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...some of Khashoggi's business interests flagged, his somewhat quixotic interest in diplomacy seemed to rise. He came up with the idea, in 1985, of bringing Palestinians and Israelis together for peace talks through a steering committee of American, Egyptian and Jordanian officials. Later he accompanied Egyptian President Hosni Mubarak and Jordan's King Hussein when they visited the U.S. in 1985. Khashoggi proposed a $300 billion fund to develop the area, a kind of Marshall Plan that would serve as an incentive for peace negotiations. Late in 1985, using his DC-8, he visited eight heads of state...

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

...children, Khashoggi is not a merchant-statesman, but "Baba." His four sons and one daughter by his first wife, Soraya, are all students in the U.S. He and his second wife, Lamia, have a son Ali, 7, who lives most of the time at their house in Cannes. Although he considers himself a traditional disciplinarian and keeps his children on a budget, they do have fringe benefits: the older boys have been known to impress their dates with a tour of the family plane...

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

...Khashoggi first met Lamia in Milan when she was a 17-year-old named Laura Biancolini. When she married Khashoggi in 1978, she changed her name and converted to the Muslim faith (as had Soraya). Buxom and statuesque with blue, almond-shaped eyes, she is self-possessed and cool. She dresses according to the Joan Collins Dynasty handbook, complete with diamonds and decolletage. With her, as with her husband, more is definitely more. Her idea of casual is to wear a one-inch ruby-and-diamond ring with matching ruby earrings. Her 40- carat diamond wedding ring covers the lower...

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

...Khashoggi always seems to be surrounded by a claque of admirers, an entourage of curious and often comical characters. He is gratified by his friendships with the famous and the powerful, and in his office in New York City there are prominently displayed pictures of himself with Ronald Reagan, Henry Kissinger and Pope Paul VI. At Christmas in Marbella, a gaggle of lesser European royalty partook of "A.K.'s" hospitality. Among them was Count Jaime de Mora y Aragon, the brother of the Queen of Belgium, a rakish fellow with a monocle and a waxed mustache who comes across...

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

...persons who seem closest to Khashoggi is Shri Chandra Swamiji Maharaj -- Swamiji, for short. The bearded Hindu guru claims he can see into the future and the minds of mortals. The swami's brochure, which he gives out to the uninitiated, says "his Holiness has appeared on the scene as our real savior." On Christmas Eve at Marbella, the white-robed swami glided down the marble steps in the middle of dinner, with his 14 disciples arrayed behind him. In an interview with an Indian magazine, the swami was asked what brought the two men together. "We have many common...

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

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