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With $70 billion, Mubarak is world’s richest dictator




With anti-government protests entering the 13th day yesterday in the North African country, the embattled 82-year-old Egyptian strongman, Hosni Mubarak, has been revealed as the world’s richest dictator.

Last week, RepublicReport broke the news that Mubarak stole between $20 and $40 billion from Egypt’s national treasuries since 1981, when he succeeded the late Anwar Sadat.

New emerging reports have ridiculously put the figure higher. The New York Post yesterday reported a whopping $70 billion (N10.5 trillion), making Mubarak the richest man in the world.

According to Bob Fredericks and Jeanie Macintosh; “Egypt strongman is laughing all the way to the cash bank”, so much of corruption across continential Africa, aided by western  industrialised nations and their compromised multilateral corporations.

 

The teetering tyrant’s family fortune is worth about $70 billion — stashed away in Swiss and other foreign bank accounts and shadowy real estate holdings in Manhattan, London and Rodeo Drive in Beverly Hills. The Guardian also reported.

That puts the 82-year-old despot comfortably ahead of Mexican business magnate and New York Times sugar daddy, Carlos Slim Helu, who is worth about $53.5 billion, and Microsoft founder Bill Gates, the richest American with $53 billion, according to a list of the world’s richest men by Forbes.com.

“Mubarak! This is not your money. You must return back every penny to Egypt,” a poster named Hassan commented on the Web site of PressTV, a Mideast-based broadcast.

“Leaders in the Arab world are the richest men in the world, while their people are poor and oppressed. The only peace is knowing these people will face justice when they meet Allah,” added Nazir, another poster.

The whereabouts of Mubarak’s properties in New York are shrouded in secrecy. Neither the Egyptian Embassy in Washington, DC, nor the consulate in New York would shed any light yesterday.

But, the dictator’s three decades of iron-fist rule as president put him in a perfect spot to get a piece of any government action, with the profits he skimmed quickly deposited in secret bank accounts or invested in luxury homes and hotels.

“There was a lot of corruption in this regime and stifling of public resources for personal gain. This is the pattern of other Middle Eastern dictators,” Princeton political- science Professor Amaney Jamal told ABC News..

“This is the pattern of other Middle Eastern dictators so their wealth will not be taken during a transition, he added.”

 

joke:

US congressman: "We know He is a Son of a bitch but he used to be OUR Son of a "Bitch" ! "

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Comment by dontext spiro on February 17, 2011 at 5:09pm
how can 70billion dollars be 10.5 trillion naira r u sick ?like really? that is more than trillion naira
Comment by eskor on February 13, 2011 at 10:24am

The masses are suffering while he is swimming in riches. Are we even sure that is the real figure, it might be much more than that. He won't go free. The law of KARMA will surely catch up with him or his extended family.

Comment by Moses K Tawose on February 12, 2011 at 8:44am
Who made him a voracious billionaire than those turncoat America leaders as long as there interest is intact. Now the water behind him has dried up and everybody can be pointing fingers as if they're clean too when the lowly in the society says his time is up...........God help us!!!
Comment by Samuel Apewalen on February 11, 2011 at 6:32pm
US son of a Bitch.
Comment by Angela Nkama on February 11, 2011 at 3:33pm

Let him step down jor….na wetin abeg abeg abeg Dictator korrr..Dictator Niiiii

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