Gilbert Chagoury Explained

Gilbert R. Chagoury
Birth Date:8 January 1946
Birth Place:Lagos, British Nigeria
Education:College des Frères Chretiens
Occupation:Businessman
Diplomat
Philanthropist
Spouse:Rose-Marie Chamchoum
Children:4
Relatives:Ronald Chagoury (brother)

Gilbert Ramez Chagoury (born 1946) is a Nigerian billionaire businessman,[1] diplomat and philanthropist.

Early life

Gilbert Chagoury is a Lebanese Nigerian who was born to Lebanese immigrant parents in Lagos, Nigeria.[2] He studied at the Collège des Frères Chrétiens in Lebanon before returning to Nigeria.

Business

In 1971, he co-founded the Chagoury Group with his younger brother Ronald Chagoury,[3] [4] an industrial conglomerate with interests in construction, real estate and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, IT, catering and international financing.[5] Gilbert and Ronald Chagoury founded C & C Construction in the late 1970s, which was the forerunner of Hitech and ITB (these now form the Construction Division of the Chagoury group of Companies).[6]

Through their ownership of the Chagoury Group, Gilbert Chagoury and his family have an estimated wealth of $4.2 billion.

Diplomacy and politics

He served as an Ambassador and Adviser to governments in Africa and the Americas. He has also served as Ambassador to the Vatican for St. Lucia, economic adviser to President Mathieu Kérékou of Benin, and ambassador to UNESCO.[7]

Chagoury was a close associate of Nigerian dictator, General Sani Abacha, who helped his business interests in the country. After Abacha died in 1998, Chagoury returned an estimated $300 million to the Nigerian government to secure his indemnity from possible criminal charges.

Chagoury is a major donor to the Clinton Foundation.[8]

In 2010, the U.S. Department of Homeland Security apologized to Chagoury after detaining him at Teterboro Airport for over four hours because of inclusion on a no-fly list.[9]

In 2018, the Lebanese-Nigerian billionaire and two of his associates agreed to resolve a federal investigation that they conspired to violate federal election laws by scheming to make illegal campaign contributions to U.S. presidential and congressional candidates, including Nebraska representative Jeff Fortenberry.[10] Fortenberry was eventually convicted of lying to federal officials about these contributions and announced his resignation effective 31 March 2022.[11]

Philanthropy

He is a key benefactor for St. Jude Children's Research Hospital in Memphis, Tennessee, and his private contributions have improved health care and public infrastructure of Miziara, Northern Lebanon, home to both his and his wife's family.[12] He serves on the board of the Lebanese American University where he provided a donation of $10 million to fund the Gilbert and Rose-Marie Chagoury School of Medicine and $3.5 million for the construction of the Alice Ramez Chagoury School of Nursing.[13]

The Louvre's Gilbert et Rose Marie Chagoury Gallery is named for them, housing a permanent exhibit including French works donated by the Chagourys.[14] He has donated in excess of $340,000 for the renovations of the Church of Our Lady of Lebanon in Paris, France.[15] He has also donated US$10,000 to the Beverly Hills 9/11 Memorial Garden in Beverly Hills, California.[16]

Personal life

He has been married since 1969 to Rose Marie Chamchoum. They have four children.

External links

Notes and References

  1. News: The Richest People In Africa 2013 . Ventures Africa . 9 October 2013 . 15 January 2015 . 17 April 2015 . https://web.archive.org/web/20150417213153/http://www.ventures-africa.com/2013/10/richest-people-africa-2013/ . dead .
  2. News: Ermshwiller, John R. . Bill Clinton's Complicated World: Donor to Former President's Foundation Had Business Ties to Nigerian Dictator . The Wall Street Journal . 20 December 2008 . 14 January 2015.
  3. Book: Africa South of the Sahara. 103. Taylor & Francis, The University of Michigan. 2007. 9781857434217. 23 April 2015.
  4. News: How the private sector is slowly but surely rebuilding Nigeria. Martz publishing. 23 April 2015.
  5. Web site: Log In ‹ Chagoury-Group — WordPress. chagourygroup.com.
  6. Web site: Chagoury Construction intro . 14 January 2015 . 29 December 2021 . https://web.archive.org/web/20211229001022/http://chagouryconstruction.com/intro.html . dead .
  7. Web site: To the Ambassador of Saint Lucia to the Holy See (December 1, 2005) | BENEDICT XVI. www.vatican.va.
  8. Web site: Newly released Clinton emails shed light on relationship between State Dept. And Clinton Foundation | CNN Politics. CNN. 10 August 2016.
  9. Web site: US Apologizes to Billionaire Added to Terror No-fly List . ABC News . 25 March 2022 . en.
  10. Web site: Lebanese-Nigerian Billionaire and Two Associates Resolve Federal Probe into Alleged Violations of Campaign Finance Laws. 31 March 2021.
  11. Web site: Solender . Andrew . Rep. Jeff Fortenberry resigns after conviction . Axios . 29 March 2022.
  12. Web site: https://www.stjude.org/error/404.html. www.stjude.org. 15 August 2023. 9 July 2019. https://web.archive.org/web/20190709070058/https://www.stjude.org/error/404.html. dead.
  13. Web site: Alice Ramez Chagoury School of Nursing . 27 September 2010 . https://web.archive.org/web/20100629053625/http://campaign.lau.edu.lb/news/archive/gilbert_chagoury_gives_lau_grant_to_help_fund_nursing_school/ . 29 June 2010 . dead .
  14. Web site: The Louvre . 27 September 2010 . https://web.archive.org/web/20110615185027/http://www.louvre.fr/media/repository/ressources/sources/pdf/src_document_53589_v2_m56577569831198860.pdf . 15 June 2011 . dead .
  15. Web site: Notre-Dame-du-Liban à Paris. 16 October 2022.
  16. Web site: Beverly Hills 9/11 Memorial Garden . 11 September 2013 . https://web.archive.org/web/20160303215233/http://beverlyhills911memorial.com/supporters.php . 3 March 2016 . dead .