The latest evidence of the wealth accruing to the ruling family in Azerbaijan has been published on the Internet. This article by the Times details the real estate riches acquired by Heydar Aliyev, the 12-year-old son of the current president of Azerbaijan. Nine luxury properties in Dubai had been bought during a two-week period last year when the youth spent $44 million. In all, the president's children have real estate holdings of about $75 million.
This is wonderful. It's very important that young people be taught how to invest and save. The president is setting a fine example for other parents in Azerbaijan, encouraging his son's thrift and enterprise.
President Ilham Aliyev indeed sets a very notable example, and apparently, it has an effect. The country, after all, is recognized for its stubbornly high level of corruption.
It's also recognized for its high level of income disparity. While the president's son is investing millions of dollars in Dubai, the yearly gross national income per capita is roughly $666.
(As it happened, I needed to talk with someone in Azerbaijan this morning. The journalist I was contacting, however, couldn't talk because her newsroom was facing a momentary crisis. The news outlet's website was facing very strange and serious problems. Very mysterious. Perhaps the president does not want to share the news about his financially savvy son?)
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