World Finance

World Finance

October 02, 2013 07:30 ET

Marc Rich: Entrepreneur to exile

LONDON, ENGLAND--(Marketwired - Oct. 2, 2013) -

"I am a modest, quiet person who has never done anything illegal," claimed a frustrated Marc Rich in an interview with now Senior Editor of Fortune magazine Shawn Tully. However, the oil mogul's life story points to a rather more eventful state of affairs, with Rich being an escapee of the Nazi regime, a self-made billionaire, a close friend of the former president, and an alleged criminal.

Since his humble beginnings spent in Queens, Rich - born Marcell David Reich and later named the 'King of Commodities' - has been branded a "business machine" whose best years were spent redefining the way in which the world's most valuable commodity was bought and sold.

However, it's worth reiterating that these were his best years. Aside from his achievements in the oil business - of which there are many - Rich is also known for answering countless allegations of racketeering, fraud and tax evasion. Far from the untarnished rags to riches story we've grown so accustomed to seeing on the silver screen, Rich's life is one not of a wide-eyed, innocent boy, but of a man beset with accusations of corruption.

World Finance journalist Aaran Fronda investigates the life and times of Marc Rich and the events that best characterised his rise and fall. From entrepreneur to exile, the story of Marc Rich is free to read in the newest issue of World Finance, available online and in print now.

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