Nadhmi Auchi’s profile picture

Nadhmi Auchi

Nadhmi Auchi’s profile picture
Net worth 2018: $2.2 Billion
Industry: Real Estate
BirthDay: 11 June 1937
Sigh: Cancer
Children: 4
BIOGRAPHY

Nadhmi Auchi was bornon 11 June 1937 in United Kingdom. Once a middleman for major oil companies and state-owned oil fields in the Gulf, Nadhmi Auchi settled in Britain in 1980 after fleeing Saddam Hussein's Iraq. Now his company, General Mediterranean Holdings (GMH), owns hotels and office buildings across Europe, the Middle East, and the U. S. GMH also invests in construction, pharmaceutical and finance companies. Auchi owns Team Lebanon of the A1 Grand Prix Race series. He also holds a stake in Egyptian billionaire Naguib Sawiri's Orascom Telecom.

NET WORTH STATISTIC
2010

$1.8 Billion

2011

$1.8 Billion

2012

$1.5 Billion

2013

$2.2 Billion

2014

$2.2 Billion

2018

$2.2 Billion

TIMELINE
2013

On 18 July 2013, he was awarded the Freedom of the City of LondonOn 13 November 2014, Auchi was appointed a Knight Commander of the Most Distinguished Order of the Nation (KCN) of Antigua and Barbuda

2012

As of 2012, his net worth was estimated by Forbes to be $1

2007

Auchi was awarded 'The Presidential Prize' in 2007 by the President of the American University in Cairo, this in appreciation of his efforts in supporting higher education in the Arab World

2005

In 2005 Auchi was made Grao-Mestre da Ordem do Merito Anhanguera in Brazil and was elected as an Honorary Member in the International College of Surgeons in Chicago, Illinois

2004

In England, the College of Arms approved his Coat of Arms in 2004

2003

In 2003, Auchi was convicted of fraud following his involvement in a $504 million corruption scandal centred on the French oil company Elf Aquitaine, described as "the biggest political and corporate sleaze scandal to hit a western democracy since the second world war"

2002

In 2002, he was also awarded the Grand Cordon of the Order of Independence by King Abdullah II of Jordan

2000

In the same year the president of the Republic of Lebanon, Émile Lahoud, awarded Auchi with the Membership First Grade of the Lebanese Order of Merit, having already appointed him as a Commander of the National Order of the Cedar in 2000

1996

In 1996, the President of Tunisia, Zine El Abidine Ben Ali, made him an Officer of the Order of the Republic

1991

8 million fine, along with a 15-month suspended jail sentence, for his involvement in the 1991 purchase by Elf Aquitaine of various Spanish oil refineries and petrol stations, having been accused by prosecutors of funneling $118 million of illegal commissions back to the Elf executives who had initially set up the deal

1989

Auchi became a British citizen in 1989 and currently resides in London

1985

8 billion, making him the 854th richest person in the world

1979

In 1979 he founded General Mediterranean Holding SA in Luxembourg

1969

He also worked with the Iraqi Ministry of Oil, becoming Director of Planning and Development in 1969

1967

in Economics and Political Science from Al-Mustansiriya University, Baghdad, in 1967

1963

He married his wife Ibtisam in 1963, and together they have 3 daughters and 1 son, born in 1964 and 1972 respectively

1937

Born in the Karadat Mariam area of Baghdad, Iraq in 1937 to an Chaldean family, Auchi attended Al Mansoor Primary School and Baghdad College High School, before going on to study at Baghdad's Mustansiriyah University

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