World's Richest Tyrant: Mubarak's Unfathomable Wealth

Reports Say Mubarak Likely the World's Richest Man
by Jason Ditz, February 10, 2011

How much money can someone steal after 30 years as the dictator of a major country with a command economy and a military reaping billions in “off-budget” profits? Quite a bit, as it turns out.

Though Forbes Magazine lists Mexican telephone giant Carlos Slim Helu as the world’s richest man, his $50+ billion net worth may actually take a distant second to the unfathomable wealth Mubarak has managed to assemble over decades of dictatorship and years as a top military official before that.

Indeed, while the overall size of Mubarak’s personal fortune is not well documented (and for good reason, because much of that money surely vanished out of government coffers), estimates put his wealth in the realm of $70 billion, held in British and Swiss banks and in real estate holdings around the world.

Experts say Mubarak had the foresight to put most of his wealth abroad, where he and his family will still be able to get at it after his seemingly inevitable deposition. But with a net worth that would make the ancient pharaohs blush, the real question is what on earth is keeping him stubbornly hanging on to the reins of power in Egypt – surely he has taken enough to be satisfied by now.

SHARE:

Email This

Latest Geopolitics
- Mexico to Rein In US Agencies in Drug War
- Political Assassination Prevented In Rome As Unemployed Man Tries To "Shoot Politicians"
- Singapore Death Row Drug Defendants Can Now Seek Review
- John McAfee Detained in Guatemala, Denied Asylum
- North Korean prisoner escaped after 23 brutal years
- John McAfee Interviewed on Alex Jones
- Uruguayan Deputies Say Legalize All Drugs
- Dutch Plan to Ban Potent Marijuana From Cannabis Cafes

Comments

Add Comment

Page 1 of 1

Anonymous

Posted: Feb 13 2011, 12:13 AM

Link

9952

I don't understand why people dwell on individuals like Bill Gates, etc who are supposedly the richest "individuals" in the world.

Did we forget about the Rothschild family who at one time was rumored to own half the wealth of the world.

Yea, but apparently all that wealth just went away huh...........

Add Comment

Name

Comment

* No HTML

Verification *

Please Enter the Verification Code Seen Below

PLEASE NOTE

Please see our About Page, our Disclaimer, and our Comments Policy.

FAIR USE NOTICE

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.

About Us - Disclaimer - Privacy Policy