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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
Posted by
Wren
October 25, 2011 at 12:52 pm
Thief. How can he be worth all that money?
RTC BOY
October 25, 2011 at 12:57 pm
what can profit man wen he gains whole world & yet lose his soul.
none
October 25, 2011 at 4:46 pm
very, very true
Load-Shedding United
October 25, 2011 at 5:38 pm
So you really can’t take all the wealth when you die..! How sad!
musonda
October 25, 2011 at 8:17 pm
I couldn’t agree more. A man so wealthy died like a dog on the street. No where near the luxury he once enjoyed.
busta
October 25, 2011 at 1:07 pm
y didnt he jus bolt to the moon
Gsm
October 25, 2011 at 1:14 pm
Investment opportunty in zambia.interested please call.i have buyers of tubes for cars and ceramic tile.we can combine our resources and move forward.more inform 0978150299
The Jackal
October 25, 2011 at 1:22 pm
Well is it not strange that every information coming out about Gaddafi is just bad and nothing good is said about this man! Has anyone taken time to find out what other things Gaddafi did to his people, to Africa as a whole? Is it really true that Gaddaafi was so bad and why did the Libyans take so long to revolt if their leader was this bad as proclaimed by the west? Why did the west want so much to remove Gaddafi out of power and the UN was so quite about it and they never respected the decisions made by the AU to oppose the bombing of Gaddafi. Why would the west spend so much billions to insure that Gaddafi is eliminated? Ask yourself those questions before you condemn Gaddafi and praise the west for helping the rebels to oust the regime in Libya. Why have they not moved in to help the Syrians! Wake up African open your eyes and see beyond yours nose!
MMD Boot leaker
October 25, 2011 at 4:34 pm
Becoz the west knew pretty well that, the Late would unit African and became the Most Powerfull continent. So they painted him black secretry wispered lies in the ears of his own pipo to make than revolk. The killed an innocent ABEL as it was from BEGINING OF THE EARTH. BROTHER KILLING HIS OWN BROTHER, SO SHALL IT BE…
Eva
October 25, 2011 at 1:24 pm
Blessed is he tht has wisdom. Wisdom is greater thn silver & gold
Mo taim
October 25, 2011 at 1:33 pm
Damn ! Mad dog was loaded.Too bad he is gone.
messi
October 25, 2011 at 1:43 pm
Its a pity hav lost da info I had on gaddaf da good things he dd 4 his country. if hav not completely forgotten electricity was free,having a home was one of da libyans rights,if u hav graduated and havnt found employmnt u’ll be getting paid every month until u find employmnt.if da couple gets married thy are gvn $50000,if a mother gves birth sh’ll be gvn $5000,health and education was free bt to mention a few.if I come across da same list I’ll update it.
Better days are coming
October 25, 2011 at 1:47 pm
This is propaganda from the West to justify their war on Libya and killing of Gadaffi, so as to divert attention. All they wanted was oil, and theyve got it
hasim
October 25, 2011 at 1:48 pm
You can see that the western media is trying so hard to paint the man so BAD,have these NATO led Rebels shown us that they are any better than what they accuse this man of being,what has happened to all the black libians captured by these SAVAGIES, they are killing people like flies,these chaps have killed more people in 8 months than Gadaffi may have killed in 42 years.
James
October 25, 2011 at 1:49 pm
But died lik a dog.
Mpangula Mputyu
October 25, 2011 at 1:50 pm
There is no electricity bill in Libya; electricity is free for all its citizens.
2. There is no interest on loans, banks in Libya are state-owned and loans given to all its citizens at 0% interest by law.
3. Home considered a human right in Libya – Gaddafi vowed that his parents would not get a house until everyone in Libya had a home.
4. All newlyweds in Libya receive $60,000 Dinar (US$50,000) by the government to buy their first apartment so to help start up the family.
Education and medical treatments are free in Libya. Before Gaddafi only 25% of Libyans are literate. Today the figure is 83%.
6. Should Libyans want to take up farming career, they would receive farming land, a farming house, equipments, seeds and livestock to kick-start their farms – all for free.
7. If Libyans cannot find the education or medical facilities they need in Libya, the government funds them to go abroad for it – not only free but they get US$2,300/mth accommodation and car allowance.
8. In Libyan, if a Libyan buys a car, the government subsidized 50% of the price.
9. The price of petrol in Libya is $0.14 per liter.
10. Libya has no external debt and its reserves amount to $150 billion – now frozen globally
. If a Libyan is unable to get employment after graduation the state would pay the average salary of the profession as if he or she is employed until employment is found.
12. A portion of Libyan oil sale is, credited directly to the bank accounts of all Libyan citizens.
13. A mother who gave birth to a child receive US$5,000
14. 40 loaves of bread in Libya costs $ 0.15
15. 25% of Libyans have a university degree
16. Gaddafi carried out the world’s largest irrigation project, known as the Great Man-Made River project, to make water readily available throughout the desert country.
Which other dictator has done much good to his people besides
Rio
October 25, 2011 at 3:56 pm
This was tantamount to bribing the people of Libya against rising up against him!
Gumu Gumu
October 25, 2011 at 4:13 pm
Very informative. Gaddafi had his own weaknesses but he also had a heart for the Libyans. The major weakness was to overstay in power & eventually power got to his head. Where there’s oil wealth, the West will always want to deal with puppets so that they partake in the loot at the expense of the local nationals. It wont be long when these multinational companies will move into Libya to win tenders to “rebuild” the country & control the oil reserves. Shame! Poor Africans, wake up! It’s sad that the West are now propagating for these leaders/dictators not only to be removed, but killed.
CorrectedZ
October 25, 2011 at 4:53 pm
AM STRUCK WITH AWE! I feel you Mpangula Mputyu. This shows he was infinitely better than many a politician and to say then that ‘Gaddafi invested little money in national infrastructure like schools and hospitals or any kind of economic diversification’ is not only UTTER BULLSHIT but AN INSULT TO PATRIOTISM! Personally wouldn’t mind having such a developmental oriented dictator as my leader (in my world)
MCF
October 25, 2011 at 1:51 pm
Gaddafi was a good leader and empowered everyone in Libya. For some of us who had an opportunity to Visit Libya, It was a good country and rich country, when someone attained the age of 21, was given a flat for free to occupy and start up a life, Free Health care, free education, everything was so cheap in that country, the economy was very good…alot of jobs for Libyans! Gaddafi even helped other countries in Africa including Zambia. He was spearheading for the independence of Africa as a continent! Though he had money, and was a richest person in the world as they put it, He did not gain that wealth at the Expense of Libyans… He was a good parent to the Libyans and i just hope their action will not cost them much more than just killing one person. He was a brave man and died with diginity on the WAR, most leaders would have run away from leaving his soldiers fighting, but he stayed with them till the end.
Chibuta
October 25, 2011 at 2:29 pm
What the Libyans did was to kill their own flesh and bllod and stupidly embrace the western or white mans wish.
THE CRYING FREE MAN
October 25, 2011 at 1:56 pm
Damn! it’s a pity the poor guy is gone, with that kind of money i could have bedded Naomi Campbel,Toni Braxton and Angelina Jolie already!!
tj600
October 25, 2011 at 2:31 pm
thats why u will never have that money.u want money with wrong motives.
MCF
October 25, 2011 at 2:05 pm
This is a modern way of Colonialism in the world…! The west want to control the OIL in the world, FLUSHBACK: what happened in Iraq? Afghanstan? what was accomplished by the west? nothing, but get lid of Saddam Hussein and puting up the Government that they can tell that “we fought for you to be the President, do as we say or we will fight you out,” what did they do when Rwanda went on Civil war? just avaquated their people with their dogs and left the country, the same has happened to poor coutries where there is no Oil. Why is Mugabe of Zimbabwe still president? when he (Mugabe) even went as far as beating up the white farmers during the land reforms program in Zimbabwe. To me Mugabe is worse than Gadaffi, but because there is nothing to gain and benefit the west, they dont care what goes on in Poor coutries. Gaddafi fought for the Independence of Africa and that was a big threat to the so called ‘super powers’ and decided to flush him out. Alot of people have died and those people had nothing against Gaddafi, but loved him. MHSRIP he was a great Leader
Tm
October 25, 2011 at 2:22 pm
Oh pliz, where did they get the information from
THAONGA NYIRENDA
October 25, 2011 at 2:26 pm
hope you use that money in hell.
Kavinila
October 25, 2011 at 2:43 pm
Wren,RTC Boy,Busta & GSM you’re really f**king imbeciles. Do some due diligence before you decide to add comments on this blog…this is the last time you’ll be allowed to add such nonsense. Kupusa!!
BORN
October 25, 2011 at 2:45 pm
indeed, what does it profit a man to gain the whole word and losses his soul?
Bingu wa Ni yamba
October 25, 2011 at 2:52 pm
I wish he was my father i would be smelling Gold and Dollars. I was going to have a golden bed,blankets and pillows.
chambula makenge
October 25, 2011 at 3:00 pm
This must be a lesson to African leaders to leave when time promply comes…
Chiingu Mwanakapoba Romance
October 25, 2011 at 3:00 pm
Has he gone with single dollar to hell?
The Jackal
October 25, 2011 at 3:02 pm
http://www. rightsmonitoring.org/2011/04/why-the-west-wants-the-fall-of-gaddafi-an-analysis-in-defense-of-the-libyan-rais/
nsimbi
October 25, 2011 at 3:02 pm
Gaddafi did the best for the libyans but they did the worst to him. Very few libians were paying for accomodation abroad even if they were on personal business trips, the embassy was paying for them inluding feeding. i saw this for myself and a car to go round. He created a river to those staying in the desert tapping it from the Ocean. He financially supported most of the African leaders. After all what he did including what Mpangula mputyu has tabbulated, what we all saw was the kind of appreciation by the Libyans. Its a shame.
Chinsaliman
October 25, 2011 at 3:09 pm
why do people on this blog like Gaddafi while his own people hated him. 42 years reign is to much by one person and one family. Imagine it in your country. even too much honey can become sour hence the uprising. You can have free things but they had no freedom which is human dignity as he was a dictator.
nsimbi
October 25, 2011 at 5:07 pm
He did the best that the Libyans did not see. we could see because we know what we go thru papa in Africa. Now we shall speak the same language with them.
The Jackal
October 25, 2011 at 5:15 pm
We are simply trying to discuss the good things that he did for his people unlike those who are simply to dent him. 40 years is nothing, Queen Elizabeth has been there for how many years and so other leaders hiding in the name monarch’s in Europe? The years do not matter but the services matters. Consider yourself luck because there is no oil in your country!
TIMVELEKO
October 25, 2011 at 3:14 pm
WHEN YOU UNDERSTAND PROPHESY,YOU WILL UNDERSTAND THE DAYS WE ARE LIVING.
What a Shame on Libyans
October 25, 2011 at 3:25 pm
Libyans are cursed and they will never see peace for treating an honorable man who loved them so much like that. How can you ask for more when he has given you all that tabulated up there? I have never seen or heard of any leader who has done so much for his people what Gaddafi did for them, if he was my president I would have not minded to have him in power for 100 years. He was cool and we will sadly miss him, he may have died like a dog but to a lot of us he will forever be our hero in the hearts.
Now wait and see the untold suffering which is about to unfold and envelope the Libyan people. These westerners are fucking idiots who are up to no good. Look at what they have done in Iraq, Egypt despite succeeding in their missions nothing good comes up for nationals. Long suffering Libyans for killing great Gaddafi.
nsimbi
October 25, 2011 at 5:04 pm
I totally agree with you, they will regret for the rest of their lives. they shall never recover
GODEE
October 25, 2011 at 3:41 pm
Iam also of the view that this man was great; I do not think that the likes of Great leaders of Africa like Nelson Mdiba Mandela, would just befriend a man in vain. The USA in particular were against Mandela,befriending Gaddaffi, however, he told the then President to dive into the swimming pool, and allow him to choose his own friends.
As for the Libians: Just like In Zambia, those of us who were the Youth then, Demonised KK so much; we only realised later just how much this great man had contributed to our Country. Same applies to Gaddaffi, soon they will feel his absence. Just like in Iraq, under Saddam they had clean water, electricity, free education which they do not have now ender the so called Democracy which seem to be failing in terms of looking after the warfare of the people. It now seems to be associated with the rich fwe,
controlling the massive poor. No wonder, the current “we are the 99%” wall street occupation in the USA
Muhammed juze farrazi
October 25, 2011 at 3:43 pm
U guys ar crazy……do u expect a president to die poor after 40yrs..
Mwenya capetown
October 25, 2011 at 4:41 pm
I agree very much with guys like The Jacka.
The problem with most Africans ia that,they can easily be fooled. The Libyan president was a good man. These westerners are after the oil and nothing else. They are the greatest hypocrites ever.
I want to ask brothers and sisters of the soil to always do your research before jumping to surport murderers who parade themselves as liberaters.Libya was one of Africas stable economies and these greedy westerners are now destroying it in pursuit of oil. Theyhave and continue murdering so many people in Iraq and now in Libya. It takes decades for a country to rebuild infrastructure that these idiots bomb and destroy to get to one man.
Why didn’t they just alienate him or maybe just arrest him and serve life in both these countries?That man did more for his people than all the other democratic leaders in Africa have ever done in their respective countries.
donch
October 25, 2011 at 5:02 pm
i do agree Mr gadafi was a goodman and always when the westerners are interested in removing someone it means theres something they saw in that country coz if you remember one of his speach he said dont allow them(westerners) to betry you
chrispine naweji
October 25, 2011 at 5:13 pm
the guy had oil companies how do you expect him to be poor.he was sinking rich ness.
Riches
October 25, 2011 at 5:17 pm
Yes Gaddaffi certainly overstayed in power but it is not true that his people did not like him and that he was killing or killed his own people.To add on what Mpangula Mputyu said, the West made sure that Gadaffi had to DIE for among other reasons that:
1. Gaddaffi was one of, if not the only African leader who was very strong and had a on the United States of Africa, which the west did not like at all. For Africans to unit, that would be unity against them.
2. Gaddafi is one who came up with more than 300 million dollars to purchase the first ever satellite and for Africans to have their own satellite. The satellite was put up together by China and Russia. Africa was paying to the west more than 450 million dollars per year for use of the West’s satellites. Now imagine how much money the West lost when Gaddaffi and the other few African countries contributed funds to come up with this satellite???? The Satellite only costed 400 million dollars to be erected for Africa. You can do the maths.
3. And Gaddafi advocated for the establishment of stable financial institutions in Africa such as the Central Bank of Africa to be based in Yaounde Cameroon, Africa Investment Bank to be based in Libya and the Africa Monetary Fund to be based in Abuja Nigeria; which were to be established starting this year. That meant that the West could be cut off and Africans would be self sustaining interms of grants, loans and others. Surely can they let you do your own stuff??????????????
Therefore, Gaddafi was just a very bitter pill to swallow and the West just ensured that HE HAD TO DIE.
kay
October 25, 2011 at 5:20 pm
Ah now you zambians have suddenly become libyans and some of you westeners.there is oil in libya and the population is small so pliz be be surprised that libyans had all these goodies.any other president would have done the same 4 his people. Except 4 RB
Celeb life
October 25, 2011 at 5:20 pm
Surely how can u allow a man who took good care of you for 42 great years die like that? You will soon feel the heat.
kays
October 25, 2011 at 5:32 pm
Same old story of white propaganda! Wake up people!!!
The greatest weapon they have managed to invent is not the atomic bomb its not chemical weapons eigther, its the pretext of liking you while they make you fight agaist each other!!
Its the most economical way of stealing our resources!!!
Lets wake up from dis deep slumber……..
Moston
October 25, 2011 at 6:02 pm
Naked u came, naked u go! What a shame
naciiba
October 25, 2011 at 7:16 pm
Gaddafi was murdered by the power hungry western bullies. MHSRIP.
MMMV
October 25, 2011 at 7:59 pm
Though he was a dictator I think he should not have been slaughtered/executed like an animal. He should have stood trial for his crime against humanity.
The west have interest in oil in libya that is why they have pushed so hard for his being toppled and subsequently killed. We have another dictator in Zimbabwe in the name of Robert Mugabe who has brutally murdered his own people up to this day. there is no difference the two dictators Mugabe and Gaddaffi. Why haven’t the west intervened ? the answer is simple there is no oil in zimbabwe.
Just give it a couple months you will see how oil companies from the west will flood Libya. Do not get me wrong Gaddaffi was brutal he should have been removed from power not murdered.
Damn
October 25, 2011 at 8:14 pm
Quiet interesting your praises about the mad dog and finally a rat that hid under a pipe before he was captured. Much as you may praise him,its undeniabily wrong for one to speak utter negative statements about the dead but one thing for sure the man had his weakness of his own and only known to Libians period…..its not long since we changed our government and i believe every person in Zambia has this glory of true liberation from MMD government and particularly RB.
Damn
October 25, 2011 at 8:17 pm
Quiet interesting your praises about the mad dog and finally a rat that hid under a pipe before he was captured. Much as you may praise him,its undeniably wrong for one to speak or utter negative statements about the dead but one thing for sure the man had his weakness of his own and only known to Libians period…..its not long since we changed our government and i believe every person in Zambia has this glory of true liberation from MMD government and particularly RB.
Gunner4EVER
October 25, 2011 at 8:38 pm
in as much as he was ‘bad’ its also worth to mention that every one has both bad & good side. . .just depends which side outweighs the other! Did you know that in Libya the following services are free of charge : electricity, water (every part of Libya has tap water), school (up to university), medication (of any sort), housing? On top of this, car subside @ 50% of the purchasing price for every libyan citizen, no bank interest on all loans. The Libyan Gov also builds a house for everyone who wishes to do farming & provide all farming inputs. All graduates that are not yet employed get a pay from Gov every month till they find employment! Further more, you dont ve to pay a daime if you wish to marry as the Gov pays all wedding costs & give the newly wedds a cool 50000 Usa to help them start life together. So was Gaddafi really such a devil?
DR CHRISTINE 1ST LADY KASEBA
October 25, 2011 at 8:40 pm
HE WAS GREEDY YET HE HAD GOOD STRATEGIES. ANY WAY ITS A LESSON
ZED lols
October 25, 2011 at 8:54 pm
And thats exactly what sarkozy(or whoever) and obama didnt want. Now they own africa, zimbabwe is next.
bwezani
October 25, 2011 at 9:07 pm
The jackal,i agree with you..the problem with us,we are quick to belive what the west tells us.NATO with the support of UN went in to ‘protect’ the civilians from being masacered,hence the no fly zone.i’ve been folowing cnn,bbc,and even aljazeera,with all the bombings suprisingly the’s little news on the casualties those bombs caused.its that simple,we will see and belive only what the west wants us to belive n see.ghadafi was no saint..libya’s oil,his massive wealth and his attempt to bring about the united states of africa were all threats to the west..crimes against humanity were commited by both sides.silence on that as well.the sad part about all this is the drama in libya is only begining…
bwezani
October 25, 2011 at 9:31 pm
After reading several comments and seeing the similarities in our views.. my mind is made up,should God bless me with sons am defnetly naming them after this great man and the sons who stood with him till the death. it wasnt about the money,if it was they would have bolted to go and enjoy it in ‘peace’ n comfort.south africa and some few countris would never have handed them over..it was about honour.. i salute you colnel,may your soul rest in peace.. only God can judge you.
Woviziba
October 25, 2011 at 9:55 pm
This story is full of lies. Gaddafi did steal but not to the extent of being the richest man in the world. Niboza chabe. In today’s World there is no way someone can have huge sums of money without media knowing about it. The NTC is manufacturing lies so as to divert attention from the fact that they should be charged for killing Gaddafi instead of taking him to court.
Hakainda Machilema
October 25, 2011 at 10:00 pm
Come on, are can be a Leader of people or country and yet you dont respect them and their well being. Power belongs to the people. And it is said that he who plays with sword shall die by the sword. This is what Khaddafy did. There is no honor in his death and look to what he did to his people.If you didn’t embrance him then you are an enemy,yet you want to rule them I find that difficult to apprehend and later on to trust.
housefly
October 25, 2011 at 10:02 pm
Africans are idiots!
bwezani
October 25, 2011 at 10:30 pm
Hakainda Machilema you need to read more so you can educate yourself.its clear by your pronounciation of the english language your iQ is so low..i have no words for you.
Patrick mwanza
October 25, 2011 at 11:16 pm
We are the richest!! Gaddafi has left all his riches here on earth. The bible says: Blessed are the poor in spirit: for theirs is the kingdom of heaven.