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.


Shahid Khan:

Shahid Khan is an American businessman born in Pakistan who is declared the richest man in Pakistan in 2023 with a net worth of $8.5 billion. Raised in 1950, Khan belonged to Lahore’s middle-class family and moved for higher studies to the United States in 1967.

The owner of Jacksonville Jaguars from the NFL and Fulham F.C from the English Premier League team is ranked 61st in the 2019 Forbes Billionaires list. He’s also launched All Elite Wrestling with his son Tony Khan.

Anwar Parvez:

Sir Anwar Pervez has made it to one of the top 10 richest men in Pakistan. He owns the bestway group. The company also deals with the steel, banking, and pharmaceutical industries. In addition, he is also a major shareholder in United Bank Limited (UBL). Sir Anwar is the UK’s richest Pakistani, with $4.6 billion in net worth.

Pervez, 82, in the United Kingdom, is a very eminent personality. Sir Anwar Pervez, who was knighted by the Queen in 1999, is also a lifetime member of the House of Lords.

Mian Muhammad Mansha:

With a net worth of $3.7 billion, Mian Mansha is the first billionaire from Pakistan. His Nishat Group is now Pakistan’s largest exporter of cotton clothing (for brands such as Gap) and the largest private employer nationwide; it also invests in power plants, cement, and insurance.

He is the owner of the Muslim Commercial Bank (MCB), one of the most profitable private banks in the country. He is also the founder and chief executive of the multinational conglomerate Nishat Group based in Lahore. The Nishat Group also collaborated with Hyundai Motor in assembling the vehicles from Japan in Pakistan.

In addition, Mian Mansha controls Adamjee Group, Nishat Chunian Power & Nishat Company, and DG Khan Cements, as well as investments in the transport sector. In Pakistan’s big-budget infrastructure projects, including seaports and energy production, he has also invested his presence.