Hosni Mubarak day, Suleiman announced that Mubarak had resigned. The announcement sparked cheers, flag-waving, and celebrations from protesters in Egypt. Discussions about the nation's future direction began. It had been suggested that Egypt be put in the hands of a caretaker government. On 25 January 2011, protests against Mubarak and his government erupted in Cairo and around Egypt calling for Mubarak's resignation. Mubarak stated in a speech that he would not leave, and would die on Egyptian soil. Opposition leader Mohamed ElBaradei paid no attention to Mubarak's remarks and labeled it as a trick designed to help Mubarak to stay in power.
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,