In 2010, Mian Muhammad Mansha became Pakistan’s first official billionaire when he made Forbes’ “The World’s Billionaires” with a net worth of exactly $1 billion. Since then, the ranks of billionaires in the country have swelled. It may still have some way to go before it catches up with neighboring India (which now has the third-highest number of billionaires in the world), but there’s no doubt that Pakistan’s rich are getting richer by the day. To find out which of its citizens rank as the very wealthiest, take a look at our round-up of the 10 richest people in Pakistan.
10. Tariq Saigol – Net Worth: $850 Million
First up is Tariq Saigol, a business tycoon who heads up 12 major companies operated by the family-owned conglomerate company, Saigol Group (or Kohinoor group, as it’s sometimes referred to). According to marketscreener.com, Saigol currently holds the position of Chairman for Kohinoor Textile Mills Ltd., Chairman for Maple Leaf Cement Factory Ltd. Chairman & Chief Executive Officer at Kohinoor Maple Leaf Industries Ltd., Chairman & Chief Executive Officer for Zimpex Pvt Ltd., and Chairman & Chief Executive Officer at Tarbela Hydro Ltd., amongst others. As a member of Pakistan’s wealthiest industrial family, Saigol may have been born with a silver spoon in his mouth but his successful management of the Kohinoor Group has ensured his inheritance isn’t his only source of wealth. His net worth is currently estimated to be $850 million.
9. Rafiq M. Habib – Net Worth: $950 Million
With a net worth of $950 million, Pakistan’s ninth richest man is Rafiq M. Habib, a member of the prominent Khoja business family and current chairman of the House of Habib, a leading financial and business conglomerate company founded in 1841. Just a small selection of the business owned by the group include Habib Insurance Company Limited, Indus Motors Company, Metro Cash & Carry Pakistan, and Habib Metropolitan Bank, a subsidiary of Habib Bank AG Zurich.
8. Nasir Schon – Net Worth: $1 Billion
Next up is Nasir Schon, a businessman whose net worth of $1 billion makes him the 8th richest person in Pakistan. As the head honcho of the Schon Group, Schon oversees a vast range of businesses, including Schon Properties, a real estate developer whose projects include such eminent developments as iSuites, Dubai Lagoon, and Schon Business Park. Schon also owns the cricket team, Multan Sultans.
7. Nawaz Sharif – Net Worth: $1.4 Billion
At number 7 on our rich list is Nawaz Sharif, a man who needs little introduction to those who know a thing or two about Pakistani politics. Having held the title of Prime Minister of Pakistan for three non-consecutive terms (equating to nine years in total), Sharif ranks as the long-serving Pakistani prime minister of all time. It’s unlikely he’ll be holding the position again anytime soon, however: in 2017, he was removed from office further to revelations from the Panama Papers case and sentenced to ten years in prison. He’s currently living in London on an expired bail. His current net worth is $1.4 billion.
6. Malik Riaz – Net Worth: $1.5 Billion
As the founder of the largest privately-owned real estate development company in Asia, you wouldn’t expect Malik Riaz to be struggling to make ends meet, and indeed, he’s not. The Bahria Town founder and owner is currently worth the mammoth sum of $1.5 billion, a figure that makes him the 6th richest man in the country. According to Wikipedia, Riaz is something of a controversial figure and has been the subject of several corruption investigations.
5. Asif Ali Zardari – Net Worth: $1.8 Billion
The second politician to hit our rich list is Asif Ali Zardari, the co-chairperson of the Pakistan People’s Party and president of Pakistan Peoples Party Parliamentarians. Zardari served as the 11th President of Pakistan from 2008 to 2013. Zardari’s initial rise to fame came with his marriage to Benazir Bhutto, the Prime Minister of Pakistan from 1988 to 1990 and again from 1993 to 1996. Zardari provided a controversial figure throughout his tenure as President and was the subject of numerous accusations of corruption and cronyism. He’s currently believed to worth $1.8 billion.
4. Mian Mansha – Net Worth: $2.7 Billion
With a net worth of $2.7 billion, Mian Mansha ranks as the 4th richest person in Pakistan. As the CEO of the Lahore-based international conglomerate Nishat Group, Mansha has made his fortune from exporting cotton and investing in power projects, cement, and insurance. Some of the companies owned by the conglomerate include Adamjee Insurance Limited, D G Khan Cement, Nishat Chunian, Nishat Automobile, and Lal Pir Power. According to Forbes (www.forbes.com/profile/mian-mohammad-mansha/?sh=f2a8ded419c8), Mansha was Pakistan’s first-ever billionaire.
3. Sadruddin Hashwani – Net Worth: $3.4 Billion
In at number three is Sadruddin Hashwan, a businessman whose activities with the Hashoo Group (a conglomerate best known for Pearl-Continental Hotels & Resorts) have resulted in a mammoth net worth of $3.4 billion. Unlike some of the more controversial figures on our rich list, Hashwani has a scrupulously clean record.. so clean, in fact, he’s the first businessman to ever be awarded Pakistan’s top civilian award, Nishan-e-Imtiaz. The honor was bestowed in recognition of Hashwan’s outstanding services for Pakistan.
2. Anwar Pervez – Net Worth: $4.6 Billion
In second place with a net worth of $4.6 billion is Anwar Parwez. Pervez may not have had the most auspicious start to his career (he started off as a bus conductor and driver), but he soon showed his business merit when, in 1976, he founded the multinational conglomerate company Bestway. In the UK, Bestway owns the second-largest wholesaler, serving over 125000 retailers and caterers. It also owns the country’s third-largest pharmacy chain and stores such as Best One and Bargain Booze. In Pakistan, the group is the largest shareholder of United Bank, and the largest cement maker in the country. Among the honors Pervez has achieved are an OBE and a Hilal-i-Pakistan.
1. Shahid Khan – Net Worth: $8 Billion
In at number one with a net worth of $8 billion is businessman and sports tycoon, Shahid Khan. Khan is the CEO and owner of Flex-a-Gate, an automotive manufacturing company founded by Khan during his student years at the University of Illinois. He also owns the Jacksonville Jaguars of the National Football League (NFL) and Fulham F.C. of the Premier League (EPL), in addition to co-owning All Elite Wrestling (AEW). Khan, who shares two children with his wife, Ann Carlson, is the recipient of numerous awards and hones, including a Distinguished Alumnus Award, an Alumni Award for Distinguished Service, and a Distinguished Service Award from his alma mater, the University of Illinois.