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March 22, 2005
One rich revolutionary
It’s tough to be a champion of the proletariat when you’re on Forbes’ “world’s richest people” list:
- Cuban President Fidel Castro has criticized Forbes magazine for the "infamy" of listing him among the world's richest people, with a net worth of $550 million.
How does the 78 year-old dictator rake in all that dough?
- The magazine said Castro derived his fortune from a web of state-owned companies that include retail conglomerate CIMEX, pharmaceutical company Medicuba and a convention center near Havana.
But according to a Cuban government press release:
- "The revenues of Cuban state-run companies are used exclusively for the benefit of the people, to whom they belong …"
(Via Mises blog.)
Posted by tedb at March 22, 2005 10:02 AM
