Marc Rich | |
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Born | Marcell David Reich December 18, 1934 Antwerp, Belgium |
Died | June 26, 2013 Lucerne, Switzerland | (aged 78)
Citizenship | Belgium, Bolivia, United States, Israel, Spain |
Occupation | Founder of Glencore |
Known for | Banking, trading activities |
Spouses |
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Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, financier, and businessman. He founded the commodities company Glencore, and was later indicted in the United States on federal charges of tax evasion, wire fraud, racketeering, and making oil deals with Iran during the Iran hostage crisis. He fled to Switzerland at the time of the indictment and never returned to the United States.[1] He received a widely criticized presidential pardon from President Bill Clinton, on his last day in office; Rich's ex-wife Denise had made large donations to the Democratic Party.