Evening star., 1952-07-31
ExiIed Farouk Says
He's No Longer Rich,
will Stay on Capri
BY the Assoeiosed Pres,

ISLE OF CAPRI, July 81
Egypt's ex-King Farouk declared
today "I am no longer a rich
man." He denied he had sneaked
out a fortune when he was ousted
from Egypt and declared he had
none tucked away in foreign
banks.
Nevertheless. he added: "By the
standards Of the very poor. I am
still to be envied."
Addressing more than 100 news
men and photographers in the
first public statement since he
was toppled from his ancient Nile
throne in a military revolt last
Saturday, the former King said
ne had made no plans about
where to live.
ANY one who says I am going
to the United States, England.
Switzerland or Southern France,
knows more than I do" he de-
iclared. For the time being, he
said, he intends to stay on this
romantic isle OF Southern Italy.
Jibes at Opponents.
The playboy ex-monarch. now
80, got in a dig at Gen. Mohamed
Maguib and others who engineered
his custer. He said he wished the
men who threw him out good
luck. because they'll need it,"
Il hope they will not think gov
ernment Of a country these diff
cult days of war crisis is such an
easy matter as might perhaps have
been thought by those who are
new to it," he said.
Farouk, who arrived here Tues
day, asked that he, his wife,
ex-Queen hartman, and their
6-month-old son, Egypt's newly
proclaimed King Ahmed Faud II,
be allowed to live here in peace.
Three daughters by former mar
riage are also here with him.
Family Chooses Exile.
He said he wanted to make it
clear that it is I alone who am
exiled. My wife . and children
are free to return to Egypt.
Neither my wife nor her parents
are exiled. AFsf .-r 4e.a.
But my wife has chosen to be
with me and SO has each of my
three daughters and this has made
me very proud and happy"
Farouk has taken the title of
Prince Farouk Fuad for his life
in exile. The Fuad is in honor of
his father, the late King Fuad I.
Referring to his reputed vast
wealth, Farouk said in his lengthy
written statement:
II am no longer a rich man.
It is untrue that I have taken
a fortune out Of Egypt. Nor is it
true that I have a fortune hidden
away.
by the standards of the very
poor" he continued, II am still
to be envied. I hope that from
now ON it will be envy without
bitterness.
MY wife, baby, three daugh-
ters and I will live very simply.
Il know that some of you will
smile at this. and I would have
you remember that any man who
has considerably less than he has
been accustomed to having feels
he is a poor man."
Owned Much Real Estate.
Estimates Of Faruok's wealth
have ranged from $50 to $500
million. Much Of this, however,
was in Egyptian real estate. 1t is
understood the new Egyptian
government plans to seize these
holdings.
Referring to his immediate
plans. Farouk said he and his
family intended to take "a little
holiday"
IL Will De the nrSt one since
/ became King, in spite of what
has been said of me-" he asserted.
Farouk said that even on his
wedding trip through Italy and
France last year II was constant
ly busy with state affairs"
Observers here recalled that he
found enough free time from state
affairs to bet huge sums at gam
ing tables along the Riviera.
New Way Of Life.
THE past few days have been
anxious and difficult, but we've
survived them," he said, "and all
we ask now is to be allowed to get
used to our new way of life in