Sunday, February 06, 2011

‘Pharaoh’ and his half-Welsh wife are worth £25 billion

By Daily Mail Reporter
Last updated at 6:59 PM on 31st January 2011

Big bucks: President Hosni Mubarak with his wife Suzanne, who is half-Welsh and has a British passport

Big bucks: President Hosni Mubarak with his wife Suzanne, who is half-Welsh and has a British passport

Dubbed ‘the Pharaoh’ for his 30-year iron rule, President Hosni Mubarak is said to have amassed a fortune of £25 billion for his family.

Mubarak, 82, his half-Welsh wife Suzanne and sons Gamal and Alaa are seen in Egypt as symbols of nepotism and corruption with properties and business interests worldwide, including London.

The First Lady keeps a firm grip on Egypt’s leading social circles and is often pictured at diplomatic and charity events in stylish outfits alongside dignitaries’ wives including Carla Bruni.

Her charity donations total millions of pounds a year, though rumours have swirled that some of this money has found its way into her bank accounts. As her profile in the state-controlled media has soared, critics have likened her to French Queen Marie-Antoinette.

Critics say the closest their sons have got to ordinary Egyptians was when they were driven past them in limousines. Both sons have been linked to arms-dealing.

Mubarak has survived at least six assassination attempts and fears have also been growing that he plans to groom the more political Gamal to inherit the throne.

Will first family flee to London (and Selfridges)?

When a Cairo newspaper claimed on Tuesday that members of President Mubarak’s family had fled, speculation spread that they were on their way to Britain.

The newspaper reported that Gamal Mubarak, the president’s son and possible successor, had boarded a private jet bound for London, taking his family and 97 pieces of luggage with him.

Egyptian baggage handlers at Heathrow were also quoted as saying that they had seen President Mubarak’s wife Suzanne, who is half-Welsh and holds a British passport, at the airport.

UK links: Gamal Mubarak (left), son of Egyptian President Hosni Mubarak, and his wife Khadiga have previously lived in west London (below)

UK links: Gamal Mubarak (left), son of Egyptian President Hosni Mubarak, and his wife Khadiga have previously lived in west London (below)

UK links: Gamal Mubarak, son of Egyptian President Hosni Mubarak, and his wife Khadiga have previously lived in west London

Though the claims were denied by Egyptian diplomats in London, there have since been other apparent sightings, with one member of the public claiming on an internet site that she had seen Mrs Mubarak shopping in Selfridges in Oxford Street.

The Foreign Office would not confirm last night whether Mrs Mubarak and her sons Gamal and Alaa had British passports.

The family, who have relatives in Britain, are regular visitors and Gamal, 47, once lived and worked in London, initially for Bank of America before, in 1996, he set up his own investment vehicle, Medinvest Associates.

He lived in a five-storey Georgian townhouse in Knightsbridge, on the same street as the five-star Berkeley Hotel and a stone’s throw from Hyde Park. The most recent similar property to sell on the street went for £5.59 million.

The offices of Medinvest Associates are based a five-minute walk away, above expensive boutiques in the centre of Knightsbridge.

Suzanne Mubarak was born in Upper Egypt in 1941, but her mother Lily May Palmer was a nurse from Pontypridd, Wales, who married an Egyptian paediatrician, Saleh Sabet in 1934.

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home