Editing Haile Selassie (section)

== Residences and finance ==

[[File:Palace in Ethiopia.png|thumb|211x211px|The [[National Palace, Addis Ababa|Jubilee Palace]] served as the residence of Selassie since 1955]]

In 1974, Ethiopian media during the revolution claimed the Emperor had a net worth of 11 billion dollars.<ref>{{Cite news|last=Mohr|first=Charles|date=1 December 1974|title=Ethiopians claim Selassie Fortune|url=https://www.nytimes.com/1974/12/01/archives/ethiopians-claim-selassie-fortune-moving-of-women-comirmed-his-own.html|url-status=live|work=The New York Times|access-date=4 May 2024|archive-date=23 December 2018|archive-url=https://web.archive.org/web/20181223173418/https://www.nytimes.com/1974/12/01/archives/ethiopians-claim-selassie-fortune-moving-of-women-comirmed-his-own.html}}</ref> However, records indicate that
Selassie's entire net worth was just £22,000.00 as late as 1959.<ref name="KING OF KINGS p. 209">{{harvnb|Asserate|p=209}}</ref> He was also accused by the Derg to have hoarded millions in [[Banking in Switzerland|Swiss banks]], claiming Selassie illegally acquired the money from exploiting the Ethiopian people.<ref>{{Cite news|date=8 September 1974|title=Selassie Is Accused of Hoarding Millions|url=https://www.nytimes.com/1974/09/08/archives/selassie-is-accused-of-hoarding-millions.html|url-status=live|archive-url=https://web.archive.org/web/20220220223115/https://www.nytimes.com/1974/09/08/archives/selassie-is-accused-of-hoarding-millions.html|archive-date=20 February 2022|work=The New York Times}}</ref>

The Jubilee Palace, built in 1955, served as the official residence of the head of state of Ethiopian Empire from 1955 to 1974. The Palace sits on {{convert|11450|m2}} in the center of Addis Ababa, the capital of Ethiopia since 1889.<ref>{{Cite web|date=20 July 2020|title=AFD provides assistance for the National Palace renovation|url=https://www.capitalethiopia.com/capital/afd-provides-assistance-for-the-national-palace-renovation/|url-status=live|archive-url=https://web.archive.org/web/20220506105918/https://www.capitalethiopia.com/capital/afd-provides-assistance-for-the-national-palace-renovation/|archive-date=6 May 2022|access-date=4 May 2024|website=Capital Ethiopia}}</ref> The Palace's estimated initial construction cost and its value today are undisclosed, but due to its size, location and historical importance, its value would be in the hundreds of millions of dollars.<ref name=":0">{{Cite web|last=Fortune|first=Addis|title=New Headquarters for National Palace Administration|url=https://addisfortune.net/articles/new-headquarters-for-national-palace-administration/|access-date=22 October 2022|website=addisfortune.net|date=30 November 2015|language=en|archive-date=24 December 2022|archive-url=https://web.archive.org/web/20221224085602/https://addisfortune.net/articles/new-headquarters-for-national-palace-administration/|url-status=live}}</ref>

Selassie owned a large fleet of cars including ones gifted to him during overseas visits, which may be worth millions of dollars.<ref>{{Cite web|title=የኢትዮጵያ ልክ ከግቢ እስከ ሀገር Jubilee Palace @ArtsTvWorld|url=https://www.youtube.com/watch?v=de8QMsqRQ88|publisher=ARTS TV|publication-date=15 August 2020|via=YouTube}}</ref> In addition, a battle took place over a decade regarding his [[Patek Philippe|Patek Phillipe watch]], which was initially offered in a [[Christie's]] auction with an estimated value of over $1 million.<ref>{{Cite news|last=Miller|first=Hugo|date=19 May 2016|title=The $1 Million Patek, an Ethiopian Emperor and a Prosecutor|url=https://www.bloomberg.com/news/articles/2016-05-19/the-1-million-patek-haile-selassie-and-the-swiss-prosecutor|url-access=subscription|work=[[Bloomberg L.P]]|access-date=19 February 2024|archive-date=11 October 2022|archive-url=https://web.archive.org/web/20221011205553/http://www.bloomberg.com/news/articles/2016-05-19/the-1-million-patek-haile-selassie-and-the-swiss-prosecutor|url-status=live}}</ref> However, after the feud ended, the watch was withdrawn from the auction.<ref>{{Cite news|last=Heil|first=Emily|date=12 November 2015|title=Haile Selassie's wristwatch pulled from auction block|url=https://www.washingtonpost.com/news/reliable-source/wp/2015/11/12/haile-selassies-wristwatch-pulled-from-auction-block/|url-access=registration|newspaper=The Washington Post|access-date=19 February 2024|archive-date=20 September 2021|archive-url=https://web.archive.org/web/20210920125115/https://www.washingtonpost.com/news/reliable-source/wp/2015/11/12/haile-selassies-wristwatch-pulled-from-auction-block/|url-status=live}}</ref><ref>{{Cite news|last=Mulier|first=Thomas|date=10 November 2015|title=Ethiopian Emperor's Patek Philippe Pulled From Christie's Sale|url=https://www.bloomberg.com/news/articles/2015-11-10/ethiopian-emperor-s-patek-philippe-pulled-from-christie-s-sale-igt6wd7r|url-access=registration|work=[[Bloomberg L.P]]|access-date=19 February 2024|archive-date=30 September 2022|archive-url=https://web.archive.org/web/20220930023902/https://www.bloomberg.com/news/articles/2015-11-10/ethiopian-emperor-s-patek-philippe-pulled-from-christie-s-sale-igt6wd7r|url-status=live}}</ref>