Wednesday, March 2, 2011

Ruling Libya Has Been Good For The Gaddafi Family

Floundering tyrant: Gaddafi, pictured last night as he made a series of bizarre statements, has had billions of pounds worth of his assets frozen along with his daughter and four sons

The Dictator's Dough: Astonishing Wealth Of Gaddafi And His Family Revealed -- The Daily Mail

The astonishing wealth of Libyan tyrant Muammar Gaddafi and his family has been laid bare as countries around the world begin freezing billions of dollars worth of their assets.

The U.S. alone has seized $30billion (£18.5bn) of their investments, while Canada has frozen $2.4bn (£1.5bn), Austria, $1.7bn (£1bn) and the UK, $1bn ($600m).

These assets appear to be just the tip of the iceberg, as no one is yet certain exactly what the family owns around the world.

But they include an enormous portfolio of properties in the West End theatre and shopping district of London - worth $455m (£280m) as well as $325m (£200m) in shares in Pearson, the owner of the Financial Times and Penguin books.

Read more ....

My Comment: The key sentence in this Daily Mail report is the following ....

.... These assets appear to be just the tip of the iceberg, as no one is yet certain exactly what the family owns around the world.

Indeed.

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