Quick Links

Muhammad Hosni El Sayed Mubarak was born on May 4, 1928. He is a former Egyptian military and political leader. Hosni became Egypt's fourth President from 1981 to 2011. As of the moment, he has a net worth of $1.2 billion.

Before entering politics, he became the Egyptian Air Force's career officer. He became a commander from 1972 to 1975. In 1973, he went up to the rank of air chief marshal. He returned to the Air Force Academy in the 1950s as an instructor and remained there until 1959. After the assassination of Anwar Sadat, he assumed the presidency. His administration lasted for almost thirty years making him the second longest-serving ruler in Egypt. Mubarak stepped down after days of demonstrations during 2011 Egyptian Revolution. Vice President Omar Suleiman announced that Mubarak resigned as president last February 11, 2011. He transferred the authority to the Armed Forces' Supreme Council.

Last April 13, 2011, a prosecutor ordered Mubarak and his sons to detention. They will question them for their allegations of abuse of power and corruption. There was an order for Mubarak to stand trial on charges f negligence because he failed to halt the killing of the peaceful protesters during the revolution. On June 2, 2011, Mubarak received a sentence of life imprisonment. After suffering a series of health problems, they detained Mubarak in a military hospital. The Court of Cassation or the top appeals court of Egypt acquitted him last March 2, 2017, and released him on March 24, 2017.

Earnings & Financial Data

Date

Category

Description

Amount

2015

Lawsuit Settlement

Fine and the return of 21 million embezzled Egyptian pounds

$19,000,000

2014

Lawsuit Settlement

Fine and repayment for charges of embezzlement

$20,500,000

2012

Asset

Assets seized by the Spanish police

$32,950,000

2011

Lawsuit Settlement

Fine for damaging the national economy during the protests by shutting down the Internet and telephone services

$33,600,000