ammann is the author of The King of Oil: the Secret Lives of Marc Rich and business
editor of Swiss weekly Die Weltwoche. Kieran Leahy spoke to him about the subject of his book. Read the rest of this entry »


Marc Rich Spills His Secrets

November 18, 2009
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The fugitive financier’s biographer talks to Allan Dodds Frank about Rich’s global commodities empire, his connection to U.S. intelligence, and how he bribed world leaders.

Everyone has a favorite fugitive. Hollywood loves Roman Polanski; the Taliban worship Osama bin Laden. For me and dozens of other reporters who have intermittently chased Marc Rich over the last three decades, the commodities trader has been the man most tantalizingly on the lam.

Now comes the journalistic coup by Daniel Ammann, an intrepid Swiss business journalist who, after years of trying to interview Rich, sits down, writes him a long letter full of loaded questions, and astonishingly convinces Rich to be interviewed at length—on the record—for The King of Oil: The Secret Lives of Marc Rich. Much of Rich’s story has long been suspected, but hard to prove. Read the rest of this entry »


“King of oil” discloses his “secret lives”

November 16, 2009

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Commodity trader Marc Rich admits he’s been painted as a “devil”, but a new book by a Swiss journalist describes the billionaire as neither saint nor sinner.

Daniel Ammann, who interviewed Rich extensively for his book, The King of Oil, told swissinfo.ch how an oil pipeline through Israel – a joint venture between Iran and Israel – was one of Rich’s greatest successes at a time when the two countries were seemingly impossible trading partners. Read the rest of this entry »