Saddam Hussein Net Worth

What Is Saddam Hussein Worth?

Saddam Hussein's Net Worth is $2 billion

1957

In Baghdad, he attended the al-Karh Secondary School and later dropped out. Soon he was introduced to the Ba’ath Party which derives its name from Ba’athism, an Arab nationalist ideology advocating creation of single-party states to end the political pluralism prevalent in the Arabian countries. He was deeply influenced by this ideology and became an active member of the party in 1957.

 

1958-1959

In 1958, Faisal II, the last king of Iraq, was overthrown by an army led by General Abd al-Karim Qasim, a Ba’athist, in what is known as the 14 July Revolution. Iraq was declared a republic and Qasim became its Prime Minister who, despite being a Ba’athist, opposed the idea of Iraq joining the United Arab Republic. His alliance with the Iraqi Communist Party earned him the resentment of the Ba’ath Party and prompted other party members to act against him. A plan to assassinate the prime minister was formulated and Saddam was asked to lead the operation. On October 7, 1959, in a bid to slay Qasim, the group started shooting but, due to a serious misjudgment on their part, the prime minister was only wounded. The assassins however assumed that Qasim was dead and fled the spot. After the failure of the plot, fearing arrest Saddam Hussein fled to Syria where he was offered asylum by Michel Aflaq, one of the co-founders of Ba’athism. Aflaq, impressed by his dedication to Ba’athism, later made him one of the leaders of the Ba’ath party in Iraq.

 

1963-1967

In 1963, Qasim was ousted by the members of Free Officers of Iraq, an undercover militant organization, with the help of the Ba’athists. Abdul Salam Arif, a member of Free Officers of Iraq, became the president and appointed a number of Ba’ath leaders into his newly formed cabinet. Saddam, along with some other exiled leaders, returned to Iraq with hopes for a better future but to their surprise, Arif sacked all the Ba’athist leaders from his cabinet and ordered for their arrest. In 1966, while still in prison, Saddam was appointed the Deputy Secretary of the Regional Command of the Ba’ath Party. He escaped from prison in 1967 and resolved to reorganize and revive his party and strengthen its stance in Iraq.
1968

The year 1968 proved to be fruitful for him as, in a bloodless coup by his party, the-then president Abdul Rahman Arif was overthrown and Ba’athist leader Ahmed Hassan al-Bakr became the new president with Saddam as his deputy.

  • Though al-Bakr was the president, it was the deputy who really wielded the power at the center and introduced himself as a revolutionary leader of Iraq, addressing the nation’s major domestic issues while working towards its progress.

 

1979

In 1979, President al-Bakr began his initiatives to unite Iraq and Syria, which would have made the Syrian President Hafez al-Assad the deputy leader of the new government. This move was obviously seen as a threat by Saddam as Assad’s popularity would have overshadowed him.

He pressured al-Bakr to resign and declared himself the new president, calling off the plans for the unification. After taking over as the cabinet head, he summoned an assembly in which the names of 68 people, allegedly his political foes, were read out loud and all were tried and found guilty of treason. While only 22 of them were given death sentences, by early 1979 most of his adversaries had been executed.

The same year, an Islamic revolution led by Ayatollah Khomeini in Iran, was beginning to penetrate into Iraq. This dictator, whose power and stability rested mostly on the minority Sunni population of his country, grew anxious as the uprising profoundly influenced the Shi-ite Iran and the risks of a similar revolt in Iraq escalated.

 

1980

To avoid any internal rebellions in Iraq, he sent his armed forces to conquer the oil-rich region of Khuzestan in Iran on 22 September 1980. This move was the final straw for the neighboring Iran and what could have remained only as a conflict, took a turn for worse and a war broke out between the two neighboring nations.

  • Europe and the US, along with the Arab states of the Persian Gulf, overlooked his ruthless use of weapons of mass destruction during the war, which claimed the lives of thousands of civilians. Basically, all these nations feared the spread of Islamic fanaticism in Arab and therefore, pinned all their hopes on his modernistic outlook.

 

1988-1990

Finally, on August 20, 1988, after the war had wrecked a massive devastation on both the sides and killed at least a million people, a ceasefire was called for and the war was put to an end.

  • The war had taken a huge toll on Iraq’s economy and infrastructure, which demanded immediate attention of the government and the country was confronted with the task of rebuilding itself. The president desperately looked for ways of regaining his socio-economic supremacy in the region.

His first move was approaching the wealthy and flourishing state of Kuwait, to get a debt of $30 million, borrowed during the war, pardoned. Later however, Kuwait’s refusal to raise the exporting oil prices on Iraq’s insistence led to tensions between the two countries. Frustrated by Kuwait’s insubordination and desperate for immediate financial revival of his country, Saddam cornered Kuwait claiming that it was historically a part of Iraq and even had oil reserves within its disputed boundaries. Later, using the same premise, he invaded this oil rich nation on August 2, 1990.
1990-1991

On 28 August 1990, Kuwait was annexed to Iraq and was declared the 19th province of Governorate of Iraq. His invasion of Kuwait was harshly condemned by the Gulf nations and almost all of them turned against him. The United States was also against this move and collaborated with the UN to pass a resolution in August 1990, which ordered the evacuation of Iraqi army from Kuwait by January 1991. It was this belligerent dictator’s open defiance of this resolution which led U.S to send its forces to drive the Iraqi troops out of Kuwait in February 1991. A ceasefire agreement followed and Iraq was asked to surrender and dismantle its chemical weaponry. Despite an embarrassing defeat, the Iraqi president blatantly claimed his victory in the Gulf conflict.

 

1993-1998

In 1993, his troops continually violated the ‘no-fly zone’ enforced after the Gulf War. The U.S. soon retorted and bombed Iraq’s intelligence headquarters in Baghdad on 26 June 1993. After a brief period of compliance, Iraq violated the no-fly zone yet again in 1998 to the ire of the US. US also accused Iraq of continuing its weapons programs and launched a series of missile attacks on Baghdad which continued till February 2001.

 

2001-2003

Later, in September 2001, when the twin tower attacks occurred, U.S claimed that Saddam Hussein and al-Qaeda were jointly involved in the act. Consequently, Bush administration declared ‘War on Terror’ and the US troops invaded Iraq in 2003.

On 20 March 2003, after intermittent attacks, the U.S. captured most of Iraq and ordered the arrest of Saddam. He went underground but kept releasing audio tapes disparaging the U.S. invasion. Meanwhile, his sons Uday and Qusay, and his 14-year-old grandson Mustapha were killed in an encounter with the U.S. troops, in July 2003.

 

2003-2006

Finally, on 13 December 2003, his whereabouts were successfully tracked and he was captured near a farmhouse in ad-Dawr, hiding in a small trench. He was shifted to the U.S. base in Baghdad where he remained till June 30, 2004, before being handed over to the temporary Iraqi government for trial. After being found guilty of several crimes against humanity, this former Iraqi president was sentenced to death on November 5, 2006. He was hanged on 30 December 2006, first day of Eid ul-Adha, against his wish to be shot, which according to him was a more honorable way of dying.

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Saddam Hussein Biography

When Saddam Hussein took over as the fifth President of Iraq, hardly did the world realize that an era of strife, war and communal violence awaited the entire Middle-East. With the power vested in him, he showed Iraq the vision of a future which, if fulfilled, would have been a reality much envied even by the prosperous West. Indeed, within the first few decades of his reign, Iraq was on a road to such glory that it had not seen in ages. It is often stated that the country witnessed its best and worst days under him. The strategies he employed to settle what seemed like an eternal religious unrest in Iraq were beyond praise and he won great appreciation from both his countrymen and around the world. Illiteracy, unemployment and poverty were long forgotten words during his regime and Iraq’s evolution was on a fast-track. Saddam also basked in the splendor of the economic, social and industrial expansion of his country until the outbreak of the Iraq-Iran war. The days of glory were short lived and soon, owing to never ending conflicts and battles with the neighboring countries, and later with the West, the country was reduced to a barren land.

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