Nadhmi Auchi Net Worth

What is Nadhmi Auchi’s Net Worth?

Nadhmi Auchi, a British Iraqi businessman, has a net worth of $2.3 billion dollars. Born on June 11, 1937 in Baghdad, Iraq, Auchi is the founding president of the Anglo Arab Organisation (AAO) and the founder and chairman of General Mediterranean Holding (GMH), a conglomerate of 120 companies worldwide.

Highlights

• Nadhmi Auchi has a net worth of $2.3 billion dollars.
• He is a British Iraqi businessman.
• Auchi is the founding president of the Anglo Arab Organisation (AAO) and the founder and chairman of General Mediterranean Holding (GMH).
• He has a degree in Economics and Political Science from Al-Mustansiriya University in Baghdad.
• Auchi was convicted of fraud in 2003 for his involvement in a $504 million corruption scandal centered around French oil company Elf Aquitaine.

Early Life

Nadhmi Auchi was born on June 11, 1937 in Baghdad, Iraq. He graduated with a degree in Economics and Political Science from Al-Mustansiriya University in Baghdad in 1967. Auchi’s early life and upbringing played a significant role in shaping his entrepreneurial spirit and business acumen.

Career

After completing his education, Nadhmi Auchi founded General Mediterranean Holding (GMH) in 1979 in Luxembourg. GMH is a conglomerate of 120 companies operating in various sectors worldwide. Under Auchi’s leadership, GMH has grown into a successful and diverse business empire.

In addition to his role at GMH, Auchi has been the president of the Anglo Arab Organisation (AAO) since its formation in 2002. The AAO is a non-profit organization that aims to promote the integration of British Arabs into mainstream British society while retaining their identity.

However, Auchi’s career faced a major setback in 2003 when he was convicted of fraud for his involvement in a $504 million corruption scandal revolving around French oil company Elf Aquitaine. The scandal was described as “the biggest political and corporate sleaze scandal to hit a western democracy since the second world war.” Auchi was fined almost $3 million and given a suspended jail sentence.

Personal Life

Information about Nadhmi Auchi’s personal life, such as his family, relationships, and hobbies, is not readily available to the public. Auchi prefers to maintain a private personal life, away from the media spotlight.

Net Worth Over Time

Nadhmi Auchi’s net worth has fluctuated over the years due to various factors such as economic conditions, business ventures, and legal issues. As of the latest available data, his net worth stands at $2.3 billion dollars.

Components of Net Worth

Nadhmi Auchi’s net worth primarily stems from his ownership and interests in General Mediterranean Holding (GMH), a conglomerate of 120 companies operating worldwide. GMH’s diverse portfolio of businesses contributes to Auchi’s overall net worth. However, it is important to note that specific details of the components of Auchi’s net worth are not publicly disclosed, and the valuation is based on estimates and publicly available information.

In conclusion, Nadhmi Auchi is a highly successful and wealthy British Iraqi businessman with a net worth of $2.3 billion dollars. Despite facing legal challenges in his career, Auchi has built a significant business empire through General Mediterranean Holding (GMH) and continues to play a prominent role in the business world.

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