Mojtaba Khamenei’s net worth, from his London properties to his offshore assets, to his hidden business empire in Iran.
Mojtaba Khamenei, son of Ayatollah Ali Khamenei, is now the new Supreme Leader of Iran. The news came just days after the killing of Ali Khamenei in a joint US-Israeli attack in Tehran. Over the years, the new leader has risen through the ranks of power not only thanks to his behind-the-scenes political influence, but also through a growing network of economic and financial interests. An empire that, according to several investigations, extends well beyond Iran’s borders.
In succeeding his father as Supreme Leader of Iran, Mojtaba Khamenei has not seen a radical change in his personal fortune. What he inherits politically from Ayatollah Ali Khamenei, however, multiplies the influence of the economic power he already possessed.
Mojtaba Khamenei’s Net Worth
Mojtaba Khamenei’s exact personal net worth is not publicly known, as most of his assets are reportedly hidden through intermediaries, shell companies, or political networks.
However, several unconfirmed estimates indicate that his wealth amounts to over $3 billion (€2.6 billion), with assets distributed across bank accounts and investments outside Iran.
Some investigations link him to a vast offshore network with properties and investments in Europe and the Middle East, often registered through intermediaries rather than directly in his name. According to Bloomberg, for example, Mojtaba indirectly holds over 100 million pounds (€115.5 million) in property in London’s exclusive "Billionaire’s Row" neighborhood, in the north of the city.
Assets linked to his network include luxury residential real estate in London, including large villas held through offshore companies; luxury villas in Dubai, located in elite residential neighborhoods; commercial real estate and hotels in Europe, including properties in Germany and Spain; and financial assets held through foreign accounts and investment vehicles, often spread across multiple jurisdictions. None of these assets, however, are publicly registered in Mojtaba Khamenei’s name.
Mojtaba Khamenei has been subject to US sanctions since 2019 due to his role within the Supreme Leader’s office and alleged ties to the Iranian security apparatus. Sanctions enforcement agencies in the United States and the United Kingdom have focused over time on tracing assets and their beneficial ownership, in some cases even freezing assets linked to his network.
How much is the inheritance from Ayatollah Ali Khamenei?
Mojtaba Khamenei’s personal wealth must be considered separately from the vast economic empire controlled by Iran’s Supreme Leader.
His father, Ali Khamenei, controlled a network of assets worth an estimated $95 billion (€82.2 billion) through entities such as Setad (the Farsi acronym for Executive Headquarters of the Order of the Imam).
This amount does not directly enter into Mojtaba’s personal wealth. However, as Supreme Leader, he acquires enormous influence over the management of this liquidity and the structures that administer it.
The real change for Mojtaba Khamenei, therefore, concerns not so much the size of his personal wealth, but rather the control and supervision of the economic empires linked to the state and the religious establishment.
The Powers of Iran’s Supreme Leader
As Iran’s Supreme Leader, Mojtaba now holds sway over some of the country’s key economic powerhouses.
Setad
At the heart of the system is the Executive Headquarters of the Order of Imam Khomeini, commonly known as Setad. Created in the late 1980s to manage properties abandoned after the Iranian Revolution, Setad has evolved over time into a vast holding company under the leadership of Ali Khamenei.
Setad’s assets are estimated to be worth tens of billions of dollars. Operationally, it operates hundreds of subsidiaries in sectors such as banking and finance, telecommunications, pharmaceuticals, real estate, energy, and petrochemicals.
Among its main corporate arms are large investment firms that hold stakes in Iranian industries, often in a non-transparent manner. Controlling Setad means having influence over one of Iran’s most powerful financial engines.
Bonyad
Another pillar of the system is the network of bonyads, charitable religious foundations created after the Islamic Revolution. These organizations operate outside of direct government control and are generally exempt from taxation.
One of the largest is the Mostazafan Foundation. According to unconfirmed sources, the foundation controls hundreds of companies, owns factories, mines, hotels, and agricultural businesses and operates in sectors ranging from food production to construction.
The foundation’s assets are estimated to exceed $10 billion (€8.6 billion).
Alongside it, there are numerous other foundations linked to the religious establishment, endowed with vast financial resources and significant political influence. As Supreme Leader, Mojtaba now has the power to oversee and appoint the leadership of these institutions.
The Revolutionary Guards’ Business Empire
A significant portion of Iran’s economy is tied to the Islamic Revolutionary Guard Corps (IRGC), which over the years has built vast economic networks through construction firms, energy companies, and major infrastructure projects.
One of its most powerful companies is Khatam al-Anbiya Construction Headquarters, a conglomerate involved in oil and gas development, dam and highway construction, and telecommunications infrastructure, with contracts worth billions of dollars.
The IRGC is not formally owned by the Supreme Leader, but its leadership reports directly to him, giving the Supreme Leader decisive influence over this part of the economy as well.
Religious Networks
Finally, the Supreme Leader controls a vast network of patronage that channels liquidity to seminaries, religious institutions, media organizations, charities, and political loyalists.
These economic flows come from multiple sources, including religious foundations, donations, state investments, and indirect economic activities, and contribute to consolidating the power system centered around the Islamic Republic’s religious leadership.
Original article published on Money.it Italy. Original title: Quanti soldi ha Mojtaba Khamenei, la nuova Guida Suprema dell’Iran?
