The Rich Boys
Encyclopedia
The Rich Boys refers to an elite circle of oil and mineral trading figures under the tutelage of one-time fugitive financier Marc Rich
, as identified in a July, 2005 investigative report by journalist Marcia Vickers for BusinessWeek
magazine.
Marc Rich
Marc Rich is an international commodities trader and entrepreneur. He is best known for founding the commodities company Glencore. He was indicted in the United States on federal charges of illegally making oil deals with Iran during the late 1970s-early 1980s Iran hostage crisis and tax evasion...
, as identified in a July, 2005 investigative report by journalist Marcia Vickers for BusinessWeek
BusinessWeek
Bloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
magazine.
Key figures
- Ben R. PollnerBen R. PollnerBen R. Pollner, born in 1941 in New York, is an American businessman. He is the founder of Taurus Petroleum, Geneva, created in 1993, and remains today Chairman and Chief Executive Officer.- Biography :...
- Ivan GlasenbergIvan GlasenbergIvan Glasenberg, is the CEO of Glencore, one of the world's largest commodity trading companies. He is also on the boards of mining companies Xstrata plc and Minara Resources Ltd.-Background and early career:...
- Patrick Maugein
- David "Bay" Chalmers
- Pincus "Pinky" GreenPincus GreenPincus Green is an American oil and gas commodities trader whose net worth is estimated by Forbes magazine at $1.2 billion USD. Green fled the United States in 1983, along with partner Marc Rich, after being indicted by U.S...
, co-indictee of Rich. - Willy Strothotte (via GlencoreGlencoreGlencore International plc is a multinational mining and commodities trading company headquartered in Baar, Switzerland and with its registered office in Saint Helier, Jersey...
, MinaraMinara ResourcesMinara Resources Ltd is one of the major mining companies of Australia, specializing in the exploration of cobalt and nickel. Based in Perth, Minara Resources was founded in 1994 as the successor to Anaconda Nickel Ltd. which was founded by Fortescue Metals Group chief Andrew Forrest; it...
, XstrataXstrataXstrata plc is a global mining company headquartered in Zug, Switzerland and with its registered office in London, United Kingdom. It is a major producer of coal , copper, nickel, primary vanadium and zinc and the world's largest producer of ferrochrome...
).
Affiliated companies
- Glencore International AG of Switzerland
- Minara Resources Ltd of Australia
- TrafiguraTrafiguraTrafigura is an Amsterdam-based multinational company founded in 1993 trading in base metals and energy, including oil. the company had equity of more than $2 billion and a turnover of $73 billion that generated $440 million of profit....
of Switzerland; known for its involvement in the 2006 Ivory Coast toxic waste spill. - Marc Rich & Co, predecessor to Glencore.
- Zug, Switzerland Masefield Group
- Novarco, a White Plains (N.Y.) commodities-trading business established by Rich in 1997; its oil contracts in 2002 to Richmond (Va.)-based Dominion Resources Inc, according to company reports.
External links
- http://www.businessweek.com/magazine/content/05_29/b3943080.htm