Washington (CNN) - Donald Trump had no sympathy Thursday for Egyptian President Hosni Mubarak and expressed optimism that events in Egypt will not affect the world economy.
"So far, things are looking alright," Trump told a small group of reporters before delivering a political speech before a gathering of Republicans. Mubarak spoke to his country on Thursday and said he had delegated powers to his vice president but did not step down from the presidency.
"He lives in tremendous estates all over the world," Trump said. "Supposedly, he's taken $50 to $70 billion dollars. Is this the kind of a leader they want? I don't think so."
(CNN has not independently confirmed the size of Mubarak's wealth.)
Trump offered neither criticism nor praise for how President Obama has dealt with the Egyptian crisis saying it was out of Obama's hands.
"I don't think he has handled it," Trump said. "These events are beyond him."
Trump was appearing at the Conservative Political Action Conference, an annual gathering of conservatives and libertarians in the nation's capital. Trump has repeatedly said he is considering running for president.
Trump appeared as a guest of GOProud, a conservative gay rights organization. Several social conservative organizations have withdrawn from this year's CPAC because of GOProud's inclusion in the three day conference. But Trump, a very successful businessman-turned reality television star, offered praise for GOProud.
"I have a lot of respect for the group," Trump said.
Trump continued to be coy about whether he will end his flirtation with a White House run and seek the GOP presidential nomination,
"I'm a Republican," he said. "Let's see what happens."
A short time later, in his speech to a packed ballroom, Trump reiterated his pledge to make a decision on a 2012 presidential run by June.
–CNN's Mark Preston, Jim Acosta, Evan Glass and Peter Hamby contributed to this report