Just like his mentors Fidel and Raul Castro, deceased Venezuelan dictator Hugo Chavez became quite prolific at amassing hundreds of millions of dollars in personal wealth in the name of defending the poor and in the pursuit of “social justice.” The “Red Revolution” is flush with green dollars.
Report: Chavez Brothers Amassed Riches of $2B
The Chavez Frias family has “amassed a fortune” comparable to that of Cuba’s Castro brothers, according to Criminal Justice International Associates, a risk assessment and global analysis firm in Miami, Fla.
“The personal fortune of the Castro brothers has been estimated at a combined value of around $2 billion,” Jerry Brewer, president of CJIA told News From Venezuela.
“The Chavez Frias family in Venezuela has amassed a fortune of a similar scale since the arrival of Chavez to the presidency in 1999,” Brewer said in an analysis.
Hugo Chavez died Tuesday, after a two-year battle with cancer. His death ends 14 years of rule, but leaves the socialist party firmly in control of the nation.
Cuba is receiving close to $5 billion a year from the Venezuelan treasury and in oil shipments and other resources, Brewer estimates.
He says that organized Bolivarian criminal groups within the Chavez administration have been responsible for taking nearly $100 billion out of the nearly $1 trillion generated in oil income made by Petroleum of Venezuela (PDVSA) since 1999.