Top 10 richest people in Pakistan. While 80% of people in Pakistan are fighting to get their fundamental rights, around 10% of people in the country are millionaires. Despite the current economic condition of the country, these people have more than enough sources not just for themselves but for their upcoming generations as well.
In this article, you will meet the Top 10 Richest People of Pakistan by their estimated net worth. All of them are men and most of these people are businessmen.
Right now, Shahid Khan is top of the list with a net worth of over $8.7 billion. He is an American billionaire and was born in Pakistan. He was born in Lahore, Pakistan, and belonged to a middle-class family.
When he went to the US in 1967 for study at the University of Illinois at Urbana–Champaign, his first job there was washing dishes for $1.20 an hour.
He started to climb the stairs of success when he initiated his own business in 1978 to made car bumpers for customized pickup trucks and body shop repairs. After that in 1989, he became the only supplier of the whole Toyota lines of US. And that was his basics to turn into a famous billionaire of Pakistan and the world as well.
Anwar Pervaiz is the second richest person in Pakistan. He is the chairman and the founder of Bestway. Although he is a British businessman but was born in Pakistan. With a net worth of £3.1 billion (US$3.75 billion), currently, he is the richest Pakistani in the UK.
He grew up in a village of Punjab where he would walk eight miles to school and back daily. At the age of 21, he moved to the UK. In 1963, he established his first convenience store and knows the world knows it by the name of the best way.
After the continued success, his company emerged as the second-largest wholesaler in the UK. He is also a really kind person by nature and made lots of donations to a range of charity events. He also set up a cement manufacturing plant in Pakistan with a cost of £70 million in 1995.
Mian Muhammad Mansha
Mansha is a Pakistani billionaire with a net worth of US $3.8 billion. He is the founder and CEO of the international conglomerate Nishat Group. He is the owner of a Muslim Commercial Bank known as MCB Bank.
Moreover, he is the individual Pakistani who is paying the highest tax.
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His two primary sources of income are MCB Bank and Nishat Group.
Not to know, Nishat Textile Mills which is now Pakistan’s largest fabric manufacturing mill and the largest exporting entity of Pakistan was initially his father’s cotton ginning business which he started in 1951. Mansha worked hard to grow this business which later became the Nishat Textile Mills.
He had been given Sitara-e-Imtiaz. As per Forbes magazine 2010, he was the 937th richest person in the world & no. 1 in Pakistan.
Asif Ali Zardari
The ex-chairman of the people’s party and ex-PM of Pakistan, Asif Ali Zardari is the 4th richest person in Pakistan with an estimated net worth of $1.8 billion. Zardari was born in Karachi and after his early education from Karachi school, he went to Londen to get his graduate degree in the early 70s.
Although his father was the owner of a small Karachi cinema he has gathered a fortune of £876 million pounds in properties. When his wife Benazir Bhutto was Prime Minister of Pakistan, at that time he combined great wealth. In 2007, he got $60 million in his Swiss bank account through offshore companies. He has 19 sugar mills in Sindh, huge real estate holdings and agricultural land of at least 40,000 acres, many properties in Dubai, and different businesses all over Pakistan. Moreover, he made great wealth when he becomes President of Pakistan in 2008.
The politician and ex-prime minister of Pakistan, Nawaz Sharif is the 5th richest man of Pakistan with a net worth of $ 1.6 billion. He was appointed as Minister of finance of Punjab by Zia-ul-Haq’s government in 1981 and he was elected as a Prime minister of Pakistan for the first time in 1990. Nawaz got PM-ship of Pakistan three times.
His main sources of income are the Sugar Mills, the Ittefaq Group, steel and agriculture industries. Now, he is in Adeala Jail due to his massive corruption cases.
With a net worth of 1.1 billion dollars, Sadruddin is the 6th richest person in Pakistan. He is a businessman and an author. He belongs to Karachi and now living in Islamabad Pakistan. He got his education from Karachi University. In 1960 he started a company with his brother and in the 1970s it became the biggest cotton trading company in Pakistan.
In addition, he also launched a Holiday Inn hotel in Islamabad in 1978 and in 1981 in Karachi. His best-selling biography was ‘Truth Always Prevails’. His main source of income is Hashoo Group, which is the largest industrial group in Pakistan. It is important to mention here that Hasho group also owns the Pearl-Continental Hotels & Resorts.
The business tycoon of Pakistan, Malik Riaz is the 7th richest man of Pakistan with a net worth of 1.1 billion dollars. His main source of income is his real estate business which is the largest real estate company of Pakistan named Bahria town.
Malik Riaz is a self-made man and belongs to a self-effacing family. Before all this fame and wealth, he started his career as a clerk in a construction company. Then after some time, he became a contractor. His father suffered heavy losses in the business that’s why he started working at an early age. Interestingly, he did often the part-time job of the painter. Currently, he is the owner of Bahria town Karachi, Lahore, Islamabad, and Murree. Not to know, Bahria town Karachi is the largest private project in Asia.
Jahangir Khan Tareen
Jahangir Khan Tareen is the 8th richest man and politician of Pakistan with a total net worth of Rs.80 billion. Tareen owns thousands of acres of farmland and some of the largest sugar mills and many other business entities in Pakistan. He is the Politician and industrialist of Pakistan. He was born in Bangladesh in 1953. He graduated from Lahore University and got an MBA degree from the USA.
|Jahangir Khan Tareen|
|Alma mater||Forman Christian College University of North Carolina|
|Occupation||Majority Shareholder and Executive Director of JDW Group, Chairman of J.K Group|
|Net worth||est. ₨80 billion (US$500 million) (2020)|
He was a lecturer and a banker, before entering in Politics. Jahangir owned many sugar mills and farmhouses in Pakistan. He owns private planes which he often offers to PTI key leadership for traveling. He was General Secretary of PTI where he served until December 2017. He has been a member of the National Assembly of Pakistan thrice between 2002 and 2017.
Abdul Razzak Yaqoob
He is the 9th richest person of Pakistan with the total worth of US $ 1 billion. His main source of income is ARY group which is named by his own name Abdul Razzak Yaqoob(ARY).
He started his career in 1972 when he opened his first branch in Deira. He was born in Karachi, Pakistan. Abdul Razzak Yaqoob moved to Dubai In 1960s where he establishes an outlet to buy and sell gold.
The first Private television channel was launched in 2000 by ARY group. However, after that it was expanded to other channels such as ARY News and ARY Musik etc. He has died in 2014 in London, but he has done extensive social work for the welfare of humanity.
He is the 10th wealthiest man of Pakistan having net worth around the US $ 1 billion. His main source of income is “Schon properties” which is owned by two brothers Tahir Schön and Nasir Schön.
Both of them founded this company in 2007 and started their business in Dubai. Schon brothers are also awarded by many awards like two CNBC Arabian Property Award and Best Office Development Award.