Bashar Al-Assad Net Worth
Bashar Al-Assad has an estimated net worth of $1.5 billion. As the successor to his father, Hafez, Bashar al-Assad has continued with his father’s brutal rule of Syria. He earns most of his income from his family’s kleptocratic business empire. Assad’s family is known to preside over massive state-owned conglomerates that control everything from telecoms to energy, including a vast illicit-narcotics enterprise.
Bashar al-Assad, who was born on September 11, 1965, had no intention of entering politics, let alone becoming Syria’s president. But a tragic death and a cunning father ensured that he would. Despite promising to be a transformational figure who would propel Syria into the twenty-first century, al-Assad has instead followed in his father’s footsteps, leading to calls for reform and the outbreak of a deadly civil war.
To calculate the net worth of Bashar Al-Assad, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as personal loans and mortgages, are included in total liabilities.
Here’s the breakdown of his net worth:
|Net Worth:||$1.5 Billion|
|Monthly Salary:||$5 Thousand|
|Annual Income:||$100 Million|
|Source of Wealth:||Politician, Physician|
Bashar Hafez al-Assad was born on September 11, 1965, as the second son of former Syrian President Hafez al-Assad and his wife, Anisa. In 1970, Hafez seized control of Syria through the Syrian military and the minority Alawite political party. He was able to integrate the military into his political regime with the help of fellow Alawite associates, and ruled Syria with an iron fist for three decades.
Bashar was raised in the shadow of his more dynamic and outgoing brother, Bassel, who was quiet and reserved. Bashar received his education at Damascus’ Arab-French al Hurriya School, where he learned to speak English and French fluently. He graduated from high school in 1982 and went on to study medicine at Damascus University, where he graduated in 1988. He completed his ophthalmology residency at the Tishreen military hospital outside of Damascus before moving to Western Eye Hospital in London, England, in 1992.
Bashar was a medical student at the time, and he had no plans to enter politics. Bassel’s father had been grooming him to be the next president. However, Bassel was killed in an automobile accident in 1994, and Bashar was summoned to Damascus. His life would soon change dramatically as his father moved quickly and quietly to have Bashar succeed him as president.
Bashar entered the military academy in Homs, north of Damascus, and rose through the ranks quickly, becoming a colonel in just five years. During this time, he advised his father, hearing citizen complaints and appeals, and leading a campaign against corruption. As a result, he was able to eliminate many potential competitors.
On June 10, 2000, Hafez al-Assad died. Syria’s parliament quickly voted to lower the minimum age for presidential candidates from 40 to 34 in the days following his death, allowing Bashar to run for office. Bashar al-Assad was elected president of Syria for a seven-year term ten days after Hafez’s death. In a public referendum, he received 97 percent of the vote while running unopposed. He was also named Ba’ath Party leader and military commander-in-chief.
Bashar was regarded as a younger-generation Arab leader who would usher in change in Syria, a region long dominated by aging dictators. He was well-educated, and many thought he could transform his father’s iron-fisted regime into a modern state. Bashar appeared eager to implement a cultural revolution in Syria at first. He stated early on that democracy was “a tool to a better life,” but he added that democracy in Syria could not be rushed. In his first year as president, he promised to reform government corruption and to move Syria toward computer technology, the internet, and cell phones of the twenty-first century.
Syria’s economy was in shambles when Bashar took over as president. After the Soviet Union collapsed in 1991, decades of support were lost. Syria’s squandering of oil revenues on its second-rate army exacerbated a severe recession in the mid-1990s. By 2001, however, Syria had many of the hallmarks of a modern society: cell phones, satellite television, trendy restaurants, and Internet cafes.
Nonetheless, economic reform proved difficult in the country’s state-controlled economy. Many of Bashar’s promised economic reforms had not materialized after his first year as president. The government bureaucracy was grossly overstaffed and largely corrupt, making it difficult for a private sector to emerge, and Bashar appeared incapable of making the necessary systemic changes to bring Syria and its 17 million people into the twenty-first century.
Bashar faced many of the same issues as his father in international affairs: a volatile relationship with Israel, military occupation in Lebanon, tensions with Turkey over water rights, and the insecure feeling of being a marginal influence in the Middle East. Most analysts believe Bashar carried on his father’s foreign policy, directly supporting militant groups such as Hamas, Hezbollah, and Islamic Jihad, though Syria has denied this.
Though a gradual withdrawal from Lebanon began in 2000, it was accelerated after Syria was implicated in the assassination of former Lebanese Prime Minister Rafik Hariri. The accusation sparked a public uprising in Lebanon and international pressure to withdraw all troops. Relations with the West and many Arab states have deteriorated since then.
Despite promises of human rights reform, little has changed since the election of Bashar al-Assad. Syria expanded its use of travel bans against dissidents in 2006, making it difficult for many to enter or leave the country. The Syrian Parliament passed a law in 2007 requiring all comments on chat forums to be made public. Social media sites such as YouTube and Facebook were blocked in 2008 and again in 2011. According to human rights organizations, political opponents of Bashar al-Assad are routinely tortured, imprisoned, and killed.
Following the successful regime changes in Tunisia, Egypt, and Libya, protests in Syria began on January 26, 2011, calling for political reforms, the restoration of civil rights, and the lifting of the state of emergency that had been in place since 1963. Outraged by the government’s inaction, the protests spread and grew in size.
In May 2011, the Syrian military retaliated with violent crackdowns in Homs and Damascus suburbs. Bashar promised a national dialogue and new parliamentary elections in June, but no change occurred, and protests continued. The following month, opposition activists formed a “National Council” to lead a Syrian revolution.
By the fall of 2011, many countries were calling for President Bashar al-resignation, Assad’s and Syria was suspended by the Arab League, prompting the Syrian government to agree to allow Arab observers into the country. The Reuters News Agency reported in January 2012 that the Syrian militia (Shabeeha) had killed over 5,000 civilians, while anti-regime forces had killed 1,000. The United Nations endorsed a peace plan drafted by former UN Secretary General Kofi Annan in March, but the violence continued.
A UN official stated in June 2012 that the uprisings had devolved into a full-fledged civil war. The conflict raged on, with daily reports of government forces killing scores of civilians and al-Assad regime claims that the killings were staged or the result of outside agitators.
In August 2013, world leaders, including US President Barack Obama and British Prime Minister David Cameron, condemned al-Assad for using chemical weapons against civilians. However, he was able to avoid foreign intervention with the help of Russian President Vladimir Putin, who agreed to assist in the removal of Syria’s chemical weapons stockpile.
Bashar al-Assad was re-elected in June 2014, and he continued his campaign against rebel forces while rejecting outside calls to step down. When Russia agreed to provide military assistance the following September, his position was strengthened. By February 2016, the conflict had claimed an estimated 470,000 lives in Syria and sparked international debate over how to deal with the millions of refugees fleeing the violence.
Following news of another round of chemical weapons attacks on civilians in April 2017, new US President Donald Trump ordered airstrikes on a Syrian airbase, drawing harsh condemnation from al-Assad and his Russian and Iranian allies.
One year later, in April 2018, more disturbing footage of dead or suffering Syrians emerged amid reports that al-Assad had used chemical weapons once again. According to activist groups in the area, helicopters dropped toxic gas-filled barrel bombs on Douma, the last rebel-held town in Eastern Ghouta, killing at least four dozen people. However, obtaining independent verification of the gassing deaths proved difficult, and both Syria and Russia denied responsibility, calling the attacks a “hoax” perpetrated by Syrian rebels.
Regardless, the news enraged President Trump, who called al-Assad a “animal” and even publicly chastised Putin for shielding Syria’s leader. A joint operation of American, British, and French forces conducted strikes on Syria early on April 14, successfully hitting two chemical weapons facilities and a scientific research center.
Meanwhile, a United Nations report found that North Korea shipped approximately 40 chemical weapon-type materials to Syria between 2012 and 2017. North Korea’s KCNA news agency reported in June 2018 that al-Assad was planning a state visit to meet with North Korean leader Kim Jong-un.
Related Lists of Celebrities’ Net Worth
- Businessmen Net Worth
- Actors Net Worth
- Authors Net Worth
- Athletes Net Worth
- Singers Net Worth
- Rappers Net Worth
- Politicians Net Worth
Who Are The 30 Richest People In The World?
The list of the world’s richest people can change from year to year, depending on their current net worth and financial performance. Here is the current list of the 30 richest people in the world, based on the latest Forbes list, and some interesting facts about each of them.