Mubarak Family May Have as Much as $70 Billion Stashed Away, Experts Estimate
President Hosni Mubarak’s power may have visibly crumbled before the world on Jan. 25 when protesters took to the streets of Cairo, but his personal wealth will likely be intact when he leaves office as pledged at the end of the year, or sooner if the crowds have their way.
Experts say the wealth of the Mubarak family was built largely from military contracts during his days as an air force officer. He eventually diversified his investments through his family when he became president in 1981. The family’s net worth ranges from $40 billion to $70 billion, by some estimates.
Amaney Jamal, a political science professor at Princeton, said those estimates are comparable with the vast wealth of leaders in other Gulf countries
Mubarak Family May Have as Much as $70 Billion Stashed Away, Experts Estimate
President Hosni Mubarak’s power may have visibly crumbled before the world on Jan. 25 when protesters took to the streets of Cairo, but his personal wealth will likely be intact when he leaves office as pledged at the end of the year, or sooner if the crowds have their way.
Experts say the wealth of the Mubarak family was built largely from military contracts during his days as an air force officer. He eventually diversified his investments through his family when he became president in 1981. The family’s net worth ranges from $40 billion to $70 billion, by some estimates.
Amaney Jamal, a political science professor at Princeton, said those estimates are comparable with the vast wealth of leaders in other Gulf countries
