Nadhmi Auchi's Net Worth and Accomplishments
Nadhmi Auchi is a highly successful British Iraqi businessman with a net worth of $2.3 billion. He was born on June 11, 1937, in Baghdad, Iraq. Auchi is the founding president of the Anglo Arab Organisation (AAO) and the chairman of General Mediterranean Holding (GMH), a conglomerate comprising 120 companies worldwide.
Educational Background
Auchi graduated from Al-Mustansiriya University in Baghdad in 1967 with a degree in Economics and Political Science. This solid educational foundation propelled him to venture into the business world.
Founding of GMH
In 1979, Auchi founded General Mediterranean Holding in Luxembourg. Under his leadership, GMH has become a major player in various industries across the globe.
Leadership at AAO
Auchi has been the president of the Anglo Arab Organisation since its inception in 2002. AAO promotes the integration of British Arabs into mainstream British society while preserving their cultural identity.
Recognitions and Awards
Auchi’s contributions have been recognized with numerous awards. He was made Officer of the Order of the Republic in 1996 and awarded the Grand Cordon of the Order of Independence in 2002. Additionally, he received the Freedom of the City of London award in 2013, a testament to his significant impact on the business community.
Controversies
Despite his achievements, Auchi's career has not been without controversy. In 2003, he was convicted of fraud related to a $504 million corruption scandal involving the French oil company Elf Aquitaine. Described as "the biggest political and corporate sleaze scandal to hit a western democracy since the second world war," Auchi was fined nearly $3 million and received a suspended jail sentence.
