Ape Mubaraka newe!! 
There are no Mubaraks on the Forbes list of the world's richest people, but there sure ought to be.
The mounting pressure from 18 days of historic protests finally drove Egyptian President Hosni Mubarak from office, after three decades as his nation's iron-fisted ruler. But over that time, Mubarak amassed a fortune that should finance a pretty comfortable retirement. The British Guardian newspaper cites Middle Eastern sources placing the wealth of Mubarak and his family at somewhere between $40 billion and $70 billion. That's a pretty good pension for government work. The world's richest man--Mexican business magnate Carlos Slim--is worth about $54 billion, by comparison. Bill Gates is close behind, with a net worth of about $53 billion.
Mubarak, of course, was a military man, not a businessman. But running a country with a suspended constitution for 30 years generates certain perks, and Mubarak was in a position to take a slice of virtually every significant business deal in the country, from development projects throughout the Nile basin to transit projects on the Suez Canal, which is a conduit for about 4 percent of the world's oil shipments. "There was no accountability, no need for transparency," says Prof. Amaney Jamal of Princeton University. "He was able to reach into the economic sphere and benefit from monopolies, bribery fees, red-tape fees, and nepotism. It was guaranteed profit."
Had the typical Egyptian enjoyed a morsel of that, Mubarak might still be in power. But Egypt, despite a cadre of well-educated young people, has struggled as an economic backwater. The nation's GDP per capita is just $6,200, according to the CIA--one-seventh what it is in the United States. That output ranks 136th in the world, even though Egypt ranks 16th in population. Mubarak had been working on a set of economic reforms, but they stalled during the global recession. The chronic lack of jobs and upward mobility was perhaps the biggest factor driving millions of enraged Egyptian youths into the streets, demanding change.
Estimates of Mubarak's wealth will probably be hard to verify, if not impossible (one reason dictators tend not to make it onto Forbes's annual list). His money is certainly not sitting in an Egyptian vault, waiting to be counted. And his delayed exit may have allowed Mubarak time to move money around and hide significant parts of his fortune. The Swiss government has said it is temporarily freezing any assets in Swiss banks that could be linked to Mubarak, an uncharacteristically aggressive move for the secretive banking nation. But that doesn't mean the money will ever be returned to the Egyptian people, and it may even find its way to Mubarak eventually. Other Mubarak funds are reportedly sitting in British banks, and Mubarak was no doubt wily enough to squire away some cash in unlikely places. Plus, an eventual exile deal could allow Mubarak to retain some of his wealth, no questions asked, as long as he and his family leave Egypt and make no further bids for power.
Epic skimming is a common privilege of Middle Eastern despots, and Mubarak and his two sons, Gamal and Alaa, were a bit less conspicuous than some of the Saudi princes and other Middle Eastern royals seen partying from time to time on the French Riviera or other hotspots. The family does reportedly own posh estates in London, New York, and Beverly Hills, plus a number of properties around the Egyptian resort town of Sharm El Sheikh, where Mubarak reportedly went after resigning the presidency.
Mubarak also spread the wealth far and wide in Egyptian power circles--another Middle Eastern tradition--one reason he incurred the kind of loyalty that allowed him to rule for a remarkable three decades. Top Army officials were almost certainly on his payroll, which might help explain why the Army eased him out in the end--allowing a kind of in-country exile--instead of hounding him out of Egypt or imprisoning him once it was clear the tide had turned against him for good.
That money trail, in fact, will help determine whether Egypt becomes a more prosperous, democratic country, or continues to muddle along as an economic basket case. Even though he's out of power, Mubarak may still be able to influence the Army officials running the country, through the financial connections that made them all wealthy. And if not Mubarak, the next leader may be poised to start lining his pockets the same way Mubarak did. For Egypt to have a more effective, transparent economy, all of that will have to be cleaned up. There are probably a lot of people in Cairo who have been checking their bank balances lately.
Who is Hosni Mubarak!!
Kolla Kale!!
Chandi Athin payin waren!!
Muhammad Hosni Sayyid Mubarak (Arabic: محمد حسني سيد مبارك, Egyptian Arabic pronunciation: [mæˈħæmːæd ˈħosni ˈsæjːed moˈbɑːɾɑk], Muḥammad Ḥusnī Sayyid Mubārak; born 4 May 1928) served as the fourth President of Egypt, from 1981 to 2011.
Mubarak was appointed Vice President of Egypt in 1975, and assumed the presidency on 14 October 1981, following the assassination of President Anwar El Sadat. The length of his presidency made him Egypt's longest-serving ruler since Muhammad Ali Pasha. Before he entered politics, Mubarak was a career officer in the Egyptian Air Force, serving as its commander from 1972 to 1975.
During demonstrations beginning on 25 January 2011, protesters called for his resignation as president of Egypt. On 1 February 2011, Mubarak announced that he would not seek another term in the 2011 Egyptian presidential election. On 11 February, Vice President Omar Suleiman announced that Mubarak had resigned as president and transferred authority to the Supreme Council of the Armed Forces following 18 days of protests challenging his 30 year rule.
Wealth
In February 2011 Britain's Guardian newspaper reported that Mubarak and his family might be worth up to $70 billion due to corruption, kickbacks and legitimate business activities. Much of his family's wealth was reportedly amassed from military contracts during his time as an officer in the Egyptian Air Force.[50] The money is said to be spread out in various bank accounts at home and abroad, including in Switzerland and Britain, and is also invested in foreign property. The newspaper admitted, however, that some of the information regarding the family's wealth might be ten years old.[51] On February 12, the government of Switzerland announced that it was freezing the Swiss bank accounts of Mr. Hosni Mubarak and his family. The Swiss government however did not give any more information about the amount of wealth in the accounts.
Illness
Media speculation suggested "Egypt is on the cusp of dramatic change," because of the possibility he may not survive his cancer diagnosis for much longer, and due to the unprecedented 2011 presidential election.There were reportedly plans to "shut down" the capital, Cairo, upon Mubarak's death with uniformed and plainclothes security service officers ready to "squelch dissent." An interim government would be planned with "emergency elections" scheduled that could bring turmoil.
Awards
Mubarak was awarded the Jawaharlal Nehru Award in 1995.
Monument
A monument to Hosni Mubarak was erected in 2007 in Xırdalan (Azerbaijan).
Popular culture
Mubarak is ranked 20th on Parade Magazine's 2009 World's Worst Dictators list. He, as other presidents before him, is the frequent target of jokes by the Egyptian people., and has been even several years before being toppled from power He was heavily featured in Episodes 82 and 83 (July 2009) of satirical podcast The Bugle. After news emerged that a man was jailed for writing a poem that insulted Mubarak, hosts Andy Zaltzman and John Oliver challenged the show's listeners to write a verse or haiku that was more insulting than the original. Zaltzman later said he did not have the courage to go to Egypt after insulting its leader.
Mubarak in Berlin 1989
With Mohammad Rezah Shah of Iran
Sept. 1, 2010 "Prior to the start of their working dinner during the Middle East negotiations, President Hosni Mubarak of Egypt and Prime Minister Benjamin Netanyahu of Israel check their watches to see if it is officially sunset. During Ramadan, fasting continues throughout the day until after sunset." (Official White House Photo by Pete Souza)
Russian President Dimitriy Mendvedev with President of Egypt Hosni Mubarak.
With the Itallian President Giorgio Napolitano
With the President of Brazil Lula
There are no Mubaraks on the Forbes list of the world's richest people, but there sure ought to be.
The mounting pressure from 18 days of historic protests finally drove Egyptian President Hosni Mubarak from office, after three decades as his nation's iron-fisted ruler. But over that time, Mubarak amassed a fortune that should finance a pretty comfortable retirement. The British Guardian newspaper cites Middle Eastern sources placing the wealth of Mubarak and his family at somewhere between $40 billion and $70 billion. That's a pretty good pension for government work. The world's richest man--Mexican business magnate Carlos Slim--is worth about $54 billion, by comparison. Bill Gates is close behind, with a net worth of about $53 billion.
Mubarak, of course, was a military man, not a businessman. But running a country with a suspended constitution for 30 years generates certain perks, and Mubarak was in a position to take a slice of virtually every significant business deal in the country, from development projects throughout the Nile basin to transit projects on the Suez Canal, which is a conduit for about 4 percent of the world's oil shipments. "There was no accountability, no need for transparency," says Prof. Amaney Jamal of Princeton University. "He was able to reach into the economic sphere and benefit from monopolies, bribery fees, red-tape fees, and nepotism. It was guaranteed profit."
Had the typical Egyptian enjoyed a morsel of that, Mubarak might still be in power. But Egypt, despite a cadre of well-educated young people, has struggled as an economic backwater. The nation's GDP per capita is just $6,200, according to the CIA--one-seventh what it is in the United States. That output ranks 136th in the world, even though Egypt ranks 16th in population. Mubarak had been working on a set of economic reforms, but they stalled during the global recession. The chronic lack of jobs and upward mobility was perhaps the biggest factor driving millions of enraged Egyptian youths into the streets, demanding change.
Estimates of Mubarak's wealth will probably be hard to verify, if not impossible (one reason dictators tend not to make it onto Forbes's annual list). His money is certainly not sitting in an Egyptian vault, waiting to be counted. And his delayed exit may have allowed Mubarak time to move money around and hide significant parts of his fortune. The Swiss government has said it is temporarily freezing any assets in Swiss banks that could be linked to Mubarak, an uncharacteristically aggressive move for the secretive banking nation. But that doesn't mean the money will ever be returned to the Egyptian people, and it may even find its way to Mubarak eventually. Other Mubarak funds are reportedly sitting in British banks, and Mubarak was no doubt wily enough to squire away some cash in unlikely places. Plus, an eventual exile deal could allow Mubarak to retain some of his wealth, no questions asked, as long as he and his family leave Egypt and make no further bids for power.
Epic skimming is a common privilege of Middle Eastern despots, and Mubarak and his two sons, Gamal and Alaa, were a bit less conspicuous than some of the Saudi princes and other Middle Eastern royals seen partying from time to time on the French Riviera or other hotspots. The family does reportedly own posh estates in London, New York, and Beverly Hills, plus a number of properties around the Egyptian resort town of Sharm El Sheikh, where Mubarak reportedly went after resigning the presidency.
Mubarak also spread the wealth far and wide in Egyptian power circles--another Middle Eastern tradition--one reason he incurred the kind of loyalty that allowed him to rule for a remarkable three decades. Top Army officials were almost certainly on his payroll, which might help explain why the Army eased him out in the end--allowing a kind of in-country exile--instead of hounding him out of Egypt or imprisoning him once it was clear the tide had turned against him for good.
That money trail, in fact, will help determine whether Egypt becomes a more prosperous, democratic country, or continues to muddle along as an economic basket case. Even though he's out of power, Mubarak may still be able to influence the Army officials running the country, through the financial connections that made them all wealthy. And if not Mubarak, the next leader may be poised to start lining his pockets the same way Mubarak did. For Egypt to have a more effective, transparent economy, all of that will have to be cleaned up. There are probably a lot of people in Cairo who have been checking their bank balances lately.
Who is Hosni Mubarak!!
Kolla Kale!!
Chandi Athin payin waren!!
Muhammad Hosni Sayyid Mubarak (Arabic: محمد حسني سيد مبارك, Egyptian Arabic pronunciation: [mæˈħæmːæd ˈħosni ˈsæjːed moˈbɑːɾɑk], Muḥammad Ḥusnī Sayyid Mubārak; born 4 May 1928) served as the fourth President of Egypt, from 1981 to 2011.
Mubarak was appointed Vice President of Egypt in 1975, and assumed the presidency on 14 October 1981, following the assassination of President Anwar El Sadat. The length of his presidency made him Egypt's longest-serving ruler since Muhammad Ali Pasha. Before he entered politics, Mubarak was a career officer in the Egyptian Air Force, serving as its commander from 1972 to 1975.
During demonstrations beginning on 25 January 2011, protesters called for his resignation as president of Egypt. On 1 February 2011, Mubarak announced that he would not seek another term in the 2011 Egyptian presidential election. On 11 February, Vice President Omar Suleiman announced that Mubarak had resigned as president and transferred authority to the Supreme Council of the Armed Forces following 18 days of protests challenging his 30 year rule.
Wealth
In February 2011 Britain's Guardian newspaper reported that Mubarak and his family might be worth up to $70 billion due to corruption, kickbacks and legitimate business activities. Much of his family's wealth was reportedly amassed from military contracts during his time as an officer in the Egyptian Air Force.[50] The money is said to be spread out in various bank accounts at home and abroad, including in Switzerland and Britain, and is also invested in foreign property. The newspaper admitted, however, that some of the information regarding the family's wealth might be ten years old.[51] On February 12, the government of Switzerland announced that it was freezing the Swiss bank accounts of Mr. Hosni Mubarak and his family. The Swiss government however did not give any more information about the amount of wealth in the accounts.
Illness
Media speculation suggested "Egypt is on the cusp of dramatic change," because of the possibility he may not survive his cancer diagnosis for much longer, and due to the unprecedented 2011 presidential election.There were reportedly plans to "shut down" the capital, Cairo, upon Mubarak's death with uniformed and plainclothes security service officers ready to "squelch dissent." An interim government would be planned with "emergency elections" scheduled that could bring turmoil.
Awards
Mubarak was awarded the Jawaharlal Nehru Award in 1995.
Monument
A monument to Hosni Mubarak was erected in 2007 in Xırdalan (Azerbaijan).
Popular culture
Mubarak is ranked 20th on Parade Magazine's 2009 World's Worst Dictators list. He, as other presidents before him, is the frequent target of jokes by the Egyptian people., and has been even several years before being toppled from power He was heavily featured in Episodes 82 and 83 (July 2009) of satirical podcast The Bugle. After news emerged that a man was jailed for writing a poem that insulted Mubarak, hosts Andy Zaltzman and John Oliver challenged the show's listeners to write a verse or haiku that was more insulting than the original. Zaltzman later said he did not have the courage to go to Egypt after insulting its leader.
Mubarak in Berlin 1989
With Mohammad Rezah Shah of Iran
Sept. 1, 2010 "Prior to the start of their working dinner during the Middle East negotiations, President Hosni Mubarak of Egypt and Prime Minister Benjamin Netanyahu of Israel check their watches to see if it is officially sunset. During Ramadan, fasting continues throughout the day until after sunset." (Official White House Photo by Pete Souza)
Russian President Dimitriy Mendvedev with President of Egypt Hosni Mubarak.
With the Itallian President Giorgio Napolitano
With the President of Brazil Lula
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