By Ayesha Hoda
When you think of ultra-high-net-worth Pakistanis and their sprawling business empires, names such as House of Habib, Schön Properties, Hashoo Group, Nishat Group and various others spring to mind.
They are a diversified group comprising top politicians, seasoned industrialists and visionary entrepreneurs, with extraordinary focus and drive, who have made savvy investments and well-timed deals.
If you are curious about who has made it to the top of the list this year, here is the latest ranking and a brief profile of the ten wealthiest Pakistanis:
10) Rafiq Habib
As Chairman of Habib University Foundation and former head of the House of Habib, Rafiq Habib has soared to the top ten.
Hailing from a prominent business family, Rafiq has made strides in every sphere that he has touched. The Habib Group has booming business concerns in banking and finance, automotive, manufacturing, oil and gas, information technology and education sectors.
Net Worth: $900 Million
9) Chaudhry Family
The Chaudhry Family ranks ninth in this list and their wealth stems from the Bahawalpur based Chaudhry Group of Industries. Their diversified business empire includes the production of textiles, sugar, chemical, auto car wash machinery and steel, and Nestlé plants.
Net Worth: $910 Million
8) Danial Schön
Danial Schön is a member of the Schön family and the President of Schön Properties, which is the UAE based division of the Schön Group, a multi-diversified business enterprise.
A business graduate from the Kelly School of Business (USA), Danial Schon joined the company in 2005. He has made a name for himself in the real estate world due to his strong business acumen and remarkable managerial skills. At the young age of twenty-one, Danial Schön executed a $25 Million in his very first deal and has since helped rapidly expand the portfolio of Schön Properties.
Under Danial Schön’s leadership Schön Properties delivered completion of Schön Business Park and has now launched iSuites Hotel Apartments strategically located next the Dubai Expo 2020 site. Currently, he is the eighth richest Pakistani and resides in Dubai.
Net Worth: $1 Billion
7) Malik Riaz Hussain
Real Estate tycoon, Malik Riaz Hussain is the founder/chairman of Bahria Town.
Born in Sialkot, Malik witnessed the bankruptcy of his once wealthy family and started working as a clerk at the age of nineteen in a construction company. He then went on to become a contractor and eventually developed gated communities, establishing his own real estate company, which helped him amass an enormous fortune.
Bahria Town Group now employs more than 60,000 people and has housing and other real estate projects in Karachi, Lahore, Islamabad, Rawalpindi and Murree.
Net Worth: $1.1 Billion
6) Saddaruddin Hashwani
The sixth wealthiest person in Pakistan, Saddaruddin Hashwani is the founder/chairman of Hashoo Group. He founded Pakistan’s largest cotton trading company in 1960, which was nationalized in the 1970s.
After that, he ventured into the hospitality business which worked out quite well for him. He launched Holiday Inn Hotel (rebranded as Marriott) and bid for the shares of four Intercontinental Hotels (rebranded as Pearl Continental), which are now successful hotel chains in Pakistan.
Saddaruddin Hashwani’s Hashoo Group is now a diversified industrial group which includes operations in property development, hospitality, energy, commodities and manufacturing sectors.
Net Worth: $1.1 Billion
5) Nawaz Sharif
Nawaz Sharif is an industrialist and the current Prime Minister of Pakistan.
Nawaz was born in the wealthy Sharif family, with his father being one of the founders of Ittefaq Group, which produces steel, paper, textiles and sugar.
He studied business and law, and in 1981 was appointed as the Minister of Finance for Punjab. He also served the Chief Minister of Punjab in the 1980s and as the Prime Minister in the 90s.
Nawaz Sharif and his family own properties in Pakistan, UK, Saudi Arabia and the UAE, and have investments in several offshore companies. They also own many agricultural assets.
Net Worth: $1.4 Billion
4) Sir Anwar Pervez O.B.E.
Sir Anwar Pervez is a British-Pakistani business magnate, who was born in a village of Gujar Khan. He moved to the UK at the age of twenty-one and worked in blue collar jobs initially.
Sir Anwar Pervez opened his first convenience store in 1963 and then rapidly expanded the business. By the 70s, he was running eleven such stores in London.
In 1976, he founded Bestway Group, opening its first cash and carry (wholesale) store. Since then, the Bestway Group has grown to become the seventh-largest family-owned business in the UK. The Group is known for its Cash & Carry business, Well Pharmacy, cement plants and as the second largest shareholder of United Bank Limited.
For his contributions, Sir Anwar Pervez has received many awards including Order of the British Empire (O.B.E.) in 1992 and Knighthood in 1999.
Net Worth: $1.67 Billion
3) Asif Ali Zardari
Politician and former president of Pakistan, Asif Ali Zardari is the third richest man in the country. Born in Karachi to a wealthy tribal leader in Sindh, Asif Ali Zardari was married to Benazir Bhutto, who was the Prime Minister of Pakistan in the 1990s and assassinated in 2007.
Zardari was also the country’s first elected president to complete his term of office. His fortune comes from sugar mills, properties/real estate and investments in other businesses in the Middle East, USA and UK.
Net Worth: $1.8 Billion
2) Mian Muhammad Mansha
Mian Muhammad Mansha was born in an affluent Chinioti family, which founded the Nishat Group.
Mansha studied in the UK and then returned to Pakistan to jump aboard his family business. Currently he is the business leader of several big companies as the owner of Nishat Group, Muslim Commercial Bank, Adamjee Group and Nishat Chiniot Power.
In 2012, he was invited for a special lunch with the Financial Times (UK), becoming the only Pakistani to be selected for this honour.
Net Worth: $2.6 Billion
1) Shahid Khan
Amongst 180 million+ Pakistanis in the world, engineer Shahid Khan has the deepest pocket, despite humble beginnings.
Born in a middle class family, Shahid moved to the United States at the age of sixteen and studied at the University of Illinois Urbana-Champaign. Today, he is known in the auto world for his innovative design of a one-piece truck bumper (which eventually became the industry standard) and as the President/Owner of Flex-N-Gate, an auto parts maker supplying to more than 40 car brands.
He is also the proud owner of Jacksonville Jaguars of the National Football League (the first minority immigrant owner) and of the English Premier League’s Fulham FC. He has been featured on the cover of Forbes magazine as the face of the American Dream.
Net Worth: $8.4 Billion