His son Mojtaba owns luxury mansions and hotels worth $135 million in Europe
Ayatollah Ali Khamenei, who was killed by the US and Israel, ran a large-scale business empire worth at least 95 billion dollars. He was the longest-reigning leader in the Middle East, holding Iran with an iron fist since 1989.
During these 36 years at the head of Tehran, he managed to accumulate a huge fortune, built thanks to the systematic confiscation of expensive properties from ordinary Iranians, writes “Daily Mail”. His business empire continues to this day to be managed by the shadow organization “Setad”, created by Khamenei’s predecessor – Ruhollah Khomeini. Its full name in Farsi is “Setad Ejraye Farmane Hazrate Emam”, which translates as “Headquarters for the execution of the order of the Imam”.
“Setad” was one of the key factors through which Khamenei, who succeeded her, imposed his will on the economic life and industry of Iran. The organization has a court order
right to take away the private one property
of the citizens in the name of the supreme leader. It then sells the confiscated property and valuables at auctions or tries to extort payments from the original owners to return them.
A Bloomberg investigation revealed that under Khamenei’s leadership, Setad expanded its corporate assets by buying stakes in dozens of private and public Iranian companies.
The goal of the supreme leader was thus to create a corporate conglomerate that would stimulate the country’s economic growth in a situation of severe international sanctions. By now, Setad’s influence has spread to every sector of Iranian industry, including finance, the oil industry, telecommunications, birth control pills, and
even cultivation of ostriches
The total value of Setad is difficult to determine due to the fact that its accounts are hidden quite well by the Khamenei family. Reuters estimates it at about 95 billion dollars, with 52 billion in real estate and the remaining 43 in corporate investments. If these calculations are correct, it would make the late Ayatollah richer than the former Shah of Iran, whom he and Ruhollah Khomeini overthrew in 1979, the Daily Mail reports.
The wealth of the Khamenei dynasty is not limited to “Setad” or the borders of the Islamic Republic. The younger son of the ayatollah – Mojtaba, over the years, through offshore companies and proxy persons, has managed to accumulate a huge number of real estate properties. These include megamansions in London, a villa in Dubai and several luxury European hotels. “Bloomberg” estimates the property of the 56-year-old man at about 135 million dollars.
