World’s richest terror organisation in history
If you thought Al Qaeda was the strongest force in the terrorist world, think again.
Islamic State (IS, ISIS, ISIL) is the richest terrorist group in the world according to Forbes Israel.
According to the report, Islamic State has an annual income of a staggering $2 billion.
Forbes Israel says terrorist groups often looked to subsidise their operations by engaging in criminal activities such as extortion, drug trafficking and robberies.
Another way of making money is for terrorist groups to raise funds through ‘charity’ donations and sometimes through government agencies.
Just like any successfully-run organisation, Forbes Israel explains that terrorist groups use a business model to operate smoothly, for things such as maintenance, salaries, training and the acquisition of weapons.
It sounds like ISIS has the money to burn with the terror group recently looking for someone to fill an ‘Oil Refinery Manager’ position with them.
According to the International Business Times, the right candidate would receive a salary of $225,000 – provided they were an "ideologically suitable expert to run its stolen oil fields.”
And oil seems to be the reason behind their success story.
ISIS makes big money capturing oil fields and then smuggling the oil to Iraqi traders.
According to the Iraq Oil Report, ISIS makes nearly $1 million each day by selling about 100 truckfuls of oil.
If you thought Al Qaeda was big business, think again – they pale in comparison to ISIS’ whopping income, taking home a mere $400 million annually.
The 10 richest terror organisations, according to Forbes Israel:
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that's a lot of moolah, sure to affect oil prices even if just a bit. Can fund their own airforce soon.