Hosni Mubarak, a former military and political leader, held the position of President of the Arab Republic of Egypt after succeeding Anwar Sadat in 1981. He was considered one of the most powerful heads of state in the Middle East. Mubarak’s net worth is estimated at $1.2 billion, according to authoritative sources in early 2017. However, The Guardian reported that Mubarak and his family had accumulated $70 billion through corruption and illegitimate activities. Mubarak graduated from the Military Academy in 1949 and was involved in important diplomatic negotiations with other countries in the Middle East. He was re-elected four times and resigned in 2011 after widespread protests, marking the end of nearly thirty years in power. He was sentenced to life imprisonment for being complicit in the deaths of 850 demonstrators during the 2011 protests, but higher courts later overturned the conviction. In 2015, he was sentenced to three years in prison for corruption. Mubarak has been married to Suzanne since 1959 and they have two children.
Hosni Mubarak Net Worth - NewsNow Nigeria
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