Pakistan has faced numerous challenges such as terrorism and a lack of continuous development, which has hindered the country’s progress. Despite this, the nation has given birth to some of the richest men in the world. The country’s landscape and resources provide a myriad of opportunities to make a fortune, and cheap and plentiful labor drives costs down, benefiting businessmen with large-scale operations. The top 10 richest men in Pakistan have achieved great success through their businesses and investments, accumulating massive wealth that places them among the elite class of individuals in the country.
Although the majority of Pakistan’s population falls into middle and lower-income groups, a few individuals have managed to amass significant wealth through their hard work and dedication. The top 10 richest men in Pakistan have made their global presence felt, demonstrating the potential for growth and development within the country. Pakistan is a nation with remarkable resources and opportunities, which could make anyone a billionaire or millionaire if they manage the resources with full devotion and hard work.
Table of Contents
List of Top 10 Richest Men In Pakistan
Shahid Khan is a Pakistani-American billionaire businessman and sports tycoon. He is the owner of Flex-N-Gate, an American supplier of motor vehicle components, and the Jacksonville Jaguars of the National Football League (NFL). Khan has a net worth of $12 billion. He was born on July 18, 1950 in Lahore, Punjab, Pakistan to a middle-class family involved in the construction industry. As a teenager in 1967, Khan moved to the United States to attend the University of Illinois at Urbana–Champaign. There, he earned his Bachelor of Science degree in industrial engineering in 1971. When he moved to the US, he had $500 to his name.
Khan’s design for a one-piece truck bumper was revolutionary and led him to start his own company called Bumper Works in 1978. He later bought Flex-N-Gate from his former employer in 1980. The majority of Khan’s fortune is derived from his sole ownership of Flex-N-Gate. In addition to owning the Jacksonville Jaguars, Khan also owns Fulham F.C., an English football club that competes in the English Football League Championship (EFLC).
Sir Mohammed Anwar Pervez OBE, HPk is a Pakistani-born British billionaire businessman and former bus conductor and driver. He is the founder and chairman of Bestway Group, which has diversified into milling of food staples, cement manufacturing, real estate management, and banking. Sir Anwar began his career in the food business in 1963 when he opened a mini supermarket in Earls Court, London. Under Sir Anwar’s leadership, Bestway Group has grown to be a multibillion-pound enterprise. As of 2014, Bestway is the second-largest independent wholesaler in the UK.
Sir Anwar Pervez was born on March 15th, 1935 to a subsistence farming family in Rawalpindi. He did his matriculation in Pakistan and studied at Forman Christian College. In 1956, he moved to the UK at the age of 21. In March 2000, Sir Anwar Pervez was awarded Hilal-E-Pakistan by the Pakistani Government for services to the Pakistani nation. In recognition of Bestway Group’s role in the aftermath of the 2005 earthquakes, Sir Anwar Pervez was awarded Sitara-e-Essar by the President of Pakistan.
According to The Sunday Times Rich List for 2020, Sir Anwar Pervez’s net worth was £3.1 billion ($3.75 billion), making him the richest Pakistan-born Briton in the UK. The list for 2021 gave his family’s assets as £1.364 billion ($1.63 billion) and placed them at number 125 on the list.
Mian Muhammad Mansha
Mian Muhammad Mansha is a Pakistani business magnate and billionaire. He is the founder and CEO of the Lahore-based international conglomerate Nishat Group. Mansha and some of his immediate family members are among the richest and highest tax-paying individuals in Pakistan. His current net worth is $5 billion. He owns several expensive offshore properties, including an estate in London.
Mansha was born in 1947. His father owned a cotton mill, which he turned into a billion-dollar enterprise. He runs a textile business named Nishat Textiles Mills. He also has interests in banking, insurance, cement, and power. In 2005, he emerged as the richest Pakistani. In 2010, he received a place on Forbes’ list of the world’s richest men – he was at number 937. Since he is the richest Pakistani, he is called the Ambani of Pakistan.
Mansha’s name appeared in Paradise Papers in November 2017 having a link to offshore companies. As per extimation, his net worth is $100 million per year: $20 million; per month: $2 million; per week: $500,000; per day: $70,000; per hour: $3,000; per minute: $50; per second: $1.00.
Sadruddin Hashwani is the owner of Marriott and Pearl Continental Hotels across Pakistan. He is ranked third in the list of top 10 richest Pakistani men, with a net worth of $3.4 billion. Hashwani is also the chairman of Hashoo Group which has large investments in pharmaceuticals, oil & gas, tourism, real estate development and IT. He is a self-made billionaire who started his career as a cotton trader in Karachi.
Asif Ali Zardari
Asif Ali Zardari is a Pakistani politician who served as the 11th president of Pakistan from 2008 to 2013. He was the co-chairperson of Pakistan People’s Party and is currently the president of Pakistan Peoples Party Parliamentarians.
Zardari served as Member of the National Assembly from 1990-93 and 1993-96, Federal Minister for Environment from 1993-96, Federal Minister for Investment from 1995-96, Senator from 1997-99, Co-Chairman of Pakistan Peoples Party following the assassination of his wife Benazir Bhutto in January 2008, and President of Pakistan starting September 6th, 2008.
As of January 9, 2023, his net worth is $1.8 billion. Most of his fortune comes from sugar mills across Pakistan, as well as other businesses he has stakes in.
Malik Riaz, a renowned Pakistani businessman, is the proud owner of Bahria Town, the largest private real estate company in Asia. With an estimated net worth of between $1.1 billion to $1.5 billion. He is considered one of the elite class businessmen in Pakistan. Despite facing numerous challenges throughout his career, Malik Riaz has always been committed to advancing the betterment of society. Notably, he is recognized for his philanthropic work and generous financial support to those in need, demonstrating his strong dedication to improving the lives of others.
According to the Election Commission of Pakistan, Nawaz Sharif’s net worth is at least Rs. 1.75 billion (equivalent to Rs. 8.9 billion or US$39 million in 2021). Most of his wealth originates from his businesses in steel construction. Meanwhile, Nawaz Sharif’s actual net worth is approximately $1.6 billion. He has served as the Prime Minister of Pakistan for three non-consecutive terms and has served more than nine years as Pakistan’s prime minister.
Nasir Schon is a Pakistani businessman who owns Schon Properties and is in charge of many of the companies that make up the Schon Group. He was born on November 8, 1957 in Pakistan. Nasir completed his graduation from New York University. He is the first Pakistani to own a Rolls-Royce. At the age of 64, his net worth in 2023 is $1 billion.
Nasir Schon has received many awards including CNBC Arabian Property Award and the Bestway Office Design Award. He is one of Pakistan’s richest people and comes in at number eight on the list with a net worth of $1 billion.
Rafique M . Habib
Rafiq M. Habib is one of the richest and wealthiest Pakistani entrepreneurs, head of the House of Habib Indus Motors Company. According to Wikipedia, Rafiq M. Habib is ranked 10th on the list of Pakistanis by net worth with a net worth of $950 million in 2020. He is the founder of Thal Ltd., Chairman for Shabbir Tiles & Ceramics Ltd., Chairman of Habib Insurance Co. Ltd., Chairman of Thal Ltd., and Group Chairman at House of Habib (Pvt) Ltd..
Rafiq M. Habib serves as the Chairman of the Board for Habib University, which governs the university and exercises general supervision over its affairs and management subject to its assigned charter.
Tariq Saigol is a business tycoon who heads up 12 major companies operated by the family-owned conglomerate company, Saigol Group (or Kohinoor group, as it’s sometimes referred to). According to marketscreener.com, Saigol currently holds the position of Chairman for Kohinoor Textile Mills and President and CEO of Zimpex Pvt Ltd., among others. As a member of Pakistan’s richest industrial family, Saigol may have been born with a silver spoon in his mouth but his successful management of the Kohinoor Group has ensured his inheritance isn’t his only source of wealth. His net worth is currently estimated to be $850 million.