Money Trail

Libya Goes After Gaddafi Assets

A nine-bedroom, $16 million home is one of the many assets the Libyan government is pursuing as it tries to recover the holdings of former dictator Muammar Gaddafi’s family. The total assets of the family ring up to $20 billion, estimates the British treasury ministry, including the home in London that was purchased by Gaddafi’s son, Saadi, a former professional soccer player. Assets are said to also include a vast portfolio of property, hedge funds, sports cars, and private jets. A group of squatters have occupied the London home, demanding that it be turned over to its “rightful owners,” the Libyan people. Britain officials froze the Gaddafi assets a year ago during the country’s uprising.