Top 10 Richest Persons in Pakistan, Assets details and source of Income

Shares
Top 10 Richest Persons in Pakistan, Assets details and source of Income

link link: logo] link

- - link -

Despite being economically poor, Pakistan has several billionaires. Over 80 percent of the population is living an average life, while 34% percent of them are still below the poverty line. Though our rich grow rich with every passing day, they do not hold a candle to the world’s richest.

According to the Global Wealth Indexes, the total count of Pakistan’s elite-class wealth (assets minus debt) in 2018 was just 0.1 percent. While India has 16 billionaires in the Forbes 2019 list, only a couple of our fellow countrymen have made it to the list.

Here we have enlisted the top 10 richest people in Pakistan on the basis of their net worth.

Note that the net worth of their wealth mentioned is based on their asset information available publicly. List of Top 10 Richest Men in Pakistan

1. Shahid Khan

Net Worth: $8.3 Billion

Source of income: *Flex-N-Gate link*, Jacksonville Jaguars, Fulham F.C, All Elite Wrestling.

*Shahid Khan link* is a Pakistan-born American businessman with a net worth of $8.3 billion is declared as the richest man in Pakistan 2019. Born in 1950, Khan belonged to a middle-class family from Lahore and traveled to the United States in 1967 for higher studies. There, his first job was washing dishes at a local restaurant that paid just over $1 per hour.

Shahid Khan, the man of a strong will and a charismatic personality, jumped the stairs of success when he started his own business. In 1978, he started making car one-piece bumpers for customized pickup trucks and body shop repairs.

Two years later, in 1980, he bought Flex-N-Gate Corporation, the company he first joined as an engineering director. The company now has 66 plants worldwide and over 24,000 employees.

The owner of NFL’s Jacksonville Jaguars and English Premier League team Fulham F.C is on ranked 61st in Forbes Billionaires 2019 list.

Besides, he and his son Tony Khan have also launched All Elite Wrestling in competition to WWE earlier this year.

2. Anwar Pervez

Net worth: $4.6 billion

Source of income: Bestway Group link, UBL

Sir Anwar Pervez is second in the list of top 10 richest men in Pakistan. Just like many other successful people, his life journey is written with sheer hard work and honesty. He credits his success to “one percent luck, 99 percent diligence, and honesty.”

Born in 1935 in a small town of Punjab, Anwar Pervez belonged to a low-income family. He used to go to the school barefooted. After completing matriculation with a first division, he couldn’t afford further studies and joined a company as a telephone operator. There, his first salary was Rs. 96 per month.

In the 1950s, at the age of 21, he migrated to the United Kingdom and started working as a bus conductor in Bradford. After working as a conductor for five years, he had enough money to bring his other family members to Britain.

A few years later, their combined income was enough to start their own retail store in Earl’s Court, a specialist store that sold masala and halal meat.

In the late 60s, he decided to expand his business, and entered into wholesale business under the banner of Bestway. The company now owns a reported 18 percent market share in the UK’s wholesale sector.

The company also deals in cement, banking, and pharmacy sectors. Besides, he is also a major share-holder in United Bank Limited (UBL). Sir Anwar is the richest Pakistani in the UK, with a net worth of $4.6 billion.

Pervez, 82, is a very eminent personality in the United Kingdom. Knighted by the Queen in 1999, Sir Anwar Pervez is also a lifetime member of the House of Lords.

He has also received several UK-based awards for his support and successful business activities like EMMA Business Personality of the Year, Barclays Business & Commerce Excellence Award, and Grocer Cup for Outstanding Business Achievement, and GG2 Entrepreneur of the Year among others.

3. Sadruddin Hashwani

Net worth: $3.4 billion

Source of income: Marriott Hotel link, Pearl Continental Hotel, Orient Petroleum

Sadruddin Hashwarni, the owner of *Marriott = 12 ? 'pm' : 'am'; h = h % 12; h = h ? h : 12; m = m < 10 ? '0'+m : m; var strTime = h + ':' + m + ':'+ s + ' ' + ampm; m = checkTime(m); s = checkTime(s); $('#time').html(strTime); t = setTimeout(function() { startTime(); }, 500); } startTime();