Estimated current worth: $230 million
Ezz is a significant shareholder of publicly traded Egyptian firm Ezz Steel, one of the largest steel manufacturers in the Middle East. The company’s shares fell in the past year. Ezz served as chairman of ousted Egyptian President Hosni Mubarak’s political party, and was charged with corruption during the 2011 revolution. He served three years in jail and was released in 2014 after paying fines
Ezz was forced to step down from his post as chairman of Ezz Steel, but his holding company Ezz Group is still a shareholder in the company.
An Egyptian court recently upheld a decision to disqualify Ezz from running in parliamentary elections scheduled for October and November this year, according to local Egyptian President Abdel Fattah al-Sisi opposed Ezz’s candidacy, fearful that figures from the ousted Mubarak regime would return to power, according to Alaraby.
Sources: Alaraby, Forbes
