Mubarak family fortune could reach $70bn, say experts

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.

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2 Comments to “Mubarak family fortune may be $70 BILLION!”

  • […] This post was mentioned on Twitter by Mark Crispin Miller, J Bowman, Shannon Manning, C Cryn Johannsen, Dan J Frisby and others. Dan J Frisby said: RT @mcrispinmiller: NewsFromUnderground: Mubarak family fortune may be $70 BILLION! […]

  • And his people live on an average $2.00 a day. What an abysmal excuse for a human being! His fortune should be seized by the people of Egypt! It is their money, not his.

    Unfortunately, “rulers” in every country, even our own, find that their fortunes grow when they enter public life. In or own Congress, it is very rare to find a representative who does NOT become a millionaire by the time he or she leaves Congress. What ever happened to ‘public service’ because you have a desire to help people? It has become, in all but a few countries, ‘public service’ because you have a desire to help yourself!

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