Billionaires
Hosni Mubarak Net Worth
Muhammad Hosni El Sayed Mubarak's Net Worth as of 2024
$1.2 Billion
Muhammad Hosni Said was born on the 4th May 1928, in Kafr-El Meselha, Egypt and is a military and political leader, who has held the position of President of the Arab Republic of Egypt. From his rise in the Egyptian Air Force, he became vice president in 1975, then succeeding Anwar Sadat as President after he was assassinated in 1981. He took power in his country the same year. He was considered one of the most powerful heads of state in the Middle East. He was sentenced to life imprisonment for the deaths of 239 demonstrators in the protests that brought him down in 2011. In 2015, he was sentenced to three years in prison for corruption.
How much is the net worth of Hosni Mubarak? It has been reported by authoritative sources that the overall size of his wealth is as much as $1.2 billion, as of the data presented in early 2017. It should be noted that The Guardian reported that Mubarak and his family had accumulated $70 billion through corruption, bribery and illegitimate commercial activities. Egypt’s level of corruption was assessed at 3.1 (10 being clean and zero corrupt) and 98th on the countries list.
Hosni Mubarak Net Worth $1.2 Billion
To begin with, he graduated from the Military Academy in 1949 and from the Egyptian Air Force Academy in 1950. He assumed command positions in the Air Force between 1966 and 1969. In 1972, President Anwar el Sadat appointed him commander-in-chief of that branch of the Armed Forces, and his performance in the Yom Kippur’s war with Israel in 1973 earned him promotion to marshal in 1974.
In 1975, Sadat appointed him to the post of his vice president. In the years that followed, Mubarak was involved in important diplomatic negotiations with other countries in the Middle East. After Sadat’s assassination, he became president of Egypt in 1981 and was re-elected four times, in 1987, 1993, 1995 and 1999. He resigned the presidency in 2011 after nearly thirty years in power when, spurred by the fall of Tunisia’s head of an authoritarian government Zine El Abidine Ben Ali, Egyptians launched protests around the country, especially in the cities of Cairo, Alexandria and Suez, demanding the resignation of Mubarak. Over one million people participated in the largest demonstrations, and massive protests also occurred in other Egyptian cities, on the same day that Mubarak declared that he would step down.
After leaving office, Mubarak appeared to be physically ill, but attended all sessions of his subsequent trial even after suffering a heart attack. Mubarak was sentenced to life imprisonment for being complicit in the deaths of 850 demonstrators during the demonstrations of 2011; higher courts later overturned the conviction. At the end of 2014, the Cairo Criminal Court dismissed allegations of corruption against Mubarak, and at the beginning of 2015, the Court of Cassation of Egypt overturned the last remaining conviction against him and ordered a retrial. A new trial on corruption charges led to a conviction and a three-year prison sentence. It was unclear whether the sentence would take into account the time already served, since Mubarak had already spent more than three years in prison and thus potentially would not have to serve any additional time in jail. Eventually, Mubarak was released on the 24th March 2017, returning to his residence in Heliopolis.
Finally, in the personal life of Hosni Mubarak, he has been married to Suzanne since 1959, and they have two children.
Billionaires
Warren Buffett Net Worth
Warren Edward Buffett was born on 30 August 1930, in Omaha, Nebraska USA, and is known worldwide variously as the “Sage”, “Wizard” or “Oracle of Omaha”, as is currently ranked in the top three richest people in the world by Forbes and Bloomberg, being primarily an extremely knowledgeable investor and financial advisor, also a business magnate, financier and generous philanthropist.
So just how rich is Warren Buffett? According to Forbes, Warren’s net worth in mid-2017 is estimated to be a very impressive $77 billion, the vast majority of his wealth having been accumulated as a result of his consistently successful investing through his company Berkshire Hathaway.
Warren Buffett Net Worth $77 Billion
Warren Buffet is the only son of US Congressman Howard Buffett and mother Leila (née Stahl). Warren went to school in Washington DC, and then to the University of Pennsylvania for two years (including joining the Alpha Sigma Phi fraternity) before transferring to the University of Nebraska from where he graduated at nineteen with a BSc in business administration. After unsuccessfully applying to Harvard Business School, Buffett enrolled at Columbia Business School, and graduated with a MSc in economics in 1951. Buffett also attended the New York Institute of Finance.
Even in primary school, Warren Buffett made money in all sorts of ways, including owning second-hand pinball machines, working in his grandfather’s store, selling golf balls, chewing gum, and magazines door-to-door. Buffett’s interest in the stock market and investing began in his schooldays too, sometimes spent in the customers’ lounge of a regional stock brokerage near his father’s office, plus visiting the NYSE when he was 10. At 11, he bought three shares of Cities Service for himself, and three for his sister Doris (founder The Sunshine Lady Foundation). In high school, he invested in a business owned by his father, and bought a farm worked by a tenant farmer.
Warren Buffett began his full-time working career as an investment salesman for Buffett-Falk & Co., then as a securities analyst in Graham-Newman Corp, and subsequently went on to work at Buffett Partnership, Ltd. In 1957 he had three partnerships operating, increasing to five the next year, and which by 1962 made him a millionaire – that year his partnerships had assets of over $7 million, $1 million of which belonged to Buffett.
Buffett’s first private investment was the department store Hochschild, Kohn and Co. However, it was Berkshire Hathaway that brought him huge financial success, firstly from buying the shares of this multinational conglomerate holding company, then becoming chairman in 1965. The company became the portal for virtually all of Buffett’s investments, giving him a spot on the Forbes 400 in 1979, and making him a billionaire by 1990. Warren Buffett is now chairman , CEO and the largest shareholder of the company. In 2008, he was listed by Forbes as the richest person in the world, and in 2012, Time magazine named Buffett one of the most influential people in the world, a position which he has held in every year since, regardless of formal acknowledgement.
In addition to the profits gained from his company, Buffett has accumulated a large amount of his net worth due to forward contracts, the value of which by 2006 was over $2 billion. That same year Buffett announced that he would give away 85% of his Berkshire holdings to five charitable organizations – the largest amount going to the Bill and Melinda Gates Foundation co-founded with Bill Gates with the aim of reducing poverty and enhancing healthcare – plus others such as Nuclear Threat Initiative, Glide Foundation, and Buffett Foundation, created in order to manage his charitable donations. As a result of his philanthropy, Warren Buffett’s annual salary in recent years amounts to only $100,000.
Buffett’s humble and generous personality has inspired many authors such as Robert Lowenstein, Alice Shroeder, Janet Lowe, and John Train to release books about him. Warren Buffett is also a known writer himself, and has been publishing annual reports and various articles for a number of years, the most prominent of which is “The Super Investors of Graham-and-Doddsville”.
In his personal life, Warren was married to Susan from 1952 until her death in 2004, although they lived separate lives from the late 70s; they have one daughter. In 2006 he married Astrid Menks, with whom he had been co-habiting for many years. Warren Buffett lives in a house in Omaha, which he purchased in 1957 for $31,000. During his free time, Buffett enjoys playing bridge, and has even sponsored a Buffett Cup bridge match.
Billionaires
Jefferey Hildebrand Net Worth
Jeffery Hildebrand is a successful American businessman, born in 1959, and best known as the founder, CEO and chairman of the Hilcorp Energy Company, which is now one of the largest oil and natural gas exploration and production companies privately-held in the US.
Have you ever wondered how rich Jeffery Hildebrand is? According to sources, it has been estimated that Jeffery Hildebrand’s overall net worth is $4.2 billion, accumulated through an outstandingly successful and lucrative career as an entrepreneur, since the early ‘90s. As he is still an active businessman, his net worth continues to increase.
Jeffery Hildebrand Net Worth $4.2 Billion
Jeffery attended the University of Texas at Austin, where he first earned a bachelor’s degree in geology in 1981 and then a master’s degree in petroleum engineering four years later. During his studies, Hildebrand was also a member of the Pi Epsilon Tau fraternity. His career beginnings were at the American Energy Capital Corporation, Exxon Company and the Dan A. Hughes Company.
However, his career really started moving upwards in 1989, when he founded Hilcorp Energy Company. This oil and gas exploration and production company, headquartered in Houston, soon became one of the leaders in the US. It now has operations in multiple states including the Rockies, the Gulf Coast and Northeast US, as well as Alaska. In 2011, the company sold its interests in Eagle Ford Shale to Marathon Oil for approximately $1.4 billion. Years after its foundation, it appeared on Fortune Magazine’s 100 Best Companies to Work For three years in a row – in 2013, 2014 and 2015. This proved to be true, as Jeffery gave each one of his 1400 employees a $100,000 bonus to thank them for their efforts in making his business the most profitable privately held oil and gas company in the US.
Apart from this, Hildebrand is a member of several other associations, including the Engineering Advisory Board, The National Petroleum Council, the Houston Energy Finance Group, the All American Wildcatters, the Independent Petroleum Association of America, the American Association of Petroleum Geologists, the Texas Independent Petroleum Royalty Owners Association, the Louisiana Independent Oil and Gas Association among many others. He was also appointed to the University of Texas Regent Wallace Hall in 2011.
The successful businessman that he is, Jeffery holds several other positions, on the boards of Central Houston, Inc. the Houston Livestock Show and Rodeo and the Houston Police Foundation. He is Vice-Chairman of the University of Texas Systems Board of Regents, chairman of the University of Texas Investment Management Company, and a member of the University Lands Advisory Board.
When it comes to his private life, Jeffery is married to Mindy; they have three children and reside in Houston, Texas. As for political involvement, since the beginning of the 2000s, Hildebrand has donated more than $360 000 to politician Rick Perry.
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