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Home News Middle East War in Syria

Enjoying Moscow: Assad's new life

Former Syrian ruler finds refuge under Putin's protection with billions in real estate portfolio.

by  Neta Bar
Published on  12-11-2024 01:00
Last modified: 12-11-2024 17:03
Enjoying Moscow: Assad's new life

Assad and the luxury project in Russia.

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Russian Deputy Foreign Minister Sergei Ryabkov confirmed Wednesday morning the presence of former Syrian ruler Bashar al-Assad on Russian soil, validating widespread speculation that President Vladimir Putin had granted political asylum to the Syrian dictator.

After ruling his country for nearly a quarter century, Assad has now joined the millions of refugees who fled Syria during its civil war, officially going into exile. But for those of us accustomed to the Syrian ruler over the years, and perhaps feeling sympathy for the tall, lanky eye doctor, the following details might change that perspective.

Civilians roam Bashar al-Assad's luxurious presidential palace following his escape from the country. Photo: AP Photo/Hussein Malla

Russian media outlets recently reported extensively on the Assad family's assets within the Russian Federation, with their astronomical value revealing the incredible scale of the Assad regime's plunder from its citizens. According to reports, President Assad owns 18 luxury apartments in the prestigious City Capitals project, while other family members hold an additional 20 luxury units in the development. Together, the family controls substantial portions of two skyscrapers in central Moscow's financial district.

Civilians roam Bashar al-Assad's luxurious presidential palace following his escape from the country.
Photo: AP Photo/Hussein Malla

It remains unclear whether Assad plans to house family members who fled Syria's dire circumstances in these numerous apartments or intends to rent them for substantial income. Additional reports indicate Assad owns other global assets worth at least $2 billion.

A man holds an AK-47 and flashes the victory sign as he poses for a photo in a hall of Syrian President Bashar Assad's presidential palace in Damascus, Syria, Sunday, Dec. 8, 2024 (Photo: AP/Hussein Malla) AP

Western media outlets have suggested Assad plans to retire from political life and return to his work as an ophthalmologist at hospitals in Russia and the United Arab Emirates. While the accuracy of these reports remains uncertain, given the estimated wealth the ruler has positioned outside Syria's borders, he likely won't need to work a single day for the rest of his life.

Tags: Bashar al-Assadreal estateRussiaSyriaSyrian warVladimir Putin

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