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The businessman with a taste for flamboyant neckties and Cuban cigars was celebrated for inventing the spot-oil market and later became one of the most wanted white-collar fugitives in American history for 17 years. Rich died in a hospital near his home in Switzerland early Wednesday, spokesman Christian Koenig said by telephone.
Rich fled to Switzerland hours before being indicted in 1983 on more than 50 counts of wire fraud, racketeering, trading with Iran during an embargo, and evading more than US$48-million in U.S. On the last day of his presidency in January 2001, Clinton pardoned Rich, who repeatedly maintained his innocence. Rich ran a multibillion-dollar empire that stretched from Russian nickel mines through Malaysian tin deposits and into trading rooms in London, Hong Kong and New York. Rich’s exact fortune was a mystery, though his assets were estimated at more than US$1.5-billion.
Eventually, Rich’s companies pleaded guilty to 35 counts of tax evasion, paying US$90-million in fines, leaving the commodities trader known through the industry as “el matador” for his ability to avoid disaster facing a potential prison term of more than 300 years if he ever returned to the U.S.
In 1988 and 1989, investigators learned that a Rich- controlled company named Clarendon sold almost $30 million of nickel, copper and zinc to the U.S.


Marc Rich began a business degree at New York University, dropping out in 1954 to work at trading company Philipp Brothers, where he later helped run operations in Bolivia, Cuba and Spain. Mint and that the Interior Department had approved a request from the government of the U.S.
18, 1934, in the Belgian city of Antwerp as the only child of David Rich and Paula Rich-Wang, according to his website. Swindon Elementary School, Westport Junior High School and Southwest High School in Kansas City.
Rich’s father then started an agricultural trading company and helped found the American Bolivian Bank with partners he worked with previously. Secretary of State Henry Kissinger and opera tenor Placido Domingo as friends, lived in a $9.5 million home on Spain’s Costa Brava coast and even co-owned 20th Century Fox studios. Rich’s firm was where Ivan Glasenberg, who was part of the US$1.2-billion management buyout and is now chief executive officer of Glencore Xstrata, learned the commodities trade. Department of Justice officials involved in prosecuting Rich characterized it as “outrageous” and “disgusting.” Rudolph Giuliani, who was a federal prosecutor when Rich fled, said he was shocked by the presidential order and called for a congressional investigation into the matter by the House Government Reform Committee.


In 1985, congressional investigators discovered that Rich’s Swiss-based grain operation, Richco, had racked up almost US$100-million in sales through an Agriculture Department subsidy program designed to help foreign nations purchase U.S.
Virgin Islands that allowed Rich to finance its purchase of a US$45-million alumina plant in St. When his father decided to start a jewelry business on East 11th Street in New York, Rich went to Forest Hills High School and then Manhattan’s Rhodes School.
He also received three honorary doctorates, from Bar-Ilan University, Ben Gurion University and Tel Aviv University for his philanthropic work.
He was divorced from second wife Gisela Rossi and is survived by his daughters Ilona Schachter- Rich and Danielle Kilstock Rich. He donated generously to charities and museums in Switzerland and Israel, and helped bankroll the Jamaican Olympic team and Zurich Opera.



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