Osama Bin Laden Net Worth
Mia Morrison What was Osama bin Laden’s Net Worth?
Osama bin Laden, the founder of al-Qaeda and a Saudi Arabian terrorist leader, had a peak net worth of $100 million. He was born into an extremely wealthy construction family and became involved in terrorism and the resistance movement in Afghanistan against Soviet occupying forces.
Bin Laden’s father, Mohammed bin Laden, launched a construction business that received billions of dollars in contracts, primarily from the Saudi Royal family. At the time of his death in 1967, Mohammed was the only Saudi Arabian billionaire who was not a member of the royal family. Each of his children inherited $20-30 million, equivalent to around $160 million in today’s dollars.
Today, the collective Bin Laden family is worth perhaps as much as $10 billion cumulatively.
Early Life and Education
Osama bin Mohammed bin Awad bin Laden was born on March 10th, 1957 in Riyadh, Saudi Arabia. His mother was Mohammed’s 11th wife out of 23. His parents divorced shortly after his birth. Osama studied economics and business administration at King Abdulaziz University and later studied English in Oxford during the early 70s. It is unclear which degrees he earned, but some sources state that he earned a degree in either civil engineering or public administration.
Osama was raised as a devout Sunni Muslim and became a fan of the soccer team Arsenal FC while living in England.
Osama bin Laden’s Life and Involvement in Terror Attacks
After leaving college in 1979, Osama bin Laden became involved in the resistance against Soviet forces in Afghanistan. He funded militants and smuggled weapons into the country, receiving support from the US government. In 1988, he founded al-Qaeda, leading to tension with the US. He was kicked out of Saudi Arabia in 1991 and left Sudan in 1996 after pressure from the US. In 1997, he allegedly funded the Luxor massacre and organized attacks on US embassies in Tanzania and Nairobi, killing hundreds. After claiming responsibility for the September 11th Attacks, he was pursued by various agencies, but little is known about his activities thereafter.
Mohammed bin Laden: The Royal Builder of Saudi Arabia
Mohammed bin Laden started his own construction business and became connected with the royal family of Saudi Arabia. Through shrewd business practices, unwavering loyalty to the Saudi monarchs, and the willingness to place the lowest bid on development contracts, Mohammed became incredibly wealthy. At one point, he was the richest non-royal individual in the country. After Prince Faisal issued a royal decree that all future construction projects be handled by bin Laden’s construction company, Mohammed’s wealth skyrocketed to $5 billion.
Bin Laden and Bush Family Connections
Questions have been raised about the connections between the bin Ladens and the Bushes. George W. Bush started Arbusto Energy in 1977, and Salem bin Laden invested in the company through a representative in 1978. Many bin Laden family members invested in the Carlyle Group, a private equity firm with George Bush Senior as a senior adviser. Bush Senior later stepped down when the bin Laden connection was revealed.
On 9/11, Bush Senior and James Baker met with Shafiq bin Laden, another of Osama’s brothers, at a Carlyle Group meeting. The White House mobilized planes to pick up bin Laden family members and get them out of the US without detaining or interrogating them.
Bin Laden Placed on FBI’s Most Wanted Lists
Following the 1998 US embassy bombings, Osama bin Laden was added to both the FBI’s Ten Most Wanted Fugitives and Most Wanted Terrorists lists. He became a prime target of the War on Terror, prompting the FBI to offer a $25 million bounty for his capture or death.
Osama bin Laden Killed in 2011 Raid
In 2011, members of the Obama administration announced that a special forces team had successfully located and killed Osama bin Laden in a raid at a compound in Pakistan.
Questions Persist About Validity of Osama Bin Laden’s Death
The US military’s decision to bury Osama Bin Laden at sea and the lack of photographic or DNA evidence supporting his death has led many to question the validity of the “official story.” Additionally, the narrative about the raid seemed to change depending on who was telling it, and there was a 25-minute blackout during the raid that wiped out the live feed from helmet-mounted cameras. Despite attempts to analyze proof of his death through the Freedom of Information Act, all requests have been denied, and a federal judge ruled that the Department of Defense did not need to reveal any evidence to the public. Senior Pakistani officials have argued that no raid ever took place, and some have suggested that Bin Laden died long before the 2011 raid.
As early as 2002, top FBI official Dale Watson stated his personal belief that “Osama Bin Laden is probably not with us anymore.”