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The Hamas leaders and their $2.8 billion fortune

Hamas has been stockpiling more than just weapons - they have amassed a fortune from their luxury hideaways far from the Gaza war zone. See how they’ve done it.

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Hamas is using a $2.8 billion fortune – some of it laundered by real estate agents and Middle East companies – to finance their terror campaign, a former Mossad agent has revealed.

Hundreds of millions of dollars are flowing to the leaders of Hamas through the companies based in Qatar, Turkey, Emirates and Sudan, former security agent Uzi Shaya said.

“Hamas may look like a very small terror organisation but their funding network is widespread,” Mr Shaya told The Sun.

“A significant portion of their budget stays with the heads of Hamas, their terrorists and all their families”.

Senior Hamas leader, Mousa Abu Marzouk.
Senior Hamas leader, Mousa Abu Marzouk.

Additional cash – also stretching into the hundreds of millions – is coming directly from Iran, on top of what Hamas would have collected through taxation, extortion, and border control.

Days after the October 7 attack where Hamas terrorists broke through the security border fence and slaughtered 1400 people, Israeli police revealed they had located and frozen accounts linked to Hamas that sought “to solicit donations on social networks” via Binance, the world’s biggest cryptocurrency exchange.

The Israeli Government accused Mousa Abu Marzouk, a senior Hamas figure, of being worth billions of dollars.

“Hamas spends most of its money on building tunnels and terrorism. The rest lines [Marzouk’s] and his friends’ pockets,” a post on the official government X account said.

“His net worth is 3 BILLION dollars. Wonder why there’s a humanitarian crisis in Gaza?”.

The terror group’s former Chairman Khaled Mashal is believed to be worth an estimated $5 billion with Arab Media listing his extensive portfolio including banks in Egypt and real estate projects in the Arabian Gulf countries, while himself living in Qatar.

And according to the BBC, the current head of the Hamas political bureau Ismail Haniyeh – who is also living in Qatar – is said to be worth $5 million.

The BBC reported Haniyeh used his wealth and connections to acquire a Turkish passport which he has used to amass extensive property portfolio – many of which are in the names of the his 13 children. He is said to have recently bought 27,000 square feet of land along the Gaza beachside for $4 million.

Yahya Sinwar, a key Hamas leader. Picture: AFP
Yahya Sinwar, a key Hamas leader. Picture: AFP

Other Hamas chiefs estimated to be worth millions include Yahya Sinwar, the terrorist groups boss in Gaz, and Mohammed Deif, head of the Izz ad-Din al-Qassam Brigades, with a fortune estimated at $5 million. Both men have been named as the Israel Defense Force’s prized targets.

A US State Department report published last year revealed Hamas terrorists were known to pass cash through the labyrinth of tunnels underneath Gaza and used cryptocurrencies to bypass international sanctions.

Iran’s Foreign Minister Hossein Amir Abdollahian (left) greets Hamas' political bureau chief Ismail Haniyeh in Doha. Picture: AFP
Iran’s Foreign Minister Hossein Amir Abdollahian (left) greets Hamas' political bureau chief Ismail Haniyeh in Doha. Picture: AFP

Analysts with the Association of Certified Financial Crime Specialists – a network of experts investigating financial crime – found terror groups such as Hamas were using donations from expatriates, which were funnelled through crypto currencies.

It found there were noticeable spikes in fundraising following attacks involving Hamas, who often use charities as cover – often asking for donations to help innocent civilians but pocket the funds themselves.

Hamas terror chief Ismail Haniyeh was recently seen celebrating the shock attack that killed 1,400 mainly Israeli civilians and triggered the ongoing war, by smiling and praying in a an airconditioned office with large televisions beaming news of the atrocities unleashed by Hamas.

Originally published as The Hamas leaders and their $2.8 billion fortune

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Original URL: https://www.goldcoastbulletin.com.au/news/world/the-hamas-leaders-and-their-28-billion-fortune/news-story/3e0bbde321305b44d802a5bfa2d466cc