Top 10 Richest people of Pakistan 2014
Who might think that a poor country like Pakistan would be home of some of the richest people on the planet? Pakistan is known to be a poor country with a sad economic situation due to political instability and corruption resulting in meager foreign investment. With a fast depreciating Pakistani Rupee, high inflation rates soaring at over 10% and a decline in GDP growth by nearly 1% in 2014, it is the common man in Pakistan who bears this economic brunt resulting in an increase in national poverty rates.
However, as ‘every cloud has a silver lining’, all is not bad for Pakistan. Pakistan also hosts some very rich people. See this list to find out who-is-who in the richest people of Pakistan in 2014.
10. Tariq Saigol
Based in Lahore, Tariq Saigol inherited his wealth from the wealthy Saigol Family. The Saigols also have good relations with the Mansha family. Tariq Saigol boasts a net worth of over $850 million and his sources of income include successful ventures like the Kohinoor Textile Mills and Maple-Leaf Cement.
9. Malik Riaz Hussain
Any discussion about Malik Riaz is incomplete without the mention of Bahria Town which happens to be Asia’s biggest real estate enterprise. Malik Riaz lives near Islamabad and his connections with the leading politicians in Pakistan helped him achieve the stature of a real estate tycoon having a net worth of over $900 million. Interestingly, Malik Riaz launched his business with a capital of $15 and his current fortune speaks itself for his success.
8. Abdul RazzakYaqoob
Initials of the famous ARY Group in Pakistan are based on the name of Abdul Razzak Yaqoob. His success in martialling the ARY Group in the media, real estate, and gold industries allowed him to accumulate a net worth of$1 billion while contributing significantly in the Pakistani economy. He belongs to the Memon cast of Pakistan who are famous for their business acumen.
7. Nasir Schon
Residents of Clifton, Karachi are very familiar with the Nasir Schon due to ‘Schon Circle’, an area named after his group. Nasir Schon is also among the first in Pakistan to own a Rolls-Royce. All this does not look surprising after glancing through his fortune of $1 billion and highly successful ventures in the Real Estate and Fertilizer business in Pakistan. He is the CEO of Schon Group at the age of 55 and is ranked seventh in our list of the top 10 richest people of Pakistan in 2014.
6. Sadruddin Hashwani
When it comes to the hospitality business in Pakistan, Hashoo Group tops the list. The Chairman of the successful Hashoo Group of Pakistan, Sadruddin Hashwani, is the oldest among the Pakistan’s richest at the age of 71 years. Hashwani made his fortune of over $1.1 billion from a range of industries including the hospitality industry. The Hashoo Groupis also the proud owner of successful hotels in Pakistan including Pearl Continental and Marriott Hotels which act as major contributions to his fortune.
5. Nawaz Sharif
Known as the “Tiger of Punjab”, Nawaz Sharif is the current prime minister of Pakistan. Nawaz belongs to Punjab, the largest province in Pakistan in terms of population. At the age of 64, Nawaz is a successful industrialist and has made his fortune by operating in the food and steel industries. With a net worth of $1.4 billion, Nawaz is the fifth richest person in Pakistan in 2014.
4. Sir Anwar Pervez
A British national with Pakistani origin, Anwar Pervez migrated to UK and established a highly successful convenience store chain named Bestway. Anwar Pervez’s success did not stop there as he moved on to secure controlling shares of United Bank Limited, a highly successful bank in Pakistan. With a net worth of $1.5 billion, Sir Anwar Pervez is fourth in this list of the top 10 richest people of Pakistan in 2014.
3. Asif Ali Zardari
The former president of Pakistan, Asif Ali Zardari, originates from Nawabshah and boasts an impressive net worth of $1.8 billion. In spite of allegations of corruption and famous for the title of ‘Mr. 10%’, Asif Ali is a successful businessman with income sources ranging from real estate and agriculture. He is not only famous in Pakistan for his political career, but also ranks as number three in the top 10 Richest people of Pakistan in 2014.
2. Mian Muhammad Mansha
A resident of Lahore having net worth of over $2.5 billion, Mian Muhammad Mansha ranks second in the top 10 Richest people of Pakistan in 2014. A successful business tycoon having made a renowned contribution to the Pakistani economy, Mansha is the proud owner of a range of businesses belonging to banking, textile, insurance, and power sectors. Mansha is also among the top 1000 richest people in the world.
1. Shahid Khan
An American with Pakistani origins, Shahid Khan is a famous entrepreneur and sports fan with a staggering net worth of over $3.8 billion. Also known as Shad Khan, he ranks high up at 122 in the Forbes list of richest Americans. At the age of 62, Shahid Khan is the proud owner of high income sources like Flex-Gate, a successful auto-parts manufacturing company and Jacksonville Jaguars team in the football arena. Shahid ranks top most in our list of Top 10 Richest people of Pakistan in 2014.