Fidel's FortuneIn a country where he controls the monpolies. And where poverty is a way of life for the entire populace.
He didn't make it into the billionaire category, but Fidel Castro nonetheless earned an honorable mention on Forbes magazine's annual list of the World's Richest People out this month. And why not? With a net worth of $550 million, this is one bit of media recognition that El Jefe actually deserves.
According to Forbes, the Cuban leader ommitted to "socialism or death" has made a killing from a "web of state-owned businesses" -- all of which have no competition in the worker's paradise. Castro's most profitable operations include a convention center, a retail conglomerate and a company called Medicuba that sells pharmaceuticals made on the island, reports the magazine. Not mentioned are Cuba's biggest exports -- seafood, tobacco, sugar and nickel -- which, as El Maximo Lider of the communist regime, Fidel naturally benefits from too. (link)
Meanwhile, the rest of Cuba is so poor that food is rationed; as of 2003 each person was limited to a pound of chicken a month, according to the Cuba Transition Project at the University of Miami. But at least Cubans aren't being exploited by wealthy capitalists.When is this old fart going to die and allow the people of Cuba to thrive once again?