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High above the clouds, at 35,000 ft., Adnan Khashoggi's DC-8 is cruising noiselessly toward his estate in Marbella, Spain. His guests, sipping 1961 Chateau Margaux from crystal goblets with triangular silver bases, lounge on the jet's cream-colored chamois-and-silk banquettes. His masseur, his valet, his barber and his chiropractor -- they accompany him everywhere -- are relaxing as well because "A.K.," as he is known to his employees, is fast asleep on the $200,000 Russian sable spread covering his 10-ft.-wide bed in one of the plane's three bedrooms...

Author: /time Magazine | Title: Businessman Adnan Khashoggi's High-Flying Realm | 1/19/1987 | See Source »

...those who work for him, Adnan Khashoggi is not a constellation but the very center of a mysterious and splendiferous universe. His is a dazzling and ostentatious realm of luxury beyond the dreams of Croesus, a shadowy sphere of deals, arms brokering and billion-dollar investments. But with Khashoggi's well-publicized role as the middleman in America's arms-for-hostages deals with Iran, light has been cast on the sometimes shaky financial state of his private and public dealings. Like the arms sales to Iran, several of his recent investments have been ill-conceived, botched deals...

Author: /time Magazine | Title: Businessman Adnan Khashoggi's High-Flying Realm | 1/19/1987 | See Source »

...Khashoggi's problems are in keeping with the way he operates. In an age of ubiquitous M.B.A.s and computer transactions, Adnan Khashoggi is a wily and gracious trader, an exemplar of the Arab-Islamic values of daring, cunning, loyalty and generosity. For him the deal is the thing, the only thing. Business, love, politics, diplomacy -- they are all forms of dealmaking. He proudly admits that he dissembles, uses women, flaunts his wealth to get an agreement. "When I am trying to broker a deal," he says animatedly, "in diplomacy or business, I don't tell the truth to both sides...

Author: /time Magazine | Title: Businessman Adnan Khashoggi's High-Flying Realm | 1/19/1987 | See Source »

...said, "The President says he doesn't know, and I assume he is telling the truth. The fact is that after weeks of investigation, we know relatively little about that diversion." He added that his committee hopes to hear from foreign participants, including Israeli officials and Saudi Arms Merchant Adnan Khashoggi...

Author: /time Magazine | Title: Not Much Wiser Than Before | 12/29/1986 | See Source »

...London, Saudi Billionaire Adnan Khashoggi arranges a meeting between Ghorbanifar and Israeli arms dealers...

Author: /time Magazine | Title: The Iranscam Trail | 12/22/1986 | See Source »

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