6 Richest Pakistanis You May Not Know!
Pakistan is hardly a place one would consider as a financially stable nation. A country that suffers from endless debt issues, a widening trade deficit and dwindling foreign exchange reserves, Pakistan can, in fact, be likened to a poor peasant who dreams of becoming a KING someday. Still, it seems, one can get rich in Pakistan. In spite of much economic distress and deteriorating law and order situation, many businesses are booming. The massive returns earned from such endeavors are the main reason behind the growing trend of individuals taking the plunge from salaried employment to entrepreneurial business.
This entrepreneurial streak is not a recent phenomenon; in fact, much of Pakistan’s current economy’s foundations were first laid by a few select families who possessed the needed business acumen to take various industries forward. Many of today’s top companies are being led by people who, like the first few business families, took the initiative to go the less-tread path of entrepreneurship.
Shahid ‘Shad’ Khan
A Pakistani-American businessman, Shahid ‘Shad’ Khan is the owner of automobile parts manufacturer Flex-N-Gate in Urbana, Illinois. He is also the owner of Jacksonville Jaguars of the National Football League (NFL) and the Fulham F.C of the English Football League Championship. Shad is ranked at number 122 in the Forbes 400 list of richest Americans and is globally ranked at number 349 among most wealthy people in the world.
Mian Muhammad Mansha
Marked as the 937th richest man in the world by Forbes 2010, Mian Muhammad Mansha has his name attached to a variety of successful business ventures, including Nishat Group, AdamJee Group and MCB Bank Limited. His establishments greatly benefited from the privatization drive of the 1990s which enabled him to indulge in a number of acquisitions and buy-outs to help expand his business. Currently, he has plans of expanding his operations in Indonesia and the Middle East.
Asif Ali Zardari
When it comes to making it big in business, he’s not the one to be messed with. Asif Ali Zardari, Pakistani politician and former President of Pakistan, ranks as the third richest person of Pakistan, acquiring his total wealth from a variety of sources, including ventures in the agricultural industry, real estate sector as well as businesses in the Middle East, United Kingdom and the United States of America.
Sir Anwar Pervez, O.B.E
Owner of Bestway Group and United Bank Limited, Sir Anwar Pervez has dabbled in a variety of industries including cement, banking and wholesale. His cash & carry business, Bestway, was ranked as the largest independent wholesale group in the UK in 2010. In 1992, he was made an Officer of the Order of the British Empire (O.B.E) and even received knighthood from the Queen in 1999.
Currently serving as the Prime Minister of Pakistan, Nawaz Sharif is the Chairman of Pakistan’s leading and largest political party, the Pakistan Muslim League-Nawaz (PML-N). Having mostly engaged in ventures related to steel manufacturing, sugar mills and farming, Mr. Nawaz has earned most of his revenues from Ittefaq Group of Industries, which was founded by his father, industrialist Muhammad Sharif. The group has expanded from five mills to 30 businesses which produce steel, sugar, paper and textiles. Its current annual revenues are expected to be nearly $400 million.
Abdul Razzaq Yaqoob
Owner of the ARY Group of Companies, Abdul Razzaq Yaqoob is like our very own Donald Trump; from films to TV to even shopping, ARY has become an integral part of every Pakistani household and has even played a major role in shaping the TV and film industry of the country. With conglomerates in retail, real estate and media, Abdul Razzaq Yaqoob’s (deceased) business insight had helped propel his company to greater heights ever since its inception in 1972.
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