India, March 9 -- Iranian state television declared early on Monday that Mojtaba Khamenei, the late supreme leader Ali Khamenei's son, will succeed him as the new Ayatollah.

His much-anticipated appointment as Supreme Leader of Iran has brought attention to his wealth and a global financial network, as multiple reports suggest that the cleric may control assets worth billions of dollars.

Mojtaba's real net worth is unknown. However, reports suggest he runs a massive investment empire. According to a Bloomberg report, his financial interests might have Swiss bank accounts as well as a British luxury house valued at more than $138 million.

A detailed Bloomberg report stated that a web of companies and financial intermediaries has channel...