Aladdin Elaasar, author of "The Last Pharaoh: Mubarak and the Uncertain Future of Egypt in the Obama Age," said the Mubaraks own several residences in Egypt, some inherited from previous presidents and the monarchy, and others he has built. Before Forbes, I worked as a news reporter in the UK and my home country of Bermuda, a travel writer for Frommer's and an intern for CNN's Anderson Cooper while completing a master's degree at Columbia University. Mubarak, his wife and two sons were able to also accumulate wealth through a number of business partnerships with foreigners, said Christopher Davidson, professor of Middle East Politics at Durham University in England. "Yesterday, Mubarak spoke out for the first time since being ousted from the Egyptian presidency in February, I do not own any accounts or assets outside Egypt...This is for the Egyptian people to know that their former president has accounts only in one Egyptian bank, according to what I have mentioned in my final financial statement. Alaa Mubarak Gamal Mubarak Suzanne Mubarak (Arabic: سوزان مبارك, Sūzān Mubārak; born 28 February 1941) is married to former Egyptian President Hosni Mubarak and was the First Lady of Egypt during her husband’s presidential tenure from 14 October 1981 to 11 February 2011. The document provides a 19-digit account number, but a UBS spokeswoman called the document “a forgery.”An Egyptian human rights group also produced documents listing $620 billion in bonds payable to Mubarak issued by “Barclays International Bank.” But a Barclays Bank spokesman in London said the bank does not refer to itself that way and the bonds sound similar to fraudulent ones posted on the Internet. $1.2 Billion Muhammad Hosni El Sayed Mubarak Wiki Biography Muhammad Hosni Said was born on the 4th May 1928, in Kafr-El Meselha, Egypt and is a military and political leader, who has held the position of President of the Arab Republic of Egypt. During Sadat's Presidency, Egypt was suspended from being a part of the Arab League, because of his peace treaty with Israel, but suspension was lifted after Mubarak took over the office.There were several assassination attempts on Mubarak during his time in the Presidential seat. Whatever Mubarak's wealth is, Jamal said it is certain that whenever the president actually leaves office, there will be an investigation into his assets. One witness produced a document alleging that Mubarak in 1982 deposited 19,000 kilograms of platinum bullion worth more than $15 billion into a … "We have nothing to do with any political figure," said Amer. Mansour Amer, chairman of Amer Group Holdings and franchisee of 19 Chili's restaurants in Egypt, denied any relation to Mubarak's family. "This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a Muhammad Hosni El Sayed Mubarak net worth is. "There's not much of a cover-up," she said. He and his two sons were also held and questioned concerning charges of political corruption. Please confirm that you accept cookies. Previous figures for the The 12-page document containing the $700 billion estimate was reportedly sent to authorities in countries where the Mubaraks, including Hosni's sons Gamal and Alaa, are thought to have hidden their fortune over the years.
He also served in the Egyptian Air Force, as career officer and commander (1972-1975,) and eventually became the air chief Marshall. Davidson said the family's net worth, however -- $17 billion for Mubarak, $10 billion for his second son, Gamal, and $40 billion for the family -- are really just estimates.
Before taking on this beat, I spent three years covering retail and e-commerce, and the three before that chasing the super-rich for our Forbes 400 and World's Billionaires lists. "There was a lot of corruption in this regime and stifling of public resources for personal gain." This was called the Emergency Law.Mubarak was facing the death penalty for the murder of peaceful protesters if found guilty.
Feb. 2, 2011 -- I agree to offer any authorizations that would enable the Egyptian public prosecutor – through the Egyptian Foreign Ministry's contacts with foreign ministries worldwide – to take all the necessary legal procedures to reveal whether my wife, either of my sons, Alaa or Gamal, and I own any properties or assets directly or indirectly, whether they were commercial or personal, since I started working in the military and political public works and until now, so that everyone would make sure that all the allegations handled by the local and foreign mass media about me and my family's ownership of huge properties abroad were fake.The precise amount of cash and assets Mubarak and his family allegedly stole may start to come to light as Egypt works with international authorities in their recovery effort. Email me at coconnor@forbes.com. Hosni Mubarak net worth: Hosni Mubarak was the former President of Egypt who at his peak of power had a net worth of $70 billion. "Of course, by definition, bank accounts in Switzerland are a secret so we cannot get a full picture," said Davidson. Hosni Mubarak net worth: $70 billion; Political party: National Democratic Party (1978 – 2011) Hosni Mubarak biography. Demonstrations, any political organizations were banned. His two sons are being held in Tora Prison to await their trial.Hosni Mubarak was born in Kafr-El-Meselha, Monufia, Governorate, Egypt, in 1928. President Sadat had appointed Mubarak to be his Vice President in 1975, and Mubarak met with many important political figures and took part in all meetings, in support of Sadat's policies. Switzerland alone has frozen $650 million. Jamal said that Mubarak's assets are most likely in banks outside of Egypt, possibly in the United Kingdom and Switzerland. Afterwards he became a military pilot for the Air Force Academy where he earned his B.A. Citizens Reclaim $100 Million Presidential Estate. From Saturday's The sum of the assets alleged to be appropriated by the Mubarak family — more than $700 billion — far exceeds earlier estimates and might be wildly exaggerated. President Hosni Mubarak's power may have visibly crumbled before the world on Jan. 25 when protesters took to the streets of Hosni Mubarak is said to be worth as much as $700 billion.Back in February, former Egyptian president Hosni Mubarak's vast wealth started to attract widespread press scrutiny, with outlets like the Guardian and ABC News estimating his fortune at as much as $70 billion.