Mojtaba Khamenei: The second-eldest son of Iran’s Supreme Leader Ayatollah Khamenei has overshadowed the long-projected image of his father as an austere piety. Mojtaba Khamenei is alleged to be behind several multi‑billion‑dollar global property and financial networks that stands in stark contrast to a struggling Iranian economy that has been collapsing under currency devaluation, inflation and economic sanctions for long.
As ordinary citizens of the Islamic Republic of Iran struggle to afford even the Persian carpet (food for poor), bread and medicine, questions are now mounting as to who is quietly getting richer and who in Iran is really suffering?
Empire And Net Worth Of Mojtaba Khamenei
Mojtaba Khamenei, who is often described as the “shadow prince” of Iran is believed to influence or control assets worth over $3 billion. His wealth is primarily routed through many offshore accounts, shell companies and UAE, European and other countries’ intermediaries, making it extremely difficult for world agencies to trace.
DON'T MISS
According to media reports, Mojtaba’s portfolio includes luxury real estate in London, Dubai and many European Capitals. It also includes resorts and hotels in cities like Frankfurt, Vienna and the Mallorca coast in Spain.
Declining Iranian Rial
For years, the Iranian Rial has seen a staggering free-fall. Since 2023, the slide has become highly prominent with the currency losing more than 80-90 percent of its value against the United States dollar on many occasions. As of today, one United States dollar is equal to 11,19,164 Iranian Rial, eroding savings and wages of the common Iranian with every passing day.
For a big majority of Iranians, the collapse of Rial means that their salaries that once used to cover rent and groceries are now even sufficient to buy a day’s basic staples.
Sagging Economy And Sufferings
Oil sanctions on Iran have hit the country the most. Add to that, factors such as mismanagement, corruption, income disparities and regional tensions along with the failure of domestic industries. Power cuts, water shortages and crumbling infrastructure in major cities of Iran are common now.
US Sanctions On Iran Behind Economic Turmoil
The economic sanctions imposed by USA on Iran have severely constrained the access of Iran to global markets, resulting in restricting foreign investment. Regional proxy wars and the opaque financial networks of the ruling elite have all played major roles.
Many experts argue that sanctions have, paradoxically, strengthened the very networks they were meant to weaken, allowing well‑connected insiders like Mojtaba Khamenei to profit from smuggling, currency arbitrage, and sanctions‑evasion schemes.
There is no denying the fact that the Supreme Leader’s son seems to be quietly building a global property and financial empire that could outlive the very revolution that brought his father to power.