President of Egypt 2011 Egyptian revolution, Hosni Mubarak, who held office from 14 October 1981 until 11 February 2011, was forced to resign following calls for his removal from office. On 10 February 2011 Mubarak transferred presidential powers to then-Vice President Omar Suleiman, briefly making Suleiman "de facto" president. Following Mubarak's resignation, the position of President of Egypt was officially vacated and the Supreme Council of the Armed Forces, led by Field Marshal Mohamed Hussein Tantawi, assumed executive control of the state. On 30 June 2012, Mohamed Morsi was sworn in as President of Egypt, having won the 2012 Egyptian presidential election on
Hosni Mubarak believed the personal wealth of Mubarak and his family was between and from military contracts made during his time as an air force officer. "The Guardian" reported that Mubarak and his family might be worth up to garnered from corruption, bribes and legitimate business activities. The money was said to be spread out in various bank accounts, including some in Switzerland and the UK, and invested in foreign property. The newspaper said some of the information about the family's wealth might be ten years old. According to "Newsweek", these allegations are poorly substantiated and lack credibility. On 12 February 2011,