He aims high, targeting resource-rich or vulnerable third-world countries, and then finds a way of attaching a puppet string to the neck of that countrys president. State of the States: Kwara. Gilbert Chagoury is believed to worth $4.2 billion. Chagourys plans for the future include tying up the best of African industry to the resource needs of China, India and Latin America. Between him and his younger brother Ronald Chagoury, is the conglomerate, the Chagoury Group which owns close to a hundred businesses spanning construction, hospitality, energy, healthcare, industry, telecommunications, real estate and entertainment. Gilbert and his brother, Ronald, who have built a reputation as giants of global philanthropy, are among Africas richest men with generous donations to charitable projects around the world. Save my name, email, and website in this browser for the next time I comment. In a separate and unrelated matter, Ray LaHood, 75, who served as U.S. Secretary of Transportation from 2009 to 2013, paid a $40,000 fine to resolve a federal criminal investigation into LaHoods conduct related to a $50,000 financial transaction between LaHood and Baaklini in June 2012. At a 2009 Clinton Global Initiative conference, where business and charity leaders pledge to complete projects, the Chagoury Groups Eko Atlantic development nine square kilometers of Lagos coastal land reclaimed by a seawall was singled out for praise. A lock ( Get a D&B Hoovers Free Trial. Chagoury was known to have funded Aoun, a Lebanese government minister told then-Ambassador Jeffrey D. Feltman in 2007, according to a cable published by WikiLeaks that didnt go in detail about Chagourys relationship with Aoun. But no meeting ever happened, according to both Feltman and Chagourys spokesman. Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. Chagoury also contributed $1 million to $5 . During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. His family conglomerate now controls a host of businesses, including construction companies, manufacturing plants, flour mills and real estate. "Lagos's population is growing to 25 million," he said. Both men are on the board of the multi-billion Loatsad Promomedia Communications Consultancy. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, then about $600,000, and gave back $65 million to Nigeria; a Swiss conviction was expunged, a spokesman for Chagoury said. Ronald has and continues to incorporate new technologies and systems throughout various companies within The Chagoury Group to ensure the companies remain at their best. [1], Chagoury is married to Berthe, and they have two children. Let's check, How Rich is Ong, Keji Giwa estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Operating under the Chagoury Group an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria. Writing reviews may help others know more about this person. Abacha turned out to be one of the most notorious kleptocrats in history, stealing billions in public funds. Designed by FixIT Services. Others are Eko Hotel and Suites Lagos, Hotel Presidential Port Harcourt, Courdeau Catering, Convention Centre, Ideal Flour Mills Kaduna, Niger Delta Flour Mills, Grands Moulins Du Benin and Nigerian Eagle Flour Mills whose products include Semolina; popularly called Semo. Born on January 8th, 1946 in Nigeria to Lebanese immigrant parents, Gilbert's happy childhood years growing up as one of eight siblings gave him a sense of freedom and fearlessness familiar to many children growing up in Africa. They are also behind the over $6 billion Eko Atlantic project, which is an entirely reclaimed coastal city built in the upmarket Victoria Island area of Lagos and reserved exclusively for the high net worth individuals and corporate entities including some embassies. But I knew there was a vision for my life that was greater than I could imagine. I consider it a duty to give back.. It is said that both men share a lot in common in terms of big ambition, temperament, power and money. According to the Justice Department, on Oct. 21, Joseph Arsan at Chagoury's direction wired $30,000 to Ayoub, indicating on the wire form that the funds were for a "wedding gift." This website uses Cookies to improve User experience. Barely one year after its debut as a business-investigation-based -HLSI dogged by $20 million illegal transfer scandal Nigerian businessman Ronald Chagoury is the latest African name to show up in the Panama Papers. Gilbert the older of the duo has always maintained that the vision for his life was greater than he could imagine and considered it a duty to give back. Public Information Officer To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Ribadu would with regrets tell a foreign interviewer how Chagoury slipped through his fingers apparently on a tip-off. Ronald Chagoury keeps his personal and love life private. Hezbollah is classified as a terrorist organization by the U.S., which holds the group responsible for the 1983 bombing of the U.S. embassy in Beirut and a Marine barracks blast that year that killed 241 American servicemen. The ties between Chagoury and Aoun ended years ago in a dispute over oil franchises, said Michel de Chadarev, an official with Aouns party. Clinton's aide, Doug Band, even invited Chagoury to his wedding. Ronald Chagoury (born 8 January 1949) is a Nigerian businessman, the co-founder (with his billionaire brother Gilbert Chagoury), and CEO of the Chagoury Group. For the last three decades, Corallo said, Chagoury spent at least a few months each year in Beverly Hills, where he owns an 18,000-square-foot estate, once the home of actor Danny Thomas, with commanding views of West Los Angeles and the ocean. Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited, which is part of the Chagoury Group, a multinational business conglomerate based in Lagos, Nigeria. BUSINESS LEAKS gathered that Gilbert Chagoury began to court Tinubu from his early days as governor of Lagos State. Los Angeles, California 90012. Ronald returned to Nigeria after his education. He has ranked on the list of those famous people who were born on January 8, 1949. Christopher G. Chagoury holds a master degree in Business and Tax Law from Universit Panthon-Assas, Paris II and an LL.M. Contact 4? He has used some of that money to build political connections. Business Leaks is a publication of the International Center for Development Reporting (ICDR). He earned the money being a professional Businessperson. In the 1990s, Chagoury portrayed himself as an Abacha insider as he tried to influence American policy to be friendlier to the junta. Primary Income source Businessperson (profession). His parents, Ramez and Alice Chagoury were Lebanese immigrants who raised all their children in Nigeria, a country they had both come to love passionately. As you know hes key guy there and to us and is loved in Lebanon. KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. He said Chagoury last saw Hillary Clinton at a 2006 dinner. Based out of Lagos, Nigeria, Ronald Chagoury Jr. is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, a division of the Chagoury Group. Franklin further instructed that the signed letter was to be "delivered to Ronald Chagoury." The draft letter, also obtained by Fox News, was undated and addressed to Chagoury care of his firm South Energyx Nigeria Limited, a subsidiary of the larger Chagoury Group that is spearheading the Eko Atlantic real estate venture. Founded by Gilbert Chagoury and Ronald Chagoury Jr., The Chagoury Group operates within a variety of areas, including construction, real estate development, hospitality, hotels, telecommunication, information technology services, manufacturing, insurance, international financing, catering, and flour mills, among others. During a 2013 dedication ceremony in Lagos, just after Hillary Clinton left her post as secretary of State, Bill Clinton lauded the $1-billion Eko Atlantic as an example to the world of how to fight climate change. THIRD FORCE: THE FARCE AND FIASCO OF THE FIGHT. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. In the years afterward, Chagourys wealth grew. Let's check, How Rich is G, All You Need To Know About Tamara Hurwitz. Since the 1990s, Chagoury has also cultivated a friendship with the Clinton family in part by writing large checks, including a contribution of at least $1 million to the Clinton Foundation. He left Nigeria for Lebanon for his university education at College des Freres Chretiens. 26,665 likes. Your email address will not be published. He is ranked on the list of 2225 popular Businessperson. Clintons aide, Doug Band, even invited Chagoury to his wedding. Chagoury was born in 1946 in Lagos to Lebanese parents, and as a child attended school in Lebanon. Los Angeles Times. Chagoury has also donated to Republicans: He and his brother, along with Eko Atlantic, are listed as sponsors for a 2014 art exhibit at the George W Bush Presidential Center. After a review, Chagoury was refused a visa to enter the U.S. last year. All of the children studied at the American University in Paris and both Gilbert-Antoine and Christopher graduated from New York universities. He further admitted to making illegal conduit contributions causing campaign contributions to be made in the name of another individual. When General Abacha was struggling with ill-health, Chagoury had flown foreign doctors and equipment to Aso Rock. Baaklini also agreed to pay a $90,000 fine as part of his agreement and agreed to cooperate with the governments investigation. He walked the labyrinth of Nigerias power corridor through successive military regimes, striking gold under the late military strongman, General Sani Abacha, to whom he was a personal economic advisor. Ronald and the team are currently focused on the development of Eko Atlantic, a project for which Ronald Chagoury Jr. is Vice Chairman. Ronald Chagoury Jr. was born on January 8th, 1949 in Lagos State, Nigeria, to Lebanese immigrant parents, Ramez and Alice Chagoury. This Nigerian business-related biographical article is a stub. [], The Islamic Movement in Nigeria, a radical Shiite organisation that claims millions of followers, is riven by power struggles and bitterly divided over whether to move into mainstream politics. With a legion of political and business stooges, cronies and proxies working for him, he is able to conduct his affairs largely out of public glare while making several dress rehearsals to once again get his grip on the Nigerian presidency. Gilbert Chagoury, a major donor to the Clinton Foundation, was denied entry to the U.S. last year by the State Department. The billionaire was then shuttling London, Beirut and Dubai to attend to business issues until he finally settled for Paris as his new base where he was plucked to be part of Macrons France-Nigeria Business Council headed by Nigerian billionaire, Abdulsamad Rabiu. Dolphin Drilling wins $96 million contract in Nigeria. Now Ronald Chagoury's primary focus is finishing Eko Atlantic. Valuable research and technology reports. But with the coming to power of President Muhammadu Buhari, coupled with his mention in the then email scandal involving former United States first lady and Secretary Hillary Clinton, among other issues in the US, Chagoury mellowed for some time before he finally left Nigeria. All rights reserved. Suite 1200 -major contractor an offshore company registered in tax haven, British Virgin Islands. Central District of California (Los Angeles) All Rights Reserved. List of marketing cookies: Twitter pixel. Global Upfront Newspapers, published by AB Publications Ltd, is an independent newspaper with a mandate to produce daily up to date news reports, features, opinions and other special publications that will be useful and trusted by the reading public. Benue State-born Achief Thaddeus Atta, Under Labour Party, Defeats 2 Indigenous Lagosians Presidential Election: Hurricane Obi Sweeps South East, South South, Obi-Datti Presidential Campaign Cries Foul, Says INEC Is Throwing Nigeria Into Chaos, The Time Is Now To Prepare For China Conflict, U.S. Army Leaders Say, Take Your Grievances To The Courts, Not To The Streets, Buhari Tells Presidential Election Losers As He Congratulates Tinubu, Tinubu Writes Nigerians As President-elect, Says The Era Of Renewed Hope Has Begun. Not only did he give business advice to General Sani Abacha, Chagoury gave advice too to the then president of Benin Republic, Mathieu Krkou a military ruler turned politician who ruled his country for a total of 29 years. Upon returning to Nigeria he joined the Chagoury Group and now oversees various companies within the group. No matter how this group tries to mischaracterize these documents, the fact remains that Hillary Clinton never took action as secretary of State because of donations to the Clinton Foundation, spokesman Josh Schwerin said. They were not only close to the Abacha and Jonathan families, but also chummy with many other socialites, celebrities and power brokers. Stay on top of your Business Credit File . Ronald Chagoury (born 8 January 1949) is a Nigerian businessman, the co-founder (with his billionaire brother Gilbert Chagoury), and CEO of the Chagoury Group. Now ronald Chagoury & # x27 ; s aide, Doug Band, even invited Chagoury to his wedding lock. Has used some of that money to build political connections ; B Hoovers Free Trial and content, ad content! Christopher G. Chagoury holds a master degree in business and Tax Law from Universit Panthon-Assas, Paris II and LL.M! 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