Short-listing Pakistan’s most influential business magnates or Groups has never been an easy task because there are the people who have been very powerful in nearly every regime that has held this country’s reins since the last 68 years and then we have had those seasonal species that maneuvered their voice to be heard better than most within the power corridors, but later vanished into the oblivion for one reason or the other. We have selected only those tycoons who have made their presence felt for a better part of country’s history, have earned consistently, have been setting up units at regular intervals or have been legends in stocks, currency or real estate business.
The list excludes many names that have previously qualified and all of Pakistan’s most prominent feudal land lords who would definitely make it to the top 10, expect the few land owners which have declared their assets and work force and registered with the CBR Islamabad. In order to promote the new and “unknown” Pakistani magnates we have excluded in previous entities.
Unfortunately, our extensive research does not currently include the names of a few stars that shone brightly amidst the galaxy of the influential creed of yesteryear like C.M.Latif of BECO- the Steel Man of Pakistan- who did make a lot of name once, but then got gifted with contentment somehow, although the late business wizard got very badly hit by Bhutto’s nationalization of 1970 which had inflicted an astounding thud to everybody in business then. Had it not been the case, many of our tycoons may well have managed to gain the kind of status greeting the likes of Birlas and Tatas in India today, if not the one saluting Bill Gates or Warren Buffet. Among these gifted individuals, you will find politicians-turned-businessmen, businessmen-turned-politicians or even the businessmen-cum-politicians. With malice towards none and with no intention to decorate somebody, We thus takes the pride of announcing these names. We hope this document will go a long way in serving as the most authentic endeavor of its kind for a very long time to come. It has been prepared very carefully in consultation with leading real estate barons, stock moguls, business leaders of virtue and senior bureaucrats at the Central Board of Revenue.
Pakistan is an Asian country. The business mans of Pakistan doing hard work to develop their country through his skills, ability and experience. There are total 9 Billionaires in Pakistan. So, we talk about Richest Man in Pakistan with their net incomes, source of incomes and their business and investment. List of Pakistani Billionaires are below:
1. Shahid Khan
Wealth: $6 Billion
Source of Income: Vehicle Parts
Citizenship: United States of America based in Pakistan
Website: Flex N Gate
Shahid Khan is known as the “Pakistani Business Tycoon”. He was born in Lahore on 18th of July 1952. He got a degree of BSc from University of Illinois at Urbana–Champaign. Shahid Khan have too many business, he is the founder of Jacksonville Jaguars the American football team. Shahid Khan also the owner of “Flex-N-Gate” the big autoparts supplying and manufacturing company based in Florida. Flex-N-Gate has over 14000 employees in its company and too many branches in other countries in the world. The main source of income of Shahid Khan is Vehicle Parts manufacturing and this business make him the first Richest man in Pakistan.
2. Mian Muhammad Mansha
Source of Income: Fabric and banking
Website: Nishat Mills Limited
Mian Muhammad Mansha is a big Industrialist in Pakistan born in Punjab on 1st December 1947 after the separation of Sub-continent. He studied at the University of the Punjab in the field of business. Mian Muhammad Mansha is the Chairman of Nishat Group which is the largest textile mill in Faisalabad. Nishat Group has a big fabric business in Faisalabad and Pakistan also. Nishat Group also export clothes outside from the Pakistan. In other business way, Mian Muhammad Mansha is the Cheif Executive Officer (CEO) of Muslim Commercial Bank (MCB) build in 1947 by Adamjee group of companies.
3. Asif Ali Zardari
Source of Income: investment and property
Website: Official site
Asif Ali Zardari fixed on 3rd spot in the list of Pakistani Billionaires. He was born in 26 July 1955 in the house of Hakim Ali Zardari. He schooling in St Patrick’s High School from Karachi and then join Cadet College. He is a former President of Pakistan and also the former chairman of Pakistan People’s Party (PPP). He inherited property from his father Hakim Ali Zardari. He have a lands in all provinces of Pakistan. Asif Ali Zardari also have a shares in British and American companies.
4. Sir Anwar Pervez
Source of Income: Bestway group
Citizenship: United Kingdom based in Pakistan
Website: Bestway group
Sir Anwar Pervez is an Pakistani based English businessman. He was born in Sub-continent on 1st of December 1935. He graduated from University of Bradford in United Kingdom. He is the holder of Bestway group, the UK largest Cash & Carry system based in West London in 1976. Bestway group has above 60 godowns in all over the Uk. Bestway group also has cement manufactunig plant in Pakistan, the plant starting from 1 crore 50 lac Pak rupees in Pubjab. Sir Anwar Pervez also the chair person of subsidiary companies like Bestway Direct Limited, Bestway Catering and Best-One. Sir Anwar Pervez also the Cheif Executive Officer (CEO) of United Bank Limited (UBL) the big commercial bank build by Agha Hasan in 1959. Its branches is spread all over the world including Switzerland, USA, Dubai, Qatar and Yemen.
5. Nawaz Sharif
Source of Income: steel
Website: Sharif group
Nawaz Sharif is the fifth Richest man in Pakistan and the current Prime Minister (PM) of Pakistan and the Chairman of Pakistan Muslim League Nawaz a big political party in Pakistan. He was born in Lahore on 25th December 1949 in the house of Muhammad Sharif. He gain a law degree from Punjab University. Nawaz Sharif is the owner of “Sharif Group” inherited from his father. Sharif Group is a group of companies which are working in the field of Poultry Farms, transport, dairy and others. Nawaz Sharif is also the chair person of Ittefaq Group, the largest steel producer in Punjab.
6 – Saddaruddin Hashwani Pakistan
Worth: £550m ($1.1billion) Industry: Businessman
Saddaruddin Hashwani is Chairman Hashoo Group is known for his dominance in Pakistan’s hotel industry, though Hashwanis are have huge strength in real estate business too. Hashwanis are involved in trading of cotton, grain and steel and till the nationalization of cotton export in 1974, they were widely being dubbed as the Cotton Kings of Pakistan. Today, this group has excelled in export of rice, wheat, cotton and barley. It owns textile units, besides having invested billions in mines, minerals. hotels, insurance, batteries, tobacco, residential properties, construction, engineering and information technology. In 1984, Hashwani defeated the Lakhanis in the bid for Premier Tobacco but was arrested along with his brother Akbar in 1986 for allegedly evading customs duty on cigarettes. Sadarduddin’s brother Akbar and the children of another late brother Hassan Ali Hashwani together manage around 45 companies. Akbar runs the second Hashwani Group. He is one of the most well-known magnates in Pakistan who is a regular invitee at the Diplomatic Enclave. The list of local and international bigwigs known personally to Hashwani is unending.
6 – Nasir Schon & family U.A.E/Pakistan
Ranking: 6 (tied at 6) Worth: £500m ($1.1billion) Industry: Businessman
Nasir Schon is a prominent business leader of Pakistan and the CEO of Schon Group. Nasir Schon is the son of Captain Ather Schon Hussain, an ex-pilot of PIA. The Schon family is one of the few striving Muhajir Urdu business families in Pakistan. Starting off in Singapore in 1982, the peek of Schon group was in 1995 when they owned National Fibres, Schon Bank, Schon Textiles and Pak-China Fertizilers. Famous for the trend-setting roundabout, Schon Circle, Nasir Schon is also known to be one of the first people to have a Rolls-Royce in Pakistan. Directors of Schon group flew to Dubai in 1997 in exile after the dismissal of ex-Prime Minister Benazir Bhutto. The directors of Schon group were known to have close contacts with the husband of former Prime Minister, Asif Zardari. Many assets of the Schon group were auctioned by the Nawaz Sharif government. Schon Group is the only group in Pakistan who has paid the government over 3 billion rupees ($65m) in order to return from exile. Living in Dubai gave Nasir Schon an opportunity to start businesses there. Currently working on an $830 million real estate project known as Dubai lagoon, Schon group is also fighting to get back the assets they once lost. Currently, the Schon group operates a pilot training center in Pakistan known as Schon Air.
7 – Malik Riaz Hussain Pakistan
Worth: £400m ($1 billion) Industry: Businessman
Malik Riaz Hussain heads the massive project which is currently developing state-of-the-art schemes in Lahore, Karachi and Rawalpindi/Islamabad. Emerging out of the blue, this developer has reportedly developed tremendous connections where it matters in Pakistan-One of the few reasons why his constructed projects get completed in time without hindrance. Whether he has gifted bungalows free of cost of country’s bigwigs or offered them at highly concessional rates, the reality on the ground is that Malik has managed to mesmerize most through his generous wallet. His land-holdings both within and outside Pakistan amounts to nearly a billion dollar. He is the man behind the Bahria Town. Irrespective of who is in power; he continues to build house after house-swelling his wealth. He is also the first man to drive a Bentley car on Pakistani soil.
8 – Rafiq Habib & Rasheed Habib Pakistan
Ranking: 7 Worth: £450m ($900) Industry: Businessman
Legend has it that the Goddess of Wealth has been in love with the seasoned Habibs more than anybody else in Pakistan. Most pundits believe that Habibs own at least 100 companies throughout the world, but these content mega-tycoons never boast off, something which has made it uphill for most to predict about their financial standing. This industrial group was founded by Seth Habib Mitha, born in 1878 to Esmail Ali-a factory owner in Bombay. The financial strength of the Habibs can be gauged from the fact that Muhammad Ali Habib gave a cheque of Rs 80 million to Quaid-e-Azam in 1948 at a time when Pakistan government was penniless owing to delay in transfer of Pakistan’s share of Rs. 750 million by the Reserve Bank of India. They had offices in Europe in 1912. They incorporated the Habib Bank in 1941. They own the Habib Bank A.G Zurich, Bank Al-Habib, Indus Motors assembling Corolla cars and many dozens of units in sectors such as jute, paper sack, minerals, steel, tiles, synthetics sugar, glass, construction, concrete, farm autos, banking, oil, computers, music, paper, packages, leasing and capital management. Habibs today are headed by Rafiq Habib and Rashid Habib in two distinct groups. What makes them extremely influential players of all times is the fact that for dozens of top businessmen today, Habib were a myth once.
9 – Tariq Saigol & Nasim Saigol Pakistan
Ranking: 8 Worth: £425m ($850) Industry: Businessman
Hailing from Jhelum. The pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. And then times saw them shining literally like the Kohinoor until their progress was halted by Nationalization in which they lost two-thirds of their wealth. Saigols got trifurcated in 1976 and 15 descendents of Amin Saigols four sons got a share. The name of the Saigols has been used in this part of the world as similes describing quantum of wealth. Yousaf Saigol, along with his brothers Sayeed Saigol, Bashir Saigol and Gul Saigol then nourished an excellent crop. In 1948, Saigols established the Kohinoor Textile Mills with a cost of Rs 8 million and this group happens to be the first to open an LC with the State Bank of Pakistan. They bought the United Bank in 1959 and then witnessed five of their units getting nationalized. They lived in Saudi Arabia during the Bhutto regime. Today, cousins Tariq and Nasim are holding the family’s fort together and have risen to unprecedented heights in individual capacities. NAB did haunt Nasim but Tariq spent more time either accepting or refusing prized slots everywhere. Tariq is the one of the finest business brains around.
10 – Sultan Ali Lakhani & family Pakistan
Worth: £400m ($800) Industry: Businessman
The Lakhanis are currently having a hard time at the hands of NAB. Sultan Lakhani and his three brothers run this prestigious group and the chain of McDonald’s restaurants in Pakistan. NAB has alleged the Lakhanis of having created phoney companies through worthless directors and raised massive loans from various banks and financial institutions. Sultan is currently abroad after having served a jail term with younger sibling Amin, though the latter was released much earlier. NAB had reportedly demanded Rs 7 billion from Lakhanis, but later agreed they pay only Rs 1.5 billion over a 10-year period. Lakhanis, like their arch-rivals Hashwanis, are the most well-known of all Ismaeli tycoons. Their stakes range from media, tobacco, paper, chemicals and surgical equipment to cotton, packaging, insurance, detergents and other house-hold items, many of which are joint ventures with leading international conglomerates. Though Lakhanis are in turbulent waters currently, the success that greeted them during the last 25 years especially has been tremendous. They have rifts with large business empires despite being known fur their genteel nature. Whether it is any government in Sindh or at the Federal level, Lakhanis have had trusted friends everywhere, though the present era has proved a painful exception.