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Late Gaddafi, The Richest Person In The World

Muammar Gaddafi 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.

Gaddafi 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” Gaddafi had uncontested personal control over the largest oil reserves in Africa for the past 41 years. Unlike Abdullah and other oil-rich leaders, Gaddafi invested little money in national infrastructure like schools and hospitals or any kind of economic diversification. What money Gaddafi 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, Gaddafi was able to withdraw money at will. Agencies

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Posted by on October 25, 2011. Filed under HEADLINES, INTERNATIONAL NEWS. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

99 Responses to Late Gaddafi, The Richest Person In The World

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  1. ernesto

    October 25, 2011 at 11:24 pm

    what more would u ask 4rom a leader, who iz able 2 provide free educatiom en Heaith,no intrest on loans?

  2. muyuz

    October 26, 2011 at 1:22 am

    He failed 2 escape sad it wont make a gud movie,
    he cud have gone any were in the world but i guess africans dont have a get away plan,when shit hits the fan.

    • Mundimvamadzi

      October 26, 2011 at 12:46 pm

      Idiot! were Saddam and Bin Laden Africans? wat were their exit plans?

    • Load-Shedding United

      October 26, 2011 at 3:34 pm

      Gaddafi said he would remain and die in Libya. He did just that. It’s not like he did not have an exit plan, he actually planned to REMAIN AND DIE in Libya.

  3. GonZallez

    October 26, 2011 at 1:35 am

    Gadaffi died a heroe,he could not abandone his people and he simply died for that.Gadaffi was muderd coz he was a threat to the western world,the western world can not do without Africa and thats why they are remotly colonising us.Oil is the main issue here (amafuta).It will take a lot of uniting and blood shed for africa to be independent and thats why our fellow zimbabwans have gone thru agony,coz their leader stands firmly and hence the sanctions.They are now killing anyone proving to be smart than them,that was mudder…we need to work up.

    • JK

      October 26, 2011 at 3:31 pm

      GonZallez – Firstly your English is so bad please go back to school. Gaddafi a hero? He was a pychotic despot who deserved what he go, a murdering bast**d. How can you support Mugabe when his own people are starving whilst his wife plunders Zimbabwe’s wealth. It’s idiots like you who give Africans a bad name.

  4. jay tee

    October 26, 2011 at 6:49 am

    so whats the meaning of all this money?nothing.he isnow gone and left all the money to waste not even family memebers will enjoy it because they are paying for their fathers sins.they are all on the run.am more richer a 100 times than gadafi because if i died today atleast my family will be at liberty to enjoy the work of my hands.

  5. chagika

    October 26, 2011 at 7:24 am

    Yes, he may had such money, but he was not selfish enough to deserve death. which other leader provides such services he provided to the Libyan people? free medical, education, electricity, interest free bank loans etc

  6. Gnice

    October 26, 2011 at 7:35 am

    Then were does bill gates stand?

  7. not_Gaddafi

    October 26, 2011 at 8:12 am

    How did Forbes miss this? Here i was thinking we dont have billionaires in Africa! Oops, I mean HAD a billionaire so I guess Carlos Slim reclaims the title. :D

  8. masauso lungu

    October 26, 2011 at 8:29 am

    what shall it profit man to own the entire world and later lose his life?the issue of the second coming of the son of man is real and this time not coming as a saviour but a judge and man shall be judged according to deeds.the killing of the three african leaders who took the law in there hands is a great lesson to the world at large,the world belong to God man is here as a visitor and not to stay permanent.we should have respect for human kind and dont take things for granted simply because you are super powers with alot of money.for me money is yours but i deserve respect and dont condon to be mistreated at all cost

  9. Kolozi Mbuzi

    October 26, 2011 at 8:30 am

    Back to the BIBLE teaching in Eccl. God makes a fool toil for his wealth and only to be given to those God choses.

    Same for all fools: Kafupi, Mobutu, Gaddafi, etc

    • tumfwikishe

      October 26, 2011 at 4:44 pm

      lesa pakonaula ababifi alakosha imitima yabo ukutwalilila ukucita ibifi elo panuma abonaula.remember the fall of king nebucadnezzar..he ran mad lost all the beauty he had..and later died in sin.

  10. Kalembe Kafyuke

    October 26, 2011 at 8:36 am

    Qaddafi was selfless. His only problem was that he thought he was the only selfless leader in the whole of Libya. Had he allowed change of power, he could have left a good legacy. Now he thought he was the saviour of Libya and any other leader would lead Libya to ruins according to him. African leaders must learn from this by not thinking they are the saviours of their countries. There is only one saviour Jesus Christ.

  11. [email protected]

    October 26, 2011 at 8:48 am

    I love these stories. No evidence at all. Just a story. This was never published by Forbes all this time.

  12. maibwe m m

    October 26, 2011 at 11:01 am

    all that is too much

  13. maibwe m m

    October 26, 2011 at 11:02 am

    but i dont think so

  14. maibwe m m

    October 26, 2011 at 11:05 am

    i think the western world killed this hero so that they may have oil

  15. lawyer!

    October 26, 2011 at 11:37 am

    i have seen at least 40 different spelling for Gaddafi so far, on this site alone

  16. zhala j

    October 26, 2011 at 11:38 am

    maibwe is right,the issue here is oil if not, why dont they kill mugabe as well if their aim is to save the nation.remember the western world is business minded they will never do anything for free,not even for NGOs.please watch out.

  17. Mwansa Mambwe E

    October 26, 2011 at 11:55 am

    think wisely before u make judgment, who was Gaddafi, how did he ascend to power, how did he treat his people,why those free everything? critically analyse the trend and then find the answer to this puzzle,why was he resisting the demand of the people? the west may be interested in that oil but why do african leaders want to stay on to power when change is demanded? it is because they do not work for the people but for themselves. Gaddath wanted to be killed because he had dirty hands which he did not want other people to know. learn to be leader not a boss or colonel.

  18. quila life

    October 26, 2011 at 12:06 pm

    Gaddafi really did great for his country. from what i think, Gaddafi worked harder than any other African president but it’s unfortunate that he started well but ended up poorly.

  19. MONSIUER

    October 26, 2011 at 1:05 pm

    Someone can a lot of money,educated have what ever
    but without CHRIST all are fake for they are for a short period of time.

  20. Mannkas,Lumwana

    October 26, 2011 at 1:17 pm

    The bottom line is, he was mean.Had that country been Zambia, it was going to be over three times as worse as our economy.

  21. zhala j

    October 26, 2011 at 1:29 pm

    GADDAFI DID A LOT FOR HIS COUNTRY,OF COURSE HE WAS HUMAN, HE MADE SOME MISTAKES IN CERTAIN AREAS. IN THE END HE DECIDED TO BE A DEAD HERO THAN A LIVING COWARD.WHAT EVER WISE PEOPLE LIKE MAMBWE WOULD SAY OIL IS STILL THE ISSUE.

  22. kwaza kuwutuka

    October 26, 2011 at 2:30 pm

    i dont understand why some people support wrong things, is it because they were born wrongly or what?do you know how many libyans died coz of gadaffi? you always have wrong answers and you even justfy your wrong answers, abakalamba nga bakweba ati ubuchende bubii, iwe ati, pakulekokonka eko twasumukile,

  23. Banakulu pipo

    October 26, 2011 at 2:41 pm

    Sad – and to be put in a meat storage, ine I feel sorry and wonder if any more meat will ever be stored there again. I remember reading somewhere that he is the one who gave us those green uniforms for our prisoners, is that right?? But all the same rich or poor, we all end up the same way, our souls are gone long before we are buried, so whether put in a gold casket and buried in some beautiful park or in a straw mat and thrown away in some desert, we either go to heaven or hell and nobody has yet come back to tell us who is where, etc. RIP ba Sir.

  24. citizen

    October 26, 2011 at 2:56 pm

    what a shamefull death. he has paid for his sins, if i was one of the ntc rebels, i would hav shot gaddaffi myself. i thank the rebels who shot him, it would have be some other costs to keep him alive. thank God the idiot is gone, all those surpoting them are also idiots. viva NATO, do the same to malawi coz AU is an idiot, cant even solve a single african problem. zuma your fellow idiot friend is gone

  25. r3yNarDts

    October 26, 2011 at 4:51 pm

    He deserves it and more!

  26. new

    October 26, 2011 at 4:53 pm

    And now there will be democracy, gone are the freebies like no interest-free electricity etc.
    the wealth of the country will go to the worlds 1%
    and the people of Libia will be taxed to the hilt
    to rebuilt their country and never will see a penny of their countrys wealth

  27. kafue muntu

    October 28, 2011 at 12:03 pm

    now you see how wealth can be wasted? such huge amounts of money could have benefited a lot of vulnerable children and even the poor in need. he kept all the money to himself, what for?

    gaddafi has died a very poor man’s death despite him being considered as the “late but richest” person. whats the use of having all that money if you die without using even 50% of it?????????? arrrrgh such wasting.

  28. new

    October 30, 2011 at 10:23 pm

    You are absolutely right , however democracy is dictatorship , they really give you nothing but bleed you dry , if you add all the taxes put upon together
    you work 7 0r 8 month out of 12 for the so called democratic dictatorship , you have nothing nor will you ever have anything,all you property belongs to the democratic dictatorship, don’t pay your property taxes you loose it, freedom of assembly and speech
    maybe if it is small , if it gets to big the police and if necessary the army will be out to undo it and yes by force if need be , it has already been proven many times over , so think about it wealth to one person , or wealth to the top 1% that certainly are not going to share their wealth either

  29. Tukur abba TIJJANI makarfi

    November 2, 2011 at 9:31 pm

    Take a lok hw were he end!

  30. gerald

    November 5, 2011 at 4:46 pm

    gadaf was the best leader in africa let me ask a question if am a leader and i dont steal peoples money but I led the country into a very high profile poverty what is the importance of that even if democratic.what is democracy if no development?.gadaf may have accumulate wealthy but have his country one of the richest in the world interms of per capital income to me he is the high profile leader africa have ever have

  31. Alex

    November 29, 2011 at 1:20 am

    i feel bad at how most of you brutally miss the point. oil is involved and alot more shit that none of us know about…gaddafi this and gaddafi that. do you not realise that your opinion comes straight from the news channel?
    most of you are brain washed into thinking he was a bad person… im not with him nor against him but a key player in his death was ultimately the united states of america. they call most of the shots….and if u read some of the comments here, one person mentions “bin laden” he is also a character made by the united states… im surprised how some americans still think “bin laden” was really capable of organising such an attack. blow it out your ass, theres more than what the media shows…

  32. Abdulbasit

    December 15, 2011 at 2:35 pm

    Gaddafi is doesn’t eat alone but …..

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