Mubarak worth $40-$70 Billion

[Political Junky]

No doubt, all legally earned.

If Forced To Leave, Mubarak Could Take Estimated Fortune Of $40-$70 Billion

An Egyptian biographer and an American professor claim that the Mubarak family is worth from $40 to $70 billion, according to ABC News.
Experts say the wealth of the Mubarak family was built largely from military contracts during his days as an air force officer. He eventually diversified his investments through his family when he became president in 1981. The family's net worth ranges from $40 billion to $70 billion, by some estimates.
$70 billion would put Mubarak somewhere between Carlos Slim and Warren Buffett in terms of wealth. Is this realistic? It could be when you consider that he spent thirty years as the ruler of a large country and American ally.
Mubarak's family is said to own properties in London, Paris, Madrid, Dubai, Washington, D.C., New York and Frankfurt, according to IHS Global Insight.


Read more: If Forced To Leave, Mubarak Could Take Estimated Fortune Of $40-$70 Billion

 

[syrenn]

Imagine that.

 

[chesswarsnow]

Sorry bout that,


1. I am sure a portion of that, is American tax dollars.
2. With all we've thrown down in that sewer of a country.
3. We really need to grow a brain as a nation and stop paying governments to be good.
4. Jimma Carter started this crap.
5. Dumbest president we have ever had.
6. Not even Obama is that dumb.
7. Obama was smart enough to steal an election right under every bodies nose here in America.


Regards,
SirJamesofTexas

 

[waltky]

Now dey goin' after his money stashed away in secret bank accounts...

Egypt seeks to seize Mubarak's assets abroad
Monday, February 21, 2011; Egypt's top prosecutor on Monday asked the Foreign Ministry to seek help from foreign governments to seize ousted president Hosni Mubarak's assets, Egyptian state media reported.

Public prosecutor Abdel Magid Mahmud said the request will also cover assets in the name of Mubarak's wife, Suzanne, his sons Alaa and Gamal, and their wives. The move appeared to be an attempt to appease demonstrators who forced Mubarak to step down Feb. 11, after 18 days of street protests. One of the protesters' top demands has been holding the former president accountable for what they call widespread graft and corruption.

It is unclear how much money Mubarak and his relatives have abroad. Switzerland announced shortly after Mubarak's ouster that it would freeze his assets there as well as those belonging to "parties close to him." An unnamed legal representative speaking on Mubarak's behalf was quoted in state media Sunday saying reports that the former leader has several billion dollars abroad are "groundless." Since the country's military chiefs forced him to step down, Mubarak has reportedly been in the coastal town of Sharm el-Sheikh on the Sinai Peninsula.

The country is being governed by the military council, which has vowed to hold fair elections in the fall. Demonstrators have largely welcomed the military's assumption of power, but protests have not stopped. Activists say they will continue to press for the dismissal of ministers appointed by Mubarak, the repeal of an emergency law that allows the government to detain people indefinitely without judicial review, and the release of political prisoners. The prosecutor's request came as British Prime Minister David Cameron arrived in Cairo on Monday to meet with the country's interim leaders.

The United States dispatched a senior diplomat to Cairo. Undersecretary for Political Affairs William J. Burns was scheduled to meet with government officials and civil society representatives, the State Department said. "Americans deeply respected and admired what Egypt has already achieved, but we know that the road ahead is not going to be easy," Burns said, speaking at the Arab League in Cairo, according to a transcript released by the U.S. Embassy. "We also know that it's a road that can only be navigated by Egyptians themselves."

Source

 

[Trajan]

hummm, hes short money. IF we have been sending him 2 Billion a year for 25 -30 years ...wheres the damn rest? he needs to have robbed at last 60 bill. or hes fudged the books.....

 

[jckryan]

All of his accounts got to be frozen NOW. The center of attention now is Libya and Quackdafy. The last thing we need is for Mubarak to backdoor the revolution process in Eygpt by paying off hits on high ranking officers/officials and inserting loyalist in their place (and threatening further executions for 'traitors').