General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHugo Chavez had a net worth of $1 billion at the time of his death.
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."http://www.celebritynetworth.com/richest-politicians/hugo-chavez-net-worth/
alcibiades_mystery
(36,437 posts)I really have no dog in the Chavez fight, but this is just a poor effort even by the low standards of the Chavez Brawls. Some dipshit who runs some low-rent "security" firm says X, and anybody is supposed to take that seriously. I'm subtracting points from Nye Bevan for a really weak and embarrassing play here.
Jerry Brewer! Oh, Lawd!
Warren Stupidity
(48,181 posts)apocalypsehow
(12,751 posts)kelliekat44
(7,759 posts)that is important to the people of Venezuela. Remember it was said that Qaddifi had stashed billions away and when they really researched the money it was mostly in accounts in the name of the Libyan government. The US needs to stop pontificating about other nations and other leaders and get its own house in order. The vile retorts against anything not our own brand of capitalism need to stop!!
Zax2me
(2,515 posts)He controlled all information/media. Hell, read report from his camp two days ago that he was fine.
Could be penniless.
Could be billionaire.
Loudly
(2,436 posts)kicked ExxonMobil's, ConocoPhillips', Chevron's and BP's asses?
Possibly. Sounds about right.
randome
(34,845 posts)...Warren Buffet is worth a lot of money, too, yet he's a solid Progressive. Wealth does not make someone 'evil'.
That being said, I have no idea if Chavez amassed his fortune entirely legally, either, but this article offers no proof.
Egalitarian Thug
(12,448 posts)He is probably the smartest pragmatist on earth, and as such, is working to head off what has a very high probability of ruining what he's built over his lifetime.
He does what he does, and advocates what he advocates because he can see where the current course leads, not because he wants or cares what happens to humanity or civilization, but because he wants to leave an enduring empire behind. This is a man that has ruthlessly exploited stupid people around him, has ruined both partners and competitors, and has even cut out close relatives on his path of compulsive acquisition.
Warren Buffett is a solid Buffetteer, first, last, and always.
Bjorn Against
(12,041 posts)Chavez nationalized the oil industry and redistributed the wealth to the people, my guess is the author is pretending like Chavez is keeping all the money for himself and totally ignoring where the money actually goes.
niyad
(113,336 posts)their "information". the group reminds me of blackwater.
Octafish
(55,745 posts)Or the Saudi royal family?
In dollars, trillions.
And they're friends of the BFEE.
A HERETIC I AM
(24,370 posts)Saying so indicates a complete lack of understanding of just how large one trillion dollars actually is.
Octafish
(55,745 posts)The world spends more on oil than anything else: about $4.37 trillion last year. A pretty good cut of that went to the Saudi royal family and its toadies.
http://www.ibisworld.com/industry/global/global-oil-gas-exploration-production.html
BTW: A trillion is a thousand billion. You know how many princess the Saudi royals have? A lot.
A HERETIC I AM
(24,370 posts)it wouldn't approach one thousand billion.
Carlos Slim would need another 930 billion himself to get to the Trillionaire plateau.
All of the Saudi's together? (I'm just talking the Saudi's now, not all of the Arab oil oligarchs together)
A couple hundred billion, sure. Maybe.
But a trillion? No way.
As you said, the world spent $4.37 Trillion last year on oil. That's REVENUE, not profit.
Octafish
(55,745 posts)Going back to Reagan's day and oil prices have steadily risen. The profits from the proceeds have gone into fewer pockets, including Saudi royals and their toadies like Adnan Khashoggi and the bin Ladens. I imagine some of them include non-Saudis, like the cronies of the Bush Crime Family.
The members of the family say they have more than Forbes says they do. I bet it's more than you say they do.
Saudi billionaire 'exaggerated' wealth in bid to reach world's richest top 10 list
March 6, 2013 - 5:48AM
Sydney Morning Herald
Forbes magazine has alleged Saudi tycoon Prince Alwaleed bin Talal "systematically exaggerates" his wealth after the billionaire accused the magazine of understating the size of his fortune.
Alwaleed announced he was severing his ties with Forbes after it reported in its annual billionaires' list that he was only worth $US20 billion ($19.74 billion), $US9.6 billion less than the prince claims.
In its 2013 list published on Monday, Forbes ranked Alwaleed the world's 26th top billionaire, naming him the richest man in the Arab world.
But immediately after the list came out, the prince's office and his Kingdom Holding investment group announced they "have ended their long-standing relationship with the Forbes Billionaires List."
CONTINUED...
http://www.smh.com.au/executive-style/management/saudi-billionaire-exaggerated-wealth-in-bid-to-reach-worlds-richest-top-10-list-20130306-2fjp4.html
$20 billion or $30 billion is a lot for one prince. I wonder how much the Saudi king holds? Add them all up and its in the hundreds of billions, if not a trillion.
Whatever it is, I'd like to know the answer. What you'd like is your business.
Lurker Deluxe
(1,036 posts)You can look that up easy enough ... for what is reported.
http://www.forbes.com/billionaires/#page 6_sort:5_direction:asc_search:_filter:All%20industries_filter:All%20countries_filter:All%20states
Sorted by location, Saudi ... like 8 billionaires in the country.
Maybe, if you added up ALL the Saudi billionaires you could get to 50 billion, I did not take the time to do the math but it looks close to 50 Billion. So, 5% of a trillion.
Of coarse some say that alot of their wealth is not reported or it is hidden. Maybe so, but where? A trillion dollars is more net worth than of the World's top 30 richest men combined. It's kinda hard to hide cash.
geek tragedy
(68,868 posts)The Magistrate
(95,247 posts)Recursion
(56,582 posts)The Magistrate
(95,247 posts)His roster of radio appearances, where I recognize the names, is a veritable rogues gallery....
LittleBlue
(10,362 posts)According to Little Blue Associates LLP. Prove me wrong, Jerry.
Catherina
(35,568 posts)Here's more from your pal Jerry whose obsession with Chavez is a thing to behold:
....
As well, Hezbollah fundraising activities, in the form of "financial transactions," on Margarita Island in Venezuela have been widely reported. Margarita Island is known to be the center of an extensive terrorist financial network, stretching throughout the Caribbean, including the Cayman Islands, and on to Panama.
Hezbollah has had a strong presence and long history of operating in South America, with agents and activities supported by Iran, Lebanon, and Syria.
The current U.S. administration appears to be mute on Iran's strategic interests in Latin America and its expansion across the region. Military deals with Venezuela and a military training school in Bolivia, with suspected Iranian funding, should have been a wakeup call for Washington. Too, the fact that Iran has opened 11 embassies throughout the region should have brought more than just a yawn from U.S. policy makers. It appears that the mood at the top is none of the leftist players, or their actions, are perceived to be threats.
http://www.mexidata.info/id3480.html
dipsydoodle
(42,239 posts)Fartworthy bullshit - couldn't have put it better myself. File under Brothers Grimm.
Catherina
(35,568 posts)I couldn't think of a better expression lol for this tripe. Filed. Permanently.
newfie11
(8,159 posts)Recursion
(56,582 posts)libtodeath
(2,888 posts)he was a great man that took care of his country and people.
HappyMe
(20,277 posts)How the hell would anybody know?
I'm thinking that this might be a load of bullshit.
talkingmime
(2,173 posts)Whisp
(24,096 posts)a trebleloopbrazllion, becuase ya know, capitalism is great. That's different! lol.
Anyway, this story smells a bit.
djean111
(14,255 posts)the rightwing equates wealth with power, and IMO actually feels GOOD about accumulating wealth in unsavory ways. They admire a Rick Scott for skimming billions from medicaid, but whine and sputter if a poor person gets a free hospital visit. Knowing that the hospital visit was likely over-billed to Medicaid.
They are so fixated on that ridiculous theory that all the poor people hate all the rich people that they cannot comprehend that liberals just will not turn on Al Gore or George Soros for the sole reason that they are wealthy. That really puzzles them.
And the sources are laughable. Criminals are running and ruining the United States right now. Major banks are laundering drug money. Hugely profitable corporations are paying no taxes and also getting refunds due to loopholes and special favors.
But ill-gotten wealth smells even better to the rightwing folks, methinks. As long as it is they who profit.
Heh, amassed a fortune through legal (who writes those laws?) and illegal means - what about the Bush family? What about JP Morgan? What about Adelson? The Kochs? A steaming pile of cognitive dissonance here.
Robb
(39,665 posts)Take your pick, apparently.
slackmaster
(60,567 posts)He was an expert at it.
Bacchus4.0
(6,837 posts)here is a pic of Diosdado Cabello's house, the head of the national assembly and ardent Chavista.
unsorted
(5 posts)not true