mubarak

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.

“The business ventures from his military and government service accumulated to his personal wealth,” said Jamal. “There was a lot of corruption in this regime and stifling of public resources for personal gain.”

Jamal said that Mubarak’s assets are most likely in banks outside of Egypt, possibly in the United Kingdom and Switzerland.

The Rest

Not to mention the money the family has flowing through a many banks around the world, including US banks, the properties owned on Rodeo Drive and in D.C..

Money accumulated, rumor has it, early on via arms deal,s corrupt contracting deals, some possibly with the USA.

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