Astonishing wealth of Gaddafi and his family revealed
Wednesday, March 2, 2011 at 07:18AM The astonishing wealth of Libyan tyrant Muammar Gaddafi and his family has been laid bare as countries around the world begin freezing billions of dollars worth of their assets.
The U.S. alone has seized $30billion (£18.5bn) of their investments, while Canada has frozen $2.4bn (£1.5bn), Austria, $1.7bn (£1bn) and the UK, $1bn ($600m).
These assets appear to be just the tip of the iceberg, as no one is yet certain exactly what the family owns around the world.
But they include an enormous portfolio of properties in the West End theatre and shopping district of London - worth $455m (£280m) as well as $325m (£200m) in shares in Pearson, the owner of the Financial Times and Penguin books.
The assets also include a $15million luxury mansion in an affluent suburb of North London.
Nestled among the homes of TV presenters and actors is the eight-bed home with a swimming pool, sauna, jacuzzi and suede-lined cinema room.
The house even has an electrically operated rubbish store, which raises and lowers eight bins into the ground before a steel plate folds over to hide them discreetly.
It was bought mortgage-free by Capitana Seas Ltd, a holding company registered in the British Virgin Islands and owned by Gaddafi's most high-profile son, Saif.
Residents in the neighbourhood have been campaigning to oust Saif, a former student of the London School of Economics, who acquired the property in 2009.
Read more: http://www.dailymail.co.uk/news/article-1361919/Muammar-Gaddafi-familys-astonishing-wealth-revealed.html#ixzz1FRaldG3r
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