Raul Castro Net Worth
Raul Castro has an estimated net worth of $100 million. Raúl Castro succeeded his brother Fidel Castro as president of Cuba in 2008. Previously, he served as the country’s defense minister and head of armed forces. He earns most of his income from his political career.
Ral Castro became interested in politics as a young man and joined a socialist youth group. He took part in the revolution that brought his brother, Fidel Castro, to power in the late 1950s, and was soon appointed head of the armed forces. In the decades since, he has also served as defense minister and deputy prime minister of Cuba. Ral, who was formally named Fidel’s successor in 2008, implemented a number of social, economic, and political reforms, including the restoration of diplomatic ties with the United States, until stepping down in 2018.
To calculate the net worth of Raul Castro, 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:||$100 Million|
|Monthly Salary:||$1 Million|
|Annual Income:||$12 Million|
|Source of Wealth:||Politician|
Raul Castro was born on June 3, 1931 in the town of Birán, Cuba. Ral Castro grew up on his father’s farm with his older brother, Fidel Castro, as the sixth of seven children born to a Spanish landowner and his Cuban wife. They were both expelled for inappropriate behavior.
Ral studied social sciences in college as a young man in Santiago and Havana. Ral, on the other hand, was a mediocre student who, after leaving school, went to work in his father’s fields. He also joined a socialist youth group and began to participate in protests and other political activities with Fidel.
Ral joined Fidel in an attempt to depose the repressive Cuban dictator Fulgencio Batista in 1953, but the two brothers were imprisoned after a failed attack on a military base. When they were finally pardoned and released in 1955, they fled to Mexico, where they planned to return to Cuba the following year to try to overthrow the Batista regime once more.
Ral helped his brother in a variety of ways over the next few years, including leading a group of the movement’s guerrilla fighters. Finally, in 1959, Batista fled Cuba, and Fidel took over as president. Ral was quickly appointed head of the armed forces and, among other things, ordered the execution of 100 of Batista’s military officers, earning himself a reputation as a hard-line communist early on.
Ral Castro held numerous government posts as Fidel Castro’s second in command and played an important role in shaping Cuba’s political history. Ral was the country’s defense minister from 1959 to 2008, during which time he played a key role in the events leading up to the Bay of Pigs invasion and the Cuban Missile Crisis. He was appointed deputy prime minister in 1962 and first deputy prime minister in 1972. He was also the first vice president of the Council of State and the Council of Ministers, and when the Soviet Union collapsed, causing economic fallout in Cuba, Ral implemented reforms to help the country recover.
Ral was widely expected to succeed Fidel Castro as Cuba’s leader. Fidel officially named Ral his successor in October 1997, and Ral gradually began to assume more responsibilities over the next decade. Fidel Castro delegated control of the Cuban government to Ral in 2006 while he underwent surgery for gastrointestinal bleeding.
It was the first time Fidel had officially relinquished power, and it fueled speculation that Fidel’s health was deteriorating. Fidel Castro resigned as Cuba’s leader two years later, in February 2008, and Ral was elected as the country’s new president five days later by the National Assembly.
Despite his reputation as a devoted communist, Ral Castro went on to implement a slew of social, economic, and political reforms, including the removal of restrictions on commerce and travel for its citizens, the privatization of portions of military and government infrastructure, and the opening of the country to foreign investment.
These were part of an ambitious economic initiative that included 300 distinct reforms, many of which appeared to contradict Fidel Castro’s economic policies as part of the Cuban Revolution. Ral also established a two-term limit for the presidency (each term is five years) in 2011, and when reelected in 2013, he announced his intention to leave politics at the end of his second term.
Raul Castro and American President Barack Obama were photographed shaking hands after a memorial service for South African President Nelson Mandela in December 2013, indicating that decades of political tensions between the US and Cuba may be easing. This was confirmed the following December, when both Castro and Obama announced that they were working to normalize diplomatic relations, with the exchange of political prisoners highlighting their efforts.
For the first time in 54 years, the Cuban embassy reopened in Washington, D.C., in July 2015, and an American embassy reopened in Havana the following month. Prior to this, each country only had a “special interest section” in the other country.
It was revealed that the détente between Cuba and the United States was initiated by Pope Francis, who wrote separate letters to each leader in the fall of 2014, encouraging them to “resolve humanitarian questions of common interest.” In October, the Pope hosted a delegation from each country in a secret meeting at the Vatican, paving the way for relations to be restored.
In September 2015, Castro welcomed Pope Francis, the third pope to visit Cuba, for the Mission of Mercy. The visit made headlines for a variety of reasons, not the least of which was the president and Pope’s goodwill. Castro even joked that he might return to church under the influence of the Pope.
On November 25, 2016, Castro announced the death of his brother Fidel at the age of 90 on Cuban state television. He concluded his speech with a revolutionary slogan: “Always toward victory!”
Stepping Down From the Presidency
Despite his numerous accomplishments, Ral Castro stated that he did not want to follow in his brother’s footsteps by serving in office for decades. During a state visit to Mexico in late 2015, Castro reiterated his intention to resign in 2018, telling the Mexican president and press, “I will not become the great-grandfather nor the great-grandson because otherwise Cubans would get tired of me.”
Castro kept his promise in 2018, stepping down to allow the National Assembly to vote on his hand-picked successor, Miguel Daz-Canel. With Dz-confirmation Canel’s in April, Cuban leadership shifted away from a Castro brother for the first time in nearly 60 years, though Ral was expected to remain the Communist Party’s leader for the foreseeable future.
Ral married Vilma Espn in January 1959, a woman who was a part of the Castro revolution and served as a messenger for them while they were exiled in Mexico. Ral and Vilma were married until her death in 2007, and they had three daughters and one son together.
While Castro avoids the hours-long public and private discourses that characterized his brother’s leadership, he does not shy away from elaborating on his political and philosophical views at length, whether in speech or writing. Castro joked in a 2008 interview with American actor and activist Sean Penn, “When Fidel finds out I’ve spoken to you for seven hours, he’ll make sure to give you seven and a half when you return to Cuba.”
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