10 Surprising Facts About Bashar Al-Assad Net Worth!.pdf

President of Syria Bashar al-Assad has become a subject of discussion around the world.
This article will also unveil all you need to know about bashar al-assad net worth and the financial resources that have placed him in this position of affluence.

Where is now Bashar al-Assad net worth? after his presidency was comedown by the Syrian peoples.
Key Takeaways

The current president of Syria Bashar al-Assad net worth of billions of dollars. The important thing to note about the Assad family is that Bashar al-assad net worth is from business, the state and internationally.
However, over the years, thanks to sanctions, the Assad family has only increased its worth. Bashar al-Assad’s spending is hugely disproportionate to the economic losses in Syria.

Bashar al-Assad net worth is more than other world leaders and makes decisions on Syria’s economy.
The Emergence of Syria’s Most Contentious X President Bashar al-Assad to the presidency of Syria was very unusual. From being a medical student he brought himself into the political limelight and became a political heir. Bashar was born in the year 1965 and he pursued ophthalmology at the University of Damascus.

His early life was spent studying engineering but he gave up that course after his elder brother Basil, who became the president of Uganda, was killed in a car accident in 1994.

Medical student and political prince
This Bashar al-Assad net worth story of Bashar started when the father of this man was determining that he would be the next president. Bashar al Assad was seen by Hafez al Assad the man who has been in power in Syria since 1970 as the next leader of the country. Bashar, who was often labelled as a political bruscher, was trained for the military before he was able to contest the presidency.

Succession to Presidency
Bashar succeeded his father Hafez al-Assad as president in 2000 when the late president died. This made the al-Assad family remain in total control of the Syrian government. People around the world either had high expectations about Bashar or were sceptical about his abilities to be a president.

1. PresidentofSyriaBasharal-Assadhas
becomeasubjectofdiscussionaroundthe
world.
Thisarticlewillalsounveilallyouneedtoknowaboutbasharal-assadnetworthand
thefinancialresourcesthathaveplacedhiminthispositionofaffluence.
WhereisnowBasharal-Assadnetworth?afterhispresidencywascomedownbythe
Syrianpeoples.
KeyTakeaways

2. ThecurrentpresidentofSyriaBasharal-Assadnetworthofbillionsofdollars.The
importantthingtonoteabouttheAssadfamilyisthatBasharal-assadnetworthisfrom
business,thestateandinternationally.
However,overtheyears,thankstosanctions,theAssadfamilyhasonlyincreasedits
worth.Basharal-Assad’sspendingishugelydisproportionatetotheeconomiclossesin
Syria.
Basharal-Assadnetworthismorethanotherworldleadersandmakesdecisionson
Syria’seconomy.
TheEmergenceofSyria’sMostContentiousXPresidentBasharal-Assadtothe
presidencyofSyriawasveryunusual.Frombeingamedicalstudenthebroughthimself
intothepoliticallimelightandbecameapoliticalheir.Basharwasbornintheyear1965
andhepursuedophthalmologyattheUniversityofDamascus.
Hisearlylifewasspentstudyingengineeringbuthegaveupthatcourseafterhiselder
brotherBasil,whobecamethepresidentofUganda,waskilledinacaraccidentin
1994.
Medicalstudentandpoliticalprince
ThisBasharal-AssadnetworthstoryofBasharstartedwhenthefatherofthismanwas
determiningthathewouldbethenextpresident.BasharalAssadwasseenbyHafezal
AssadthemanwhohasbeeninpowerinSyriasince1970asthenextleaderofthe
country.Bashar,whowasoftenlabelledasapoliticalbruscher,wastrainedforthe
militarybeforehewasabletocontestthepresidency.
SuccessiontoPresidency

3. BasharsucceededhisfatherHafezal-Assadaspresidentin2000whenthelate
presidentdied.Thismadetheal-AssadfamilyremainintotalcontroloftheSyrian
government.PeoplearoundtheworldeitherhadhighexpectationsaboutBasharor
werescepticalabouthisabilitiestobeapresident.
Basharal-Assadsagaindicatesthattheal-AssadfamilyremainsrelevantinSyrian
politics.Anotherexampleishowtheyplannedforhimtobeamedicalstudentandlater
hebecamethepresidentofthecompany.Thishasmaintainedtheal-Assaddynastyin
powerfordecades.
AnalyzingBasharal-Assadnetworth&Financial
Network
TheAssadfamilyhasitsbloodmoneyinSyriaandtheirbusinessdealingsreflectthis
fact.Syria’spresidentBasharal-Assadhasaccumulatedapersonalwealthestimatedat

4. aphenomenalfigure.Themanybusinessestogetherwiththestateassetsfundhis
wealth.
Basharal-Assad’snetworthcomesfrombusinessinvestmentsandhouses.TheAssad
familyhashadlinksintheoil,bankingandconstructionindustries.Itensuresthatthey
securerichcontractsanddominatetheSyrianeconomy.
TheSyriangovernmentissubstantiallyconnectedwithmajorSyriancompanies;such
asoilandgascompanies,banksandconstructioncompaniespartofwhichbelongsto
theAssadfamily.
ItissaidthatBasharal-Assadandhisrelativesstealstatemoney.Thisgoestheextra
mileinenrichingtheAssadfamily.
PeoplecanonlyguessaboutthetotalvalueofthepropertyoftheAssadfamilyandit’s
ratherdifficulttogiveaccurateestimatesastheyhidetheirmoneyinoffshorezonesand
haverelativesandfriendsindifferentcountries.

5. Syrianeconomyissignificantlyoligarchic,especiallywiththeessenceoftheAssad
family.Theykeepkeysectorsandassetsintheirhandsandgrasp.Thishasprevented
themfrombecomingbillionaires;nevertheless,itisdetrimentaltotheSyriancitizens.
InordertoknowwhySyriaisatwaritisimportanttoknowsyntaksehowBashar
al-Assadaccumulatedhiswealth.ItrevealsthekindofinfluencetheAssadfamilyhas
overthecountry.
OriginofAssadFamilyIncome
However,theincomeoftheSyrianAssadfamilyhasbeengenfrommanysources.
Theyholdtheleversofthecounty’sresourcesandfunds.Thishasassistedthemin
accumulatingamassiveamountofwealthovertheyears.
BusinessInvestmentsandInterests
TheAssadfamilyhasalsoinvestedinmanybusinessoutfits.Theywanttogaingood
dealsthroughpoliticalpoweranddominatesomeessentialbusinesses.Their
companiesare:EstateandConstructioncompanies,Telecommunicationcompanies,
andEnergycompaniesCompaniesintheSyrianeconomythathaveaffiliationswith
thesetycoon’sbusinessempiresincludeEstatesandconstructioncompanies,
Telecommunicationcompanies,andEnergycompanies.
StateResourcesandControl
TheAssadregimeiskeenonsupervisingSyrianstatefundsinaverytightmanner.
Theyconsumethecountry’soil,gas,andminerals.Theyalsooverseethesupplyof
theseproductsinthemarket,sendingmoneytotheirpocketsbesides.

6. GlobalFinancialConnections
TheAssadfamilyhasestablishedaratherintricatewebofoffencerelations.They
employtheuseoftaxhavens,companiesincorporationandinvestmentinother
countries.Thisassistsinconcealingitfromtheinternationalauthorities.
ThesefactorshavemadetheAssadfamilyveryrichandpowerful.Theyareamongthe
mostaffluentroyalfamiliesinthewholeworld.Becausetheirprimarygoalistomaintain
theirinfluenceovertheSyrianeconomy,andpoliticstheyprovokethewarinSyria.
HistoricalWealthAccumulationByTheAssad
Dynasty

7. Beforecomingtopowerin1970asSyria’sruler,theAssadfamilyfortunebeganwith
Hafezal-Assad.Inthiscapacity,hesetupafinancialempirewhilehewastheheadof
theSyrianBa’athParty.Thisempirelikestobecalledarepublicandhasfosteredit
underhissonBasharal-Assad.
TheAssadfamilytookownershipofthegovernment-runbusinessand
revenue-producingindustries.Thistheywereabletoaccumulatemuchwealthand
politicalmight.ThispositionhasmadethemremainwealthyformanyyearsinSyria’s
economy.
1.TheAsadParty’sGriponPower:Sinceseizingpowerin1970followedby
hisinstitutionalizationoftheSyriansystem.
2.Hafezal-Assadsuccessfullymonopolizedstatepowerandfurther
concentratedtheparty’sgriponpoliticalandeconomicinstitutionsinSyria.
3.TheAssadfamilypoliticallyconniveditselftocontrolthebest
income-generatingstate-ownedsectorsliketheoilandgassectorand
telecommunicationauthoritytonamebutafew.
4.DiversifiedBusinessHoldings:Thefamilygrewricherbyventuringinto
moreprovidingregionalventuresinsectorssuchasproperty,financial
services,andindustry.
5.DomesticandInternationalExpansion:TheAssaddynastycontrolsan
extensivebusinesswebwithinandoutsidetheMiddleEastincludingstocks
andassetsallaroundtheworld.
Financialcapital:theAssadclan’scapitalispoliticalpower,controlofthestateand
astutebusinessplanning.Bythishistory,weareabletogetsomeunderstandingofhow
theyhavebeenabletomaintaintheirwealthoversuchalongtime.Itiscrucialto
understandtheirfinancialimpactinSyriaandtherestoftheMiddleEast.

8. Basharal-AssadNetWorth:BreakingDowntheNumbers
ItisquitehardtofindoutaboutBasharal-Assad’snetworth.Theextentandrangeof
hispersonalfortuneandproprietorshipofotherassetsarequitepublic.Yet,theAssad
family’stotalassetsremainunknown.Okay,letseekingwhatwedo.comfindoutwhatwe
doknowandthentryandcomeupwithaneducatedguessatwhatisworthtoBashar
al-Assad.
Ingeneral,themeaningofPersonalAssetsand
Propertiescanbeasunder
Currently,Al-Assadmusthaveaccumulatedalotofmoney.Somehegotfromhisfamily
andgotthehandleonSyria’sstatebudget.Ihavereadsomereportsthathepossesses
somanyfashionablehousesinSyriaandsomerealestateinRussiabesidesother
towns.Healsoownsstakesincompaniesand,financialinstrumentsamplifyinghis
worth.
HiddenWealthEstimates
Thereishope,orexpectation,thatthereleasedfiguressuggestthatAssads’moneycan
beanywherefrom$1billionto$2billion.Basharal-Assadmighthave$1billionin
assets.
However,likealmostallauthoritarianregimes,Assad’sregimehasmurkyfinancial
affairs.Thesecretoffshoreaccounts,andshellcompanies.Thus,wearenotquitesure
ofjusthowmuchtheyhave.
AttemptingtodiscernjusthowrichtheAssadfamilyisisdifficult.Thisisbecausethey
holdtheirmoneysecretsandtheyhavemanyjunctionsoffinancialconnection.

9. Forthatreason,evenifonemakessomeassumptions,theactualestimateofthenet
worthofBasharal-Assad,theAssadfamilyricheshasremainedunknown.Theregime
buriestheinformationabouttheirsourcesoffinanceandhowtheyoperate.
EssayingtheStigmathatBefitsSyria’sEconomicCharacteristicsandAssad’sWealth
TheSyrianeconomywhichprimarilyconsistsofstate-ownedcompanieshasimmensely
benefitedBasharal-Assad’swealth.Indeed,duetothemonopoliesandpolitical
centralizationoftheeconomicsysteminthiscountry,alotofmoneyhasbeen
accumulatedbytheAssadfamily.
OrganizationofpowerandeconomyinSyria:thepolitical-economicnexus.TheAssad
regimehascloselydominatedthestrategicsectorssuchasoilandgas,realestate,and
telecommunication.ThiscontrolenablestherulingfamilytoEMBEZZLEstatemoney
andotherformsofincome.Thefirmhasdevelopedanextendedfinancialsystem
throughwhichithasincreaseditsriches.
●Syria’seconomyisstillmainlyinstatehandsandmanycompaniesare
directlyorindirectlycontrolledbytheAssadfamily.
●Thepoliticalcontroloftheregimehasenabledittosiphonoffstatemoney,
revenuesandresourcestopersonalandfamilybusiness,benefitsthathave
enrichedtheAssadfamily.
●FicklethingslikefavoritismandcorruptionrunrampantintheSyrian
economy,duetoAssad’sdynastyandtheircompletecontroloverSyrian
business.
Thisproximityofpoliticalmighttothecontrolofmaterialresourceshasaidedthosein
theAssadfamilytobecomewealthy.Despitehostileinternationalenvironmentssuchas
sanctions,andaravagingcivilwar,theirricheshavegrown.Asfundamentalto

10. understandinghowSyria’seconomyinfluencestheAssadfamily’swealthisthe
knowledgeofthefinancialempireownedbythefamily.
GlobalMeasuresImposedonAssad’sWealth
Consequently,thecivilwarinSyrianegativizedtheeconomicsanctionsfromthe
internationalcommunity.JustthesetargetedPresidentBasharal-Assadandthe
financialstructuresrelatedtohim.Theobjectivewastocutdowntheresourcesfrom
whichtheregimewasfinancingmilitaryoperationsandtherebellion.
WesternEconomicMeasures
TheUS,EUandotherdevelopedcountriesinitiatedsanctionsagainstAssad’s
government.Theyhavealsoprohibitedinvestment,anddeal-makingwithentitiesonthe
sanctionedlistthattargetedregimesassociatedwithindividuals&firmsinvolvedinthe
sanction’simplementation.ThiswasconductedtodismantleAssad’sfinancialchainshe
usestosustainthewar.
FinancialWorkarounds
However,sanctionswerecircumventedbytheAssadfamilyandalliestogetthemoney
theydesired.
Thoseemployedmail-boxcompanies,andothercomplicatedstructurestogetherwith
off-shorecompaniesforconcealingwealthandconductingglobalbusiness.
●Thus,R&Iwashelpingtofindawaytoavoidtheeffectofsanctions,for
example,financingandtradewithcountriessuchasRussiaandIran.

11. ●InternationalsanctionshavehowevertriedtocompulsiontheAssad
regime.Yet,theyhavesavedmuchwealthduetotheirlargesourceofthe
wealthandeconomicpowerofthefamily.
●Theproblemfortheinternationalcommunityishowtountanglesuch
intricatefinancialstructures.
AffluenceorRichnessInFocus:ConsumptionPatronageandSocialSpending.
ThenextSyrianPresidentisBasharal-AssadandhiswifeAsma;thefamilyhasa
luxuriouswayoflife.ThisisinstarkcontradictiontothesufferingoftheSyrianpeople
duringthecivilconflictintheircountry.Asmaal-Assad,calledthe“RoseintheDesert,”
istheheadofthefamily’sspending.
Thehousesandcarsrevealthefactthattheyarepowerfulbands.Theyhaveluxurious
housesinSyriaaswellasinothercountriesaddingthebestcomfortsandfashionable
furniture.Basharal-Assad’swifelovesluxury,andAsmaspendsthousandsofdollarson
luxuryfashiondesignerclothesandjewellery.
Luxuryvehiclesarealsopartoftheirexpenditure-mindednessandorientation.They
haveseveralluxurycarsfromfamouscarmakersintheirfleet.Theselifestyleaspects
oftheAssadfamilyareadisregardforthepooreconomicconditionsofSyrians.
Intheirexcessiveaffairs,theAssadfamilyisalsoabratinthrowingparties.Theydegust
thebestfoods,winesandentertainment.Theconsumptionindicatedbytheseprospects
furtherincreasesthesocialdividebetweentheSyrianleadershipandthesuffering
populations.
TheworldnowlookstoseewhatBasharal-Assad’swifeandtherestoftheAssadclan
areupto.TheirlavishlifestyleisintotaldisregardfortheSyrianpeople.Theyvaluethe
preservationofitsauthorityanddominanceatanygivenprice.

12. Conclusion
Ofcourse,itisimpossiblenottomentiontheincreaseintheassetsofBasharal-Assad,
theSyrianleader.Intheearliersectionsofthepaper,wehavediscussedthenatureof
theauthoritarianfamilybusinessasexemplifiedbytheAssads.Theyincludetheir
commercialactivities,accesstostateassetsandtheirfinancialnetworksaroundthe
world.
Basharal-Assad’sworthisthoughttobeinthebillions.Onthewhole,itdemonstrates
theenormousdifferencebetweentheAssads’comfortandtheSyrians’ordeal.
Sanctionsandwarcouldnotaffectthefamily’swealthasthiswoulddemonstratetheir
intelligentmoneydecisions.
GeneralknowledgeofBasharal-Assad’sassetscontributestounderstandingtheSyrian
case.Youwilllearnaboutpower,controlandtheimpactofauthoritariangovernments
onpeople.ThisexaminationprovidesacloserexaminationofSyrianpoliticsand
economics,thusmorevisibilityonthematterofwealthanditsimpactonitsfuture.