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Celebrities who live in Switzerland :
MARC RICH
Marc Rich (born Marc David Reich on December 18, 1934) is an international commodities trader. He fled the United States in 1983 to live in Switzerland while being prosecuted on charges of tax evasion and illegally making oil deals with Iran during the hostage crisis.
He received a presidential pardon from United States President Bill Clinton in 2001.
Rich was born to a Jewish working class family in Antwerp, Belgium in 1934. The Rich family immigrated to the United States in 1942 to avoid the Nazis. Young Marc attended high school at the Rhodes School in Manhattan. He later attended New York University, but dropped out after one semester to go work for Philipp Brothers (now Phibro LLC). Rich worked as commodities trader for his father, who sought to build an American manufacturing fortune through burlap sack production. Marc Rich later worked with Philipp Brothers, a dealer in raw metals, learning about the international raw materials markets and commercial trading with poor, third world nations. One of his biggest market coups came during the Arab oil embargo of 1973-74, when he used his Middle Eastern contacts to circumvent the embargo and buy crude oil from Iran and Iraq. After purchasing the crude for roughly $12 per bbl. Rich doubled the price and sold it to supply-starved U.S. oil companies. In 1974 he and co-worker Pincus Green set up their own company
His tutelage under Philipp Brothers afforded Rich opportunities to strike deals with various dictatorial regimes and embargoed nations, such as Iran, using a special relationship with Ayatollah Khomeini. His company Marc Rich Real Estate GmbH is involved in large developer projects (e.g. in Prague, Czech Republic).
Forbes ranked Rich as the 242nd richest American in 2006 with a net worth of $1.5 billion.
Marc Rich's corporate legacy is Glencore, a company he founded, domiciled in Baar (close to Zug, Switzerland) but centred in London,
Rich, after spending several years in the canton of Zug, moved his domicile to Meggen, a city part of the Swiss canton of Lucerne, where he zealously guards his privacy.
MARC RICH
Marc Rich (born Marc David Reich on December 18, 1934) is an international commodities trader. He fled the United States in 1983 to live in Switzerland while being prosecuted on charges of tax evasion and illegally making oil deals with Iran during the hostage crisis.
He received a presidential pardon from United States President Bill Clinton in 2001.
Rich was born to a Jewish working class family in Antwerp, Belgium in 1934. The Rich family immigrated to the United States in 1942 to avoid the Nazis. Young Marc attended high school at the Rhodes School in Manhattan. He later attended New York University, but dropped out after one semester to go work for Philipp Brothers (now Phibro LLC). Rich worked as commodities trader for his father, who sought to build an American manufacturing fortune through burlap sack production. Marc Rich later worked with Philipp Brothers, a dealer in raw metals, learning about the international raw materials markets and commercial trading with poor, third world nations. One of his biggest market coups came during the Arab oil embargo of 1973-
His tutelage under Philipp Brothers afforded Rich opportunities to strike deals with various dictatorial regimes and embargoed nations, such as Iran, using a special relationship with Ayatollah Khomeini. His company Marc Rich Real Estate GmbH is involved in large developer projects (e.g. in Prague, Czech Republic).
Forbes ranked Rich as the 242nd richest American in 2006 with a net worth of $1.5 billion.
Marc Rich's corporate legacy is Glencore, a company he founded, domiciled in Baar (close to Zug, Switzerland) but centred in London,
Rich, after spending several years in the canton of Zug, moved his domicile to Meggen, a city part of the Swiss canton of Lucerne, where he zealously guards his privacy.
