Marc Rich

Marc Rich (born Marc David Reich on December 18, 1934) is a billionaire international commodities trader who fled the United States in 1983 to live in Switzerland in order to avoid prosecution on charges of tax evasion and illegally making oil deals with Iran during the hostage crisis. He received a controversial presidential pardon from President of the United States Bill Clinton in 2001, hours before Clinton left office.

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Rich was born in Antwerp, Belgium in 1934, and his family emigrated to the United States in 1942 to avoid the Nazis. Rich attended high school at the Rhodes School in Manhattan, New York and college at New York University. Rich worked as commodities trader for his wealthy father, who produced burlap sacks. He later worked with Philipp Brothers, a dealer in raw metals, learning about the international trading of raw materials with poor, third world nations. He later focused on trading with dictatorial regimes and embargoed nations, such as Iran. His company Marc Rich Real Estate GmbH is involed in large developer projects (e.g. in Prague, Czech Republic http://www.praguepost.cz/busi022801c.html).

December 18: December 18 is the 352nd day of the year (353rd in leap years) in the Gregorian Calendar. There are 13 days remaining....

1934: 1934 was a common year starting on Monday (link will take you to calendar)....

Billionaire: A billionaire is a very wealthy person, one who has a net worth over USD $1,000,000,000, or over 1000 times the net worth of a millionaire....

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