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Nadhmi AuchiFounder of the company "General Mediterranean Holding SA".
Country:
 Great Britain |
Content:
- Nadhmi Auchi: British-Iraqi Businessman and Philanthropist
- Early Life and Education
- Professional Career
- Anglo-Arab Organisation and Controversies
- Personal Wealth and Philanthropy
- Business Partnerships
Nadhmi Auchi: British-Iraqi Businessman and Philanthropist
Nadhmi Auchi, born in 1959, is a British-Iraqi billionaire and the founder and CEO of General Mediterranean Holding SA.
Early Life and Education
Auchi earned a degree in economics and political science from Mustansiriya University in 1967. His academic background laid the foundation for his future career success.
Professional Career
- Director of Development, Iraqi Ministry:Auchi began his professional journey as the Director of Development at the Iraqi Ministry.
- Founder, General Mediterranean Holding SA (1979):He established his own company, General Mediterranean Holding SA, in 1979. This venture became a pivotal moment in his business career.
- Committee Head, Harvard's Kennedy School of Government (1996-2000):Auchi served as the Head of the Committee on Socio-Economic and Political Issues in the Middle East at Harvard's Kennedy School of Government.
Anglo-Arab Organisation and Controversies
- Anglo-Arab Organisation:In 2002, Auchi founded the Anglo-Arab Organisation, a non-profit organization.
- "Elf Aquitaine" Scandal:In November 2003, Auchi was convicted of receiving illegal commissions worth £50 million from the French company Elf Aquitaine. He was sentenced to two years probation and fined £1.4 million. This incident marked one of the controversies surrounding Auchi.
- Allegations of Conspiracy:Auchi has also faced allegations of involvement in a 1959 plot against the Iraqi president.
Personal Wealth and Philanthropy
According to the Sunday Times, Auchi is ranked 18th among the wealthiest people in the UK, with an estimated net worth of £995 million. Despite his wealth, Auchi is known for his extensive philanthropic activities. He has established several foundations dedicated to supporting the underprivileged.
Business Partnerships
Auchi maintains close ties with Syrian businessman Tony Rezko, a vocal supporter of Barack Obama during his political campaigns since 1996. Rezko's recent arrest on extortion charges has brought renewed scrutiny to Auchi's business dealings.
