President Hosni Mubarak's family fortune could be as much as $70bn

[kpete]

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. ... His sons, Gamal and Alaa, are also billionaires. A protest outside Gamal's ostentatious home at 28 Wilton Place in Belgravia, central London, highlighted the family's appetite for western trophy assets.

Amaney Jamal, a political science professor at Princeton University, said the estimate of $40bn-70bn was comparable with the vast wealth of leaders in other Gulf countries.


http://www.guardian.co.uk/world/2011/feb/04/hosni-mubarak-family-fortune

[plumbob]

1. This US-sanctioned dictator is NOT a thief, so quit saying that!!

He's just ever so much smarter and savvy than all those disgusting poor people who live in Egypt!

WE did NOT give him bribes and turn a blind eye to theft, so quit thinking that! His boys had to start at the bottom, like all ruthless dictators....

[BeyondGeography]

2. Most of that is from Hosnibook.com though