Top 3 Real Estate Billionaires of Pakistan
Real estate is considered to be the most secure investment vehicle in Pakistan and it is playing a vital role in boosting country' s economy. Pakistan spends almost $5.2 Billion on construction sector every year and all the wealthy investors both local and overseas prefer to invest in real estate sector.
Bahria Town is a clear example of investment in real estate sector, which is the largest private real estate investor in Asia. Following is the list of richest tycoons that have become billionaires from Pakistan realty sector.
Asif Ali Zardari
Asif Ali Zardari, former President of Pakistan and richest real estate investor, is at number 1 on the list of Real Estate billionaires of Pakistan. His total fortune is estimated to be $1.8 billion with most of his land located in Nawabshah, Sindh. As you may know that he was alleged with several corruption charges, especially for receiving 10 percent commission to get the tender passed to establish a company during his wife' s administration in the country.
Malik Riaz Hussain
Malik Riaz Hussain, a business tycoon, a philanthropist and real estate developer, is known for launching a famous real estate project, Bahria Town. Bahria Town residential society has been developed across several major cities of Pakistan. His total fortune has been collectively valued around $1.2 billion, which makes him stand at the number 2 on the list of the Richest Real Estate Billionaires in Pakistan. Despite the controversies entangled around Malik Riaz, it is notable that he never stopped indulging in charities and raising funds for noble causes.
Saddaruddin Hashwani, the founder and currently the chairman of Hashoo Group, is known for his dominance in the hotel industry of Pakistan. His estimated wealth is around $1.1 billion, which makes him stand on number 3 on the list of Richest Real Estate Billionaire in Pakistan. Hashwani started his career as a trader in 1960 and hardly a decade passed, when he became the biggest trader of cotton in Pakistan. In 1973, he diversified his business by investing in hotel industry and eventually, he became owner of famous 5 star hotels in Pakistan: Holiday Inn (Marriott Hotel now) and Pearl Continental (PC).