Arabian Business Power 500 2013
Thu 21 Mar 2013 10:28 AM
Charles & Maurice Saatchi
139

Charles & Maurice Saatchi

Industry: Media

Company: Saatchi & Saatchi

Designation: Founders

Country: UK (Iraq)

Charles Saatchi is the co-founder with his brother Maurice of the global advertising agency Saatchi & Saatchi, and led that business – the world’s largest advertising agency in the 1980s – until they were forced out in 1995. In the same year the Saatchi brothers formed a new agency called M&C Saatchi.

Charles is also known worldwide as an art collector and owner of the Saatchi Gallery, and in particular for his sponsorship of the Young British Artists (YBAs), including Damien Hirst and Tracey Emin.

Maurice, now known as Baron Saatchi, still serves as executive director at M&C Saatchi. He is chairman of Finsbury Foods and is a governor of the London School of Economics, the university from which he had earlier graduated with a first in economics. Maurice was a trustee of the Victoria and Albert Museum.

Both brothers have an estimated fortune of $333m, according to the Sunday Times.