Monday, March 14, 2011

Mubarak: World’s Richest Man?

The luxury Lifestyle blog (the home of luxury Lifestyle) presents Mubarak: World’s Richest Man?

The New York Post picks up a Guardian report that embattled Egyptian President Hosni Mubarak could be the richest man in the world.

Worth about $70 billion, the Post says most of his money is stashed in foreign bank accounts and “shadowy real-estate holdings.”

That sum makes Mubarak more wealthy than Mexico’s Carlos Slim and Bill Gates, whose fortunes clock in at $53.5 billion and $53 billion, respectively.

Mubarak has benefited from hugely profitable investments as president. “There was a lot of corruption in this regime and stifling of public resources for personal gain,” says an expert.

But other Middle Eastern leaders may boast comparable fortunes of between $40 billion and $70 billion, a political science professor tells ABC News.

Sources: NYpost - Newser - ABC News

Similar Posts:

Spain’s hotels are Europe’s most popular
Hotel Indigo coming to Phuket, Thailand, in 2014
Morgans Hotel Group Unveil the Mondrian SoHo
High-end hotelier Autograph lands in Europe
Supper Clubs a Comeback at Ritz Carlton, Palm Beach
The Lap of Luxury: The Arch London

Save and share Mubarak: World’s Richest Man?

To share this post with your family and friends? Click the button below to send them an email or save this to your favorite social network.
Related Posts Plugin for WordPress, Blogger...