Nadhmi Auchi

$2.20 B

Ranked #796 in World

About Nadhmi Auchi

Nadhmi Shakir Auchi, a prominent British-Iraqi businessman with a net worth of £1.182 billion as reported by The Sunday Times Rich List in 2023, rose from humble beginnings in Baghdad, Iraq, to establish the colossal General Mediterranean Holding (GMH). GMH, under Auchi's chairmanship, encompasses over 120 companies globally. Born in 1937 into an Assyrian family from the Chaldean Catholic Church, Auchi’s educational journey through Al Mansoor Primary School, Baghdad College High School, and eventually Al-Mustansiriya University, where he earned a B.Sc. in Economics and Political Science in 1967, laid the groundwork for his illustrious career. Auchi, who also founded the Anglo Arab Organisation, has been acknowledged with various international honors, though his career faced turbulence when he was convicted of fraud in a significant corruption case in 2003. Despite controversies, Auchi's contributions to business and charity, including significant philanthropic efforts through the AAO, continue to mark his profound impact on the global economic and social landscape.

Born

June 11, 1937 in Baghdad, Iraq

Age

88 years

Source Of Wealth

Real Estate

Industries

Real Estate

Citizenship

United Kingdom

Residence

London

Spouse

Ibtisam Auchi

Children

Nadhmi Shakir Auchi was born on January 1, 1937, in Karadat Mariam, Baghdad, Iraq. He was born into an Assyrian family that belonged to the Chaldean Catholic Church. Auchi attended Al Mansoor Primary School and Baghdad College High School for his early education. He then went on to study at Baghdad's Mustansiriyah University.

Nadhmi Auchi: Family

Nadhmi Auchi married Ibtisam in 1963. Together, they have three daughters and one son. In 1979, Auchi and his family fled to London after facing an extortion attempt in Iraq. He later became a British citizen in 1989.

Nadhmi Auchi: Career Highlights

Nadhmi Auchi graduated from Al-Mustansiriya University in 1967 with a Bachelor of Science degree in Economics and Political Science. He began his career working with the Iraqi Ministry of Oil, where he eventually rose to the position of Director of Planning and Development in 1969.

In 1979, Auchi founded General Mediterranean Holding SA (GMH) in Luxembourg. GMH is a conglomerate of over 120 companies operating worldwide. Auchi has also served as the Vice Chair of Harvard Kennedy School at Harvard University from 1996 to 2000.

Since 2002, Auchi has been the President of the Anglo Arab Organisation (AAO), which he founded. The AAO is a non-profit organization that aims to promote understanding and cooperation between the Arab world and the United Kingdom.

Nadhmi Auchi: Companies

Nadhmi Auchi is the founder and chairman of General Mediterranean Holding (GMH), a conglomerate of over 120 companies operating in various industries worldwide. Some notable companies within the GMH group include:

Mediterranean Shipping Company (MSC)
Mediterranean Bank
Mediterranean Insurance Company
Mediterranean Hotels & Resorts
Mediterranean Construction Company
Mediterranean Energy Company
Mediterranean Media Group

Nadhmi Auchi: Major Achievements

Nadhmi Auchi has achieved significant success in his business career. He is the founder and chairman of General Mediterranean Holding (GMH), a global conglomerate with over 120 companies. Auchi's leadership and entrepreneurial skills have contributed to the growth and success of GMH, making him one of the most prominent businessmen in the world.

In addition to his business achievements, Auchi is also known for his philanthropic efforts.

He has made substantial contributions to various charitable causes, including education, healthcare, and disaster relief. Auchi's generosity and commitment to giving back to society have earned him recognition and respect.

Nadhmi Auchi: Awards & Achievements

Nadhmi Auchi has received numerous awards and honors in recognition of his achievements in business and philanthropy. Some of his notable awards include:

Officer of the Order of the Republic (Tunisia, 1996)
Grand Cordon of the Order of Independence (Jordan, 2002)
Knight Grand Cross of the Royal Order of Francis I (2003)
Coat of Arms approved by the College of Arms (England, 2004)
Membership First Grade of the Lebanese Order of Merit (Lebanon, 2004)
Commander of the National Order of the Cedar (Lebanon, 2000)
Knight of the Order of St. Sylvester (Vatican, 2004)
Grao-Mestre da Ordem do Merito Anhanguera (Brazil, 2005)
Honorary Member in the International College of Surgeons (Chicago, 2005)
'The Presidential Prize' from the American University in Cairo (2007)
Freedom of the City of London (2013)
Knight Commander of the Most Distinguished Order of the Nation (Antigua and Barbuda, 2014) - later removed

Nadhmi Auchi: Personal Life & Legacy

Nadhmi Auchi is known for his philanthropic efforts and contributions to various charitable causes. He has made significant donations to support education, healthcare, and disaster relief initiatives. Auchi's commitment to giving back to society has left a lasting legacy of generosity and compassion.

Auchi is also recognized for his role in promoting cultural understanding and cooperation between the Arab world and the United Kingdom. Through his leadership of the Anglo Arab Organisation (AAO), he has facilitated dialogue, collaboration, and mutual respect between these regions.

Nadhmi Auchi: Trivia

Nadhmi Auchi's net worth is estimated to be £1.182 billion, according to The Sunday Times Rich List in 2023.
He was convicted of fraud in 2003 for his involvement in a $504 million corruption scandal related to Elf Aquitaine.

Auchi was given a $2.8 million fine and a 15-month suspended jail sentence for his role in the scandal.
In response, he sued Total (formerly Elf Aquitaine) for $327 million in the UK.
Auchi was awarded the Knight Commander of the Most Distinguished Order of the Nation by Antigua and Barbuda in 2014, but the honor was later removed.

Wealth History

Timeline

1937

Nadhmi Shakir Auchi was born in Karadat Mariam, Baghdad, Iraq, to an Assyrian family of the Chaldean Catholic Church.

1963

Married Ibtisam, has 3 daughters and 1 son.

1967

Graduated with a B.Sc. in Economics and Political Science from Al-Mustansiriya University.

1969

Worked with the Iraqi Ministry of Oil, becoming Director of Planning and Development.

1979

Founded General Mediterranean Holding SA in Luxembourg.

1979

Fled to London following an extortion attempt.

1989

Became a British citizen.

1996

Officer of the Order of the Republic (Tunisia).

1996

Vice chair of Harvard Kennedy School at Harvard University from 1996 to 2000.

2000

Commander of the National Order of the Cedar (Lebanon).

2002

Grand Cordon of the Order of Independence (Jordan).

2002

President of the Anglo Arab Organisation (AAO) since its founding.

2003

Knight Grand Cross of the Royal Order of Francis I.

2003

Convicted of fraud in 2003 for involvement in a $504 million corruption scandal related to Elf Aquitaine.

2004

Coat of Arms approved by the College of Arms (England).

2004

Membership First Grade of the Lebanese Order of Merit (Lebanon).

2004

Knight of the Order of St. Sylvester (Vatican).

2005

Grao-Mestre da Ordem do Merito Anhanguera (Brazil).

2005

Honorary Member in the International College of Surgeons (Chicago).

2007

'The Presidential Prize' from the American University in Cairo.

2013

Freedom of the City of London.

2014

Knight Commander of the Most Distinguished Order of the Nation (Antigua and Barbuda) - later removed.

Nadhmi Auchi : FAQs

What is Nadhmi Auchi's net worth?

As of 2014, Nadhmi Auchi's net worth was $2.20 billion.

What are Nadhmi Auchi's main sources of wealth?

Nadhmi Auchi's main source of income comes from Real Estate.

In which industry does Nadhmi Auchi primarily operate?

Nadhmi Auchi is primarily involved in the Real Estate industry.

How old is Nadhmi Auchi?

Nadhmi Auchi is 88 years old.

How many children does Nadhmi Auchi have?

Nadhmi Auchi has 4 children.

What is General Mediterranean Holding and who founded it?

General Mediterranean Holding (GMH) is a conglomerate of 120 companies worldwide, founded and chaired by Nadhmi Shakir Auchi.

What are some of the major achievements and contributions of the Anglo Arab Organisation (AAO) under Nadhmi Auchi?

Under Nadhmi Auchi's presidency, the AAO donated to earthquake relief, built a school in Morocco, hosted charity events, and launched the 'Nadhmi Auchi fellowship for young Arab leaders' in collaboration with the American University in Cairo.

What controversies has Nadhmi Auchi been involved in?

Nadhmi Auchi was convicted of fraud in 2003 for his involvement in a $504 million corruption scandal related to Elf Aquitaine, for which he was fined $2.8 million and received a 15-month suspended jail sentence. He also sued Total (formerly Elf Aquitaine) for $327 million in the UK.