Qaddafi Was Worth More Than $200 Billion By Far The Richest Person In The World Business

By Gus Lubin | Business Insider – Sat, 22 Oct, 2011 10:08 AM EDT

Muammar Qaddafi was three times as rich as Carlos Slim and ten times richer than King Abdullah of Saudi Arabia — easily the richest man in the world.

Qaddafi was supposedly worth over $200 billion with assets in bank accounts, real estate and corporate investments around the world.

This staggering new estimate comes from senior Libyan officials and seems to be legitimate, according to the LA Times.How did he get so rich?”King of Kings” Qaddafi had uncontested personal control over the largest oil reserves in Africa for the past 41 years.Unlike Abdullah and other oil-rich leaders, Qaddafi invested little money in national infrastructure like schools and hospitals or any kind of economic diversification. What money Qaddafi did spend went largely to buy support from African leaders.While much of this money was held by government institutions like the Central Bank of Libya and the Libyan Investment Authority, Qaddafi was able to withdraw money at will. Read more details at the LA Times >

One Response to “Qaddafi Was Worth More Than $200 Billion By Far The Richest Person In The World Business”

  1. sudhan Says:

    ‘Our Muslim Leaders’ are not cheap; they are an expensive, very expensive, commodity in the world market. They are worth more than all the gold of the Middle East and Africa. But only one Superpower keeps them in its pocket!

    Just look at the oddities in this changing list. Brother Qaddafi of Libya, Brother Saleh of Yemen, Zionist Brother Mubarak of Egypt, Brother Abdullah of Saudi Arabia, Uncle Hussain and his son ‘His Majesty’ (not a Brother!) Abdullah from Jordan, Assad from Syria, Karzai from Afghanistan, the late Benazir Bhutto, her husband Zardari, Gen. Zia and Gen. Musharraf from Pakistan, etc. etc. are some of the obvious examples from recent history.

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