Do you know who is on the list of the top 10 richest men in Pakistan? If no, you’ll be amazed to see the name of Pakistani Billionaire. Here we have written down about the wealthiest Pakistani.
Well, it is undeniable that Pakistan is not an economically very stable country yet. However, there are a lot who work hard to rank our beloved territory.
Below, we have enlisted the top 10 richest Pakistani personalities according to their net wealth.
Top Richest Persons in Pakistan
1. Shahid Khan
The Pakistani-born American Billionaire, Shahid Khan, is on the top of most affluent Pakistanis and ranked 61st in the Forbes Billionaires list while declared the richest Pakistani (2019). He has a total wealth of $8.3 billion.
Some people are born with extraordinary luck and qualities. It is fair to say that Shahid Khan is also from one of them.
He opened his eye in a middle-class family of Lahore in 1950. However, Shahid took off to the United States in 1967 for proceeding with his higher studies. There he began with a part-time dishwashing job on $1 per hour.
The journey of Shahid khan’s success was initiated when he started his own business in 1978. He started up with a truck repairing parts shop and manufacturing one-piece bumpers for pickup trucks.
Later, in 1980, he acquired Flex-N-Gate Corporation; now has 66 plants all around the world. Also, the owner of NFL’s Jacksonville Jaguars and English Premier League team Fulham FC.
2. Anwar Pervez
Anwar Pervez is a Pakistani-born British billionaire. He is a business magnate with a net worth of $4.6 billion.
Anwar started his journey as a call operator and emigrated to England in 1956. There he worked as a bus conductor; after a few years, he opened his first convenience store for Muslims in the UK, which has 10 branches(currently).
Not only this, with huge efforts, Anwar succeed in starting the first wholesale warehouse (Bestway) in Acton, West London, in 1976. Now Bestway is the second-largest wholesaler in the UK.
Also, he has a lifetime membership in the House of Lords and has won numerous UK-based awards.
3. Mian Muhammad Mansha
Muhammad Mansha is the most powerful and influential man in Pakistan. He is CEO of the Lahore-based international conglomerate.
He is the third wealthiest Pakistani with a net wealth of $3.7 billion.
Mansha is the owner of Pakistan’s largest fabric manufacturing mills, the Nishat Textile Mills.
Further, the Nishat Group has owned two thermal power plants near its D. G. Khan Cement Factory to supply a steady power supply.
However, Mansha’s most immense revenue source is his ownership of Muslim Commercial Bank Limited(MCB). MCB is a profitable and trustworthy Pakistani bank.
4. Sadruddin Hashwani
Sadruddin Hashwarni is a tremendous business tycoon of Pakistan with a net wealth of $3.4 billion.
He established the Hassan Ali Company only at the age of 20 with his brother. It was Pakistan’s largest cotton trading company (nationalized in 1973).
After a few years, he established holiday Inn luxury hotels (renamed to Marriott hotels) in Karachi and Islamabad;
Plus, Ocean Pakistan Limited (Oil and Gas exploration and production company) is also a part of the giant Hashoo Group.
5. Asif Ali Zardari
Indeed, almost every Pakistani is familiar with the name Asif Ali Zardari. He was the former President and the co-chairman of the Pakistan Peoples Party (PPP). Also, a member of the National Assembly of Pakistan.
Zardari is included in Pakistan’s famous and affluent people and has a net wealth of $1.8 billion in his accounts.
He belonged to a proprietor family, and his early business was running gambling houses and selling black tickets to cinemas.
He earned all his fame and stature after his marriage with Benazir Bhutto(first female Prime Minister of Pakistan).
Zardari’s income sources are diversified(many are undeclared); though, he has a vast investment in Agriculture and Real Estate businesses.
Moreover, he has multiple reported properties (undeclared) in Uk, Belgium, France, and the USA. Not only this but shares in several sugar mills and foreign companies also has various offshore accounts.
However, the wealth of these reported properties and accounts is not included in his estimated wealth.
6. Malik Riaz Hussain
Malik Riaz is a kind soul real state business tycoon of Pakistan with $1.5 billion in accounts.
He was not from a dominant family; therefore, he had to start a job as a clerk at the Military Engineering Service just after his matric.
In 1995 he got an opportunity to develop his construction company under the banner of Hussain Global. It proved the turning point for Malik’s business career.
Soon he got the contract of gated community Bahria Town. It was the project of Pak Navy’s charitable trust. Later on, Pakistan Navi transferred all the shares of this project to Malik Riaz.
He completed the Bahria Town housing society Rawalpindi with nine progressive phases. Later, he developed Bharia Town housing societies in Lahore, Islamabad, and Karachi.
Bharia Town Karachi is Asia’s largest gated community. However, the Karachi project was not profitable for Malik as the 16,896 acres of soil were occupied illegally. Due to this, he had to pay a penalty amount of Rs.460 billion.
Besides, he had built several hospitals and affordable houses for needy people all around the country.
7. Nawaz Sharif
Mian Mohammad Nawaz Sharif is a well-known Pakistani businessman and politician with a $1.4 billion net wealth. He has been the President of Pakistan for three non-consecutive periods.
According to the Election Commission of Pakistan, Nawaz Sharif includes as the richest man of Pakistan. He originated a significant part of his income through Ittefaq steel mills.
Besides, he has substantial side businesses, mainly agriculture, sugar, and transport, with significant investments.
Moreover, Nawaz Sharif has charges of undeclared offshore accounts and investments. And have many properties in England, UAE, and the United States majority still not declared. Also, he had been in jail due to corruption charges.
8. M. Habibullah Khan
Habibullah Khan also one of the Pakistani billionaires with a net worth of $1.25 billion. He is the Founder and Chairman of Mega Conglomerate-Mega and Forbes Group of Companies.
Habibullah is a man with a business mindset and knows how to succeed in life. He has multiple victorious income sources; Hub Power Company, Pioneer Cement, Habib Dairy Company, and DP Pakistan Terminal are some of them.
Furthermore, the Habib dairy company is the third-largest dairy producer across Pakistan. Besides all these, he actively participates in welfare work. He has donated a building for visiting professors at the Institute of Business Administration in Karachi.
9. Syed Nasir Hussain Schon
Syed Nasir Hussain Schon is the Chief Executive of Schon Group and the Honorary Consul-General of Sierra Leone.
Moreover, he was the first Pakistani who own a Rolls-Royce luxury car.
Schon Properties, founded in 1971; his primary income source. He is the 9th richest man with a net wealth of $1 billion in Pakistan.
10. Rafiq M.Habib
Rafiq M. Habib is one of the moneyed men of Pakistan with $950 million.
The House of Habib is a conglomerate company founded by Habib Esmail. Now it is based in Karachi, the largest city of Pakistan.
There is a long list of projects owned by the House of Habib. Its primary hits include Agriauto Industries, Agriauto Stamping Company, AuVitronics Limited, Thal Limited, Thal Boshoku Pakistan, Metro Cash and Carry Pakistan, Habib Insurance Company, and Habib Metropolitan Bank.
All the mentioned personalities have been declared as the richest people of Pakistan, according to statics.