Fidel Castro Net Worth
Fidel Castro Net Worth: Fidel Castro was a Cuban communist revolutionary and politician who had a net worth of $900 million at the time of his death in 2016. Fidel Castro served as The First Secretary of the Communist Party of Cuba for 45 years, as Prime Minister of Cuba for 17 years, and as the President of the Council of State of Cuba and the President of Council of Ministers of Cuba for 32 years.
He was born Fidel Alejandro Castro Ruz on August 13, 1926, in Birán, Oriente Province, Cuba. An illegitimate son of a wealthy farmer, Castro first took leftist anti-imperialist politics while studying law at the University of Havana. Initially, he was an active participant in rebellions against right-wing governments in the Dominican Republic and Colombia, and then he tried to overthrow the United States-backed military junta of Cuban president Fulgencio Batista. But his unsuccessful attempt on the Moncada Barracks resulted in a year's imprisonment in 1953.
Following his release, he went to Mexico to form a revolutionary group with his brother Raúl and friend Che Guevara known as the 26th of July Movement. Once he got back to Cuba, Castro staged and led the Cuban Revolution which ousted Batista in 1959 and also brought his own assumption of military and political power. Alarmed by his friendly relation with the Soviet Union, Dwight D. Eisenhower and John F. Kennedy and their respective governments failed to remove Castro. As a precaution, Castro forged an economic and military alliance with the Soviets, allowing them to place nuclear weapons on the island. 1961 saw Castro proclaim the socialist nature of his administration, with Cuba becoming a one-party state under Communist Party rule. This means Cuba's industry and businesses were nationalized and socialist reforms implemented in all areas of society. After the Soviet Union dissolved in 1991, Castro led Cuba into its economic "Special Period", before forging alliances in the Latin American Pink Tide and joining the Bolivarian Alliance for the Americas in 2006. In poor health, he transferred his responsibilities to Vice-President Raúl Castro in 2006, who assumed full presidency two years later. Even though lauded as a champion of anti-imperialism, Fidel Castro remained a controversial and divisive world figure until his death on November 25, 2016.
Wealth: At the time of his death, we estimate that Castro was worth $900 million. Fidel was never happy to hear reports of his oversized fortune. Back in the early 2000s when Forbes estimated the dictator's net worth to be several hundred million dollars, he declared:
"If they can prove that I have a bank account abroad, with $900 million, with $1 million, $500,000, $100,000 or $1 in it, I will resign."
"If they prove that I have a single dollar, I'll resign my post… there will be no need for plans or transitions…"
However, in recent years a handful of prominent Cuban business people and exiles have come forward to claim that during his life Castro controlled perhaps more than a dozen commercial enterprises that had a collective value of at least $500 million based on comparable corporations abroad at the time.
That number does not take into account the estimated "several hundred million dollars" that Castro allegedly keeps stashed in secret bank accounts all over the world, primarily in Switzerland. It also does not include the value of his Cuban real estate portfolio that will surely increase in value dramatically as the United States has eased travel and investment restrictions on the island. When taking these assets into account, it's theoretically possible that Fidel Castro's personal assets are worth several billion dollars today. Obviously, he would disagree.
|Net Worth:||$900 Million|
|Date of Birth:||Aug 13, 1926 - Sep 25, 2016 (90 years old)|
|Height:||6 ft 3 in (1.91 m)|