Turns Out The World’s Richest Man Was in Libya…!

By: ispeculatornew
Date posted: 10.25.2011 (5:00 am) | Write a Comment  (1 Comment)

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It’s incredible isn’t it? We all know that rankings such as the “Forbes World’s Richest Men” are approximations and there have always been a few that complained about the accuracy of the rankings but today we found out just how wrong these rankings have been about the world’s richest man. Look at the latest rankings on the right and you will notice that Carlos Slim is miles ahead of the competition with an estimated net worth of $74 billion.

However, new information has come out about someone that should have been at the top of these rankings for many years. In fact, not only should he be at the top of these rankings but most recent estimates are that his net worth was higher than the next 3 guys on the list (Carlos Slim, Bill Gates and Warren Buffett)…! Incredible isn’t it?

Who Is This Man?

In case you have not guessed yet, his name is Moammar Kadafi, the former leader of Libya, who was a dictator over the country for 42 years and was able to divert billions of dollars every year into a multitude of different places, bank accounts around the world under dozens of names, real estate, etc. To give you an idea, this equals about $30,000 per person in Libya, a staggering amount anywhere but especially in a country so poor.

What Will Happen to The Money Now?

The first issue is that most of this money had been frozen by countries all around the world so there will now be a process to unfreeze the accounts and hopefully turn them over to the Libyan government. Honestly, I’m not sure how this can possibly go well. Having hundreds of billions of dollars appear will certainly create a lot of temptations for the new Libyan government and it will be interesting to see how efficiently that money can be managed.

How Many Others Are Out There?

My fellow readers, you might know someone who has a few billions and is missing on those rankings? Maybe you would know such a person very well? 🙂 If that is the case, please be sure to let us know and we can certainly give you some help evaluating your fortunes if necessary. Just fly us out to your private islands and private properties around the world, we’ll be glad to spend a few days (or more!) to give an accurate evaluation:)

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1 Comment

  1. Comment by awake — October 25, 2011 @ 8:24 am

    it’s funny you’re worried about the new Libyan leadership (i don’t think they’ve figured out this part yet) instead of being worried about how he was able to house his money in the west.

    i’m more worried about the countries in the west that willingly housed this money and if they will even give the full amount back. seems to me like they’ll try to convince (BULLY is probably a better word) any new leadership the money should stay wherever it is for their own interest and the same BS cycle goes on.

    it’s weird how we’re programmed to think that “they” are always the problem, while we gladly help their leaders siphon their peoples money and invest it in our development.

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