ISIS WAS/IS WORTH $2 BILLION.
https:// www.ctvnews.ca/world/how-isis-became-the-richest-terrorist-group-in-the-world-1.1872634
The International Business Times says ISIS is now worth $2 billion, making it wealthier than small countries such as Tonga, Kiribati, the Marshall Islands or the Falkland Islands.
But how did the year-old al Qaeda offshoot become wealthier than the organization that spawned it?
Half-a-billion-dollar bank heist
ISIS received a huge injection of cash when it captured the northern Iraqi city of Mosul, reports say. During the invasion, ISIS reportedly secured more than $466 million and a large quantity of gold bullion when it broke into Mosul’s central bank.
Wealth fuels online presence
ISIS has also used its wealth to develop an Internet presence. The organization posts brutal execution videos and photos to its website, maintains a presence on social media and uses a downloadable smartphone app to keep sympathizers informed.
Money, weapons, land, soldiers
ISIS formed in April 2013 when al Qaeda in Iraq (AQI) merged with an affiliate organization in Syria. Led by Abu Bakr Al-Baghdadi, an Islamic cleric once detained during the U.S. operation in Iraq, ISIS has spread rapidly across both sides of the Syrian-Iraqi border, and seeks to establish an Islamic state.