Adnan Khashoggi and his wife Lamia

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Adnan Khashoggi and his spouse Lamia at an Aids analysis fundraising occasion in 2005

Saudi arms seller Adnan Khashoggi, a billionaire businessman identified for his lavish way of life, has died in London on the age of 82.

His household stated in assertion that he died peacefully whereas being handled for Parkinson’s illness.

Mr Khashoggi grew to become one of many world’s richest males within the 1970s and ’80s by brokering worldwide arms offers.

His events have been legendary, typically lasting for days, however there was additionally controversy about his enterprise.

A press release from the household on Tuesday stated: “He lived his final days surrounded by his devoted household, youngsters and grandchildren, with the identical magnificence, energy and dignity that characterised his outstanding life. He’s survived by his spouse Lamia.

“AK was a pioneer who achieved international recognition in a golden age by means of his extraordinary enterprise achievements and famend generosity. Our father understood the artwork of bringing individuals collectively higher than anybody.

“He mixed industrial acumen with an over-riding loyalty to his nation, the Kingdom of Saudi Arabia. His work at all times furthered the pursuits of his nation.”

He most famously brokered arms offers between US companies and Saudi Arabia within the 1960s and ’70s, when he labored carefully with the Lockheed Company, now Lockheed Martin.

Later, Mr Khashoggi represented France in its race towards the UK to safe the preliminary $20bn al-Yamamah weapons-for-oil take care of the Saudis – a contract that also runs right this moment.

The character of his enterprise meant that their was at all times controversy, and in 1987 he appeared on the entrance cowl of Time journal below the headline: “These Shadowy Arms Merchants: Adnan Khashoggi’s Excessive Life and Flashy Offers”.

He frolicked in a Swiss jail within the 1980s – the place he reportedly dined on gourmand meals from the Schweizerhof Lodge – preventing extradition to the US after being accused of serving to to hide funds on behalf of former Philippines president Ferdinand Marcos and his shoe-loving spouse, Imelda.

The fees have been lowered, and he and Mrs Marcos have been finally acquitted.

Mr Khashoggi as soon as owned one of many world’s largest yacht, the 86-metre Nabila, which appeared within the James Bond movie By no means Say By no means Once more.

When his enterprise empire bumped into monetary issue, he handed the yacht to the Sultan of Brunei who offered it on to Donald Trump, now president of the US, for a reported $29m within the 1980s.

In 1997, a Paris courtroom ordered him to pay a $1.6m positive for smuggling 37 work into France in 1986, purchased in from the US on his non-public jet.

And in 1998, the on line casino at London’s Ritz Lodge settled out of courtroom its lawsuit towards Mr Khashoggi for £8m of playing money owed.

The businessman, whose late sister Samira was married to former Harrods chief Mohamed Al Fayed, was an uncle of Princess Diana’s remaining love, Dodi Fayed.