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For the curious, it's been estimated that Mubarak's wealth stands between 40 - 70 billion dollars. This number seems shaky to me, but according to US officials
by DevX101 16y ago
For the curious, it's been estimated that Mubarak's wealth stands between 40 - 70 billion dollars. This number seems shaky to me, but according to US officials he's worth at least 2 billion. No one knows for sure, and he has distributed it amongst his family, but it is all but certain he's keeping that money.
How did he get so rich? Well if you have a major business and you would like to expand into Egypt, the law requires 51% Egyptian ownership. I'm not privy to the investment ownership of companies based in Egypt, but its a pretty good bet that Mubarak enforced a pay to play scheme to major and minor corporations.