Marc Rich (born Marcell David Reich; December 18, 1934 – June 26, 2013) was an international commodities trader, hedge fund manager, financier and businessman. He was best known for founding the commodities company Glencore and for being indicted in the United States on federal charges of tax evasion and illegally making oil deals with Iran during the Iran hostage crisis. He was in Switzerland at the time of the indictment and never returned to the United States. He received a controversial presidential pardon from U.S. President Bill Clinton on January 20, 2001, Clinton's last day in office.
Rich was born in 1934 to a Jewish family in Antwerp, Belgium. His parents were working-class Jews who emigrated with their son to the United States in 1941 to escape the Nazis. His father opened a jewelry store in Kansas City, Missouri. The family moved to Queens, New York City in 1950, where Rich's father started a company that imported Bengali jute to make burlap bags. Rich's father later started a business trading agricultural products and helped found the American Bolivian Bank...
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