Saturday, February 5, 2011

Property president of Egypt U.S. $ 70 billion?

A home of President Hosni Mubarak in Egypt near the Suez Canal.

Cairo - More rich than Microsoft co-founder, billionaire Bill Gates, and even the world's richest man, Carlos Slim Helu was not comparable.
When Egypt continued political conflict, the country's president, Hosni Mubarak and his family are reported to have estimated the wealth to reach U.S. $ 70 billion (RM213 billion) over three decades of his reign era.
Total assets president of Egypt is more than wealth Gates of the United States (U.S.) and Slim Helu of Mexico, which each have assets of U.S. $ 53 billion (RM161 billion) and U.S. $ 54 billion (RM163 billion) in 2010, according to a list of the magazine Forbes.
Estimates of wealth Hosni also almost comparable to Gross Domestic Product of Guatemala, Central American countries that border region with Mexico.
Commenting on the matter, some financial experts say the West Asia, most of the wealth Hosni, 82, is stored in banks of Britain and Switzerland.
At length they said, had invested in the property sector in London, New York, Los Angeles and the Red Sea coast resorts, including hotels in Sharm El Sheikh.

ABC news network said, most Hosni property acquired through a joint venture of military contracts, which began when he served as an officer in the Egyptian Air Force.

During his reign of Egypt, Hosni continue to earn big through corruption is believed to public funds and embezzlement as well as investment gains more than a hundred million dollars.
However, most of the property is deposited in several accounts of banksincluding foreign banksUBS and Bank of Scotland or invested in the construction sector such as hotels.

According to a report in Arabic newspaper, Al Khabar last year, Hosni own property in Manhattan, New York and in Beverly Hills, Los Angeles, U.S.

1 comment:

unknown girlz said...

70 billion??????
7 keturunan x abis2 ;)
tapi saham dunia jerla..


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