It’s tough to be a champion of the proletariat when you’re on Forbes’ “world’s richest people” list:
Cuban President Fidel Castro has criticized Forbes magazine for the “infamy” of listing him among the world’s richest people, with a net worth of $550 million.
How does the 78 year-old dictator rake in all that dough?
The magazine said Castro derived his fortune from a web of state-owned companies that include retail conglomerate CIMEX, pharmaceutical company Medicuba and a convention center near Havana.
But according to a Cuban government press release:
“The revenues of Cuban state-run companies are used exclusively for the benefit of the people, to whom they belong …”
(Via Mises blog.)