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Where is Qaddafi's $200 Billion?

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  • Description

    FBN's Adam Shapiro breaks down where Qaddafi invested his $200 billion fortune.

  • Duration 2:58
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Interesting headlines crossing over the weekend living officials are estimating that Muammar Al Qaddafi had 200 billion dollars and investments around the world.

In cash gold real estate of more Adam Shapiro up in the news reports but that's stories up I -- this is so fastening but can the living is actually track exactly.

Where his money is.

Well it's of -- large amount of money to track we know for fact that some of -- in the United States some of -- in Europe and then roughly about thirty billion in just cash.

With sent out of the country the question becomes is it really 200 billion we spoke from fox to -- and -- In London and -- He was saying he's an analyst familiar.

We at Libya and Libya's oil income He said it's unlikely the figures 200 billion but what is known is that Moammar -- Had billions.

At his disposal thirty billion is frozen in Europe 37 billion frozen here in the United States.

Just wanna point out though that He may have been a savvy investor in life.

But He did make some mistakes.

We have some baseball card we call it a picture of sir Allen Stanford member Robert Allen Stanford Stanford international bank.

Few days before that Ponzi scheme blew up alleged Ponzi scheme has been convicted yet.

The Libyans invested 500 million -- mr.

Stanford so that money is gone.

As for the remaining possible 200 billion committed to trying to get it back -- that would require the United Nations to unfreeze the money that is frozen in Europe in the United States.

Oh that's interesting -- of what happens to.

These assets -- specially.

If the new Indian government which would even that is imitate taking shape that -- -- -- -- to work.

What happens at the new living government tries to go to the United Nations tries to goes to the US to get the assets they really wanna sell them off I mean right that the UN can say now well.

Well -- United States already has said they're going to move we are going to move quickly to unfreeze the 37 billion in assets and at 37 billion in gold real estate cash.

Investments in companies.

That was all within the last five to six years after.

Moammar Gadhafi agreed to give up his nuclear program that's -- 37 billion here thirty billion in Europe they say the European say.

They will move fast so far US has pledged to unfreeze one point five billion.

Of which we've turned over 700 million dollars.

If we chose the governance now -- -- if but if we trust the structure of the government I mean I regarded quite agency right and about.

Now -- -- questions over the weekend about exactly what this government is gonna look like and and frankly what side of the law that they're gonna observe.

Right.

Is it it's a national transition council right now and that's why the US is moving slowly before they -- look.

Good -- if you just go by the thirty and billion in Europe and 37 billion in the United States is the second wealthiest man on the was the second wealthiest man on the planet mine Carlos Slim.

And then.

It yeah it did.

It LB is to see when they finally begins -- to thank exactly understand find the assets and this exactly -- -- -- especially like you're saying He made a few mistakes when I'm in a lot of mistakes that Adams apparent thank you very much of.

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