Pakistan’s Richest Struggle to Compare with Indian Tycoons Amid Economic Turmoil

Pakistan, grappling with political instability and an economy teetering on the brink of collapse, faces daily losses of nearly Rs 6,000 crore. Despite these challenges, the country remains home to several wealthy individuals. Shahid Khan, a Pakistani-American businessman, is the wealthiest person of Pakistani origin, with a net worth of $13.7 billion, according to Forbes’ real-time billionaire list.

Shahid Khan, often called “Shad” Khan, is the richest person of Pakistani origin. As the owner of Flex-N-Gate, an auto parts company that generates $8.3 billion in annual revenue, Khan supplies major automobile brands like BMW, Ford, Nissan, and Toyota. Additionally, he owns the NFL team Jacksonville Jaguars and the English football club Fulham FC.

Within Pakistan, Mian Muhammad Mansha is considered the wealthiest resident. As chairman of MCB Bank and the Nishat Group, Mansha has established himself as a prominent business figure, known for his significant tax contributions. His family migrated to Pakistan from India during the 1947 Partition.

Anwar Pervez, a Pakistani-British billionaire and founder of the Bestway Group, is another leading figure. His group is the second-largest cement producer in Pakistan. Born in Rawalpindi in 1935, Pervez moved to Britain in 1956 and has an estimated net worth of $3 billion.

Other notable individuals include Nasir Schon, CEO of Schon Group, whose ventures span real estate projects like Schon Business Park and Dubai Lagoon. Schon, the fourth-richest Pakistani, has a net worth of $1 billion and is known for owning Pakistan’s first Rolls Royce. Meanwhile, Rafiq M. Habib, a key figure in the House of Habib, is worth $950 million, with his group operating across the banking, healthcare, insurance, and education sectors.

The combined net worth of Pakistan’s 10 richest individuals totals $28 billion.

Despite the impressive fortunes of Pakistan’s wealthiest, their combined net worth pales in comparison to India’s top billionaires. Mukesh Ambani, chairman of Reliance Industries, boasts a staggering net worth of $91.7 billion, while Gautam Adani, founder of the Adani Group, is worth $59 billion.

Together, Ambani and Adani hold a combined fortune of over $150 billion, far surpassing the total wealth of Pakistan’s top 10 billionaires. Even individually, each of these Indian tycoons commands a fortune greater than Pakistan’s wealthiest combined.

Pakistan’s economic struggles highlight the stark disparity in wealth between the two neighboring nations. While Indian billionaires continue to thrive, supported by robust industrial growth and global ventures, Pakistan’s richest must navigate an economy weighed down by political and financial instability. The wealth gap underscores the diverging economic trajectories of the two countries, with India producing global industrial giants while Pakistan’s economy struggles to stay afloat.

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