Three of Pakistan’s top richest men now have net worth more than country’s foreign exchange reserves
With the latest drop in Pakistan’s foreign exchange reserves, country’s top three richest men are now richer than the country itself. With a net worth of $8.5 billion, $4.6 billion and $3.7 billion respectively , Shahid Khan, Anwar Parvez and Mian Mansha exceed the country’s foreign exchange reserves of a meagre $3.7 billion, which decreased by $923m during the week due to external debt repayments.
A Pakistani-American, Shahid Khan, has emerged as the 66th richest man in the United States in 2020, with a total worth of $7.8 billion. Shahid, an engineer by trade, owns the NFL’s Jacksonville Jaguars, and UK’s Fulham football club. He is a major financial backer of Black News Channel, a 24-hour cable news channel, which launched in February 2020.