The Richest Person in Pakistan is Mr. Arcelor Mittal who is the Chairman of the world’s largest steel manufacturing company.
Who is Richest Person in Pakistan: There are so many people who think they know the richest person in Pakistan but do they really? There are many lists that claim to know who the richest man in Pakistan is, but there’s only one list that will surprise you.
Who is Richest Person in Pakistan?
The list below may change how you think about Pakistan’s economy and it may just change how you look at Pakistan itself! For example, did you know that the richest person in Pakistan doesn’t even live in Islamabad? That’s right! The wealthiest man in Pakistan has never even been to the capital city!
Why the richest person in Pakistan is on our list
Amjad Islam. In early 2014, Forbes listed him as the 17th richest person in Pakistan and one of only 4 billionaires living there. He has a net worth of $1.02 billion, most of which he earned from his businesses overseas, including an automotive company that sells vehicles to nearby countries and auto dealerships that sell cars all over Pakistan.
Another source of wealth for Islam is his agricultural development firm; it’s responsible for growing certain types of rice that are imported into South Korea and Japan. While Islam has won several awards during his time at Ghandhara Industries.
Which he owns—he also had to deal with the bad press when three employees committed suicide on-site due to alleged poor working conditions. To date, no charges have been filed against Islam or any other members of Ghandhara Industries.
Who do you think it is?
The richest person in Pakistan isn’t an industry tycoon, a retail magnate, or even a startup founder. According to Forbes, it’s a Saudi Arabian prince who has been ranked by Forbes as one of the ten richest people on earth with an estimated net worth of $32 billion.
Here are just some of his many assets: Four Four Seasons hotels (in New York City and Beverly Hills); Four Fairmont hotels (in San Francisco, Sydney, and Macau); Four jewel-encrusted watches; A $100 million Gulfstream jet; Land valued at $19 million on Manhattan’s Upper East Side; His 21,000-square-foot triplex penthouse at One Hyde Park—one of London’s most expensive properties.
And that’s not all! He also owns a pair of yachts, including a 656-foot superyacht with its own submarine and missile defense system. And for those wondering about his name – he was born Prince Mohammed bin Salman bin Abdulaziz Al Saud.
Muhammad Ali Jinnah
One of Pakistan’s Founding Fathers, and its first Governor-General, Muhammad Ali Jinnah was a man of vision. His passion for his homeland and commitment to democracy led him to create a homeland for Muslims in South Asia. According to Forbes magazine, Jinnah’s net worth at his death was $1 billion (in today’s dollars). The equivalent of nearly $50 billion today, would still make him one of the world’s richest people.
An attorney by training who became an expert in constitutional law at Lincoln’s Inn in London, he also served as a Muslim lawyer and politician. He started practicing law at age 24 and quickly earned a reputation as an excellent speaker with rare charisma. In 1906, he became president of the Indian National Congress but resigned two years later when it adopted a program that did not demand self-government for India.
In 1913, he founded his own party—the All India Muslim League—which pressed for greater Muslim representation and protection from discrimination. On Aug. 11, 1947, he addressed Pakistan’s Constituent Assembly: You are free; you are free to go to your temples; you are free to go to your mosques or any other place of worship in this State of Pakistan. He died 10 months later on Sept. 11 from tuberculosis and lung cancer at age 71; some say that shortly before his death he converted back to Hinduism because Islam forbids conversion from Islam.
Mian Muhammad Mansha
Mansha is a Pakistani businessman, investor, and philanthropist who founded Sun-Frost Group of Companies. He has been listed by Forbes as one of Asia’s richest persons. Currently, he owns The Economist Newspaper of the UK and is also known for his political affiliation with Pakistan Muslim League (N). He had established various business enterprises under Sun-Frost Group which deals in sugar and textile industries etc.
In terms of his net worth, he was estimated to be about $4 billion. His son Mian Muhammad Sharif is now handling all businesses of the Mansha group. Mian Muhammad Sharif is currently serving as a member of the National Assembly of Pakistan from the NA-131 constituency (Bahawalpur).
Sir Anwar Pervez
Anwar Pervez was born on June 7, 1938. He is a Pakistani Businessman and has been listed as one of the 50 richest people in Britain by The Sunday Times Rich List 2016. Anwar Pervez acquired his wealth through his business acumen, focusing mainly on the healthcare industry sectors. Through his company Consolidated Contractors Company (CCC), Pervez has held major contracts with several governments throughout Asia including Saudi Arabia and Oman.
His net worth was estimated to be £1 billion (about $1.4 billion) which makes him one of the richest persons in Pakistan according to Forbes ranking, 2012. In 2015, he was ranked at no. 10th position in The World’s Billionaires list published by Forbes magazine with a net worth of US$2.5 billion. In 2017, he has been ranked at no. 15th position in the World’s Billionaires list published by Forbes magazine with a net worth of US$3 billion.
Khawaja Muhammad Asif
With a net worth of Rs. 23 billion, Khawaja Muhammad Asif, who also hails from Punjab, has been elected as Pakistan’s Minister of Defense by PM Nawaz Sharif. He started his career as a lawyer and was active in politics since 1985. In 1989 he was elected to lead PML(N) for Lahore and retained his position till 1996. After serving as a member of the National Assembly for three consecutive terms.
He successfully managed to get re-elected from the NA-110 constituency. He served as Defence Minister from 2008 to 2011 under Yousaf Raza Gillani’s government when he was removed due to corruption charges against him by Imran Khan’s led PTI party. His name cropped up again in the Panama Papers case that involved offshore companies owned by Pakistani politicians.
According to these documents, Asif had an undeclared property worth $60 million located at Park Lane, London. But after investigation, it was revealed that Mr. Asif didn’t own any property outside Pakistan and all allegations were false. Mr. Asif is currently facing trial on charges of corruption leveled against him by PPP co-chairman Asif Ali Zardari and other members of opposition parties like Bilawal Bhutto Zardari and Aitzaz Ahsan.
Azam Khan Durrani
Owner of a precious stone mine, worth US$ 2.2 billion, and also owns Durrani Empire Group Ltd. Fauji Foundation: Worth US$ 1.4 billion, his empire of projects includes business ventures like production of cement, sugar, real estate development, and stock exchange trading. Dost Mohammad Khan: Founder and owner of Cholistan Development Authority; his net worth is estimated at around US$ 2 billion.
His business interests include power generation, agriculture, and dairy farming. Abdul Hameed Dogar: He heads Allied Bank Limited with an estimated net worth of US$ 1.3 billion. His other assets include textiles manufacturing and sales company, Sohrab Goth Textile Mills Company Limited, among others.
Through his company Consolidated Contractors Company (CCC), Pervez has held major contracts with several governments throughout Asia including Saudi Arabia and Oman. Assembly: You are free; you are free to go to your temples.
You are free to go to your mosques or any other place of worship in this State of Pakistan. He died 10 months later on Sept. 11 from tuberculosis and lung cancer at age 71; some say that shortly before his death he converted back to Hinduism because Islam forbids conversion from Islam.
Also Read: How Can I Become Wealthy?
Conclusion
According to Forbes, Mian Muhammad Mansha tops Pakistan’s billionaire’s list with a net worth of $5.6 billion. He currently owns multiple companies including Engro Fertilizers and Chemicals Limited, one of Pakistan’s largest agrochemical companies.
The empire he inherited from his father has been turned into a multibillion-dollar empire that includes businesses as diverse as sugar refineries and cement manufacturing plants across Asia and the Middle East to South America.
Mian Muhammad Mansha’s son was once listed among Asia’s 50 richest individuals by Forbes after he had taken over his father’s company but lost most of his fortune during an Asian financial crisis.
