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 Experts Say Mubarak Family's Net Worth is Billions

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Experts Say Mubarak Family's Net Worth is Billions  Empty
PostSubject: Experts Say Mubarak Family's Net Worth is Billions    Experts Say Mubarak Family's Net Worth is Billions  EmptyTue Feb 08, 2011 9:37 pm

Experts Say Mubarak Family's Net Worth is Billions  300338
Experts Say Mubarak Family's Net Worth is Billions
Experts estimate the net worth of Mr. Mubarak and his family at between
$40 billion and $70 billion. They say the Egyptian president has much
of his wealth in Swiss banks or tied up in real estate in New York, Los
Angeles and London.

Some experts say he also has several lavish homes across Egypt.

Mr. Mubarak's wife, Susan, and their two sons, Gamal and Alaa, are also reported to be billionaires.

U.S. and British experts say the family wealth dates back to when Mr.
Mubarak was an air force officer and in a position to benefit from
corporate corruption on military contracts. Analysts say the family
was able to accumulate wealth through business partnerships with
foreign investors and companies.

Amaney Jamal, a political science professor at Princeton University in
the United States, told ABC News that Mr. Mubarak's estimated wealth is
similar to other Middle Eastern leaders. She said there was "a lot of
corruption in his regime and a stifling of public resources for
personal gain."

Protesters have cited government corruption as a reason they are demanding Mr. Mubarak's ouster.

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