There are different entrepreneurs and businessmen in Pakistan which has played an important role in its economic development with their tributes, skills and experience. Pakistan is not considered to be one of the richest countries as it is getting targeted by terrorism and is not witnessing consistent development. Despite the fact that Pakistan is one of the poorest countries, it still has some of the richest personalities in the country.
Let’s have a look at the list of top 10 richest people in Pakistan by net worth.
10. Rafiq Habib ($900 Million)
Rafiq Habib belongs to Karachi. His major source of income is the House of Habib. He is the owner of Habib Bank A.G Zurich, Bank Al-Habib, Indus Motors etc. He has its prominent presence in Banking, Retail, Automobiles and Construction industries. The most successful and popular subsidiary of Habib Group is Banking and Finance. House of Habib has several distinctions in the history of Pakistan.
9. Chaudhry Family ($910 Million)
It belongs to Bahawalpur. They have the group under Chaudhry Group of Industries and they are industrialist. The group includes textiles, Sugar Mill, Steel Industries, Chemical Industries, Nestle Plants, and Automobile and Car Wash Manufacturing plants.
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8. Nasir Schon ($1 Billion)
Born on November 28, 1957, Nasir Schon is a leading entrepreneur in Pakistan and Schon Properties CEO. He is also the Sierra Leone’s Honorary Consul-General in Karachi and his son is indulged in projects in Saudi Arabia. He has prominent position in Fertilizer and Real Estate industries.
7. Malik Riaz Hussain ($1.1 Billion)
Born on February 8, 1954, Malik Riaz Hussain is a philanthropist and real estate tycoon in Pakistan. He is the chairman and founder of Bahria Town Group. He ranks 7th among the wealthiest Pakistani people with estimated net worth of US $1.1 billion. He is an Islamabad-born business tycoon whose wealthy family went bankrupt in his adolescence. He started up as a clerk in a construction company located in Rawalpindi. In 1980s, he became a contractor and contracted for the construction of a gated community to settle Pakistan Navy in 1995. Eventually the contract was terminated but he went on to construct Bahria Town Rawalpindi.
6. Saddaruddin Hashwani ($1.1 Billion)
He is a Karachi-born business magnate who is the chairman and founder of Pearl-Continental Hotel and Hashoo Group. He was born into a Shia Islamili family in British India and graduated at University of Karachi and founded Hassan Ali Company in 1960 with his brother. It became the largest cotton trading giant in Pakistan by 1970s. In 1973, the company was nationalized. He founded Holiday Inn hotel in 1978 in Islamabad and in Karachi by 1981. Both hotels became Marriott brand by 1990s.
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5. Nawaz Sharif ($1.4 Billion)
Mian Muhammad Nawaz Sharif was born on November 25, 1949. He is the current and 20th Prime Minister of Pakistan, since June 2013. He is a veteran industrialist and politician who also served Pakistan from February 1997 to October 1999 and from November 1990 to July 1993. He is Pakistan Muslim League’s president. He was born in a wealthy family in Lahore and the son of Muhammad Sharif, founder of Ittefaq Group and brother of Shehbaz Sharif, who was elected as Chief Minister of Punjab for three times. He graduated at Govt. College in business and law at University of Punjab before making entry to politics in 1970s.
In 1981, he was appointed as the Minister of Finance by the military government for Punjab province. In 1985, he was elected as Chief Minister of Punjab and re-elected in 1988 after martial law ended. He led conservative alliance to victory in 1990 and he became the Prime Minister.
4. Sir Anwar Pervez OBE ($1.67 Billion)
Sir Mohammed Anwar Pervez OBE, HI was born on March 1935. He is a British business born in Pakistan. He is the chairman and founder of Bestway. When he was 21, he moved to the UK. He founded the first convenience store of his family in 1963 in Earls Court, London. By early 1970s, he renamed his company to Bestway and operating 10 stores across West London. He opened first wholesale warehouse in Bestway in 1976in Acton, West London. Since the company has emerged to a multibillionaire company. Bestway is currently second largest individual wholesaler in UK.
3. Asif Ali Zardari ($1.8 Billion)
Born on July 26, 1955, Asif Ali Zardari is a co-chairperson and politician of Pakistan People’s Party. From 2008 to 2013, he served as 11th President of Pakistan. Zardari is a landowner in Sindh who became prominent when he married to Benazir Bhutto in the year 1987 and became First Gentleman when his wife was elected as Pakistan’s Prime Minister in the year 1988. When President Ghulam Ishaq Khan dismissed the Bhutto’s government in the year 1990, Zardari was criticized for corruption scandals widely and it led to his collapse. In 1993, Bhutto was reelected and Zardari served as Chairperson in Pakistan Environmental Protection Council and Federal Investment Minister in her second administration.
After increasing stress between Zardari and Murtaza (Bhutto’s brother), Murtaza was killed in Karachi in a police encounter on September 20, 1996. The government of Bhutto was dismissed by President Farooq Leghari a month later, when Zardari was indicted and arrested for killing Murtaza along with corruption charges.
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2. Mian Muhammad Mansha ($2.6 Billion)
He is a leading entrepreneur and industrialist of Pakistan with leading setups in Pakistan. With enjoying success for decades, he is one of the highest tax payers in Pakistan. He has paid total of PKR 100 billion as tax by 2015. It was a record breaking achievement for him. He is the CEO and chairman of Nishat Group. He is probably the only Pakistani elected for special lunch with the Financial Times UK. He was Forbes’ 937 Richest Person in the World 2010. His company was benefited greatly due to the privatization in the 1990s. He made a lot of buy-outs and acquisitions during this period.
1. Shahid Khan ($7.2 Billion)
Also known as Shad Khan, Shahid Khan is a Pakistani-American business tycoon and billionaire. He owns NFL’s Jacksonville Jaguars, Fulham F.C. (English Football League Championship), and Flex-N-Gate (auto parts maker) in Urbana, Illinois. He was featured on Forbes’ front cover in 2012, associated as the American Dream face. His net worth is around $6.9 billion, as of September 2016. In Forbes 400 Richest Americans list, he was ranked 84th and 360th wealthiest person overall in the world. He is also the richest Pakistani person. He worked at Flex-n-Gate, an automobile company when he was attending University of Illinois. He was appointed as engineering director of the company after graduation.