Official portrait of Mohammad Reza (MR) Pahlavi made not earlier than mid-December 1946 and, I believe, the end of spring 1947.
The badges seen here are:
- Collar and star of the Order of Pahlavi (est. 1932 to replace the Order of Crown of Iran as the highest Iranian (dynastical) Order),
- Order of Zolfaqar (Zolfaghar) IV class, bestowed on MR in December 1946 (founded 1922, approved by Imperial firman (decree) in 1925),
- Third Esfand Decoration (with Faravahar), early version, bestowed on MR, I guess, in February 1946 (est. ca. 1927-28),
- Order of Liaqat (Liaghat) ? class, bestowed on MR in 1938,
- Order of Iftiqar (Eftekhar) probably II class, bestowed on MR, I think, in 1945/46.
Lions the Crownbearers (official badge of Shahanshah since 1943 until 1979) are on MR's shoulder marks (epaulettes) here.