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Fidel Castro Net Worth, Biography & Wiki 2017
Fidel Alejandro Castro Ruz was born on 13 August 1926, in Birán, Holguin Province, Cuba, into a wealthy farming family. Fidel Castro is known world-wide as the Prime Minister of Cuba from 1959 to 1976, and President from 1976 to 2008.
So just how rich is Fidel Castro? Sources have estimated that Castro’s net worth is $900 million, most of his wealth has been accumulated during his career as a Cuban politician, and making him one of the richest people in Cuba.
Fidel Castro Net Worth $900 Million
Fidel Castro’s father, Angeles Castro, was the owner of sugar cane plantation, but his mother, Lina Eng Gonzales, worked as a cook. In 1945 Fidel registered in the Faculty of Law of the University of Havana, and during his studies became involved in the revolutionary movement. In 1947 Castro participated in an unsuccessful attempt to overthrow Dictator Rafael Trujillo, but still in 1950 he graduated from the with a doctorate in law, and the same year joined the Communist Party of Cuba. Castro organized the struggle against the dictatorship, and in 1953 led the revolution in Santiago de Cuba, after which he was sentenced to 15 years in prison, but was released after a year and went to Mexico, where he founded the July 26th movement. with the continuing goal of overthrowing the Cuban dictatorship.
With the growing number of partisans, in 1959 Castro successfully fought against the demoralized, poorly led army of President Batista, and as the definite Revolution leader, Fidel Castro became the commander of the army, and the same year Cuba’s prime minister. With this leadership Fidel Castro’s net worth was to increase steadily. In 1959 Castro announced Cuba to be a socialist republic, with private business and industry nationalized. Since this was the only communist country in America, signing trade agreements with the Soviet Union. Cuba immediately became a Cold War confrontation object between the Soviet Union and the United States, resulting in the abortive Bay of Pigs landing by anti-revolutionaries in 1961, and the Cuban missile crisis in 1962. (In 1961 the United States cut off diplomatic relations with Cuba, only restored in 2015.)
Fidel Castro remained prime minister until 1976, when the new constitution was created by the National Assembly, and he became the State Council chairman. He also kept command of the army and the Cuban Communist Party General Secretary posts, which has helped Fidel to increase his net worth. In 2006 due to deteriorating health of Fidel Castro, his brother Raul Castro took over the position of President. In 2008 it was announced that Fidel will not accept another presidential term and his brother Raul was elected as the country’s President, Castro remained First Secretary of the Central Committee of the Communist Party of Cuba until 2011. According to ‘Forbes’ magazine, Fidel Castro became the richest person in Cuba. In fact, reports of Castro big assets could be justified, as he had the control of almost all sectors of the economy in Cuba, and his net worth rose during all the years he was in power.
Fidel Castro has married twice and has nine children. His first marriage with Mirta Diaz-Balart lasted from 1948 to 1955. He has been married to Dalia Soto del Valle since 1980.