Tuesday, 28 April 2015

LESSONS LEARNED: ADNAN KHASHOGGI


-          Adnan Khashoggi made the bulk of his fortune brokering arms deals between Western firms such as Lockheed Martin and Arab governments. For each deal he was paid Millions of dollars as commissions 

-          In the early 1980s he was worth $4 Billion and considered one of the richest men in the world
   
-          A string of financial losses and unethical business practices where he fronted for dictators and regularly laundered money was his undoing

-          At the height of his fortune Adnan was spending a Quarter of a Million Dollars daily

-          He had to resort to selling his properties like his famous yacht and real estate to fund his lavish lifestyle

-          He once threw a party that lasted 5 days

-          Adnan sold his $70 million yacht to Donald Trump for $30million when he needed funds