The mounting pressure from 18 days of historic protests finally drove Egyptian President Hosni Mubarak from office, after 30-years as his nation’s iron-fisted ruler. But the dictator should not shed a single drop of tear because the fortune he amassed is more than enough to finance his retirement comfortably. It would be nice and jaw-dropping if Forbes can compile the world’s richest dictators or politicians simply because it would put world’s richest man, Mexican Carlos Slim (worth about US$54 billion) and Bill Gates (net worth about US$53 billion) to shame.
Armed with suspended constitution for 30 years, Hosni Mubarak was in virtually every piece of business deal in the country thanks to guaranteed profit from monopolies, red-tape fees, bribery fees, nepotism and whatnot. The British Guardian newspaper estimated the wealth of Mubarak and his family at somewhere between US$40 billion and US$70 billion. That’s about US$1 billion to US$2 billion net profit annually on average, not bad for a job as a president ruling a nation with GDP per capita of just $6,300.