US reports “billions of dollars” in assets of President Assad’s family

The above figure is given by the US State Department based on information on the net assets and known sources of income of President Assad and his family, according to Al-Awsat website.

“Evaluations based on open sources generally place the net worth of the Assad family at around $1-2 billion. However, this is an estimate and the State Department cannot independently confirm it.” set up” – the report stated.

The report provides the financial situation of President Assad and his wife and family members such as Assad’s brother and uncle.

However, the report does not have enough sources to estimate the net worth of President Assad’s three children, including Hafez, Zayn and Karim.

Syrian President Bashar Assad and his wife voted in last year’s presidential election. Photo: Reuters

According to the US State Department, it is difficult to accurately estimate the net worth of the Assad family because their assets are likely “spread out and hidden in multiple accounts, real estate portfolios, corporations and foreign tax havens”.

The report highlights that “any asset located outside Syria that has not been seized or frozen is likely to be under a false name or in the names of other individuals, with the aim of concealing ownership and circumventing sanctions.” “.

The State Department is obligated to submit “regular” reports on the Assad family’s finances after Congress passes a law requiring them to do so.

The US Congress has enacted economic sanctions against President Assad, who has regained control of most of Syria after a 10-year civil war that has killed nearly 500,000 people.

Mr. Rifaat al-Assad, uncle of President Mr. Rifaat al-Assad. Photo: AP