Introducing Mian Mohammad Mansha, Pakistan's inaugural billionaire, often compared to Mukesh Ambani and Gautam Adani, although his net worth and business ventures are of a smaller magnitude.
Mian Mohammad Mansha, renowned as Pakistan's first billionaire, is often referred to as the 'Mukesh Ambani of Pakistan.' His status as one of the country's wealthiest individuals is well-established. After the partition in 1947, Mansha's family moved from Kolkata, India to Pakistan. There, his father and uncles entered the textile industry, leading to the creation of Nishat Mills in 1951. Upon completing his studies in the UK, Mian Mohammad Mansha returned to Pakistan to join the family business.
Forbes recognizes Nishat Group, under Mansha's ownership, as Pakistan's primary exporter of cotton clothing and the largest private employer. His conglomerate also invests in energy projects, cement manufacturing, and insurance activities. While Mian Mansha successfully acquired Muslim Commercial Bank in 1991, he divested more than half of his MCB shares in 2008. Reports indicate his current net worth is approximately $5 billion, a significant contrast to India's richest individual, Mukesh Ambani, with a net worth of about $90 billion. Similarly, Gautam Adani, India's second-wealthiest person, boasts a net worth of roughly $54 billion.
Mian Mohammad Mansha's holdings encompass valuable overseas assets, including an extravagant estate in London. He possesses an assortment of luxury vehicles, such as a Mercedes E-Class, Jaguar convertible, Porsche, BMW 750, Range Rover, and Volkswagen. Mansha, along with a select few family members, ranks among Pakistan's leading contributors to national taxation
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Writer: Chintu nath
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