Despite Pakistan’s challenges as one of the poorest countries in the global ranking, many individuals have helped Pakistan become a developing country through their skills and contributions. In this article, we will discuss the top 10 richest men in Pakistan, highlighting their net worth and diverse sources of income. These notable individuals have played a significant role in national progress, standing out as some of the richest people in Pakistan despite its economic struggles.
The wealth of a few can spark the progress of a nation, even in the face of economic hardship.
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Top 10 Richest men in Pakistan
| Rank | Name | NetWorth | Industry | Key Achievements |
| 1 | Shahid Khan | $12 billion | Sports, Automotive | Owner of Flex-N-Gate, Jacksonville Jaguars (NFL) |
| 2 | Mian Muhammad Mansha | $4 billion | Textiles, Banking | Founder of Nishat Group; pivotal in banking and energy |
| 3 | Asif Ali Zardari | $1.8 billion | Real Estate, Agriculture | Real estate ventures and agriculture investments |
| 4 | Sir Anwar Pervez | $1.6 billion | Wholesale, Cement | Bestway Group, cement and wholesale businesses in the UK |
| 5 | Malik Riaz | $1.4 billion | Real Estate | Founder of Bahria Town, largest private real estate group |
| 6 | Syed Babar Ali | $1.2 billion | Consumer Goods, Education | Co-founder of Packages Ltd. and Lahore University of Management Sciences (LUMS) |
| 7 | Tariq Saigol | $1 billion | Textiles, Cement | Owner of Saigol Group, a leader in textiles |
| 8 | Rafiq Habib | $900 million | Banking, Construction | Habib Group, financial services and construction |
| 9 | Nawaz Sharif | $1.5 billion | Steel, Politics | Ittefaq Group, former Prime Minister |
| 10 | Nasir Schon | $1 Billion | Real Estate | Schon Group and Real Estate Investments |
1. Shahid Khan – The Global Visionary
Shahid Khan, originally from Pakistan, is now the richest man in Pakistan and a billionaire living in the United States. His journey to success started when he moved to the US for college and worked his first job washing dishes. He later got a job at a car manufacturing company and eventually bought that same company, Flex-N-Gate Corporation.
With hard work and determination, he grew the company into a global business with 69 plants and over 24,000 employees in countries like China, Germany, Argentina, Spain, and Canada.
In addition to his car bumper business, Khan bought the NFL’s Jacksonville Jaguars and the UK’s Fulham football club, expanding his influence worldwide. His story shows how dedication and smart decisions can lead to global success.
Key Fact: Khan’s Flex-N-Gate supplies parts to most major car manufacturers, and his ownership of sports teams extends his influence across continents.
| Source of Income |
Jacksonville Jaguars, Flex-N-Gate, Fulham F.C., All Elite Wrestling, Toronto Four Seasons |
| Net Worth | $12.9 Billion |
| Date of Birth | July 18, 1950 (Age 73) |
| Place of Birth | Lahore, Punjab, Pakistan |
| Nationality | Pakistani-American |
2. Mian Muhammad Mansha – The Industrial Titan
Mian Muhammad Mansha is a well-known businessman and one of the richest men in Pakistan. He turned his family’s textile business, Nishat Mills, into the famous Nishat Group, which is a leader in the textile industry and more. After studying in the United Kingdom, he returned to Pakistan to become the CEO and founder of Nishat Group.
Mansha has also started several important companies, including Nishat Hotels, Adamjee Group, MCB Bank, DG Khan Cement, Emporium Mall, Nishat Motors, and Nishat Chunian Group. His hard work and success earned him the Satara Imtiaz award in 2004.
Additionally, he is a board member of many commercial organizations, showing his important role in helping Pakistan’s economy grow.
Recent Development: Mansha has significantly expanded his energy projects, pushing Pakistan toward renewable energy sources.
| Source of Income |
MCB Bank, DG Khan Cement, Emporium Mall, Adamjee Group, Chairman of Nishat Chunian Group, Nishat Group, Nishat Hotels, Nishat Hyundai Motors in Faisalabad. |
| Net Worth | $2.8 Billion |
| Date of Birth | 1941 (Age 82) |
| Place of Birth | Chiniot, Punjab, Pakistan |
| Nationality | Pakistani |
3. Asif Ali Zardari – From Politics to Business
Asif Ali Zardari, born on July 26, 1955, is a well-known person in Pakistan who has moved from politics to business. He was the 11th president of Pakistan from 2008 to 2013, making him the first president born after the country gained independence. Zardari is a co-chairperson of the Pakistan People’s Party and has held important roles like the Federal Investment Minister and a member of the Pakistan Environmental Protection Council.
He is also a controversial figure, facing charges of corruption and money laundering. As a billionaire and the widower of former Prime Minister Benazir Bhutto, Zardari has significantly impacted Pakistan’s politics.
As of August 2023, he is still a member of the National Assembly of Pakistan, involved in various political activities despite his mixed reputation. His journey shows how politics and business can connect in Pakistan.
Interesting Insight: Despite the political controversies, Zardari has remained a powerful player in Pakistan’s business landscape, often blending his political connections with his business interests.
| Source of Income | Earnings from agricultural enterprises, rental income from properties, and pension from his term as President. |
| Net Worth | Approximately $1.93 Billion, reflecting his extensive business ventures and political career. |
| Born In | 26 July 1955 (Age 68) |
| Birth Place | Karachi, Pakistan |
| Nationality | Dual citizenship: Pakistani and British |
4. Sir Anwar Pervez – From Storekeeper to Billionaire
Anwar Pervez, born on March 15, 1935, in Rawalpindi, is an inspiring entrepreneur who went from being a storekeeper to a billionaire. When he was 21 years old, he moved to England to find better opportunities. He started by working different jobs, like a telephone operator and bus conductor. In 1963, he opened his first convenience store called Kashmir in London’s Earls Court, which he later renamed Bestway.
Over the years, Bestway grew a lot and now has 18% of the total market share in the UK, making it worth billions. Anwar has received many awards for his work, including the Order of the British Empire and Knight Bachelor in the UK, as well as the Hilal-e-Pakistan Award from the President of Pakistan.
His story shows how hard work and vision can lead to great success and recognition both at home and abroad.
Notable Fact: Sir Anwar Pervez was knighted in the UK for his services to the British economy and philanthropy.
| Primary Sources of Income | Chairman of Bestway Group, Founder of Batleys Ltd., and Owner of various real estate and furniture ventures |
| Estimated Net Worth | $4.72 billion |
| Date of Birth | March 15, 1935 |
| Place of Birth | Rawalpindi, formerly British India (now Pakistan) |
| National Identity | Holds British and Pakistani citizenship |
5. Malik Riaz – The Real Estate Icon
Malik Riaz Hussain, born in Rawalpindi, started his career as a clerk in a construction company. After learning from this job, he decided to start his own construction company in the 1980s. His first big project was building a community center for naval workers, which he named Bahria. This later grew into Bahria Town, the biggest real estate developer in Asia.
Today, Bahria Town housing communities are found in major cities of Pakistan like Rawalpindi, Lahore, Islamabad, and Karachi.
Besides his business success, Malik Riaz is also involved in charity work, helping people with his wealth. His journey shows how hard work and dedication can turn humble beginnings into huge achievements.
New Project: Bahria Town Karachi 2 is set to redefine luxury living in the city, with an investment worth billions.
| Primary Income Source |
Bahria Town, IT Business Investments |
| Net Worth | $1.55 Billion |
| Born | February 8, 1954 (Age 69) |
| Citizenship | Pakistani |
| Place of Birth | Sialkot, Punjab, Pakistan |
6. Syed Babar Ali – The Pioneer in Education and Business
Syed Babar Ali is a renowned figure in Pakistan, known for his significant contributions to both education and business. Born in Lahore, he co-founded Packages Limited, one of the largest packaging companies in the country. His entrepreneurial spirit didn’t stop there, as he also played a crucial role in establishing Nestlé Pakistan.
Beyond business, Syed Babar Ali is deeply committed to education. He founded LUMS (Lahore University of Management Sciences), one of Pakistan’s top educational institutions. His efforts in education and business have earned him great respect, making him a pioneer in shaping both sectors in Pakistan.
Legacy: His impact goes beyond business; his vision for education has shaped the careers of thousands of young leaders.
| Primary Income Source |
Packages Limited, Nestlé Pakistan, LUMS Founder |
| Net Worth | $330 Million (estimated) |
| Born | 1926 (Age 97) |
| Citizenship | Pakistani |
| Place of Birth | Lahore, Punjab, British India (Now Pakistan) |
7. Tariq Saigol – The Textile Leader
Tariq Saigol is a well-known leader in Pakistan’s textile industry, respected for his role in growing the sector. He comes from an influential industrial family in Lahore and leads the Kohinoor Group, one of the biggest textile manufacturers in Pakistan.
With a strong understanding of the textile business, he played a major role in boosting Pakistan’s economy.
Under his guidance, the Kohinoor Textile Mills and Kohinoor Maple Leaf Group expanded into other fields like cement and energy. His forward-thinking approach has made him a key figure in the country’s business world.
Current Focus: Saigol has been focusing on expanding his operations in the cement sector to meet Pakistan’s growing infrastructure needs.
| Primary Income Source |
Kohinoor Group, Kohinoor Textile Mills |
| Net Worth | $280 Million (estimated) |
| Born | 1954 (Age 69) |
| Citizenship | Pakistani |
| Place of Birth | Lahore, Punjab, Pakistan |
8. Rafiq Habib – The Financial Powerhouse
Rafiq Habib is a prominent figure in Pakistan’s financial sector, known for his expertise in banking and investment. He hails from a respected family in Karachi and is the chairman of the Habib Group, a major player in the banking industry. With extensive knowledge of the financial landscape, he has significantly contributed to the growth of Pakistan’s economy.
Under his leadership, the Habib Bank Limited has expanded its services, enhancing access to banking for many. His innovative strategies and commitment to excellence have established him as a leading force in the nation’s business community.
| Primary Income Source | Habib Group, Habib Bank Limited |
| Net Worth | $320 Million (estimated) |
| Born | 1949 (Age 74) |
| Citizenship | Pakistani |
| Place of Birth | Karachi, Pakistan |
9. Nawaz Sharif – The Steel King
Mian Muhammad Nawaz Sharif is a well-known businessman and politician from Pakistan. He was born in Lahore into a rich millionaire family. He started his career by working in the family business, which helped him succeed later on. Nawaz Sharif has served as Prime Minister three times, playing an important role in the country’s politics.
He is famous for leading the Ittefaq Group and the Sharif Group, both important companies in Pakistan. However, he faced big problems when he was removed from office because of his links to the Panama Papers, which led to a 10-year prison sentence.
After some legal issues, he was allowed to go to London for medical treatment and is currently living there for health reasons. Despite these troubles, Nawaz Sharif is still one of the richest people in Pakistan, showing how successful he was in business before and during his political career.
| Source of Income |
Ittefaq Group and Sharif Group |
| Net Worth | $1.52 Billion |
| Born In | 25 December 1949 (Age 73) |
| Birth Place | Lahore, Punjab, Pakistan |
| Nationality | British and Pakistani |
10. Nasir Schon
Nasir Schon is a well-known businessman from Pakistan. He has made a big impact in the real estate and construction industries. He was born in Karachi into a wealthy family, which helped him follow his dreams of starting his own business. Nasir started working with the Schon Group, where he helped the company grow and succeed in different areas.
He has launched many successful projects and is considered one of the richest people in Pakistan. Besides his business success, Nasir also does a lot of charity work, supporting different social causes and community projects. His story shows how hard work and determination can inspire others to succeed.
| Source of Income |
Schon Group and Real Estate Investments |
| Net Worth | $1 Billion |
| Born In | 15 March 1965 (Age 58) |
| Birth Place | Karachi, Pakistan |
| Nationality | Pakistani |
Industries that Dominate Global Wealth
| Industry | Notable Figures | Company/Project |
| Manufacturing | Shahid Khan | Flex-N-Gate |
| Nawaz Sharif | Ittefaq Group | |
| Real Estate | Asif Ali Zardari | N/A |
| Malik Riaz | Bahria Town | |
| Nasir Schon | Schon Group | |
| Retail | Sir Anwar Pervez | Bestway |
| Packaging | Syed Babar Ali | Packages Limited |
| Textiles | Tariq Saigol | Saigol Group |
| Finance | Rafiq Habib | Habib Bank |
| Diversified | Mian Muhammad Mansha | Mansha Group |
Impact of Wealth on Pakistan’s Economy
Shahid Khan
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- Contributes to job creation and investment opportunities.
- Enhances industrial growth, particularly in sports and manufacturing.
Mian Muhammad Mansha
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- Strengthens financial stability through banking and manufacturing sectors.
- Promotes economic growth by increasing access to finance.
Asif Ali Zardari
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- Influences economic policies through political connections.
- Engages in diverse businesses that contribute to the economy.
Sir Anwar Pervez
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- Transforms the retail sector, improving consumer access.
- Generates significant employment through Bestway.
Malik Riaz
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- Revolutionizes the real estate market with Bahria Town, impacting urban development.
- Provides housing solutions and promotes construction industry growth.
Syed Babar Ali
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- Strengthens the education sector, promoting skills development.
- Supports philanthropic initiatives that enhance social welfare.
Tariq Saigol
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- Contributes to the textile industry, boosting exports and job creation.
- Promotes innovations in textile manufacturing.
Rafiq Habib
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- Plays a crucial role in the banking sector, facilitating investments.
- Supports financial literacy and economic development initiatives.
Nawaz Sharif
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- Influences infrastructure development and governance through business ventures.
- Aids economic policies and initiatives through political experience.
Nasir Schon
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- Contributes to the construction industry, promoting economic activity.
- Engages in projects that enhance urban development and infrastructure.
FAQs
following are the frequently asked question
Who is the richest person of Pakistan in 2024?
As of 2024, the richest person in Pakistan is Shahid Khan, with a net worth of approximately $12 billion.
What industries do the richest men in Pakistan primarily belong to?
They primarily belong to construction, textiles, real estate, and technology industries.
How do these wealthy individuals impact Pakistan’s economy?
They create jobs, invest in infrastructure, and promote economic growth through their businesses.
Are there any women among the richest individuals in Pakistan?
There are influential women in business, but they do not rank among the top 10 richest individuals.
Final Words
The wealthiest individuals in Pakistan illustrate that success can be achieved across diverse sectors, such as business, politics, and real estate. Their significant contributions elevate their status while driving the country’s development and economic growth, inspiring future generations to pursue excellence and foster positive change in society.
Success knows no bounds; it flourishes across sectors, inspiring future generations to strive for excellence and drive societal change.
Visual Pakistan
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