State Department: Assad's family likely worth $1-2 billion

Publication titleIsrael National News (Israel)
In a report required by Congress, the State Department said it could only provide an "inexact estimate" with the Assads believed to hold assets under fictitious names or through opaque property dealings

"Estimates based on open-source information generally put the Assad family net worth at between $1-2 billion," said the publicly released part of the report, some of which was classified.

Quoting non-governmental and media reports, the State Department said that the Assads run "a complex patronage system including shell companies and corporate facades that serves as a tool for the regime to access financial resources."

The estimate includes the president's wife, brother, sister, cousins and uncle, most of whom are under US sanctions.

The State Department said it did not have enough information on the net worth of the president's three children, the youngest of whom is 17.

Since the start of the Syrian civil war in 2011, the US has sanctioned the...

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