### just wondering if Mubarek can steal so much money in
30 years...................how about our ''Old Fart'' ???
President Hosni Mubarak
is worth US$70bn (£43.5bn), much of his wealth in British and Swiss
banks or real estate in London, New York, Los Angeles and the Red
Sea coast.
After 30 years as president, Mubarak's investment gains are
offshore and in secret bank accounts or invested in properties and
hotels.
According to Arabic newspaper Al Khabar, Mubarak has properties
in Manhattan and Beverly Hills on Rodeo Drive. His sons,
Gamal and Alaa, are also billionaires.
Amaney Jamal, a professor at Princeton University, said the
estimate of $70bn was comparable with the vast wealth of leaders in
the Gulf.
Most Gulf states required foreigners give local business
partners a 51% stake in start-up ventures. In Egypt, the figure is
20%, giving politicians a source of huge profits with no outlay and
risk.
Hotels and land around the Sharm el-Sheikh tourist resort are
also a source of Mubarak family wealth.
The Mubaraks kept much of their wealth offshore in the Swiss
bank UBS and the Bank of Scotland, part of Lloyds Banking
Group.
if our old farts fortune not over USD 100 billions, I cut my lan
jiao and cook fish head curry. he rulez for 58 years. collecting
money till now. He lives, transport, eat, see doctor, salary and
even coffin also under government money.
