Fidel Castro Net Worth – How Much Money Did The Cuban Dictator Really Have?

Last night time, Cuban dictator Fidel Castro died on the age of 90. Castro dominated Cuba for almost 60 years. He was a controversial determine who outlived and irritated 11 American Presidents. One of probably the most controversial facets of Fidel’s life was his private internet price. Castro’s critics had been fast to level out the irony of Fidel being price a large fortune whereas his countrymen starved. The controversy was so loud that Fidel periodically went out of his technique to tackle the monetary rumors. In April 2016, Fidel made some slightly uncommon and morbid proclamation about his private mortality and wealth. Addressing a packed Cuban Communist Party Congress that had simply re-elected his youthful brother to a different 5 yr time period as head of the celebration, Fidel remarked:

“Soon I’ll flip 90 years previous, by no means would such a factor have occurred to me and it is not the result of any effort; it was destiny’s whim. Soon I can be like everybody else. To all of us comes our flip.“

In different phrases, Fidel knew he would die quickly. Those feedback are mildly ironic when you think about the truth that if a median Cuban particular person made the very same assertion concerning the dictator, she or he would nearly definitely be arrested instantly.

Another matter that’s extraordinarily taboo for Cuba’s residents, one which turns into particularly related as he nears the tip of his life, is the non-public fortune and internet price of Fidel and the Castro household at massive. For instance, Fidel wouldn’t be completely happy if certainly one of his residents identified that in 1997 Forbes pegged his internet price at $150 million. Fidel would additionally not be completely happy to know that in 2003, Forbes pegged his private fortune at $1 billion. Fidel is so sad about these estimates the he truly threatened to sue the journal after their 2005 version got here out.

Fidel Castro Net Worth

When we right here at Celebrity Net Worth first began monitoring the Castro household again in 2010, we estimated that Fidel managed a $500 million fortune. Today we estimate his internet price to be $900 million. We additionally estimate that Fidel’s brother Raul Castro is price $100 million.

For his half, Fidel has passionately lashed out towards claims that he’s obscenely wealthy. In 2006, after Forbes estimated his fortune to be $900 million, Castro convened a particular tv look to deal with the claims about his wealth. The look lasted 4 hours and resulted in quotes like:

“If they’ll show that I’ve a checking account overseas, with $900 million, with $1 million, $500,000, $100,000 or $1 in it, I’ll resign.“

“If they show that I’ve a single greenback, I’ll resign my put up… there can be no want for plans or transitions…“

“It is so ridiculous to say I’ve a fortune of $900 million, a fortune with no heirs.“

Does Fidel protest an excessive amount of? Obviously this can be very troublesome to know precisely how a lot the dictator has managed to stash away through the a long time he has managed Cuba. However, in recent times a handful of outstanding Cuban enterprise individuals and exiles have come ahead to say that Castro controls maybe greater than a dozen industrial enterprises which have a collective worth of not less than $500 million primarily based on comparable companies overseas.

That quantity doesn’t keep in mind the estimated “a number of hundred million {dollars}” that Castro allegedly retains stashed in secret financial institution accounts everywhere in the world, primarily in Switzerland. It additionally doesn’t embody the worth of his Cuban actual property portfolio that can certainly enhance in worth dramatically because the United States eases journey and funding restrictions on the island. When taking these property into consideration, it is theoretically attainable that Fidel Castro is personally price a number of billion {dollars}. Obviously, he would disagree.

So how a lot was Fidel price? Hopefully time will shed some mild on these questions. And when it does, we’ll report again!