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Before the Islamic Revolution of 1979, the Rezai family was one of the richest and most powerful families in Iran. The four brothers, Ali, Mahmood, Abbas and Ghassem used their savvy, and a small inheritance from their father who had died when Ghassem, the youngest of the brothers was only 40 days old, to build one of the biggest business empires in Iran if not the Middle East at the time. The businesses were largely based on "theaters, tobacco and mining". Ali Rezai, the oldest of the brothers, focused on a steel mill, while Mahmood developed mining interests—initially mining
File:Ali Rezai.jpg, Ali Rezai
File:Mahmood Rezai.jpg, Mahmood Rezai
File:Abbas Rezai.jpg, Abbas Rezai
File:Ghassem Rezai.jpg, Ghassem Rezai
Before the Islamic Revolution of 1979, the Rezai family was one of the richest and most powerful families in Iran. The four brothers, Ali, Mahmood, Abbas and Ghassem used their savvy, and a small inheritance from their father who had died when Ghassem, the youngest of the brothers was only 40 days old, to build one of the biggest business empires in Iran if not the Middle East at the time. The businesses were largely based on "theaters, tobacco and mining". Ali Rezai, the oldest of the brothers, focused on a steel mill, while Mahmood developed mining interests—initially mining chromium
Chromium is a chemical element with the symbol Cr and atomic number 24. It is the first element in group 6. It is a steely-grey, lustrous, hard, and brittle transition metal.
Chromium metal is valued for its high corrosion resistance and hardne ...
in the Dasht-e Kavir, and using his success to develop the Sarcheshmeh copper mine. Their various business successes meant that by 1975 they employed over 8,000 people, and had an annual turnover of $300 million.
Politically, they had backed Shah Mohammad Reza Pahlavi, and Ali Rezai became a senator in the Majlis of Iran in 1975.
As the monarchy fell in 1979, because of their vast fortune and ties to the Royal family, the Rezai's had to go into exile. Ali fled by air, and, by various means, all the family members "escaped to New York City, Houston, Los Angeles and Costa Rica
Costa Rica (, ; ; literally "Rich Coast"), officially the Republic of Costa Rica ( es, República de Costa Rica), is a country in the Central American region of North America, bordered by Nicaragua to the north, the Caribbean Sea to the no ...
" by 1980. Ghassem Rezai died in May 2014.
References
{{reflist Iranian families People from Sabzevar American families of Iranian ancestry