The New Bourgeoisie of the Gulf

by James Paul
published in MER142

A blue helicopter flies out over the harbor at Nice, landing gently on an enormous yacht of teak and mahogany, swaying gently at anchor. The passengers step out: A correspondent and photographer from the Spanish photo magazine Hola! are arriving to get a feature story on ‘Adnan Khashoggi, flamboyant Saudi millionaire, reputed to be one of the world’s richest men. Khashoggi emerges to greet them in a white suit, then shows them around his plush vessel, introduces his beautiful Italian wife and gestures to the many white telephones from which he does business all over the world. Amid the grandeur, Khashoggi admits he has recently had a few setbacks: A business deal in Salt Lake City has lost some $70 million. But overall business is prospering, he reports.

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