Egyptian President Hosni Mubarak and his family have amassed a fortune estimated at $70 billion according to analysis by Middle East experts poll by the London Guardian. And very little of that stash is kept in his own country, they say. Much of his wealth is 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.
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, told the Guardian that the estimate of $40 billion to $70 billion 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.
http://www.newsmax.com/InsideCover/hosni-mubarak-egyptwealth/2011/02/04/id/385057%3Fs%3Dal
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, told the Guardian that the estimate of $40 billion to $70 billion 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.
http://www.newsmax.com/InsideCover/hosni-mubarak-egyptwealth/2011/02/04/id/385057%3Fs%3Dal
