Israel: Arafat's personal wealth is $ 3.1 billion

Israeli parliamentary sources on Wednesday quoted the chairman of the Israeli military intelligence Gen. Aharon Zeafi saying that the Palestinian President Yasser Arafat owns a fortune estimated at $ 3.1 billion.

Zeafi who submitted a report to the defense and foreign affairs committee in the Israeli Knesset said that Arafat's economic advisor Muhammad Rasheed "has almost organized the calculations of the Palestinian authority," but he could not succeed in halting "the imports monopolies in ( the Palestinian territories) which constitutes the source of Arafat's personal revenues."