By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: World’s Richest Arms Dealer, Adnan Khashoggi Is Dead
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

World’s Richest Arms Dealer, Adnan Khashoggi Is Dead

Farouk Mohammed
By Farouk Mohammed
Published: June 7, 2017
Share
3 Min Read
SHARE

Saudi arms dealer Adnan Khashoggi , a businessman once worth billions and renowned for his lavish lifestyle, has died at the age of 82.

Hailed for his “elegance, strength and dignity” by loved ones, the tycoon, the uncle of Dodi Fayed, was said to have been undergoing treatment for Parkinson’s Disease.

He died in London on Tuesday, according to a family statement.

“It is with deep sadness that the Khashoggi family must announce that our beloved father Adnan Khashoggi, aged 82, died peacefully today in London while being treated for Parkinson’s Disease,” the family said.

- Advertisement -

“He lived his last days surrounded by his devoted family, children and grandchildren, with the same elegance, strength and dignity that characterised his remarkable life.

“He is survived by his wife Lamia.”

At the peak of his wealth in the 1970s, Khashoggi was estimated to be worth £2.4 billion.

But the Mirror has previously reported that, for almost two decades, he held the record for the most expensive divorce settlement in history.

- Advertisement -

When his marriage to wife Soraya broke down, she sued for £1.5 billion.

While she didn’t get near that amount she still walked away with a cool £500 million.

His wealth was built after years of forging deals across the globe with giants of the defence industry, including the Lockheed Corporation.

With the vast fortune came a reputation for extravagance, characterised by parties which sometimes ran for days.

On one occasion, the Stanford-educated magnate held a party in Istanbul for actress Liz Taylor after her cancer operation, while reportedly hiring rock band Queen to play another.

In 1987, Khashoggi appeared on the front cover of Time magazine below the headline: “Those Shadowy Arms Traders: Adnan Khashoggi’s High Life and Flashy Deals”.

Financial turbulence followed, however, and the arms dealer was forced to sell off relics of his flamboyant existence.

This included the superyacht, Nabila, which eventually ended up in the hands of now-US president Donald Trump, according to reports.

According to his biographer, the billionaire’s 50th birthday was a party to remember – complete with several refrigerator trucks parked outside to cool the champagne.

Brooke Shields and Sean Connery were there. One of his brothers gave him a lion cub. Shirley Bassey sang happy birthday.

And the birthday cake featured a gold crown made out of sugar after his chef had flown to the Louvre to study Louis XIV’s coronation crown, Gentleman’s Journal reports.

Just last month, it was reported one of his “bevy of beautiful girls” was releasing a memoir today, June 6.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:Adnan KhashoggiWorld
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article After Assaulting 70-year-old Journalist, Arda Turan Quits International Football
Next Article Pepe Pens Farewell Message to Real Madrid Fans

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 5 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Trump-Musk Rift Deepens as President Threatens Serious Consequences Over Political Funding
International
NIN Registration for Inmates Yet to Begin in 256 Correctional Centres, Report Reveals
News
Anambra, Osun Polls: APC Faces Internal Strife as Soludo and Adeleke Engage President Tinubu Amid Election Tensions
Politics Top stories
Pastor Adeboye
Pastor Adeboye Shares Divine Directive: Leaving RCCG Could Lead to Tragic Loss
News
Anglican Bishop of Lafia Calls on President Tinubu to Address Root Causes of Nigeria’s Insecurity and Economic Woes
News
- Advertisement -
Ad imageAd image

You May Also Like

News

Egbe Bobakeye Okunrin Akile Ijebu Refutes False Claims About Queen Elizabeth II’s 1956 Visit

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

NRC Managing Director Warns Against Railway Vandalism: “We Don’t Have Scraps, We Have National Assets”

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
News

Tragic Head-On Collision in Jigawa Claims Nine Lives, Dozens Injured

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 7, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?