for purchasing the DePinna building on , New York, at the time in 1975 valued at $14.5 million. Such investment in a foreign market by the Pahlavi foundation gained media attention because in order to do such foreign investment the foundation had to register as an American charitable foundation with the declared aim of using the rental to pay for Iranian students studying in America. The advantage of such charitable status was that the U.S. authorities could not investigate the books of the Pahlavi Foundation in Iran. Mohammad Reza Shah Pahlavi was also known for his interest in cars and had a personal collection of 140 and s including a coupe, one of only six ever made.
for purchasing the DePinna building on , New York, at the time in 1975 valued at $14.5 million. Such investment in a foreign market by the Pahlavi foundation gained media attention because in order to do such foreign investment the foundation had to register as an American charitable foundation with the declared aim of using the rental to pay for Iranian students studying in America. The advantage of such charitable status was that the U.S. authorities could not investigate the books of the Pahlavi Foundation in Iran. Mohammad Reza Shah Pahlavi was also known for his interest in cars and had a personal collection of 140 and s including a coupe, one of only six ever made.
shah_of_iran_1919.docx