Fidel Castro’s Leaves Behind Massive Fortune, but Uncertainty Surrounds Who Will Inherit It


For all the misery Fidel Castro inflicted on his own people as well as the mischief he created internationally, he did manage to stay in power for a very long time.  And he also managed to amass a net worth perhaps approaching $1 billion.  He obviously did a very good job of looking out for his own interests. He was just the sort of guy only a liberal could love.  Or a fellow despot.

Now that this menace has finally passed from the earth, two questions remain.  Who will inherit his wealth?  And who will take power after his brother makes his journey into eternity?

While fellow communists and assorted global leftist elites are using the occasion of his death to praise Fidel Castro as a hero of the poor, reports from both defectors within Castro’s world and journalists using publicly available information have estimated the Castro family fortune to be in the millions. The closest realistic number estimating Castro’s net worth appeared in the magazine Forbes in 2006, whose research found that Castro was hiding a $900 million fortune from his starving people.

“To be conservative, we don’t try to estimate any past profits he may have pocketed, though we have heard rumors of large stashes in Swiss bank accounts,” Forbes wrote at the time. “Castro, for the record disagrees, insisting his personal net worth is zero.”

So Castro claimed he was dead broke while it was estimated that he was worth close to $1 billion.  The Clintons really need to take note for some possible wealth-management strategies they might have missed.

He might have denied he had any wealth, but then what would possible heirs be preparing to fight over?  So now the intrigue begins.

Who will receive this fortune remains a mystery. Castro has at least two living siblings — dictator Raúl and his sister Juanita, who lives in Miami and refers to her brother as a “monster.” He is known to have sired at least nine children; the most prominent, Alina Fernández, is herself a Cuban exile who has dedicated her career to exposing his abysmal human rights record. Many of his children remain on the island, however — including his first-born, Fidelito — as does Dalia Soto del Valle, a woman rumored to have married Castro in private. This clan has now become Raúl Castro’s problem.

“It would be terrible if Fidel’s children started to complain that they were broke, that they had been abandoned by their father’s revolution,” a former top aide to Raúl Castro told the Miami Herald. Yet they must now compete with Raúl Castro’s son, Alejandro, and son-in-law Luis Alberto Fernandez Lopez-Callejas, for power. Both of Raúl’s close relatives are high-ranking Communist Party officials, unlike anyone in Fidel Castro’s immediate family.

Sounds like Fidel left behind a $1 billion mess.  His wealth is an unknown quantity, at least publicly.  His number of children is in doubt.  His wealth will be distributed more through nefarious means than according to any understanding of the law.  And one can only imagine the power struggle that will ensue.  Very likely there will be some dead bodies turn up before this settles out.

And this is a guy liberal politicians in the US and elsewhere praise.  Tells you a lot about their priorities.

Source:  Breitbart



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