Saturday, February 05, 2011

Mubarak’s net worth estimated at USD 40 to 70 billion...


Egypt’s embattled President Hosni Mubarak’s and his family’s net worth is estimated to be between U.S. dollars 40 and 70 billion, a media report said.

The wealth of the Egypt’s first family was built largely from military contracts during his days as an air force officer; Mr. Mubarak eventually diversified his investments through his family when he became President in 1981, the ABC News quoted experts as saying.

The family’s net worth now ranges from U.S. dollars 40 to 70 billion, by some estimates, the report said. More...

Don't miss:
  1. Egyptian president's son 'flees to London with 100 pieces of luggage...'
  2. European Union freezes ousted Tunisian president's and wife's assets...
  3. President Ben Ali's wife 'took £37m in gold from Tunisia'
  4. Nepotism and dynasties in Asia...
  5. Putin and Medvedev share between them at least two dozen palaces, villas and mansions... 

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