Top 10 New Richest Men In Pakistan 2023. The majority of Pakistan’s population is divided into the middle- and low-income groups, but a handful of elites are amassing massive wealth.
According to the Global Wealth Index, the total wealth (assets minus debt) of Pakistan’s elite class accounted for only 0.1 per cent in 2018. Although India has 16 billionaires on the Forbes 2019 list, very few of our compatriots make it to the list.
Top 10 New Richest Men In Pakistan
If we talk about the 10 richest families of Pakistan in 2023 then here on this page we have the list of names. We will tell you the names of the 10 richest families in Pakistan.
Read Also: Top 10 Best Criminal Lawyer In Pakistan With Picture
Although Pakistan is not included in the list of the richest countries in the world, still there are a large number of families and individuals living in this country whose wealth is not less than that of the richest person in the world.
- Shahid Khan
- Mian Mansha
- Sir Anwar Pervaiz
- Saddrudin Hashwani
- Asif Ali Zardari
- Malik Riaz
- Mian M. Nawaz Sharif
- Nasir Schon
- Rafique M . Habib
- Tariq Sehgal
Here we have compiled a list of the ten richest families who own banks that rank among the top banks in the world. So, have a look at it.
Shahid Khan is a Pakistani-born American businessman who has been named the richest man in Pakistan with a net worth of $8.3 billion in 2023. Raised in 1950, Khan belonged to a middle-class family in Lahore and moved to America in 1967 for higher education. His first job was washing dishes at a local restaurant for just $1 an hour.
Sources of Income: Nishat Group, MCB Limited, Adamji Group, Nishat Chunian Group, DG Khan Cement Pakistan’s first billionaire. Born during the tumultuous Partition of 1947, his parents were among Muslim families who travelled from India to Pakistan.
In 1951, his father and uncle jumped into textiles, along with Nishat Mills. Mian Sahib went to college in UK. After graduation, he joined the family business. His Nishat Group is now Pakistan’s largest cotton apparel exporter (for brands like Jeep) and the largest private employer across the country.
It also invests in power plants, cement and insurance. A good bet in banking: Muslim Commercial Bank won a controversial bid in 1991 during the country’s privatization drive.
Sir Anwar Pervaiz
Sir Anwar Pervez has become one of the 10 richest men in Pakistan. His life story is written with sheer hard work and sincerity like many other successful people.
He attributes his success to “one per cent chance, 99 per cent discipline and integrity.” Anwar Pervez, born in 1935 in a small town in Punjab, was part of a low-income family. He used to go to school barefoot. Upon completion.
He moved to the UK in the 1950s aged 21 and started working as a bus driver in Bradford. He had enough money to introduce the rest of his family to Britain after serving as a driver for five years.
Mr Sadruddin Hashwani started cotton trading in 1960 and today his industrial group is one of the largest portfolio groups in the country as diversified in real estate, oil and gas, hospitality, IT, ceramics and pharmaceuticals.
He is recognized as one of the world’s leading figures in the hospitality industry today and has been awarded several awards including the Gold Medal for outstanding services to the hospitality industry in Pakistan.
Asif Ali Zardari
Asif Ali Zardari is a 1.8 billion dollar Pakistani politician. He is one of the 10 richest people in Pakistan. Previously, he was the 11th President of Pakistan from 2008 to 2013 and is now the Co-Chairman of the Pakistan People’s Party. However, he started withdrawing his money even before entering politics.
The bulk of Zardari’s fortune comes from Pakistan’s sugar mills as well as other businesses in which he is involved. After the assassination of his wife Benazir Bhutto, who served as Pakistan’s prime minister in the 1990s, Zardari became the country’s president.
Malik Riaz, a Pakistani real estate tycoon, is the director of Bahria Group. Born to a failed contractor, due to ups and downs in his company, Malik Riaz was unable to complete his education after matriculation. After matriculation, he started working as a clerk in the Military Engineering Service. Malik Riaz established his contacts there and learned to work with the system.
Mian M. Nawaz Sharif
Former Prime Minister Nawaz Sharif is also counted among the 10 richest people of Pakistan. He is the director of Aqash Steel, Pakistan’s leading steel producer. But the Sharif family also invests in the food, sugar and transportation industries.
Mian M. Nawaz Sharif has a net worth is as high as $1.4 billion. The estimate does not include undeclared properties, particularly in England, UAE and the US.
Nasir Shoon owns Shoon Properties along with his brother Tahir Shoon. Founded in 1971, the company enjoyed tremendous success when it launched its UAE real estate projects.
In the UAE, the company won several awards including the CNBC Arabian Property Award and the Bestway Office Design Award. He is the sixth richest man in Pakistan with a net worth of $1 billion.
Rafique M . Habib
House of Habibs is the most famous name in the business sector of Pakistan. The business group owns several companies such as Habib Bank Limited, Habib Metro, Habib Public School, Habib University, Indus Motors Company, and many others. Rafiq M. Habib is the 9th richest man in Pakistan with a net worth of $0.95 billion.
Tariq Sehgal, the owner of Koh Noor Maple Company, Sehgal Engines and Sajil Engines, is ranked 10th in the list of Pakistan’s richest businessmen worth $0.9 billion. He has also invested heavily in Koh Noor Textile Mills, Pak Electron and Koh Noor Power Company. He is counted among the 10 richest people in Pakistan.
So, this was the complete breakdown of top families with huge net worth. Net worth is increasing and decreasing every second. So it is not a permanent thing. Hope you are confident about the post. Stay with us for more informative news.
Who is the 10 richest man in Pakistan?
Tariq Sehgal, the owner of Koh Noor Maple Company, Sehgal Engines and Sajil Engines, is ranked 10th in the list of Pakistan’s richest businessmen worth $0.9 billion. He has also invested heavily in Koh Noor Textile Mills, Pak Electron and Koh Noor Power Company.
Who is the richest poor man in Pakistan?
Abdul Sattar Edhi NI LPP GPA
Who is the golden man of Islamabad?
Muhammad Ahsan: ISLAMABAD: When 18-year-old Muhammad Ahsan arrived in the Pakistani capital looking for work, little did he know that a series of coincidences would soon turn him into the city’s newest and most unique performance artist, the “Golden Man of Islamabad”.