Khalid bin Mahfouz
Khalid bin Mahfouz
Khalid bin Mahfouz was a wealthy Saudi Arabian businessman residing in Ireland. He was accused of supporting al-Qaeda. As of 2002, he was believed to be confined in a hospital in Taif by Saudi authorities. He died on August 16, 2009 of a heart attack.
Biography
Khalid bin Mahfouz's personal information overview.
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    FIFTIES
  • 2009
    Age 59
    Died on August 16, 2009.
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  • 2008
    Age 58
    With a personal wealth estimated to be around $3.2 billion, Bin Mahfouz ranked 24th in Arabian Business magazine’s list of the world’s most influential Arabs in 2008. In the same year, Bin Mahfouz ranked number 214 in Forbes Billionaires List After the September 2001 terrorist attacks on New York and Washington, in which 15 of the 19 hijackers were Saudis, considerable suspicion fell on Saudi financiers and charities as sources of financing for terrorism.
    More Details Hide Details Khalid Bin Mahfouz faced accusations in books, newspapers and magazines that he and his family had funneled money to Al Qaeda. Bin Mahfouz successfully pressed publications for accusations corrections and public apologies. For example, many British and American Media and authors referred to Bin Mahfouz as the brother-in-law of Osama bin Laden, which he was not. Many newspapers published corrections. Khalid bin Mahfouz was the second eldest son of Salem Ahmed bin Mahfouz, a Saudi who rose from being an illiterate moneychanger to the founder of the first bank in his country, the National Commercial Bank of Saudi Arabia (NCB). Salem Ahmed then became the personal banker of the Saudi royal family. He handed management of NCB, the largest bank in the country, to Khalid sometime in the 1980s. In the 1970s Khalid bin Mahfouz bought and lived in a $3.5 million chateaux-style house, later named "Versailles," in the River Oaks area of Houston. He also bought a four thousand acre (16 km²) ranch along the Trinity River in Liberty County, Texas, near the ranch of James Bath. Another of his estates, resting on 121 acres, was reportedly put up for sale at auction on April 11, 2013 with a guide price of 2.4 million euro.
  • 2006
    Age 56
    Bin Mahfouz was married with three children. His personal net worth was $3.2 billion in 2006, making him one of the richest people in the world at the time; his family fortune was estimated to have been worth over $4 billion.
    More Details Hide Details This allegation came from high profile people, book authors and well respected newspapers in the US and Europe such as The Wall Street Journal and The Washington Post. All turned out to be based on false information. For example, James Woolsey, former Director of CIA, testified to a congressional sub-committee that Khalid Bin Mahfouz was a brother-in-law of Osama Bin Laden. He later on told Los Angeles Times 'I don't know what to say other than there was some confusion, but I never meant to refer to Bin Mahfouz's sister'. " The Wall Street Journal issued a correction. “None of Khalid bin Mahfouz's sisters is, or ever has been, married to Osama bin Laden." " Bin Mahfouz was a non-executive director of Bank of Credit and Commerce International, a financial conglomerate later convicted of money laundering, bribery, support of terrorism, arms trafficking, and many other crimes. Mahfouz personally owned a 20% stake in BCCI. He was indicted by a New York state grand jury for fraud but denied any culpability. The fraud charges were settled for $225 million in lieu of fines. Mr. bin Mahfouz has claimed that he simply settled as a business decision rather than using resources to fight further.
  • 2002
    Age 52
    There have been numerous allegations that Khalid bin Mahfouz has been named a terrorist financier by the United Nations. The controversy springs from a report prepared by French investigator Jean-Charles Brisard and his research agency, the JCB Consulting Group, for the President of the Security Council of the United Nations in December 2002.
    More Details Hide Details In this report Khalid was listed as one of seven "main individual Saudi sponsors of al Qaeda."
  • FORTIES
  • 1990
    Age 40
    In 1990 Khalid bin Mahfouz acquired Irish citizenship through inward-investment procedures.
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  • CHILDHOOD
  • 1949
    Born
    Born on December 26, 1949.
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