0,000 in today's money.

 According to the regime's own statistics, that would pay for 55 years of an average Cuban wage,  Waltz noted, before showing a photo of Miguel Díaz-Canel and saying,  It didn't just start with Castro. This is the current Cuban president, also with a Rolex on. 

The former Florida congressman highlighted reports on the Cuban military-run conglomerate GAESA amassing $18 billion in assets that have enriched regime elites, showing further photos of them flaunting their wealth.

5 Waltz was detailing the communist regime's real estate holdings at the UN. Josh Christenson/NY Post

 It's not just watches, colleagues, it's also a vast real estate empire,  Waltz continued, sharing images of the Castro family's 14,000-square-foot seaside retreat in Varadero with marble floors, a sauna and a private dock, as well as the ex-ruling family's compound made  from cedar imported from the Brazilian Amazon rainforest. 

 But colleagues, even 20 homes and all of these lavish compounds aren't enough,  Waltz added.  Why settle for mansions by the sea when you can have your own private island? That's right. The Castro family has their own private island, Cayo Piedra. 

The comments came as the UN envoy was urging delegates to vote against a resolution condemning US sanctions on the island.

5 Waltz holding up a photo of late Cuban dicator Fidel Castro wearing two Rolex watches during his speech on Oct. 27, 2026. OLGA FEDOROVA/EPA/Shutterstock

5 Cuba's Minister of Foreign Affairs Bruno Eduardo Rodriguez Parrilla seen approaching the podium during Waltz's speech. OLGA FEDOROVA/EPA/Shutterstock

 Here's the lie that I ask you to all take a hard look. There is no blockade,  Waltz concluded.  A blockade is a ring of military ships around an island. It doesn't exist. 

 How did the United States become Cuba's largest, single largest fuel supplier to its private sector, as small as it is, while Havana tells the world America won't let fuel in? That's the lie, Mr. President,  he said.

 So let me conclude from where I begin,  Waltz added.  Things don't just disappear. An entire country's wealth doesn't just vanish and evaporate. Its confiscated property didn't just go away. Its doctor's wages didn't just cease to exist.

 But we now know where it is,  he emphasized.  The billions documented in GAESA's secret financial accounts that have now been exposed to the world is where it is. That's where the Cuban people's wealth is sitting. Their wealth simply changed hands, from their hands as they starve to the elites as they live lives of luxury.