Age, Biography and Wiki

Babak Zanjani was born on 12 March, 1974 in Tehran, Iran, is an Iranian businessman. Discover Babak Zanjani's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 50 years old?

Popular As Babak Zanjani
Occupation Businessman
Age 50 years old
Zodiac Sign Pisces
Born 12 March, 1974
Birthday 12 March
Birthplace Tehran, Iran
Nationality Iran

We recommend you to check the complete list of Famous People born on 12 March. He is a member of famous Businessman with the age 50 years old group.

Babak Zanjani Height, Weight & Measurements

At 50 years old, Babak Zanjani height not available right now. We will update Babak Zanjani's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Family
Parents Not Available
Wife Not Available
Sibling Not Available
Children Not Available

Babak Zanjani Net Worth

His net worth has been growing significantly in 2023-2024. So, how much is Babak Zanjani worth at the age of 50 years old? Babak Zanjani’s income source is mostly from being a successful Businessman. He is from Iran. We have estimated Babak Zanjani's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

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Timeline

1974

Babak Zanjani (, born 12 March 1974) is an Iranian billionaire and business magnate.

He was the managing director of the UAE-based Sorinet Group, one of Iran's largest business conglomerates.

2012

Zanjani was named in the restrictive measures against Iran in December 2012 by the EU council on the grounds of "assisting designated entities to violate the provisions of the EU regulation on Iran and is providing financial support to the government of Iran".

Zanjani was claimed to be "a key facilitator for Iranian oil deals and transferring oil-related money".

He denied the accusation, declining any ties with the Iranian government and calling the Europeans' decision "a mistake".

The EU sanctions against Iran describe Zanjani as "a key facilitator for Iranian oil deals" and transferring oil-related money and accused the Malaysia-based First Islamic Bank of being used to channel Iranian oil-related payments.

Zanjani said the complex nature of his companies' large sums of transactions might have misled EU authorities.

Zanjani's companies were involved in the Labuan—Iran oil smuggling on the eastern coast of Malaysia.

Labuan had been serving as a drop-off spot for Iranian crude.

2013

In late 2013, he was arrested and accused of withholding $2.7 billion of government money owned by the Ministry of Petroleum, while facilitating Iran's oil revenue, which was hindered by the sanctions against Iran.

Zanjani was convicted of corruption and sentenced to death.

In 2021, while awaiting execution, the Supreme Court of Iran indicated that the sentence would be commuted when his debts to the Iranian government were paid, and stayed his sentence, pending return of the embezzled funds.

Several commentators have stated that Zanjani is perhaps a "fall guy" for corruption scandals in Iran.

Sorinet Group is an Iranian business conglomerate.

The company is one of Iran's largest business conglomerates.

Sorinet businesses include cosmetics, finance and banking, hospitality, commercial aviation, infrastructure, building material, information technology and international real estate development.

It operates in Iran, United Arab Emirates, Turkey, Tajikistan, Malaysia, China.

He also owned Qeshm Airlines and Rah Ahan Sorinet F.C. in Iran.

In 2013, Zanjani stated that his net worth was $13.5 billion.

In January 2013, an Iranian news website, Baztab, reported that Zanjani holds a Danish passport in addition to his Iranian one, a claim which Zanjani later denied.

He called the passport's copy "fake", saying in an interview with the news website of Rahahan F.C., his football team: "This story [the copy of my passport] is too badly fabricated that they even put my picture on the passport without a tie. However, it is obligatory to tie a necktie to take pictures for European passports," which is untrue.

On 30 December 2013, Zanjani was arrested by Iranian police for his alleged role in the "gold for gas" sale of Iranian oil that avoided international sanctions in schemes Turkey and Malaysia.

He was accused of embezzling more than €2.7 billion, involving, among others, the National Bank of Tajikistan.

Some days later, a spokesman from the National Bank of Tajikistan denied any cooperation between Zanjani and the bank and claimed all documents presented by Zanjani about their two-way communications were fake.

He was tried in an Islamic Revolutionary Court.

2016

On 6 March 2016, he was convicted and sentenced to death for embezzlement and "spreading corruption on earth".

In December 2016, the Supreme Court of Iran confirmed the sentence.

However, his sentence has been stayed pending his return of the embezzled money, after which he may receive a pardon.

Iran's Supreme Court indicated that his sentence would be commuted when his debts to the Iranian government were paid.