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Because He's Worth It


we the sheeple

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Just thinking about Mubarak, reputed to be "worth" $80B. Egypt GDP is 470B

Imagine if he's had his fingers in the till of an economy the size of the UK or the USA

In the UK, he'd have been "worth" $357B, in the USA, he'd have been "worth" $2.4T.

Wow.

And he is fecking 82 years old. I suppose he has the same access to the stuff that the likes of Buffett, Bernanke and the other super-rich have. Stem cells?

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Yes, but these countries have a massive black/grey economy.

Supposedly South Africa has 40% unemployment, yet look on streetview and almost every busy street in every busy town is alive with informal street markets. I doubt south africa really has even 4% unemployment.

GDP vastly underestimates 'poor' countrys wealth and vastly overestimates the wealth of rich (ie debtor) countries. I suspect in actual productive terms, Eygpt has more wealth than the UK.

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As soon as Mubarak is out of power the new regime will be trying to claw those assets back. The ones actually in Egypt will be snatched immediately. The money squirrelled abroad will be harder, especially if held in relatives' or friends' names. He won't be worth $80bn for long...

...unless a "friend" takes over as the new President. ;)

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Guest sillybear2

As soon as Mubarak is out of power the new regime will be trying to claw those assets back. The ones actually in Egypt will be snatched immediately. The money squirrelled abroad will be harder, especially if held in relatives' or friends' names. He won't be worth $80bn for long...

...unless a "friend" takes over as the new President. ;)

Even if that's reduced to $8bn or $800m it's all a bit arbitrary at that level, isn't it? Even a 99% loss of net worth isn't exactly catastrophic, I'm sure there's enough stashed in Geneva or London to last generations.

He probably already has a bolthole in Mayfair, those god damn hippies might be looking after it for him. :lol:

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