Khashoggi also appeared in Lifestyles of the Rich and Famous in 1985 with host Robin Leach which showcased Khashoggi's extravagant lifestyle.
In the 1980s, the Khashoggi family occupied one of the largest villa estates in Marbella, Spain, called Baraka, hosting lavish parties. Guests at these parties included film stars, pop celebrities and politicians. In 1985, celebrity reporter Robin Leach reported Khashoggi threw a five-day birthday party in Vienna for his eldest son, and in his heyday, Khashoggi spent $250,000 a day to maintain his lifestyle. He continued to spend lavishly even when he encountered financial problems. His net worth was said to have been down to about 8 million in 1990. Due to his extravagant lifestyle, he was called the Great Gatsby of the Middle East.