10 MOST CORRUPT MILLIONAIRES

1. JOSEPH LAU, CHINA
With a fortune estimated as over $13 billion, the businessman was convicted of corruption in 2014. Lau recently made headlines for sprending US$77 million on two extremely rare diamonds, including the famous Blue Moon, which he bought for his seven years old daughter.


2. RUPERT MURDOCH, AUSTRALIA AND THE UNITED STATES
The Australian media mogul's empire, estimated at $12.4 billion, is crawling with corrupt employees and their unscrupulous stratagem. Economics professor Bill Black, who developed the "control fraud" concept, has condemned oligopolies such as Murdoch's.


3. WONG KWONG-YU, CHINA
The 46 years old billionaire made his fortune in electronics retail with his company GOME. In 2010 he was found guilty of corruption, insider trading and for bribing police and tax officers within the Chinese government.


4. SILVIO BERLUSCONI, ITALY
Italy's former prime minister built his US$6.6 billion fortune in media, sports and construction. Found guilty of tax fraud and of having sex with an underage sex worker, he was expelled from the Italian senate.


5. TEODORO OBIANG NGUEMA MBASOGO, EQUATORIAL GUINEA
While the country may be one of the world's poorest, the president's personal wealth is estimated at $600 million. His fortune comes for Equatorial Guinea's oil revenues and from drug trafficking. He and his family won several luxury mansions and cars all over the world.


6. ROBERT ALLEN STANFORD, UNITED STATES
He was one of the richest people in the world and lived a life of extreme privilege. Then in 2012 he was sentenced to 110 years in prison for having established a $7 billion Ponzi Scheme.


7. THE UZAN FAMILY, TURKEY
In 2009, Motorola and Nokia won a $4.8 billion judgement against Uzan family. They fled Turkey in 2010 following allegations of corruption, seeking political asylum in France. Cem Uzan, son of the fourth richest person in Turkey, was sentenced to 23 years in prison for corruption.


8. PLATON LEBEDEV, RUSSIA
The Russian businessman is former CEO of a large oil holding, Group Menatep. In 2009 he was sentenced to nine years in prison for tax evasion, money laundering and corruption. Upon his release in 2014, he was as confident and as rich as ever.


9. HAMID KARZAI, AFGHANISTAN
The country's first elected president brought hope for a better life for Afghans. Towards the end of his reign, however, Karzai was seen as a corrupt politician. He made millions through the drug trafficking trade, and his family became known as the Karzai cartel.


10. ALI AKBAR HASHEMI RAFSANJANI, IRAN
The one time president of Iran is today the chairman of the country's Expediency Discernment Council and one of the richest people in the country. His pistachio wholesale and real estate companies teaming with corruption have helped Rafsanjani built a fortune.

No comments