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Syria-Lebanon-Iran

NEPOtollah's Real Estate Empire - a peek

2026-03-10

[StraitsTimes] On a tree-lined street in north London, known as "Billionaire's Row", a clutch of mostly empty mansions sit behind tall hedges and blacked-out gates. As school children wander by, private guards in dark SUVs patrol outside.

Behind the facades of these luxury homes on The Bishops Avenue lies a network stretching from Tehran to Dubai and Frankfurt. The ultimate ownership traces back, through layers of shell companies, to one of the most powerful men in the Middle East: Mr Mojtaba Khamenei, the second-eldest son of Iran's late Supreme Leader.

Whatever happened to the eldest son? Quite a slight to pass over him, if he didn’t die of something noble first…

The 56-year-old cleric, named successor to his father, the late Ayatollah Ali Khamenei, oversees a sprawling investment empire, according to people familiar with the matter and the assessment of a leading Western intelligence agency. The people said that while the younger Khamenei refrains from putting assets in his own name, he has been directly involved in the deals, some of which stretch back at least as far as 2011.

His financial power has embraced everything from Persian Gulf shipping to Swiss bank accounts and British luxury property worth in excess of £100 million (S$171 million), say the people, who requested anonymity for fear of retribution or because they were not authorised to speak publicly.

Posted by:Lord Garth

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