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Cuba's centenary for Fidel Castro exposes deep‑rooted kleptocracy — The Debate

The Debate Published Aug 13, 2026 Reviewed Aug 18, 2026 ✓ Reviewed by citations.press editors
Cuba's centenary for Fidel Castro exposes deep‑rooted kleptocracy — The Debate
Forbes estimated Fidel Castro's net worth at $900 million (€780 million).
900 $ · Fidel Castro780 € · Fidel Castro Forbes, estimator
89 percent of the Cuban population live in extreme poverty.
89 % · Cuban population
The ruling class of Cuba controls cash reserves estimated at $18 billion (€15.6 billion).
18 $ · Castro family and senior military figures15.6 € · Castro family and senior military figures
The first sustained nationwide blackout in Cuba occurred in 2022.
2022 · Cuba's national power grid
Energy shortages forced the Cuban government to cancel the May Day celebrations in 2023.
2023 · Cuban government
Spain has provided €4.994 billion in debt restructuring and forgiveness to Cuba since 2016.
4.994 € · Spain Instituto Juan de Mariana, report
The EU has more than doubled its assistance to Cuba to €125 million for the 2021‑2027 period.
125 € · EU Instituto Juan de Mariana, report

As Cuba marks Fidel Castro's 100th birthday, the stark gap between elite wealth and public hardship is laid bare.

As Fidel Castro approaches his 100th birthday on 13 August 2026, the island nation is confronting a stark contrast between lavish elite lifestyles and a crumbling public infrastructure.

Fidel Castro died in 2016 after handing power to his brother Raúl Castro in 2006. Communist parties worldwide plan to host foreign visitors for the anniversary, while ordinary Cubans continue to endure extreme poverty.

Forbes once estimated Castro's net worth at $900 million (€780 million). In a tell‑all memoir, former bodyguard Juan Reinaldo Sánchez described the leader's dozens of luxury homes, yachts and a private island, assets that stand in stark contrast to a population where 89 percent live in extreme poverty.

Before the 1959 revolution, Cuba possessed a sizable middle class and strong labour unions that defended workers' rights. Even under the Batista regime an independent judiciary survived, allowing lawyers to represent clients rather than the state.

The revolution replaced that system with a new ruling class composed of the Castro family, senior military figures and their inner circle, who now control cash reserves estimated at $18 billion (€15.6 billion). While they reside in opulent homes at home and abroad, millions of Cubans lack basic food and medical care.

State investment has favoured luxury hotels equipped with private generators, while the national power grid has deteriorated over decades. The first sustained nationwide blackout occurred in 2022, after years of regional outages.

Energy shortages forced the government to cancel the May Day celebrations in 2023, a rare concession to the health sector. By 2026 the regime resumed large‑scale public events, using fuel‑intensive lighting and sound systems for propaganda despite ongoing blackouts.

Hospitals have reported falling child‑cancer survival rates, delayed surgeries and disrupted maternal care, all linked to the chronic energy crisis.

European aid has inadvertently bolstered the dictatorship. According to a July 2026 report by the Madrid‑based Instituto Juan de Mariana, Spain has provided €4.994 billion in debt restructuring and forgiveness since 2016, while the EU has more than doubled its assistance to €125 million for the 2021‑2027 period.

These funds help sustain the state apparatus and elite privileges, even as ordinary Cubans struggle to meet basic needs. The flow of European money underscores the broader challenge for EU member states, particularly Spain, to reconcile human‑rights concerns with longstanding financial ties.

In contrast to Fidel's modest public image, current elites display conspicuous wealth abroad, such as the stepson of President Miguel Díaz‑Canel Bermúdez who was photographed in Madrid with Hollywood star Ana de Armas in December 2024.

The disparity between revolutionary rhetoric and the lived reality of the Cuban population remains stark, making the centenary a reminder of a kleptocratic legacy rather than a cause for celebration.

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