Mugabe estimated to be worth more than a billion dollars

President Mugabe - Estimated to worth 1 billion dollars

Zimbabwean President Robert Mugabe’s wealth has been estimated to be over a Billion United States dollars in value. However, the actual value is unknown because of the secrecy surrounding the 87 year old’s investments. According to cables released by whistle blowing syndicate WikiLeaks Mugabe’s riches were discussed by the United States. “….Unknown, but are rumoured to exceed US$1 billion in value, the majority of which are likely invested outside Zimbabwe. “We believe it will take extraordinary means — both sources and methods — to develop the detailed responses… We leave it to Washington to determine the value of deploying additional assets — both commercial and intelligence ones — to acquire this. “Post has no reliable information on, nor the resources or expertise to determine, the nature and extent of Mugabe’s overseas assets.

They are rumoured to include everything from secret accounts in Switzerland, the Channel Islands, and the Bahamas to castles in Scotland,” reads the cables. Over the years Mugabe has challenged the West to prove the claim that he has investments outside Zimbabwe. The cables were released simultaneously with a report that Mugabe’s wife, Grace was hoodwinked by a Chinese businessman Ping Sung Hsieh. Ping Sung Hsieh fell out with Mugabe’s family over a botched trucks deal in which Grace Mugabe is claiming that the businessman, now living in neighbouring South Africa, stole $1-million from her. Evidence that came to light this week is that Hsieh was used as a front to buy a mansion in Hong Kong worth more than US$7 million dollars for the Mugabe family where their daughter studying in Hong Kong stays. Also in the cables are revelations that some Zanu PF Ministers forced international dairy company Nestle Zimbabwe Limited to buy milk from Mugabe’s dairy farm Gushungo, named after his totem. The company’s accounts were frozen among other trade restrictions as a way of forcing it to buy Milk from the first family.

© 2011, Vladimir Mzaca. All rights reserved. – The views expressed here are purely those of the author and not necessarily those of the publishers. – Newstime Africa content cannot be reproduced in any form – electronic or print – without prior consent of the Publishers. Copyright infringement will be pursued and perpetrators prosecuted.

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