Arafat, Rich Desert Thug

Palestinian leader, Yasser Arafat, died today at the age of 75 due to complications related to a blood disorder believed to be leukemia. As the head of the Palestinian Authority and the Palestinian Liberation Organization (PLO), Arafat raised money from businesses, donations, and taxes for a nation without a homeland. It is widely known that Arafat purposely blurred the lines between money given to the PLO, the Palestinian Authority, and himself, so sorting out his true wealth after his death will be a difficult, if not impossible task.

There is huge speculation as to how much Arafat is personally worth. A recent Al-Jazeera article claimed his wealth was between $4.2 billion and $6.5 billion, although most believe that this is an estimate of all of the assets of the Palestinian Authority and Arafat’s wealth, not Arafat’s personal accounts. In 2003, U.S. officials estimated Arafat’s personal nest egg at between $1 billion and $3 billion, which most believe is more accurate. However, nobody can be certain of the exact amount.

The scary thing is that Arafat’s many accounts and bank codes may be in his head. If this is the case, there will be many Swiss bankers partying after his death, since this is where at least $1 billion is known to be deposited. Some of the money may be figuratively buried with him. Gee, and they say you can’t take it with you. Arafat apparently can.

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