Archive

Posts Tagged ‘Red Sea’

Mubarak could be worth $40 billion to $70 billion

February 6, 2011 Comments off

Egyptian President Hosni Mubarak and his half-Welsh wife Suzanne

Embattled Egyptian President Hosni Mubarak could have amassed huge sums of money as much as 70 billion dollars during the decades that he has been a top official.

According to analysis by Middle East experts, Mubarak has taken much of the gains overseas and deposited much of his wealth in secret bank accounts in British and Swiss banks, The Guardian reported on Friday.

Observers say the Mubaraks have also invested in real estate in Read more…