Skip to content
I read the news so you don't have to

Forbes traced "Castro billionaire" myth to 2006 spin

Ted Cruz just claimed Fidel Castro was a billionaire to make a point about communist leaders stealing wealth. The source? A 2006 Forbes piece that counted the *value of nationalized firms he controlled* as personal net worth. That's not how any of this works. It's the same flawed math that counts a government asset as individual wealth, which would make every public official in every country bizarrely rich by the same logic. Cruz is laundering a bad metric into a political talking point.
Acyn @Acyn
Cruz: Fidel Castro was a billionaire. Putin is a billionaire. The leaders of communist regimes are always rich. They steal and rob from those they govern.
x.com Media

Source

x.com