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October 26, 2011

Did Gaddafi Die the World's Richest Man?

Edwin Durgy, Forbes

AP Photo

The Los Angeles Times reported over the weekend that deceased Libyan dictator Moammar Gadhafi had “secretly salted away more than $200 billion in bank accounts, real estate and corporate investments around the world before he was killed.” The story was repeated around the world, with various news sites reporting that Gadhafi died richer than the three richest people on the planet – Carlos Slim, Bill Gates and Warren Buffett – combined.

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TAGGED: Sovereign Wealth Funds, Libya, Muammar Gaddafi

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