Swiss billionaire Marc Rich receives the Award Honorary Doctorates from Bar-Ilan University in Tel Aviv May 15, 2007 in this file picture. REUTERS/Gil Cohen Magen
LUCERNE, Switzerland (Reuters) - Billionaire Marc Rich, who invented modern oil trading and was pardoned by President Bill Clinton over tax evasion, racketeering and busting sanctions with Iran, died on Wednesday in Switzerland aged 78.
Rich fled the Holocaust with his parents for America to become the most successful and controversial trader of his time and a fugitive from U.S. justice, enjoying decades of comfortable privacy at his sprawling Villa Rosa on Lake Lucerne.
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