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Mubarak has been president for nearly 30 years and has earned a solid wealth for themselves and their families. The family will be good for at least 40 billion dollars, or 240 billion. Some say even that it is about 70 billion U.S. dollars, 420 billion. When the equivalent amount of nearly half a Norwegian national budget.
If this estimate is correct, Mubarak is the world's richest obvious. Forbes, the magazine that keeps track of who is the world's richest, has estimated that the fortune of Carlos Slim Helu's 53.5 billion dollars, while Bill Gates has an estimated fortune of 53 billion
Originally posted by harrytuttle
Being a corrupt political leader in the Arab world for 20+ years has its benefits, apparently.
No wonder he doesn't want to step down, he's making too much money!
Originally posted by Skydancer
Seems to me that bribery works when keeping Isreal safe ... perhaps this is where all those funds from the USA under foreign aid went over the last 30 years.
1 Carlos Slim Helu 1 - 53.5 billion U.S. dollars
2 William Gates III - 53.5 billion U.S. dollars
3 Warren Buffett - 47.0 billion U.S. dollars
4 Mukesh Ambani - 29.0 billion U.S. dollars
5 Lakshmi Mittal - 28.7 billion U.S. dollars
6 Lawrence Ellison - 28.0 billion U.S. dollars
7 Bernard Arnault - 27.5 billion U.S. dollars
8 Eike Batista - 27.0 billion U.S. dollars
Amancio Ortega 9 - 25.0 billion U.S. dollars
10 Karl Albrecht - 23.5 billion U.S. dollars
11 Ingvar Kamprad - 23.0 billion U.S. dollars
Originally posted by EtherPrism
This is disturbing no wonder israel, wants the west to support the dictator
Mubarak has been president for nearly 30 years and has earned a solid wealth for themselves and their families. The family will be good for at least 40 billion dollars, or 240 billion. Some say even that it is about 70 billion U.S. dollars, 420 billion. When the equivalent amount of nearly half a Norwegian national budget.
If this estimate is correct, Mubarak is the world's richest obvious. Forbes, the magazine that keeps track of who is the world's richest, has estimated that the fortune of Carlos Slim Helu's 53.5 billion dollars, while Bill Gates has an estimated fortune of 53 billion dollars.
Forbes even doubts that the estimate of 70 billion dollars.
The President's family says no, even if their financial circumstances. But anonymous sources in Egypt and other countries, according to media reports in the Middle East that Mubarak, his wife and two sons a fortune amounting to 40 billion dollars. If the money was divided among the 32 million Egyptians who live on two dollars a day, could each received $ 1,250.
Business Model
The money is not earned in the normal way. The Swiss newspaper Tages-Anzeiger writes that Mubarak has been rich in corruption and a special "business model" where the president and his family claims, and receives 50 percent of the profits of large companies in Egypt.
The U.S. television channel ABC quoted a phrase in Egyptian law that stipulates that foreign companies will provide a
The world's richest
Carlos Slim Helu 1 - 53.5 billion U.S. dollars
2 William Gates III - 53.5 billion U.S. dollars
3 Warren Buffett - 47.0 billion U.S. dollars
4 Mukesh Ambani - 29.0 billion U.S. dollars
5 Lakshmi Mittal - 28.7 billion U.S. dollars
6 Lawrence Ellison - 28.0 billion U.S. dollars
7 Bernard Arnault - 27.5 billion U.S. dollars
8 Eike Batista - 27.0 billion U.S. dollars
Amancio Ortega 9 - 25.0 billion U.S. dollars
10 Karl Albrecht - 23.5 billion U.S. dollars
11 Ingvar Kamprad - 23.0 billion U.S. dollars
Source: Forbes
local partner, 51 percent of the profits.
Wealth was founded while Mubarak was an officer in the Air Force, before he became president in 1981 after the assassination of President Anwar Sadat. He must have acquired the money by the terms when buying contracts went to foreign companies.
Billion, according to the London newspaper The Telegraph put on accounts at banks in Switzerland, Britain and the United States and properties in Los Angeles, New York, London and other cities. But he also has properties in Egypt.
United Kingdom
Mubarak family seems to have a predilection for the UK when it comes to investments. Maybe it's because Mubarak's wife Suzanne is half British.
After several days of demonstrations and protests, while still growing in size, reported the BBC's Arabic language service that the Mubarak-couple's youngest son, Gamal (47) had left in haste to London with his family in a private jet. With the plane, there were also 97 cases.
In the Egyptian community in London there are rumors that even Hosni, Suzanne and the eldest son, Alaa (49) is ready to go to the British capital. It denied the state's Egyptian kringkastingen.Men Also last weekend, there was considerable traffic with private jets from Cairo airport, reported TV station Al Jazeera. 19 aircraft with a very wealthy business people took off, and everyone should have been heading for Dubai.
e24.no
(visit the link for the full news article)edit on 8-2-2011 by EtherPrism because: (no reason given)