As one of the most talked-about figures, Hosni Mubarak has built a significant fortune. In this article, we dive deep into the assets and career highlights.

What was Hosni Mubarak's net worth?

Soon after the initial reports were released, the Swiss government froze several Mubarak family bank accounts.

Mubarak was born on May 4, 1928, in Kafr El-Meselha, Monufia Governorate, Egypt. His full name was Muhammad Hosni El Sayed Mubarak. He attended the Military Academy and, when he was 21, joined the Air Force Academy. By March of 1950, he gained his commission as a pilot officer and eventually received his bachelor's degree in aviation sciences.

Mubarak began his career in public service in the Egyptian Air Force, where he served as an officer in various formations and units. He rose through the ranks, and by 1967, he had become the Air Force Academy's commander. While in that role, he was credited with doubling the number of Air Force pilots and navigators. In 1969, he was named the Chief of Staff for the Egyptian Air Force. A few years later, in 1972, Mubarak was named the Commander of the Air Force and Egyptian Deputy Minister of Defense. The following year, when the Yom Kippur War broke out, the Egyptian Air Force launched a surprise attack on Israel. The Egyptian Air Force was able to hit over 90% of their air targets, making Mubarak a national hero. He was promoted the following year to Air Chief Marshal in recognition of his service during the war against Israel.

KHALED DESOUKI/AFP/Getty Images

There were several assassination attempts on Mubarak during his time in the Presidential seat. The Jihad cell tried to eliminate him while he attended a conference at the Organization of African Unity. It was also said that he was attacked with a knife and suffered injuries. Mubarak was elected to four terms as President, although there is a question as to whether the elections were legitimate or not. Under President Mubarak's rule, people and politicians were jailed and held without trial, people were persecuted, and privacy was invaded. The government was allowed to arrest and hold people without any reason for as long as they deemed necessary. Demonstrations of any political organizations were banned. This was called the Emergency Law.

Hosni Mubarak was an Egyptian who, at his peak of power, had a net worth of $70 billion at the peak of his power. As we detail in the next section, a hidden fortune certainly made Hosni therichest person in Egyptfor much of his life and potentially the richest person in the world. Hosni Mubarak died on February 25, 2020, at the age of 91. Hosni served as the President of Egypt from 1981 to 2011. He also served in the Egyptian Air Force as a career officer and commander (1972-1975) and eventually became the air chief Marshall. Mubarak was forced to resign as President in 2011 amid heavy protests and demonstrations. He and his two sons were also held and questioned concerning charges of political corruption. Mubarak was accused of pre-meditating the murder of innocent protesters during the time of the revolution, as well as being suspected of having something to do with the assassination of former President Anwar Sadat. President Sadat appointed Mubarak to be his vice president in 1975, and Mubarak met with many important political figures and took part in all meetings in support of Sadat's policies. He was considered Sadat's right-hand man, and no one wanted to cross him. Mubarak took over as President after Sadat was killed by a military Jihad cell. During Sadat's Presidency, Egypt was suspended from being a part of the Arab League because of his peace treaty with Israel, but the suspension was lifted after Mubarak took over the office.

Mubarak was facing the death penalty for the murder of peaceful protesters if found guilty. On August 3, 2011, Mubarak and his sons, Alaa and Gamal, were brought before the courts in North Cairo and charged with corruption and premeditated murder. Mubarak pleaded not guilty.

In February 2011, an ABC News investigative report found that Hosni Mubarak's personal net worth was $40 to $70 billion. If true, for a number of years, he would have been therichest person in the world, secretly. According to a similar report by The Guardian, his fortune was AT LEAST $70 billion and was earned through a decades-long career of bribes and corruption. The money was allegedly stored in dozens of bank accounts in Switzerland and the United Kingdom or was invested in property.

Ultimately, Hosni Mubarak's financial journey is a testament to their success.

Disclaimer: All net worth figures are estimates based on public data.