Saturday, October 22, 2011

Gaddafi's Wealth Estimated To Be More Than $200 Billion

Assets: Gaddafi's son Saif bought this $15million (£10m) home in one of London's most affluent suburbs in 2009. It boasts a swimming pool, eight bedrooms, a sauna and a Jacuzzi. Daily Mail

As Libya Takes Stock, Moammar Kadafi's Hidden Riches Astound -- L.A. Times

New estimates of the former leader's assets — more than $200 billion — are called 'staggering.' If they prove true, he would rank among the world's most rapacious leaders.

Reporting from Washington — 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."

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My Comment: The legal hurdles that the new Libyan government will have to go through will be daunting, but with so much money scattered all over the place .... it will be worth it. The Daily Mail did an investigation on Gaddafi's wealth in March .... and were impressed.
As to what is my take ... I find this story to be unbelievable .... all that money .... enough to make you the richest man in history .... and you are now dead because some teenage kid playing rebel caught you in a sewer pipe. Hmmm ... something to ponder about.

Update: What will happen to Gaddafi's billions? Governments prepare to hand back the toppled tyrant's frozen assets -- Daily Mail

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