If you want to experience two different environments in economic growth where one part is filled with a lavish lifestyle and the other part is living an unprivileged lifestyle, you should visit Pakistan.
“Richer is getting richer and poor is getting poorer” is a phrase that defines the perfect image of Pakistan. Since almost 40% of Pakistan’s population is living under poverty and 22% of that population is living below the poverty line, according to the World Bank, a 5% increase has been seen in poverty in Pakistan in 2020.
Despite the low rate of rich people in Pakistan and Pakistan coming among the developing countries of the world where 27.6% of the total population is of rich people, you may think that they won’t be that rich living in an economically deprived country.
However, you’re mistaken and might be shocked to know that there are billionaires in the country and no 2 or 3 a lot. In this, we will talk about the top 10 billionaires of Pakistan.
Shahid Khan,the top billionaire of Pakistan, was born in Lahore, Pakistan, and went to the US for studying and study engineering at the University of Illinois, Urbana-Champaign.
He was a middle-class boy who started working at FLEX-N-GATE when he was in High School and later started his own company, which manufactures car bumpers named Bumper Works.
Later, he bought the company he worked in, FLEX-N-GATE. Well ahead, he got interested in sports and bought to sports team NFL’s Jacksonville Jaguars for 750 million dollars and soccer team Fulham Football club for 300 million dollars.
Currently, his net worth is 9 billion dollars making him the no. 1 billionaire of Pakistan.
Anwar Pervez comes in second place among the billionaires of Pakistan. He was born in Gujar khan, Pakistan, and is a Pakistani Britain who left Pakistan at the age of 21 and went to the UK there for five years. He worked as a bus conductor.
Later he saved some money and started a business retail shop at Earl’s Court London. Then he expanded his retail shop business and opened more branches in west London, known as Bestway’s.
He opened 11 stores, and later he became the wholesaler for them to which led him to unlock cash and carry warehouse in Acton London, which eventually allowed him to become a wholesaler from the retailer and also he bought his rivals Batley’s for 100 million dollars making him the UK’s biggest seller.
He now has a net worth of 4.4 billion dollars, making him the 2nd billionaire of Pakistan.
Mian Muhammad Mansha
Mian Muhammad Mansha was born in 1947 after partition. His uncles and father started doing textile business after separation from Nishat Mills. Mansha went to the UK for studies, and later, he joined his family business.
Mansha did not only stick to the family business. He explored other industries, too, like cement, power projects, and insurance. He is currently on board of 46 companies in Pakistan, and his Nishat Mills is the exporter of cotton clothes internationally. He is the CEO of MCB bank Pakistan. These two businesses generate him 100 million dollars.
Which makes Mansha the wealthiest and most influential person of Pakistan with a net worth of 3.7 billion dollars.
A young boy who started his career as a sales agent in his brother in Law business, after the betrayal from his brother in law he began to build himself up by initially working in Steel Corporations of Pakistan.
Later started selling cotton and became the no.1 cotton exporter of Pakistan. The company at that time was known as Hassan Ali Company. It was named Hashoo Groups when his company started building hotels in cities like Islamabad and Karachi. Then Hashwani’s business mindset changed those hotels in Marriott level hotels. Afterward, he bought four more hotels which were now nationally known as Pearl Continental Hotels.
His company is exploring more fields, especially IT, and the business is growing. His net worth is around 3.4 billion dollars placing him among the 4th richest person in Pakistan.
Asif Ali Zardari
Asif Ali Zardari was born in 1955 in Karachi to a Baloch originated Sindhi speaking Zardari tribe and the only son of Hakim Ali Zardari. Zardari’s father was the chief of the tribe and owned many lands, so Zardari, from birth, is from a wealthy background.
Later he married Benazir. He was not interested in his clan and started taking an interest in politics when Benazir was elected as the prime minister of Pakistan. They were alleged with some corruption cases, but after Bhutto’s party PPP gained power again, he served as minister of environment and investment.
And also got elected as a senate member after Benazir died. He appointed his son as the party chairman and became the co-chairman. Afterward, he became the president of Pakistan in 2008-2013.
Now he served as the opposition leader and played a vital role for the PPP. All these political backgrounds have earned him great money, which has made him the 5th billionaire of Pakistan with a net worth of 1.8 billion dollars.
Malik Riaz was born in Sialkot, Pakistan, in1954. His childhood was filled with struggles. His father was a contractor who suffered many losses, so Malik started working as a painter after matric. Later as a low-level contractor, he struggled a lot for over a decade. His first wife also died due to health issues.
He started working on big projects and got assigned a task for the Pakistan navy named Bahria town. First, he opened the community in Rawalpindi after moving it to other big cities like Islamabad and Karachi Lahore.
He owns Bahria town, which is the largest real estate. In 2017, his wealth was around 1.1 billion dollars. Now he is placed on no. 6th among the richest people of Pakistan with a net worth of 1.5 billion dollars.
Nawaz Sharif was born into a wealthy family. His father started an industrial business named Ittefaq groups, which works in the steel, sugar, and textile industries. He is a businessman and a politician.
He first joined the business, and he was also interested in cricket and was a cricketer, but he didn’t play nationally. Later he entered politics became the finance minister and chief minister for his party PML-N. After that, he was elected as prime minister.
He won three elections, became prime minister of Pakistan three times, and ruled the country for 15 years. Being an industrialist and politician earned him a great fortune, making him the 7th billionaire of Pakistan with a net worth of 1.4 billion dollars.
A billionaire who is not that prominent and rarely is seen, but he is one of the most powerful and influential people who own many industries and businesses all across Pakistan.
He is the founder of Mega and Forbes group of companies. This company is a giant that holds several industries like cement, diary, and shipping and holds the country’s third-largest container terminal.
His company is not stopping here; several hotels are being made in Karachi under his company. He is a landowner, eventually earning him the billionaire who has a net worth of 1.25 billion dollars and comes in the 8th paces of wealthiest people.
Syed Nasir Hussein Schon
Nasir Schon is the CEO of the Schon group and honorary consul general of Sierra Leone in Karachi. Schon groups boomed when they owned Schon fibers, Pak-china fertilizers, Schon Bank, and National threads.
Schon settled in UAE, where he got the chance to expand his business there, where he ventured in the field of natural state firstly, did leasing and management and after getting a hold of it later decided to build real estate development, and started a project named “Dubai Lagoon.”
Being in so many fields and markets of Pakistan and Dubai made him a great businessman, which let him build an empire of billion dollars. As of today, his net worth is 1 billion dollars.
He is a Ukraine-based Pakistani who studied in Ukraine, came to Pakistan, joined the Pakistan steels, later moved to Moscow, partnered with a Thai Steelmaker, and ran a company named Metal Russia, a trading company. He bought many steel plants and bought Donkset Steel mill, which he later sold for 1 billion dollars.
He also bought Ukraine’s newspaper called Kyiv post and later sold that too. He is the owner of the ISTIL group and co-founder of Ukrainian music awards. His net worth is 1 billion dollars ranking him at the 10th place of billionaires of Pakistan.
Here is the conclusion of the ten richest people of Pakistan. Some did quite a lot of struggles in their early days. Some were born with the silver spoon .nonetheless, they hold quite a lot of financial status, making them at the top.
However, Pakistan itself is declining in terms of financial status, and the rise of poverty can’t be overlooked. There is a massive gap in the financial position of people living in Pakistan. As for these people holding status could put more effort into making the economy of Pakistan great.