Home Articles Ten Richest Men in the world and Pakistan

Ten Richest Men in the world and Pakistan

144
0

Ten Richest Men in the world and Pakistan

By

Muhammad Arif

Muhammad Arif : Chairman Centre of Advisory Services for Islamic Banking and Finance (CAIF), Former Head of FSCD SBP, Former Head of Research ArifHabib Investments and Member IFSB Task Force for development of Islamic Money Market, Former Member of Access to Justice Fund Supreme Court of Pakistan

Surprisingly, Bill Gates, with a net worth of $81 billion, is ranked No. 1 for the 23rd year running. Meanwhile, his friend Warren Buffett fell to third place for the first time in 15 years with a net worth of $65.5 billion.

Thanks to soaring stock prices of hot tech firms, CEOs at the helm of those companies seem to have been accumulating wealth at a much faster pace than others. Amazon.com CEO Jeff Bezos gained $20 billion to boost his net worth to $67 billion, making him the second-richest person in the U.S.

Facebook CEO Mark Zuckerberg jumped into fourth place, his highest rank ever, with a net worth of $55.5 billion. However, Oracle founder Larry Ellison landed at No. 5 for the first time since 2007. His net worth is $49.3 billion.

Standing on the No. 6 spot is former New York City Mayor Michael Bloomberg, CEO of the eponymous firm Bloomberg L.P., who has a net worth of $45 billion.

These six richest multi-billionaires have a combined $363.3 billion at their withdrawal, most of which is still held as stakes in the companies they founded. However, part of their fortune is vested in real estate. Mr. Gates, for one, owns a Washington mansion worth about $170 million, several horse ranches across the U.S. and shares in some luxury hotel chains through his private investment firm, Cascade.

Let us take a look at the residences the six richest moguls:

1) Bill Gates Worth: $81 billion Home: Medina, Washington

Mr. Gates, 60, spends most of his time at his 66,000-square-foot Medina, Washington, mansion, nicknamed Xanadu 2.0 after the title character’s estate in Citizen Kane. The mansion overlooks Lake Washington. It took Mr. Gates seven years and $63.2 million to build this house, which is filled with lots of high-tech features. He purchased the lot for $2 million in 1988, but it’s now worth an estimated $170 million, according to public records.

2 )Jeff BezosWorth: $67 billion Home: Medina, Washington

Mr. Bezos, 52, in the process of building his e-commerce empire, scooped up a vast amount of real properties over the years, earning him the No. 26 spot on The Land Report’s list of America’s largest landowners last year. In terms of residences, he has a 165,000-acre ranch in West Texas, a waterfront house in Washington state, three linked apartments in Manhattan’s Century Tower, and a 12,000-square-foot Beverly Hills estate that boasts Tom Cruise as a neighbor, according to Forbes.His home at Medina, Washington, close to Amazon’s headquarters, boasts 5.35 acres and about 29,000 square-foot of living space. Aside from the main home, there’s also a caretaker’s cottage and a 4,500-square-foot boathouse on Lake Washington.

3) Warren Buffett Worth: $65.5 billion Home: Omaha, Nebraska

Although the shrewdest investor on earth holds multiple real estate investments, Mr. Buffett, 86, is known for living humbly.His home sits on a corner in Omaha, Nebraska, which he bought in 1958 for $31,500. Mr. Buffett has lived there ever since. The house, originally built in 1921, underwent several expansions to make it a cozy and comfortable 6,500-square-foot home for the man who has a net worth of over $65.5 billion.

4) Mark ZuckerbergWorth: $55.5 billion Home: Palo Alto, California

The youngest richest entrepreneur docks most of his wealth in schools, health and other philanthropies. His real estate portfolio includes his home in Palo Alto and a 9.9-million pied-a-terre near Dolores Park in San Francisco.Mr. Zuckerberg, 32, purchased his first Craftsman-style 5,000-square-foot home in Palo Alto in 2011 for $7 million. He snapped up four of the houses surrounding his home in the following years for about $43.8 million to better keep his privacy. But his plan to tear down and rebuild those four homes has been stalled.

5). Larry Ellison Worth: $49.3 billion Home: Woodside, California

Oracle executive chairman Larry Ellison, 72, has an extensive real estate portfolio. He has bought up large parts of whole neighborhoods in Malibu and around Lake Tahoe. He owns a $70-million Beachwood Mansion in Newport, Rhode Island; a garden villa in Kyoto, Japan; and 98% of the land of Lanai, Hawaii’s sixth-largest island, which he purchased in 2012 for $500 million, according to published reports.His estate in Woodside, California, with an estimated value of $110 million, is modeled after 16th-century Japanese architecture, complete with a man-made 2.3-acre lake.

6) Michael Bloomberg Worth: $45 billion Home: Manhattan, New York

Former New York City Mayor Michael Bloomberg, 74, has more than a dozen of properties worldwide. He spends most of his time at his Upper Estate Side townhouse, but he also owns estates in the Hamptons in New York, as well as in London, Bermuda, Colorado and Florida.Mr. Bloomberg’s townhouse, located at 17 East 79th St., spans five stories with a limestone exterior. During his three terms as mayor, Mr. Bloomberg lived in the townhouse instead of Gracie Mansion. However, he apparently has a plan to turn it into a mega-mansion. Since 1989, he has been gradually buying up units at 19 East 79th St., the townhouse co-op that’s right next door to his current residence. Out of the six units in the white 1880 Greek-revival-style building, Bloomberg now owns five of them, according to The New York Observer.

7) Julia Koch & family (U.S.)

Julia Koch, a former assistant to fashion designer Adolfo, is the widow of David Koch, whose family conglomerate is one of the largest privately held companies in the United States.She falls outside of the top 20 richest people in the world for 2021, with a net worth of $46.4 bill

8) Charles Koch

Charles Koch is a billionaire philanthropist and CEO of Koch Industries. His net worth is $46.4 billion.

9) Jack Ma (China)

Jack Ma is the co-founder and former executive chairman of Alibaba Group. Despite adding $9.6 billion to his net worth. Ma has $48.4 billion, according to Forbes. 

10)Alice Walton (U.S.)

Age: 71
Net worth: $61.8 billion

Ten Richest persons in Pakistan

1) Tariq Saigol

Tariq Saigol is among the top ten richest people in Pakistan, with a net worth of $0.9 billion.Saigol is the owner of the “Kohinoor-Maple Group” and has a high share investment in the Textile mill of Kohinoor and Pak Electron Ltd. He is also a stakeholder in the Kohinoor Power Company. 

2) Rafique M. Habib

With a net worth of approximately $0.95 billion, Rafique M. Habib is the ninth wealthiest man in Pakistan. He is the group chairman of the House of Habib,Habib insurance co. Ltd, Shabbir Tiles & Ceramics, and Thal Ltd.Habib is the Head of almost around 100 companies, including Habib Bank and Habib University.

3) NasirSchon

With a net worth of $1 billion, NasirSchon is the eighth richest man in Pakistan. He owns Schon Properties, along with his brother TahirSchon. The company was created in 1971.

4) Mian Muhammad Nawaz Sharif

Mian Muhammad Nawaz Sharif is the seventh richest man of Pakistan with a net worth of $1.4 billion. He is a prominent politician and served as the Prime Minister of Pakistan three times. Sharif was born into a business family, and so is the main source of his income. His father was the founder of the Sharif group and the Ittefaq group. Both groups operate in the field of sugar, steel, and textile industries.

5) Malik Riaz

With a net worth of $1.5 billion, Malik Riaz is securing the sixth position among the Pakistani richest men in 2021. He is a business tycoon and the founder of the largest private real estate development company in Asia named BahriaTown.His main income source is the Bahria town Group, which has its services in major cities of Pakistan, including Lahore, Karachi, and Islamabad.

6) Asif Ali Zardari

Asif Ali Zardari is the fifth richest man in Pakistan. His net income is estimated at $1.8 billionZardari is the former President of Pakistan and a seasoned politician. However, his main source of income comes from land. He owns hundreds of acres of cultivated land in Sindh.Most of Zardari’s income comes from the sugar mills from all over Pakistan. He also has shares in investment companies.

7) Mian Muhammad Mansha

Mian Muhammad Mansha is ranked as the fourth richest person in Pakistan. He has a net worth of $2.7 billion. He is the founder of the Nishat Group and also holds the designation of the CEO.
Mansha’s income source, Nishat Group, is a Pakistani-based multinational conglomerate with its head office in Lahore.

8) Sadruddin Hashwani

SadruddinHashwani is the third richest Pakistani with a net worth of approximately $3.4 billion. He is the founder and the current chairman of the Hashoo group.The main enterprises of the group include Pearl Continental hotels and resorts.

9) Muhammad Anwar Parvez

Muhammad Anwar Parvez is a UK based Pakistani businessman. He is the founder and the chairman of Best way Group- a company based in the UK with operations in Pakistan. The company owns UK’s second-largest wholesale services and the third largest pharmacy chain called WELL PHARMACY. He is the highest shareholder in United Bank in Pakistan. Parvez is the second richest person in Pakistan, with a net worth of $4.6 billion.

10) Shahid Khan

Shahid Khan is a Pakistani American business magnate and is ranked 1st in the list of top ten richest people in Pakistan.Khan is the CEO and owner of Flex-a-Gate, an auto manufacturing company, which is the major source of his earnings. He also owns Jacksonville jaguar, a national football league team in America, and Fulham Football club London.As of 2021, his net worth is $8 billion.

LEAVE A REPLY

Please enter your comment!
Please enter your name here