
12-04-2006
|
|
Junior Member
|
|
Join Date: Mar 2004
Posts: 15
Rep Power: 0
|
|
Quote:
|
Originally Posted by xort
I read recently that Fidel Castro is among the richest men in the entire world. Wonder how & why?
|
Forbes Magazine annually reports on the world's riches people. Their estimate of Castro's wealth seems a bit spurious and the article below reflects:
In a story published Tuesday about the fortunes of rulers and heads-of-state, Forbes estimated the communist leader's net worth at $550 million, but acknowledged "these estimates are more art than science."
"In the past, we have relied on a percentage of Cuba's gross domestic product to estimate Fidel Castro's fortune," the article stated. "This year we have used more traditional valuation methods, comparing state-owned assets Castro is assumed to control with comparable publicly traded companies."
The magazine said Castro "derives his fortune from a web of state-owned businesses," including a convention center and retail and pharmaceutical businesses.
I think Forbes takes the position the if Castro is the state the wealth of the state is his.
|