Business Magnates And Industrialists Codexery

Adnan Khashoggi

Saudi arms dealer and intermediary known for extravagant wealth.

Adnan Khashoggi

Roland Godefroy · CC BY 3.0

Adnan Khashoggi (1935–2017) was a Saudi businessman and arms dealer whose career, political connections, and extravagant spending made him a global celebrity. At his height in the early 1980s, he was worth roughly $4 billion, earned largely by acting as a middleman between Western defense contractors and the Saudi government. He founded Triad International Holding Company, a firm with investments in luxury hotels, oil refineries, and real estate. His lavish parties—attended by movie stars, pop musicians, and politicians—made him a fixture in the media and inspired references in popular culture, including songs by Queen and appearances on *Lifestyles of the Rich and Famous*.

Born in Mecca, Khashoggi was the son of Muhammad Khashoggi, an ethnic Turk who served as King Abdul Aziz Al Saud’s personal doctor, and Samiha Ahmed, a Saudi woman of Syrian origin. His sister Samira Khashoggi was an author who married businessman Mohamed Al-Fayed and was the mother of Dodi Fayed. Another sister, Soheir Khashoggi, became a well-known Arab novelist. He had two brothers, Essam and Adil, and named his company Triad after the three of them. He was also the paternal uncle of murdered journalist Jamal Khashoggi. Educated at Victoria College in Alexandria, Egypt, he attended Chico State, Ohio State, and Stanford University before leaving school to start his business career.

In 1961, he married Sandra Daly, a 20-year-old Englishwoman who converted to Islam and took the name Soraya Khashoggi. They had one daughter, Nabila, and four sons: Mohamed, Khalid, Hussein, and Omar. After their divorce in 1974, another daughter, Petrina, was born; a 1999 DNA test later showed her father was Conservative politician Jonathan Aitken. In 1978, he married Italian Laura Biancolini, then 17, who changed her name to Lamia Khashoggi; they had a son. His third legal wife was Shahpari Azam Zanganeh. Beyond these marriages, Khashoggi kept a harem of at least 12 women described as “pleasure wives,” including former model Jill Dodd, who wrote a memoir about their relationship.

During the 1980s, the family lived in Baraka, one of the largest villa estates in Marbella, Spain, where they hosted parties with guests like film stars, pop celebrities, and former Canadian prime minister Pierre Trudeau. In 1985, reporter Robin Leach covered a five-day birthday party Khashoggi threw in Vienna for his eldest son. At his peak, he spent $250,000 a day to maintain his lifestyle, earning him the nickname “the Great Gatsby of the Middle East.” Another home was Ol Pejeta Conservancy in Kenya, then called the Mount Kenya Safari Club; the house later became a hotel run by Serena Hotels. Even when his finances faltered—his net worth reportedly fell to about $8 million in 1990—he continued spending lavishly. He died on 6 June 2017 at St Thomas’ Hospital in London, while being treated for Parkinson’s disease. He was 81.

Khashoggi’s early years put him among Saudi Arabia’s influential figures. At school he met Hussein bin Talal, the future king of Jordan. There he learned the value of dealmaking: he earned $1,000 by connecting a Libyan classmate whose father wanted to import towels with an Egyptian classmate whose father manufactured them. His university education served as a launchpad for his career. In one of his first big deals, a construction company struggled with trucks on shifting desert sand. Using money his father gave him for a car, Khashoggi bought several Kenworth trucks, whose wide wheels handled the desert well, and leased them to the company for his first $250,000. He became Kenworth’s agent in Saudi Arabia.

In the 1960s and 1970s, he connected Western companies with the Saudi government for infrastructure and defense projects. Between 1970 and 1975, Lockheed paid him $106 million in commissions, which started at 2.5% and rose to as high as 15%. According to a Lockheed vice president, Khashoggi became “for all practical purposes a marketing arm of Lockheed,” providing not just access but strategy and analysis. He set up companies in Switzerland and Liechtenstein to handle his commissions and developed ties with CIA officers James H. Critchfield, Kim Roosevelt, and Miles Copeland, as well as U.S. businessman Bebe Rebozo, a close associate of President Richard Nixon. His yacht, the *Nabila*, was the largest in the world at the time and appeared in the James Bond film *Never Say Never Again*. When Khashoggi faced financial trouble, he sold the yacht to the Sultan of Brunei, who later sold it to Donald Trump for $29 million; Trump then sold it for $20 million to Prince Al-Waleed bin Talal as part of a deal to keep his Taj Mahal casino out of bankruptcy.

died
6 June 2017, London
field
Business, arms dealing
nationality
Saudi
known_for
Arms brokerage, lavish lifestyle, founder of Triad International Holding Company

Verified Timeline

1970197819992017

Lore & Background

In the 1960s and 1970s, Khashoggi acted as a key intermediary connecting Western defense contractors with the Saudi government, earning substantial commissions that began at 2.5% and later reached 15%. For instance, Lockheed paid him $106 million in commissions between 1970 and 1975, effectively making him an extension of the company’s marketing arm. He founded Triad International Holding Company, a name referencing himself and his two brothers, Essam and Adil. To manage his earnings, he set up firms in Switzerland and Liechtenstein and cultivated relationships with CIA officers and U.S. businessman Bebe Rebozo. His opulent lifestyle earned him the nickname "The Great Gatsby of the Middle East." At his peak in the early 1980s, his net worth was estimated at $4 billion, though it had fallen to about $8 million by 1990. He maintained a vast estate in Marbella, Spain, called Baraka, and a home in Kenya that later became a hotel. His yacht, Nabila, was the world’s largest at the time and appeared in a James Bond film. Khashoggi was born in Mecca to Muhammad Khashoggi, King Abdul Aziz Al Saud’s personal doctor, and Samiha Ahmed. He was educated at Victoria College in Alexandria and attended several U.S. universities before leaving to pursue business. He married three times, including to Sandra Daly (who converted to Islam and took the name Soraya) and Laura Biancolini (who became Lamia). He also maintained relationships with at least 12 "pleasure wives." He died on 6 June 2017 in London while being treated for Parkinson’s disease, aged 81.

Reader's Guide

His commissions, which could reach as high as 15%, generated enormous wealth and influence, with his net worth peaking at an estimated $4 billion in the early 1980s. Khashoggi’s business approach was built on acting as an intermediary between Western defense contractors and the Saudi government, effectively serving as a marketing arm for companies like Lockheed. He pioneered the use of shell companies in Switzerland and Liechtenstein to manage his commissions, and cultivated relationships with notable figures including CIA officers and a close associate of U.S. President Richard Nixon. His opulent lifestyle made him a media fixture; he spent an estimated $250,000 per day at his peak, hosting lavish parties for celebrities and politicians at his Spanish villa estate, Baraka. His yacht, the Nabila, was the largest in the world at the time and later appeared in a James Bond film. Khashoggi’s extravagance earned him the nickname "The Great Gatsby of the Middle East" and inspired popular culture, including songs by Queen and coverage on *Lifestyles of the Rich and Famous*. Despite his wealth, financial troubles reduced his net worth to about $8 million by 1990. He died in London in 2017 at age 81 while being treated for Parkinson’s disease.

Did You Know?

Gallery

Frequently Asked Questions

Who is Adnan Khashoggi?

Adnan Khashoggi was a Saudi Arabian businessman and arms dealer who operated as a key intermediary linking Western defense firms to the Saudi government. He founded Triad International Holding Company and became one of the most recognizable figures in global arms brokerage during the 1970s and 1980s.

How did Adnan Khashoggi build his fortune?

His wealth came primarily from brokering weapons deals between Western manufacturers and the Saudi state, acting as the essential middleman in those transactions. At his peak in the early 1980s, his net worth was estimated at roughly four billion dollars.

What nickname was Adnan Khashoggi known by?

He was widely called 'The Great Gatsby of the Middle East' because of his extraordinarily lavish lifestyle and the sheer scale of his personal wealth, which set him apart even among the region's elite.

When and where was Adnan Khashoggi born and did he die?

He was born on 25 July 1935 in Mecca, Saudi Arabia, and passed away on 6 June 2017 in London. His life spanned more than eight decades, taking in the rise and fall of his arms-brokering empire.

Why is Adnan Khashoggi considered important in business history?

He demonstrated how a single individual could wield significant geopolitical leverage by sitting at the intersection of defense industry profits and state security needs. His story remains a frequently cited case study in the intersection of commerce, politics, and arms trade.

More in Business Magnates And Industrialists 1-20

Related in Business Magnates And Industrialists

Links follow this subject's own source article.

Spotted an error? Know more?

This is a living reference — every entry is fact-audited, and reader corrections feed straight into our audit queue. Suggest an edit · See this site's audit record

Comments

Loading…
Open in the interactive codex →