The case of H.E the late PM Meles Zenawi’s alleged wealth
By Eyassu Epheraim: London
Tigrai Online - July 06, 2013
There is an old Chinese proverb which says “One man tells a lie, dozens repeat it as the truth.” This may be true when we look at this new media frenzy, namely on FB, Internet and YouTube about the alleged wealth of His Excellency the late PM Meles Zenawi.
Apparently, His Excellency is one of the richest political leaders in our history. According to the Born Rich website His Excellency “had a net worth of $3 billion”. Wow, it would be nice if this was true for his family and children; however the truth is quite the contrary.
Some of my readers may say that, well we know it is not true, but others may say that honestly or dishonestly how dare you say this since the news is all over the internet. Yes it is all over the internet but I can assure you that even the people who run the Internet are on cloud cuckoo land when they put such information online. Here I explain how they got it wrong.
Before anything I would like to make clear that when I am writing this article I am not in a position to defend His Excellency’s reputation based on the knowledge I have of his bank account or lifestyle. However with all fairness I can confidently argue what has been posted on the website cannot and will not hold water. To show this I am going to use those so-called facts presented by the Born Rich Website itself.
Before that let me give you the historical background of the Born Rich website which is responsible for publishing such malicious information. Currently the Born Rich website is owned by a Canadian based Web Company called Valnet. According to the website’s statement “Valnet is an acquirer and operator of a variety of online assets in different sectors of the web which is from where it takes its slogan "Valnet Unites The internet". Based on their business strategy Valnet bought the Born Rich website from Indian born Ms Nandini Rathi the former owner and founder. According to the Media4Mana website “Canada based Valnet Inc has acquired BornRich.com, an online luxury site that covers lifestyle content, for an undisclosed amount.
While the terms of the acquisition were not disclosed, BornRich Founder Nandini Rathi has informed MediaNama that she was excited about the transaction. Then she has moved to Instamedia founder Ankit Maheshwari’s BetaOut, handling its marketing strategy. This deal was first reported by NextBigWhat”