Gaddafi valued at $200 billion died as the richest man in the world

Beating King Abdullah of Saudi Arabia ten times over, and Carlos Slim three times over, the latest information released on Muammar Gaddafi placed him as the richest man in the world. With over $200 billion worth of wealth distributed amongst banks, real estate, and corporate investments around the world, senior Libyan officials state this figure is true through a LA Times article. Where did all this money come from? Well, Gaddafi had exclusive influence and personal control over Africa’s largest oil reserves for the past 41 years. He did not invest his national infrastructure assets such as hospitals or educational institutions like the other oil-rich leaders around. Any expense he did make was on purchasing the support of various African leaders. The rest of his money was kept safe in government institutions like the Central Bank of Libya and the Libyan Investment Authority. Gaddafi had complete access to these accounts and would use the money whenever the need arose.

Tags from the story
Written By