3 ms·
Thanks for the link. I'm a bit skeptical of that number ($700B). Intuitively, it's just a very large amount of money to hide without anyone noticing. It should
by mmmmmbop 6y ago
Thanks for the link. I'm a bit skeptical of that number ($700B). Intuitively, it's just a very large amount of money to hide without anyone noticing. It should be relatively easy to track down most of it.
However, after searching for follow-ups on that story, I wasn't able to find any news article saying that any significant (>$1B) amount of wealth was found. There were $664M that were frozen in Switzerland, as well as an undisclosed amount in the EU [1] (but both freezes were annulled in the meantime). Additionally, there were some properties and luxury cars he owned in Western cities [2].
All of these (and some generous extra for wealth he was able to hide) would add up to wealth in the order of billions, but most likely below $70B, and definitely below $700B.
[0] https://dailynewsegypt.com/2018/11/25/the-years-long-tale-of-going-after-mubarak-wealth/ https://dailynewsegypt.com/2018/11/25/the-years-long-tale-of...
[1] https://english.ahram.org.eg/NewsContent/1/64/396228/Egypt/Politics-/EUs-top-court-ends-asset-freeze-against-Mubarak-fa.aspx https://english.ahram.org.eg/NewsContent/1/64/396228/Egypt/P...
[2] https://cifar.eu/6-years-later-mubaraks-billions/ https://cifar.eu/6-years-later-mubaraks-billions/