Kippreport gets the scoop from Neelesh Bhatnagar, CEO of Emax, and Nadeem Khanzadah, head of omnichannel retail at Jumbo GroupSeptember 2, 2015 5:24
Are you as nosey as Kipp? Do you want to know how much the Egyptian President Husni Mubarak and his family managed to glean from the country? You aren’t the only ones.
February 10, 2011 2:50 by shafeer
While the average Egyptian’s income is about $6200, an incredible one-fifth of the country, according to the United Nations, earns about one dollar per day.
But the Egyptian president’s family wealth is estimated at a cool $70 billion, according to analysis by Middle East experts, with much of his fortune in British and Swiss banks or invested in real estate in New York, Los Angeles and London.
It is no wonder that Egyptian protestors are asking Mubarak to give back billions of dollars he allegedly stole from the government.
Read more: The network of… troubled Arab leaders