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In the 90s Asgaroladi pulled off the greatest deal for his fortune. At that time, the government limited official exchange rates for the USD. Since his brother was a commerce minister, Asadollah managed to use his connections in his favor. He purchased huge quantities of US dollars at a lower rate and exchanged at a market value price. Consequently, the deal generated over 300% of the profit.
Asadollah Asgaroladi contributed a lot of effort in establishing economic and political stability in Iran. He partnered up with US-Israeli billionaire Marc Rich in order to avoid the US sanctions against Iran after the revolution. Furthermore, he owned a majority stake in Chinese retail banks and advocated the establishment of the Iran-China bank. Asadollah Asgaroladi's net worth was around 9 billion US dollars before he died of a stroke in September 2019.
The Richest People in Iran After the Revolution.
In the 90s Asgaroladi pulled off the greatest deal for his fortune. At that time, the government limited official exchange rates for the USD. Since his brother was a commerce minister, Asadollah managed to use his connections in his favor. He purchased huge quantities of US dollars at a lower rate and exchanged at a market value price. Consequently, the deal generated over 300% of the profit.
Asadollah Asgaroladi contributed a lot of effort in establishing economic and political stability in Iran. He partnered up with US-Israeli billionaire Marc Rich in order to avoid the US sanctions against Iran after the revolution. Furthermore, he owned a majority stake in Chinese retail banks and advocated the establishment of the Iran-China bank. Asadollah Asgaroladi's net worth was around 9 billion US dollars before he died of a stroke in September 2019.