Today is a good day to die.
I didn't say for whom.
Posted on 02/04/2011 10:18:14 AM PST by Captain Kirk
Gamal and Hosni Mubarak are reported to have built up huge fortunes, including properties in London.
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.
According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.
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.
"The business ventures from his military and government service accumulated to his personal wealth," she told ABC news. "There was a lot of corruption in this regime and stifling of public resources for personal gain.
"This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition. These leaders plan on this."
Al Khabar said it understood the Mubaraks kept much of their wealth offshore in the Swiss bank UBS and the Bank of Scotland, part of Lloyds Banking Group, although this information could be at least 10 years old.
(Excerpt) Read more at guardian.co.uk ...
Wow, the presidency of Egypt pays quite well.
Or, he just deposited the checks US Presidents, and congresses have been sending him for the last 30 years directly into his bank accounts.
Nice Investemnt America.
Steal a little and they’ll throw you in jail. Steal a lot and they’ll make you king. —Bob Dylan
Naturally there is no oversight and America never knows how the monies are used or stole. God help us in our day, in Jesus name , amen.
It is a travesty of justice, indeed!
I do not believe that figure. No doubt he has amassed a fortune but that is an obscene amount. If true, he has been derelict as a despot. If I were Mubarak I would be funneling most of that money to help my poor country. $2B or $3B would be enough to keep all his generations in splendor - put the other $68B into industry and agriculture inside Egypt.
Marxist class envy — shame on you. The issue is who can keep Egypt from becoming a breeding ground for more anti-Western Islamists? Who can keep Egyptian government falling into the pattern of Iran, for example, funding anti-Western militants?
American dollars..lol ...what did it get us.
Well, for starters it got us unfettered access to the Suez Canal. And, it bought 30(+)-years of uninterrupted peace between Israel and Egypt.
Why should they have been expected to be any different than the “House of Saud”???
uhhhh what are the clintons worth..?
Gee, wonder if any of that is OUR tax dollars?
So if this is true, how come he doesn’t appear on Forbes’ list?
http://www.forbes.com/lists/2010/10/billionaires-2010_The-Worlds-Billionaires_Rank.html
Just about all of this from U.S. taxpayers. He must be laughing at us.
This is great! Think of the opportunities for philanthropy provided by concentrated wealth.
/s, for those who need it.
well that seems to be over now...Iran is taking over.
I don’t think he can expect to get much out of those “expensive tracts along the Red Sea coast”
70 BILLION?
Geeze, Hosni, quit while you’re ahead, man! Just walk away from the table!
Does this mean that you would be willing to DONATE your own money to Hosni’s back account?
Wow!
Just think how much more he would have if he was dishonest and had stolen some of the $68 billion dollars extorted from American taxpayers and handed over to Egypt by our worthless federal government.
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