Maummar Gaddafi Net Worth is $70.0 Billion (as of 2020)
It has been estimated that around the time of his death in 2011 Muammar Gaddafi net worth amounted to $70 billion dollars. He has accumulated this incredible fortune during more than 40 years as the Brotherly Leader and Guide of the Revolution of Libya. It is no secret that Muammar’s power and fortune came at the price of millions of Libyan people losing their basic human rights and freedoms. His wealth seems all the more angering having in mind that at least officially this dictator has always supported socialism and equality in society. I guess the same rule applies speaking about Muammar and Libyan people, as about the leaders of Communist party and the former SRRS: all people are equal, but some are more equal than others… Although he is not a man worth your admiration, he is an important figure in the history of Middle East. Hence we think our readers would like to learn a little more about the sources of Muammar Gaddafi net worth, his rise to power and events leading to his death.
Quick facts
| Net Worth: | $70.0 Billion |
|---|---|
| Last Updated: | 2023 |
As some of you might already know, Muammar was born in an extremely poor family, in a tent lost somewhere in the deserts of Libya. His father Abu Meniar was a camel and goat herder. Little more is known about Muammar’s family and ancestors, because they were illiterate and kept no birth records. What seems to be clear is that they were Arabized Berber in heritage and belonged to the tribal group known as the Qadhadhfa. The future-dictator received his early education from a local Islamic teacher and attended elementary school at the nearby city. According to the records (that might be overstating the achievements of the former leader) he was extremely talented as a child and progressed through six classes within four years. Following graduation the young man enrolled at the University of Libya to study history, but soon quitted his studies in favour of military. In 2014, just a year after joining Royal Military Academy he formed Central Committee of the Free Officers Movement.
Muammar Gaddafi net worth skyrocketed in 1969, as he and a group of his followers seized power from the monarchy of King Idris in a coup d’etat. Starting that year, Gaddafi has been the de facto leader of the country for more than four decades. He has famously spoke about himself: “I am an international leader, the dean of the Arab rulers, the king of kings of Africa and the imam of Muslims, and my international status does not allow me to descend to a lower level”. His rule came to an end in 2011, as the so-called Arab Spring started: Muammar was captured and killed by the National Transitional Council.
