The Libyan President Muammar Gaddafi and his family wealth value estimated at several billion dollar

(Scooped news)

The Libyan President Muammar Gaddafi and his family wealth value is estimated at several billion dollars . Although the information at once that the Internet can offer, the Gaddafi family is smart enough to hide their activities in secret bank accounts in Dubai and South-East Asia.

Colonel Gaddafi has been leader of Libya since a coup in 1969 and for the longest rule in the history of Libya. Gaddafi is married Sofija Farkas Mostar, Bosnia-Herzegovina, which is his second wife. Gaddafi has eight biological children, seven of them son. They are Muhammad al-Gaddafi, Saif al-Islam Muammar al-Gaddafi, Saadi Gaddafi, Gaddafi Mutassim, Saif Al Arab, Khamis al-Qaddafi Ayesha, and Milad Hanna.

Gaddafi nepotism

Muhammad, the eldest son, was dominated by telecommunications, the second son, Muatassim was National Security Adviser, Hannibal was a marine power specialist in oil exports was led by Khamis top military unit, but his daughter Aisha ran almost no organization government. Another son, Saadi, was given the task of creating Export Free Trade Zone according to a source of western Libya. Professor Tim Niblock specializing in policy for the Middle East, said: "It ‘s difficult to ascertain the value of the assets of the Gaddafi regime smuggled, where he wanted to hide in different ways and in different places, but stressed that it is possible to evaluate several billion dollars at least. "

Niblock said he believed that most of this wealth is divided between the bank and cash in banks in Dubai, United Arab Emirates and other Gulf states, and countries in South Asia. In January 2002, Gaddafi purchased a 7.5% share of Italian football club Juventus for 21 million dollars Lafico (Libyan Arab Foreign Investment Company "). This followed a long association with the Italian industrialist Gianni Agnelli and Fiat cars.

In 2009, he bought Saif al-Islam Gaddafi, the estate includes luxury homes, eight-bedroom home in Hampstead, north London, worth $ 16 million. Gaddafi says UK property investment Portman House, 146 550 m², the shopping complex of Oxford Street, London, home to retailers such as Boots and New Look, and Office 14 Cornhill, opposite the Bank of England in the city.

Libyan Investment Authority (LIA), a "state funds" created in 2006 to spend its oil money, which has an estimated $ 70 billion in assets. LIA has bought 3% of last year’s Pearson London for 224 million pounds.

It is likely that if Gadhafi is ousted, the new system may freeze the assets of family Gaddafi in Libya, as was in Egypt, when Hosni Mubarak was ousted.