With their talents, contributions, and experiences, many people in our nation have helped to make Pakistan one of the world’s emerging countries. Pakistan is not included in the list of wealthy nations since it is a target of terrorism and lacks continuous progress. Pakistan, on the other hand, is one of the world’s poorest countries. In Pakistan, however, there are still a few wealthy individuals. Here is a list of Pakistan’s top ten wealthiest persons in 2023.
1. Mian Muhammad Mansha Yaha Pakistan
- Ranking: 1
- Worth: £1.25b
- ($2.5billion) Industry: Businessman
Around 40 businesses have signed up with Mansha. Mansha, who also runs the Muslim Commercial Bank. He is among Pakistan’s wealthiest citizens. In 1970, the Nishat Group ranked 15th in the country’s wealth, 6th in 1990, and first in 1997. Mansha now serves on the boards of approximately 50 businesses. He is said to have invested in a variety of Pakistani and international stock markets, currency and metal exchanges.
He also had the option of purchasing the United Bank, but who doesn’t have rivals? Textiles, cement, leasing, insurance, and management businesses make up the Nishat Group. The assets of the Nishat group are $4.4 billion dollars. His friend’s think he is the wealthiest Pakistani they know, despite the fact that he does not ‘show it off.’
2. Asif Ali Zardari Pakistan
- Ranking: 2
- Worth: £900m ($1.8billion)
- Industry: Politics
Zardari’s holdings are easily worth hundreds of millions of dollars, including eight prime homes in the United Kingdom, including the famed Rockwood Estate 365 acres in Surrey, valued £4.35 million, which has recently been sold and the proceeds returned to the Pakistani government. In addition, he owns 14 multi-million dollar houses in the United States, including the Holiday Inn hotel in Houston, Texas, which is owned by ‘Mr 10%,’ Iqbal Memon, and Sadar-ud-Din Hashwani. Sakrand Sugar Mills in Nawabshah, Ansari Sugar Mills in Hyderabad, Mirza Sugar Mills in Badin, Pangrio Sugar Mills in Thatta, and Bachani Sugar Mills in Sanghar are only a few of Mr Zardari’s sugar mill holdings.
3. Sir Anwar Pervaiz
- Ranking: 3
- Worth: £750m ($1.5billion)
- Industry: Businessman
Bestway Group’s Chairman. The Bestway Group began in 1976, with the opening of its first cash and carry warehouse in London. They now have roughly 50 Cash and Carry locations. This includes their recent £100 million acquisition of competitor Batleys. In 1995, the Bestway Group entered Pakistan’s burgeoning cement industry, investing $120 million in a cement manufacturing plant.
The Bestway Group now has holdings in cash and carry wholesale, real estate ventures, retail outlets, rice, lentils, and pulses milling, cement manufacture, and, more recently, banking. The overall revenues of the company exceeded £ 2 billion.
4. Nawaz Sharif & Shahbaz Sharif family
- Ranking: 4
- Worth: £700m ($1.4billion)
- Industry: Politics/Businessman
Mr. Sharif is a former Pakistani Prime Minister who transitioned from a businessman to a politician. In 1999, he was deposed by a military coup and was forced to lose $9 million in assets, including his $5 million mansion in Raiwind, near Lahore. Prior to becoming Prime Minister, he was a prominent shareholder in Ittefaq Group, together with his brother and cousins, with holdings in excess of £50 million in the 1990s. He is most known globally for authorizing Pakistan’s nuclear testing in 1998 in reaction to India’s nuclear tests, as well as for General Pervez Musharraf’s spectacular coup that ended his final tenure.
5. Saddaruddin Hashwani Pakistan
- Ranking: 5
- Worth: £550m ($1.1billion)
- Industry: Businessman, Hotel Tycoon
Chairman Saddaruddin Hashwani The Hashoo Group is most recognised for its domination in Pakistan’s hotel sector, but Hashwanis also have a strong presence in the real estate market. Hashwanis are active in cotton, grain, and steel dealing, and they were termed the Cotton Kings of Pakistan until the nationalization of cotton export in 1974. This company now excels in the export of rice, wheat, cotton, and barley. It has invested billions in mining, minerals, hotels, insurance, batteries, tobacco, residential properties, construction, engineering, and information technology, among other things. Together, they are in charge of about 45 businesses. The second Hashwani Group is led by Akbar. He is one of Pakistan’s most well-known businessmen and a frequent visitor to the Diplomatic Enclave.
6. Nasir Schon & family
- Ranking: 6
- Worth: £500m
- ($1billion) Industry: Businessman
Nasir Schon is the CEO of the Schon Group and a notable business leader in Pakistan. Nasir Schon is the son of PIA ex-pilot Captain Ather Schon Hussain. The Schon family is one of Pakistan’s few successful Muhajir Urdu commercial families. Nasir Schon is also noted for being one of the first persons in Pakistan to acquire a Rolls-Royce. Schon Group is the only company in Pakistan to pay the government more than 3 billion rupees ($65 million) to return from exile. Nasir Schon was able to develop enterprises in Dubai as a result of his residence there.
7. Abdul Razzaq Yakoub & family
- Ranking: 6 (tied at 6)
- Worth: £500m
- ($1billion) Industry: Businessman
Mr Yakoub is a well-known Pakistani businessman who lives in Dubai. He is the CEO and President of the ARY Group ($1.5 billion in revenue) as well as the World Memon Organization (WMO). He is one of Pakistan’s most powerful media moguls, with a total of seven networks under his control. Aside from that, he owns approximately $200 million in real estate in Karachi, Islamabad, and Dubai. He is a prominent player in the gold business, with roughly 20 locations across Asia.
8. Rafiq Habib & Rasheed Habib Pakistan
- Ranking: 7
- Worth: £450m ($900) Industry
Legend has it that the Goddess of Wealth has been in love with the seasoned Habibs more than anybody else in Pakistan. This industrial group was founded by Seth Habib Mitha, born in 1878 to Esmail .Ali-a factory owner in Bombay.. They had offices in Europe in 1912. They incorporated the Habib Bank in 1941. They own the Habib Bank A.G Zurich, Bank Al-Habib, Indus Motors assembling Corolla cars and many dozens of units in sectorssuch as jute, paper sack, minerals, steel, tiles, synthetics sugar, glass, construction, concrete, farm autos, banking, oil, computers, music, paper, packages, leasing and capital management.
9. Tariq Saigol & Nasim Saigol Pakistan
- Ranking: 8
- Worth: £425m ($850) Industry:
Hailing from Jhelum. The pioneer of the Saigol dynasty in 1890 was Amin Saigol who established a shoe shop that eventually transformed into Kohinoor Rubber Works. The name of the Saigols has been used in this part of the world as similes describing quantum of wealth. In 1948, Saigols established the Kohinoor Textile Mills with a cost of Rs 8 million and this group happens to be the first to open an LC with the State Bank of Pakistan. Tariq is the one of the finest business brains around.
10. Malik Riaz Hussain Pakistan (Bahria Town Fame)
- Ranking: 9
- Worth: £400m ($800)
- Industry: Businessman
Malik Riaz Hussain heads the massive project which is currently developing state-of-the- art schemes in Lahore, Karachi and Rawalpindi/Islamabad. Emerging out of the blue, this developer has reportedly developed tremendous connections where it matters in Pakistan-One of the few reasons why his constructed projects get completed in time without hindrance. Whether he has gifted bungalows free of cost of country’s bigwigs or offered them at highly concessional rates, the reality on the ground is that Malik has managed to mesmerize most through his generous wallet. His land-holdings are both within and outside Pakistan amounts to nearly a billion dollar. He is the man behind the Bahria Town. Irrespective of who is in power; he continues to build house after house-swelling his wealth. He is also the first man to drive a Bentley car on Pakistani soil.