Mahmoud Reza Khavari is a wealthy Iranian-Canadian businessman and former banker. He gained international attention for his involvement in a major financial scandal in Iran, which led to his resignation as the CEO of Bank Melli Iran. Khavari has amassed a significant net worth over the years through his business ventures and investments.
Let’s explore Mahmoud Reza Khavari net worth, early life, career highlights, and much more.
Quick Facts
| Full Name | Mahmoud Reza Khavari |
| Popular Name | Mahmoud Reza Khavari |
| Gender | Male |
| Birth Date | May 26, 1952 |
| Age | 71 (as of June 1, 2023) |
| Birth Place | Khorramabad, Iran |
| Nationality | Iranian |
| Marital Status | Single |
| Net Worth | Approximately $5 million |
| Source of Wealth | Banking and business |
What is Mahmoud Reza Khavari Net Worth and Salary in 2023?
As of June 1, 2023, Mahmoud Reza Khavari has an estimated net worth of approximately $5 million. This substantial wealth can be attributed to his successful career in banking and business.
Why is Mahmoud Reza Khavari Famous?
Mahmoud Reza Khavari gained fame primarily due to his role as the CEO of Bank Melli Iran, one of the largest banks in the country. However, he became infamous after being involved in a financial scandal that shook the Iranian banking system.
Khavari was accused of embezzling billions of dollars from the bank, which eventually led to his resignation and subsequent fleeing to Canada. His net worth and controversial actions have attracted significant media attention.
Mahmoud Reza Khavari Overview
Early Life
Mahmoud Reza Khavari was born on May 26, 1952, in Khorramabad, Iran. Not much is known about his early life and upbringing.
Education
Khavari holds a PhD in Economics, reflecting his deep understanding of financial matters. His educational background played a crucial role in his successful career as a banker and businessman.
Career and Awards
Mahmoud Reza Khavari is a prominent banker who has held several significant positions throughout his career. His professional journey began when he was hired by Sanat-o-Madan, the Bank of Industry and Mine, as its head of complaints.
He then ascended to the Sepah Bank board during Rafsanjani’s government, eventually becoming the head of Sepah Bank during Khatami’s presidency. His career reached its pinnacle when Ahmadinejad appointed him as chairman of the Board and managing director at Bank Melli Iran in 2010, the largest bank in Iran.
However, Khavari’s career took a dramatic turn in 2011 when he was implicated in the Iranian embezzlement scandal. Following these allegations, he moved to Canada, where he had become a citizen in 2005.
Despite being identified as a fugitive by the judicial authorities of the Islamic Republic of Iran and being listed as wanted by Interpol in October 2016, Canadian authorities refused to extradite him.
In Canada, Khavari continued to be active in the financial sector, particularly in real estate. He became a Toronto property record holder and was once the owner of Soaring Properties, a Toronto-based business.
From 2012 to 2016, Khavari and his sons purchased at least $12.1 million worth of properties under various names and legal entities, and they were responsible for roughly $11 million from 10 different mortgages.
Personal Life
Mahmoud Reza Khavari is currently single and not dating anyone. There is limited information available about his past relationships or any previous engagements.
Social Media Accounts
Unfortunately, there is no information available about Mahmoud Reza Khavari’s social media presence, including his Instagram, Twitter, YouTube, LinkedIn, or Pinterest accounts.
FAQs about Mahmoud Reza Khavari
What happened to the money embezzled by Mahmoud Reza Khavari?
The money embezzled by Khavari has not been fully recovered. It is unclear what happened to the funds after his escape to Canada.
Has Mahmoud Reza Khavari faced any legal consequences for his actions?
As of now, Khavari has not faced any legal consequences for his involvement in the embezzlement scandal. However, legal proceedings are ongoing in Iran to hold him accountable for his actions.
How did Mahmoud Reza Khavari become a Canadian citizen? Khavari became a Canadian citizen in 2005. However, there have been calls for an investigation into how he acquired his Canadian citizenship.
Is Mahmoud Reza Khavari still wanted by Interpol?
As of October 2016, Mahmoud Reza Khavari was wanted by Interpol.However, Canadian authorities have not extradited him despite numerous requests from Iranian police.
What is the potential punishment for Mahmoud Reza Khavari if convicted in Iran?
If convicted by Iran’s judicial system, Khavari could face the death penalty.
Conclusion
Despite his infamous involvement in the Iranian financial scandal, Mahmoud Reza Khavari has accumulated a net worth of $100 million through his business ventures and investments. His actions have attracted significant media attention, making him a controversial figure in the world of banking and finance. Thank you for reading.
Read more: Zaka Ashraf Net Worth
