Richest Pakistani men of 2024
Yes, we accept that Pakistan is a third-world country, but regardless of that, we do have some known richest personalities living in Pakistan or from Pakistan. Most of them are politicians, philanthropists, influencers, and business people. Here in this article, we will talk about the top 10 personalities who have made a name for themselves in terms of their worth (financially). These top 10 are the wealthiest men in Pakistan, and their names are also called among the top 500 most affluent families in the world.
Even though Pakistani’s economy is trembling these days, the net worth of these richest men remains untouched.
As per the GWI (Global Wealth Indexes), the total count of Pakistan’s elite-class wealth (assets minus debt) in 2018 was just 0.1 per cent.
List of Top 10 Richest Men in Pakistan
Among the top 3
1. Shahid Khan
Net Worth: $8.3 Billion
My sources of income are Flex-N-Gate, Jacksonville Jaguars, Fulham F.C., and All Elite Wrestling.
Shahid Khan made a fortune for himself by working hard. He is a living example for those who believe in hard work. His journey from a middle-class man to a Global Elite is well documented. He was born in 1950 and has grown from washing dishes to owning a company like Jaguars. He started with $1 per hour and now has a net worth of $8.3 Billion.
In 1978, Shahid Khan started his own business by making car’s one-piece bumpers to customise pickup trucks. That piece of engineering changes his life. Later, he bought Flex-N-Gate Corporation, where he worked as an engineering director. Now, he has scaled that company to the extent that it has 66 operational plants worldwide and over 24,000 employees.
Shahid Khan, a man of strong will and a charismatic personality, jumped the stairs of success when he started his own business. In 1978, he started making car one-piece bumpers for customized pickup trucks and body shop repairs.
2. Anwar Pervez
Net worth: $4.6 billion
Source of income: Bestway Group, UBL
What he described as “One per cent luck, and 99 per cent diligence & honesty” brought Sir Anwar Pervez to new heights, and a person who opened his eyes to a low-income Pakistani family in 1935 turned out to be the wealthiest Pakistani origin in the U.K. with a net worth of $4.6 billion in 2019.
Like many others, Answer Pervez initially wrestled with life’s ordeals and happened to be a telephone operator. But as he turned 21, he moved to the U.K. for a better future, where he spent five years of his life as a bus conductor in Bradford.
Having raised his living standards to a responsible position, Answer Pervez set up a retail store in London’s Earls Court in 1963 containing masala items and halal meat. Later, in the early 70s, his store was renamed Bestway, with ten branches in and around West London.
1976, he opened his first wholesale warehouse in London’s Acton Town. By 2014, Answer Pervez’s Bestway had become the second-largest independent wholesaler in the United Kingdom.
Besides having significant shares in United Bank Limited (UBL), Answer Pervez’s Bestway also deals in the cement, banking, and pharmaceutical sectors.
In 1999, Answer Pervez was knighted by the British Queen. His nephew Zameer Choudrey, Bestway’s Chief Executive Officer (CEO), was appointed to the House of Lords in September 2019 in recognition of his services.
3. Sadruddin Hashwani
Net worth: $3.4 billion
Source of income: Marriott Hotel, Pearl Continental Hotel, Orient Petroleum
The recipient of Nishan-i-Imtiaz (Civil) as the first Pakistani businessman, Sadruddin Hashwarni is the Founder and Chairman of Hashoo Group, which owns Marriott and Pearl Continental Hotels across Pakistan.
Sadruddin Hashwarni was born in February 1940 in Karachi, and in 1960, he established a Cotton Trading Company’ Hassan Ali & Company’ along with his brother; however, it was nationalized in 1973 by the Bhutto regime.
Therefore, he established Holiday Inn Hotels in Karachi and Islamabad in 1978 and 1981, which were converted into Marriott Hotels in the 90s.
The 79-year-old Sadruddin Hashwarni also owns Pearl-Continental (P.C.) Hotels in Pakistan.
Apart from that, several Companies, i.e. Tours and Travels, Oil and Gas, Pharmaceuticals, Minerals, Trading, Investment, Ceramics, Welfare, and Net-21 (Pvt) Limited, are operating under the banner of Hashoo Group.
Runner-ups in the list of richest Pakistani men
4. Mian Mansha
Net worth: $2.7 billion
Source of income: Nishat Group, MCB Ltd, Adamjee Group, Nishat Chunian Group, DG Khan Cement
The Chairman of Nishat Group – Mian Muhammad Mansha – is believed to have wealth worth $2.7 billion.
Born in Lahore in 1947, Mian Mansha joined his family business in 1969 and began looking after the Nishat Textiles Mills – Pakistan’s giant Fabric Manufacturing Mills – established by his father, Mian Muhammad Mansha, in 1951.
The Nishat Group is in all major sectors in Pakistan, including textiles, cement, banking, insurance, power generation, hotel business, agriculture, dairy and paper products.
Currently, Adamjee Insurance Limited, DG Khan Cement Company Limited, Lalpir Power Limited, Muslim Commercial Bank (MCB) Limited, Nishat (Chunian) Limited, Nishat Power Limited & Pakgen Power Limited are listed on the Pakistan Stock Exchange (PSX) as Associated Companies under the umbrella of Nishat Group. Besides, the group also owns several unlisted Associated Companies.
Mian Mansha is Pakistan’s highest tax-paying individual and received the Sitara-e-Imtiaz Civil Award in March 2004.
5. Asif Ali Zardari
Net Worth: $1.8 billion
Source of income: Diversified, Agriculture, and Real Estate,
The former President of Pakistan and the Co-Chairman of Pakistan People’s Party (PPP), Asif Ali Zardari, reportedly owns $1.8 billion, which enables him to become the 5th richest man in Pakistan.
In addition to his known wealth, Asif Ali Zardari also allegedly owns properties worth billions in UAE, UK, France and Switzerland, which haven’t yet been documented under his name as it was allegedly earned through malpractices when his late wife Benazir Bhutto was in power.
6. Malik Riaz
Net worth: $1.5 billion
Source of Income: Bahria Town
The real estate tycoon Malik Riaz stands at number six among Pakistan’s wealthiest persons, with a net worth of $1.5 billion.
Now 65, Malik Riaz was born in Sialkot in February 1954; still, as he was in his adolescence, his family suffered heavy losses in business, and he couldn’t carry on his sturdy after matriculation. Eventually, he became a contractor and established his construction company, Hussain Global, which ended up as Bahria Town in 1996.
In a recent news event, it was stated that Malik Riaz has lost 190 Million pounds since he was asked to hand over the property to the National Crime Agency U.K., which would be treated as a settlement.
Bahria Town is Pakistan’s Largest Real Estate Developer, with over 100,000 employees. It builds Houses and Shopping Complexes, i.e. Mall of Lahore/Islamabad, Houses, Andreen Valley Hypermarket, Skyscrapers, Bahria Icon Tower, and runs Cinemas, i.e. Cine Gold.
Malik Riaz’s Bahria Town has also developed the world’s 7th largest grand Jamia mosque in Lahore and is now constructing the third-largest mosque in Karachi. Besides, it is also constructing the Country’s most enormous ‘Rafi Cricket Stadium’ in Karachi.
7. Nawaz Sharif & Family
Source of Income: Sharif Group, Ittefaq Group, Real Estate
Blessed with the business empire set up by his father, Mian Muhammad Sharif, along with his brothers with the foundation of Ittefaq Steel Foundry in 1939 and later Sharif Group of Companies in 1974, Nawaz Sharif didn’t have much to bother to live a luxurious life. It became one of Pakistan’s wealthiest men, with a net worth of $1.4 billion.
Though the Ittefaq Group was acquired by the Al-Rehmat Group of Companies in 2004, the Sharif Group has expanded into a massive business conglomerate with its foothold in industries like sugar, power, milk & dairy, feed, poultry and even plastics.
Under the banner of Sharif Group, Ramzan Sugar Mills Limited was established in 1990, Sharif Feed Mills (Pvt.) Limited in 2007, Sharif Dairy Farms (Pvt.) Limited in 2008, Ramzan Energy Limited in 2010, Sharif Milk Products (Pvt.) Limited in 2011, Crystal Plastic Limited in 2012, Chiniot Power Limited (CPL) in 2013, and Al-Arabia Sugar Mill in 2017.
However, Nawaz Sharif is also accused of having set up his family’s huge business empire, which has now been expanded worldwide and run by his sons, by misusing his Office as the Chief Minister of Punjab (1985-1990) and then being a three-time Prime Minister of Pakistan, and indulging in corruption which also caused his outset from the Office in 2017 for life.
One thing that should be mentioned here is that during the recent tussle between the political parties PTI and PLMN, many properties and assets belonging to Nawaz’s Family have been seized.
8. Nasir Schon
Net worth: $1 billion
Source of Income: Schon Properties
One of the most infamous names is Nasir Schon, the owner and co-founder of Schon Properties, along with his brother Tahir Schon. The company was established in 1971 in UAE, and they made a lot of money by dealing in real estate business with the elites of UAE. Since its formation, the company has delivered 1.6 million square feet in Dubai. The company also scored the CNBC Arabian Property Award and the Bestway Office Development Award. The current wealth of Nasir Schon makes him the 8th richest person in Pakistan, with a net worth of $1 billion
9. Rafique M. Habib
Net worth: $0.95 billion
Source of Income: Habib University, Indus Motors Company, Habib Bank Limited, Habib Metro
Rafique M is a famous and renowned name in Pakistan, and it has been among the prominent names in the country regarding the business sector. With a net worth of $0.95 billion, Rafique M. Habib is the 9th wealthiest.
10. Tariq Saigol
Net worth: $0.9 billion
Source of income: Sajeel Motors, Kohinoor Textile Mills & Power Company, Kohinoor-Maple Group, Saigol motors
Tariq Saigol is the owner of the Kohinoor group, which further owns the Kohinoor-Maple group, Saigol Motors, and Sajeel Motors, along with massive investments in Kohinoor textile mills, Pak electron, and Kohinoor Power Company.
