Egyptian business tycoon and former politician Ahmed Ezz has an estimated net worth of $520 million as of 2015, according Forbes. He is the former owner of Ezz Steel and the former chairman of Egypt’s national assembly’s budget committee. He is also a former senior member of the National Democratic Party of Egypt.
Ahmed Ezz was born on 12 January 1959 in Cairo, Egypt. He earned his degree in civil engineering from Cairo University. He was elected twice as the head of the Arab Iron and Steel Union.
Ezz was forced to resign as chairman of Ezz Steel, the largest steel company in the Middle East and the North Africa Region in 2011. He was accused of corruption and served three years in jail. Ezz’s holding company Ezz Group continues to be a majority shareholder in the company.
Ezz served as the chairman of Hosni Mubarak’s National Democratic Party. He was arrested after Mubarak resigned due to the 2011 Egyptian Revolution. His companies were investigated twice for monopoly by the Egyptian Competition Authority before and after the revolution. They were found “not guilty”. Ezz has refuted all the charges leveled against him.
Ahmed Ezz is married and has two children.