[size=14pt]With $70 billion, Mubarak is world’s richest dictator[/size]

Tuesday, 08 February 2011 00:00 Nigerian Compass



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.”

http://www.compassnewspaper.com/NG/index.php?option=com_content&view=article&id=74767:with-70-billion-mubarak-is-worlds-richest-dictator&catid=43:news&Itemid=799

USD 70 billion for Mubarak? Nah!

blood of Jesus

dat money is small comparing to the undisclosed fund$ obasanjo have

don manuel:

dat money is small comparing to the undisclosed fund$ obasanjo have

huh?

This is too much

dat money is small comparing to the undisclosed fund$ obasanjo have

Sorry which Obasanjo??

Just as one chinese friend of mine will ask:
 
"Why like this?"

This is not too much but way way triple much.

oga oooooooooo lafrika.

no wonder the ba.s.t.ard doesn't wanna leave after 30 years. greedy a.s.s.hole

The egyptians are protesting and starving themselves while Mubarack is smiling to the bank.

Heard that his sons have a combined fortune of $57Billion USD

May The Almighty ALLAH forgive him, God!!!!!!, why??, This is unacceptable, hmmm, God help us all

Mubz:

May The Almighty ALLAH forgive him, God!!!!!!, why??, This is unacceptable, hmmm, God help us all

my friend leave allah out of this jare!
he cant go unpunished

Same ol' poor and greedy mentality of African leaders.

What is an 82yr old man supposed to do with $70b? He's been in power for 30yrs and is reluctant to leave just like Mugabe.

tosinaded@:

my friend leave allah out of this jare!
he cant go unpunished

Lad, is it me u ve a problem with or Pres. Mubaraq, I knw pple like u in this forum, the next thing is insulting others unnecessary now, Abeg oooo, Talk about the topic up there and pls dont pick on me, Cheers (i ll be glad if u dnt reply)

$70billion. . . . Oh my God too much money. So much money. I'll not be surprise if some high profile Nigerians may have more than that amount.

aloy/emeka:

[size=14pt]With $70 billion, Mubarak is world’s richest dictator[/size]

Tuesday, 08 February 2011 00:00 Nigerian Compass



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.”

http://www.compassnewspaper.com/NG/index.php?option=com_content&view=article&id=74767:with-70-billion-mubarak-is-worlds-richest-dictator&catid=43:news&Itemid=799

Africa and there foolish leaders, this just one of them Mugbabe still there, many of them like this

Africa is time for us to fight for what's rightfully belong to us especially we nigerians let join hands and bring this bleeping pple down both the east,west,south,north.

if men were God! Mubarak too bad oh.

lol!!!!!, hes stilll a small boi!!, obj is worth much more than that!!

^^^^^

SHUT UP YOUR MOUTH, WHICH OBJ HAS $70BILLIONS



God, just give me access to this man's account, i promise to make 70millions Africans happy with that money. $100,000 each to 70 million Africans is enough to make Africa rival other parts of the world.

Damn! 70 Billion and at age 82

$70 Billion and 82 years. I guess he still needs $12 more Billion to make a sound figure. Egyptians please give him more time to realize this.

He should go and take over the playboy mansion when he's eventually forced out.
f00l1sh man.

A 3rd world president richer than any 1st world industrialist.
why is the ability to cart away shed loads of money still possible in africa up till this day? ?
na wa.

Obj tops him im sure

How is Hosni Mubarak a dictator?

IS IT NOT BETTER? @ LEAST THERE ECONOMY IS STILL BETTER THAN OURS DESPITE HIS LOOT.

Mobinga:

How is Hosni Mubarak a dictator?

Google it! Blockhead

ICE GLO:

IS IT NOT BETTER? @ LEAST THERE ECONOMY IS STILL BETTER THAN OURS DESPITE HIS LOOT.

Yes THEIR Economy is Better.

lionness:

Obj tops him im sure

In your dreams right? i hope you are not trying to make this sound like a competition?

ICE GLO:

IS IT NOT BETTER? @ LEAST THERE ECONOMY IS STILL BETTER THAN OURS DESPITE HIS LOOT.

Small boy come here, do you know where Zimbabwe is on the map? do you know how much you need to buy bread in Zimbabwe?

Oya, before i open my eyes, i don't want to see you near that computer again, go straight to your homework you spoilt brat!

all dem african rulers are d same