Fidel Castro Net worth and Political Career as a President

Fidel Castro was a Cuban politician and communist who led his country from 1959 to 2008. He also served as prime minister from 1959 to 1976 and president from 1976 to 2008. He was a Marxist–Leninist supporter of Cuban nationalism. From 1965 until 2011, he was the first secretary of the Communist Party of Cuba.

Under his leadership, business and industry were nationalized, socialist changes took place across society, and Cuba transformed into a one-party communist state.

Castro divided opinion worldwide and was the non-royal head of state for the longest time in the 20th and 21st centuries. His supporters see him as an anti-imperialist and socialist genius whose revolutionary system protected Cuba from US hegemony.

Now, let's discuss Fidel Castro's net worth and the source of his money.

Fidel Castro Net worth

Fidel Castro net worth at death is around about $900 million. News of his extravagant wealth never pleased Fidel. He said:

"I will resign if they can prove that I have an overseas bank account worth $900 million, $1 million, $500,000, $100,000, or just $1."

In contrast, a few well-known Cuban businessmen have claimed in recent years that Castro managed maybe over a dozen businesses during his lifetime, with a combined valuation of at least $500 million based on comparable foreign companies.

Personal Life

In October 1948, Castro married Mirta Díaz-Balart, his first spouse. The Cuban government recognizes Diaz-Balart as the only Castro wife. Diaz-Balart is the brother of Batista's Interior Minister and the daughter of a prominent Cuban politician.

Alina Fernández Revuelta, born in 1956, is Castro's only child. When he was married to Mirta, Castro had an affair with Natalia "Naty" Revuelta Clews.

After meeting Castro in 1961 while giving a speech at Villa Clara, Dalia Soto Del Valle became Castro's second and longest wife.

Following the 1970s, Castro started a lengthy relationship with Juanita Vera, a foreign intelligence agency Colonel who joined his bodyguard team to serve as his translator for English.

Early Life

On August 13, 1926, Fidel Alejandro Castro Ruz was born at his father's farm without legal status. After serving in the Spanish–American War, his father, Ángel Castro y Argiz, immigrated to Cuba from Galicia, a region in northwest Spain.

Castro moved to El Colegio de Belén, a Jesuit-run Havana school, in 1942. Castro was interested in debate, geography, and history at Belén, but he wasn't very good in school and spent most of his time playing sports.

After experienced politician Eduardo Chibás created the Party of the Cuban People in 1947, Castro became a member. Charming in person, Chibás promoted political freedom, social fairness, and honesty in governance.

According to American historian John Lewis Gaddis, Castro started as a revolutionary with no particular ideology. He was a student politician who later transitioned into a street warrior and guerrilla, an avid reader, a never-ending speaker, and a competent Fidel Castro baseball player.

Castro led a group of Cuban students to Bogotá, Colombia, in April 1948, which the Argentine government of President Juan Peron supported. After returning to Cuba, Castro rose to prominence in actions against the government's plans to increase bus prices.

Law and Politics

General Fulgencio Batista, the previous president who joined the Unitary Action Party, was Castro's guest. Although they both hated Prio's government, their encounter never progressed beyond polite generalities when Batista offered him a position in his ministry if he succeeded.

Prio went to Mexico when Batista took over in a military coup on March 10, 1952. After assuming office, Batista called for a "disciplined democracy" and called the upcoming presidential elections illegal. Like many others, Castro saw this as a one-person dictatorship because it prevented him from winning the election in his bid for the presidency.

Castro filed multiple lawsuits against the government with the intention of defeating Batista, but these actions were unsuccessful. Therefore, he started to consider other options for removing the government.

Fidel Castro hat: The army hat is one way that the military has influenced fashion. Known by many as military caps or Castro hats, army caps are stylish and functional accessories that may be worn all year round, regardless of the weather, be it sunny summer days or crisp spring days.

Cuba Revolution

Castro organized 165 rebels for the mission and instructed his soldiers to avoid violence unless they encountered armed opposition. On July 26, 1953, the attack was supposed to happen, but it encountered difficulties when three of the sixteen automobiles that had left Santiago failed to arrive.

 When the alarm was sounded upon arriving at the barracks, machine gun fire had most of the rebels pinned down.

The rebels were picked up over the next several days; Castro was among those who were taken to a prison north of Santiago, while others were put to death.

While imprisoned alongside 25 fellow prisoners, Castro created a school for prisoners and called his organization the "July 26 Movement" in honour of the anniversary of the Moncada attack.

Consolidating Leadership

Castro took the oath of office as Cuba's prime minister on February 16, 1959. In April, he went on a charm offensive to the US, but Vice President Richard Nixon, whom Castro hated immediately, was sent instead of President Dwight D. Eisenhower.

Castro made a name for himself as president of the National Tourism Industry. He pushed through inefficient laws to attract African-American travellers and promoted Cuba as an all-inclusive tropical paradise.

Castro officially announced that Cuba had reached a "Special Period in Time of Peace" when the Soviet bloc's advantageous trade policies ended. Petrol rations were drastically cut, factories producing non-essential goods were closed, and Chinese bicycles were imported in place of cars.

When Havana hosted the Pan American Games in 1991, housing for the participants and building a stadium was necessary. Although Castro agreed that this was a costly mistake, the event was successful for the Cuban government.

In front of foreign media, crowds frequently yelled, "Fidel! Fidel!" Cuba became the first country in Latin America to surpass the United States to the top of the gold medal standings.

Frequently Asked Questions

Q. Is Fidel Castro dead or alive?

Fidel Castro, a 90-year-old former president of the Council of State and first secretary of the Communist Party of Cuba, passed away on November 25, 2016, at 22:29 due to natural causes.

Q. Why did Fidel Castro have such power?

After returning to Cuba, Castro led the Movement in a guerilla war against Batista's forces from the Sierra Maestra. Castro became Cuba's prime minister and seized military and political authority following Batista's uprising in 1959.

Q. What is Fidel Castro quotes on Revolution?

"I began Revolution with 82 men. If I had to do it again, I do it with 10 or 15 and absolute faith. It does not matter how small you are if you have faith and a plan of action."