Saddam Hussein Net Worth

Saddam Hussein Net Worth $2 Billion

One of the most widely renowned of all ‘Iron Fist’ rulers, the Ex President, Dictator of Iraq Mr. Saddam Hussein was born in the village of Al-Awja, nearby Tikrit, a township which is north of the capital of Bagdad. Saddam was a shrewd politician and he eventually rose to the position of the Vice President of Iraq before being President. 

saddam hussein

He became the face of Iraq and wielded unquestionable powers. His regime can be credited with bringing stability and economic growth in the country, although this was not without straining Iraq’s relations with more than a few countries. He made huge cuts of money for himself using his position to his advantage. Even after his death, international money laundering experts are having the hunt of a lifetime just in figuring out where and how much Saddam and his family stashed away. In a study that was made by the General Accounting Office, Saddam was estimated to have pocketed $6.6 billion from oil smuggling and other kickbacks during 1997 to 2001.

In another case study by the Coalition for International Justice, from 1997 to 2002, Saddam and his sons Udav and Qusay mishandled $12.5 billion while selling oil under a humanitarian program of the United Nations. Investigators and money laundering experts say that Saddam used most of his money to pay his loyalist, from military strongmen to financiers who banked his assets. Saddam Hussein and his family led a lavish lifestyle. He built palaces, amassed luxury cars and works of art etc. Saddam also used his money to buy illegal weaponry and “dual-use technology” involving conversion of high-tech commercial goods to military use. 

saddam hussein

He was captured on Dec. 13th 2003, convicted of charges related to the 1982 killing of 148 Iraqi Shi’ites and was eventually sentenced to death by hanging. Saddam Hussein was executed on the 30th of Dec. 2006, but even after his death, he’s still a billionaire; his current net worth is $2 billion. 

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References:

Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)