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Recommend How Hosni Mubarak Became One of the Richest Men in the World on Our Dime (Email)

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With Hosni Mubarak gone, let’s do a little Egyptian math on the Mubarak years. According to experts, the fortune amassed by Egypt’s former president and his two sons (both billionaires) could reach $70 billion. That includes funds in secret offshore bank accounts and investments in residences and real-estate properties reaching from Rodeo Drive in Beverley Hills to Wilton Place in central London and Egypt’s Sharm el-Sheik tourist resort. Since Mubarak has been president for 30 years, he’s put that little fortune together at a record clip -- something like $2 billion or more a year. He and his family are now worth approximately four times the gross domestic product (GDP) of Paraguay, five times the GDP of embattled Afghanistan, and more than ten times the GDP of Laos. He may be the richest man and they the richest family on Earth. All this happened, by the way, in the years when millions of Egyptians -- at least one in every 10 -- lost their farms, while more than 40% of Egyptians live on less than $2 a day.


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