You want to talk about money? Real, crazy, “staggering” sums of money? The conversation apparently begins and ends with Moammar Kadafi, who died with an estimated $200 billion fortune according to incredible new reports.If the new estimates are correct, his secret fortune was worth more than the net worths of the three richest men in the world – combined!
Based on data from Forbes (3/11/2011):
1. Carlos Slim $74 billion
2. Bill Gates $58 billion
3. Warren Buffett $39 billion
This weekend the Los Angeles Times is reporting that the Colonel had them all beat…
Moammar Kadafi secretly salted away more than $200 billion in bank accounts, real estate and corporate investments around the world before he was killed, about $30,000 for every Libyan citizen and double the amount that Western governments previously had suspected, according to senior Libyan officials.
The new estimates of the deposed dictator’s hidden cash, gold reserves and investments are “staggering,” one person who has studied detailed records of the asset search said Friday. “No one truly appreciated the scope of it.”
If the values prove accurate, Kadafi will go down in history as one of the most rapacious as well as one of the most bizarre world leaders, on a scale with the late Mobutu Sese Seko in Zaire or the late Ferdinand Marcos in the Philippines.
Crazy and rich. Kadafi was a hip hop star before hip hop was even invented. He was running around with golden guns and harems full of big-breasted women since Diddy was in diapers. He was also a monster who ordered terrorist attacks and ruled a population of 6.5 million people by enriching a couple hundred thousand loyalists who kept the country in line through violence and kept him on the throne for decades.
Kadafi had been starving the eastern half of the country (where the people were not loyal to his family) while making investments all over the world using the state-owned bank and oil company as the conduits. The fact that he was able to siphon off so much wealth over the years is simply amazing.
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