Hamas leaders amass billions from foreign donors and smuggled goods taxes.
OAN’s Brooke Mallory
5:58 PM – Tuesday, November 7, 2023
Hamas: The Second-Richest Terrorist Group in the World
Hamas, known for its terrorist activities, has gained immense wealth, making it the second-richest terrorist group globally, just behind the Islamic State. This is primarily due to taxes on smuggled items and contributions from foreign supporters.
A Divide Between Hamas Leaders and the Palestinian People
Israel’s Embassy in the United States recently shared a social media post that sheds light on the stark contrast between Hamas leaders and the Palestinian people they claim to represent. The post reveals that Hamas has an annual turnover of $1 billion, second only to the Islamic State. Shockingly, this massive wealth is accumulated while essential infrastructure like water treatment and wells are neglected, resulting in tainted water and a significant number of pediatric fatalities in Gaza.
The Extravagant Lifestyle of Hamas Officials
The post also exposes the estimated net worth of Hamas officials, who reside in Qatar, far away from Gaza. Senior leaders Ismail Haniyeh and Khaled Mashal are both estimated to be worth $4 billion, while Abu Marzuk, the deputy chair of the Hamas Political Bureau, is worth $3 billion.
Further Revelations of Wealth
According to i24news, Khaled Mashal’s wealth is estimated to be around $5 billion, with investments in real estate developments and banks. It is evident that numerous Hamas officials have amassed significant fortunes through levies on contraband and support from foreign sources.
Exploitation of Assets and Neglect of the Palestinian People
Aside from personal profit, Hamas assets are frequently used to pay terrorists and their families. These payments range from $400 to $3,400 per month, while 60% of Palestinians live below the international poverty level, earning less than $60 a month.
Efforts to Seize Hamas’s Assets
Although countries and organizations are working to seize Hamas’s assets, enforcement can be challenging. The U.S. Justice Department has been investigating Hamas’s use of cryptocurrencies after seizing many bitcoin accounts associated with the group. While Hamas declared it would stop accepting bitcoin donations, Israel recently discovered and froze several accounts, indicating that some still exist.
Imposing Sanctions and Coordinating with Allies
“The United States is taking swift and decisive action to target Hamas’s financiers and facilitators following its brutal and unconscionable massacre of Israeli civilians, including children,” said Secretary of the Treasury Janet L. Yellen. “The U.S. Treasury has a long history of effectively disrupting terror finance, and we will not hesitate to use our tools against Hamas. We will continue to take all steps necessary to deny Hamas terrorists the ability to raise and use funds to carry out atrocities and terrorize the people of Israel. That includes by imposing sanctions and co-ordinating with allies and partners to track, freeze, and seize any Hamas-related assets in their jurisdictions.”
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How does Hamas allocate its wealth, and what impact does it have on the Palestinian people it claims to represent
Hamas: The Second-Richest Terrorist Group in the World
Hamas, a Palestinian political and military organization known for its terrorist activities, has gained immense wealth, making it the second-richest terrorist group globally, just behind the Islamic State. This is primarily due to taxes on smuggled items and contributions from foreign supporters.
Israel’s Embassy in the United States recently shared a social media post that highlights the stark contrast between Hamas leaders and the Palestinian people they claim to represent. The post reveals that Hamas has an annual turnover of $1 billion, second only to the Islamic State. Shockingly, this massive wealth is accumulated while essential infrastructure like water treatment and wells are neglected, resulting in tainted water and a significant number of pediatric fatalities in Gaza.
The post also exposes the estimated net worth of Hamas officials, who reside in Qatar, far away from Gaza. Senior leaders Ismail Haniyeh and Khaled Mashal are both estimated to be worth $4 billion, while Abu Marzuk, the deputy chair of the Hamas Political Bureau, is worth $3 billion.
According to i24news, Khaled Mashal’s wealth is estimated to be around $5 billion, with investments in real estate developments and banks. It is evident that numerous Hamas officials have amassed significant fortunes through levies on contraband and support from foreign sources.
Aside from personal profit, Hamas assets are frequently used to pay terrorists and their families. These payments range from $400 to $3,400 per month, while
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