|Hugo Chavez Dies Billionaire Fat Cat|
|by Tom McGregor||Tue, Mar 5, 2013, 08:29 PM|
The late President Hugo Chavez of Venezuela railed against the so-called wealthy elite, who were supposedly stealing from the poor. He endorsed Marxist economic philosophy and called it, "Chavista Socialism." Nevertheless, Chavez will be going to his grave amassing nearly $1 billion of a family fortune in oil assets, which many believe had been stolen.
Celebrity Net Worth reports that, "Hugo Chavez net worth : Hugo Chavez was a Venezuelan politician who had a net worth of $1 billion at the time of his death March 5, 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 legal and illegal methods. Brewer further estimates that the Chavez family and hundreds of other criminal organizations have ‘subtracted $100 billion out of the nearly $1 trillion in oil income made by PDVSA (Venezuela’s state-controlled oil company), since 1999."
To read the entire article from Celebrity Net Worth, link here:
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