Hugo Chavez Net Worth

How much is Hugo Chavez Worth?

in Richest Politicians
Net Worth:
$1 Billion

Hugo Chavez net worth: Hugo Chavez was a Venezuelan politician who had a net worth of $1 billion at the time of his death on March 5th 2013. A 2010 report from Criminal Justice International Associates (CJIA), a global risk assessment and threat mitigation firm estimated that the Chavez family assets totaled between $1 and $2 billion USD. The vast majority of these assets are oil related and were controlled by Hugo himself prior to his death. The head of the CJIA, Jerry Brewer, asserted that since Hugo's rise to power in 1999, the extended family has amassed its fortune through both legal and illegal methods. Brewer further estimates that the Chavez family and hundreds of other criminal organization have "subtracted $100 billion out of the nearly $1 trillion in oil income made by PDVSA (Venezuela's state controlled oil company), since 1999."

Hugo Rafael Chavez Frias was born in was born July 28, 1954 in Sanbaneta, Venezuela. When he died, Chavez had been the President of Venezuela since February 2, 1999. At age 17, Chavez enrolled in the Venezuelan Academy of Military Sciences, graduating in 1975 as a sub-lieutenant with a degree in Military Arts & Sciences. Upon completing his studies, Chavez entered active military service as a member of a counter insurgency battalion stationed in Barinas. His military career lasted 17 years throughout which he held various positions, eventually rising to the rank of lieutenant colonel. Hugo also held a variety of teaching positions. In 1983 Chavez held the Revolutionary Bolivarian Movement and in 1998 Chavez began to campaign for president. His public speaking style was noted for his flamboyancy and colloquialisms. He worked to gain the trust of primarily poor working class citizens. Chavez went on to win the 1998 election with 56% percent of the vote. Chavez was married twice. His first marriage to Nancy Colmenares lasted 18 years, during which they had 3 children. He was also divorced from his second wife, Marisabel Rodriguez de Chavez, and they also had one daughter together.

Hugo Chavez and Sean Penn

Hugo Chavez Net Worth

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Hugo Chávez

Hugo Chávez

Politician
Nicknames
Hugo Chavez, Hugo Rafael Chávez Frías, El Commandante, Esteban de Jesús, El Mico Mandante
Profession
Politician, Soldier, Human rights activist
Date of Birth
1954-07-28
Nationality
Venezuela
Height
5 ft 8 in (1.73 m)
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
Articles Written by Brian Warner
Prior to launching Celebrity Net Worth, Brian spent seven years as the Managing Editor of one of the largest entertainment portals on the internet. Before that, Brian attended Georgetown University where he double majored in finance and marketing. A native of Northern California, Brian currently resides in Los Angeles. Follow him on Google+.
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