Carlos Slim

February 12, 2011 by staff 

Carlos Slim, Forbes magazine, which produces the esteemed list of the richest men in the world, today rejected the calculations that have been placed in recent days, Egyptian President Hosni Mubarak, as the richest person on the planet.

In its online edition, the magazine dismissed as “exaggerated” and “unproven” calculations that raise Mubarak family fortune to 70,000 million dollars and last week appeared in the Guardian and the American television channel ABC News, among other means.

The media quoted other experts to Amaney Jamal, a professor of political science at Princeton University, who estimates between 40,000 and 70,000 million wealth of Mubarak, an agent for two weeks has been in the spotlight before the protests calling for his resignation after 30 years in power in Egypt.

“At Forbes we do not claim to know the fortunes of Mubarak, but it is very unlikely to be close to 70,000 million,” says the magazine, which plans to conduct research to estimate the wealth of the Egyptian president.

If successful these speculations, Mubarak would rise as the world’s richest man, above the Mexican businessman Carlos Slim, who heads the list of the wealthiest in the world with 53,500 million dollars, according to the latest estimates by Forbes.

The magazine, in March next update that ranking, says that today the heritage of Mexican tycoon could be around 63,000 million dollars.

On the other hand, the magazine estimated that the royal families, the wealthiest in the world is the King of Thailand Bhumibol Adulyadej, with a total of 30,000 million dollars, well below the heritage that has come to award to Mubarak family.

Thus, Forbes says that the calculations of these experts are mere “assumptions.”

Last Wednesday the U.S. television channel ABC News quoted a professor at Princeton University, Amaney Jamal, who said that “service in the army and the government have amassed personal fortunes” of Hosni Mubarak.

Jamal said in that world and the corruption of the Egyptian regime has raised the fortunes of the president, who would have most of their assets in banks outside of Egypt, such as England and Switzerland.

That means also quoted the author of the book “The Last Pharaoh: Mubarak and the uncertain future of Egypt in the Age of Obama” Aladdin Elaasar, who says Egyptian president’s fortune is between 50,000 and 70,000 million dollars thanks part to the many properties his family owns in Egypt.

For its part, the Guardian quotes the professor of Middle East politics at the University of Durham, Christopher Davidson, who points out those businesses with foreign companies Mubarak family belonged to his fortune.

Davidson explained in that newspaper that the state is Egypt with 20 percent ownership of foreign companies that settle in the country; although in other Gulf countries this percentage rises to 51 percent-which helps to politicians and their allies get huge profits.

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