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Despite being economically poor, Pakistan has several billionaires. Over 80percent of the population is living an average life, while 34% percent ofthem are still below the poverty line. Though our rich grow rich with everypassing day, they do not hold a candle to the world’s richest.
According to the Global Wealth Indexes, the total count of Pakistan’selite-class wealth (assets minus debt) in 2018 was just 0.1 percent. WhileIndia has 16 billionaires in the Forbes 2019 list, only a couple of ourfellow countrymen have made it to the list.
Here we have enlisted the top 10 richest people in Pakistan on the basis oftheir net worth.
Note that the net worth of their wealth mentioned is based on their assetinformation 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 Khanlink*isa Pakistan-born American businessman with a net worth of $8.3 billion isdeclared as the richest man in Pakistan 2019. Born in 1950, Khan belongedto a middle-class family from Lahore and traveled to the United States in1967 for higher studies. There, his first job was washing dishes at a localrestaurant that paid just over $1 per hour.
Shahid Khan, the man of a strong will and a charismatic personality, jumpedthe stairs of success when he started his own business. In 1978, he startedmaking car one-piece bumpers for customized pickup trucks and body shoprepairs.
Two years later, in 1980, he bought Flex-N-Gate Corporation, the company hefirst joined as an engineering director. The company now has 66 plantsworldwide and over 24,000 employees.
The owner of NFL’s Jacksonville Jaguars and English Premier League teamFulham F.C is on ranked 61st in Forbes Billionaires 2019 list.
Besides, he and his son Tony Khan have also launched All Elite Wrestling incompetition 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 withsheer 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 alow-income family. He used to go to the school barefooted. After completingmatriculation with a first division, he couldn’t afford further studies andjoined 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 andstarted working as a bus conductor in Bradford. After working as aconductor for five years, he had enough money to bring his other familymembers to Britain.
A few years later, their combined income was enough to start their ownretail store in Earl’s Court, a specialist store that sold masala and halalmeat.
In the late 60s, he decided to expand his business, and entered intowholesale business under the banner of Bestway. The company now owns areported 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 isthe richest Pakistani in the UK, with a net worth of $4.6 billion.
Pervez, 82, is a very eminent personality in the United Kingdom. Knightedby the Queen in 1999, Sir Anwar Pervez is also a lifetime member of theHouse of Lords.
He has also received several UK-based awards for his support and successfulbusiness activities like EMMA Business Personality of the Year, BarclaysBusiness & Commerce Excellence Award, and Grocer Cup for OutstandingBusiness Achievement, and GG2 Entrepreneur of the Year among others.
3. Sadruddin Hashwani
Net worth: $3.4 billion
Source of income: Marriott Hotellink,Pearl Continental Hotel, Orient Petroleum
Sadruddin Hashwarni, the owner of *MarriottlinkPearl Continental Hotels across the country, ranks third in the list of top10 wealthiest men in Pakistan with a net worth of $3.4 billion.
Born on 19 February 1940 to a Khoja family in India, Hashwani was always abusiness-oriented person. At the age of just 20, he founded the Hassan AliCompany along with his brother. Before being nationalized in 1973, it wasPakistan’s largest cotton trading company.
He then launched Holiday Inn hotels in Karachi and Islamabad. Both of thehotels were renamed Marriott hotels in the 1990s.
The chairman of Hashoo Group has invested in a lot of successfulbusinesses. He has stakes in almost every running industry in Pakistan,such as travel, tourism, real estate, pharmaceuticals, InformationTechnology, oil industry, and gas. The Hashoo Group also owns OceanPakistan Limited, a prestigious Oil and Gas exploration and productioncompany.
4. Mian Mansha
[image: Mian Muhammad Mansha – List of Top 10 Richest Businessmen OfPakistan in 2018]
Net worth: $2.7 billion
Source of income: Nishat Group, MCB link, AdamjeeGroup, Nishat Chunian Group, DG Khan Cement
Mian Muhammad Mansha – an industrialist and entrepreneur – is a Pakistanibusiness magnate and a billionaire with a net worth of $2.7 billion, as ofJuly 2019. Some sources, however, guestimate his net worth at 5 billion USdollars.
Born in 1947, he belonged to a well-off family who migrated to Bengal inthe 1930s. Mansha family, however, settled back in Punjab after patrician,where they started a cotton ginning business, which later became the NishatTextile Mills – now Pakistan’s largest fabric manufacturing mill.
He is the owner of the Muslim Commercial Bank (MCB), which is among thecountry’s most profitable private banks. Besides, he is the founder and theChief Executive of the Lahore-based international conglomerate NishatGroup. The Nishat Group has also partnered with Hyundai Japan to assemblethe Japanese vehicles in Pakistan.
Moreover, Mian Mansha also owns Adamjee Group, Nishat Chunian Power &Nishat Group, DG Khan Cements, and has shares in the transport industry. Hehas also expended his presence in the big-budget infrastructure projects inPakistan, including seaports and energy production.
He made it to the list of *Forbes’ billionaire list in 2010link*andalso received Sitara-e-Imtiaz in 2004. Mansha family remains among thehighest taxpayers of the country.
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5. Asif Ali Zardari
Net Worth: $1.8 billion
Source of income: Diversified, Agriculture, and Real Estate,
Asif Ali Zardari – the former President and the co-chairman of PakistanPeoples Party (PPP) – is said to be the 5th richest man in Pakistan with anet worth of $1.8 billion. However, the estimate does not include hisreported states in Surrey, West End of London, Normandy, Manhattan (acondominium in Belaire Apartments), and Dubai, as well as a 16th-centurychateau in Normandy.
Unknown to the world until the 1980s, Zardari allegedly used to blackcinema tickets and run gambling houses. He shot to fame after marryingBenazir Bhutto in 1987, who later became Pakistan’s first female PrimeMinister a year later. During her three terms as the premier, Zardari wasknown as Mr. 10 Percent in the government corridors for his ‘brokerageservices’ to anyone against a fixed 10 percent of the deal. He amassed mostof his wealth during Benazir Bhutto’s government.
He has previously been to jail twice on corruption and murder charges, andis currently named as a man accused in a multibillion *fake accountsscandallink*.
After the assassination of Benazir in 2007, PPP swept a majority of theseats in the 2008 elections, and Zardari became the President of Pakistan.He served on the post till 2013.
Along with his political career, he also has investments in agriculture,beverages, and the real estate sector for which he has been included in thelist of top richest people with a net worth of $1.8 billion.
6. Malik Riaz
Net worth: $1.5 billion
Source of Income: Bahria Town link
Malik Riaz Hussain, who often goes with the name Malik Riaz, is thecountry’s leading real estate tycoon and one of the wealthiest businessmenof Pakistan.
Born to an unsuccessful construction contractor, Riaz couldn’t finish hisstudies due to ups and downs in his fathers’ business affairs. Aftermatric, he started working as a clerk with the Military EngineeringService. There, he established his contacts and learned to work the system.
Later in 1995, he established a construction company under the banner ofHussain Global. Soon, with the help of his contacts, Malik Riaz signed anagreement with Pakistan Navy’s charitable trust known as Bahria Foundationto develop a gated community called Bahria Town. In the 2000s, the PakistanNavy transferred the entire shareholding to Malik Riaz.
That was when he started expanding the housing scheme. So far, he hasestablished nine phases of Bahria Town Rawalpindi. Besides, he hasdeveloped a gated community in Lahore and is close to finishing Bahria TownKarachi, Asia’s largest gated community. The project eventually lent him inhot waters as 16,896 acres of land for this project were acquiredillegally. The case remained in the Supreme Court until March this year,which he settled by paying a *compensation of Rs. 460 billionlink*withthe top court.
He is also a well-known figure in the country thanks to his philanthropywork. He has built several hospitals and houses for the deprived people ofthe country.
As of 2019, Bahria Group has 60,000 employees, making it one of the largestprivate-sector employers in Pakistan. With a net worth of $1.5 billion,Malik Riaz is 6th in the list of Pakistan’s richest men.
7. Nawaz Sharif & Family
Net worth: $1.4 billion
Source of Income: Sharif Group, *Ittefaq Grouplink*, Real Estate
Mian Mohammad Nawaz Sharif – the three-time Prime Minister of Pakistan – isone of the richest men in the country. The veteran politician and owner ofIttefaq, the leading steel producer in Pakistan, also holds investments inagriculture, sugar, and transport. His net worth is up to $1.4 billion. Theestimation does not include the undeclared properties, especially the onesin England, UAE, and the United States.
Born on 25 December 1949, Nawaz Sharif is the eldest son of Mian MohammadSharif, and is believed to have acquired much of his assets and the wealthduring his government terms. An exact estimation of his hidden assetsacross the world has not been established so far.
On the political front, he is one of the most accomplished politicians inPakistan’s history. Starting his career as the Finance Minister of Punjabduring Zia’s regime, he served as the Chief Minister of Punjab for twoterms before taking oath as the country’s 12th Prime Minister in 1990.
Since then, he has seen various crises in his political and business careerbut always overcomes the hardships. The Supreme Court convicted him in 2017in *Panama Scandallink*,which revealed his multibillion offshore investments in UAE, England, andother countries. The three-time Prime Minister and his daughter MaryamNawaz are now facing jail for alleged corruption charges.
8. Nasir Schon
Net worth: $1 billion
Source of Income: Schon Properties
Nasir Schon is the owner and co-founder of Schon Properties, along with hisbrother Tahir Schon. The company, established in 1971, was a huge successwhen it launched its real estate projects in the UAE.
So far, the company has delivered 1.6 million square feet in Dubai. Thecompany has received many awards for its work, including CNBC ArabianProperty Award and Bestway Office Development Award. With a net worth of alittle over $1 billion, Nasir Schon remains the 8th wealthiest man inPakistan.
9. Rafique M. Habib
Net worth: $0.95 billion
Source of Income: Habib Bank Limited, Habib Metro, Habib University, IndusMotors Company
Rafique M. Habib of the House of Habib is one of the most prominent namesin the country’s business sector. The House of Habib, which has a historyolder than Pakistan, now holds numerous subsidiaries including, Habib BankLimited, Habib Metro, Habib Public School, and University, Indus MotorsCompany, Habib Insurance Company, and many more.
With a net worth of $0.95 billion, Rafique M. Habib is the 9th wealthiestman of Pakistan.
10. Tariq Saigol
Net worth: $0.9 billion
Source of income: Kohinoor-Maple group, Saigol motors, and Sajeel motors,Kohinoor textile mills & power company
Tariq Saigol – the owner of Kohinoor-Maple group, Saigol motors, and Sajeelmotors – is 10th on the list of Pakistan’s richest businessmen with a networth of $0.9 billion. He has also heavily invested in Kohinoor textilemills, Pak electron, and Kohinoor Power Company.
