The biopic about disgraced billionaire commodities trader Marc Rich has a writer. Matt Rager, who has worked on a trio of James Franco-directed pics, has come aboard to script The King of Oil. The film chronicles the life of Marc Rich, who rose from child of the Holocaust to immense wealth before being indicted on 65 charges.
Meanwhile, producer Uri Singer of BB Film Productions also said today that Steven Gordon of Nevets LLC will be funding the equity portion of the $20 million film, which is out to directors. Daniel Turcan and Midnight Road’s Vincent Sieber will produce alongside Singer.
Based on the book by Daniel Ammann, which BB Film acquired last year, the film follows Rich’s illegal oil dealings with Iran during the hostage crisis through his quiet cooperation with the Cuban, Israeli and U.S. governments. The Glencore founder never faced a judge or jury because he was in Switzerland when the indictments were handed down and never returned to the U.S. Rich famously was pardoned by President Clinton on his last day in office. The financier died in 2013 at 78.
All three of Rager’s feature writing credits have been on films directed by Franco. He penned As I Lay Dying, which premiered at Cannes in 2013, and The Sound and the Fury, which bowed at Venice in 2014. Rager also adapted In Dubious Battle, about an uprising by migrant workers in California’s apple country in the 1930s, which is in postproduction. The writer is repped by APA, Thruline and Jackoway Tyerman.