Seventy billion, with a B? For comparison, Forbes lists the world’s richest person as Carlos Slim with $53.5 billion.
President Hosni Mubarak’s family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast.
After 30 years as president and many more as a senior military official, Mubarak has had access to investment deals that have generated hundreds of millions of pounds in profits. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels.
How much Is Egypt’s President Mubarak Worth? Some Say $70 Billion And Counting
The Mubarak Family’s Wealth
Hosni Mubarak richest man in world: Report
Hosni Mubarak richest man in world with estimated 70 billion dollar fortune: Report
Egyptian President Mubarak Is Richest Man In The World
Experts Say Mubarak Family’s Net Worth is Billions
Hosni Mubarak family’s $70 billion fortune
Mubarak’s wealth could reach 70bn
It Pays Well to Be Egypt’s Dictator
Egypt’s Mubarak Likely to Retain Vast Wealth
How did Egypt become so corrupt?
This is just beyond all ridiculousness. I mean, how the [expletive deleted] was Mubarak allowed to amass all this ill-gotten gain? The U.S. government must have known where all this money was going, how could they let this travesty happen?
/all I can say is that before Mister World Record Corruption Person gets to go anywhere and retire, he needs to be forced to disgorge every last [expletive deleted] penny of misappropriated U.S. taxpayer money
Filed under: Blog Entry | Tagged: British Banks, Deposited, Egypt, Expensive Tracts, Family Fortune, Hosni Mubarak, Hotels, Invested, Investment Deals, London, Los Angeles, Middle East Experts, New York, Offshore, President, Real Estate, Red Sea Coast, Secret Bank Accounts, Senior Military Official, Swiss Banks, Taken Offshore, Upmarket Homes, Wealth | Leave a comment »